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BKT celebrates silver jubilee, introduces Bhuj site

Taking place in the beautiful surroundings of Düsseldorf’s Schloss Eller, BKT celebrated its Silver Anniversary in style on the evening of 5 June. The Indian OTR tyre manufacturer, distributed in the UK by Kirkby Tyres and RH Claydon, numbers Europe “one of its strongest markets”; the company’s representatives say that nearly 50 per cent of its sales go into the continent. The company was publicising its new production plant in Bhuj, Gujarat in Western India, having invested $365 million in the new plant, partially self-financed. The company exemplified its green credentials introducing the plant by showing that part of its investment is devoted to a large green area and clean energy and water treatment plants are anticipated as additions to the current production plant and research and development centre.

2nd August 2012/by Tyrepress Editors

Ceat sales up 10%

India’s Ceat Tyres has posted a consolidated net profit of Rs 290 million (£3.3 million) for the quarter ending 30 June. Net sales increased to Rs 12.2 billion (£139.9 million) during the three-month period. “Despite relatively weak market conditions due to lower OEM demand, rising fuel costs and depressed economic sentiments locally as well as globally, we managed to close the first quarter of this fiscal year on a positive note,” commented Ceat managing director Anant Goenka. “We will continue to focus on improving our product mix and operational efficiencies. In FY13, our priorities will be to ramp up our radial plant at Halol to full capacity, strengthen the brand and expand internationally.”

1st August 2012/by Tyrepress Editors

JK Tyre ‘zeroing in’ on rubber plantation acquisitions

In addition to reporting its financial results for the quarter ending June 30, at JK Tyre & Industries’ annual general meeting the company shared its plans to acquire natural rubber plantations in Southeast Asia. Vice-chairman and managing director Raghupati Singhania told the broadsheet DNA at the 30 July meeting that the tyre maker has identified plantations of interest in Malaysia, Indonesia and Vietnam and is “now zeroing in on them.” The company intends to source 10 to 15 per cent of its natural rubber from these plantations.

31st July 2012/by Tyrepress Editors

Hamilton fastest as rain follows Formula One to Hungary

Formula One’s stay in Hungary’s Hungaroring this weekend for the country’s Grand Prix has started as per previous weekends in the UK and Germany; with rain affecting free practice sessions. With the P Zero White medium tyre and P Zero Yellow soft tyres the nominated tyres, Pirelli saw the intermediate Cinturato Green tyres used more than had been hoped, though ambient temperatures of 29°C and 45°C track temperatures, the drivers used what dry running time they had on Friday to assess the performance and degradation levels on both tyres, using a variety of fuel loads. Pirelli says this information is more crucial than usual in Hungary, as it is very difficult to overtake on the tight and narrow track. There was also significant surface evolution on the underused circuit over the course of the day as more rubber was laid down.

27th July 2012/by Tyrepress Editors

Govind Rubber expands with India plant, Netherlands subsidiary

Tyre and tube manufacturer Govind Rubber Limited has announced an 8.5 billion rupee (£97 million) expansion plan for its. GRL is setting up a Greenfield project in Gujurat, near Dahej, taking up most of the capital investment (approximately 7.5 billion rupees/£86 million). Chairman and managing director Vinod Poddar said “The plant will have a production capacity of 225 tonnes per day,”

25th July 2012/by Tyrepress Editors

Steinbichler presents Intact tyre testing system

German firm Steinbichler Optotechnik GmbH of Neubeuern has been engaged in the supply of high-precision optical measuring and sensor technology for quarter of a century and the tyre industry, along with the automotive and aviation industries, is a main beneficiary of its solutions. The company reports a successful week at June’s Reifen 2012 trade show and says this year’s show delivered even better results than previous events. The show also offered Steinbichler an excellent opportunity to present its new ‘Steinbichler Intact’ tyre testing systems to existing and prospective customers.

23rd July 2012/by Tyrepress Editors

Trelleborg declares Q2 a ‘strong quarter’

Trelleborg president and CEO Peter Nilsson has reported a “strong quarter” for the Swedish company. During the second quarter of 2012 the firm’s sales rose slightly to SEK 5.66 billion (£520 million) while operating profit increased 34 per cent to SEK 875 million (£80 million). Net profit amounted to SEK 712 million (£65 million).

