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Schaeffler Announces Asia Expansion Plans

The Schaeffler Group – the German company best known to us for its dealings with Continental – has given news of its plans to carry out further expansion in Asia, an area in which it says localisation is opening up additional opportunities for growth. Investments totalling 300 million euros will be made in this region, including the construction of two factories in China to supplement the existing manufacturing facilities there which are operating at full capacity, and one factory in India. Construction of the new factories is to be completed by 2012. Research and development capacities in Japan and India will be expanded as part of the investment, and production capacity at the company’s eleven existing manufacturing locations (in China, India, Korea and Vietnam) will also be increased.

20th July 2010/by Tyrepress Editors

Natural Rubber Production Growth Slower than Expected

Data and estimates from the Association of Natural Rubber Producing Countries (ANRPC) indicate global supply of natural rubber will grow this year at a slower rate that previously anticipated. Forecasts based on preliminary estimates and reports available up to mid-June point to a 5.2 per cent growth, lower than the 6.3 per cent rate anticipated in March and 6.1 per cent rate anticipated in May.

14th July 2010/by Tyrepress Editors

XLite Wheels Gains Truck OE Approval

Wheels India’s latest forged aluminium commercial vehicle wheels, distributed under the xlite name in UK and Europe by Manchester-based Motor Wheel Service, have received OE approval. According to the company, three sizes (8.25 x 22.5 inches, 9.00 x 22.5 inches and 11.75 x 22.5 inches) have been awarded the accreditation. The process to obtain certification took four years.

13th July 2010/by Tyrepress Editors

Indian Tyre Shortage Non-Existent, say Tyre Makers

An article printed by India’s DNA indicates that the country’s alleged tyre shortage is actually non-existent. In introducing the topic, DNA comments that while vehicle manufacturers such as Tata Motors and Ashok Leyland have blamed domestic market tyre shortages for their increased reliance upon tyres imported from China, the tyre makers themselves see the situation differently – DNA states that officials from Apollo Tyres, JK Tyres and Ceat all say there is no tyre shortage in India whatsoever. Instead, the issue centres on the vehicle manufacturers’ unwillingness to pay more for domestically produced tyres than they would for those imported from China.

12th July 2010/by Tyrepress Editors

Russian Tyre Prices to Rise 5 – 10%

The global tendency towards increased tyre prices could also be affecting product costs on the Russian tyre market. According to a poll conducted by Russian website topof.ru, manufacturers “unanimously speak about escalating costs of raw materials, produced both in Russia and abroad.” For companies that import their products from abroad increased transportation costs are said to be a problem. Besides the standard currency fluctuations, tariff rates are reportedly another important factor. The result: “an average delivery costs increase [of] 15 per cent.”

8th July 2010/by Tyrepress Editors

BKT Continues Off-Highway Market Growth

In the off-highway tyre sector, Balkrishna Industries Limited – better known as BKT – is going from strength to strength. When Tyres & Accessories met with senior BKT management at the Reifen 2010 show, we learned the Indian manufacturer holds the ambition of attaining segment leadership within five years and a ten per cent market share. And as the top men at BKT outlined, this goal is no idle dream.

8th July 2010/by Tyrepress Editors

Sonil Ventilfabrik Hosts 27th ITTAC Meeting

Sonil Ventilfabrik recently hosted the 27th Meeting of the Indian Tyre Technical Advisory Committees (ITTAC) Tube & Valve Sub-Committee. The event was held at the Sugati Beach Resort between 1 and 2 July.

8th July 2010/by Tyrepress Editors

India – Demand for Tyres Expected to Increase 20%

Demand for tyres in India is expected to grow 20 per cent in the 2011 financial year, the Economic Times newspaper reports. This current fiscal figure is two per cent higher than in the previous financial year, and is said to be taking place on the back of strong demand for vehicles across all segments.

5th July 2010/by Tyrepress Editors

Alliance ‘Well Placed’ for Global Growth

Between establishing a new factory in India and acquiring assets from GPX in North America, the Alliance Tire Group (ATG) has been busy in the last couple of years. And in terms of new products, this momentum is continuing. At the Reifen 2010 show Tyres & Accessories learned the company originally intended to bring along all the new tyres it’d released in the previous four months. “But then we realised there’d would have been no space on our stand for anything but tyres,” said an Alliance representative. “Our range is growing very fast.”

2nd July 2010/by Tyrepress Editors

Lanxess Boosting Butyl Rubber Capacity in Belgium

Production capacity at Lanxess’ butyl rubber facility in Zwijndrecht, Belgium is to be expanded by ten per cent to meet growing global demand for butyl and halobutyl synthetic rubber. The company has announced its intention to invest 20 million euros to lift annual capacity by 14,000 tonnes to around 149,000 tonnes, with the required work being mainly undertaken during a scheduled plant turnaround in the third quarter of 2011. The changes necessary to accommodate this higher capacity are anticipated to be in place and completed in the second quarter of 2012, and Lanxess comments the plant will produce a “superior quality” of butyl rubber.

28th June 2010/by Tyrepress Editors

Apollo Does “Good Business” with Vredestein – Purchase Price Revealed

It is not just Apollo Vredestein CEO Rob Oudshoorn that considers Apollo Tyres’ acquisition of the Dutch tyre maker to have been “good business”.

25th June 2010/by Tyrepress Editors

Apollo Shares up Following Lockout Reassurance

Following news of the lockout at Apollo’s Kerala, India-based facility, shares in the company fell by around six per cent, but management reassurances that the company would make up the production deficit elsewhere and 85 per cent of the Perambra workforce wanted to return to work have pushed share prices to levels experienced prior to the lockout, according to financial news sources.

23rd June 2010/by Tyrepress Editors

Dunlop Nigeria Seeks Government Bailout, Buyers for Equipment

The company formerly known as Dunlop Nigeria, now known as DN Tyre and Rubber Plc, is looking an increasingly unlikely candidate for reopening its tyre manufacturing plant – shut since December 2008 – with a request for a governmental intervention fund of 10 billion naira as yet unheeded and the company searching buyers for its “multi-billion naira” manufacturing equipment.

22nd June 2010/by Tyrepress Editors

Plane Tyre Bursts On Landing

In India, the passengers of a Delhi-Srinagar IndiGo flight had a lucky escape when a tyre on the plane burst during its landing at Srinagar airport. The IndiGo airlines flight No.6E had 160 passengers on board and a major tragedy was averted when the pilots were able to land the flight safely. Airport officials said the IndiGo return flight from Srinagar to Delhi would take off only after extensive technical checks had ensured the plane's airworthiness.

22nd June 2010/by Tyrepress Editors

BKT, Elgi Rubber and Omni United Commit to Inaugural Tyrexpo India 2011

The first major exhibitors at the first Tyrexpo India in Chennai on 5-7 July 2011 have been announced. Exhibition organiser ECI International states that Balkrishna Tyres (BKT), Elgi Rubber and Omni United have become the first major companies to commit to supporting the inaugural staging of the new tyre and equipment exhibition. ECI says the ground-breaking event reflects India’s fast-growing importance and influence in the global tyre, rubber and equipment market.

22nd June 2010/by Tyrepress Editors