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GiTi Tire holds 2012 Dealer Conference at Reifen 2012

Immediately preceding the Reifen 2012 show at which its GT Radial brand had an impressive Hall Three stand, GiTi Tire held its Dealer Conference at which future growth plans were discussed for the GiTi Group’s full portfolio of products. Managing director Europe, Richard Lyons said that its European operation will continue to grow profitability in 2012 and 2013 by gaining volume share in mature markets and achieving breakthroughs in emerging countries. Speaking at the GiTi Dealer Conference at Reifen 2012, Lyons stated that these goals would be achieved in unprecedented economic times by the continued introduction of high quality products with premium performance, a first-class level of service and an improved value-proposition.

5th July 2012/by Tyrepress Editors

Q4 production start for Hankook’s Indonesian factory

Upon visiting Hankook Tire’s global website, one of the first things to be seen is a positions vacant advertisement for PT. Hankook Tire Indonesia’s new factory in West Java, indicating that a start to production lies just around the corner. A senior Hankook manager has now confirmed to local media that commercial operations at the Lippo Cikarang plant will begin in the last quarter of 2012 with a workforce of around 1,200.

5th July 2012/by Tyrepress Editors

Bridgestone breaks ground on Vietnam plant

On 2 July Bridgestone celebrated the groundbreaking of its new passenger car tyre facility in Vietnam, the company’s first factory in the country. The ceremony at the chosen plant site in the Dinh Vu Industrial Zone, Hai Phong City, was attended by the Vietnam’s Deputy Prime Minister, Hoang Trung Hai, along with other government officials and management from Bridgestone’s business partners. Representing the tyre maker at the ceremony were Kazuhisa Nishigai, Bridgestone Corporation COO and Representative Board member, and Susumu Yazaki, president of Bridgestone Tire Manufacturing Vietnam Limited Liability Company.

2nd July 2012/by Tyrepress Editors

Tyre prices stable, local product demand rising in SE Asia – GfK survey

International News, News

Market research firm GfK Asia has released a report on the performance of four emerging Southeast Asian tyre markets in the first quarter of 2012; the company found that demand for replacement tyres in the countries investigated – Indonesia, Malaysia, Philippines and Thailand – increased 14 per cent between January and March in comparison with the October to December 2011 quarter. According to GfK’s retail tracking of replacement passenger car tyres across a number of cities within the four countries, some 2,557,600 tyres were replaced in the first three months of the year.

28th June 2012/by Tyrepress Editors

Multistrada to form industrial estate subsidiary

The Jakarta Globe reports that Multistrada Arah Sarana intends to diversify into industrial real estate. The tyre maker is believed to be making this move in response to alleged Indonesian government plans requiring all manufacturers to relocate to industrial estates before December 2012. Company president Pieter Tanuri said the new subsidiary will be called Kawasan Industri Multistrada and will build an industrial estate on 210 hectares of land near Jakarta. While Tanuri has not disclosed the level of investment Multistrada is making in the project, the company president said he expects construction to be complete by December 2014.

26th June 2012/by Tyrepress Editors

Goodyear acquisition, investment to support Asia-Pacific OTR growth

Earlier this month, Goodyear Tire & Rubber announced it now holds 100 per cent ownership of its Nippon Giant Tire (NGT) subsidiary in Tatsuno, Japan. The tyre maker has been the majority shareholder in NGT since 1985 and purchased the shares owned by its joint venture partners, Toyo Tire & Rubber Co., Ltd. and Mitsubishi Corporation, for an undisclosed amount. Goodyear now plans to invest US$250 million to upgrade and expand NGT’s tyre manufacturing facility in order to increase its global supply of OTR tyres for key customers.

18th June 2012/by Tyrepress Editors

GT Radial demos tyres to dealers at MIRA

The UK’s major centre of excellence for vehicle research and development also houses the world’s ninth biggest tyre company, GITI Tire’s European Technical Centre; in May Tyres & Accessories joined representatives of the company and its UK dealers in visiting the site for a demonstration of its current high performance passenger tyre range. With an eye for the spectacular, the company’s test drivers at MIRA demonstrated the performance characteristics of current products such as the Champiro HPY, fitted to a BMW M3, and the Champiro HPX on an Ariel Atom for fast laps showing the tyres’ dry handling ability. Attendees at the event, which included representatives from the company’s exclusive UK distributor Micheldever, also tried for themselves the Champiro 228 on the wet circles track, and the Adventuro M/T off-road tyre in Mira’s 4×4 testing track. Contrasting with the high performance demonstrations was an amusing competitive element featuring a Fiat Panda, a parking cage and the unmistakable smell of burning clutch.

