Hayes Lemmerz to Formalise Russian JV
Hayes Lemmerz International Inc plans to transform its technical alliance for the licenced manufacture of passenger car steel wheels in Russia into a formal joint venture over the next couple of years.
Russia
Tag Archive for: Russia
Amtel-Vredestein to supply tyres to Renault in Russia
Product NewsAmtel-Vredestein N.V., has confirmed that its Russian subsidiary, OJSC Amtel-Vredestein has been nominated to supply tyres for Renault Logan cars produced in Russia. According to the company, the signed Protocol provided Amtel-Vredestein an opportunity to participate in tenders to develop and supply tyres to various Renault projects worldwide. “This agreement is further validation of our prominent position in the Russian market and the outstanding quality of our tyres. We are honoured to be selected by Renault,” said Amtel-Vredestein CEO, Alexei Gurin.
New Appointments at Amtel-Vredestein
Product NewsAmtel-Vredestein has announced the appointment of new directors in the company’s Russian division. J. Anisimova has taken on the role of personnel department director and V. Ignatyev has been selected as the company’s new director for sales and marketing in Russia.
Get a Grip with Nordicca
Product NewsSlovakia’s number one tyremaker has held their “Matador Winter Grip” event for a second year, this time at Tále in the Low Tatra Mountains. Testing on what has been called difficult and snowy terrain in weather not conducive to the event, participants were able to experience driving the company’s tyres on a range of vehicles, including models from Mercedes, Skoda, Seat, Jeep, KIA and Honda.
Brityrex International on Target for a Record Show
Product NewsWith Brityrex International 2007 only a matter of weeks away, the show continues to attract exhibitors from a wide range of tyre and aftermarket sectors. Says Paul Farrant, managing director of the organisers ECI International: “When we began marketing the show, we deliberately targeted other aftermarket sectors as well as the tyre industry with a dedicated marketing and PR campaign. The result is a broader than ever exhibitor base, reflecting the wider range of services on offer today from garages and fast-fits as they concentrate on customer retention.”
Sibur-Russian Establishes Tyremakers’ Union
Product NewsSibur-Russian Tyres has instigated the formation of a subcommittee, subordinate to the Russian Chamber of Commerce and Industry’s committee on entrepreneurship in the automotive industry, to focus upon the development of Russia’s tyre and rubber industry. The aim of this subcommittee is to facilitate the consolidation of Russian tyremakers in order to protect their interests at the governmental level.
Nizhnekamskshina to Buy Technology from Continental
NewsTatneft CEO, Shafagat Tahautdinov, has said that Russia’s largest tyre maker Nizhnekamskshina would buy technology to manufacture whole metal cord truck and bus tyres from Germany’s Continental and build a 600,000 tyres a year plant, to be expanded to 1,000,000 tyres. CentreInvest analysts reported that the project cost is estimated at $180–200 million over two […]
Analysts: Nokian Results 10 per cent Above Consensus
Product NewsFinancial analysts are reporting that Nokian Tyres’ recent fiscal results exceeded expectations. According to one Deutsche Bank note the Finnish manufacturer achieved further quarter net sales and EBIT 10 and 11 per cent above consensus respectively. The driver for the strong performance is said to have been the company’s was Car Tyres division, as growth in Russia once again surprised, growing by almost 100 per cent.
Amtel-Vredestein Concede Conti Deal is Over
Product NewsAmtel-Vredestein N.V. has confirmed that talks regarding cooperation in Russia with Germany’s Continental AG have been suspended.
The company further announced that it will consider opportunities to reduce its debt including attracting equity participation in, or spinning off, its AV-TO subsidiary, Russia’s leading auto parts tyre distributor and number one tyre retail centres network.
Germany’s Frankfurter Allgemeine newspaper had previously published the comments of an unnamed member of Continental AG’s board, who said that the “deal has died for now.”
Goodyear and Bridgestone – Western Manufacturers in India
NewsAlthough the Indian tyre market is mainly characterised by its strong growth, it still is a market that is relatively self-sufficient. India still imports tyres, and the volume of imports is forever growing. Nevertheless, the import market still accounts for less than three per cent of the total, although decreasing tariffs and duties over the coming years will certainly facilitate tyre imports. But the question remains why Goodyear and Bridgestone remain the only foreign tyre manufacturers to have established their own production base in India – despite all the talk about how important the Indian market, as part of the so-called emerging BRIC states (Brazil, Russia, India and China), is considered to be.
Major Tyremakers to Attend CITExpo
Product NewsThe fifth China International Tire Expo, (CITExpo) is being held in Shanghai this September. Since the first exhibition was held in 2003 the CITExpo has grown rapidly and strengthened its position as one of Asia’s leading tyre events. The exhibition’s organisers, Reliable International Exhibition Services, report that this year’s upcoming event shows every sign of being another record breaking year. From the exhibition’s inception until 2006 the CITExpo was held solely in the west wing of the Shanghai Everbright Convention & Exhibition Center in the city centre, but this year the increased number of exhibitors has meant that the centre’s east hall has also been needed.
Brityrex International 2007 Puts Global Marketing Drive into Gear
Product NewsA major marketing campaign is underway to attract visitors from around the world to this year’s Brityrex International 07 show at the G-MEX Exhibition Centre in Manchester. More than 60,000 free entry tickets to the exhibition are being distributed throughout the UK tyre industry and to professionals around the world. Each exhibitor at May’s show also has the opportunity of taking hundreds of tickets to attract their own customers and contacts to the event.
Conti’s Winter Tyre Sales Exceed 19 Million
Product NewsThe rising demand for winter tyres across Europe has been reflected in sales figures released by Continental AG. Worldwide sales of Conti’s winter tyres reached 19.1 million in last year, an 8 per cent increase on 2005 sales and 41 per cent more than in 2002.
According to research conducted by Continental, this increasing demand has been primarily fuelled by the public becoming more widely aware of the safety issues related to winter driving. Changes to German road traffic regulations have also had an influence on sales.
In the words of Continental AG Chairman of the Board (and head of Passenger and Light Truck Tire division) Manfred Wennemer “This fifth consecutive record result confirms the correctness of our approach in this attractive segment and is reassuring for the coming years, since it can be attributed to growth in several markets. In Europe these are predominantly Germany, Russia and Eastern Europe as a whole, but they also include Italy, Holland and Belgium.“ Mr. Wennemer added that Continental is also pleased with market developments in North America.
Michelin OE for Russian Market Focus
Product NewsMichelin has signed the first OE deal for its Davydovo plant near Moscow. The plant, which opened in the summer of 2004, will produce two sizes of tyre as original equipment for models of the Ford Focus built in Ford’s Vsevolozhsk factory near St Petersburg.
Sibur to Target UK Market
Product NewsSibur tyres may soon be available at your local independent garage or tyre fitter. Russia’s largest tyremaker is preparing to launch its push into the UK market at the Brityrex International 2007 show in May.
