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Tyres can’t function without this critical raw material. Whether its natural or synthetic rubber you are interested in, articles bearing this tag feature this indispensable polymer.

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Klarius introduces lifetime warranty for new CAT range

A new range of type approved catalytic convertors, or CATs for short, has been released by Klarius Group company Klarius Emission Control. The Manchester based company reports the newly-released range is its most extensive ever and says product quality confidence is such that it is offering the range with a lifetime warranty – a move it believes to be a first for the aftermarket. The range includes CATs to fit several thousand vehicles, and Klarius international business development director Paul Hannah describes its key attractiveness to the market as being a combination of good design, competitive price, guaranteed quality and excellent availability.

10th May 2011/by Tyrepress Editors

Forever Forest progressing well, Yokohama reports

The planting of trees as part of Yokohama Rubber’s ‘Forever Forest’ project began as a means of creating a greener environment at the company’s facilities in the years leading up to its centenary in 2017, and so far around 183,000 of the planned half a million trees have been planted. In addition to planting trees at its Japanese and international sites, as part of the project Yokohama Rubber has committed itself to supply seedlings to external organisations and companies. During the first three years of the scheme it supplied nearly 50,000 seedlings to outside groups – from the project’s commencement until the end of March 2011 some 37,000 seedlings were planted in Japan and 13,000 overseas at a total of 81 sites. Each seedling planted was raised from a seed by Yokohama employees.

10th May 2011/by Tyrepress Editors

Gajah Tunggal profit grows 35% in first quarter

Indonesia’s Gajah Tunggal has reported a net profit of Rp 332 billion (£23.4 million) in the first quarter of 2011, a 35 per cent year-on-year and 182 per cent quarter-on-quarter increase. This result is “well above” Deutsche Bank’s consensus (the bank’s equity research analysts comments that it is equal to 40 per cent of consensus and 43 per cent of its full year 2011 forecast). Much of this growth was, however, from foreign exchange gains and associates. Core net profit, excluding foreign exchange and associates, was Rp 181 billion (£12.8 million) – relatively unchanged from the first quarter of 2010 and a quarter-on-quarter increase of 60 per cent.

9th May 2011/by Tyrepress Editors

Government acclaim for Yokohama inner liner development

Two Yokohama Rubber employees have been acknowledged by Japan’s government for their work on developing tyre inner liner technology. Yuichi Hara and Yoshiaki Hashimura, both research and development managers at Yokohama, received “Commendations for Science and Technology” from Japan’s Ministry of Education, Culture, Sports, Science. The awards were given in the development category for developing a tyre inner liner that possesses a balance between the low air permeability of resin and the flexibility offered by rubber, thereby substantially reducing air leakage despite being only 20 per cent as thick as a conventional liner. The product developed by the pair and their research teams was released in 2009 under the name Advanced inner liner.

9th May 2011/by Tyrepress Editors

Natural rubber cost prompts Ceat price rise

Towards the end of May new prices will come into effect for Ceat products across India. Anarb Banarjee, the tyre maker’s executive director (Operation), told the Press Trust of India that “we have decided to jack-up the selling price of all types of tyres” due to “unbearable” current increase in natural rubber prices. Price increases of between three and five per cent are inevitable, Banarjee said, and will take effect in the last week of May.

5th May 2011/by Tyrepress Editors

Analysts raise Hankook price target

Financial analysts have raised their share price target for Hankook stock following the publication of the Korean-based manufacturer’s first quarter results. Writing in an investor’s note published on 21 April, Morgan Stanley analysts wrote: “We are raising our price target for Hankook Tire to 38,000 won and maintaining our equal-weight rating.” The analysts wrote that their change in price target is “predominately driven by our revised earnings forecasts, as well as adjusted share count.”

4th May 2011/by Tyrepress Editors

Van-motorhome sector well catered for by Michelin Agilis range

Michelin produces an extensive selection of van tyres catering for the latest generation of vans and motorhomes. These include the updated Agilis range, which when originally launched was the first range of tyres designed specifically for vans.

