market share Archives - Page 7 of 23 - Tyrepress

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Is Your Company Active in Europe?

The recession of 2009 is fast becoming little more than an unpleasant memory and companies within the tyre industry are looking forward to a good and profitable 2011. Many are already preparing for this by investing in advertising for the coming year. Tyres & Accessories’ sister publication, Neue Reifenzeitung, is sent to German-speaking tyre industry professionals and thus provides an ideal platform for those wishing to maintain and expand market share in the important Central European region.

18th November 2010/by Tyrepress Editors

Ceat Launches Website to ‘Idiot-Proof’ Motorcyclists

Motorcycle and moped riders in India are receiving a reminder that “roads are filled with idiots” courtesy of a new safety-themed website launched by Ceat Ltd. The manufacturer has launched the memorably named www.beidiotsafe.com website to promote the grip benefits its range of two-wheel tyres can offer, yet the site’s refreshing directness means its appeal goes way beyond that of its intended audience. Visitors to the site are met by a 360-degree rotatable idiot diorama; after playing with this feature, sub-sections such as an idiot’s gallery, a ‘spot the idiot’ game and a link to where road users can share their tales of idiocy are just a click away.

17th November 2010/by Tyrepress Editors

October New Car Registrations Fall 22.2%

While the Society of Motor Manufacturers and Traders suggests the 2010 new passenger car market will be 1.5 per cent up on 2009 figures at the end of the year, October saw a “significant fall in… new car registrations,” says Paul Everitt, SMMT chief executive. Registrations fell 22.2 per cent to 131,495 in year-on-year comparisons, though this figure is in line with October 2009 if one discounts the Scrappage Incentive Scheme volumes. The impact of the Scrappage Incentive Scheme would therefore seem to have had no effect but to prop up the 2009 market temporarily, while the sluggish recovery of demand in 2010 could partially be the effect of consumers bringing new car purchases forward to take advantage of the scheme. Everitt also said “some deterioration in consumer confidence” was responsible.

4th November 2010/by Tyrepress Editors

Ceat Expands Nashik Plant Capacity

Ceat has reportedly increased tyre production capacity at its Nashik, India plant by over 1,000 tonnes a month. The plant produces truck, light commercial vehicle (LCV) and agricultural tyre products. Local news reports said that as a result of the expansion the Nashik facility’s truck tyre capacity has increased by 1,700,000 units, LCV tyres by 96,000 units and rear tractor lines by 50,000 units annually.

20th October 2010/by Tyrepress Editors

Kumho Segment Leader in Korean Customer Satisfaction Index

For the sixth consecutive year, the Korea Management Association has ranked Kumho Tires top in the passenger car tyre category of its Korea Customer Satisfaction Index (KCSI) survey. The index is calculated based on customer evaluations of a number of variables, including overall satisfaction, factor satisfaction and repurchase intent. Kumho Tires’ score of 67.7 secured it first place, and the tyre maker highlights that its score in the repurchase intention category was 11.1 per cent higher than any competing company – evidence, Kumho says, of a “green light” for expanding domestic market share.

7th October 2010/by Tyrepress Editors

Michelin Aims to Double Malaysian Market Share

International News, News

Amongst Michelin’s plans in Asia is a doubling of market share in Malaysia. Yves Pouliquen, managing director of Michelin Malaysia Sdn Bhd, reports the more than 1,000 outlets selling Michelin tyres throughout the country hold a ten per cent share of the market, and the tyre maker’s goal is to “grow that to 20 per cent.” One means the company has of increasing its presence in Malaysia is via the expansion of its Tyreplus network of independent tyre retailers. A year after its initial Malaysian market debut, the national Tyreplus network contains eight outlets, and Michelin plans to increase this to 50 centres by 2013 through a project Pouliquen says will cost some RM10 million (£2 million).

27th September 2010/by Tyrepress Editors

Mitas Tyres on Tractor Drag-Racing Champion

A “New Bufalo” Landini tractor fitted with Mitas 65 series tyres won the classic Italian tractor-pulling contest held in San Pancrazio, near Parma on 12 September 2010. The 14 teams featuring such poetic names as Baby Tornado (second), Cobrabite (fifth) and Speedy (last) met for the 11th time since 1999 to match their power tractors in this “nerves of steel” battle for primacy.

“This extreme tractor sport is electrifying,” said Gaetano Mellia of CGS Pneumatici Italia. CGS Tyres produces Mitas-brand tractor tyres. “Unlike in other sports, the sportsmen compete with end-user machines driving on end-user tyres with the lugs cut off. The tractor’s horsepower preserved by the tyre is one secret ingredient of victory.”

