Manufacturing Archives - Page 231 of 257 - Tyrepress

Whether its raw materials, machinery, research and development or the latest manufacturing trends, this tag provides up-to-the-minute insights into the upstream part of the tyre industry.

Posts

Toyo Increasing UHP, LT/SUV Production

(Akron/Tire Review) Toyo Tire & Rubber said it will boost production at its Kuwana, Japan, plant by the end of 2005, adding capacity for 1.12 million additional ultra-high performance and light truck/SUV tyres. Toyo said it is investing some 2.8 billion yen in the project, targeting overseas markets.

Toyo said the move is part of its efforts to increase global capacity, including building a manufacturing base in North America, raising production capacity of it joint venture plant in China, and launching another joint venture plant for truck and bus tyres in China.

24th May 2005/by Tyrepress Editors

Firestone East Africa Becomes Sameer

International News

The company formerly know as Firestone East Africa was given a new logo and rename Sameer Africa at a ceremony in Nairobi. The new company will operate as an independent tyre maker, according to reports by Nairobi’s The Nation newspaper.

23rd May 2005/by Tyrepress Editors

Superior Industries Increases Dividends

Superior Industries International, has announced a 3.2 per cent increase in the company’s quarterly cash dividend, to $0.16 per share at today’s AGM. The new, higher dividend is payable to shareholders on 15 July 2005.

“We always are pleased to increase the cash dividend, particularly as we are faced with the difficult challenges of an increasingly competitive environment and the rapid globalisation of the automotive industry,” said president and chief executive officer, Steven Borick. “This latest dividend increase demonstrates the Board’s conviction that we have the right long-term strategy to protect and enhance our industry leadership, and the discipline, determination, and resources required to successfully implement our plans for the future.”

23rd May 2005/by Tyrepress Editors

SMMT Appoint New President

Roger Putnam, chairman of Ford of Britain, is to take up the position as president of the SMMT. He succeeds Tod Evans, former chairman, Peugeot Citroën Automobiles UK Ltd, in leading the motor industry trade association for the 12 months from June 2005.

Commenting on the announcement, Roger Putnam said: “I am proud and honoured to become SMMT president for 2005-06. The industry faces some significant challenges in balancing the needs of its customers, in coping with regulatory pressures, and in dealing with a challenging manufacturing environment. I want to play my part in ensuring that issues like skills, R&D and productivity are given the profile they deserve.”

20th May 2005/by Tyrepress Editors

Toyo Increases Production at Kuwana Plant

Toyo Tire & Rubber Co., Ltd is to increase the volume of passenger car and light truck tyres produced at the company’s Kuwana Plant by approximately 1,000,000 units and 120,000 units a year, respectively, by the end of 2005. The company plans to invest 2.8 billion yen in this expansion of production, designed to address flourishing demand in overseas markets.

Toyo is also working to build a manufacturing base in North America, raise the production capacity of a joint-venture plant in China, and launch another joint-venture plant for truck and bus tyres in China. The increase in output at the Kuwana plant is said to be part of this ongoing effort.

20th May 2005/by Tyrepress Editors

Is a BFNAT Strike Imminent?

(Akron/Tire Review) Recent statements by the bargaining committee representing workers at Bridgestone/Firestone North American Tire (BFNAT) plants in the US. indicate the union is prepared to go on strike, perhaps as early as next month. Talks between the tyre manufacturer and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International (USW) were scheduled to resume this week, but union negotiators say this could be their last attempt to reach an agreement.

19th May 2005/by Tyrepress Editors

Bosch Increases Investment in China

Bosch is to open a new development and technology centre in China as part of its 500 million euro investment planned for the Chinese market over the next three years. The facility will be located at Suzhou approximately 80km west of Shanghai and will cost 50 million euros.

The new technology centre will employ around 220 employees and will extend over of some 200,000 sq metres of space. It will concentrate on automotive electronics and brake systems.

