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Indian Tyre Exports Decrease 12% Between April & December

A marked decline in vehicle sales worldwide together with tighter import restrictions in some countries is being blamed for a 12 per cent decrease in tyre exports from India in the last three quarters. According to India’s Automotive Tyre Manufacturers Association (ATMA), Indian tyre companies exported 2.346 million tyres between April and December 2008, compared with 2.668 million during the same period of 2007. This drop in exports occurred despite a devaluation of the rupee against the US dollar and numerous other major currencies.

3rd March 2009/by Tyrepress Editors

BKT Bringing New OTR, Forestry Ranges to Tyrexpo Asia

BKT is the flagship business of India’s Siyaram Poddar Group, an organisation with a turnover in excess of US$ 550 million. In the 2007/08 financial year BKT itself enjoyed sales of more than $250 million, and the company has set itself an impressive goal – “Our vision is to obtain global leadership in off highway tyre solutions,” Arvind Poddar – vice chairman and managing director, Siyaram Poddar Group, told Tyres & Accessories.

5th February 2009/by Tyrepress Editors

Malaysia Cutting Rubber Exports 5% in 2009

Cuts in rubber exports have begun in the world’s third-largest rubber producing nation. Malaysia’s Plantations Industries and Commodities Minister Datuk Peter Chin confirmed that the government’s plan to reduce rubber exports by around five per cent this year is underway, and it now remains to be seen whether the measure will bring prices out of the doldrums.

“For the first quarter, Malaysia will reduce rubber exports by 22,000 tonnes,” said Chin. “For the whole of 2009, it will be 57,050 tonnes.” Last year Malaysia exported 1.1 million tonnes of rubber. Along with Thailand and Indonesia – the number one and two global rubber producers – Malaysia has committed to removing approximately 915,000 tonnes of natural rubber from the world market. The three countries, which comprise the International Rubber Consortium (IRCo), also say that a reduction of up to 1,345,000 tonnes is possible, but only if prices further weaken.

22nd January 2009/by Tyrepress Editors

Indonesian Tyre Production to be Flat in 2009, Says Industry Expert

Indonesia’s passenger car tyre production may prove to be weaker than initially expected in 2009, warns a senior representative from the country’s tyre industry. According to Aziz Pane, chairman of the Indonesian Tyre Producers Association, production may remain unchanged from 2008’s output of 41 million units.

“Initially, we expected car tyre production to hit 45 million units, but after the financial crisis demand is slowing,” he said. Pane added, however, that a recovery is anticipated before the end of 2009. Approximately 80 per cent of Indonesia’s passenger car tyre production is exported, therefore global automotive industry fluctuations are strongly felt by manufacturers.

13th January 2009/by Tyrepress Editors

Tyrepac Unveils First Phase of Asia-Wide Online Tyre Portal

With the help of the Singapore Government’s Standards, Productivity and Innovation Board, Singapore based company Tyrepac is developing what it says is Asia’s first online tyre retailing site. The company’s first website, for the Singapore market, is already up and running, and the company states that websites for China, Malaysia, Thailand, Korea and Hong Kong will be live in late March 2009. Plans are also underway to expand into India, Indonesia, Japan, the Philippines, Australia and New Zealand.

9th December 2008/by Tyrepress Editors

Stamford Warning Q2 Loss

Stamford Tyres of Singapore has told Asian news sources that it expects to record a loss in its second quarter ending 31 October, 2008. The company said that the losses were a result of currencies in Australia, South Africa, Indonesia and India weakening against the American dollar in October. It says that the losses are not related to speculative hedging instruments. The firm still expects to post a profit for the first half of its financial year.

2nd December 2008/by Tyrepress Editors

Materials Prices Strike a Raw Nerve in 2008

Across many industries, including our own, 2008 will be long remembered for its spate of raw material price increases and their knock-on effect. Although these prices had by mid-November retreated from their earlier record highs, across the board they left eroded profits in their wake – and consumers smarting from the increases tyre manufacturers in turn slapped upon their products.

27th November 2008/by Tyrepress Editors

Falling Prices a Focus at Rubber Organisation Meeting

Falling prices for natural rubber will be a key theme at the meeting of the Association of Natural Rubber Producing Countries (ANRPC) on November 26 to 28. Representatives from India, China, Indonesia, Malaysia, Papua New Guinea, Singapore, Sri Lanka, Thailand and Vietnam will discuss price trends and supply-side measures in detail, reports Sajen Peter, chairman of India’s Rubber Board.

