India Archives - Page 48 of 127 - Tyrepress

India

Posts

Liquidator takes control of Dunlop India assets

On 26 March the Calcutta High Court appointed a provisional liquidator to assume charge of the assets belonging to Dunlop India Ltd. This measure has stripped the company’s board of directors and chairman Pawan Kumar Ruia of the power to transfer further assets or property from the company. The court’s official liquidator will serve as provisional liquidator, and in addition to conducting an inventory of existing assets he will attempt to recover any prior Dunlop India asset transfers deemed to be fraudulent in nature; according to Justice Sanjib Banerjee, the liquidator will take steps to reclaim properties sold by Dunlop in 2006-07.

27th March 2012/by Tyrepress Editors

Conti launches new truck TPMS in the US

Continental Tire the Americas launched ContiPressureCheck, a new tyre pressure monitoring system specifically designed for commercial trucks in the US at the end of March. Unveiled at the Mid-America Trucking Show in Louisville, ContiPressureCheck constantly monitors the pressure and temperature of each tyre on the vehicle and provides real-time, on-demand tyre status information and to warn the driver of problems before they become a critical concern, according to the tyremaker.

26th March 2012/by Tyrepress Editors

Sonil Ventilfabrik's role in the TPMS supply chain

As is the case in any manufacturing business, production of the finished item usually represents the last link in a complex supply chain. Tyre Pressure Monitoring Systems (TPMS) are no different. So with a view to understanding a little more of the TPMS landscape, Tyres & Accessories contacted growing Indian valve and TPMS part supplier Sonil Ventilfabrik. The company's link to the segment is in the development and manufacture of what it calls "aiding accessories" to external TPMS sensors. The latest particular aiding accessory, also known as the T valve, has a dual purpose. It offers an additional port to mount TPMS sensors and is simultaneously used to fill tyres with air without removing the external sensor.

23rd March 2012/by Tyrepress Editors

EL PE Engineers in exclusive Transense deal in India

Transense Technologies plc has announced that its trading division, IntelliSAW has entered into an exclusive distribution agreement with EL PE Engineers, headquartered in Vadodara, India. EL PE currently provides advanced systems technology and engineering support for the electric power industry.

As part of this agreement EL PE will provide exclusive distribution for IntelliSAW’s innovative wireless/passive temperature monitoring system in the Indian market. In return for exclusive terms EL PE has agreed to a minimum revenue target over the next two years of US$375,000.

23rd March 2012/by Tyrepress Editors

Schaeffler reports record sales and earnings in 2011

Schaeffler Group has reported record 2011 sales of 10.7 billion euros and a 12 per cent increase in pre-tax profits to 1.7 billion euros. It is the first time in the company’s history that sales topped the 10 billion euro mark. Schaeffler Group directly owns a 49.9 per cent stake in Continental AG.

Commenting at the press conference where the news was announced, Schaeffler AG CEO Dr Juergen Geissinger said: “Following our success in 2010, we were able to further improve our earnings across the board in 2011. That demonstrates the dedicated commitment of our employees around the world. Our wide range of components and systems for the automotive and the industrial sectors puts us in a very good strategic position as a globally oriented company.”

22nd March 2012/by Tyrepress Editors

Eldan on hand to talk recycling at Reifen 2012

According to Ulrika Persson, global marketing coordinator at Eldan Recycling A/S, at Reifen 2012 the Danish company intends to focus on its new system for recycling mining tyres and further improved systems for steel cleaning. “Last year we also introduced a combi-system for recycling of tyre, cable and electronic waste, which we also plan to focus on,” shared Persson. “As always we will also present our standard equipment, which is always popular to discuss.”

21st March 2012/by Tyrepress Editors

Tyrexpo Africa draws satisfied response, schedules 2014

The organisers of Tyrexpo Africa have been pleased by the response to this year’s show at the Sandton Convention Centre in Johannesburg, South Africa. Over 140 delegates from more than 70 countries exhibited at the show, while total attendees for the three-day show numbered 2,652. ECI International sales director, Rowena Suthers stated that the company was “very happy with the overall exhibitor response”. ECI has confirmed that Tyrexpo Africa 2014 will take place at the Sandton Convention Centre on 4, 5, 6 March 2014.

16th March 2012/by Tyrepress Editors

Trial production starts at BKT’s Bhuj plant

BKT reports it has produced its first test batches of solid tyres at the company’s new Bhuj factory in India’s Gujarat state, and commercial production of tubes manufactured there has already commenced.

16th March 2012/by Tyrepress Editors

Anant Goenka takes over as Ceat MD

On 12 March Indian tyre maker Ceat Limited announced the appointment of incumbent deputy managing director Anant Goenka as its new managing director following the retirement of Paras K. Chowdhary from this position; Goenka will start in this new role on 1 April. Chowdhary will continue with Ceat as a full-time director.

14th March 2012/by Tyrepress Editors

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