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Sibur, Reliance Industries Enter Butyl Rubber JV

India’s Reliance Industries Ltd. and Russian petrochemical company Sibur have signed a Memorandum of Understanding (MoU) to establish a joint venture in India to produce butyl rubber at Reliance’s integrated petrochemical site in Jamnagar, Gujarat state. According to the MoU, Sibur will provide proprietary technology for butyl rubber polymerisation and its finishing, while Reliance will supply monomers and provide the infrastructure and utilities for the venture.

17th May 2010/by Tyrepress Editors

Michelin Will Take Role in Industry Consolidation

Michelin wants to play its part in the consolidation of the tyre industry, the company’s director of financial operations, Marc Henry told Germany's Boersen-Zeitung. According to these reports and others circulated by the Reuters news agency, Michelin will not simply remain an observer, “depending on the possibilities” of the market. Nevertheless this does not mean the company is likely to surrender its "societe en commandite par actions" status which protects it from takeover attempts as it concentrates power in the hands of the company's founding family.

12th May 2010/by Tyrepress Editors

Michelin to Open First Retread Factory in Oman

Michelin is planning to open “the first retread factory of importance opened in the Arabian Gulf, outside of the Kingdom of Saudi Arabia” in Oman. The truck tyre retread plant is expect to produce over 10,000 retreads a year combining “Michelin know-how and competent expert hands.” According to AMEInfo, the project is being enacted in partnership with Moshin Haider Darwish, Muscat, Sultanate of Oman; Central Trading Company, Dubai, United Arab Emirates; and Central Motors and Equipment, Abu Dhabi and United Arab Emirates.

10th May 2010/by Tyrepress Editors

Continental Eyes India and Russia

International News

A report on the Bloomberg Business Week website suggests that Continental AG will decide this year on building car-tyre plants in India and Russia to tap those countries' growth while avoiding import restrictions. In an interview, Nikolai Setzer, head of Continental's car-tyre unit, said: "It's obvious that we need to have local production in India and Russia if we want to be a strong player there. We are still evaluating different concepts and ideas, but we do want to have a decision this year."

10th May 2010/by Tyrepress Editors

Al Dobowi to Devote Space to Westlake

While tyrepress.com already reported that the Westlake brand would be represented by its Central European distributor, Diamond Tire, the Hangzhou Zhongce Rubber manufactured brand will also be in Hall 3 at Reifen 2010. The Westlake tyre portfolio is distributed by Eskay Tyres, which is part of the Dubai-based Al Dobowi Group, which promises Westlake will be a “focal” point of its stand – Hall 3, Stand 229.

7th May 2010/by Tyrepress Editors

Apollo Tyres to Raise Prices in June

Apollo Tyres has confirmed it will increase tyre prices again by 4 per cent in June after already hiking prices by 3.5 per cent on 1 May, reports Tire Review. The company cited increases in natural rubber and crude oil costs as the reason for the successive price hikes. Citing similar input cost pressures, Apollo had increased prices 2 per cent to 4 per cent in April and 3-5 per cent in January.

5th May 2010/by Tyrepress Editors

BKT Appoints Kirkby Tyres as Official Distributor

After many years of association with the Alliance and Double Coin brands, Kirkby Tyres reports that the company is “delighted to welcome BKT into the family for OE and aftermarket replacement.” With the head office on a five acre site next to John Lennon airport in Liverpool, offices in Scotland, Ireland and China, the 62 year old Kirkby Tyres recently embarked on an expansion programme. As a result the company has undergone recruitment and organisational changes in several all areas, from marketing to technical support.

One such appointment is that of Ilan Goldstone who has taken on the role of Alliance and Double Coin brand manager. A BSc Hons management graduate, he reportedly has extensive experience in the automotive industry. “As a company I believe we are in one of the best positions in the market. With Alliance gradually moving production to India it’s exciting times, the range will be bigger and better and of course, even more competitive.”