24th November 2008/by Tyrepress Editors

Rubbery Figures

According to the International Rubber Study Group, the European Union is currently the third largest regional consumer of natural and synthetic rubber. In 2007, Europe’s consumption of natural rubber reached 1.373 million tonnes, 14 per cent of global natural rubber consumption. The Singapore based organisation notes that European consumption increased 1.7 per cent since 2005, a much smaller increase that the 10.9 per cent growth in global consumption. For synthetic rubber, the IRSG reports the EU consumption in 2007 to be 2.616 million tonnes, a 20 per cent share of global consumption.

21st November 2008/by Tyrepress Editors

Yokohama to Build JV Rubber Processing Factory in Thailand

On November 12 Yokohama Rubber announced its intention to cooperate with Teck Fu Joint Venture Co., Ltd. to build a joint-venture natural rubber processing factory in southern Thailand’s Surat Thani Province. Teck Fu is a subsidiary company of Teck Bee Hang Co., Ltd., a natural rubber processing company in Thailand. Yokohama Rubber’s decision to operate its own factory stems from its aim for an assured stable supply and quality of natural rubber, the company says.

12th November 2008/by Tyrepress Editors

Strong Bekaert Sales Driven by High Raw Material Prices

In the first nine months of 2008 Bekaert achieved consolidated sales of 2.047 billion euros and combined sales of 3.119 billion euros, an increase of 28.8 per cent and 24.0 per cent respectively. Bekaert reports that organic growth accounted for a growth in consolidated sales of 24.7 per cent, largely driven by the passed on raw material price rises, and the net movement in acquisitions and divestments in Vicson (Venezuela) and in Proalco (Colombia) accounted for 7.9 per cent. Exchange rate fluctuations tempered the growth by 3.8 per cent.

7th November 2008/by Tyrepress Editors

S&H Tyres BV – Adding Personality to Tyre Sales

Joint managing directors Simon Klapwijk and Henk van Dijk founded S&H Tyres in 2001. Between them they can register nearly 50 years of experience in the tyre trade. The knowledge gained in those years together with their individual charisma and undoubted negotiating skills has played in a big part in enabling the company to become an increasingly dynamic force in the wholesale tyre industry.

30th October 2008/by Tyrepress Editors

Smuggled Tyres Putting the Squeeze on Indonesian Manufacturers

Domestic tyre sales in the Indonesian market dropped four per cent during August, allegedly the result of a market saturated with cheaper tyres smuggled from China and India. According to Indonesian Tire Producers Association chairman Aziz Pane, illegal tyres have been entering the Indonesian market since July and are making life difficult for the producers of their local counterparts.

“Illegally imported tyres, in the hundreds of thousands, have partly taken over the domestic market,” Pane told the Jakarta Post. “Local tyre producers sold 3.7 million tires in August, down from 3.89 million in July.” According to the association, tyres produced in China and India are sold in Indonesia for between 10 to 30 per cent less than locally made tyres.

23rd September 2008/by Tyrepress Editors

Thai Port Strike Hits Rubber Shipments

In Thailand, a railway and port strike is hitting the country’s rubber shipments, leading to foreign traders shifting their rubber import sources to Malaysia and Indonesia, say local exporters.

Union members with the State Railway of Thailand started their strike, held in sympathy with anti-government protesters, on 28 August, while Port Authority of Thailand union members brought Klong Toey port in Bangkok to a standstill on Wednesday 3 September. It reopened late on Friday 5, though activity has not yet reached its pre-strike levels.
The total cost and damage of the strike action has yet to be estimated.

12th September 2008/by Tyrepress Editors

Automechanika Malaysia to Promote ASEAN Auto Industry

Automechanika Malaysia (previously known as Automechanika Asia) will take place at the Kuala Lumpur Convention Centre, Malaysia’s most modern event facility between 25 – 29 March 2009. Over the past six years, Malaysia External Trade Development Corporation (MATRADE) has extensively promoted this fair as part of the Malaysian Government’s initiative to further develop the automotive industry in Malaysia and across the ASEAN region.

The last fair, held for the first time in the Kuala Lumpur Convention Centre during 2007 attracted more than 5,480 buyers from 60 countries and regions. There was strong attendance from China, India, Indonesia, Pakistan, Singapore, Taiwan and Thailand, supporting the majority of visitors from Malaysia. Altogether in 2007 there were 151 exhibitors from 18 countries and regions at the fair: Australia, Canada, China, Germany, Hong Kong, India, Indonesia, Italy, Japan, Korea, Malaysia, Mexico, the Netherlands, Singapore, Spain, Taiwan, Thailand and the United Kingdom.

11th September 2008/by Tyrepress Editors