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Japanese Tyre Machinery Manufacturer Forms Indian JV

Japan’s Kobe Steel has formed a joint venture with India’s Larsen & Toubro Limited to manufacture and sell tyre production machinery in India. Called L&T Kobelco Machinery Private Ltd., the joint venture will make rubber mixers and twin-screw rollerhead extruders used in manufacturing tyres. Plans call for construction of the plant to begin in February 2011 and production to begin in October 2011. Approximately 500 million rupees (900 million yen) will be invested in the facility.

25th January 2011/by Tyrepress Editors

Two-Year Rubber Squeeze Predicted

The acceleration in demand for tyres in rapidly growing economies like China and India has led to a sharp increase in natural rubber prices over a sustained period, as a look at the tyrepress.com News archive will tell readers. Now climatic conditions in major rubber supplying nations Thailand and Indonesia could prevent production upgrades, potentially leading to shortages and further price increases, according to estimates made by the Association of Natural Rubber Producing Countries.

24th January 2011/by Tyrepress Editors

BKT Outlines Key Factors in “Success”

India’s Balkrishna Tyre (BKT) is setting some ambitious targets for its continued growth. In 2009 BKT held a 3 per cent market share in the off-highway tyres segment (comprising Agricultural, Industrial, Construction, Earth Moving Equipment, ATV and Lawn & Garden), with an expected share for the end of 2010 reaching 4.5 per cent, according to BKT. By 2015, the company hopes to reach a 10 per cent share. BKT has grown its turnover from $82 million in 2004, to $220 million in 2007 and $310 million at the end of 2009. The production value for the end of 2010 is estimated to be $450 million.

18th January 2011/by Tyrepress Editors

Apollo Signs Chennai MoU as Million Milestone Reached

Less than ten months after entering commercial production Apollo Tyres’ Chennai facility has produced its millionth passenger car tyre. The milestone tyre, an Acelere in size 185/65 R14, rolled off the production line on the evening of January 17 – one of some 7,000 PCR tyres and 1,300 TBR tyres manufactured that day.

18th January 2011/by Tyrepress Editors

Chinese Machinery Makers Look to Export Markets

International News, News

While much attention has been focused on the amount of tyres being produced in China in general and the rapid growth of the most professional Chinese tyre manufacturers, the machinery companies that supply them have kept their similarly meteoric rise somewhat beneath the radar. But while the tyre mould and machinery making companies have managed to avoid the limelight so far, some market observers argue that their growing influence should not be ignored.

14th January 2011/by Tyrepress Editors

Ruia PCR Plant JV Discussions “Very Advanced”

India’s Ruia Group has stated it is at a “very advanced” stage of discussion regarding a proposed joint venture with an international partner to build a passenger car radial factory. This information appears to confirm news published by the Calcutta Telegraph last November; the Indian newspaper reported that the Ruia Group was engaged in talks with Sumitomo regarding the construction of such a factory.

14th January 2011/by Tyrepress Editors

JK Tyre Seeking 20% Indian Market Share

Expansion work at JK Tyre & Industries’ facility in the city of Mysore and its new project near Chennai will be completed this year and are expected to help the company secure more than 20 per cent of India’s tyre market. Speaking to the Hindu Business Line newspaper, company marketing director A.S. Mehta said the two projects would help the company attain a higher market share through raising the Mysore plant’s capacity from 800,000 to a million tyres a year and from the 400,000 tyres a year expected to be coming out of the new Chennai plant by the end of 2011.

13th January 2011/by Tyrepress Editors

Latest Rhein Chemie Acquisition a ‘Springboard’ for Further Investments

In the coming years, Lanxess subsidiary Rhein Chemie plans to expand its production of curing bladders for the tyre industry. These plans have been given a boost by its acquisition of Argentina based curing bladder and release agent manufacturer Darmex S.A. for an undisclosed sum. As a result of the acquisition, Lanxess reports that Rhein Chemie will become one of the “world’s leading providers of release agents for rubber products in a highly fragmented market.” Rhein Chemie will also acquire Darmex’s bladder technology in Latin America, a key production hub for leading tyre manufacturers. The release agents and bladders belonging to Darmex will be branded under Rhein Chemie brand name.