4th May 2010/by Tyrepress Editors

Michelin Looks to Increasing Sales, Expects Demand Increase

Michelin has released its first quarter financial report with the figure of 3.9 billion euros in net sales (representing an increase of 12.2 per cent) riding high on its statement. The manufacturer has seen a decent return to favourable comparatives a year after the depth of the financial crisis dominated most balance sheets, though European original equipment truck sales were a notable exception, down 1.2 per cent (including figures for Russia and Turkey. In comparison, year-on-year change in the segment in all other regions was up, most spectacularly in South America (up 56.9 per cent) and Asia (up 24.2 per cent). The European passenger car and light truck OE segment was much stronger, with 30.2 per cent rises in net sales.

30th April 2010/by Tyrepress Editors

Bridgestone Holds G-MEC Opening Ceremony

On April 28 Bridgestone held an opening ceremony for its Global Manufacturing Education Center (G-MEC) in the Bridgestone G-MEC Building, a training building established in Kodaira City, Tokyo. The ceremony, held at the newly opened G-MEC Building, marked the official launch of the new G-MEC training and education programme.

28th April 2010/by Tyrepress Editors

Omni United Has European Markets on its Radar

Omni United, one of Singapore’s fastest growing tyre companies is aiming to use its presence at Reifen 2010 (Hall 2-06) to extend the reach of its Radar brand into Europe. Omni reports that it will be seeking new customers and will also be launching its new passenger, light truck, SUV and the UHP lines into the European market at the show. The company manufactures the Radar brand in Indonesia, India and China. Omni says it aims to ensure products reach their destinations on time, every-time with advanced supply chain management systems.

27th April 2010/by Tyrepress Editors

Bridgestone India Raises Output, Implements 3.5% Price Hike

Bridgestone has said that it will produce 1,500 more tyres per day and raise the price of its tyres by 3.5 per cent in India, according to a newswire issued by Dow Jones. The rise comes on the back of increased raw materials prices, Bridgestone India general manager of sales and marketing, Vaibhav Saraf told the assembled throng at a news conference, Dow Jones NewsPlus reports.

26th April 2010/by Tyrepress Editors

IFC to Invest in Apollo Greenfield Plant

The International Finance Corporation has agreed to partially finance Apollo Tyres’ new greenfield facility in Tamil Nadu, India. On April 22 the World Bank organisation stated that, pending the consent of its Board on May 26, it will furnish Apollo with a financial package of US$60 million. Phase 1 of the plant, located in Oragadam near Chennai, is nearing completion, and the commercial production of tyres there began in the first week of March 2010.

26th April 2010/by Tyrepress Editors

Indian Manufacturers Announce Price Increases

Indian tyre makers are putting up prices in response to the continued rise in the cost of natural rubber. Apollo Tyres is said to be increasing prices by between two and four per cent, although one online source states the Apollo prices will rise by up to seven per cent as early as May. During an interview, company vice chairman and managing director Neeraj Kanwar said further increases cannot be ruled out should the cost of rubber continue its upward course.

21st April 2010/by Tyrepress Editors

Al Saeedi Expands into Africa With Tyrexpress Operation

Al Saeedi Group, a leading Middle Eastern tyre distributor, has expanded its operations into Uganda. The UAE based company set up Tyrexpress (U) Ltd. on 13 April 2010. The company was inaugurated by Niraj Srivastava, High Commissioner of India in the presence of company directors, distinguished guests and customers.

19th April 2010/by Tyrepress Editors

Rubberking Anticipates Increased African Presence

Rubberking Tyres India reports a successful 2010 show: "Tyrexpo Africa has always been a good platform for us to establish and promote our tyre brand and product range to the African market,” stated Dipti Jambhekar, Rubberking’s senior executive of international sales. “Though the number of visitors appeared to be less than normal, we were able to generate some serious quality inquiries, revive our relations with old customers and network with our existing ones.

16th April 2010/by Tyrepress Editors