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European car tyre imports rise despite apparent risks of offshoring production

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Astutus Research

The European passenger car and light truck tyre (PCLT) import market recovered substantially from its bout of Long Covid in the second half of 2022 as the benefits of local versus remote production took an unexpected hit. A perfect storm of significantly lower freight costs and high European energy costs nudged the dial on the relative competitiveness of imports and domestic PCLT tyre production in the second half of 2022. Looking at the European PCLT tyre market through the prism of imports, leading sector analyst Astutus Research shares with Tyres & Accessories its data demonstrating the effects of a rapidly changing market context. The latest Astutus Research briefing, ‘Supply Dynamics in the European PCLT Tire Industry to 2028’, priced at £995 is available now on Tyrepress.

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Related news:

  1. EU-27 plus UK tyre imports rise 11% as winners and losers emerge from turbulent market
  2. Higher rim size car tyre sales rising in UK’s stratified recovery – GfK
  3. Cooper acquisition is a game changer – Apollo MD talks to T&A
  4. Hankook scales back production, sets record inventory glut
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Cheng Shin launching 40 million tyre capacity expansion in China

Cheng Shin

Luo Yongli, deputy general manager of the company, recently told a briefing that he is optimistic about the operation of Cheng Shin in 2023. In the past, Cheng Shin has reportedly significantly reduced capital expenditures to combat adversity in the operating environment. But with the overall situation expected to improve, the tyre maker will start expanding production capacity, including launching a 40 million tyre capacity expansion plan at factories in mainland China.

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Related news:

  1. Maxxis re-appoints Dr Wally Chen as chairman
  2. Thailand woos global tyre manufacturers
  3. Report: Carbon black manufacturing is moving to China and India
  4. Maxxis/Cheng Shin investing $500 million in tyre factory construction and expansion
/by

B-Quik hits 220 store target with Thai and Indonesia tyre centre openings

B-Quik

On Friday 25 November 25, 2022 B-Quik hit a benchmark number of tyre retail centres, with the opening and open store #200 in Thailand. According to the company, the latest opening will be followed by stores 201, 202 and 203 in the next week. To the pace of growth into perspective, at the start of the pandemic, B-Quik had 148 stores in Thailand. Moving forward, the expansion plans look set to continue with company representatives said: “we are ready for the next growth spurt”.

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Related news:

  1. B-Quik tyre retail branch count rises to 180
  2. B-Quik hits 200 store target in 2021
  3. Marubeni re-brands Indonesian tyre retail chain as B-Quik
  4. B-Quik branch number 196 set to open
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Cheng Shin Rubber increased capital in Indonesia factory

Cheng Shin

On 10 November, Cheng Shin Rubber Ind., Co., Ltd. announced that it is preparing to increase the capital of PT. Maxxis International Indonesia by US$30 million (about £25.53 million pounds; 29.01 million euros). Cheng Shin Rubber said that the capital increase meets the operation’s needs.

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Related news:

  1. Cheng Shin investing more in Indonesia project
  2. Maxxis/Cheng Shin investing $500 million in tyre factory construction and expansion
  3. Indonesia’s president-elect supports Maxxis tyre factory plans
  4. Chinese contingent view potential Thai rubber sources
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Continental “working at full speed” to restructure rubber supply chains

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The goal at Continental is to exclusively obtain natural rubber for its tyres from responsible sources as of 2030. Confirmation of responsible sourcing is essential to natural rubber’s status as a sustainable raw material, and gaining this confirmation requires traceability within the supply chain. Although completely seamless traceability is currently technically impossible, Continental says it is “working at full speed” on a blueprint for the sustainable and responsible structuring of natural rubber supply chains.

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Related news:

  1. Continental purchasing rubber via HeveaConnect
  2. Continental debuts responsibly sourced tyres – 100% of range by 2030
  3. Continental grows commitment to rubber supply chain sustainability
  4. Continental gains 4th consecutive top CDP rating
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Continental debuts responsibly sourced tyres – 100% of range by 2030

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Mountain bike tyres from the Continental Gravity range have become the first products to feature responsibly sourced natural rubber from a project aimed at establishing sustainable natural rubber supply chains. Continental aims to achieve 100 per cent sustainable supply chains by 2050 at the latest, but is going one step further when it comes to natural rubber and intends to cover its entire demand exclusively through responsible sources by as soon as 2030.

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Related news:

  1. Continental gains 4th consecutive top CDP rating
  2. Continental grows commitment to rubber supply chain sustainability
  3. Continental codeveloping invisible rubber marking technology
  4. Continental purchasing rubber via HeveaConnect
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Bridgestone investing to increase rubber harvest volumes

Bridgestone Corporation owns almost 24,000 hectares of natural rubber plantations in Indonesia and has approved plans to increase yields there to ensure a sustainable supply of natural rubber for its tyre production. The company will invest US$26.7 million by 2030. The aim of these investments is to enhance the plantations’ productivity, with Bridgestone setting a goal of doubling harvest volumes (compared with 2022 projections) in a given area in 2035.

