India Archives - Page 40 of 127 - Tyrepress

India

Tag Archive for: India

Opening ceremony for Bridgestone’s 2nd Indian factory

A formal opening ceremony has been held for Bridgestone’s new factory in India. The Pune plant, located 100 miles southwest of Mumbai and operated by subsidiary Bridgestone India Private Ltd., is the tyre maker’s second in India. Production of passenger car radials began in January and capacity is expected to reach 10,000 units per day by the end of 2014. Truck and bus radial production will begin in Pune in October and daily capacity will reach 3,000 units by the second half of 2017. Bridgestone says approximately 50 billion yen (£341 million) has been invested in the 760,000 square metre plant, which as of January employed 500 workers.

7th February 2013/12,345 Comments/by Tyrepress Editors

Growth to 10% expected for India’s tyre industry in 2012-13

In its 2012 annual report, Indian manufacturer MRF Ltd predicts that the country’s domestic tyre industry will grow by eight to ten per cent in the current financial year (to 30 September 2013). This growth will most likely be accompanied by continued pressure on margins should cost issued not be addressed, it adds.

30th January 2013/by Tyrepress Editors

MWSD’s Ellis presents CV wheel safety issue to Euro Parliament

News, Product News, UK News

Managing director of Motor Wheel Service Distribution, John Ellis has presented expert testimony to the European Parliament’s Committee on Transport and Tourism (TRAN) during last week’s (22 January) public hearing into the Roadworthiness Package. Acting in his capacity as director of the Northwest Automotive Alliance (NAA), Ellis presented an introduction and background to the issue, then called for five measures, most prominently the light regulation of the supply chain to enforce existing standards and improved inspection procedures across all EU member states. Ellis, who has pursued the issues confronting the safety of commercial vehicle wheels in the UK over the last few years, said his proposed changes would make for a “far safer” commercial vehicle sector without burdening CV operators with additional costs.

28th January 2013/by Tyrepress Editors

Ceat to open Bangladesh JV factory

International News

India’s Ceat Ltd will start manufacturing tyres in Bangladesh as of next year through a joint venture operation with Bangladesh-based business conglomerate AK Khan & Co Ltd. The tyre maker will hold a 70 per cent share in the new company, Ceat AK Khan Bangladesh Ltd, with AK Khan & Co. possessing the remainder. Ceat AK Khan Bangladesh will produce cross-ply truck, light commercial vehicle and motorcycle tyres for the domestic market. The joint venture has been set up with an initial investment of US$67 million and will have a 110 tonne per day capacity when production commences. Around 1,000 people are expected to be employed in the new company.

28th January 2013/by Tyrepress Editors

Autopromotec details Aftermarket Meeting 2013

Aftermarket show Autopromotec has announced details of 2013’s International Automotive Aftermarket Meeting (IAAM13) on 23 May 2013. Previously known as the EAAS (European Automotive Aftermarket Symposium), the conference aims to provide companies and professionals involved in the after-sales sector with an insider's perspective on the trends and developments within the aftermarket industry in Europe, as well as further afield. It will focus on new international channels for sales and marketing activities, both within Europe and selected strategic countries, such as those of the BRIC group (Brazil, Russia, India and China).

17th January 2013/by Tyrepress Editors

VW to introduce budget brand?

There are reports from the North American International Auto Show, (Detroit, Jan 14 – 27) that Volkswagen will decide this year whether to introduce a new budget brand aimed at developing markets.

If the company decides to go ahead, it would almost certainly start in China, where VW recorded a near-25 per cent increase in sales to a total of 2.15 million in 2012. But India and other new markets such as Mexico could also be targets for a low-cost VW brand.

15th January 2013/by Tyrepress Editors

Reports: Alliance has private equity suitors

Several media outlets plus supporting information from Tyres & Accessories’ own sources are reporting that at least two private equity firms are preparing considering bids for Warburg Pincus LLC's majority stake in Alliance Tire Group (ATG). The potential deal is said to be valued at around US$400 million.

14th January 2013/by Tyrepress Editors

Apollo opens global R&D and branding centres

Apollo Tyres Ltd has opened a global R&D centre in Enschede, the Netherlands as well as a global branding centre in London, UK. Opened just days apart, the two moves follow earlier commitments to put European activities in the driving seat for passenger car tyre development and, in company chairman Onkar S Kanwar’s words, to fuse the company’s three cultures into one team. Hints towards increased OE activity and the potential of a more international investor base are also evident.

