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Sibur Opens China Trading House

Sibur, the largest petrochemical holding company in Russia and Eastern Europe and, has opened a Chinese trading company. Known as Citco (Shanghai) Trading Co., Ltd., the new China registered trading company is located in Shanghai and will engage in sales of petrochemical products, with payments in Chinese currency. Previously exports of Sibur’s products to China were coordinated through the corporate trading company CITCO (Austria), with payments in US dollars. Included in the petrochemical products Sibur exports is synthetic rubber, such as polybutadiene, for use in tyre production. In 2009 Sibur sold more than 47,000 tons of synthetic rubber in China.

20th September 2010/by Tyrepress Editors

Nokian Introduces Hakka Green Summer Line-Up

Nokian has launched a new summer tyre range, the Hakka Green. The Finnish tyre maker describes the Hakka Green as a tyre that “uniquely combines the needs of drivers on northern roads” and can reliably deal with all summer conditions, whether it be hot roads, wet weather conditions or late autumn’s steadily cooling weather. Green credentials for the tyre are earned through “extremely low” rolling resistance; Nokian says it is 15 per cent lower than that of its predecessor, the Hakka H. This equals a decrease in fuel consumption of almost three per cent, and Nokian adds that fuel savings in comparison with “average” summer tyres is some five to eight per cent.

20th September 2010/by Tyrepress Editors

Magna Tyres Goes Down Under

Netherlands-based OTR tyre producer Magna Group has entered the Australian earthmoving tyre market with the arrival of Magna Tyres Australia in partnership with ADG Global Supply Pty Ltd. What is clear is that Magna Tyres is set to provide the market with a new alternative to the big three tyre makers. And this is a significant change because this market reportedly has not seen any new competitors in decades. The official Australian launch was held today (15 September 2010) in Perth, with numerous tyres on display and the opportunity to meet the founders of the Magna Group from The Netherlands. The launch of Magna’s OTR and industrial tyre range is accompanied by the construction of a new website – www.magnatyres.com.au.

15th September 2010/by Tyrepress Editors

Nizhnekamskshina Ramping up Production

Russia’s OAO Tatneft states production of solid steel core (SSC) tyres is to increase at the Nizhnekamskshina factory it commissioned late last year. According to the manufacturer, this year it will draw upon technology provided by Germany’s Continental to produce 130,000 SSC certified tyres in four different sizes, and by the end of the year a total of six sizes will be certified. Starting in September tyres will be shipped to the vehicle manufacturer OAO KamAZ for OE fitment on a number of trucks.

6th September 2010/by Tyrepress Editors

Dirk Reurslag Appointed VMI Vice President Sales & Projects

Dirk Reurslag was appointed as the new vice president sales and projects of VMI effective 16 August 2010. He succeeds Harm Voortman, who has recently been appointed as CEO of the VMI Group.

3rd September 2010/by Tyrepress Editors

Conti: HTL 2 Eco-Plus Offers ‘Top Economy’

The introduction of the new HTL 2 Eco-Plus long-distance trailer tyre sees Continental complete its new tyre product range for international long-distance transport that the firm has been successively launching since 2009. By using a casing and tread pattern that is configured for long-distance transport, this trailer tyre is designed to combine further optimized furl consumption figures with “considerably extended life.” According to the company, Continental’s latest truck offering also complements the HSL 2 steer axle and HDL 2 drive axle tyres that have already been successfully launched. The latest development sees the company add the XL extra load carrying designation to its product line, enabling it to carry heavier axle weights.

1st September 2010/by Tyrepress Editors

SRT Secures Russian Renault Supply Deal

Renault is in the process of launching several models in Russia through its partnership with vehicle manufacturer AvtoVAZ. Included in this arrangement are the Logan and Sandero, which will be imported in CKD form and produced in AvtoVAZ’s Moscow factory from September 2010 onwards. Sibur-Russian Tyres reports its Cordiant tyre brand is being fitted as exclusive original equipment on these two models. The tyre maker anticipates it will ship some 100,000 tyres for the Logan and Sandero by the end of 2010.

27th August 2010/by Tyrepress Editors

Hauling Out of the Recessionary Market

Company News, International News, News, Product News, UK News

As in almost all industries, the calamity of the credit crunch has had a huge impact on the truck tyre market, reducing demand for products, and forcing manufacturers and traders to regroup. As a result of the economic crisis commercial vehicle businesses were forced to become savvier, demanding more from their tyres. Others simply went under. So with the remaining customers demanding improved performance, mileage and fuel consumption from their tyres while simultaneously being under economic pressure themselves, what affect has this scenario had on the size and development of the market? And what does this mean for truck tyre pricing both in the UK and across Europe?