3rd May 2011/by Tyrepress Editors

Sumitomo Rubber considering Brazil, India tyre factories

International News

Sumitomo Rubber Industries Ltd. is reportedly considering building tyre factories in the emerging BRIC markets of Brazil and India. Reporting on a business strategy meeting held in Tokyo on 28 April, online news sources wrote that Sumitomo’s president Ikuji Ikeda said demand for tyres is growing rapidly in both countries, so expansion into these markets has become topic of discussion at Sumitomo Rubber. Various sources have reported that Ikeda said the company intends to establish its own plants there, but “may consider forming joint ventures with local firms.”

3rd May 2011/by Tyrepress Editors

Amerityre launches latest Kryon forklift tyre

During the Material Handling Equipment Distributors Association Convention in Phoenix, Arizona on May 1 and 2, Amerityre Corporation introduced its new ‘high performance’ forklift tyre. The new tyre has been produced utilising a material called Kryon, first developed in 2009. According to Amerityre chairman Tim Ryan, “this new proprietary compound in our Kryon line has been designed to improve durability and load-carrying capacity as compared to conventional rubber tyres. Of special interest to electric lift users, the new Kryon tyres offer significantly reduced rolling resistance.” A particular quality of all tyres produced using the Kryon material is that they are non-marking.

3rd May 2011/by Tyrepress Editors

Measuring tread depth at speed possible with new Apollo Vredestein facility

To underline the company’s emphasis on road safety and the environment, Apollo Vredestein has unveiled a state-of-the-art laser tread depth measuring station at its Enschede site in the Netherlands. The addition of this new unit, says the tyre maker, will make visitors more aware of the importance of having the correct tread depth in terms of both their safety and the environment. The station was built in accordance with Apollo Vredestein’s ISO 14001 environmental certification, as was the tyre pressure station installed by the company in 2008.

2nd May 2011/by Tyrepress Editors

Yokohama reports Japan disaster relief activities

Giving an update on its assistance to relief efforts following the Japan earthquake and tsunami, Yokohama Rubber reports that as of April 28 Yokohama group companies and their employees had donated a total of approximately 88,500,000 yen (US$1,100,000) to the relief effort. That total includes donations of 61,700,000 yen ($760,000) by Yokohama group companies and their employees in Japan, including a 50,000,000 yen ($610,000) corporate donation by the parent company, and 26,800,000 yen ($330,000) by group companies and their employees in other nations. The companies and employees made their contributions mainly through the Red Cross societies in their nations.

2nd May 2011/by Tyrepress Editors

Goodyear reports record sales and a Q1 profit

Goodyear Tire & Rubber has reported record sales and higher unit volumes for the first quarter of 2011 – and a net profit for the quarter. The tyre maker’s first quarter 2011 net income was US$103 million, up from a net loss of $47 million for the same period in 2010.

29th April 2011/by Tyrepress Editors

Goodyear to redeem $350 million in senior notes

Goodyear Tire & Rubber has called US$350 million of its outstanding 10.500 per cent senior notes due 2016 for redemption on May 27, 2011. The tyre maker intends to use net proceeds from its recent mandatory convertible preferred stock offering to fund the redemption. The redemption will result in savings to annualised interest expense of approximately $40 million, of which about $23 million will be realised in 2011.

29th April 2011/by Tyrepress Editors

Pirelli promotes two motorcycle tyres with cashback offer

Pirelli has announced a new cashback offer of £25 to UK riders purchasing sets of its Diablo Rosso Corsa or new Diablo Rosso II tyres. The hypersport segment Rosso Corsa, launched last year, is the Italian manufacturer’s “first tyre developed using technology and research gained as a direct result of Pirelli’s involvement in the World Superbike series,” it says, while the just-launched Rosso II – a sports tyre designed for road use – contains similar motorsport-derived technologies. The Diablo Rosso Corsa and Diablo Rosso II are available in the front size 120/70ZR17, with rear fitments: 160/60ZR17, 180/55ZR17, 190/50ZR17 and 190/55ZR17.

27th April 2011/by Tyrepress Editors

Senior management changes at Yokohama announced

At a meeting of the Yokohama Rubber Board of Directors on April 27, two “informal” changes in its representative directorship were decided upon. Tadanobu Nagumo, currently the company’s president and representative director, will become its chairman and CEO and representative director, while Hikomitsu Noji, who at present serves as director and senior managing corporate officer plus president of the company’s Tire Group, is to become Yokohama Rubber’s president and representative director and president of the Tire Group.

27th April 2011/by Tyrepress Editors