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Poland – most likely site for Apollo’s new factory?

Speaking at the launch of the Aspire 4G high performance tyre in Geneva, Apollo Tyres Ltd chairman and managing director Onkar Singh Kanwar reiterated the tyre maker’s commitment to European consumers. “While European companies are looking east, your company, Apollo, is focusing on Europe, and Europe will remain central to our focus,” he stated. “We will keep investing in production facilities, in technology, development and product launches to ensure that the best and most effective products are brought to you. Apollo will accelerate its growth momentum over the years to come.”

12th March 2012/by Tyrepress Editors

Conti buys out Indian brake JV partner

Continental AG has acquired the 50 per cent share of its Indian brake joint venture (Rico Hydraulic Brakes India Ltd) belonging to Rico Auto Industries Limited. In buying out Rico Auto Conti has made Rico Hydraulic Brakes into a fully owned subsidiary of Continental.

Since 2009 the plant in Gurgaon near New Delhi has been producing and supplying components for hydraulic brake systems to OEM customers in India. These include products and services consisting of calipers for front and rear axles, drum brakes, master cylinders, brake boosters and load sensing proportioning valves for all kind of passenger cars.

9th March 2012/by Tyrepress Editors

European-focus: Apollo Aspire 4G unveiled

Less than three years ago, Apollo Tyres acquired Dutch tyre maker Vredestein and set about developing a company that draws upon both firms’ strengths. Now, at this week’s Geneva Motor Show, Apollo Vredestein showed the world what its Netherlands and India-based research and development departments are capable of jointly achieving; the very first tyre to come out of this international collaboration – the Apollo Aspire 4G – was given its official debut on 7 March.

9th March 2012/by Tyrepress Editors

Indian CV tyre radialisation may reach 40% in two years

A number of Indian tyre makers have shared their views on commercial vehicle radialisation with the Financial Chronicle. Estimates of current radialisation levels within this sector vary between 18 and 24 per cent, and all who spoke to the newspaper believe the radial to cross-ply ratio will change dramatically in the coming years.

5th March 2012/by Tyrepress Editors

Michelin to offer motorcycle “trip of a lifetime” in promo

Michelin is running a web-based competition offering motorcyclists the chance to win a trip worth more than €20,000. The competition runs from 1 March to 30 April 2012. Michelin will also offer cashback to motorcyclists buying one or a pair of its Power Pure, Pilot Road 3, Anakee 2 or Commander II tyres in the next two months. The offer means that riders buying one tyre will be able to claim £10 and those buying a pair will be entitled to claim £25.

27th February 2012/by Tyrepress Editors

Dunlop India to “restructure” embattled Chennai plant

Dunlop India’s management plans to restructure its Ambattur, Chennai plant, currently closed after labour disputes and a worsening financial situation, under its Falcon Tyres associate company. The truck and bus tyre plant reopened in October 2009 after similar issues had forced it to halt production.

24th February 2012/by Tyrepress Editors

Dunlop India suspends production at Chennai

Dunlop India has announced the suspension of operations at its Ambattur, Chennai facility because of unrest in its workforce. The decision was taken after workers “practically resorted to illegal strike”, and management staff failed to report to work, fearing for their safety, according to local news sources. Dunlop India’s management say that despite a 2009 agreement with the Dunlop Factory Employees’ Union to bring down production cost to the minimum level at the plant, the union had manipulated attendance and payroll, causing the plant to incur heavy losses. While the plant is closed workers will not be paid, concludes the company.

22nd February 2012/by Tyrepress Editors

Bridgestone sponsors World Series Hockey

Bridgestone is to be the title sponsor of field hockey’s equivalent of cricket’s Indian Premier League, a competition designed to raise the profile of the sport in one of its key markets. The eight-franchise Bridgestone World Series Hockey competition starts on 29 February in Chandigarh, with the home Comets taking on the Bhopal Badshahs. The tournament will be broadcast in India on the Neo Sports network, with international coverage providers still to be announced. In addition to the 150 Indians, players will participate from around the world, including some from the UK, Canada, Australia, New Zealand and the USA.

22nd February 2012/by Tyrepress Editors

Sibur, Reliance JV to meet India’s synthetic rubber needs

The biggest petrochemical company in Russia and Eastern Europe has entered into a joint venture with India’s largest private company to produce butyl rubber. On 21 February Sibur and Reliance Industries Limited jointly announced their intention to establish a facility in Jamnagar, India capable of producing 100,000 tonnes of the substance per annum. The plant will be operated by the joint venture company Reliance Sibur Eleastomers Private Limited, which will be India’s first butyl rubber manufacturer and the world’s forth largest supplier.

22nd February 2012/by Tyrepress Editors

Work starts on Sumitomo’s South America plant

Ground breaking for Sumitomo Rubber Industries’ first tyre factory in Central and South America recently took place in Fazenda Rio Grande City, Brazil. A ceremony was held on 27 January to mark the commencement of work on the new plant, which is scheduled to start operation in October 2013. Around R$560 million (£206.8 million) is being invested in first-stage construction work at the plant. By the time this initial stage project is operating at full steam at the end of 2016 the Fazenda Rio Grande City plant will produce 15,000 passenger car radials per day (2,200 tons per month).

16th February 2012/by Tyrepress Editors

RTA launches new website

The Retread Tire Association has announced the launch of its new website, retreadtire.org. RTA's managing director, Harvey Brodsky says the site is a work in progress: “Our site will never be 'done' because we will be updating and adding to it on a regular basis.”

15th February 2012/by Tyrepress Editors

‘Support…fleet managers’, Bridgestone asks Truck Point network

Supporting truck fleet operators who are already under pressure from high fuel prices and increased competition is crucial over the next 18 months, delegates at Bridgestone’s recent Truck Point conference heard.

Just as Bridgestone is coming under greater pressure to supply tyres which help truck OE manufacturers meet their stringent European legislation on emissions, the network has a responsibility to support operators as they fight to preserve already tight margins in a tough market, according to Greg Ward, commercial sales director, Bridgestone.

14th February 2012/by Tyrepress Editors

Apollo sales up in Q3; margins remain under pressure

Net sales at Apollo Tyres increased 36 per cent year-on-year to Rs 32.28 billion (£404.75 million) in the third quarter of the 2011-12 financial year. In the three month period, which ended 31 December 2011, the tyre maker also achieved an operating profit of Rs 3.28 billion (£41.13 million), a rise of 18 per cent. Net profit, at Rs 980 million (£12.29 million), was 18.3 per cent down on the corresponding quarter a year earlier. Breaking net sales down by geographic region, the Indian tyre maker’s domestic operation generated revenue of Rs 20.93 billion (£262.43 million) during the quarter, up 46.2 per cent year-on-year, while European revenue rose 26 per cent to Rs 8.20 billion (£102.78 million) and South Africa revenue grew 28 per cent to Rs 3.83 billion (£48.04 million).

13th February 2012/by Tyrepress Editors

Ceat to open Bangladesh plant within two years

On 8 February Indian tyre maker Ceat Ltd informed the Bombay Stock Exchange that its Board of Directors has agreed on plans to establish a new facility in Bangladesh. The plant will be capable of producing 65 tonnes of tyres per day, the BSE filing stated.

9th February 2012/by Tyrepress Editors

JK Tyre looking to export regionally from new plant

Commercial production got underway at JK Tyre & Industries’ new plant in Chennai, India on 5 February. The company announced the facility’s entry into service at a press conference in Chennai the following day.

7th February 2012/by Tyrepress Editors