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.
Shares of Cooper Tire & Rubber Co. fell 1.9 per cent on 7 November following news that the company’s earnings in the third quarter of 2014 increased to 77 cents from breakeven earnings in the prior-year quarter. The latter figure is significant because it exceeded certain analysts’ estimates. For example the Zacks Consensus Estimate of 72 cents was some five cents below the actual results.
A new Automotive Council report has highlighted a fresh £2 billion growth opportunity for UK component suppliers as UK car makers enjoy an unprecedented period of success. The report, released at the recent Society of Motor Manufacturers and Traders’ (SMMT) Open Forum event at Cranmore Park, Solihull, assesses the ‘re-shoring’ potential for ‘upstream’ automotive suppliers […]
Pirelli has been recognized in the “Climate Disclosure Leadership Index Italy 2014” (CDLI), which evaluates the completeness of a company’s strategy against climate change and the transparency of its communication to stakeholders. Pirelli scored 99/100.
The result was announced 5 November in Milan during the presentation of the CDP Italy 100 Climate Change Report 2014, prepared by SDA-Bocconi with the support of IMQ, and focused on the ways in which the 100 biggest listed Italian companies face and manage climate change.
Commercial production has started at Yokohama Rubber’s tyre plant in India’s Haryana state. The facility, Yokohama’s first in the country, was officially inaugurated in February 2014 and undertook trial production throughout the first half of the year. Plant capacity during this initial phase of commercial production is 2,000 tyres a day. Plant output will focus on the Earth-1 tyre range, which has been specifically designed for the Indian market.
Shanghai-based contract tyre manufacturer SD-International recently reinforced its European sales team with the appointment of Andy Baron as sales manager (Northern Europe). Both this and the introduction of the company’s new Toledo range took place during October’s Britytrex exhibition in Manchester.
Russian tyre manufacturer Nizhnekamskshina has is broken through the 2 million all-steel radial truck Tyre barrier at its Nizhnekamsk factory. Nizhnekamskshina commissioned the factory in 2011 after a two-year, $575 million construction project, according to online news reports.
The pace of Toyota’s worldwide hybrid vehicle sales continues to accelerate with a further million units added in just nine months, taking the cumulative total through the seven-million mark.
Toyota’s hybrid range continues to grow, with 28 different passenger car models (including the Prius Plug-in hybrid) currently sold in more than 90 countries and regions. The new model strategy for 2014-2015 features 15 new hybrids, including in the UK the new Lexus NX 300h crossover and RC 300h coupe. In the future more new models and markets will be added.
The statutory negotiations at Nokian Tyres’ Finnish factory concerning workers and staff in car tyre production, maintenance and quality departments ended on 9 October 2014. Adjustments to production capacity utilisation as well as cost savings will be achieved mainly with temporary lay-offs and transfers to new positions. In addition, a pension plan for two employees comes into effect.
Starco has opened a new solid tyre manufacturing facility in Sri Lanka. The new facility, which has a capacity of 100,000 tyres per annum, replaces the original Starco facility in the country three years after starting production, and Starco states that the success of the venture has led to the need for a larger, more modern and better equipped factory. Starco continues that much attention has been paid to employee health and safety and welfare A Sri Lankan ceremony, in which the new workplace and its employees and management were blessed according to the local Buddhist tradition, was held in September to mark the opening.
British aviation tyre manufacturer, Dunlop Aircraft Tyres has identified a site in Mocksville, North Carolina as the preferred base for its first retreading facility in the United States. The world’s only specialist aircraft tyre manufacturer and retreader announced its decision to establish the facility in order to boost its competitiveness across the Americas.
Michelin North America and the municipality of the County of Kings, Nova Scotia, have agreed the sale of about 50 acres of land in Waterville to the tyre manufacturer for a reported sum of nearly $1.9 million.
Chinese tyre manufacturer Qingdao Sentury Tire has commissioned Finnish robotics company Cimcorp to deliver a new material handling solution for passenger car green tyre production. Plans are that the system will be fully operational next year, and the stated aims are to increase plant productivity and improve product quality.
It is reported that China-based Guangzhou Fengli Tyre and Rubber has started work on a project at its plant in Conghua, Guangdon Province, to install annual capacity for 10 million eco-friendly, high-performance tyres.
Hankook Tire’s Daejeon South Korea factory has suffered a fire, the company confirmed on 1 October. The fire is not expected to disrupt production since the damage is mostly to its warehouse. However a fifth of the warehouse has reportedly been lost along with some 180,000 tyres. According to local news reports, the warehouse held products destined for both domestic and overseas markets.
US-based bioscience company PanAridus recently announced granting of its ninth US Department of Agriculture (USDA) plant variety patent and the first tyre quality, bale-sized shipment of its guayule-derived biorubber. The announcement was made by company CEO Mike Fraley at the recent International Tyre Exhibition and Conference in Akron.
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