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Yokohama To Set Up Indian Subsidiary

The Yokohama Rubber Co. Ltd. has announced that it is to establish a wholly-owned subsidiary in New Delhi, India in January 2007. Named Yokohama India, the new company will initially operate as a tyre sales and marketing company. However, in the future, it is planned to become Yokohama’s local headquarters in India for coordinating any future expansion of business such as manufacturing tyres and marketing automotive hoses and sealants. It will have a start-up capitalisation equivalent to approximately 50 million yen (334,468 euros).

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  1. Yokohama To Boost Philippines Production Capacity
  2. Yokohama to Exhibit at Auto Shanghai
  3. Apollo Tyre’s Kerala Plant Crosses 16 Million Unit Mark
  4. Yokohama to Increase Production Capacity in Thailand
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Elgitread: Preparing for Market Breakthrough

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It is taking quite a long time for those involved in the Chinese retreading markets to get up to speed in comparison with the rapid developments in the other tyre-related sectors. The first signs of developments can particulalry be found in the OTR tyre segment. Truck tyre retreading isn’t yet seen as a generally necessary way of saving money and energy. However, tread manufacturers such as Elgitread from India are preparing for a breakthrough in China. That’s why representatives have travelled to the far East to exhibit at the CITExpo year after year although their business in China remains relatively low-level. Elgitread has created a worldwide network of business partners over the past years including five equity production sites – although so far China is not counted among the production sites.

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Related news:

  1. Goodway’s Simplex Programme Makes Waves
  2. Advanced ID to Supply 2 million RFID Chips to Mesnac in China
  3. Pneu-Logic to Supply 2 million RFID Chips to Mesnac in China
  4. 1000 Attend Brahler Industries Open House
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Chinese Manufacturers Focus on OTR Tyres

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Chinese manufacturers want to and, in fact, already are benefiting from strong international demand for OTR tyres. One company that follows these lines very closely is the China Noble OTR Tyre Co., Ltd. When at the turn of the century it was becoming more evident that there was going to be a strong growth on the profitable OTR tyre market, Noble Tyre decided to jump on the bandwagon. The company’s co-founder Sky Zhuang said in an interview with Tyres & Accessories that this was the time when Noble decided to change its production plans. The company used to produce truck tyres and then changed over to the production of OTR tyres and thus invested considerable amounts of money from 2001 onwards.

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Related news:

  1. Apollo Tyres opens €475 million greenfield Hungarian plant
  2. Protean establishing factory for electric in-wheel drive system
  3. Citexpo 2014 reports record figures
  4. Cooper acquisition is a game changer – Apollo MD talks to T&A
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Tyrexpo Africa 2006 – Met with Great Enthusiasm

For the first time since the early eighties, South Africa hosted its own dedicated tyre trade event. The three-day exhibition was held at the Sandton Convention Centre in Johannesburg where over 110 national and international exhibitors took part. According to the organisers, a total of 2738 tyre trade professionals, from 44 countries, attended the show. In addition to those from within South Africa, others came from Botswana, Burundi, Gabon, Ghana, Kenya, Libya, Malawi, Mauritius, Mozambique, Namibia, Nigeria, Samoa, Swaziland, Uganda, Zambia and Zimbabwe. More international visitors came from Australia, China, Europe, Hong Kong, India, Indonesia, Japan, Korea, Pakistan, Russia, Singapore, Thailand, U.A.E and the US.

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Related news:

  1. Tyrexpo Africa 2006 Proclaimed a Resounding Success
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  3. Visitor Numbers Reach New High
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Multimillion Dirham Complex Opens in Dubai

Al Saeedi Group, a leading Dubai-based tyre distributor, has opened a new corporate, service and warehousing complex in the country’s Jebel Ali Free Zone (JAFZ). The 100,000 square feet facility, was inaugurated by Jamal Majid bin Thaniah, Group Chief Executive Officer, Ports & Free Zone World in the presence of Y.K. Sinha, Consul-General of India, along with local dignitaries and executives representing world’s leading tyre brands.

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Ceat Launches New Truck Tyre

Ceat Ltd, one of India’s leading tyre manufacturers, has launched the ‘Ceat Mile XL’ truck tyre onto Indian roads. General manager marketing, Rajiv Jain told reporters that the Mile XL is designed to produce 15 per cent more mileage than other similar tyres. “With the transportation scenario in the country undergoing drastic changes, Mile XL will cater to the need of carrying additional weight and performing at higher speed, even while providing higher mileage,” he said. On an average, Ceat manufactures 1.8 million tyres per annum in its manufacturing facilities at Mumbai and Nasik, and had a market share of 18 per cent in truck tyre industry, Jain told local news sources.

