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CTNA Plans to End Charlotte Production

Continental Tire North America (CTNA) says it will suspend production at its Charlotte, North Carolina tyre plant in mid-September. CTNA has already threatened to cut production in half at the plant, laying off some 513 workers in total over two separate reductions, the first scheduled to take place 15 March and the other in June.

“Due to skyrocketing costs for energy, raw materials and health care, CTNA cannot continue to operate the Charlotte plant with our current manufacturing cost structure,” said Alan Hippe, CTNA’s president and CEO. “Because we have so far been unsuccessful in restructuring our labour agreement with the union to significantly reduce manufacturing costs, CTNA must take immediate steps to reduce its costs.”

13th March 2006/by Tyrepress Editors

Strike Continues at Firestone’s Liberia Plantation

Despite earlier reports that workers had gone back to work, one week into the strike company officials told Tyres & Accessories that while the industrial action “could end tomorrow, it could also go on for weeks.” In an interview with T&A, Bridgestone Americas’ Dan MacDonald and Gert Meylemans (Bridgestone Europe) explained that the ongoing strike might mean there is disruption, but it also unlikely to have any long term or direct effects on prices.

Despite the plantation’s size (118,000 acres) the company representatives downplayed the effect the strike would have on the tyre market. “The majority of what is harvested is not block rubber, but liquid latex,” Dan MacDonald told Tyres & Accessories. Instead the Liberian plantation’s output is only said to make up 14 per cent of Bridgestone Americas’ and 1.2 per cent of the company’s worldwide demand. For now there is said to be significant quantities of the necessary raw materials in reserve. And the executives pointed out that the company ran other large plantations in places like Indonesia. Reserves and alternative sites aside, 5,800 striking workers is not good for any company.

13th February 2006/by Tyrepress Editors

Indonesian Tyre Production – 9.3 per cent Increase Predicted

Indonesia’s tyre production capacity is forecast to rise 9.3 per cent year-on-year to 69.6 million units in 2006. The association of tyre producers (APBI) said fears of slump in the country’s auto market this year will not significantly impact on the tyre industry. Last year two and four wheel production totalled 63.67 million units, with car tyres accounting for 41.7 million units, APBI chairman Aziz Pane said told Asian news sources. In 2006 exports are predicted to reach 31 million units, valued at US$600 million, up 10.6 per cent from last year.

10th February 2006/by Tyrepress Editors

Indonesian Tyre Production up 4.2 million units

Indonesia’s tyre production grew from 35.72 to 39.98 million units in 2005, according to the Indonesian Association of Tire Producers (APBI). The Asia Pulse news agency quoted APBI chairman Aziz Pane as saying that the increase in production was boosted by growing demand in the international market. Pane said 70 per cent of the production in 2005 was exported.

20th January 2006/by Tyrepress Editors

Michelin Celebrates 100 Years in the UK

On 12 May this year, an exclusive gala dinner was held at Forbes House in London, commemorating 100 years of Michelin in the UK. Special guest at the event was Her Royal Highness The Princess Royal, patron of the Transaid charity, which aims to promote mobility in Africa and of which Michelin is a founder.

30th November 2005/by Tyrepress Editors

New GT Radial National Distribution Centre Opens

The new Compass Group GT Radial National Distribution Centre was formally opened in October by Mr William Gozali, the Senior Export Manager of PT Gajah Tunggal tbk Indonesia.

28th October 2005/by Tyrepress Editors

Bridgestone Officially Opens Steel Cord Plant in China

Bridgestone Corporation officially opened Bridgestone (Shenyang) Steel Cord Co, Ltd, in Liaoning Province, China. Bridgestone invested US$94.3 million in the construction of the plant, which began producing steel cord for truck and bus radial tyres in August this year. Production capacity is projected to reach 70 tons per day by the end of 2007.

