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Giti Tire USA Presents Debut Product Demonstration

Giti Tire USA certainly made a lasting impression with its very first product demonstration event in North America – blistering track speeds on a blistering hot day in Arizona, reports Tire Review. The company unveiled its new Champiro HPY ultra-high performance line at Firebird International Raceway, where air temperatures hovered around 106˚F and track asphalt temps were measured at 160˚F-plus. And based on the response of dealers and media attending the event and putting the new radial through its paces, the Champiro HPY lived up to its billing. Even after three lengthy road course driving sessions, the HPYs on a collection of BMW and Mercedes models showed no ill effects and none of edge feathering one would expect under such extreme conditions.

12th August 2010/by Tyrepress Editors

MRF Quarter Profits Halved Year-on-Year

India’s MRF Ltd reports net sales of Rs 19,254 million (£258.2 million) in the quarter ended June 30, 2010, an increase of 33.9 per cent compared with the same period last year. The tyre maker recorded an operating profit margin of 9.07 per cent, down from 18.09 per cent, and a net profit margin of 3.20 per cent, down from 8.74 per cent. Net profit in the quarter to June 30 amounted to Rs 615.90 million (£8.3 million) a drop of 51.0 per cent.

9th August 2010/by Tyrepress Editors

India to Host ANRPC Annual Rubber Conference

India has been chosen as the venue for the third annual rubber conference organised by the Association of Natural Rubber Producing Countries (ANRPC). The conference is to be held on October 6 in Cochin, Kerala State, and the organiser reports than more than 120 international participants have already registered to participate. The theme of the on-day conference is “Natural Rubber Industry in the New Decade: Opportunities, Challenges and Strategies”, and the ANRPC says it will be unique in providing an international meeting point and an ideal platform for meaningful interactions and networking between rubber industry players, policy makers, researchers and analysts across countries.

6th August 2010/by Tyrepress Editors

Germany’s Gumasol Becomes Ruia Group Subsidiary

On August 1 the German tyre component manufacturer Gumasol-Werke Dr. Mayer GmbH & Co. KG became a subsidiary of India’s Ruia Group. The firm will continue operation at its site in the Rhineland-Palatinate town of Germersheim under the name Gumasol Rubber-Tec GmbH and all 110 jobs at the plant have been retained. Gumasol describes its acquisition by the Ruia Group as “a new chapter” for a company “rich in tradition”, and comments that the incorporation of a previously medium-sized firm into an international enterprise “offers very good perspectives for Gumasol-Werke.”

5th August 2010/by Tyrepress Editors

JK Tyre to Erect £200 Million Greenfield Facility

A Memorandum of Understanding was signed on August 4 between JK Tyre and Industries and India’s Tamil Nadu Government for the establishment of a greenfield tyre factory within the state. The plant, to be established with an Rs 15 billion (£204.3 million) investment, will produce both passenger car truck and bus radials and have an annual capacity of 5.6 million tyres.

5th August 2010/by Tyrepress Editors

Birla Tyres Lockout Ends

Kesoram Industries Ltd has informed the Bombay Stock Exchange that the lockout at its Balasore factory in India’s Orissa state has been lifted. As of 6am on August 3 operations recommenced at the facility. A company spokesperson reported that almost 90 per cent of workers returned to work for the first shift. Tyre production will restart on August 4.

3rd August 2010/by Tyrepress Editors

Stamford Tyres Probing Markets for Increased Penetration following “Foundational” FY2010

Stamford Tyres is a business of two major halves. Firstly it runs a distribution business in nine countries including its home nation of Singapore; secondly it is the manufacturer of its SSW brand of wheels and the owner of its outsourced manufactured Sumo Firenza proprietary brand tyres, which it displayed in Europe recently at Essen 2010. “We help the plants with technical assistance, with our own designs for products, and we own our own tooling,” explained the company’s CEO and president, Wee Kok Wah when Tyres & Accessories interviewed him on his recent visit to London following Reifen 2010. “That way we can gear our capacity quite quickly and easily. We have a large team of engineers in China to deliver product quality assurance. The product meets the highest standard that you want.”

