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It’s all good: Titan reports a record start to 2012

Titan International is very pleased with its first quarter 2012 results. The company recorded sales of US$463.1 million for the three-month period, compared to first quarter 2011 sales of $280.8 million; these higher sales levels are attributed to the April 2011 acquisition of Goodyear’s Latin American agricultural tyre business, which recorded sales of $90.3 million for the first quarter 2012 and continued to benefit from strong demand in the agriculture and earthmoving/construction segment, combined with price/mix improvements.

30th April 2012/by Tyrepress Editors

Moody’s upgrades Michelin

Moody’s Investor Service has upgraded Compagnie Générale des Etablissements Michelin's long-term credit rating to Baa1 from Baa2, with a stable outlook. Michelin’s P-2 short-term rating remains unchanged.

26th April 2012/by Tyrepress Editors

Michelin sales up, volumes down in Q1

Michelin reports having achieved Group net sales of 5.304 billion euros in the first quarter of 2012, an increase of 5.1 per cent on the same quarter last year. This growth was propelled by a 23.8 per cent rise in net sales in the company’s specialty businesses; sales of earthmover, agricultural, two-wheel and aircraft tyres, along with Michelin Travel Partner and Michelin Lifestyle, amounted to 940 million euros during the quarter. A more modest 2.9 per cent growth in net sales to 2.760 billion was witnessed in Michelin’s passenger car and light truck tyres division, while truck tyre division sales decreased 0.1 per cent year-on-year to 1.604 billion euros.

25th April 2012/by Tyrepress Editors

SEIR liner technology offers improved air retention

The greatest environmental impact associated with the tyre life cycle occurs during the tyre’s on-road use, and therefore rolling resistance and the role it plays in fuel consumption is an increasing focus for tyre makers and consumers. Yet important as it may be, rolling resistance is only one of a number of factors that require consideration during the development of a ‘green’ tyre.

17th April 2012/by Tyrepress Editors

Nexen to supply Fiat OE tyres

Nexen Tire has announced that it has been selected as original equipment (OE) manufacturer by Fiat. Under the agreement, Nexen will supply tyres for Fiat's Multipla model range, scheduled for production from March 2013, as well as Fiat's Doblo light commercial vehicle (from 2014).

10th April 2012/by Tyrepress Editors

JSR breaks ground on Thailand S-SBR plant

On 19 March, Japan’s JSR Corporation and its joint-venture partner Bangkok Synthetics Co., Ltd. held a groundbreaking ceremony for the Solution Polymerization Styrene-Butadiene Rubber (S-SBR) plant to be constructed by their company, JSR BST Elastomer Co., Ltd. (JBE). The Muang, Rayong Province-based plant is scheduled to enter operation in June 2013; the facility will be the first S-SBR manufacturing plant in Thailand.

3rd April 2012/by Tyrepress Editors

The new era of retreading: Quality, service and information

At present the Italian retreading market, following years of crisis, is experiencing a new birth. “From this and the coming years we expect that industry will recognise retreading in terms of its quality and its utility to the market,” comments Brenno Benaglia, vice-president of the Italian retreading association AIRP (Associazione Italiana Ricostruttori Pneumatici) and the European association Bipaver.

29th March 2012/by Tyrepress Editors

New warehouse to boost Starco’s wholesale activities

Danish firm Starco wears several hats. The company was once best known for specialising in tyres for wheelbarrows and hand-powered vehicles, and during its 50 years in the business it has also gained a reputation as a manufacturer – initially of steel wheels and small tyres, and very recently as an industrial tyre maker – the company’s Solid tyre factory in Sri Lanka is now in operation. And another, very important hat Starco wears is that of wholesaler.

21st March 2012/by Tyrepress Editors

Tyre recycler prosecuted for illegal exports

The owner of a Devon recycling firm will have to pay £2,590 in costs after illegally exporting used car tyres to Vietnam. Paul Avery was also ordered to carry out 150 hours of unpaid work in the case which was brought by the Environment Agency (EA). EA officers visited Hill Barton Business Park near Exeter on 12 May 2011 and reportedly discovered thousands of waste tyres at a premises trading as Avery Tyre Recycling. Some had already been made up into bales whiles others were in loose piles.

20th March 2012/by Tyrepress Editors

Multistrada investing in rubber supply, capacity expansion

Almost a year ago, PT Multistrada Arah Sarana Tbk announced plans to ensure a reliable supply of raw materials through the acquisition of up to around 30,000 hectares of rubber plantation land. In the end the tyre maker purchased 33,800 hectares in Kalimantan, Indonesia for around Rp3 trillion (£209 million) through its subsidiary PT Multistrada Agro Internasional. During a press conference held in Jakarta on 11 March, company president Pieter Tanuri shared details of this acquisition, stating that this year Multistrada aims to plant up to 1,000 hectares of rubber trees there, a project the firm has budgeted Rp398 billion (£27.7 million) for; 26 per cent of this will come from the proceeds of a recent rights issue. This is expected to be ready for harvest in the next five years.

12th March 2012/by Tyrepress Editors

Bridgestone to develop guayule-based rubber

Only a week after Cooper Tire & Rubber stated it will partner with Yulex Corporation on the development and evaluation of guayule as a source of natural rubber, Bridgestone Corporation has announced plans of its own to develop the plant into a commercially viable alternative to the hevea tree. The research project will be conducted in the United States as a joint collaboration between Bridgestone Corporation and Bridgestone Americas Tire Operations; the Japanese parent company will provide funding and strategic input, while the American subsidiary will be responsible for finding the suitable location and operating the pilot farm and process research facility. Bridgestone Americas Tire Operations will also leverage the resources of the Bridgestone Americas Center for Research and Technology and its Akron Technical Center to provide technical and research expertise.

9th March 2012/by Tyrepress Editors

Sino Legend reaches out to European and American tyre makers

Sino Legend (Zhangjiagang) Chemical Co., Ltd., purportedly the largest Asian manufacturer of resins for the tyre and rubber industries, has begun showcasing its state-of-the-art production facility as it looks to establish a greater presence in North American and European markets.

The company broke ground on its Zhangjiagang City plant in mid-2007, located approximately 80 miles from Shanghai. Built with future global expansion in mind, the facility has already doubled its production volume owing to increased demand.

7th March 2012/by Tyrepress Editors

Malhotra to launch radial agri tyres

Indian agricultural, off-road, speciality tyre and pre-cured tread manufacturer, Malhotra Rubbers Ltd has announced plans to launch a radial agricultural tyre product range this year.

“2012 shall be an exciting year from us as our whole team is gearing up to launch of our radial agricultural tyres for the European and US markets”, said company director, Monit Malhotra. According to Malhotra these will be marketed through their exclusive customers In Europe and USA.

5th March 2012/by Tyrepress Editors

Supply contracts for Lanxess Nd-PBR plant signed

A date for groundbreaking on Lanxess’ new neodymium polybutadiene rubber (Nd-PBR) plant in Singapore has been set. It is scheduled to take place on 11 September; following the signing of contracts with key suppliers, company Board of Management chairman Axel C. Heitmann announced that with these supplier agreements in place, the project executive can now commence and infrastructure for construction set up.

1st March 2012/by Tyrepress Editors

Cooper posts higher sales, profits for 2011

Even as it tries to resolve a three-month lock out at its hometown Findlay, Ohio, plant, Cooper Tire & Rubber Co reported full-year 2011 net profit of $269.6 million against sales of $3.9 billion, Tire Review reports. The sales results were an improvement of $566 million, or 17 per cent, from 2010, while the net profit mark was up significantly from 2010’s $163.9 million.

27th February 2012/by Tyrepress Editors