22nd September 2010/by Tyrepress Editors

Kumho Opens Australian Distribution Centre

As part of what it calls a “growing commitment to the Australian market”, Kumho Tyre Australia has opened a new AU$10 million (£5.9 million) purpose built distribution centre in Western Sydney. The company states the 5,000 square metre warehouse operation, which can hold up to 100,000 tyres, will greatly enhance the company's efficiency and ability to service the growing number of Kumho retailers.

8th September 2010/by Tyrepress Editors

Chinese Tyre Makers to Benefit from Keyuan SBS Facility

Chinese petrochemical product manufacturer Keyuan Petrochemicals reports it entered into land use right transfer agreements with local government agencies on August 18. Following their approval, the company will instigate plans for expansion on an 111,500 square metre site adjacent to its existing plant in Ningbo, Zhejiang province. In addition to building a storage and several manufacturing facilities as originally planned, the company has now announced it also intends to establish a Styrene-Butadiene-Styrene (SBS) production plant on the site. Work will begin in the third quarter of 2010.

27th August 2010/by Tyrepress Editors

Hankook Prepared for First Appearance at Moscow Auto Salon

Hankook Tire says it is excited to announce its first appearance at the Moscow International Automobile Salon. The company’s reports that its exhibition space (booth 430 in hall 12 for those of you planning to visit) has been custom designed for this show and reflects the growing importance of the Russian and CIS markets for the company’s future business strategy.

26th August 2010/by Tyrepress Editors

Russian Tyre Makers in Merger Talks

Russian business daily Vedomosti reports that Sibur Holding and Nizhnekamskshina, a Tatneft petrochemical subsidiary, intend to merge their tyre assets to create an entity holding two-thirds of the market share in Russia. While Sibur Russian Tyres general director Vadim Gurinov was quoted as saying no decision has yet been made regarding such a merger, the news that the two companies are in talks was confirmed by a Tatneft official.

24th August 2010/by Tyrepress Editors

Halfords Reports Group Revenues Up 9.6%, Flat Autocentre Sales

Halfords has reported that its group revenues (the period from 3 April to 26 July 2010, incorporating first quarter financial performance for the 13 weeks to 2 July 2010) increased 9.6 per cent year-on-year, reflecting the acquisition of Nationwide Autocentres in February 2010. However, like-for-like revenues at Halfords’ Retail and Autocentres business units were down -2.1 per cent and flat respectively. As a result, the Group level, this represented a like-for-like revenue decline of –1.9 per cent.

27th July 2010/by Tyrepress Editors

Tyreshopper Gets Online Performance Gong

Tyre e-tail operation Tyre Shopper (www.tyre-shopper.co.uk), which is linked to National Tyres parent company Axle Group Holdings, has been recognised as one of the top 10 most popular websites in its category in the UK Online Performance Awards 2009. The UK Online Performance Awards from Experian Hitwise celebrate the most successful UK websites across 60 key industries, based on market share of UK visits received throughout 2009. Hitwise monitors the internet usage of over eight million online consumers in the UK to gather this information.

22nd July 2010/by Tyrepress Editors

Demand for Industrial Tyres Lifts Trelleborg Wheel System sales

Although its year-on-year sales share of the group total slipped from 11.1 per cent in the second quarter of 2009 to 10.7 per cent in quarter two of this year, sales at Trelleborg Wheel Systems grew two per cent year-on-year during the three month period. Sales for the division came to SEK 795 million (£70.7 million), a figure that represents eight per cent organic growth counterbalanced by negative six per cent exchange rate effects. EBITA margin in the three months between April and June 2010 was 10.3 per cent, down from 13.8 per cent a year earlier. The Swedish company states that markets outside North America and Europe recorded positive performance for volume and earnings.

22nd July 2010/by Tyrepress Editors

Conti Wins Reifen Innovation Award for Paperless Invoicing System

As well as displaying its impressive range of top-quality products on its large stand in Hall 3 at Reifen 2010, Continental’s customer service was deemed award-worthy by the judges for the Innovation Awards. The German manufacturer received the Award for its new electronic invoicing system that provides improved recording and exchange of invoicing and credit notes between Continental and customers in the tyre field. Paper and postage have both been squeezed out of the process, saving money and preserving the environment. Invoices are transmitted securely to prevent data from being stolen by unauthorized viewers.

Alfredo Mate, head of Continental business development for Germany, Austria and Switzerland, accepted the prize: “We're very pleased that our new e-invoicing system has been a hit with both our customers and the jury, making a convincing argument for eliminating paper and exchanging data electronically. Data security was our overriding concern when we were designing the system, followed by a quick and uncomplicated workflow.”

8th July 2010/by Tyrepress Editors