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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

Mesnac establishes global sales and service network

International News, News

China’s Qingdao Mesnac Co., Ltd, the company said to be the world’s second largest supplier of tyre and rubber manufacturing equipment, has set up a new global sales and service network. Mesnac says rapid growth in China, Asia and internationally since the firm’s founding in 2000 made the establishment of the new Mesnac Global Sales and Marketing Company (SMC) necessary. Zheng Jiangjia, executive vice-president of Mesnac, has been appointed president of the new operation; Zheng will lead five regional sales and marketing teams, which will be located in China, Southeast Asia, India, Europe and North/Latin America.

11th December 2012/by Tyrepress Editors

Apollo launches 57-inch OTR tyre

The 11th International Mining and Machinery Exhibition (IMME) took place in Kolkata, India between 5 and 8 December. During the show Apollo Tyres launched the largest OTR tyre produced in the country, the XTRAX 40.00‐57.

10th December 2012/by Tyrepress Editors

Lower rubber prices push up Indian tyre shares

The Hindu Business Line reports that faling rubber prices in India led to shares in India’s major tyre makers rising up to five per cent earlier this week. The newspaper stated on 5 December that Apollo Tyres, MRF, JK Tyre and Ceat were amongst those to gain, and MRF stock hit an all-time high of Rs 11,892 (£135.32) on the Bombay Stock Exchange.

6th December 2012/by Tyrepress Editors

Own power plant to supply Apollo’s Oragadam factory

Apollo Tyres intends to supply its Oragadam factory in India’s Tamil Nadu state with electricity produced in its own plant. The company plans to establish a 15 Megawatt coal-based thermal power plant at the site; the facility will consist of two 7.5 Megawatt units. In a statement, Apollo said the plant will improve overall efficiency and reduce pollution compared with separate power generation and process steam generation.

4th December 2012/by Tyrepress Editors

New factories, upgrades – Apollo discusses $1b investment

Apollo Tyres has disclosed further details about its global expansion plans. Speaking with news agency Press Trust of India, vice-chairman and managing director Neeraj Kanwar referred to projects amounting to $US1 million. This investment will take place over the next half decade.

29th November 2012/by Tyrepress Editors

Conti seeking a global top spot

Continental’s tyre business – the German automotive supplier’s most important division – aims to intensify its competition with the top three global players over the coming decade or so. According to an article published yesterday by German financial daily Handelsblatt, growth in international markets as part of its ‘expansion strategy 2025’ will fortify the European market leader’s position in other regions.

28th November 2012/by Tyrepress Editors

Teams get first taste of Pirelli’s 2013 tyres

The first taste of Pirelli’s 2013 tyres for teams came during free practice in Brazil, with the Italian firm bringing two extra sets of prototype tyres in addition to the usual allocation. The teams used the 2013 prototype tyres, which were distinguished by orange writing on the sidewalls, in the morning session. The prototype tyres seen in Brazil have a different structure compared to the 2012 tyres, using the current hard compound, but with a quicker warm-up time as well as deliberately faster degradation.

26th November 2012/by Tyrepress Editors

Will Chinese manufacturers exploit US tariff end?

Tyrepress.com took the opportunity of Reifen China to discuss the effect on exports of the US tariff on Chinese manufactured tyres coming to an end on 26 September. While Tyrepress.com has often focussed on the introduction of EU tyre labels – which received mixed coverage amongst exhibitors in Shanghai – the effect of its introduction should be seen in the context of the US tariff’s end. The question isn’t just how Chinese manufacturers are dealing with tyre labelling restrictions, but whether they are altering export strategies based on demand created by the expiration of the three years of 35 per cent duty faced by importers of Chinese tyres in the US too.

26th November 2012/by Tyrepress Editors

ASEAN first, then Europe – Apollo

During an interview with an Indian publication, Apollo Tyres’ chief of India operations commented on plans to establish a Greenfield plant in the ASEAN (Association of Southeast Asian Nations) region in the near future, while a factory in Eastern Europe may follow a couple of years later. Speaking with the Financial Chronicle, Satish Sharma said a favourable volume outlook was a key motivating factor behind the company’s plans in Asia.

26th November 2012/by Tyrepress Editors

Reifen China, RubberTech visitors reach 12,000

The sixth Reifen China show took place at the Shanghai New International Expo Centre on 14-16 November, with two neighbouring halls housing RubberTech China 2012 simultaneously on an exhibition area of 11,500 square metres in total. Representing an increased number of nations, exhibitor stands included large displays near the entrance for leading Chinese manufacturers such as Double Coin, Shandong Linglong, Techking, Hangzhou Zhongce and Cooper Chengshan, while less familiar and almost brand new names mingled with visiting stands from India (Apollo) and Europe (Deldo, Interstate and Profil) in the rest of the hall. Joint organisers Messe Essen – responsible for Germany's market-leading Reifen show – and the China United Rubber Corporation welcomed visitors on the first day; the latter's general manager Ma Junhua said that Reifen China's "six years of previous success" was "inseparable" from the support of visitors and exhibitors. Overall, 112 exhibitors from 15 nations – newly including Poland and Russia – were present at Reifen China showing tyres, wheels and garage equipment.

23rd November 2012/by Tyrepress Editors

Apollo's Cooper plan stalled by concerned shareholders

India’s Economic Times reports that Apollo Tyres has “put on hold its plans of going ahead with the acquisition” of Cooper Tire & Rubber Co. Tire Review writes that the newspaper, which first reported about the possible acquisition deal back in October, reported yesterday that “sources with direct knowledge” said the plan was put on ice because Apollo “did not get a favorable response to its qualified institutional placement (QIP) from the institutional investors who were worried about the end-use of the funds.”

20th November 2012/by Tyrepress Editors