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Net Loss for Ceat in Last Quarter

India’s Ceat Ltd has reported a net loss for the quarter year to December 21, 2008. According to the tyre maker, losses for the period amounted to Rs 216.4 million (£3.1 million). During the corresponding quarter of 2007 the company posted a net profit of Rs 192.3 million (£2.7 million).

A net loss was recorded despite an increase in quarterly sales. In a filing with the Bombay Stock Exchange, Ceat reported company earnings rising from Rs 5.69 billion (£80.4 million) in the final three months of 2007 to Rs 5.93 (£83.8 million) billion last year.

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TyreGenics Enters Administration

Some 18 months after opening, the TyreGenics recycling joint venture in Baglan, South Wales, has been placed into administration. The £4 million, 80 tonne per day capacity facility was developed by major shareholder Credential Environmental along with BOC, FieldTurf Tarkett and RTI Cryogenics, and began operation in July 2007. From the outset it was announced that FieldTurf had committed to purchasing 70 per cent of output for the first three years, yet in spite of this assured market the facility has been affected by dwindling demand.

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The 3rd Azerbaijan International Spare Parts, Accessories and Service Equipment Exhibition

The Autoparts Exhibition has become an important meeting place for the representatives of the automobile industry for exchanging information and experiences. AutoParts 2009 will present automobile parts, engines and mechanics, accumulators, electric equipment and electronics, gearboxes, exhaust systems, steering control, break systems, suspensions, automobile accessories, audiosystems, technical maintenance of automobiles, production equipment and tuning. The AutoParts exhibition is intended for exhibitors who supply materials, equipment and services for the automobile industry and automobile operation. Iteca Caspian LLC and the ITE Group are the organisers of the exhibition and The Ministry of Transport of Azerbaijan, Head Office of State Road Police and Azerbaijan Export and Investment Promotion Foundation offer official support. For the first time there will also be a wide range of tyres from the world’s leading manufacturers and automobile car-washers for commercial transport at the exhibition.

Over 50 leading brands from European and Asian countries have confirmed their participation in the exhibition so far. Companies from Japan, Italy, Germany, Turkey, UAE, Iran, China, India, Russia, Belarus and Finland have confirmed their participation.

Both the Azerbaijan automobile market and the AutoParts exhibition are increasing in size. The demand for spare parts and accessories from different manufacturing countries is not only based on local repairs, but also for buses, agricultural machinery and company cars and the many companies and entrepreneurs that are involved in the Azerbaijan automobile business. The AutoParts 2009 exhibition provides an opportunity to demonstrate and promote products from global manufacturers for repair and maintenance of automobile. AutoParts 2009 will also present the possibility to increase international contacts, sign contracts and demonstrate to visitors new products available within the Caspian market.

Companies who may be interested in exhibiting or attending this show please contact:-

Babek Amashov
Project Manager
ITE Group Plc / Iteca Caspian LLC
Baku, Azerbaijan
Tel: + 994 12 4474774
Fax: + 994 12 4478558
Mob: + 994 55 348 80 55
E-mail: auto@iteca.az
www.autoparts.iteca.az

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Delticom Stores Granted TÜV Shopping Seal of Approval

European online tyre retailer Delticom has expressed ‘delight’ that its online shops have been given the seal of approval by German certifier TÜV. Starting with the company’s German ReifenDirekt.de site, fifteen of Delticom’s shopping websites have been awarded TÜV S@fer Shopping status, and the company hopes this distinction will signal to customers a safer and comfortable online purchase.

There are strict requirements for the TÜV award, which is renewed every year in extensive tests. The certification focuses on a number of areas, including user-friendliness and transparency. Amongst other site qualities, TÜV requires that online customers find a clear menu navigation that allows them to complete the purchase process easily. Whether or not a site assures the protection of consumer data is another important factor taken into account.

