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Wide Base Single Tyres Given the OK in Canada

Canada’s road haulage industry will be able to utilise wide single truck tyres following approval being granted for their use. The Council of Ministers Responsible for Transportation and Highway Safety has approved amendments made to Canada’s Memorandum of Understanding on Vehicle Weights and Dimensions. The amendments aim to, states a Memorandum of Understanding document, to “improve the consistency of weight limits applicable to use of these tyres across Canada, while also protecting highway infrastructure, the national standards for weight limits on single and tandem axle groups are being increased to the federal limits currently applicable in the United States.”

20th June 2008/by Tyrepress Editors

Thailand’s Vee Rubber to Increase Capacity for Export Markets

Thailand based manufacturer and exporter of car and motorcycle tyres, the Vee Rubber Group, has disclosed plans to invest up to a billion Thai baht (£15.5 million) over a period of several years. According to the Bangkok Post, the company desires to increase its car tyre production output to better serve its export markets.

The first phase of the company’s expansion will take place by the end of 2008, when Vee Rubber’s factory in Samut Sakhon Province will reach a new monthly output level of 200,000 to 300,000 tyres per month, up from the current monthly output of 100,000 car and light truck tyres. Reaching this capacity will require an investment of 400-500 million baht (£6.2-7.8 million). The remaining money will, over the next two to three years, be used to further boost the factory’s output to between 600,000 and 700,000 tyres per month. All of the added tyre output will be for export, primarily to Asia, Africa and North and South America.

19th June 2008/by Tyrepress Editors

New Goodyear Dunlop Europe Truck Tyres Marketing Director

Boris Stevanovic has been appointed Goodyear Dunlop Tires Europe BV marketing director for truck tyres, and in this role will be responsible for the company’s operations in this sector within Europe. He takes over from Pietro Saletta, who moves to Italy and begins as the company’s European director of Consumer Tires.

18th June 2008/by Tyrepress Editors

Taiwan Manufacturers Expanding Tyre Production in China

Taiwan`s three-largest tyre manufacturers, including Cheng Shin Rubber Industry Co., Hwa Fong Rubber Industry Co. and Kenda Rubber Industrial Co., are reported to be planning to increase investment in their facilities in mainland China.

Cheng Shin will invest between US$50 million and US$60 million to expand the production capacity of its Kunshan, Jiangsu province plant between now and the end of June 2009. Once completed, the expansion will see daily production capacity at the plant rise to 54,000 passenger car tyres from the present level of 45,000, making the facility the largest tyre plant in China. The company also noted it would invest between US$60 million and US$70 million to expand production capacity at its plant in Haiyen plant in Xiamen, Fujian Province. Daily output would be boosted from the current level of 4,000 passenger car and truck tyres up to 6,000. Expansion in production at these two facilities is anticipated to help Cheng Shin increase its annual sales by a total of NT$15 billion (US$496 million).

13th June 2008/by Tyrepress Editors

Goodyear Makes Additional Commercial Increases

Goodyear confirmed that it is increasing the prices of some of its Steelmark and Remington commercial truck tyres by up to 10 per cent, effective July 1. Recently, Goodyear announced an increase of up to 9 per cent on its Goodyear, Dunlop and Kelly commercial brands in North America. (Tire Review/Akron)

11th June 2008/by Tyrepress Editors

Michelin Truck & Bus Tyre Prices to Rise in Asia Pacific

Ever escalating raw material, energy and transportation costs are continuing to make their presence felt with global tyre makers. The latest to announce price increases as a result of these factors is Michelin, who has announced prices for truck and bus tyres sold in the Asia Pacific region will rise by up to 12 per cent. These new prices will be implemented between July and September 2008.

The latest price increase follows a number recently announced by the Michelin Group, including up to 8 per cent for numerous US market segments and, in Europe, up to 3.5 and 3.9 per cent for passenger car and truck tyres, effective spring 2008.

10th June 2008/by Tyrepress Editors

Yokohama Establishes Thailand Sales Office

Only weeks after announcing the start of operations at its new Yokohama Asia facility in Thailand, the Japanese tyremaker has announced the establishment in May of Yokohama Tire Sales (Thailand) Co., Ltd. This new tyre sales company, also based in Bangkok, will begin trading in July 2008 and has been fully capitalised by Yokohama Rubber at a cost of 200 million baht (£3 million).

Yokohama reports that sales of its branded tyres, particularly in the high performance passenger car tyre segment, are rapidly increasing. Previously Yokohama Rubber sold its tyres nationwide through local tyre distributors. The company says, however, it has become necessary to establish its own tyre sales company so as to further expand sales of passenger car tyres and also strengthen sales of truck/bus tyres and light truck tyres that are manufactured by Yokohama Tire Manufacturing (Thailand).

10th June 2008/by Tyrepress Editors

Indian Tyremakers Raise Prices with Rubber Soaring

Tyre manufacturers in India are responding to the sustained, near-record input cost of rubber by raising product prices.