19th July 2012/by Tyrepress Editors

Europe to head Apollo PCR research following restructuring

Recent restructuring to Apollo Tyres’ Research and Development team is aimed at creating “synergy and greater alignment to the company’s growth aspirations, and to generate speed and relevance while entering new markets,” the tyre maker states. Apollo has restructured its team across the three key regions where it operates and established a structure in which the development of commercial vehicle tyres will be directed from India and passenger car tyres from Europe. The heads of both operations will report directly to Neeraj Kanwar, vice-chairman and managing director of Apollo Tyres.

16th July 2012/by Tyrepress Editors

Michelin falls foul of NGOs in India

French catholic NGO CCFD-Terre Solidaire reports that it and two Indian partners, the Tamil Nadu Land Rights Federation and Thervoy Sangam, together with NGOs Sherpa and the CGT, have reported Michelin to the Organisation for Economic Co-operation and Development for alleged violation of the OECD Guidelines for multinational enterprises. In a press statement dated 10 July, CCFD-Terre Solidaire accuses the tyre maker of not taking the needs and heritage of the local Dalit people – better known to the world as the Untouchable caste – into adequate consideration while erecting its plant in India’s Tamil Nadu state.

16th July 2012/by Tyrepress Editors

Lower domestic demand prompts Japan’s tyre makers to look abroad

Japan’s Jiji Press writes that the country’s tyre makers are increasingly moving production offshore to escape diminishing sales at home. According to the news service, a shrinking domestic market and an aging population are teaming up with the high yen to decrease demand for Japanese-produced tyres. As a result of this, a number of Japanese tyre manufacturers have shifted production overseas to locations where demand is higher.

16th July 2012/by Tyrepress Editors

Anti-dumping policies push Hangzhou Zhongce towards overseas production

Shen Jin-Rong, chairman of Hangzhou Zhongce Rubber, has spoken out in opposition to anti-dumping measures against Chinese tyres undertaken by countries such as India, Brazil and Colombia. Chen declared that such measures “do not work” and announced Hangzhou Zhongce will establish a manufacturing facility outside of China “mainly in order to circumvent anti-dumping.” Thailand has been named as the location for this new plant; Hangzhou Zhongce says it will erect a factory on a 67 acre site there at an investment cost of RMB 1 billion (£102 million).

13th July 2012/by Tyrepress Editors

5.3% growth for India’s tyre industry in previous financial year

In its July 2012 report into India’s tyre industry, ICRA Research Services states that “changing revenue mix and softer rubber price” will “pay dividends.” The investment and credit rating agency observes that rubber prices have declined from their peak of around Rs 240 (£2.79) per kilogram at the start of the 2011-12 financial year (April 2011), easing to approximately Rs 195 per kilogram in November and then stabilising at between Rs 185 and Rs 200 per kilogram.

13th July 2012/by Tyrepress Editors

Emin Ozkan new MD of Goodyear Turkey

The Goodyear Lastikleri Board announces the appointment of Emin Ozkan as managing director Goodyear Lastikleri TAS, Turkey, effective 30 July 2012, reporting to the board of Goodyear Lastikleri TAS.

12th July 2012/by Tyrepress Editors

Additional delay for Birla Tyres’ pcr project expected

In its results for the quarter ending 31 March 2012, India’s Kesoram Industries reported pushing back the completion date for its Birla Tyres passenger car radial and truck and bus tyre radial projects, but now the pcr capacity expansion project may face further delays. The IANS news service reports comments made by Birla Tyres CEO Arvind Singh on the sidelines of the company’s Annual General Meeting; Singh told journalists that Birla has “not yet decided” when the passenger car project – which through a Rs 7.5 billion (£87.1 million) investment would have given its Balasore plant a daily pcr capacity of 80 tonnes – will be commissioned. “We are considering the present market conditions,” he said.

12th July 2012/by Tyrepress Editors

Maxxis Conference aims to help African, Asian dealers grow brand

Maxxis has shared details of the latest meeting of its Asian and African subsidiary companies’ representatives and distributors, who assembled in Pattaya, Thailand between 25 and 27 June. The meeting was the inaugural Maxxis Asian & African Distributor Conference, and Maxxis says it aimed to generate and share ideas to drive the tyre manufacturer’s business forward. Maxxis titled the conference, “Rev It Up – Beyond All Limits” to highlight the need for its partners to play a vital role in “creating momentum, overcoming current limits and achieving greater goals”.

11th July 2012/by Tyrepress Editors