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Starco expands, reorganises global operations as part of agri focus

In recent times, Starco has placed a significantly stronger focus on one specific business area. While the firm has been guided by the vision to become “the global market leader in special wheels” for a number of years now, its group strategy for the period from 2010 to 2014 singles out the agricultural sector for particular attention. This focus is influencing Starco’s numerous operations, including its development of new products and the company’s wholesale business. Indeed, the agricultural sector was a crucial factor in the company’s recent expansion into a new continent.

24th April 2013/12,345 Comments/by Tyrepress Editors

Nokian WR SUV 3 addresses Europe’s varying winter conditions

This autumn, Nokian Tyres will release a new product for the growing SUV markets in Europe, Russia and the Ukraine. The WR SUV 3 is a non-studded, symmetric and directional tread pattern that Nokian says will feel at home in Europe’s varying winter conditions Europe. The tyre maker claims strengths in winter grip and driving response, including effective resistance to slush planing and aquaplaning.

18th April 2013/12,345 Comments/by Tyrepress Editors

European PCR, OE truck markets down in March

In its latest market trends update, Michelin reports that European on-road tyre markets were mostly down in March. Original equipment and replacement market passenger car tyre sales in Europe (including the Turkish and growing Russian markets) were respectively down 15 and 11 per cent year-on-year during March 2013. The year to date decline is 11 per cent for original equipment and nine per cent for the replacement market.

16th April 2013/12,345 Comments/by Tyrepress Editors

Pirelli signs Russian retail MoU

According to a forecast published by IHS Global Insight in April, Russia’s premium car segment is expected to grow 5.2 per cent this year and 8.5 per cent in 2014. Pirelli focuses its strategy on this segment and therefore views Russia as a key market. Following the signing of a Memorandum of Understanding with Russian oil and gas company Rosneft, the Italian tyre maker will soon begin construction work on its first flagship ‘PZero Platinum’ tyre shop within the country.

16th April 2013/12,345 Comments/by Tyrepress Editors

Bridgestone Russian plant spells end of supply/demand gap

Company News, International News, News

Following the news that Bridgestone is investing in the construction of a passenger car tyre plant in Russia, market analysts have shared various views on the impact this move will have on the local market. For its part Deutsche Bank took the opportunity to situate the news in the context of wider domestic market development.

16th April 2013/12,345 Comments/by Chris

Bridgestone’s Russia plant means more competition for Nokian and others

Bridgestone’s decision to open a tyre manufacturing plant in Russia is likely to result in more intense competition between the non-domestic tyremakers in general as well as Nokian in particular. The news also appeared to dash hopes that Bridgestone (Nokian’s biggest single shareholder) might buy it out at some point (see below).

Now that Bridgestone has shared details of its plan to build a passenger car tyre ready to produce tyres in 2016, the race is on to assess the impact of the move on the current market situations. Indigenous tyremakers such as Nizhnekamskshina aside, there are two reasons why this announcement means more intense competition than ever between the likes of Pirelli, Yokohama, Continental and especially Nokian (for which Russia is a key profit centre) and Bridgestone.

15th April 2013/12,345 Comments/by Tyrepress Editors

Starco to supply Terrion tractor range

Russia’s third-largest tractor manufacturer, the ZAO AgroTechMash (ATM) group, has selected Starco as original equipment supplier for its Terrion brand. This agreement is described by Starco as a further step in the company’s agricultural strategy and will be implemented by its Riga-based Eastern group; under the new agreement, Starco will supply the ATM group steel wheels from Titan, row crop wheels from Starco Schaad and tyres from BKT.

15th April 2013/12,345 Comments/by Tyrepress Editors

Bridgestone to build pcr plant in Russia

Japanese tyre manufacturer Bridgestone concluded an investment contract with Mitsubishi Corporation, the Ulyanovsk Oblast government and the Ulyanovsk Region Development Corporation on 12 April. Under the agreement, Bridgestone and Mitsubishi will respectively hold 90 and 10 per cent equity ownership in a new tyre manufacturing company, Bridgestone Tire Manufacturing C.I.S. LLC (BMCIS).

