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Conti Invests to Expand Production Processes in Romania

Continental has announced plans to expand the production process at its Timişoara passenger car and light commercial vehicle tyre facility in Romania. The expansion will centre upon the construction of a new unit for processing the master batch and, adds Conti, will enable the company to have a completely integrated production unit that permits the local processing of raw materials, a feature that will consolidate the company’s tyre business in Romania and increase the plant’s cost competitiveness. The project will involve a “two digit million” amount, Continental adds, and will in the mid-term lead to the creation of around 200 new jobs.

30th November 2009/by Tyrepress Editors

US Tariffs Put Pressure on Prices

Tyre manufacturers in the US are likely to follow Goodyear in raising prices to offset tariffs on Chinese made tyres and rising raw material costs. This is the opinion disseminated by Associated Press, which reports KeyBanc analyst Saul Ludwig’s view that prices will be up some five to ten per cent by January. Goodyear, which will increase consumer replacement market prices by six per cent in December, imports around two per cent of its tyres from China. Its price increase, thus, could offset the extra costs.

27th November 2009/by Tyrepress Editors

AV Birla Aiming for Carbon Black Top Three

A 225,000 to 240,000 tonne per annum global capacity expansion being implemented by India’s AV Birla Group may see it take over from Colombian Chemicals as the world’s third largest producer of carbon black. “Over the next six months, we will become world’s third largest producer of carbon black from fourth,” confirmed Rakesh Jain, managing director of AV Birla company Aditya Birla Nuvo. “Thanks to our position serving Asian markets, we have been less impacted by the demand slowdown in end-user industries in the West. In fact, our capacities are completely sold out.”

26th November 2009/by Tyrepress Editors

Increase in Michelin Revenue for 2010 Unlikely – Rollier

Revenue at Michelin & Cie. is not expected to increase next year. Managing partner Michel Rollier has expressed his caution on growth prospects due to uncertainty about the automotive industry’s recovery and rising raw material costs.

23rd November 2009/by Tyrepress Editors

Goodyear Raising North America Prices

As of December 1 prices for Goodyear consumer replacement tyres will go up by as much as six per cent in North America. The company announced these increases are being made in order to offset higher raw materials costs. This is the first Goodyear price increase for this segment since September 2008, when a 10 per cent increase was implemented.

18th November 2009/by Tyrepress Editors

First Stage of Shougang Tyre Cord Plant Ready

International News, News

Shougang Concord Century Holdings has celebrated the completion of the first construction phase for its new steel cord facility in China’s Shandong Province. This milestone in the Tengzhou Eastern Steel Cord (TESC) plant’s development was marked by a ceremony on November 11, which was attended by dignitaries including Shougang Corporation chairman Zhu Jimin, senior company management, government officials and industry professionals.

18th November 2009/by Tyrepress Editors

Pirelli Ups Prices in Africa, Middle East

Pirelli reports that growing raw materials and energy costs are the reason for announcing a 10 per cent price increase for all car, motorcycle and truck product lines in its Middle Eastern and African markets. The price increase will being to take effect in the various markets in mid November 2009.

17th November 2009/by Tyrepress Editors

Dunlop Zimbabwe Ends South Africa Toll Agreement

For several years Dunlop Zimbabwe has operated a toll manufacturing agreement – an arrangement under which foreign firms provide raw material finances so that Zimbabwean companies can manufacture products for them – with the Apollo Tyres subsidiary in South Africa. At the time of the scheme’s launch in 2006 the toll agreement was necessary for the company’s survival, yet since then Dunlop Zimbabwe’s fortunes have improved. Now the company has announced it has sufficient funds to import raw materials on its own and sustain its operations, and thus it has ended its South African toll manufacturing agreement.