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Related news:

  1. Bridgestone optimising rubber yields with big data
  2. GM collaborating with tyre makers on natural rubber sustainability
  3. Michelin and Pirelli lead in rubber sustainability – Context Group
  4. Guayule ‘milestone’ – Bridgestone & NRGene assemble new genome
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B-Quik branch number 196 set to open

B-Quik

Staff at B-Quik branch number 196 set to open the growing tyre retailer’s latest branch in Thailand. The Chiang Mai Huaikaeuw location is store number seven in the city of Chiang Mai. Three more openings in Thailand are planned for the next six weeks.

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Related news:

  1. Marubeni re-brands Indonesian tyre retail chain as B-Quik
  2. B-Quik tyre retail branch count rises to 180
  3. B-Quik hits 200 store target in 2021
  4. B-Quik opens four branches in Indonesia
/by

Michelin now sole owner of RLU sustainable rubber project

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With the purchase of the 49 per cent shareholding that Barito Pacific Group had in Royal Lestari Utama (RLU), the joint venture pilot project to develop sustainable rubber tree plantations in Indonesia becomes a 100 per cent Michelin-owned affair. Moving forwards, Michelin views RLU as a “significant long-term opportunity to actively contribute to making the natural rubber sector more sustainable.”

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Related news:

  1. Michelin accused of Indonesia natural rubber deforestation “cover-up”
  2. Michelin begins natural rubber JV with Barito Pacific
  3. Top natural rubber produces cutting exports by 240,000 tons
  4. Continental grows commitment to rubber supply chain sustainability
/by

B-Quik hits 200 store target in 2021

B-Quik

As 2021 drew to a close, Far Eastern tyre retail specialist business B-Quik opened its 200th store and hit an interim growth target. The opening of the new location at Maxxbox Lippo Village brought the chain’s Indonesian total to 9 branches and 200 across Thailand, Indonesia and Cambodia.

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Related news:

  1. B-Quik tyre retail branch count rises to 180
  2. Marubeni re-brands Indonesian tyre retail chain as B-Quik
  3. B-Quik – Tyre retail service Thai style
  4. Another Record Year for B-Quik
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Sustainable rubber – Hankook supplying eco-friendly coagulant

Hankook Tire has announced it will provide formic acid, an eco-friendly coagulant, to rubber farmers in West Kalimantan, Indonesia. It says this measure furthers its “commitment to enhance the sustainability across its value chain for natural rubber.”

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Related news:

  1. Top natural rubber produces cutting exports by 240,000 tons
  2. Michelin accused of Indonesia natural rubber deforestation “cover-up”
  3. Continental grows commitment to rubber supply chain sustainability
  4. Hankook Tire secures container stability through Hapag-Lloyd deal
/by

Deforestation-free rubber: Pirelli, BMW working with BirdLife International

Pirelli’s latest efforts are quite literally for the birds – and this is by no means a bad thing. Together with the BMW Group, Pirelli is joining with BirdLife International in a three-year project that aims to favour the long-term production of sustainable and deforestation-free natural rubber in Indonesia. Our feathered friends are just one of a whole range of potential beneficiaries.

Read more

Related news:

  1. Pirelli introduces FSC-certified P Zero for BMW hybrid
  2. Global platform for sustainable natural rubber launched
  3. Further tyre makers publish GPSNR-aligned rubber procurement policies
  4. GPSRNR policy framework drives commitment to sustainable rubber sourcing
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Giti vice chairman becomes Indonesia special advisor on climate

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The vice chairman of Giti Group, Cherie Nursalim, has become the Indonesian government’s special advisor on climate. In addition to her leadership role at Giti Tire, Nuralim is also the vice chairman of the International Chamber of Commerce (ICC), and board member of Publicis Groupe in France, IMAGINE Collective with Paul Polman, and Partnering for Green Growth (P4G).

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Related news:

  1. Giti Tire Europe – Link Into Europe
  2. Giti Tire USA clarifies financial figures
  3. GITI arranging US$225 million loan
  4. Gajah Tunggal accused of covenant breach, Moody’s considering rating downgrade
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B-Quik tyre retail branch count rises to 180

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B-Quik

On 28 May 2021 growing Thai tyre retail chain, B-Quik opened two new centres on the Tiwanon road in north Bangkok. The addition of the two centres, which are spaced 8 kilometres apart, follows the opening of two more Thai branches at the start of April 2021.

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Related news:

  1. Sixth Consecutive Record Year For B-Quik
  2. Low Demand For Cars In Thailand Boosts B-Quik
  3. B-Quik Expands Despite Unrest in Thailand
  4. Marubeni re-brands Indonesian tyre retail chain as B-Quik
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