OTR tyres Archives - Page 83 of 103 - Tyrepress

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No Price Increases for 2008 – ATC

A company enjoying considerable media attention within the tyre industry this year is American Tire Corporation; since the start of February the previously low profile company has reported plans to build a half billion dollar OTR tyre facility and shared news of a “big” acquisition offer, which it declined on the grounds of conflicts between an outright acquisition and the firm’s current development strategy.

Making the news for a third time in little over a week, on Sunday 10 February American Tire Corporation announced a sweeping host of across the board price non-increases. According to the company’s press release “American Tire Corporation has decided to maintain its OTR tyre prices at current levels while other US tyre manufacturers have increased or are planning to increase their prices from the beginning of 2008.” The company further promises “no price increase will take place this year.”

11th February 2008/by Tyrepress Editors

‘Poke Us, and We’ll Poke Back’ – Titan Tire

One of the key agitators behind the US Department of Commerce’s anti-dumping duties has praised the February 6 decision to introduce tougher measures against subsidised OTR tyres from China. Titan Tire, a vocal advocate of US business rights, released a statement on the issue from company chairman and CEO, Maurice M. Taylor.

“Today’s decision will help to restore conditions of fair trade to the US market for OTR tyres by requiring Chinese imports to be priced fairly,” announced Taylor. “For far too long, US producers of OTR tyres such as Titan and our workers have had to compete against Chinese tyres sold at dumped prices, which is illegal. Now, importers and producers will have to compete on the same level field as other producers.”

8th February 2008/by Tyrepress Editors

US Outlines Duties on OTR Tyre Imports

The US Department of Commerce has set in place preliminary anti-dumping duties of up to 210 per cent on Chinese made OTR tyres allegedly sold in the US at artificially low prices. These duties were implemented on February 6, and tyres thereby now become the sixth Chinese product to fall foul of US anti-dumping duties since the start of 2008.

“Price distortion by Chinese exporters puts American manufacturers at an unfair disadvantage,” said David Spooner, assistant secretary of commerce for Import Administration, in a statement announcing the action. “In an effort to encourage a healthy economic environment and to strive to maintain a strong and fair relationship with our trading partners, the administration will continue its commitment to aggressively enforce America’s trade remedy laws.”

7th February 2008/by Tyrepress Editors

OTR Company Declines Acquisition Offer

American Tire Corporation (ATC), the company that recently appeared on the tyre industry’s radar screens after disclosing its astonishing intention to build a half billion dollar OTR tyre factory in the US, reported on February 6 that it has declined an acquisition offer made by a “multi-billion US company.” According to an ATC press statement, the company received a letter of intent that ATC says “clearly expresses, the investor’s strong interest in ATC and its OTR tyre business, in addition to its new project in Washington.” Furthermore, reports ATC, the un-named company included a “big” offer for the 100 per cent acquisition of ATC.

6th February 2008/by Tyrepress Editors

US OTR Tyre Manufacturer Unveils Ambitious Expansion Plans

Manufacturer of OTR tyres for the mining, construction and port handling industries, American Tire Corporation (ATC), has finalised the development plans for its new factory. It intends to place a total investment of US$500 million into the Washington based facility, a 130 acre site housing seven manufacturing plants, two warehouses, a distribution centre and a research and training building.

These ambitious plans were announced on February 3 and are intended to aid in the expansion of the company’s US operations and the development of a more “aggressive” growth strategy in the OTR tyre sector. According to a press release published on the PRWeb website, ATC will “build the most advanced tyre-building machines and vulcanising machines on site.” All related equipment, construction and raw materials will reportedly be procured via tender during the first half of this year. ATC is inviting tyre equipment and raw material manufacturers, along with construction companies, to submit offers before March 31.

4th February 2008/by Tyrepress Editors

Barrick to Fund Yokohama OTR Tyre Expansion

Further to the January 30 announcement that Yokohama Rubber has signed an OTR tyre supply agreement with Barrick Gold Corporation, the mining giant disclosed it has provided Yokohama with financial assistance to upgrade its facilities in preparation for supply.

The 5 billion yen (£23.57 million) expansion includes a new building, production line, and related equipment, and according to a statement released by Barrick these additions will be primarily funded by a US$35 million loan made available by the company. Start up, Barrick adds, is scheduled for late in the fourth quarter of 2008.

31st January 2008/by Tyrepress Editors

Yokohama Signs OTR Supply Agreement with Barrick Gold

Yokohama Rubber announced on January 30 that it has signed a long-term contract with Barrick Gold Corporation for the supply of OTR tyres. Under the terms of the contract, Yokohama Rubber shall deliver approximately 1,300 tyres a year to Barrick for ten years, from 2009 to 2018. To meet this new demand, Yokohama began building the third plant at its Onomichi facility in Japan’s Hiroshima Prefecture in October 2007. The Onomichi plant specialises in the manufacture of OTR tyres and the additions to the facility currently under construction are scheduled to begin operation in January 2009. Yokohama Rubber plans to invest approximately 5 billion yen (£23.57 million) into the third plant’s construction.

Headquartered in Toronto, Canada, Barrick Gold Corporation is the world’s largest pure gold mining company, and owns approximately 30 mines around the world. The company is expanding its mining operation to meet a fast growing demand for gold from the decorative and industrial use markets, thus needed a secure tyre supply in the current environment of global shortages.