16th May 2005/by Tyrepress Editors

Inside Look at China’s Automotive Market

(Akron/Tire Review) Special Report by Amy Antenora of AMN

Over the past few years, global competition in the automotive industry has significantly heated up. Wayne Xing, editor and publisher of China Business Update, addressed the country of particular Interest, during a presentation at the 2005 Global Automotive Aftermarket Symposium (GAAS).

GAAS was held this week in Chicago.

In recent years, China’s automotive industry has exploded as the country’s infrastructure and economy have begun to allow for and create increased interest in passenger cars. It took China 40 years to produce 1 million automobiles, from 1953 to 1992. Today, however, the Chinese vehicle market is expanding at an ever-increasing clip. It is estimated that this year, China will surpass 6 million vehicles produced.

16th May 2005/by Tyrepress Editors

Large UK Tyre Manufacturers and Distributors are Bigger Not Better

Size and scale are no advantage when it comes to overall financial success, according to a new study by Tyre Manufacturers & Distributors industry analysts Plimsoll Publishing. It seems the industry’s smaller players are putting their larger counterparts to shame when it comes to overall financial performance.

The top 60 “major players” currently control almost 94 per cent of the market. Yet look beyond their size at their individual financial performance and their image appears somewhat staid, according to Plimsoll analysts.

13th May 2005/by Tyrepress Editors

Yokohama to Build Thai Plant

(Akron/Tire Review) Yokohama Rubber Co is to build a new tyre plant in Thailand to produce passenger and light truck/SUV tyres. The company said it would begin construction of the 11.5 billion yen facility this October, which will be located adjacent to its current Yokohama Tire Manufacturing (Thailand) Co. facility there. Yokohama said the new plant, with an initial capacity of 1.4 million tyres annually, will begin production in November 2006. The plant will be designed, the company said, to allow for further expansion as warranted.

13th May 2005/by Tyrepress Editors

New Off Road Tuning Wheel

Size does matter. Well that’s what Cobra Technologie & Lifestyle say. And in keeping with this philosophy the company now offers the new Cobra Sahara 10Jx22 light-alloy wheel for premium off-road vehicles such as the BMW X5, the Mercedes M-Class, the Mitsubishi V60, the Porsche Cayenne, the Volvo XC 90 and the VW Touareg.

9th May 2005/by Tyrepress Editors

ArvinMeritor to Consolidate Plants, Reports Quarterly Loss

(Akron/Tire Review) Automortive and commercial truck component maker ArvinMeritor said it will consolidate 11 of its manufacturing plants this year in a move to cut costs. The expected plant closure will result in a reduction of hundreds of salaried and hourly jobs. Most of the labour cutbacks are expected to come from its automotive product unit, where costs and margins remain depressed.

5th May 2005/by Tyrepress Editors

Economic Growth in Europe Hampered by Oil Prices, Report Says

(Akron/Tire Review – courtesy of China Daily) Manufacturing in the dozen countries sharing the euro declined for the first time in almost two years in April, adding to signs that record oil prices are dampening economic growth.

An index based on a survey of about 3,000 purchasing managers compiled by NTC Research Ltd. for Reuters Group Plc fell to 49.2 from 50.4 in March, according to figures available on the Internet yesterday. Economists forecast a decline to 49.8, the median of 35 forecasts in a Bloomberg survey showed. The index hadn’t dropped below 50 since August 2003, something that is indicative of contraction.

5th May 2005/by Tyrepress Editors

Three Offers Made For Pirelli Cables Unit

Shortly after Pirelli announced that it would build a new specialist cable manufacturing plant in Brazil, it has emerged that Pirelli has received three binding bids for majority stakes in its cables business. Goldman Sachs’ and Texas Pacific Group’s offers are seen as the frontrunners for the purchase, a source familiar with the situation told Dow Jones Newswires.

3rd May 2005/by Tyrepress Editors

Former Goodyear Vice President Named New Myers CEO

Following Stephen Myers’ decision to step down, John C Orr has been promoted to CEO of plastic, rubber products company Myers Industries in Akron, Ohio. According to reports the board did not waste any time in appointing Mr Orr, the company’s 54-year-old president and chief operating officer, as CEO.

3rd May 2005/by Tyrepress Editors