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Italmatic Offers Global Reach

Retread manufacturing equipment and garage supply specialist Italmatic Srl may be based in Italy, but the company has long established global intentions. In addition to the Italian headquarters, a far eastern wing (50:50 joint venture, Italmatic Asia) was founded in Singapore in 1984 and the company also has a network of offices in the USA and the UK. Now, 40 years since the company produced its first buffing machines, the goal is to serve customers throughout Europe, Asia and North America with „full technological, training and marketing support.”

26th August 2009/by Tyrepress Editors

China's Rubber Imports Jump 25% in July

International News

China's natural rubber imports jumped 25.8 per cent to 165,876 metric tons in July. Malaysian news sources cite customs reports that show the figure is close to an 11-year high which last peaked in March. China buys rubber from main producers Thailand, Indonesia and Malaysia, as well as Vietnam, Cambodia and West Africa. The high comes off the back of China’s strong passenger car sales in July, which jumped 70.54 per cent from a year ago.

25th August 2009/by Tyrepress Editors

Natural Rubber Price Up +25%

The price of RSS3 grade natural rubber has shot up 25 per cent to US$2.0/kg in the last month (and US$ 1.8/kg for TSR 20 grade). True, according to Deutsche Bank analysts the latest prices surge is expected to impact tyre manufacturers’ profit and loss accounts in the first quarter of 2010. But this is still significantly below what tyre companies paid in 2008 (approximately $2.8/kg; 2007:$2.3/kg). Furthermore, according to the bankers, this is “not necessarily bad news for the industry” because higher input prices reduces the risks of “negative pricing” in the short term. In other words, with the impending recovery in sell-in markets expected any time now, in the coming months the industry will face no difficulties in increasing selling prices.

25th August 2009/by Tyrepress Editors

Tire Maker Gajah Tunggal To Roll Out Bond Exchange

Indonesia’s PT Gajah Tunngal has said a plan for restructuring its debt will probably gain approval with investors following changes made to a bond exchange offer. A second bondholder meeting was held on July 21 after a quorum was not previously reached. The company intends to swap US$420 million of 10.25 per cent bonds due in 2010 for new notes maturing in 2014.

“In the absence of any substantial blocking votes, the issuer and the company expect to reach the requisite quorum and approval,” a company release stated.

24th July 2009/by Tyrepress Editors

Global Natural Rubber Production Shows 2009 Decline

Production of natural rubber in the seven countries that account for 93 per cent of world supplies – Thailand, Indonesia, Malaysia, India, Vietnam, China and Sri Lanka – is continuing to fall. Data covering the period to May 2009 indicated that natural rubber in Thailand (the country that supplies a third of the world’s requirements) dropped 22 per cent during the first four months of 2009 to 107,175 thousand tons. In the first five months of the year Malaysian output fell 28 per cent to 47,333 thousand tons due to a combination of factors including lower than anticipated rains which slowed tapping activity, poor export demand and an ongoing replanting programme. Replanting and the resultant reduction in tappable crop area were largely responsible for production in Vietnam declining 22 per cent year-on-year in the January to May period to 11,036 thousand tons, while natural rubber output in India fell nine per cent in the first five months of the year.

1st July 2009/by Tyrepress Editors

Multistrada to Supply Sepang 1000km Race Tyres

Indonesian tyre manufacturer PT Multistrada has won the contract to supply the Sepang 1000km race on 4-6 June at the prestigious Sepang International Circuit. Multistrada will supply 1400 of the company’s Achilles 123 model, which has been named as the official tyre for the race a compulsory requirement for all competitors. The 195/50/15 semi-slick medium-hard tyres can be used in both wet and dry conditions.

“Despite being low in cost the tyre has met the standard at other events,” said SIC CEO Razlan Razali. “Although it is the first time SIC will be engaging Multistrada as the official tyre provider, the brand is a well known name in Indonesia, particularly it’s rallying scene.”

21st May 2009/by Tyrepress Editors

Sumi Rubber Indonesia’s 100 Millionth Tyre Rolls Out

P.T. Sumi Rubber Indonesia, Sumitomo Rubber Industries’ Indonesian subsidiary, produced its 100 millionth tyre on Monday 27 April 2009. Sumi Rubber Indonesia started operation in April 1997 as Sumitomo Rubber’s first tyre production base in Asia. The Indonesian company has since supplied tyres in Indonesia, Japan and globally. At the same time, the company worked actively on reduction of burden on the environment and obtained ISO14001 certification in August 2003. It attained the zero emission in December 2004 and the complete zero emission in August 2008 as one of the companies to obtain it fastest in Indonesia. The factory employees 3000 and produces 4200 tons a month, according to company literature.

12th May 2009/by Tyrepress Editors

Bond International Developing a Stronger Foothold in Asia

As a major importer of far eastern manufactured tyres, Bond International’s presence at Tyrexpo Asia was significant. The company, which has been established for more than forty years, has acquired during its time in the business vast experience in the import and export of tyres to and from the UK. Today Bond International can provide unrivalled delivery service thanks to its four warehouses and stock level of over 600,000 tyres. As well as distributing all leading premium brand tyres the company is also the agent for Marshal, Admiral, Infinity, Sumo, Firenza, Rotalla and Gerutti.

