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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

Daimler India to fit JK tyres to Bharat Benz trucks

JK Tyre and Industries Ltd, India’s number three tyre maker, has reportedly secured an OE supply deal to Daimler India Commercial Vehicles Pvt Ltd, supplying tyres for its Bharat Benz trucks.

“The latest original equipment manufacturer (OEM) client for us is Daimler India that will be rolling out trucks at its plant here,” Raghupati Singhania, vice chairman and managing director, told reporters on Monday 6 February, according local news sources. Daimler India is expected to launch its trucks sometime in the middle of this year.

6th February 2012/by Tyrepress Editors

Research: Indian replacement tyre market to surpass 305 billion rupees 2014

Increasing numbers of vehicles on Indian roads will drive the Indian replacement tyre market past the 305 billion rupee (£4 billion, 4.8 billion, US$6 billion) value level, according to research conducted by TechSci research.

2nd February 2012/by Tyrepress Editors

Apollo reaches million milestone

This week the millionth truck-bus radial came off the production line at Apollo Tyres’ Chennai manufacturing facility. The TBR unit entered service in April 2010 with an initial production of 250 tyres a day; following a series of gradual ramp-ups a total of 4,000 tyres are now produced there each day. TBR tyres now account for 19 per cent of Apollo’s total commercial vehicle tyre production, a figure that mirrors India’s overall 20 per cent commercial sector radialisation level.

2nd February 2012/by Tyrepress Editors

Lanxess expands India production, opens head office

It’s been almost two years since Lanxess’ Jhagadia production site in India began supplying antioxidants to tyre industry customers, and now the range of products manufactured there has been expanded. Lanxess subsidiary Rhein Chemie has established a facility in Jhagadia for the production of the pre-dispersed rubber additive Rhenogran and the environmentally-friendly release agent Rhenodiv in Jhagadia. The plant was formerly located in Madurai, in India’s Tamil Nadu state, and is one of three new units being set up in Jhagadia. In total, Lanxess has invested more than 70 million euros there and created 300 new jobs. Jhagadia is Lanxess’ second largest production site in India after its site in Nagda in Madhya Pradesh state, and covers an area of 18-hectares.

31st January 2012/by Tyrepress Editors

AM Bromley launches TMS Log Graph software

AM Bromley has launched TMS Log Graph and enhanced TMS Internal Sensors for its Tire Monitor System for off the road vehicles. Manufactured independently by AM Bromley, the TMS System provides visible, real-time data to drivers and managers to help them return the best value on their outlay on tyres. The initial TMS range launched in 2005 and the company says it is now used by thousands of OTR vehicles across the world, with a “surge of interest from developing regions including India and China”.

27th January 2012/by Tyrepress Editors

Strike blamed for weaker Ceat profit

India’s Ceat Limited has released its results for the quarter between 1 October and 31 December 2011, a period in which net sales rose 18.2 per cent to Rs 10.48 billion (£132.45 million). Yet the tyre maker reports that “results for the quarter were adversely impacted by an illegal stroke of workers at [the] Nasik factory” which lasted from 30 September to 22 October. And when Ceat says results were adversely impacted, it means that quarter net profit sank 52.3 per cent year-on-year to Rs 23.90 million (£302,000).

25th January 2012/by Tyrepress Editors

Indian fleets honoured at Apollo awards ceremony

On 23 January Apollo Tyres held its inaugural Apollo Fleet of the Year awards. With the awards, the tyre maker’s aim was to acknowledge the importance of safety, technology, sustainability and customer service initiatives to fleet operators in India. Taking away the large operator award was VRL Logistics, while Sangha Freight Carrier secured the honour in the medium operator category. The two top winners and other awardees were selected from more than 5,140 entries received from fleet operators across India.

24th January 2012/by Tyrepress Editors

Indian tyre market turned over £3.8b last year, states MRF

In its recently released annual report for the 2010-11 financial year, MRF Tyres estimates the entire Indian tyre industry’s annual turnover as being Rs 300,000 million (£3.8 billion), with exports accounting for Rs 36,000 (£455.8 million) of this. MRF states that during the year to the end of September 2011 an estimated 119.2 million tyres were produced in India by 39 tyre companies; the ten largest of these produced 95 per cent of this these.

19th January 2012/by Tyrepress Editors