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Sumitomo net income up 24.9% in 2012

For the year ended 31 December 2012, Japan’s Sumitomo Rubber Industries Ltd. recorded net sales of 710.2 billion yen (£4.9 billion), a year-on-year increase of 4.9 per cent. Operating income, at 69.7 billion yen (£481.5 million), was up 29.3 per cent on the 2011 result, while ordinary income of 67.4 billion yen (£465.1 million) represented a 34.9 per cent rise. Net income for 2012 amounted to 35.5 billion yen (£237.9 million), a 24.9 per cent year-on-year increase.

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

Yokohama enjoys a record 2012

Last year was a new high water mark for Yokohama Rubber Co., Ltd., with the 2012 fiscal year delivering record net sales, operating income and net income. The company says these results reflect the strong growth of original equipment sales to Japanese vehicle manufacturers, a business recovery in industrial products, success in securing market acceptance for price increases, a decline in raw material costs, continuing progress in reducing costs, and the weakening of the yen toward the end of the year.

14th February 2013/12,345 Comments/by Tyrepress Editors

Solvay to build a new silica plant in Poland

Solvay is investing 75 million euros in building an 85,000 ton a year Highly Dispersible Silica (HDS) plant in Włocławek, Poland. Combined with further capacity expansion at its site in Qingdao (China), these two investments are designed to increase Solvay’s global highly dispersible silica production capacity by 30 per cent.

14th February 2013/12,345 Comments/by Tyrepress Editors

Yokohama outlines Philippines, Russia projects

Production capacity for Yokohama Rubber’s passenger car tyres will increase in Asia and Russia through the implementation of two separate projects.

14th February 2013/12,345 Comments/by Tyrepress Editors

Despite shaky Q1, Nokian looks forward to 2013 growth

Upon reporting increased sales and profit in 2012, Finland’s Nokian Tyres shared its projection for replacement market growth this year in its main markets. Nokian anticipates demand for replacement passenger car tyres will grow one to two per cent in Europe, two per cent in Nordic countries and two to five per cent in Russia. Admittedly, the tyre maker concedes the pricing environment for all tyre categories will be “challenging” this year, although margins will be supported by a ten per cent year-on-year easing in raw material costs in the first quarter of 2013 and a four per cent easing over the entire year. Although Nokian expects to see growth in net sales and operating profit in 2013, it believes that first quarter performance will be “clearly weaker” than in 2012.

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

Nokian launches Hakkapeliitta R2 non-studded winter tyre

As the successor to a multi-test winning winter product, Nokian believes its new Hakkapeliitta R2 non-studded winter tyre exemplifies the company’s latest winter tyre innovations. Chief among these is the Nokian Cryo Crystal Concept compound, which has cystal-esque particles designed to “grab the icy driving surface” in order to improve grip. The cryo-silane based winter silica compound works across a wide temperature range, achieving better winter surface grip and improved wear resistance. It is also optimised for reduced rolling resistance.

6th February 2013/12,345 Comments/by Tyrepress Editors

Michelin: Tyre sell-in unit volumes weak in December

The latest tyre market data published by Michelin is being read as a warning signal by market analysts. The figures, which reflect demand trends in December and for 2012 as a whole suggest tyre sell-in unit volumes were weak. European light vehicle replacement sales, specifically, continued to slip (-7%), despite falling 19 per cent year—on–year in December 2011. Overall this is being interpreted as a response to a poor winter tyre season.

22nd January 2013/by Tyrepress Editors

Bridgestone inaugurates Mid-East, Africa training centre

Bridgestone Corporation subsidiary Bridgestone Middle East & Africa FZE has opened a new multipurpose facility in Dubai. The centre, known as ‘Bridgestone Park’, is located in the Jebel Ali Free Zone and will be used for training company employees and distributors throughout the Middle East and Africa in the areas of sales and technical support for passenger, truck and bus tyres, along with training in the technical skills required in the manufacture of Bandag brand retreads. The 21,678 square metre facility also contains a passenger tyre retail shop that is intended to serve as a model for shops in the Middle East and Africa that handle passenger tyres and car maintenance, plus a truck and bus tyre service centre. At present 20 people are employed at Bridgestone Park.

22nd January 2013/by Tyrepress Editors

Nokian renews winter tyre range

Three new products have been added to Nokian Tyres’ Hakkapeliitta winter tyre range for the Nordic market and two new winter tyres have also been introduced for the Central European and North American markets. Announcing the five new products, company president and CEO Kim Gran stated “this is the biggest launch in the history of our company as we renew most of our winter tyre range. The new generation of Hakkapeliitta tyres is a significant upgrade to our long line of test winning products. We are looking forward to introducing the finely tuned safety and handling properties to the consumers.”

21st January 2013/by Tyrepress Editors

Autopromotec details Aftermarket Meeting 2013

Aftermarket show Autopromotec has announced details of 2013’s International Automotive Aftermarket Meeting (IAAM13) on 23 May 2013. Previously known as the EAAS (European Automotive Aftermarket Symposium), the conference aims to provide companies and professionals involved in the after-sales sector with an insider's perspective on the trends and developments within the aftermarket industry in Europe, as well as further afield. It will focus on new international channels for sales and marketing activities, both within Europe and selected strategic countries, such as those of the BRIC group (Brazil, Russia, India and China).

17th January 2013/by Tyrepress Editors

Nokian Winter Driving School offers cold weather tips

As the manufacturer of more than 20 test-topping winter tyres in 2012 tests conducted by German car magazines “Auto Bild”, “Auto Motor Sport” and “AUTOStraßenverkehr”, Nokian knows a thing or two about winter driving. And to help its customers supplement their knowledge and skills the Nokian Tyres Hakkapeliitta Winter Driving School is now online, available in English, Russian, Swedish, Norwegian, and Finnish.

16th January 2013/by Tyrepress Editors

New compounds, new machinery in Enschede

With Apollo Vredestein’s Enschede factory continuing to expand, and with the Indian parent company having invested around 100 million euros in the European company since the 2009 acquisition, Tyres & Accessories took advantage of its recent visit to Enschede for the opening of Apollo’s new global R&D centre and also have a look at the latest developments at the Dutch tyre factory.

15th January 2013/by Tyrepress Editors

Titan personnel changes announced

Titan International has announced several personnel changes resulting from its acquisition of Titan Europe. Cecilia LaManna will serve as the CEO of ITM, the company’s design and assembly centre for complete undercarriages and side frames in Europe. And Chris Akers will head up the entire Titan Europe wheel group; Akers will report to Titan Wheel’s president, Dave Salen.

7th January 2013/by Tyrepress Editors

Yokohama announces personnel changes

At its board of directors meeting on 27 December, Yokohama Rubber approved a number of changes in responsibility for senior management. These changes entered effect on 1 January. Kinya Kawakami, Yokohama’s director and managing corporate officer, has taken over from Toshiyuki Nishida as general manager of the company’s Hiratsuka factory. In other change that took effect 1 January, Sinichi Suzuki, who is president of the company’s Yokohama R.P.Z. L.L.C. tyre plant in Russia, is no longer general manager of the Russia Tire Plant division.

4th January 2013/by Tyrepress Editors

Are Nokian earnings losing traction?

In the run-up to Nokian’s publication of fourth quarter financial results, some financial analysts are asking if the Finnish company’s earnings are losing traction. The reason is said to be that “decelerating Russian sales and an unexciting European winter tyre season are a recipe for disappointment”.

20th December 2012/by Tyrepress Editors