30th April 2009/by Tyrepress Editors

Belshina Focusing on International Growth

Since Belshina opened its first sales office outside of the CIS region, in Lithuania, a year and a half ago, the Belarusian commercial vehicle tyre specialist has looked towards establishing itself in even more regions. One particular area where Belshina has turned its attention is Southeast Asia, where the company is focusing upon the distribution of its earthmover tyre range. At Tyrexpo Asia the director of Belshina Asia, Maksim Smyslov, shared that the Belarusian manufacturer founded a new Singapore based operation in November 2007. It has been trading since last year and is focusing for the time being upon the earthmover tyre business, marketing these products to the region’s mines and mining operators.

22nd April 2009/by Tyrepress Editors

China Provides Optimistic Rubber Counterpoint

China has increased its rubber imports from 180,000 tonnes in the first two months of 2009 to 190,000 in March, Bloomberg has today reported. A rise of 10 per cent in automobile sales year-on-year (according to figures from the China Association of Automobile Manufacturers) has led to the rise following government subsidies. Incentives to the industry Japan, Germany and France are also offering incentives.

Bloomberg suggests that any revival in rubber demand from recovering car sales may be mitigated as tyre-makers switch to cheaper oil-based alternatives. The mix of synthetic to natural rubber in tyres is roughly 60 to 40 per cent, said Lawrence Orlowski, an analyst at S&P Equity Services in New York. Usually about 5 to 10 per cent of a tyre’s material can be switched, he said. (Tire Review/Akron)

20th April 2009/by Tyrepress Editors

Safety First a Goodway to Go

In Tyres & Accessories’ September 2008 Retreading Special, Goodway Rubber Industries, the Malaysian retreading compound and materials supplier, spoke at great length about its continuing mission for safety within the workplace and its concern for the wellbeing of its staff, culminating in its Nilai factory’s attainment of OHSAS 18001 certification. In the time since then, this attention to safety has been reflected in the company’s products, specifically with reference to its Supercool-branded flagship retreading material, which has been given the new tagline, “Engineered For Safety”. Despite the current economic turmoil, Goodway says that its trademark brand registered growth last year, stemming from well-positioned branding efforts and aggressive marketing strategies. Indeed, the company is optimistic that the financial woes could represent it – and retreaders in general – with a significant opportunity.

16th April 2009/by Tyrepress Editors

GfK to Analyse Key Asian Tyre Markets

International News

GfK Asia is planning to expand its market research coverage to include tyre reports in China, Korea and Malaysia, followed by Indonesia, Vietnam and Thailand at a later stage. The Korean market information is scheduled to be processed first with Malaysia following after that. In the first instance the reports will specifically focus on the tyre market with a view to exploring engine oil and other spare parts markets in the future.

GfK Korea, a subsidiary of GfK Asia, is to record data from 4400 shops across five regions (Seoul, Inchon, Kyunggi, Kyungbuk, Kyungnam). Meanwhile GfK Malaysia’s survey analyses the sales of the 17,800 spare parts shops, garages and tyre specialists that serve the pool of more than 12 million motorcycles, passenger and commercial vehicles. GfK Malaysia will launch its first passenger car tyre retail tracking report in June 2009 and the company hopes to expand both studies as the reports gain momentum.

16th April 2009/by Tyrepress Editors

Global Natural Rubber Production to Fall 2.2% in 2009

Natural rubber production is expected to fall by around 2.2 per cent during the course of 2009, following a 0.4 per cent dip in 2008, according to the Association of Natural Rubber Producing Countries (ANRPC), which represents 94 per cent of global production. According to the latest monthly report published by ANRPC all natural rubber (NR) producing countries have entered into a “declining phase.”

Thailand, which is the largest NR producing country in the world and is said to account for around a third of global supply, saw production drop 13.9 per cent year-on-year in the first two months of 2009. Thailand’s Ministry of Agriculture and Cooperatives of Thailand predicts that 2009 production levels will by 0.5 per cent compared with from 2008, making it the market least affected by the apparent global decline.

14th April 2009/by Tyrepress Editors

TyrexpoAsia09 Dates Confirmed for 2011

Exhibitors attending the seventh staging of TyrexpoAsia in Singapore have praised the exhibition for exceeding expectations in the global recession. Despite many tyre businesses cutting international travel budgets, the three-day show still managed to attract a total of 2,985 visitors, just five per cent fewer than for the last staging in March 2007. Exhibitor numbers were up eight per cent at 135, although total exhibition floor space remained the same as companies opted for more economic stand design.

“Every show organiser wants to increase visitor numbers show-on-show but in these tough times we are very pleased that so many still decided to travel. We view that performance as more than acceptable taking everything into account,” said Paul Farrant, managing director of show organiser ECI International.

31st March 2009/by Tyrepress Editors

CBp, Triputra Sign 20-year Carbon Black Replacement Deal

CBp Carbon Industries, Inc. has announced the signing of a 20-year sale agreement with Indonesia’s Triputra Group, a company CBp cites as to be the world’s largest producer and supplier of raw rubber to the tyre industry. The agreement provides, as and when CBp can deliver, that for the first ten years Triputra will take all deliveries up to 200,000 tonnes per year of CBp’s carbon black replacement ‘CBp Carbon Green’ at market discount and for 500,000 tonnes a year for the following ten years at market discount. CBp’s deliveries to Triputra are optional and the company says they will not take place unless it is profitable to do so.

6th March 2009/by Tyrepress Editors