12th January 2011/by Tyrepress Editors

T&A Visits Apollo’s Limbda and new Chennai Factories

If you cast your mind back to before 2009’s Apollo/Vredestein merger deal was announced there was much talk about plans for the construction of a greenfield tyre production plant in Hungary. Newspaper reports published at the time suggested that Apollo had earmarked around 200 million euros for this. Most observers interpreted the Vredestein purchase as being a substitute for the Greenfield plans, but bearing in mind that the pricetag was reported as being just US$ 50 million in June 2010, it raises the question of what was done with the rest of the money. The short answer is that Apollo executives say they have invested it in the construction and rapid development of its Chennai manufacturing facility, which had a budget of around 350 million euros before the firm decided to further its plans for truck and bus radial tyre production last year. Anything else looks like to have been absorbed by the company’s liabilities. However, regarding the Chennai investment Tyres & Accessories recently had the opportunity to tour the facility, see production in action and learn more about the thinking behind the investment.

10th January 2011/by Tyrepress Editors

January 12 Set as Record Date for Elgi Amalgamation

The Bombay Stock Exchange reports that on December 16 the Madras High Court of Judicature passed an order approving a scheme of amalgamation and arrangement between Elgi Rubber Company Limited and Treadsdirect Limited and Elgi Rubber International Limited and Titan Tyrecare Products Limited and Treadsdirect (India) Limited. This order was received by the company on December 29, 2010, and January 12 has been fixed as the record date to determine equity shareholders of the Company entitled to receive one Elgi Rubber International Limited equity share for every five equity shares held in the company.

4th January 2011/by Tyrepress Editors

Apollo Launches Commercial Range in Bangladesh

India’s Apollo Tyres has begun commercial vehicle tyre exports to neighbouring Bangladesh. Initial sales will focus on cross-ply tyres for heavy and light commercial vehicles and these products will be distributed through the Rahimafrooz Group, Bangladesh’s largest manufacturer and distributor of automotive and industrial batteries.

4th January 2011/by Tyrepress Editors

JK Tyre Capacity – and Prices – to Increase

Prices for JK Tyre and Industries products will increase by up to five per cent in the New Year as the tyre maker seeks to offset climbing raw material costs. India’s The Economic Times reports company vice chairman and managing director Raghupati Singhania as disclosing during the JK Tyre-organised Indian Car and Motorcycle of the Year awards that “we will increase tyre prices by four to five per cent from January to offset surging raw materials costs, especially natural rubber. Singhania added that the price increase applies to both passenger car radial and truck tyres and JK Tyre may implement further price rises should rubber prices continue to increase.

16th December 2010/by Tyrepress Editors

Michelin Sets Firm India Plant Plans

Groupe Michelin has formally committed to building its first tyre plant in India, to be located in Chennai. An agreement on the deal was signed December 6 during the visit of French President Nicholas Sarkozy.

9th December 2010/by Tyrepress Editors

Yokohama’s Gary Nash Talks OTR Tyres

This year, notes Yokohama Tire Corporation, has been a good one for Gary Nash. The 45-year tyre industry veteran was promoted to vice president of Yokohama’s OTR department in the US in 2010 and was elected to the Tire Industry Association’s (TIA) Hall of Fame. In an interview released by the tyre maker, Nash discusses the fluctuations that have taken place in the OTR market, why the bottom dropped out in 2009 and how it bounced back strongly in 2010, and what the market will look like in 2011.

9th December 2010/by Tyrepress Editors

Apollo Recipient of India Manufacturing Excellence Awards

The manufacturing practices employed by Apollo Tyres have been recognised at The Economic Times India Manufacturing Excellence Awards 2010. These awards, instituted by The Economic Times, the largest read financial daily in India, and global consulting firm Frost & Sullivan, are intended to identify the best manufacturing facilities in India and map manufacturing capability, highlighting areas for improvement, through an objective and well-structured assessment process. The key considerations for a good score include global benchmarking, performance as compared to competition, supply and service to customers, quality focus, manufacturing discipline and excellence, and areas of improvement across functions.

7th December 2010/by Tyrepress Editors