26th August 2010/by Tyrepress Editors

Sibur-Russian Tyres to Supply Cuban State

Sibur-Russian Tyres has been awarded a US$8 million contract to supply Cuba’s Ministry of Agriculture with tyres. Under the arrangement the Russian tyre maker will ship 40,000 truck and agricultural tyres to the Caribbean nation. Sibur-Russian Tyres states the decision to participate in the tender process for this contract lines up with its strategy of entering the Central and Latin American markets. The company has already entered into contracts to supply products to Brazil, Venezuela and Ecuador.

26th August 2010/by Tyrepress Editors

Hankook Prepared for First Appearance at Moscow Auto Salon

Hankook Tire says it is excited to announce its first appearance at the Moscow International Automobile Salon. The company’s reports that its exhibition space (booth 430 in hall 12 for those of you planning to visit) has been custom designed for this show and reflects the growing importance of the Russian and CIS markets for the company’s future business strategy.

26th August 2010/by Tyrepress Editors

Nizhnekamskshina Tyres OE on New Volkswagen India Model

Volkswagen opened a new factory in Chakan, western India in March 2009 and, along with the Skoda Fabia, now produces Polo models there. Russian tyre manufacturer OAO Nizhnekamskshina reports that it is supplying OE tyres for the new saloon version of the Polo, known as the Vento, built at the 115,000 square metre facility. Following the shipment of a batch of tyres for testing in late July 2010, the first consignment of Kama-Euro 236 tyres was air freighted to India.

24th August 2010/by Tyrepress Editors

Russian Tyre Makers in Merger Talks

Russian business daily Vedomosti reports that Sibur Holding and Nizhnekamskshina, a Tatneft petrochemical subsidiary, intend to merge their tyre assets to create an entity holding two-thirds of the market share in Russia. While Sibur Russian Tyres general director Vadim Gurinov was quoted as saying no decision has yet been made regarding such a merger, the news that the two companies are in talks was confirmed by a Tatneft official.

24th August 2010/by Tyrepress Editors

Analysts: Nokian Tyre 2Q Net Income 80% Ahead of Expectations

Following Nokian Tyres’s reporting of second quarter revenues of 260 million euros (13 per cent higher than consensus, up 36 per cent year-on-year), financial analysts have praised the Finnish tyremaker for beating net income predictions by up to 80 per cent and an overall “good quarter.” Searching the detail of the company’s second quarter presentation also reveals that, due to raw material price increases, the market can expect tyre price increases of 2 – 6 per cent during the summer and autumn of 2010. Other key company targets for the second half of the year include: to increase sales in all areas especially Russia, increase market share in core markets, and to “utilize the most feasible capacities.”

6th August 2010/by Tyrepress Editors

Nokian Increasing Capacity in Second Half to Meet Demand

Net sales at Nokian Tyres rose 36.3 per cent year-on-year during the second quarter of 2010 to 260.4 million euros, giving the Finnish tyre maker total net sales of 444.2 million euros in the current financial year – an increase of 28.1 per cent over the first half of 2009. Operating profit for the quarter was 60.9 million euros, a year-on-year growth of 200 per cent, while operating profit for the first half stood at 82.0 million euros, up 369 per cent on the corresponding period of last year. Second quarter net profit amounted to 52.6 million euros, a growth of 342 per cent on the 11.9 million euro profit in quarter two of 2009. Profits for the first two quarters total 72.6 million euros, an impressive 4,740 per cent increase on the 1.5 million euro profit reached in the first half of the 2009 fiscal year.

5th August 2010/by Tyrepress Editors

NZG Technology Key to Michelin’s Aircraft Tyre Segment Success

As Tyres & Accessories has reported on its tyrepress.com website, Michelin has recently secured a number of aircraft tyre supply deals. The French manufacturer was named the sole tire supplier for the Bombardier CSeries family and was chosen by Air France and KLM to equip their commercial aircraft. It has also been selected by Turkish Airlines, as well as by Russia’s Sukhoi to supply original equipment tyres exclusively for its SSJ100 Regional Jet. In addition, Michelin has been awarded an exclusive contract to provide original equipment tyres for the Gulfstream IAI G250, due to be launched in late 2010, and its tyres are in the process of being certified by Embraer for its E-170/175 family of airliners.

4th August 2010/by Tyrepress Editors