Thailand Archives - Page 18 of 36 - Tyrepress

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Michelin targets fast-growing markets with Energy XM2

The world is becoming increasingly mobile and vehicle parcs in emerging markets are swelling through first-time car purchases. In many countries motorists travel on a road infrastructure not designed with such volumes of traffic or modern vehicle technology in mind, and for this reason products designed for Western Europe may not present the best solution there; affordable technical solutions that accommodate differing conditions are required. This certainly applies to tyres. Concurrent to the Michelin Challenge Bibendum 2011, an event described as the global summit for sustainable mobility, Michelin released a new product aimed primarily at emerging markets, the Energy XM2.

24th May 2011/by Tyrepress Editors

Analysts: Cheng Shin reports ‘robust March sales’

In response to Cheng Shin Rubber (CSR) reporting March consolidated revenue of NT$11.2 billion, up 23 per cent year-on-year and 57 per cent month-on-month, financial analysts have described the figures as “well ahead of the previous high of NT$9.5 billion (Aug 2010).” The company is also said to be gained share in the Chinese domestic market.

21st April 2011/by Tyrepress Editors

Ruia reverses Dunlop India layoff decision

Dunlop India has reversed a previous decision to lay off more than 900 workers at its Sahagunj facility. Company management initially took the decision on April 2 and it immediately drew flak from trade union and state government representatives. Three days later Pawan K Ruia, chairman of parent company the Ruia Group, advised management to reopen the plant.

6th April 2011/by Tyrepress Editors

Survey: Thailand home to 3,200 tyre shops

International News

New research suggests that Thailand is home to some 3,200 tyre shops. And what’s more roughly 50 per cent of fast fits are based in the Thai capital of Bangkok. According to research, which was conducted by well known market data analysts GfK, the automotive industry is on a roll, particularly in Thailand, which recorded a 47-month high of domestic automobile sales last November.

In response GfK recently launched its automotive business in Thailand, tracking sales of replacement passenger car tyres and batteries. According to GfK’s latest findings, while tyre specialists are “uniformly spread out across the country,” fast fit outlets make up a third of all shops and are more commonly found in Bangkok area where demand tends to be higher compared to the other regions.

1st April 2011/by Tyrepress Editors

IRSG predicts decade of strong tyre demand

The secretary general of the influential International Rubber Study Group (IRSG) has predicted strong global demand for tyres through to the end of the decade. Speaking at the opening of Tyrexpo Asia 2011 in Singapore on 29 March 2011 Dr Stephen Evans said:

“Our forecasts point to a sustained growth and strong demand for new vehicles and tyres through to the end of the decade. Much of the extra demand will originate from China and to a lesser extend India, but from an overall perspective the years through to 2020 will be a period of opportunity for tyre makers and the replacement and service sectors.”

29th March 2011/by Tyrepress Editors

Hangzhou Zhongce confirms Thai factory reports

International News, News

Leading Chinese tyre manufacturer Hangzhou Zhongce Rubber has confirmed that it is planning to build a tyre factory in the vicinity of Bangkok, Thailand. Speaking to Tyres & Accessories, the executive responsible for the company’s Westlake brand Mr Ge, confirmed that the company had signed a contract with the Thai government to purchase land in the Bangkok development zone.

23rd March 2011/by Tyrepress Editors

Thailand to implement rubber price guarantees

Thailand’s Natural Rubber Policy Committee has agreed to set minimum and maximum prices for natural rubber as part of a range of measures intended to stabilise the industry and prevent major fluctuations in price. The Bangkok Post reported on July 22 that a task force chaired by the country’s Agriculture and Cooperative Ministry has been appointed to lay out these price guidelines within one month.

22nd March 2011/by Tyrepress Editors

2011 Rewards offer greater choice, says Maxxis

This year, dealers participating in the Maxxis Rewards scheme can look forward to “some extra spice,” promises Maxxis International. The top prize for retailers taking part in the 2011 Maxxis Rewards is still an all expenses paid luxury holiday, however this year quarterly draw winners will be given the opportunity to choose their prizes, while all participants can earn cash to spend with High Street retailers via the new Maxxis rewards card. Adding icing to the cake are Take That concert tickets up for grabs plus new point of sale items and an updated promotional clothing range.

