JK Tyres Increase Prices Again
Rising raw material costs, especially of rubber and petroleum products, have prompted Indian tyre manufacturer JK Tyres to warn that it will raise the prices of its tyres over the next three months.
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.
Rising raw material costs, especially of rubber and petroleum products, have prompted Indian tyre manufacturer JK Tyres to warn that it will raise the prices of its tyres over the next three months.
The China Tire Retreading and Utilization Association has changed its name to the China Tire Retreading, Repairing, and Recycling Association (CTRA), in response to a challenge from central government to move towards a resources-saving society and recycling economy.
Cooper Tire & Rubber Company has announced that all necessary government approvals have been received for its transaction to obtain 51 per cent ownership in China’s third-largest Chinese-owned tyre manufacturer.
Goodyear Tire & Rubber Company will manage a supply arrangement with YRC Worldwide Inc, providing commercial tyres to some of its operating companies within YRC Regional Transportation.
Sibur-Holding has completed the formation of Sibur-Russian Tires and has transferred stakes in companies to Sibur Russian Tyre’s books. Omskshina, Yarshina, Voltyre-Prom, Matador-Omskshina and Uralshina Saranskrezinotehnik now all come under the news name. “In 2008 the new holding is planned to be sold wholly or in parts, also a possibility of an IPO is considered,” Russian analysts added.
Analysts are expecting tyre manufacturers’ raw material prices to increase by 10 per cent in 2006 following a 15 per cent increase in 2005. The Deutsche Bank representatives also reported that the 2005 prices increases are “likely…to be more or less fully offset by selling price increases.”
Cooper Tire & Rubber Company has named Rodney A Kreinbrink as plant manager for its Albany, Georgia, manufacturing facility. Kreinbrink will oversee the daily operations of Cooper’s 3rd largest plant, which produces about 11.5 million tyres per year and employs almost 1,600 people. Kreinbrink succeeds William Bonner who retired at the end of 2005.
Yokohama Rubber Company Ltd is in the process of patenting a method of producing radial tyres for construction vehicles. The new tyre production method reportedly facilitates “a vast reduction in facility costs.”
(Akron/Tire Review) Amerityre Corp says that it has had “positive results” from both independent lab and field-testing of its proposed polyurethane tread stock for truck tyre retreading.
The company claimed that the testing included “pull tests” to test the “adhesion of the polyurethane elastomer tread compound to a rubber tyre casing,” and that “all tests have been conducted by an independent laboratory in accordance with ASTM test standards.”
(Akron/Tire Review) Both Goodyear Tire & Rubber Co. and Yokohama Tire Corp. have hired new PR firms.
After a lengthy search, Goodyear’s North American Tire unit settled on Coyne Public Relations of Parsippany, New Jersey, as its new US agency. “We were very pleased with the work of all three ‘finalist’ agencies,” said Ed Markey, vice president of PR and communications for Goodyear North American Tire. “Coyne impressed us with a combination of solid strategic thinking, creative tactical ideas and great collaborative chemistry. We believe Coyne’s capabilities and approach to public relations are the best fit for Goodyear.”
(Akron/Tire Review) Vietnamese newspaper Thanh Nien News has reported that Vietnam’s Southern Rubber Industry Co has completed a contract to supply 100,000 to 120,000 light truck tyres a year to Continental AG. In July, Southern Rubber Industry, also known as Casumina, completed a previous deal with Continental to supply 300,000 motorbike and scooter tyres a year.
(Akron/Tire Review) Bridgestone Corp plans to spend some $100 million to build a synthetic rubber factory in China, which the company said is necessary to meet growing demand worldwide.
(Akron/Tire Review) Cooper Tire & Rubber Co has expanded sizing on some of its performance and light truck/SUV tyres. Three sizes were added to the Cooper Zeon 2XS ultra-high performance line: 215/35R19 Y-rated; 235/35R19 Y-rated; and 275/30R20 W-rated.
The US town of Vidalia, Louisiana, is on the verge of giving the go-ahead for a tyre recycling plant to be built, eventually creating up to 135 jobs. Construction is scheduled to begin next year and will take 12 months.
A company called LIEL has patented a process, taking scrap tyres and producing rubber pellets or sheeting, which can be used in the production of downstream products such as vehicle bumpers and shoes.
Effective February 2006, Kraiburg Austria will be increasing its prices for quality tyre retreading material by five per cent in Central Europe. This is down to continuing rising energy and transport costs as well as the drastic rise in the price of raw materials with, for example, natural rubber currently costing around 40 per cent more than in August 2004.
If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.