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  1. CEAT to Commission Sri Lankan Radial Plant in July
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India Imposes Duty on Nylon Imports

The Indian finance ministry has introduced anti-dumping duty on nylon filament yarn and nylon tyre cord imported from China, Taiwan, Malaysia, Indonesia, Thailand and Korea. According to the Directorate General of Anti Dumping and Allied Duties (DGAD), these items have been exported to India at artificially low prices. Importers of nylon filament yarn from China will have to pay a duty of Rs 63 (1.06 euros) per kg, but importers from Taiwan, Malaysia, Indonesia, Thailand and South Korea have been hit harder, paying Rs 77 (1.29 euros) per kg. The DGAD recommended that the finance ministry introduced duties on synthetic fabrics, saying that the Indian industry had suffered material losses because of dumping by exporters from these six countries, as the market for synthetic textiles in India continues to grow.

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  1. Rubber Supply Tight for Five More Years
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  3. Rubber Prices Set To Rise Sharply
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Natural Rubber Prices Ease

(Akron/Tire Review) Rubber planters in Asia are tapping trees faster than ever, pushing down prices and helping a recovery in shares of tyre manufacturers Bridgestone Corp., Groupe Michelin and Goodyear Tire & Rubber Co. Rubber prices in Tokyo, the world’s biggest futures market for the material, have fallen 20 per cent since reaching a record on 12 June. Supply has risen after companies such as PT Astra Agro Lestari planted more rubber trees in Indonesia and Malaysia to keep up with Chinese consumption. Now, China is taking steps, such as last week’s interest rate increase, to slow its economy.

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Goodyear Invests £5.7 million in Indian Retail Network

Goodyear India Ltd. is to invest 500 million rupees (£5.7 million) in strengthening its Indian retail operation in order to capitalise on the country’s rapidly expanding automotive market. Goodyear India will set up 50 shop-in-shop branded stores by the end of 2006 and at least 250 more by end-2008, according to the local news reports.

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  1. Goodyear to Invest $18 Million on Expansion in India
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  4. Indian Truck and Bus Tyre Production Up
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Tyre Fuel Banned in Puffed Rice Industries

The Davanagere, India district administration has banned the use of tyres as fuel in puffed rice industries from 27 August, Deputy Commissioner M B Dyaberi told New India Press. The district administration has identified 60 puffed rice industries for installation of wood gasifiers and the list has been handed over to Puffed Rice Industry Owners Association, the deputy commissioner added.

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Related news:

  1. Goodyear Launches Tubeless Radials For Indian Market
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Dunlop India Ambattur Plant Starts Production

The Ambattur unit of Dunlop India Ltd (DIL) is set to start production this week, a month ahead of the schedule, according to company chairman, Pawan Kumar Ruia. Ruia said initial start-up capacity of 40 tonnes daily would be ramped up to 130 tonnes a day by December. The first tyres to roll out would be for light commercial vehicles and truck tyres, while tractor tyres would be produced later.

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Industrial Tyres From India

In recent years Indian tyre manufacturer Ceat (established in 1958) has shown consistent signs of growth, and the company’s wide range of industrial products is no exception to this trend. The Ceat industrial range includes tractor drive axles tyres R3 and R4, skid steer products, industrial forklift MPT fitments and container handling tyres. According to the company, Altura tyres feature high contact areas for low rolling resistance, brake plies to increase puncture resilience and high tensile strength bead wires for proper rim/tyre fitment. So whether your vehicles operate in a port or an urban warehouse, the Indian manufacturer says it has a product for you.

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  1. BKT celebrates silver jubilee, introduces Bhuj site
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Midas Mileage Awarded Star Export House Status

General Rubbers, the manufacturer of Midas brand of tyre retreading materials, has recently been certified as a Star Export House by the Ministry of Trade and Finance. This was in recognition of the excellent growth in sales of its products in international markets over the past few years.

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Indian Government to Make ISI Mark Mandatory

Luxury car imports into India could slow down after the Indian government circulated plans to require all replacement and OE tyres to bear the ISI mark. A draft circular for the new regulation has already been issued by the Bureau of Indian Standards and the rule is expected to take effect in the next 40 to 60 days.

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Related news:

  1. Tubeless Radials the Hot Ticket in India
  2. “NR Price Rise has Cost Indian Tyre Industry 8.8 billion Rupees a Year”
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Stamford Tyres Continues Global Expansion

(Akron/Tire Review) In line with its business plan focused on global distribution, Stamford Tyres Corp. of Singapore has recently expanded into China, India, South America and the US. In March, Stamford announced that its 50 per cent owned joint venture company, Tyre Pacific (HK) Ltd, has incorporated a 100 per cent owned subsidiary company, Orizz (Shanghai) Ltd in Shanghai, China.

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  1. Brityrex is Back
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  4. Zeppelin Acquires Chronos Richardson’s MPS Division
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