11th November 2009/by Tyrepress Editors

New Triangle Plant in Production Q1 2010

The Smithers Report provides information on a new facility being built by the Triangle Group in China. The plant, located near its headquarters in Weihai, Shandong, will reportedly be operational by the first quarter of 2010 and have a capacity to produce 5.6 million truck and bus tyres or eight million passenger car tyres per annum. The US$465 million facility is also being designed to minimise raw materials waste and energy use.

10th November 2009/by Tyrepress Editors

Pirelli Tyre Performance Helps Company Position in Third Quarter

According to the Pirelli Group, the first nine months of the 2009 fiscal year delivered “positive” operating indicators that are “overall in line with what was set out in the 2009-2011 industrial plan.” The company forecasts that, barring unforeseeable events, it will in the full year 2009 reach the targets identified in the plan presented last February, and due to Pirelli Tyre’s positive performance may even surpass these targets.

6th November 2009/by Tyrepress Editors

Mitsui Chemicals, Sinopec to Build China Synthetic Rubber Facility

Sales of cars in China increased more than 84 per cent in September, and for the first time passed the one million unit mark. In order to meet increasing demand from for automotive parts, Mitsui Chemicals and China Petroleum & Chemical (Sinopec), Asia’s largest oil refiner, plan to spend 60 billion yen (£406 million) to build two chemical factories in Shanghai. One of the plants will produce the synthetic rubber EPT, which is widely utilised in vehicle components.

4th November 2009/by Tyrepress Editors

Michelin Q3 Figures Show Improvement

Michelin reports its decline in unit sales during the third quarter of 2009 and over the first nine months of the year is “in line with the decline in global tyre markets.” During the most recent quarter the manufacturer recorded a 14.0 per cent drop in unit sales, a figure that shows a lift in sales compared to the preceding months: in the first nine months of the year unit sales were 20.1 per cent down. The French tyre major generated net sales of 3.754 billion euros in the July to September quarter, a 10.9 per cent decrease on the corresponding three months in 2008. During the nine months to September 30, 2009 net sales amounted to 10.888 billion euros, a year-on-year decline of 12.5 per cent. Deutsche Bank analysts comment that third quarter sales were “slightly better than expected”; sales also beat the expected average of 3.727 billion euros gleaned from and a Reuters survey of six analysts. While volumes were as bad as Deutsche Bank’s analysts anticipated, Michelin’s four per cent price-mix for the quarter was a pleasant surprise. Price mix during the nine months was 7.6 per cent.

27th October 2009/by Tyrepress Editors

ATMA Director General: 5-6% Rise in India Tyre Consumption

With India’s auto sales back on the rise in September year-on-year comparisons, Rajiv Budhraja, director general of the Automotive Tyre Manufacturers Association, told the Press Trust of India that tyre consumption will follow “by five to six per cent in the next six to eight months”. The increase in auto sales has risen by 17.1 per cent overall in September 2009 compared with the month in 2008, while the rise was particularly felt in the passenger car segment, where that increase topped 20 per cent (Society of Indian Automobile Manufacturers figures).

26th October 2009/by Tyrepress Editors

Evonik Launches New Carbon Black

Evonik Industries launches has launched a new a new high performance carbon black for mechanical rubber goods. Purex HS 45-RP, as it is known, are said to satisfy special requirements concerning PAH (polycyclic aromatic hydrocarbon) content. Purex HS 45-RP is reportedly equivalent to Purex HS 45 with the abbreviation RP signifying “reduced PAH content.”

23rd October 2009/by Tyrepress Editors

Carlisle Posts Profit Against Shrinking Sales

(Tire Review) Carlisle Companies Inc. posted third quarter profit of $45 million against a sharp decline in sales. Net income for the diversified company, which produces and sells specialty tyres among its products, was still down versus the same period last year. Sales for the quarter fell 27 per cent to $604.6 million. Company officials said Carlisle expects the next two quarters to be “challenging” due to rising raw materials costs. At the same time, Carlisle expects total 2009 revenue to come in at $2.97 billion, down 25 per cent compared to fiscal 2008.

21st October 2009/by Tyrepress Editors