18th March 2011/by Tyrepress Editors

Thai Government to prop up rubber prices

According to news published on the The Association of Natural Rubber Producing Countries’ website, Thailand’s government intends to intervene in its domestic rubber market and support prices following their recent fall. The country’s deputy prime minister, Suthep Thaugsuban, is quoted as saying “we will meet exporters very soon. We need to do something to support rubber prices; they should not fall below 100 baht (£2.01) per kilogramme.” Prices for USS3 rubber fell to 95 baht per kilogramme on March 14, down from 132 baht on March 11. Since mid-February prices for USS3 rubber have plummeted almost 50 per cent.

14th March 2011/by Tyrepress Editors

Japan earthquake exacerbates rubber price decline

Rubber prices have been in decline of late and the earthquake and tsunami in Japan have added to this downward trend. The trading of rubber futures on the Tokyo Commodity Exchange was suspended following a 30 yen per kilogramme drop in the April-delivery contract (to 378.4 yen) while the August delivery rubber contract declined 4.5 per cent or 17.9 yen to 383.5 yen. This decline was tracked by China's benchmark rubber futures on the Shanghai Futures Exchange, which on March 14 fell by six per cent, the daily limit, to RMB 33,480 per tonne.

14th March 2011/by Tyrepress Editors

Indonesian petrochemical firm gearing up for butadiene production

Indonesia’s PT Chandra Asri Petrochemical has outlined plans to diversify its production portfolio and enter the synthetic rubber sector through the construction of a new butadiene production facility – Indonesia’s first – in Banten Province. According to Mr. Suryandi, the company’s corporate secretary and investor relations director, the US$100 million facility will have a production capacity of up to 100,000 tons per annum and is expected to commence operations in the third quarter of 2013. Construction of the plant is anticipated to begin in the second quarter of this year.

8th March 2011/by Tyrepress Editors

Van den Ban – ready for the next 40 years

In August 2009 Dutch wholesaler Van den Ban Autobanden opened its new ‘Logistic Tyre Centre’ in the town of Hellevoetsluis. Those seeking a detailed description of the hi-tech warehouse facility can find it in the March 2010 edition of Tyres & Accessories, yet it is definitely worth mentioning that the material handling system used is without parallel in the tyre industry and enables the fully automated and mechanised internal transport, sorting and order picking of all tyres housed within the 24,000 square metre building; last year it smoothly dispatched more than 5,0 million tyres to customers throughout the region. Back when the centre opened, construction work on Van den Ban’s new administrative headquarters was underway on an adjacent greenfield site; last October this new head office building officially opened, marking the conclusion of Van den Ban’s two-stage expansion project. The wholesaler says it is now fully equipped to take on the ever evolving market and any challenges it may bring.

4th March 2011/by Tyrepress Editors

Tata Motors to build Nano car factory in Indonesia in 2013

Tata Motors is considering building a manufacturing unit in Indonesia which will be used to manufacture the famous Tata Nano model. According to Indian motoring sources, the plan is under “constant vigilance” by the various study teams. The report cited a Tata spokesperson as saying “Yes, we will be establishing a manufacturing unit in Jakarta. We will be announcing this piece of news shortly, but till then it is all under wraps.”

16th February 2011/by Tyrepress Editors

Maxxis rewards leading retailers with Shanghai trip

International News, News

Maxxis International thanked its top 18 performing retailers of 2010 – the winners of the top prize in the Maxxis Rewards programme – by taking them on a seven-day, all expenses paid trip to China. A mix of culture and business, the visit combined sightseeing visits to major attractions in Shanghai, Hangzhou and Shuzhou with a tour of the Maxxis factory in Kunshan.

15th February 2011/by Tyrepress Editors

Two-Year Rubber Squeeze Predicted

The acceleration in demand for tyres in rapidly growing economies like China and India has led to a sharp increase in natural rubber prices over a sustained period, as a look at the tyrepress.com News archive will tell readers. Now climatic conditions in major rubber supplying nations Thailand and Indonesia could prevent production upgrades, potentially leading to shortages and further price increases, according to estimates made by the Association of Natural Rubber Producing Countries.

24th January 2011/by Tyrepress Editors