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The label may counterbalance the end of US tariffs, says CRIA

On its Chinese-language website, the China Rubber Industry Association links the recently-expired US tariff on consumer tyres with the European tyre label – and refers to both as a “double whammy” for China’s tyre makers. The tariff, which the association also called an attempt at trade protectionism, is held responsible for China’s tyre passenger car and light truck tyre exports to the US dropping from 43 million in 2009 to 31 million in 2010 and 27.3 million the following year.

19th October 2012/by Tyrepress Editors

Bridgestone to invest in emerging markets

In its 18 October-announced Mid-Term Management Plan 2012, Bridgestone reported it plans to spend an average of 250 billion yen on capital expenditure projects, half of which will be for strategic tyre projects. Further to this company announcement, a Japan-based reporter for Reuters writes that in the 2013 calendar year Bridgestone will spend 280 billion yen (£2.2 billion) to expand capacity in emerging markets, including India and Thailand.

18th October 2012/by Tyrepress Editors

First phase of BKT’s Bhuj plant commissioned

India’s Hindu Business Line reports that the first phase of Balkrishna Industries’ new Bhuj facility has been commissioned and production at the site has begun. First phase capacity is 25,000 tonnes, with approximately 60 per cent of total capacity dedicated to the manufacture of radials. When in full production it will have a capacity of 120,000 tonnes. The company will boast a total annual capacity of 270,000 tonnes when the project is ready in 2015.

17th October 2012/by Tyrepress Editors

‘No comment’ replies drive further Cooper acquisition speculation

It’s now more than a day since reports of a potential Apollo Tyres acquisition of Cooper Tire & Rubber hit the headlines, and Tire Review observes there has been far more speculation than denial since then – which it says brings into question just what is happening. And while silence may be golden, the lack of comment – or even flat denial – from either party has led to all manner of speculation.

12th October 2012/by Tyrepress Editors

Acquisition report pushes Cooper shares upwards

Shares in NYSE listed tyre maker Cooper Tire & Rubber Co. gained seven per cent yesterday following the publication of news regarding a potential acquisition by India’s Apollo Tyres. Neither Cooper Tire nor Apollo Tyres has commented on the acquisition reports.

12th October 2012/by Tyrepress Editors

India introduces duty for Chinese, Thai cross-ply tyres

India’s Ministry of Finace has implemented anti-dumping duties on cross-ply tyres imported from China and Thailand. The duty will be in place for five years; tyres imported from Thailand will attract duties of $0.86/kg, while most cross-ply tyres from China will be liable to duties of $1.31/kg. Tyres produced in China by Hangzhou Zhongce Rubber Co Ltd will have a lower $1.12/kg duty.

11th October 2012/by Tyrepress Editors

Addo India preparing for European label

Eastman Industries Limited was present at CITExpo with its ‘Addo India’ tyre and battery brand. The company, which is headquartered in Ludhiana, in India’s Punjab state, produces and supplies a wide range of passenger car, truck, industrial OTR and agricultural tyres.

2nd October 2012/by Tyrepress Editors

Safety car dictates Singapore tyre strategy

Red Bull driver Sebastian Vettel took his second win of the season in Singapore with a two-stop tyre strategy, which prevailed following two safety car periods. Vettel started from third on the grid with the P Zero Red supersoft tyre and then completed two stints on the P Zero Yellow soft tyre, which had been nominated for the weekend. Vettel’s winning margin was nine seconds over McLaren’s Jenson Button, who adopted the same strategy, pitting four laps later for his first pit stop than Vettel.

24th September 2012/by Tyrepress Editors

Apollo launches ‘lifestyle’ rebranding

The Apollo tyre brand is being repositioned in order to, manufacturer Apollo Tyres shares, move the humble tyre from being a commodity and “grudge purchase” to a lifestyle product. In a handbook outlining its rebranding strategy, Apollo Tyres says its core brand idea centres on two things, namely “go the distance” and “safety.”

17th September 2012/by Tyrepress Editors

Three killed in Indian tyre plant fire

A fire at a plant operated by India’s TVS Srichakra Limited has killed three employees and injured five. The fire broke out at the company’s Madurai factory on 16 September. The Times of India reports that the three fatally injured workers were in the plant’s paint shop at the time.

17th September 2012/by Tyrepress Editors

Tyrexpo India to run 9-11 July 2013

Tyrexpo India 2013 is aiming to act as a global trade interchange offering companies access to the booming Indian tyre market when it is held 9-11 July 2013.

According to Tyrexpo India organiser Paul Farrant of ECI International, next July’s exhibition will encourage both inward investment and export opportunities.

13th September 2012/by Tyrepress Editors

Hamilton takes advantage of Pirelli durability at Monza

Lewis Hamilton recorded McLaren’s third consecutive win this year at the Italian Grand Prix, adopting a one-stop strategy to claim victory from Sauber’s Sergio Perez, who started from 12th on the grid, and used a different one-stop strategy to dazzling effect. Pirelli’s P Zero Silver hard tyre and P Zero White medium were the compounds available at Monza, and the two hardest tyres in the Formula One range showed good performance and durability. Hamilton ran 30 laps on the hard tyre at the end of the race, while the speed of the medium tyre – which Perez used for his 24-lap final stint – enabled him to lap more than two seconds faster than his closest rivals at one point.

10th September 2012/by Tyrepress Editors

Birla wage agreement reached

An agreement on contract labourers’ wages at Birla Tyres’ Balasore plant has been reached after prolonged negotiations. The Indian tyre maker and the union representing plant workers have decided upon a daily wage increase from Rs 92 to Rs 160 (£1.80) with the daily rate increasing to Rs 180 next January and Rs 200 from May 2014. The contract settled on 6 September will be valid until the end of July 2015.

7th September 2012/by Tyrepress Editors

Reifen China prepares for sixth show

When Reifen China opens the doors to the Shanghai New International Exhibition Center for the show between 14 and 16 November 2012, it will mark the sixth time that international tyre trade event has been held. And it comes at a good time for European buyers looking to connect with Chinese manufacturers as it is set against a backdrop of continuously increasing capacity and the relaxation of import tariffs against Chinese passenger car tyres bound for America.

5th September 2012/by Tyrepress Editors

Apollo Tyres joins TyreSafe

Vredestein UK managing director Stuart Jackson also serves as the chairman of TyreSafe, so it is safe to say he is pleased to welcome the safety organisation’s latest member – Vredestein’s parent company Apollo Tyres.

4th September 2012/by Tyrepress Editors