11th June 2012/by Tyrepress Editors

Gajah Tunggal releases latest sales, performance figures

Despite higher sales, PT Gajah Tunggal Tbk reports its net profit for the first quarter of 2012 was down 23.5 per cent year-on-year. During the three months to 31 March 2012 the Indonesian tyre maker made sales of Rp 3,146 billion (£210.0 million), up 8.63 per cent on a year earlier. Gross profit amounted to Rp 558 billion (£37.2 million), while net profit came to Rp 254 billion (£17.0 million), down from Rp 332 billion a year earlier. EBITDA increased from Rp 380 billion to 497 billion (£33.2 million).

30th April 2012/by Tyrepress Editors

Indonesian moto plant to produce 25% of Pirelli’s global output

Last November, Pirelli signed a Memorandum of Understanding with Indonesian automotive component manufacturer PT Astra Otoparts Tbk regarding a joint venture factory. Now, on 24 April, the tyre maker reports it has signed an agreement with Astra to build a new factory in Indonesia – its first in this country – for the production of cross-ply motorcycle tyres.

24th April 2012/by Tyrepress Editors

GT Radial developing new winter products

GT Radial’s representatives presented details about the company's new GT Radial WinterPro HP during the dealer visit to its winter testing facility in Ivalo, Finland. A “high performance winter tyre” that was under development in Ivalo this winter, the tyre will be manufactured in Indonesia.

5th April 2012/by Tyrepress Editors

Poland – most likely site for Apollo’s new factory?

Speaking at the launch of the Aspire 4G high performance tyre in Geneva, Apollo Tyres Ltd chairman and managing director Onkar Singh Kanwar reiterated the tyre maker’s commitment to European consumers. “While European companies are looking east, your company, Apollo, is focusing on Europe, and Europe will remain central to our focus,” he stated. “We will keep investing in production facilities, in technology, development and product launches to ensure that the best and most effective products are brought to you. Apollo will accelerate its growth momentum over the years to come.”

12th March 2012/by Tyrepress Editors

Multistrada investing in rubber supply, capacity expansion

Almost a year ago, PT Multistrada Arah Sarana Tbk announced plans to ensure a reliable supply of raw materials through the acquisition of up to around 30,000 hectares of rubber plantation land. In the end the tyre maker purchased 33,800 hectares in Kalimantan, Indonesia for around Rp3 trillion (£209 million) through its subsidiary PT Multistrada Agro Internasional. During a press conference held in Jakarta on 11 March, company president Pieter Tanuri shared details of this acquisition, stating that this year Multistrada aims to plant up to 1,000 hectares of rubber trees there, a project the firm has budgeted Rp398 billion (£27.7 million) for; 26 per cent of this will come from the proceeds of a recent rights issue. This is expected to be ready for harvest in the next five years.

12th March 2012/by Tyrepress Editors

Indonesia to form ‘mega’ rubber company

Indonesia's government plans to invest US$5.6 billion consolidating 15 state-owned businesses into a large single rubber and palm oil company. The Jakarta Globe reports that the 15 businesses, which last year generated combined sales of some $4.5 billion, will be consolidated under parent company PT Perkebunan Nusantara III. The planned Indonesian merger echoes the plantation merger that occurred in Malaysia in 2008, when the government there combined three state-owned planters to form Sime Darby.

13th February 2012/by Tyrepress Editors

Tyre tariff ineffective, Obama told

In his 24 January State of the Union address, US President Barack Obama claimed the country’s trade cases against China have made a difference. Singling out a particular sector, Obama said “over a thousand Americans are working today because we stopped a surge in Chinese tyres.” Words that should, on the face of it, bring cheer to the US tyre industry.

26th January 2012/by Tyrepress Editors

Michelin aiming to sell 400,000 motorcycle tyres in Indonesia next year

PT Michelindo Mitra Abadi, distributor of Michelin tyres in Indonesia, has begun selling motorcycle tyres and aims to sell 400,000 units there next year. The Jakarta Globe quotes Michelindo director Jemmy Tantoro as saying “as the third-largest motorcycle market in the world, Indonesia promises a huge market for motorcycle tyres and motorcycle-related products.” This optimistic outlook is supported by the Indonesian Motorcycle Industry Association (AISI), which on 29 November reported motorcycle sales in Indonesia could reach 8.4 million units in 2011, a year-on-year increase of 13.5 per cent; on average, sales rose 20 per cent per annum between 2007 and 2010.

1st December 2011/by Tyrepress Editors