Russia Archives - Page 36 of 70

Acclaim for Nokian tyres in Scandinavian, CIS tests

In addition to recent positive reviews in German motoring magazines, Nokian reports its summer tyres have met with success in Scandinavian and Russian tyre tests. The recently introduced Hakka Green summer tyre won an eight-tyre (size 205/55 R16) comparative test held by Finnish magazine Tuulilasi. This most recent addition to the Hakka summer line-up was especially praised for its excellent handling properties on dry and wet. “The best properties of the tyre include balanced and unchanging properties, both on wet and dry surfaces,” stated Tuulilasi. When discussing the tyre’s properties on wet roads, Tuulilasi noted that its neutrality and ease of driving in any situation.

3rd May 2011/by Tyrepress Editors

Michelin inaugurates Russian retreading plant

Retreading

In late April Michelin celebrated the official opening of its first retreading facility in Russia. The opening of the retreading plant, located at its Davydovo new tyre factory near Moscow, has been described by Michelin as one of the most important steps in its long-term business strategy for Russia and the CIS. The tyre maker intends to invest some 10 million euros in the facility in the years up to 2015. The establishment of the retreading plant has created 50 new jobs at the Davydovo site.

29th April 2011/by Tyrepress Editors

Conti on track for 10% sales growth in 2011

Company News

The first quarter of 2011 will form a “solid foundation” for Continental Corporation’s year as a whole, the tyre and automotive component supplier reported at its annual shareholders’ meeting. The complete report for the first quarter won’t be released until May 5, however at the April 28 event, Continental reported a 20+ per cent year-on-year sales increase during the first three months to more than 7.3 billion euros. EBIT, at nearly 634 million euros, was around 140 million euros higher than in the first quarter of 2010.

29th April 2011/by Tyrepress Editors

Starco preparing for further Eastern Europe growth

News

Agricultural and other primary resource industries continue to play a leading role in the economic growth and social development of the former Soviet republics. In these nations, agriculture, natural resource development and the construction industry have always been at the forefront of economic development, and this is now being further facilitated by the growth of private enterprise, an influx of foreign investment capital and a general recovery from the global economic recession.

26th April 2011/by Tyrepress Editors

Hankook launches new global TV campaign including ads in UK and Europe

Company News, Premium

Hankook has released details of a new global TV advertising campaign. The ‘Be One with It’ campaign will roll out in nine different countries in Europe including Germany, UK, Italy, Spain, France, Russia and Hungary as well as in North America (USA/Canada). Instead of showcasing only the tyres’ performance, the campaign focuses more on the drivers feeling of ‘being one’ with the tyre and the road. Extreme sports such as jumping off cliffs and airborne helicopters with specially designed wing suits, called the ‘base jump’ are utilized to present the theme.

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20th April 2011/by Tyrepress Editors

Triangle wins Caterpillar platinum supplier award

News

Triangle Group, one of the largest tyre makers in China and arguably the largest producer of radial OTR tyres in the country, is celebrating winning a SQEP platinum supplier award from well-known off-road vehicle manufacturer Caterpillar.

19th April 2011/by Tyrepress Editors

Dunlop Aircraft Tyres lands five-year Icelandair Boeing 757 deal

News

Dunlop Aircraft Tyres has announced that it has signed up to supply tyres to the 28 aircraft that are maintained by Icelandair Technical Services. The five-year agreement covers both the supply of new tyres and retreading for a fleet of 16 aircraft operated by Icelandair on passenger and cargo routes, as well as 12 flown by airlines in the Nordics and Russia. The company says the deal underlines its high-flying position with Boeing 757-200 operators like Icelandair; Dunlop also supports other major European 757-200 operators such as DHL, First Choice Airways and Thomas Cook.

11th April 2011/by Tyrepress Editors

Nokian to build second plant in Russia

News

At the company’s Annual General Meeting on April 7, Nokian Tyres president and CEO will share plans about the construction of a second factory in Russia. This new plant will be erected alongside Nokian’s existing plant in Vsevolozhsk. “Market outlook has strengthened clearly and we need more production capacity,” reported Gran in a statement prior to the AGM. “We, together with the local authorities, are preparing a new plant next to the current one, which will increase our annual car tyre capacity by five to six million tyres. Negotiations about tax relieves and infrastructure investments are in their final stage.” Gran added that the factory will enter production in 2012 and capacity increases will be made in the two years to 2014.