15th April 2013/12,345 Comments/by Tyrepress Editors

Millionth Kama tyre fitted to Russian Polo

Volkswagen has been enjoying, if you will forgive the pun, some good Kama in Russia of late. Earlier this month, tyre maker Nizhnekamskshina delivered the millionth Kama Euro tyre to the Volkswagen plant in Kaluga, where it produces a saloon variant of the Polo. The Kama tyres are supplied in sizes 175/70 R14, 185/60 R15 and 195/55 R15; both the Euro-129 asymmetric tread summer tyre and the all-season Euro-236 are fitted on the Polo.

8th April 2013/12,345 Comments/by Tyrepress Editors

Autopromotec 2013 aims to set new records

When Autopromotec 2013 takes place at the end of next month, the organisers are hoping it will be their biggest yet. Complete exhibitor details were not available at the time of going to press, but early indications suggest the show is on-track to achieve this goal. For example, six months before its scheduled opening, certain sections of the international automotive equipment and aftermarket product trade fair were already fully booked. And the momentum seems to be coming from our part of the industry. Indeed the tyre and garage equipment pavilions were amongst the first to sell out.

2nd April 2013/12,345 Comments/by Tyrepress Editors

Omsk Carbon Group to build Belarus plant

Russia’s Omsk Carbon Group intends to erect a new carbon black facility in Mogilev, Belarus. The plant will be operated by new company subsidiary IOOO Omsk Carbon Mogilev and established at a cost of around US$130 million. Output is expected to start at 80,000 tons of carbon black per annum in 2015 and reach 150,000 tons a year by 2019. More than half the plant’s production will go to local tyre maker Belshina, a further three to five per cent will be sold to other domestic consumers and the remainder exported.

2nd April 2013/12,345 Comments/by Tyrepress Editors

Russia remains a Nokian strength

Nokian Tyres has released its 2012 annual report, and the Finnish manufacturer reports a 10.7 growth in net sales to 1.61 billion euros, 9.2 per cent rise in operating profit to 415.0 million euros and a 7.1 per cent increase in profit to 330.9 million euros. Russia proved a regional strength during the year and demand for Nokian’s passenger car tyres increased there, while demand “decreased clearly” in Central Europe. Combined output of the company’s plants in Nokia, Finland and Vsevolozhsk, Russia in 2012 was 15.7 million tyres, and the annualised capacity at year-end was 18 million pieces.

21st March 2013/12,345 Comments/by Tyrepress Editors

Pirelli results, outlook confirm emphasis on premium segment

In reporting its 2012 results, Pirelli & C. SpA says it achieved “record profitability” last year thanks to its “focus on premium and efficiencies.” Net profit rose 27.4 per cent year-on-year to 398.2 million euros on the back of a 7.4 per cent increase of sales to 6.1 billion euros. EBIT rose 34.2 per cent to 780.8 million euros and the EBIT margin went up from 10.3 per cent in 2011 to 12.9 per cent last year.

13th March 2013/12,345 Comments/by Tyrepress Editors

Global truck sales to grow ‘moderately’ in 2013

Despite a dip in the overall market last year, some analysts are predicting that global heavy and medium truck sales will increase “moderately” in 2013 owing to rising demand from so-called Next-11 countries and other emerging markets.

The report by Frost & Sullivan forecasts that the combined GDP of key commercial vehicle markets will grow at 3 to 3.5 per cent in 2013. This is expected to stoke medium-heavy truck sales growth at the rate of 4.3 per cent in 2013. Furthermore, the slowdown in Europe and moderate expansion in truck demand in North America will be largely offset by robust growth in Next-11 and other Rest of World (RoW) markets, resulting in global medium-heavy truck sales reaching 2.8 million this year.

26th February 2013/12,345 Comments/by Tyrepress Editors

New long-haul tyres added to Kama range

The Nizhnekamsk SSC Tire Factory in Russia has started production of two new Kama brand truck and bus tyres. The NF 202 295/75 R22.5 steer axle tyre and NR 202 295/75 R22.5 drive axle tyre are aimed at long-haul operators. Manufacture of these tyres began in January, parent company Tatneft reports.

22nd February 2013/12,345 Comments/by Tyrepress Editors