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.
With 2019 annual sales of 88.4 billion euros, the Volkswagen Passenger Cars brand’s figures were 4.5 per cent higher than the previous year. As a result, Dr. Herbert Diess, Chairman of the Board of Management of Volkswagen AG described 2019 as “a very successful year for the Volkswagen Group”. However, he went on to describe 2020 as “a very difficult year”:
In light of the Covid-19 coronavirus outbreak, Prime Minister Boris Johnson has asked UK manufacturing firms to assess whether they can shift production to ventilators for the NHS on Monday 16 March 2020. A day earlier Health Minister Matt Hancock wrote: “We now need any manufacturers to transform their production lines to make ventilators. We cannot make too many”, in a Telegraph article.
The PSA group’s Executive Board and crisis unit have stopped vehicle production at its European factories until 27 March 2020. The temporary closure move takes effect between 16 and 19 March, according to the following schedule:
Pirelli Tire North America has announced that it will increase prices in the US for car and light truck tyres. The price increase is set to take effect from 6 April 2020.
Pirelli’s business activities are “guaranteed”, despite the steps taken by the Italy government in light of the Covid-19 coronavirus. And there has been no impact on production activities, according to the company.
Marangoni Group has posted a statement on its twitter feed reassuring customers that its Italian production facilities will continue manufacturing despite the coronavirus (Covid-19) emergency. The statement follows the news that 16 million Italian citizens have been quarantined in the North of the country as a result of the epidemic.
The Alsdorf, Germany-based 4JET Group has acquired the Hennecke Systems’ TIS testing systems tyre and wheel inspection business unit.
TIS systems are based on Hennecke Systems’ industrial image processing know-how and enable optical 2D and 3D inspection of tyre treads, sidewalls, rims and mounted wheels. As a result of the
As of 5 February 2020, the World Health Organization (WHO) reports that there have been 24,554 confirmed cases of coronavirus across 25 countries since the outbreak began on 23 January 2020. Governments all round the world are taking steps to contain the spread of the virus as well as to develop treatment, but China is bearing the brunt of it with 24,363 cases within its borders alone. As a result, the transport systems of at least 10 cities in the People’s Republic have been shut down and public gatherings are being discouraged. As a result, home-working rates have shot through the roof and there has been an inevitable impact on the manufacturing industry. Considering China is the world’s largest manufacturer of tyres by unit volume, what impact is the coronavirus having on the tyre industry?
On 6 January 2020, Cabot China Limited, a wholly owned subsidiary of Cabot Corporation agreed to buy Shenzhen Sanshun Nano New Materials Co., Ltd, a leading carbon nanotube (CNT) producer in China. The $115 million pricetag reportedly includes “liabilities and contingent payments”. According to the company, the move is designed to strengthen Cabot’s position in the high-growth batteries market, particularly in China, which is the largest and fastest growing electric vehicle market in the world.
Guizhou Tire recently broke ground on two new tyre production facilities near the firm’s headquarters in Guizhou, Guiyang province. According to Asian Rubber Journal reports, when operational, the first – a $307 million plant – is expected to generate nearly $426 million annually. Capacity is salted to be 3 million truck tyres a year.
SAR Elektronic GmbH and Pelmar Engineering Ltd. recently signed a Memorandum of Understanding between the companies for the sale and distribution to the tyre industry worldwide. SAR manufactures advanced machinery for applications of glue and foam into radial passenger tyres to enhance puncture protection and noise reduction.
Nokian Tyres is changing its tyre bags to more environmentally friendly ones. Producing bags partially from biomaterial reduces carbon dioxide emissions by up to 75 per cent compared to making bags from virgin or recycled plastic.
Nynas AB (publ) filed for “company reorganisation” in Sweden at Södertörn’s District Court today (Monday 16 December 2019). According to a company statement, Nynas’s banks have refused to continue to extend loans to the company and therefore “Nynas cannot pay due debts forcing the company to apply for a reorganisation”.
Recently founded retreading machinery supplier NeroForce (based in Leipheim, Southern Germany), has been appointed as exclusive European distributor of Akarmak machines throughout the continent.
Dunlop Aircraft Tyres Ltd (DATL) is planning to invest 1 trillion rupiah (£54.14 million; 64 million euros; US$70.92 million) in an aircraft tyre retreading factory in Karawang, West Java, Indonesia. According to several local news sources, the retreading factory will be followed by a new aircraft tyre production plant as well.
If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.