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Exxon Expands Tyre Polymer Production

Exxon Mobil Corp has announced that its chemical business is doubling its production capacity for a polymer used in tyre inner liners. ExxonMobil Chemical, one of the world’s largest chemical firms, is expanding its Baytown, Texas plant to support advancements in high-barrier, lightweight tyre liners. The company predicted that the expansion will be complete by the end of 2006, the Associated Press reported. The polymer, a proprietary product called Exxpro, can be used to maker lighter commercial truck tyres, reduce tyre cure time and improve tire durability, the company said.

3rd November 2005/by Tyrepress Editors

JK Tyre to Invest 1.2 billion Rupees in Radial Tyre capacity

(India/Rubber Asia) JK Tyre chief RP Singhania recently announced that his company plans to increase annual production of truck and bus radials to 1.5 million units by 2010. At the same time Mr Singhania spoke of his confidence that India’s road infrastructure “is getting better now.”

JK Tyre told local media that the company plans to invest 600 million rupees in alternate years in its Mysore (South India) plant to increase the capacity from its current annual capacity of 370,000. JK currently holds an 85 per cent market share in the radial tyre segment.

28th October 2005/by Tyrepress Editors

Two Dozen Senior Execs Leave Bandag Europe

As many as two dozen of Bandag’s senior managers, including Peter de Cabooter, sales director Europe and Lennart Lindstroem, production director Europe, are said to have left the company last week. There are no specific details of whether the executives left voluntarily or were asked to leave. While there are not many confirmed details, it is clear that Bandag is losing ground in the European market.

21st October 2005/by Tyrepress Editors

Continental to Increase Low Cost Production

Continental is to increase its production capacity in so-called low cost European countries by 3-4 million units each year, analysts have reported. Given the fact that labour costs in Western Europe are five times higher compared to Central and Eastern Europe the Deutsche Bank analysts calculate a competitive advantage of five euros per tyre.

21st October 2005/by Tyrepress Editors

Attention to Detail

If you talk to engineers at Goodyear Test Centre: Luxembourg (GTC*L), they will probably tell you just how radically “tyre testing has changed over the last 20 years” and how pleased they are to have been at the forefront of these developments. During a recent visit to the company’s Luxembourg operation, officials showed Tyres & Accessories just how far Goodyear is willing to go to develop and improve the comfort and safety of its products.

Nestled amongst the Goodyear Luxembourg complex which includes, tyre production, mould making an truck tyre mounting facilities, the GTC*L is made up of three main buildings; GTC*L itself the Tyre and Vehicle Testing Laboratory and Laboratory B. A day touring the Tyre and Vehicle testing laboratory alone is quite an education. In addition the people at the Goodyear’s neighbouring test track have a fleet of trucks, buses and cars that are perpetually testing tyres, clocking up 10 million kilometres a year. The quantity of data that the centre’s 44 PhDs wade through is immense, but here is just one example of the GTC*L’s daily activities.

21st October 2005/by Tyrepress Editors

Bridgestone Provides Tyres for Giugaro’s 50th Anniversary Car

Bridgestone has announced that its Potenza RE050 tyres will be fitted onto the Ferrari GG50 concept car designed by world- designer Giorgetto Giugiaro. The Ferrari GG50 was designed by Giugiaro to celebrate his 50th year engaged in car design. The concept model, based on the Ferrari 612 Scaglietti, is the only one of its kind in the world and is not intended for production or sale.

19th October 2005/by Tyrepress Editors

Hankook in Talks with Hungary on New Tyre Plant

(Akron/Tire Review) Hankook has reportedly conducted talks with Hungarian Economic Minister János Kóka on potentially locating its new Eastern European plant there. The report is according to a daily newspaper in Hungary. Earlier this year, Hankook announced its plans to spend $650 million on an Eastern European plant capable of producing five million tires annually. The tyremaker had picked Slovakia as the site, but negotiations have since been hampered due to disagreements over the government’s incentive package. Korean news reports have stated that Hankook will announce the intended location of its new plant by November. Production is slated to begin in 2007.

19th October 2005/by Tyrepress Editors

Goodyear Engineered Products Increase Capacity

Goodyear Engineered Products has added production capacity at its Marysville, Ohio, conveyor belt plant.

For the second time in two years, the global manufacturer has added production capacity for heavy-duty steel- and fabric-reinforced conveyor belts.

11th October 2005/by Tyrepress Editors

Fire at CLI

On Saturday 8th October, firefighters were called to a blaze at the Charles Lawrence International rubber recycling plant on the Brunel Industrial Estate in Newark. More than 80 firefighters and ambulance staff and 13 fire engines attended the incident.

According to BBC Radio Nottingham, a cloud of dense, black smoke was visible from five or six miles away and visibility was affected for drivers on the A1 and A46 major routes.

Despite this, no-one was injured and damage is believed to be minor, with CLI hoping that full production will be restored shortly.

11th October 2005/by Tyrepress Editors

Cooper Debt Downgraded to Junk

Cooper Tire & Rubber’s debt rating was downgraded to junk yesterday by Standard & Poor, which cited “pressure” on the company’s earnings, reports an American news source.

The rating reflects “poor near-term earnings and cash-flow prospects,” said S&P in a statement. The downgrade to high-risk, high-yield junk affects about $720 million in debt.

7th October 2005/by Tyrepress Editors

Domestic Tyre Output Up in August

The Japan Automobile Tire Manufacturers Association (JATMA) has reported that domestic tyre production grew to 13.5 million units in August, up 1.1 per cent year-on-year. The 13th successive month is significant because output levels are generally down in August, when factories shut down for summer holidays.

5th October 2005/by Tyrepress Editors

CTNA, Union Agree to Mayfield Severance Plan

(Akron/Tire Review) The United Steelworkers (USW) and Continental Tire North America (CTNA) reached an agreement for CTNA to provide “enhanced severance benefits” to hourly workers who lost their jobs when the tiremaker suspended production at its Mayfield, Ky., tire plant last year. The tentative agreement was finalized 15 September, and the ratification vote was held 30 September.

5th October 2005/by Tyrepress Editors

Michelin Supports Hungarian SMEs

Michelin has started an Economical Development Fund with the aim of helping small and medium sizes enterprises (SMEs) and creating more jobs. The company itself is providing 250 new places in Nyíregyháza through a 60 million euro investment, said regional director Joel Pouget. The factory in Nyíregyháza, which produces tractor tyres for the European market, will expand to include car tyre production from September. The company, as part of its Michelin Development Project, will sponsor SMEs within a 50-kilometer distance from its sites. They will also provide support in terms of loans of up to 1 million euros a year, the Budapest Business Journal reported.

5th October 2005/by Tyrepress Editors

Goodyear Expects Temporary Impact from Hurricane Rita

Goodyear has implemented temporary reductions in production at its North American tyre facilities due to disruptions in the supply of certain raw materials resulting from the impact of Hurricane Rita in Texas and Louisiana.

4th October 2005/by Tyrepress Editors

Michelin Opens $70.2 Million Hungary Factory

Michelin has opened a new passenger car tyre manufacturing facility in the Hungarian city of Nyiregyhaza. The French company has invested 14.5 billion forints (£39.8 million) in the new production unit, which is expected to produce 800,000 tyres annually and will employ 217 people.

30th September 2005/by Tyrepress Editors