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Performance Fibers Reduces Salisbury Workforce by 20%

During the last week of January, US based fibre producer Performance Fibers announced it had laid off a fifth of the workforce at its Salisbury, North Carolina facility. The plant, which includes HMSL tyre yarn in its production portfolio, is one of the local area’s ten largest employers – although the precise number of employees affected by the layoffs is not known as Performance Fibers holds the size of its workforce at Salisbury confidential for competitive reasons.

“This reduction in the workforce is part of a year-long effort at Performance Fibers to right-size our manufacturing footprint to better align with the needs of our customers’ demands for our products,” said company spokesman Jay Pomeroy. “While some of these reductions were due to the economy, they are more tied to the long-term strategy of serving our customers and keeping our business profitable.”

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Michelin to Open Serbia Logistics Centre

Serbia’s Tanjug news agency reports that Michelin intends to open a logistics centre within the country. Michelin Group managing partner Michel Rollier met with Serbian deputy Prime Minister Bozidar Djelic during the Davos economic forum, says Tanjug, and plans were made for to establish such a facility before the middle of 2010.

Also on the agenda was production capacity: “We discussed the possibility of increasing production from six million tyres a year, the current output of Tigar–Michelin Company and we will keep working on that,” added Djelic.

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Hankook – “Kontrol Technology”

“Kontrol Technology” is Hankook’s technology philosophy, which reflects how the tyre should perfectly control the interaction between the driver, the car and the road while in motion (the ‘K’ stands for kinetic). It is implemented to ensure that Hankook provides the greatest benefits and driving experiences to customers in terms of safety, driving comfort, handling, performance and environmental friendliness.

As well as a Kontrol Technology information booth at Sema, Hankook showcased its new, environmental tyre – enfren – which has completed the Kontrol Technology cycle and was launched in Korea. Hankook is exploring the possibility of a North American version within three years.

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Michelin & Renault Crossing World Together in 2009 Cape-to-Cape

Michelin has been selected by Renault Trucks as exclusive tyre supplier for the upcoming Cape-to-Cape rally. This is the second occasion on which the two companies have together embarked on such an undertaking – in 2005 Michelin and Renault jointly participated in the Silk Road event. The new adventure, which gets underway on 1 March, 2009, will see six Renault Kerax and six Renault Sherpa trucks drive the length of the planet, north to south, on Michelin XZL tyres. The vehicles (and their tyres) will cross 21 countries, covering a total of 30,000 kilometres in extremely challenging conditions, ranging from the icy cold of northern climates to the oppressive heat of the desert and from harsh, rugged terrain to soft, loose ground.

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Nankang Rubber Celebrates its 50th Anniversary

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The predecessor of Nankang Rubber Tire Co. Ltd, Nankang Rubber Plant, was founded in Taipei city, Taiwan in 1945, mainly producing rickshaw tyres, rubber shoes and industrial products. In 1959, the company underwent privatisation and was reorganized as Nankang Rubber Tire Co. Ltd., as it has been for the past 50 years. To meet the growth of business scale, a second plant was established in Shin-Fung, Hsinchu County in 1973. In 1997, the latest plant, Nankang International Co., was finally set up in Zhangjiagang free trade zone, Jiangsu Province, People’s Republic of China, with the highest production capacity of 37,000 pieces a day. This month, as the company reaches the half century mark, Tyres & Accessories looks over the company’s five decades of history.

Back to 50 years ago, when the economic and industrial infrastructure was insufficient, and when the technology and raw material of the rubber industry was not easily accessible, Nankang Rubber Tire Co. had to rely on its own to overcome the challenges in terms of technical procedure, design and facilities.

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Buying in Bulk Enables Star-Tyre to Pass Savings Onto Customers

Over the past several years, tyre distributor Star Group Shanghai Co. Ltd. (Star-Tyre) has experienced rapid growth. The company’s inventory encompasses over twenty-three different popular brands of Chinese tyres, and the company reports it has strategically aligned itself with a number of China’s leading tyre manufacturers – a move Star-Tyre believes has brought about one of its greatest advantages.