About 100 people attended the opening ceremony, including Chinese government and municipal officials such as Song Qi, deputy mayor of Shenyang. Heading the Bridgestone contingent were Masaharu Oku, the board of directors, vice president and senior officer responsible for tyre production and distribution, Hiromichi Odagiri, vice president and senior officer, chief representative of Bridgestone tyre operations in China, Kaoru Fujioka, vice president and officer in charge of steel cord, and various other plant officials.

26th October 2005/by Tyrepress Editors

Gajah Tunggal Sales to Increase 20 per cent

The sales of PT Gajah Tunggal Tbk are likely to increase 20 per cent compared with last year’s figure of 3.8 trillion Indonesian rupiah (£214 million), the company has reported. Gajah Tunggal director, Catharina Widjaja, said the growth was due to increased domestic demand and additional sales to Michelin & Cie. The company, which is 10 per cent owned by Michelin is under contract to supply the French manufacturer with 5 million tyres per annum until 2010.

18th October 2005/by Tyrepress Editors

Vredestein Launches Traxion85

Vredestein has launched a new agricultural tyre, which it describes as “the new standard for modern medium-class tractors.” The Traxion85 represents the latest stage of development of the company’s Traxion+ series, which has been on the market since 1997. The new tyre is available in 14 sizes.

29th September 2005/by Tyrepress Editors

Continental Sime expands Malaysian Factories

Continental AG is to spend RM200 million (£30 million/44 million euros) on expanding its Malaysian units’ Petaling Jaya, Selangor, and Alor Star, Kedah, factories. According to reports, the plan is for these facilities to double output. Furthermore, Continental Sime Tyre Sdn Bhd chief executive officer Dieter Saar said the company plans to export 30 to 40 per cent of its output beyond 2006, up from less than 15 per cent now.

27th September 2005/by Tyrepress Editors

Chinese Market Favours Malaysian NR

The Chinese market seems to favour Malaysia’s natural rubber (NR) and is attracting increased interest from players in the Malaysian rubber products industry, according to the Malaysian Rubber Board (MRB). The MRB recently organised a trade delegation visit to China and revealed details about business between the two far eastern countries.

The MRB explained that Malaysian rubber was well-known in China for its good quality. China imports about 1.4 million tonnes of NR per year, and this year, Malaysia’s NR exports to China are projected to increase to 350,000 tonnes from 290,000 last year.

13th September 2005/by Tyrepress Editors

Indonesian Car Tyre Production Up

Indonesia’s production of car tyres rose 16.3 per cent year-on-year to 23.8 million units in the first seven months of this year. Data at the Association of Tire Companies (APBI) said the country exported most of its tyre production every year.

In the January-July period exports totalled 16.3 million units valued at $317.3 million, against sales on the domestic market of 77 million units. Total sales in the seven-month period represented a 18.4 per cent increase compared with sales a year ago.

12th September 2005/by Tyrepress Editors

Inaugural A1GP Calendar Unveiled

The A1 Grand Prix’s first calendar has been confirmed and unveiled. In its inaugural year the A1GP will feature 24 races over 12 weekends. Teams from across the globe will compete on a level playing field across world-famous circuits and newly upgraded facilities. All cars will run on a standardised control tyre produced by Cooper Tire & Rubber.

5th September 2005/by Tyrepress Editors

Natural Rubber Shipment Damaged

(Akron/Tire Review) Reuters reported last week that a ship carrying some 1,500 tonnes of natural rubber for delivery to tyre companies ran aground off the coast of Sumatra near Indonesia. Most of the rubber was reportedly intended for Bridgestone Corp and Goodyear Tire & Rubber Co facilities in the US.

1st September 2005/by Tyrepress Editors

Rubber Prices Set to Increase Next Year

Natural rubber prices will continue to rise next year even though output from the world’s leading producing countries is expected to increase, according to an expert from the London-based International Rubber Study Group (IRSG).

30th August 2005/by Tyrepress Editors