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.
Tyre major MRF Ltd is reportedly increasing tyre production capacity at its eight manufacturing facilities across the country as part of its capital expenditure plan. “The company, in line with its long term strategy, proposes to increase capacities across all its existing factories,” MRF said in its reply to the Bombay Stock Exchange (BSE). According […]
Leading Italian brake brand, Brembo, has announced plans to invest 32 million euros in an aluminium brake caliper manufacturing facility in Escobedo, Nuevo Leon, just outside of Monterrey, Mexico. According to the company, the plant will include a new aluminium foundry and machining facility capable of producing two million calipers per year destined for the company’s customers in the NAFTA region. The foundry will have a melting capacity of 14,000 tons. The facility will cover 31,500 square metres and when fully operational is expected to generate an annual turnover of 100 million euros. The plant is expected to commence initial production in 2016 and be fully operational by the end of 2018.
Kiswire, Inc. is continuing the expansion of its South Carolina, USA tyre cored factory with the investment of $30 million, a figure which is to expected to create 45 new jobs. Once the expansion is completed, Kiswire, Inc. will employ approximately 200 at its two Newberry, South Carolina facilities. The latest move represents the second […]
Vacu-Lug Traction Tyres has launched the first in its new flagship range of commercial vehicle drive axle tyres, inspired by the latest production techniques and technologies used in aircraft and high-performance tyres. According to the company, the Vacu-Lug Logistik range is designed to offer operators the “very, very lowest costs per kilometre”.
Grantham-based commercial tyre remoulding specialist Vacu-Lug has already launched its Logistik 295/80R22.5 drive tyre, in its new Logistik drive pattern. The 315/70R22.5 tyre is poised to launch early in the New Year.
UK truck and bus manufacturing sector could be on the up, with the industry showing signs of improvement, according to the latest detail published by automotive industry association SMMT. Indeed the latest data suggest that October saw the smallest monthly fall since June 2013.
Executives are moving to re-open the former General Tyres and Tubes factory in Nigeria, according to local news sources. The bid to reopen General Tyres and Tubes Company, Emene, Enugu, a subsidiary of Innoson Group, the Bank of Industry (BOI) sees executives promise to meet the relevant stakeholders with a view towards resolving lingering problems between the company and the National Environmental Standards and Regulations Enforcement Agency (NESREA).
With Cooper, Mitas and most recently Michelin all upping production capacity in Serbia, you can understand the Serbs have invested in communicating the benefits of locating tyre production in the area during the course of 2014. But that’s not all. They have also invested in travelling all the way to Grungrao, Shandong provice, China in order to court the attentions of up-and-coming Chinese tyre manufacturers too.
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.
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