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Starco enters Baltic, CIS JV with Tente

Starco has announced that its Eastern Group (SEG) and Tente have established a new joint company, Tente SIA, which will handle sales and support of Tente products in the Baltic States and the CIS region. Tente will be the majority shareholder of the company, which hopes to build on the existing sales and support structure SEG has established in the region since 2005, when the German parent company first sought the support of Starco in its endeavours to establish itself in the region.

23rd August 2011/by Tyrepress Editors

Nokian employs ‘C3’ system to organise product and materials scheduling

Canadian specialist yard management and dock scheduling software solutions provider C3 Solutions reports that Nokian Tyres has adopted its C3 Reservations system in its key European manufacturing facilities and distribution centres. The Finnish manufacturer’s sites in Nokia and in Vsevolozhsk, Russia are two locations named as beneficiaries of the new system, which is intended to optimise the scheduling of raw materials and finished products to, from and between the company’s facilities.

19th August 2011/by Tyrepress Editors

Techking releases Ice King fuel efficient studable winter tyre

Tyre manufacturer Techking reports that the first batch of its Ice King winter tyres with studs comes out at the end of July. The product is designed for use in north Europe, Russia and Canada markets, where snow is heavy. According to the company, the pattern was designed based on the feedback from the local partners and some market study by Effiplus engineers.

15th August 2011/by Tyrepress Editors

Nokian 1H profits double, sales up 41%

Nokian Tyres reports that the group’s net sales increased by 41.4 per cent to 628.0 million euros during the first six month of 2011 (444.2 million euros in the first half of 2010). Operating profit grew faster still, almost doubling to 165.6 million euros (2010: 82.0 million euros) and earnings per share increased to 1.06 euros (2010: 0.58 euros).

5th August 2011/by Tyrepress Editors

Continental AG manager investigated for Corruption

One of Continental AG’s managers is reportedly under police investigation relating to corruption allegations. Following an article in Germany's Bild newspaper, Bloomberg reported that Frankfurt prosecutor’s office confirmed that such an investigation is underway.

4th August 2011/by Tyrepress Editors

Nizhnekamsk plant to supply Daimler’s Russian JV with Conti tyres?

Russian corporation Tatneft, which operates the Nizhnekamsk Solid Steel Chord Tire Factory, reports that a delegation of representatives from Continental AG and Daimler AG visited the company in mid-July with a view to selecting the tyre maker as an original equipment supplier for its Mercedes-Benz Trucks Vostok joint-venture facility. The delegation toured the Nizhnekamsk factory in Tatarstan and viewed the technologies and production processes in use.

29th July 2011/by Tyrepress Editors

90% UHP surge in Europe helps Hankook to quarterly sales record

Hankook Tire has announced second quarter global sales of KRW 1,580 billion (£917 million), a rise of 21 per cent year on year, and the company’s best ever quarter. Operating profit for the quarter was KRW 110.7 billion. The region where the company experienced the greatest growth was the emerging Russian market, where Hankook nearly doubled its sales. In other major territories, sales grew by between a third and a half, with European figures at the top end of this scale. Hankook said its figures demonstrate the “increased recognition” of the quality of its tyres, as the ultra high performance segment outstripped total sales growth in its major markets, most notably in Europe, where the Korean manufacturer sold 89.6 per cent more UHP tyres year on year. Original equipment sales in the segment were also up 90 per cent in consolidated non-domestic markets.

26th July 2011/by Tyrepress Editors

MoU for Conti’s Russian plant signed

In conjunction with the Russia-Germany summit held in Hannover on July 18 and 19, Continental’s CEO Dr. Elmar Degenhart and the governor of the Kaluga region in Russia, Anatoly Artamonov, signed a memorandum of understanding on the new passenger tyre plant Continental is to build in Kaluga. The tyre maker intends to invest some 220 million euros in the Kaluga factory; construction will get underway before the end of the year and the factory is expected to be ready for production in late 2013. The Russian government has pledged to support the new site.