30th January 2008/by Tyrepress Editors

The Other Recycling…

In January the Tyre Recovery Association announced that Devon based retreading specialist Bandvulc had signed on as its latest member. The company’s entry into the TRA marks the first occasion in which a company specialising in retreading has held membership in the recycling and waste tyre organisation. And so, when looking at the latest TRA membership list and noting the retreader amongst a host of members engaged in producing tyre crumb for various end uses, one may be tempted to ask why a retreader has joined a recycling organisation – but perhaps a more pertinent question would be this: despite the presence of 29 precure and 15 mould cure retreaders in the UK market, why doesn’t tyre retreading more readily spring to mind when the issue of tyre recycling is mentioned?

29th January 2008/by Tyrepress Editors

Bridgestone Prices on Way Up in North America

North America market prices for Bridgestone and Firestone brand tyre lines, plus all Bridgestone Firestone North American Tire (BFNT) associate brand tyres, are to increase by up to 8 per cent. These increases, which commence March 1, 2008, will apply to OE, replacement and export market tyres in the passenger, light truck, TBR, OTR and agricultural tyre segments.

“The continuing unprecedented upward spiral of energy and raw material costs makes this action necessary,” said Asahiko “Duke” Nishiyama, vice chairman and president of BFNT. “This unrelenting escalation of costs is simply not a situation that can be managed through the enhanced efficiencies and increased productivity that we are continually implementing at all levels of our company. As a result, we have no choice but to implement this price increase.”

29th January 2008/by Tyrepress Editors

OTR’s TotalTyreLogic Goes Down Big In Scotland

TotalTyreLogic, the cradle to grave earthmover tyre management system from OTR Tyres, is having a big impact on the quarrying industry in Scotland, where it is being used in more than 30 quarries.

The service tracks, monitors and manages the condition of the tyres, including site surveys and detailed recommendations of operational practices, to aid budgeting and give visible asset management.

Tyre data is correlated by OTR’s Tyre service Engineers through on-site visits and recorded on hand-held organisers before being downloaded directly to bespoke software foe interpretation and analysis. Customers can see and monitor how their tyres are performing on individual machines in specific locations and implement changes as necessary.

28th January 2008/by Tyrepress Editors

Tyre Specialist Becomes Sheep Midwife

When Goodyear Dunlop UK off-the-road tyre specialist, Brian Eastman, visited a farm in Shurford he ended up using a more “hands-on” approach than he bargained for. In January Eastman was visiting Richard Parris at Cutliffe Farm when farmer Parris received a call informing him that one of his sheep was in a bit of bother during labour. He leaped to the rescue, taking an intrigued Brian Eastman with him, whereupon they found the sheep was struggling with a lamb in a breach position. Parris took control, whil Goodyear’s Eastman held the sheep in place and kept it calm. “It was an interesting night at the farm and certainly a first for me! Mother and baby are doing well!” Brian Eastman told T&A. Perhaps his example will lead to animal midwifery being added to OTR tyre training!

25th January 2008/by Tyrepress Editors

Dunlop India Hopeful for Fresh OE Agreements

Dunlop India is reported to be seeking fresh OE deals. According to the Times of India, the Ruia Group company has entered into talks with India’s largest commercial vehicle maker, Tata Motors, regarding a truck tyre deal. Company chairman Pawan Ruia also stated that Dunlop India hopes to come to an arrangement with India’s Bharat Earth Movers Ltd (BEML) for the supply of OTR tyres. The manufacturer of earthmoving and heavy industrial equipment recently signed an OE agreement with Apollo Tyres, for which the company is increasing its OTR tyre capacity from 10 to 60 tonnes per day.

Mr. Ruia added that Dunlop India is also in negotiations with Hindustan Copper and Coal India for the supply of OTR tyres.

21st January 2008/by Tyrepress Editors

Titan Tire to Increase Prices

Titan Tire will increase prices on Titan, Goodyear and General branded OTR, farm and construction tyres as of March 1. The company reports that the increases will offset rising raw material, energy and transportation costs. While Titan reports that most prices will be seven per cent or less, it adds that “certain tyre prices may rise in excess of seven per cent due to realignment and positioning of the product.”

17th January 2008/by Tyrepress Editors

Apollo Announces Results, Projects

Gurgaon, India, January 15, 2008: The board of directors of Apollo Tyres Ltd, on January 15 announced the company’s unaudited results for the third quarter of the financial year 2007-08. The board also approved investments of Rs 3.6 billion (£46.8 million) for various green and brown field projects to be implemented in India.

Net sales for the companies India & overseas operations closed at Rs 12.4 billion (£161.1 million) up 14 per cent £140.3 million) from Rs 10.8 billion. Operating profit rose by 60 per cent, and net profit, at Rs 820 million (£10.7 million), increased by 165 per cent.

Commenting on the results, Onkar S Kanwar, Apollo chairman & managing director, said: “This is the kind of steady growth that we are looking to maintain in India, South Africa or any other market that we work in, in the near future. Our strength in manufacturing and people are assets, and Indian companies need to leverage these to ensure that we build Brand India as a quality manufacturer of products and services.”

15th January 2008/by Tyrepress Editors

Apollo Unveils Concept Tyres

Apollo Tyres is a manufacturer moving up in the world; the company is in the process of significantly expanding its production capacity, and the acquisition of overseas companies plus the establishment of a greenfield facility in Europe is on the cards. A further sign that Apollo aspires to bigger and better things is the unveiling of its, and India’s, first concept tyres.

The first of these is called the Aspire TT and has been designed for Apollo by Turin based Tom Tjaarda, designer of over 70 well-known cars including the De Tomaso Pantera, VW Karmann Ghia 1500, Fiat 124 Spyder and Ferrari 330GT and 365 GT Coupe. The Aspire TT features a bi-directional asymmetric tread pattern. Displayed alongside the Aspire TT at the Auto Expo 2008 in New Delhi was the Dolphin concept, a tyre offering strong wet weather performance.

14th January 2008/by Tyrepress Editors