The Shanghai headquartered firm operates distribution warehouses in China’s Qingdao, Shanghai, Dalian and Tianjin regions, and keeps considerable stock in its premises, which are located near major international seaports. This gives, says Star-Tyre, the company the opportunity to provide faster and more effective delivery to its clientele in any world destination. The distributor adds that its ability to purchase products in volume affords it a price advantage over competitors – an advantage Star-Tyre says it passes onto its customers in the form of a better purchase price.

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Marangoni MiTo Goes Flat Out

Just a couple of months after its debut at November’s Essen Motor Show, Tyres & Accessories has heard that Marangoni’s souped-up 233 bhp Alfa Romeo MiTo project car recently encountered an altogether more normal problem. Yes, you guessed it, the MiTo’s specialist Mythos tyres decided to suck up a nail. However, all was not lost as company representatives decided to practice what they preach and make use of their own lifetime warranty.

The rogue nail attacked the MiTo’s special “fire red” 18-inch Marangoni Mythos tyres during a recent test drive by a leading consumer press title at Bruntingthorpe Test Ground. Unbeknown to the test drivers, the puncture occurred just one week and only 1,000 miles after this set of tyres had been fitted. The puncture only became apparent when preparing the car for a special press photo shoot.

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Michelin US Recalling Mislabelled Pilot Alpin Tyres

A recall of US market Michelin Pilot Alpin tyres is underway in the US. A total of 784 Pilot Alpin PA2 ZP 225/50R17 94H tyres manufactured between September 17, 2006 and June 14, 2008 are included in the recall. These tyres, reports the NHTSA, fail to conform to US labelling requirements as the “DOT” symbol is not present of the sidewall and therefore the tyre contains no declaration as to its certification.

Michelin will notify owners and replace the noncompliant tyres free of charge, including mounting and balancing. The recall is expected to begin during January.

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Schaeffler Walks Away Without State Aid After Initial Talks

Schaeffler Group and Continental AG walked away empty handed from financial support talks with federal ministers. They also received this advice: a “viable and forward-looking” plan, agreed on with creditors, is “a prerequisite for further negotiations.” According to an earlier Reuters report, Schaeffler Group had “sounded out” the German government about the possibility of 4 billion euros ($5.23 billion) in capital. The Federal talks came after talks with German states, including Bavaria, Lower Saxony and Baden-Wuerttemberg were unsuccessful. For its part Bavaria’s government said only loan guarantees would be considered.

The delegation will have to rethink its approach after German Finance Minister Peer Steinbrueck said taxpayers wouldn’t be funding Schaeffler: “It’s not the job of the state to intervene in cases in which business decisions were possibly not thought through enough,” Steinbrueck Berliner Zeitung.

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PYReco to Build Heat Degradation Tyre Recycler

Tyre recycling firm PYReco plans to build a pioneering £80 million tyre recycling plant in North East England, the first of its kind in Europe. The scheme is underway thanks, in part, to the support of Renew, an organisation tasked with driving a low carbon and sustainability agenda with industry in the region.

The plant will be built at the South Tees Eco Park (STEP) in Tees Valley by 2010. It will use the relatively novel process of pyrolysis, a method of degrading material through heat, to recycle 60,000 tonnes of used tyres a year, the equivalent of 7.5 million tyres, without waste or harmful emissions. It is estimated that plant will create 90 jobs for the region.

Traditionally the uncompromising properties of the material have meant that tyres have been difficult to re-cycle, most often burnt in cement kilns. PYReco’s plant will provide a closed loop recycling route, breaking down used tyres into their component parts capable of being used in the production of brand new units.

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Falken Expands Motorsports Involvement

Falken has enjoyed considerable success in the comparatively new motorsport of drifting, with teams performing in vehicles shod with Falken Azenis RT-615. In fact, Falken was the first tyre manufacturer to back drifting when it was introduced to the USA in 2003.

In 2008, the company broadened its motorsports horizons when it took part in the American Le Mans Series (ALMS) competition. This is unusual in the fact that open tyre competition is encouraged and there are six manufacturers currently in competition, developing tyres specifically suited to the 11 different tracks in the series.

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