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Toyo opens China railway car parts plant JV

Toyo Wuxi railway parts joint venture

Toyo has opened its new joint venture for the manufacture and distribution of parts for railway vehicles in China. Wuxi Toyo Meifeng Rubber Products Manufacturing Co, Ltd (TMW) was established through a business partnership with Wuxi Meifeng Rubber Products Manufacturing Co, Ltd (or Wuxi Rubber), which has strengths in technology and Chinese railway parts sales. Meanwhile Toyo has developed and manufactured air springs and anti-vibration rubber components for the comfort and safety of railway vehicles for over 50 years, supplying these products primarily in Japan.

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Official opening of Ceat JV plant draws near

The latest joint venture plant set up by India’s RPG Group and Sri Lanka’s Kelani Tyre will officially open next week, states Sri Lanka’s Daily Mirror. The publication says the Rs 600 million (£2.7 million) passenger car tyre radial factory, which is located at the existing Ceat Kelani site in Kelaniya, will enable the joint venture operation to increase its radial capacity by 70 per cent to 39,000 tyres a month.

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Continental to take full ownership of emissions JV

Continental has announced its intention to purchase the outstanding shares in the 50/50 Emitec Gesellschaft für Emissionstechnologie mbH joint venture it operates with partner, Worcestershire-based GKN plc. Once the acquisition of the 50 per cent share currently held by GKN is complete, the business will be integrated into Continental’s Powertrain division. With the acquisition of Emitec and the deal’s approval, Continental will emerge as a supplier of exhaust aftertreatment systems. Continental has not stated the price it will pay for the remaining share in Emitec.

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Michelin seeking solutions beyond tyres in business incubator scheme

Michelin is working with Indian Angel Network (IAN), a New Delhi-based organisation that brings together entrepreneurs and start-up/early stage ventures, in a joint initiative to assist entrepreneurs in creating innovative mobility solutions for a more efficient delivery of produce from farm to market. The initiative, named Farm to Market Logistics (F2ML), is an incubator managed by IAN and supported by Michelin. It seeks ideas that will reduce waste in the food supply chain through new practices, behaviours and solutions.

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Groundbreaking takes place for Bridgestone’s factory in Russia

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Almost a year after Bridgestone’s plans to establish a joint-venture factory in Russia’s Ulyanovsk Oblast region were made public, groundbreaking was held at the site of the tyre maker’s future passenger car radial factory on 1 April. The facility will be erected on an 81 hectare site around 900 kilometres (560 miles) southeast of Moscow, and production is expected to start in the first half of 2016. Plant output estimated to reach approximately 12,000 units a day by the second half of 2018.

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Tread patterns influence driving behaviour – report

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While much attention has been placed on road rage and its causes, one factor has been overlooked – until now. A newly-released report has found a remarkable correlation between road rage incidents and choice of tyre. Aggressive tread patterns do, it seems, make for aggressive drivers.

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Trelleborg Wheel Systems posts positive 2013 results

Depending on whether you prefer the figure for continuing operations or the total consolidated result, Trelleborg Group net sales either rose 1.0 per cent – or declined 14.9 per cent – to SEK 21,262 million (£1.96 billion) in the 2013 fiscal year. The consolidated result was down from SEK 25,237 million in 2012 and includes the impact felt from the formation of TrelleborgVibracoustic, the joint venture formed with Freudenberg in 2012. Operating profit for 2013 came to SEK 2,815 million (£259.47 million).

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Analysts: Goodyear break-up is bad news for Sumitomo

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While the news that Goodyear is looking to exit its international joint venture with Sumitomo Rubber partly precipitated a 10 per cent intra-day leap in Goodyear’s share price, commentary on the latest financials published by Sumitomo suggest that the JV break-up the two companies are currently in arbitration over could be bad news for the Japanese tyre maker.

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Sumitomo won’t overlook “difference of opinion” regarding Goodyear JV dissolution

Sumitomo Rubber Industries appears to have contested Goodyear Tire & Rubber Company’s claims of “anti-competitive behaviour” on the part of the Japanese tyre manufacturer. Following the news that the two companies are in arbitration regarding the dissolution of their joint ventures and international alliances, Sumitomo published a short Japanese-language statement making it clear that the firm doesn’t agree with Goodyear’s take on things.

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Goodyear confirms alleged ‘anticompetitive behaviour’ is why it’s ending Sumitomo alliance

Following a statement from Sumitomo and comments from Goodyear executives yesterday, later on 13 February 2014 Goodyear confirmed that it is moving to end its joint venture with Sumitomo Rubber Industries. The company also confirmed comments suggesting that the move has been precipitated by alleged anticompetitive behaviour. Writing in the company’s annual report, otherwise known as a 10K filing, company representatives said: “We have learned that SRI has engaged in anti-competitive conduct that we concluded warrants the dissolution of the global alliance”.

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Goodyear ending Sumitomo alliance due to “anti-competitive” behaviour

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Goodyear's Akron, Ohio headquarters

At the tail-end of Goodyear’s full-year 2013 results conference call, Laura Thompson (executive vice-president and CFO) appeared to suggest that the key reason Goodyear has opted to end its global alliance with Sumitomo is because the Japanese firm has engaged in alleged “anti-competitive” behaviour: “Sumitomo has engaged in anti-competitive conduct in relation to anti-trust laws and we think that warrants a dissolution of the partnership. On January 10 we began arbitration to dissolve the partnership.” As a result the American company could be poised to buy out Sumitomo’s joint venture shares.

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Goodyear wants to end Sumitomo Rubber tyre joint venture

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Sumitomo Rubber's Kobe headquarter building

Goodyear Tire & Rubber Co. Ltd has asked Sumitomo Rubber Industries Ltd. to end the two companies’ tyre joint venture in Europe and alliances in Japan and the US. According to a report published by the Kyodo news agency and reproduced by numerous sources online, the increasing influence of emerging economies (as opposed to the mature markets in the cooperation) is behind the move. A Japanese language statement on Sumitomo’s corporate website appears to confirm the report. Tyres & Accessories is seeking further confirmation and comment on this breaking news and will publish additional details as they become available.

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Pirelli signs Armenia synthetic rubber MoU

On 27 December, Pirelli reported the signing of a Memorandum of Understanding between Pirelli Tyre Russia, Russian petroleum company Rosneft and Oil Techno; the MoU covers setting up a joint venture to research and develop synthetic rubber, in particular Styrene-Butadiene Rubber (SBR), in Armenia.

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Pirelli emissions control JV dissolved

The joint venture agreement Pirelli subsidiary Pirelli & C. Ambiente SpA signed with Clean Diesel Technologies, Inc. (CDTi) in February has been dissolved. Eco Emission Enterprise Srl (E-Cube) was established to market and sell emissions control products for both petrol and diesel applications in Europe and the CIS countries, however the operation hasn’t performed according to expectations.

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