Manufacturing Archives - Page 76 of 259 - 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.

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Apollo contemplating new regional expansion

In a speech at Apollo Tyres’ annual general meeting, company chairman Onkar S Kanwar named several regions the company has identified as potential future “home markets” and sites for manufacturing facilities. He shared that Apollo increased its revenues 37 per cent to US$2.5 billion last year and is currently growing at above local industry rates in its current home market regions of India, Europe and South Africa – and therefore the company feels the time is right to expand this base. He cautioned, however, that such plans may squeeze profit margins in the short-term.

9th August 2012/by Tyrepress Editors

Superior Industries’ Q2 net income 56% lower

Wheel manufacturer Superior Industries International has reported a net income of US$6.4 million for the second quarter of 2012. This result for the three months to 30 June represents a 56.4 per cent year-on-year drop in net income despite a three per cent increase in consolidated net sales to US215.1 million. Unit shipments increased 14 per cent to 3.3 million from 2.9 million in last year’s second quarter, while gross profit was $15.7 million, or seven per cent of net sales, compared with $19.5 million, or nine per cent of net sales, in the comparable period a year ago.

6th August 2012/by Tyrepress Editors

New investors expected to restart GTEA production

International News, News

Production at Tanzanian tyre maker General Tyre East Africa will reportedly resume within a year. Last year management of the company – which hasn’t produced a tyre since 2007 – was placed in the hands of Tanzania’s National Development Corporation, and the corporation’s corporate affairs manager now says that investors from China, Malaysia and South Africa have shown interest in the getting the company up and running again.

6th August 2012/by Tyrepress Editors

Michelin marks 10 years of PRM

Michelin Tyre PLC is celebrating 10 years of its Performance and Responsibility Michelin (PRM) programme, the company’s Corporate Social Responsibility charter. In 2002, the company developed the PRM framework to provide a more strategic approach to the efforts it was already making to improve the support it provides to employees, communities and the environment.

2nd August 2012/by Tyrepress Editors

Alba Diagnostics braking expertise delivered

Scottish braking firm Alba Diagnostics was established in 1991, designing and manufacturing professional garage equipment. Developing from a two-person operation, Alba became the manufacturer of what it says is the world's number one brake fluid tester. The company has recently been talking up the benefits of offering customers free brake fluid checks using the Alba Diagnostics brake fluid tester. This is a boiling point tester; the only approved way to test brake fluid.

1st August 2012/by Tyrepress Editors

Gajah Tunggal to build proving ground, start TBR production

Along with reporting its latest financial results on 1 August, Indonesian tyre maker PT Gajah Tunggal Tbk shared that in the second quarter of 2012 it completed the acquisition of some 100 hectares of land for around US$108 million. This purchase was financed with internal resources and Gajah Tunggal says acquiring this land, located in a new industrial estate in Karawang, Indonesia, serves two main purposes. Part of the land area will be used to build a tyre proving ground; groundbreaking will start in the coming months and is expected to be completed in two to three years’ time.

1st August 2012/by Tyrepress Editors

EC1222.com tyre label data system

With tyre labelling legislation less than 100 days away, EC1222.com has announced the launch of a tyre labelling database. EC1222.com is a subsidiary company of DriveRight, which already provides vehicle and component data to garages.

31st July 2012/by Tyrepress Editors

Change to new size equals 25% better mileage for Prestons

Size does matter, and this is precisely the reason why Prestons of Potto doesn’t regret a switch from 295/80 R 22.5 drive axle tyres to 315/80 R 22.5 fitments on its new tractor units. The different size tyres – all Michelin XDN2 Grip – were specified on 20 new Scania R480 6×2 tractor units that entered service with the Northallerton-based company in February and March 2010. After more than two years on the road, Prestons reported that the highest-mileage tractor unit had clocked up 325,683 miles (524,137 kilometres) before its tyres needed replacing.

31st July 2012/by Tyrepress Editors

HiQ responds to BMW theft claim

A report in the consumer press claiming that a rise in BMW thefts can be attributed to aftermarket technicians – courtesy of a European Union regulation – has been branded as “outrageous and wholly inaccurate” by HiQ. The company’s fast fit manager, Stuart Carr, has joined the Independent Automotive Aftermarket Federation in refuting claims that a recent rise in BMW thefts is linked to the independent automotive aftermarket.

30th July 2012/by Tyrepress Editors

Recruitment begins for Conti’s Sumter plant

Continental Tire the Americas has begun recruiting employees for its new plant in Sumter, South Carolina. The tyre maker says the staffing process and manufacturing training for the first 150 employees will begin in the first quarter of 2013, and during the first phase of production in late 2013 and early 2014 the Sumter facility will employ around 300 production workers. Around 1,600 people will work at the plant when work is complete and production is in full swing.

30th July 2012/by Tyrepress Editors

TAFF Awards 2012: Environment Award nominations

In recent years, the subject of the environment has assumed ever-greater importance as regulations have tightened their grip. Only two survivors from last year's final shortlist have made it through to this year's. These are Vellco Tyre Control (who won in 2011) and Bandvulc, which is the only retreader in the final five. The other finalists are newcomers (to the TAFF Awards) Murfitts Industries, DME Tyres and Sapphire Energy Recovery.

27th July 2012/by Tyrepress Editors

Magna Tyres in use at Scottish Coal

Following the announcment that Dutch tyre firm Magna Tyres became an official preferred supplier to Terex Cranes in March, the company has continued growing both around the world and closer to home. All cranes produced by Terex at its Zweibücken, Germany and Montceau les Mines, France production lines are now equipped with Magna Tyres as standard.

26th July 2012/by Tyrepress Editors

Titan International proposes £115 million all-share offer for Titan Europe

Titan International is proposing an all-share offer for Titan Europe valued at more than £115 million. The deal amounts to one Titan International common share per 11 Titan Europe ordinary shares. According to the convoluted language of the official statement disclosing the proposed offer, Titan International is after not less than 51 per cent of Titan Europe shares and 51 per cent of its voting rights. The company already holds 21.67 per cent.

26th July 2012/by Tyrepress Editors

TAFF Awards 2012: Tyre & Aftermarket Equipment Supplier of the Year

Last year's Tyre & Aftermarket Equipment Supplier of the Year winners (at their first attempt) Autogem Motor Concepts are joined this year by regular finalists Apaseal and Rema Tip Top Automotive. A new name is that of Pang UK and the final company in the shortlist is that of CAM Systems – very different from the others in that it provides software solutions as opposed to machinery and consumables.

26th July 2012/by Tyrepress Editors

Govind Rubber expands with India plant, Netherlands subsidiary

Tyre and tube manufacturer Govind Rubber Limited has announced an 8.5 billion rupee (£97 million) expansion plan for its. GRL is setting up a Greenfield project in Gujurat, near Dahej, taking up most of the capital investment (approximately 7.5 billion rupees/£86 million). Chairman and managing director Vinod Poddar said “The plant will have a production capacity of 225 tonnes per day,”

25th July 2012/by Tyrepress Editors