7th April 2011/by Tyrepress Editors

Nokian experiencing increased demand, especially in Russia

News

Following the company’s recent pre-announcement of fiscal results, financial analysts have characterised them as proving “demand has continued to grow in all Nokian's key markets. According to an investor’s note published by Deutsche Bank, this is said to be especially in Russia, where foreign car sales are expected to grow by about a third in 2011 – 2012. Nokian said its sales will reach 278 million euros, with pre-tax profits (EBIT) of some 65 – 70 million euros in the first quarter of 2011. According to Deutsche Bank, the upper end of the EBIT-range was “56 per cent ahead of Reuters’ consensus estimate before the announcement.” Nokian’s management also upgraded its full year 2011 guidance: “In 2011, the company is positioned to provide strong sales growth and to improve operating profit clearly compared to 2010.” Previously the company had said: “In 2011, the company is positioned to provide strong sales growth and to improve operating profit compared to 2010.”

5th April 2011/by Tyrepress Editors

Pirelli launches Winter Icecontrol

News

Winters in Scandinavia and Russia can be extreme and drivers in these markets require tyres specifically designed for the conditions encountered there. One such product is the latest winter tyre from Pirelli, the Winter Icecontrol. This non-studded passenger car tyre will be released in mid-2011 and Pirelli says it distinguishes in a number of areas, including braking and handling on ice and in mud, traction and braking in the snow, rolling resistance levels and reduced noise levels.

28th March 2011/by Tyrepress Editors

Yokohama outlines 2011 motorsport activities

Motorsport

Motorsport is viewed by Yokohama Rubber as a “key aspect its efforts to develop its global tyre business,” and with this in mind the Japanese tyre maker says it will “strive to increase the degree of recognition of the Yokohama tyre brand through a wide range of motor sports activities in Japan and around the world.” On March 24 the company announced its global motorsport plans for 2011.

24th March 2011/by Tyrepress Editors

Customer feedback is vital, says Hercules Tire International

News

Hercules boasts a long history in the tyre wholesaling business. First established in the 1950s, today the company sells tyres to more than a hundred countries through its Hercules Tire International division and offers its customers a well-established exclusive private brand. The firm is also active in North America through its own distribution companies there. Tyres & Accessories recently spoke with Rick Dorscht, managing director of Hercules Tire International’s European division, who shared the Hercules approach to long-term strength in the global wholesaling business.

23rd March 2011/by Tyrepress Editors

Another Step Forward: Trelleborg explains rationale behind recent acquisitions

Company News

Recent months have seen a flurry of expansion and acquisition activity at Trelleborg Wheel Systems. First the company enhanced its position in the European solid tyre market through the acquisition of Watts’ industrial tyre business towards the end of 2010 (it was officially finalised during February 2011). Then came the acquisition of the pneumatic tyre production lines at the former Hebei Starbright plant, which the company bought from Maine Tire in the US. Most recently the company launched its TMBlue eco-concept range at the SIMA show in Paris at the end of February. Tyres & Accessories was on hand to hear further details about the thinking behind the recent developments and noticed a significant nod in the direction of further expansion in the emerging markets.

21st March 2011/by Tyrepress Editors

Emerging market interest in value-generating products key to expansion – Trelleborg

Company News

Emerging markets such as the BRIC countries are expected to drive growth for Trelleborg Wheel Systems over the next few years. In the Trelleborg Group’s 2010 annual report, Maurizio Vischi, president of the business area responsible for producing industrial and agricultural tyres, said “emerging markets as Brazil, China and Russia have begun to show more interest in high-tech products and products that generate value. This provides significant expansion potential through greater presence in these markets.” Vischi admitted that that Trelleborg expects only “restricted” growth in Western Europe and North America, where the business area already counts as “one of the principal players.”

21st March 2011/by Tyrepress Editors

Nokian 2010 annual report released

Company News

Nokian Tyres has released its annual report for 2010, a year in which, said CEO Kim Gran, “demand, sales and profitability saw a clear positive turn.” Order intake in the company’s core Nordic and Russian markets experienced “rapid growth” in the second quarter, Gran added, while Nokian was “delighted by the strong growth seen in the sales and profitability of our Central and Eastern European operations.” In the annual report the Finnish tyre maker stated its key strategic objectives into the year 2015, including Nordic market leadership as a tyre manufacturer and distributor plus the leading manufacturer and distributor of premium car tyres in Russia and the CIS as well as one of the top suppliers of special heavy tyres in this region.

17th March 2011/by Tyrepress Editors

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