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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

Dunlop to Recommence Production in Nigeria

Following the importation of 500 million naira (£2.1 million) worth of raw materials, Dunlop Nigeria looks set to re-open its Ikeja facility, which ceased production in April. A report in Nigeria’s Business Day newspaper indicates that the paperwork needed to clear the imported materials through customers is currently being dealt with by the country’s minister of state for commerce and industry, Humphrey Enemakwu Abah, who is apparently enthusiastic about the prospects of local manufacture recommencing.

9th October 2009/by Tyrepress Editors

Yokohama to Introduce ‘ECO’ Tyres into WTCC

A change of tyre is in the pipeline for the FIA World Touring Car Championship. Yokohama Rubber has announced it will supply its ‘ECO’ racing tyres as one-make tyres for the WTCC series for the 2010 to 2012 seasons. The ECO product follows on from Yokohama’s Advan A005 dry surface and Advan A006 wet weather tyres, supplied since 2006.

29th September 2009/by Tyrepress Editors

ANRPC Annual Conference Looks “Beyond the Crisis

The Association of Natural Rubber Producing Countries (ANRPC) is hosting its Annual Rubber Conference on 4 November 2009 in Ho Chi Minh City, Vietnam. This year’s conferences’ theme is: “Beyond the Crisis: Emerging Asia and Opportunities for Natural Rubber.” Hosted by the Government of Vietnam, this one-day Conference will have three sessions followed by a panel discussion. The conference is being held in conjunction with the ANRPC’s assembly session and committee meetings to be held in the same week.

24th September 2009/by Tyrepress Editors

Morgan Stanley: Michelin August Sales Present Good and Bad News

Analyst reports on Michelin’s tyre sales for last month show both an improvement over Morgan Stanley’s previous predictions and the continued decline of truck tyre sales on July, albeit at a slower rate than in year-to-date figures, representing a bittersweet day for Bibendum. The analyst said that truck sales “were somewhat disappointing in mature markets,” though the figures were “on track to exceed our volume forecast for the quarter. Assuming stable share, we estimate Michelin volume in Aug declined approximately 9 per cent versus our forecast of a 12 per cent volume decline in third quarter.” Predictions in the report were also variable in optimism, since the analysts believe improving declines should “turn into outright growth” towards the end of the year. However, pricing discipline and profitability could be affected over the next two years throughout the industry, as depressed volumes and lower raw materials prices put both at risk.

23rd September 2009/by Tyrepress Editors

More News & Views on China Tyre Tariff Tiff from Tire Review

Tire Review has compiled a variety of news stories based around the introduction of tariffs on imported China-made passenger tyres. Here is a sampling of the most relevant items from the past day:

17th September 2009/by Tyrepress Editors

Reifen China 2009 Aims to Connect Far Eastern and European Businesses

At the start of 2009, the Chinese Rubber Industry Association reported that, despite the global economic meltdown, China remains the world's fastest growing market. The Chinese tyre business is reportedly worth about $8 billion and accounts for 9 per cent of the world tyre market share. However with most of the world’s markets either struggling to recover or still nose-diving, the fact that July figures suggest Chinese passenger car tyre OE and replacement demand are actually up 10 and 20 per cent respectively is truly impressive. With this in mind, Messe Essen’s third Reifen China exhibition running from 11 – 13 November is likely to pique the interest of buyers, manufacturers and traders from around the world.

11th September 2009/by Tyrepress Editors

Nynas to Supply Lanxess Rubber Production Following DAE Ban

Company News, International News, News

To maintain its production of synthetic rubber after its utilisation of DAE oils ceases, Lanxess AG will enter into a strategic co-operation with Swedish oil producer Nynas. Lanxess will end the use of DAE oils in its synthetic rubber production as of December 1, 2009, ahead of next year’s European and Japanese bans on the substance.

25th August 2009/by Tyrepress Editors

Sapphire Gains Treble ISO Certification

Sapphire Energy Recovery, the tyre recovery and waste processing company owned by Lafarge Cement, has gained BSI certification for three management system standards: quality, environment and health and safety. Certificates for ISO 9001 (for quality management), ISO 14001 (for environmental compliance) and OHSAS 18001 (for health and safety) were handed out to members of the Sapphire team by BSI representative Colin Rushmere at a recent ceremony held to mark the occasion at Lafarge Cement’s head office in Solihull.

21st August 2009/by Tyrepress Editors

CTNA Exceeds Environmental Goal in First Year

Continental Tire North America reports having officially exceeded its goal of increased compliance with the US Environmental Protection Agency’s SmartWay Transport Partnership during its first year of participation. Continental first joined the SmartWay Transport Partnership in June 2008 as a Shipper Partner, committing to reduce its environmental impacts from ground freight transportation. In joining the partnership, the tyre manufacturer agreed to use the Freight Logistics Environmental and Energy Tracking (FLEET) Performance Model for Shippers to quantify its environmental performance level. Continental was then required to maintain a score of at least 0.5 within the FLEET Performance Model.

17th August 2009/by Tyrepress Editors