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CGS Outlines Rumaguma Plant’s Role in Radial Capacity Expansion

Following the announced acquisition of the Rumaguma tyre manufacturing facility in Serbia formerly owned by GPX International, the CGS Group has disclosed it intends in time to use the facility as a basis for the further development of the company’s European radial capacities. The Czech Republic based manufacturer will integrate the Rumaguma plant industrial and agricultural tyre plant into its tyre division operated by MITAS a.s. The acquisition is, says CGS, part of the group’s strategy of focusing upon the agricultural and industrial tyres business, and will further support its second position in the European agricultural tyres segment.

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Solideal Releases Raptor Rubber Track Brand

Solideal International has released a new line of rubber tracks under the Raptor brand name. Raptor rubber tracks have been developed in 33 different sizes to fit the most popular mini excavator machines and are reportedly intended to offer “good value for money for price sensitive customers.” Raptor brand will be available in North America as well as in many European countries including: the Baltics, Czech Republic, Denmark, Finland, France, Germany, Italy, the Netherlands, Poland, Sweden, UK, Romania and Serbia. Solideal has been manufacturing premium rubber tracks since 1991. The group employs over 9000 people in 20 countries.

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Serbia Bans Imports of Used Tyres

Serbia banned used tyre imports on 1 February, apparently due to “environmental concerns,” Environmental Protection Ministry officials stated. Online news reports quote tyre producers as saying that they would ask for licences to continue to import used tyres, because they are needed as a basis for making their own products. According to the reports, tyre imports have steadily decreased over the years and the minimal amount used for production purposes is disposed of according to all ecological standards.

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Michelin Increasing its Share in Tigar Tyres by 30%

According to a report printed in French newspaper Les Echos, Michelin will gradually increase its share in Serbia’s Tigar Tyres from 64 per cent to 94 per cent. This enlarged stake will come through a 32.5 million euro investment in the manufacturer, who is currently part owned by the state of Serbia.

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Bridgestone Serbian Sales Up

Bridgestone is currently selling 25,000 tyres annually in the Serbian and Montenegrin markets, local news sources have reported. This figure was revealed by the company’s country manager for Serbia Goran Kočovski, who added that the sales of truck and passenger vehicle tyres were at equal levels. According to one local newspaper, Bridgestone holds a 10 per cent share of Serbia’s truck tyre market, and plans to double the sales in five years’ time. The company is reportedly aiming to increase passenger car sales 20 to 30 per cent a year in the area.

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Tigar Benefits From Michelin’s Commitment

Tigar, based in the Serbian town of Pirot, has a domestic market share of about 52 per cent. This strong foothold on the local market is at least partly due to technological support and know-how supplied by Michelin. At the same time the privately owned company sells a significant proportion of its annual production (3.2 million tyres) abroad. In particular France and the UK are important export markets for Tigar. Currently there are certain restructuring measures taking place in the company, which could also affect the future of the Tigar brand in the Michelin Corporation as well as the future of the factory itself.

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Trayal Sold to a Bulgarian Power Supplier

Serbia’s second largest tyre manufacturer, Trayal Corp., is soon to be sold and therefore privatised. According to reports, the privatisation agency in Serbia has announced a public tender to bid for the traditional state-owned company. The Bulgarian power supplier Brikel EAD has now made the highest offer and will soon start to negotiate the details of the deal with the agency, local media sources wrote. The bid was £8.2 million for a majority share plus modernisation investments of up to £16.9 million.

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Solideal Opens New Warehouse

For Sri Lankan tyre manufacturer Solideal, 2006 is proving to be an important year for its growth in the UK. After two record sales years the company has invested in a new warehouse facility in the heart of the UK. Located in Stafford, the 57,000 square foot facility is perfectly positioned to meet the distribution demands of its customers.

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GPX Buys Starbright Factory: Update

Following GPX International’s recent acquisition of the Hebei Starbright tyre factory in China, Tyres & Accessories has learnt that GPX plans to refurbish and modernize the site and expand the range of products produced in the factory. The company is to introduce a full range of bias and radial agricultural tyres, including both 85 series and 70 series radial rear tractor fitments. In addition GPX representatives say the company will install a solid tyre workshop using the technology obtained in its acquisition of US-company, Maine Industrial Tire Limited (MITL).

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