25th July 2011/by Tyrepress Editors

Pirelli named as Russian Cup sponsor

It isn’t Bridgestone as previously announced, yet a tyre maker will act as sponsor to the Russian Cup after all. The tyre maker in question is Pirelli, who on July 16 announced it will be the “institutional sponsor” for the Russian Cup’s 2011-12 season. Pirelli says it chose to sponsor the Russian Cup to consolidate its brand awareness in a rapidly growing market. It adds that Russia, where Pirelli has been present since 1985, represents one of the areas in which the group’s growth strategy is focused and – referring to plans for establishing a factory there – where it aims to have a direct industrial presence.

19th July 2011/by Tyrepress Editors

No Russian Cup sponsorship – Bridgestone to “explore opportunities” in Russia

An announcement was made on July 15 that Bridgestone would serve as title sponsor to the Russian Football Union’s (RFU) Russian Cup during the 2011-12 season. However Bridgestone reported on July 19 that on the same day as this first announcement was made, the RFU revealed its selection of a company other than Bridgestone as the event’s title sponsor.

19th July 2011/by Tyrepress Editors

Bridgestone title sponsor of ‘Russian Cup’ football championship

Title sponsorship for a major Russian football event will feature a familiar name this year – on July 15 Bridgestone Corporation announced the Bridgestone brand will serve as title sponsor of the Russian Football Union’s Russian Cup during the 2011-12 season. The nationwide football tournament will be officially titled the “Bridgestone –Russian Cup” will continue until May 2012. Premier league teams, who compete in the event alongside first division, second division and amateur clubs, begin their participation with the 1/16 finals that begin on July 17. The tournament’s winner will represent Russia in the UEFA Europa League.

15th July 2011/by Tyrepress Editors

Kama establishes ‘Tyre & Service’ presence in Czech Republic

International News, News

Russia’s Kama Trading House began building up its ‘Tyre & Service’ branded service centre network in 2010. Starting in Russia, the distributor of the Kama tyre brand (which is manufactured by JSC Nizhnekamskshina) expanded its operations into Kazakhstan and the Ukraine earlier this year. The company now announces it has ‘gone international’ with the opening of its first service centre in Eastern Europe. Together with tyre importer and re-exporter Czech Style Ltd., in June Kama established a presence in Zlin, Czech Republic – its first outside of the former USSR. Kama’s ‘Tyre & Service’ centre is located in the Zlin outlet of the ‘Czech Style’ service network, which incidentally belongs to Goodyear Dunlop’s Premio network.

7th July 2011/by Tyrepress Editors

SRT sells Saransk rubber products plant

Sibur – Russian Tyres reports that in June it finalised a deal on the sale of its share in the ‘OJSC Saransk Plant Rezinotekhnika’ operation. The decision to sell its 83.11 per cent stake in the rubber products manufacturer (who reportedly holds an eight per cent share of Russia’s rubber products market) to CSC Kurskrezinotekhnika, a manufacturer of conveyor belts, hoses and other technical rubber goods, was made in line with Sibur – Russian Tyres’ strategic decision to focus on tyre manufacture. The value of the transaction was not disclosed.

7th July 2011/by Tyrepress Editors

Conti expanding Russian automotive business

Just days after announcing plans to erect a greenfield tyre plant in Kaluga, Russia, Continental has revealed plans to expand production facilities at its automotive electronics plant there. The signing of an investment agreement between Continental and the governor of the Kaluga on July 5 coincided with the renaming of its local operation from AVTEL to Continental Automotive Systems Rus. Conti’s existing operation in Kaluga will be upgraded at a cost of more than 6 million euros. This investment will crate more than 120 new jobs cover the cost of a new production line; in addition to engine control units, which will account for the majority of production, the Kaluga site will also manufacture components for use in fuel supply and injection systems.

6th July 2011/by Tyrepress Editors

Sivik 3D balancers “providing extremely positive feedback”

Relative newcomer to international tyre and automotive servicing machinery Sivik has a comprehensive range of quality products that has seen exports increase, first from its Siberian home and now from its Slovakian sales office, as export manager Nikolay Valov told Tyres & Accessories in Bologna: “It was around six years ago that our marketing strategy was broadened, initially to develop sales in traditional Eastern bloc countries, but gradually this evolved to include several countries in Western Europe and beyond.

1st July 2011/by Tyrepress Editors