14th January 2013/by Tyrepress Editors

Conti opens Automated Indoor Braking Analyzer

Continental has opened the first fully-automated tyre testing facility in the world at Contidrom, near Hanover. In addition to the ability to perform braking tests without drivers, helping to test consistently for longer hours, Conti has built a 300x30m air conditioned hall to house the Automated Indoor Braking Analyzer (AIBA), reducing the influence of atmospheric conditions on test results. The manufacturer will also be able to control the friction coefficient, as the hall enables the company to switch the 75m surfaces used as a braking area, in addition to using a low temperature hall for testing on ice. The main hall is also fitted with a sprinkler system for wet testing. Conti estimates that the AIBA will perform around 100,000 braking procedures, on passenger car, van, and 4×4 summer and winter tyres, when fully operational.

3rd January 2013/by Tyrepress Editors

Thailand woos global tyre manufacturers

International News, News

Thailand, currently the world’s largest rubber producer with an output of 3 million tonnes/year, is seeking to attract investment from international tyre producers in an effort to promote its domestic market and simultaneously contain its rubber export volume. Deputy Agriculture Minister Yutthapong Charasathian invited tyre makers to come and construction manufacturing plants in the South East Asian country, saying the Thai government has already sounded out “leading tyre manufacturers in the US, China and Japan” to expand tyre manufacturing operations in the country.

2nd January 2013/by Tyrepress Editors

Agricultural success beckons in niches

“People in this world will always eat bread and rice,“ an agricultural tyre supplier said some years ago while participating in a panel of experts. However, it isn’t just the passenger car and truck tyre businesses that are vulnerable to negative conditions; the year following the Lehman collapse, 2009, showed that the agricultural tyre business was by no means recession proof. Investments in farming equipment and in tyres for these machines collapsed, however even back then it was clear that the market must bounce back at some stage as people will always need to eat. And that applies around the world, not just here. Because global populations are on the rise – we’ve already passed the seven billion mark – there is a corresponding increasing need for foodstuffs to be grown. Agriculture is a growth industry.

18th December 2012/by Tyrepress Editors

What’s different about desegmentation in the agricultural tyre sector?

The influence of non-premium brand tyre manufacturers and of non-European produced tyres has markedly increased in the wider European agricultural tyre market. Something else that the data suggests is that a degree of desegmentation has occurred because all this has been set against a series of financial crises in Europe and its respective national markets. Not only are there opportunities for those entering the right niche at the right time, it would seem that there are opportunities for those entering the market at a different position to the historically dominant players.

18th December 2012/by Tyrepress Editors

Birla shuts factory until year’s end

The Indo-Asia News Service reports that sluggish market conditions have prompted India’s Birla Tyres to temporarily stop operations at its Orissa state factory. The plant will remain closed until 31 December, an anonymous senior plant official told IANS. He added that Birla has stocks of almost 100,000 tyres that it is unable to sell. The company has reportedly stopped production for at least one week in every month since May due to low demand.

18th December 2012/by Tyrepress Editors

Apollo wins Asia Responsible Entrepreneurship award

In a ceremony held on the evening of 13 December, Apollo Tyres was conferred with Asia Responsible Entrepreneurship Awards (AREA) 2012 South Asia. The company received this award in the Health Promotion category for its HIV-AIDS initiative. Sunam Sarkar, chief financial officer, Apollo Tyres Ltd received the award from the Enterprise Asia Team.

14th December 2012/by Tyrepress Editors

DATL to supply China Eastern Airlines

Dunlop Aircraft Tyres’ joint venture facility in Jinjiang, China has secured a three-year deal to support China Eastern Airlines’ fleet of ten Embraer 145LI regional jets with new and retreaded tyres. The agreement will see the Shanghai-based airline receive new tyres made at Dunlop Aircraft Tyres’ factory in Birmingham; these will be distributed from and retreaded at the manufacturer’s joint venture company, Dunlop Taikoo (Jinjiang) Aircraft Tyres.

13th December 2012/by Tyrepress Editors