2nd August 2010/by Tyrepress Editors

Goodyear “On the Right Path” in Second Quarter

According to company president and chief executive officer Richard J. Kramer, Goodyear “pulled the right levers” during the economic downturn and is thus well positioned for growth opportunities presented by the recovery. “During the second quarter, we achieved significant progress across all our businesses, driven by a combination of sales growth and cost actions,” said Kramer during a conference call on July 29. “Versus the comparable prior year period, sales were up 15 per cent, units up 10 per cent and segment operating income was $219 million, an improvement of more than $190 million from the second quarter 2009.”

2nd August 2010/by Tyrepress Editors

Apollo at the “Cusp of a New Dawn”, states Onkar Kanwar

The 2009-10 financial year was, for Apollo Tyres, a year in which the company “walked new geographies, met different people, mingled with various cultures, learnt new lessons, and have been amply rewarded for our keenness to explore newer pastures and challenges.” These words from company chairman Onkar S Kanwar describe a period of massive change for the tyre maker, a time of transition that has seen Apollo emerge as an entity operating on a global level.

29th July 2010/by Tyrepress Editors

Rubber Costs Cause Shrink in MRF Quarter Profits

Net profit at India’s MRF Ltd dropped significantly year-on-year during the first quarter of the current financial year. The company recorded profits of only Rs 610 million (£8.41 million) in the three months to June 30, a much more modest figure than the Rs 1.26 billion (£17.38 million) achieved a year earlier. This profit slump occurred despite sales rising from Rs 14.34 billion (£197.59 million) in the first quarter of 2009 to Rs 19.244 billion (£265.26 million) this year.

28th July 2010/by Tyrepress Editors

Bridgestone India Safety Campaign Backed by Web Game

Bridgestone’s campaign to increase the safety consciousness of drivers in India has been reinforced with a new website. The site – www.thinkbeforeyoudrive.in – offers a simple Flash “Survivor Race” game, illustrating the gremlins lining India’s roads; a “Crash Test Garage”, which amusingly illustrates the dangers of driving without a seatbelt and other foolish mistakes; a section of “Safety Tips”, including downloads; and the ubiquitous link to join Bridgestone India on social networking websites Facebook and Twitter.

26th July 2010/by Tyrepress Editors

India Car Tyre Market to Grow 8.8% by 2014

Market research firm RNCOS is predicting that the Indian passenger car tyre market will grow an impressive compound annual growth rate (CAGR) of 8.8 per cent 2010 and 2014. According to the “Indian Tyre Industry Analysis”, the Indian tyre industry is one of the fastest growing industries in the world.

20th July 2010/by Tyrepress Editors

Lockout Declared at Birla Tyres Plant

India’s Kesoram Industries Ltd has notified the Bombay Stock Exchange of the declaration of a lockout at its Birla Tyres plant in Orissa as of July 16. This measure has been taken, the company says, in response to a strike that took place the previous day. In a corporate filing, Kesoram stated the workers “are forcibly squalling inside the factory premises of the said section in an illegal manner.”

20th July 2010/by Tyrepress Editors

First OE Tyres Shipped From Apollo’s Newest Plant

The first shipment of original equipment tyres left Apollo Tyres’ new factory in the city of Chennai. A batch of 500 Acelere passenger car tyres were despatched to Hyundai Motor India Limited on July 20. To mark the occasion, the Indian National flag and the Apollo flag were formally hoisted at the entrance of the Plant by Apollo’s chief of projects and unit head.

20th July 2010/by Tyrepress Editors

Apollo Holds Annual Monsoon Road Safety Campaign

Motorists in India have the monsoon season to contend with, but this season of deluge rains and strong winds can be more effectively tackled with planning and preparation. Therefore Apollo Tyres has run its ‘Mumbai Monsoon Safe Drive Campaign’ for a fifth consecutive year. Over a five day period in mid-July representatives from the tyre maker distributed safety handbooks at a number of locations in Mumbai, Vashi and Thane. The campaign initially got underway in 2006 following Mumbai’s disastrous monsoon season in July 2005, which claimed more than 400 lives.

20th July 2010/by Tyrepress Editors