India
The Asian Latex Conference 2015 and India Rubber Summit & Dinner 2015, which were held between 10 – 12 September 2015, were hosted at the Crowne Plaza, Kochi, by Rubber Asia. The awards in recognition of outstanding contributions to different segments of the rubber industry were presented at a ceremony during the India Rubber Summit and Dinner 2015.
The acquisition of tyre, tube and flap manufacturer Cavendish Industries Ltd. has been approved by the Board of Directors at JK Tyre & Industries. The Indian tyre maker is acquiring 100 per cent equity in Cavendish from Kesoram Industries Ltd. for just under Rs 22 billion (£214.6 million). According to JK Tyre, it and other JK Group companies will fund the acquisition by a combination of debt and internal accruals, and JK Tyre’s financial exposure is expected to be some Rs 4.5 billion (£43.9 million). The deal is expected to close in December 2015.
Only quite recently Apollo Tyres Ltd gave word that truck and bus tyre production capacity at its factory Chennai, India would increase from 6,000 to around 9,000 tyres per day, yet the company has now announced a further truck and bus tyre capacity boost for the plant. A filing submitted to the BSE following a meeting of Apollo’s Board of Directors on 11 August shares the tyre maker’s plan of outlaying a capital expenditure of Rs 12 billion (£118.7 million) to further expand truck and bus radial capacity in Chennai from the currently planned 8,900 tyres per day to 12,000 tyres per day.
Falling natural rubber prices have driven output in India down, and many anticipate that tapping of natural rubber will soon reach its lowest point in almost two decades. Last month the state of Kerala announced an Rs 150 (£1.51) per kilogramme subsidy to help small-scale producers, however Onkar Kanwar believes that subsidy programme such as this can only be of limited help.
Production of Michelin truck and bus tyres in India will apparently increase by 45 per cent this year. Financial daily The Economic Times writes that annual output at the company’s plant north of Chennai will increase from 11,000 tonnes to 16,000 tonnes in 2015 in response to increasing demand for radial tyres.
On 22 July 2015 Apollo Tyres Apollo Amazer 4G Life, especially for the Indian market. Its unique selling points? The tyre has been developed jointly by the company’s global R&D centres in Chennai, India and the Netherlands and offer customers the promise of 100,000kms of wear and beyond.
The Michelin tyre factory near Chennai, India has been granted ISO 9001 and ISO/TS 16949:2009 Quality Management System Certification. The certification was carried out by the Technical Union for the Automobile, Motorcycle and Cycle Industries (UTAC).
Yokohama Rubber’s first factory in India entered production last year with a capacity to produce 2,000 tyres a day, and local subsidiary Yokohama India is now looking to increase capacity to 8,000 tyres a day – some 2.8 million tyres a year.
Visitor numbers at this year’s Tyrexpo India are 54 per cent up over those for the previous show, reports organiser SingEx Exhibitions Pte Ltd. During the three-day event a total of 2,600 industry specialists from 30 countries passed through the gates at the Chennai Trade Centre to visit the more than 100 confirmed trade exhibitors and to attend scheduled programmes such as TyreTalk. Prior to the show, the organiser stated its expectation of around 2,500 visitors at Tyrexpo India 2015.
The third edition of Tyrexpo India got underway in Chennai yesterday. The tyre industry show officially opened with a ‘lamp lighting’ inauguration ceremony officiated by representatives from tyre makers, local industry associations and exhibition organiser SingEx-ECI. The show will run at the Chennai Trade Centre until 9 July.
Exhibitor and visitor numbers at the second Tyrexpo India, held between 9 and 11 July 2013, are said to have increased 11 per cent compared with the inaugural show in 2011; organiser ECI International reported the presence of visitors from visitors from 67 countries. In 2015, Tyrexpo India returns to the Chennai Trade Centre for a […]
Rubber Asia has announced it will honour “those who have made outstanding contributions to the rubber industry” at the Asian Latex Conference (ALC) 2015 and India Rubber Summit & Dinner (IRSD) 2015. The two events are organised on consecutive days on 10, 11 (ALC), and 12 (IRSD) September in Kochi, India.
MRF Tyres is claiming an Indian-market first with the release of its Revz motorcycle tyre. This new range marks the tyre maker’s – and the country’s – entry into the motorcycle radial segment, and MRF has embarked on an elaborate digital campaign to get the message out. In addition to commissioning an interactive section for the mrftyres.com website, the tyre maker has taken to Twitter under the #RevzolutionIsHere hashtag and is also revving up interest via other social media sources.
Taking place on 7-9 July at the Chennai Trade Centre the latest Tyrexpo India will seek to promote discussion through three major initiatives.
JK Tyre & Industries Ltd has appointed Vivek Kamra as its president – India. The news follows Arun K Bajoria’s promotion to the role of ‘director and president – international operations’. Bringing with him 20 years’ experience, Bajoria will be leading JK Tyre’s international operations including JK Tornel, Mexico and special “strategic assignments”.
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