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Further Romanian Investment For Pirelli?

Following its recent 170-million euros investment in a tyre production factory in Romania, it seems that the Italian company may be on the verge of investing a further 70 million euros in a plant to produce filters for diesel engines, according to local media reports. The country manager of Pirelli Romania, Guglielmo Fiocchi, is quoted as saying: “Next year we could start the construction of a new plant for production of filters for diesel engines in Gorj, with the actual production most likely to begin early in 2008, if the project is approved.”

31st October 2006/by Tyrepress Editors

Metro Tyres Plans 1 billion-rupees IPO

Metro Tyres plans to hit the capital market with an initial public offering that could raise up to a billion rupees. Sources reported in local newspapers said the company has planned to increase production at its four production facilities in Ludhiana and increase the production of its Metro Continental tyres from 25,000 to 50,000 units per month. This could even reach as much as 100,000 units per month following 10 million rupees of investment. Rummy Chhabra, managing director of Metro Tyres, said that the company has four manufacturing plants in Ludhiana, one in Gurgaon and one in Noida. The company is planning to use the IPO money to build a new facility to manufacture motorcycle, scooter and three-wheeler tyres. The final decision of location of the facility will be taken shortly, the company said in a release.

27th October 2006/by Tyrepress Editors

Palazhi Tyres in ‘Vigilance’ Probe

Kerala’s Left Democratic Front (LDF) government has ordered a vigilance probe into the dealings of Palazhi Tyres Ltd – a project related to former revenue minister K.M. Mani. Palazhi Tyres was a 6 billion rupees (£70.18 billion) project floated by Mani in 1995 for production of automobile tyres. According to ruling legislator P.C. George, the firm has not produced a single tyre in 11 years.

27th October 2006/by Tyrepress Editors

Kumho Breaks Ground On Vietnam Plant

Kumho Tires Co. has begun construction on a tyre plant in Vietnam in a bid to corner the fast-growing Southeast Asian market. The company said it would invest US$155 million into the new plant in Ho Chi Minh City, Vietnam’s economic hub, by early 2008. Kumho plans to increase its annual output by 3.15 million units through the investment. The company currently has a total global production capacity of 51 million units.

24th October 2006/by Tyrepress Editors

“Skeleton Staff” Puts Strikers’ Case

Strikers outside the Goodyear plant at Akron have been joined by a new ally; members of United Steel Workers of America (USWA) have put up a skeleton with a sign accusing Goodyear of “picking us to the bone.” The pickets have also erected tombstones with names of cities—Akron, Buffalo, Gadsden, Lincoln, Union City—that the strikers say are dying as rubber industry plants are closed.

23rd October 2006/by Tyrepress Editors

Michelin Germany to Introduce 40-Hour Week

Michelin is planning to phase-in a 40-hour week to workers at the company’s five German production plants. The news affects 5,750 workers who previously worked 37.5 hours each week. They proposals suggest workers will earn the same weekly rate as before, effectively decreasing their hourly wages, the Frankfurter Allgemeine Zeitung (FAZ) reported. Discussions between Michelin and workers are set to take place in November, with spring 2007 the target date for a resolution. “The pressure from the competitive situation and our customers is enormous. We cannot wait any longer. We need an agreement,” Michelin Germany director, Juergen Eitel told FAZ.

13th October 2006/by Tyrepress Editors

Goodyear to Layoff 330 Due to Strike

(Akron/Tire Review) With most of its North American tyre plants on limited production, Goodyear Tire & Rubber Co. is temporarily laying off some 330 hourly workers at its Asheboro, North Carolina, steel wire plant. The tyremaker is reducing steel wire production due to the United Steelworkers’ strike. The temporary layoffs will begin Friday and will last until the strike is settled and Goodyear’s tire plants are back to full production.

12th October 2006/by Tyrepress Editors

Lots of Rumours, No Movement as Strike Continues

(Akron/Tire Review) There has been more talk than talking as the United Steelworkers’ strike against 16 Goodyear plants reached its sixth day yesterday. Formal talks between the tyremaker and the union have not resumed, and while both sides say they are ready to restart negotiations when the other party is ready, neither side seems to be in a hurry to get back to the bargaining table.

11th October 2006/by Tyrepress Editors

Arnco Expands Flatproofing Output at Ohio Plant

(Akron/Tire Review) Arnco announced that it is expanding production output at its processing plant in Berea, Ohio, which opened one year ago. The flatproofing supplier said it is more than 25 per cent ahead of projections in meeting worldwide demand for polyurethane flatproofing products. “Equipment operators are doing everything they can to get more wear from their tyres because of today’s severe tyre shortage, and we would not be able to meet this increased demand for flatproofing if we had not opened the Berea facility last July,” said Larry Carapellotti, president of Arnco.

28th September 2006/by Tyrepress Editors

Performance Fibers to Idle Tyre Fibre Production in Alabama

(Akron/Tire Review) The downturn in the North American tyre industry has begun taking its toll on suppliers. Performance Fibers, a leading supplier of polyester fibres for tyres, is idling its polyester fibre production at its Scottsboro, Alabama, facility. The company said the move was “due to slowing demand in North America caused by U.S. tyre manufacturing cutbacks, high raw material costs and other factors.”

22nd September 2006/by Tyrepress Editors

Indian Tyre Production up 18 per cent

The latest ATMA figures show that during the month of July Indian tyre production rose 18 per cent year-on-year to 6.354 million units. This follows a 19 per cent year-on-year growth in production during June (06/2005: 5.19 million units; 06/2006: 6.187 million). The latest increase was fuelled by sharp rises in passenger car and tractor tyre production. Passenger car tyre production reached 1.28 million units in July, up 16 per cent compared with the same time last year.

19th September 2006/by Tyrepress Editors

Smarter Than The Average Car

Ever wondered what a Smart with 26-inch rims would look like? The Smart fourfun2 is the answer. DaimlerChrylser were obviously trying to awaken their inner child when they produced their tallest Smart, which the company describes as a forfour with monster truck ambitions. The tyre fitment is just ludicrous –BFGoodrich rubber on 26 inch rims with a diameter of 140 cm. Not to mention ground clearance of 65 centimetres and an unbelievable total height of 3.7 metres! The car features an OM 352 six-cylinder diesel engine with a capacity of 5,675 ccs. It delivers an impressive 84 bhp – the diesel version of the production car has a 41 bhp engine.

18th September 2006/by Tyrepress Editors

Romania Becoming Interesting Distribution Market

Romania and Eastern Europe in general are now commonly seen as attractive “manufacturing” countries, but how are they seen in terms of sales and distribution? Alexis Burlacot, marketing manager with the truck tyre unit of Michelin Europe, told Romanian newspapers that consumption within these markets is growing 10 – 15 per cent each year.

15th September 2006/by Tyrepress Editors

Nutahara Takes Second P-WRC Win

Yokohama ADVAN-equipped and supported Japanese driver Fumio Nutahara took his second rally win of the season in the FIA Production car World Rally Championship on Rally Japan in early September. This brings his total to two wins from three events so far and he is now second in the championship with three more scoring opportunities.

5th September 2006/by Tyrepress Editors

Scrap Tyre Co-operation Down Under

In Australia, a recycler named John MacVicar has suggested that a diesel fuel production facility that he is planning to build north of Adelaide could import scrap tyres from New Zealand as raw material. Mr. MacVicar, who heads up AAA Recycling in South Australia, is said to be currently recycling tyres offshore.

5th September 2006/by Tyrepress Editors