Having already raised prices on truck tyres by 2 per cent on 1 June, Ceat Ltd plans to raise prices on other tyres by between 2 and 5 per cent on 10 June. Natural rubber costs are blamed for the hikes, having risen 31 per cent this year. Other companies to have raised prices in recent months include MRF Ltd and Apollo Tyres. In addition, AS Mehta, Marketing Director for JK Tyre told news agencies that the company is considering a further increase in June, following a cross-segment hike in April.

6th June 2008/by Tyrepress Editors

International Tyre Exhibitors Sign Up for Tyrexpo Asia’09

International exhibitors are already confirming plans for the new products and displays designed to catch the eye of tyre industry buyers at next year’s Tyrexpo Asia March’09 exhibition. For Singapore-based manufacturer and distributor Omni United, the sales focus next March has already been agreed as its Radar ranges of bus and truck tyres, designed in India and manufactured in China. Radar OTR tyres will also form a very prominent stand presence, with products ranging in size to cover mining and industrial equipment from 21 to giant 57-inch wheel sizes.

Confirming the company’s plans, senior vice president, Shivi Kalra said: “Tyrexpo Asia’09 is an important opportunity to interact with current customers, showcase our expanding ranges of products and meet potential new customers. Next year the focus will be on our ranges of SUV, PCR, TBR and OTR tires – all marketed under our Radar private brand range.”

5th June 2008/by Tyrepress Editors

Goodyear Receives Hino Motors’ Excellence Award

Hino Motors Manufacturing USA Inc. has presented Goodyear Tire & Rubber Company with its Quality Excellence Award for commercial tyres on Hino medium-duty trucks.

Hino Motors said the award was given to Goodyear for “outstanding product quality.” Goodyear supplies Hino Motors, a Toyota Group Company, with a variety of truck tyres, including Unisteel G149 RSA RH and G182 RSD regional-service tyres.

5th June 2008/by Tyrepress Editors

Conti Report No Contact Over Truck Tyres

Continental has responded to claims from German news sources that Italian rival Pirelli are interested in buying the German manufacturer’s truck tyre business, stating that they have yet to be contacted. A spokeswoman for Continental said that “There are no sales talks whatsoever”.

The speculation follows reports in Germany’s leading commercial economy newspaper Handelsblatt that Pirelli’s Chairman, Marco Tronchetti Provera, has declared definitively the company’s interest in truck tyres. Coupled with the attention devoted to Continental’s truck tyre business by the German company’s management in April this year, conjecture continues to develop as to the fate of the department.

4th June 2008/by Tyrepress Editors

Michelin Wins Collease Contract Following Trial

An extensive in-house trial conducted by Collease Truck and Trailer Rentals has led to Michelin winning a contract from the Norwich-based firm.

The trials, which compared the performance of Michelin’s truck tyres against a number of other manufacturers’ products, have resulted in Collease fitting Michelin-branded tyres across a 3,350-strong fleet of commercial vehicles and trailers, ranging from vans to 44 tonne tractor units and trailers.

3rd June 2008/by Tyrepress Editors

Pirelli Interested in Continental Truck Tyre Unit

Pirelli is said to be interested in buying the truck tyre division of Germany’s Continental AG, German news sources have reported. “We are looking at all attractive targets. Truck tyres are definitely interesting for us,” Pirelli Chairman Marco Tronchetti Provera told the Handelsblatt newspaper.

Continental’s management recently scrutinised the truck tyre department’s first-quarter figures after its pre-tax earnings (EBIT) margin of 3.8 per cent came in below the company’ target of 10 per cent for all divisions by 2010. The announcement lends credence to suggestions that Pirelli is aiming to expand its tyre business through acquisitions.

3rd June 2008/by Tyrepress Editors

A Little Bit Different: Vogue Follows Its Own Path in Industry

Founded in 1914, Vogue Tyre has always been a little different, a bit more upscale. Best known as “that Cadillac tyre,” Vogue catered to top-end cars and sold what was touted as the industry’s first whitewall, a stark contrast to the day’s solid black tyres. Later, it added its now trademark white/gold sidewall stripes.

A family-owned company then as it is now, Vogue has never aspired to be a major tyre player, but rather wants to be known as a quality company with quality people (180 of them) offering quality products. The Mt. Prospect, Illinois-based Vogue is also a quality customer, celebrating its 70th anniversary as a Goodyear customer – and as Goodyear’s oldest private brand account.

30th May 2008/by Tyrepress Editors

Toyo to Build New Asia Facility, Increase Capacity in North America

A new manufacturing facility in Asia and increased capacity in North America have been announced by Toyo Tire & Rubber in order to reinforce its tyre business’s global supply system. This measure is being undertaken as part of its Medium-Term Business Plan 2008, a three-year business plan that will be in operation through to the year ending March 31, 2011.

Toyo believes that simply boosting production at existing plants is not sufficient to meet anticipated growth in global demand. Therefore the company has drawn up a shortlist of potential locations for a new tyre production plant in Asia, which will serve as an export centre for the global market. This facility is scheduled to be ready during the 2010 fiscal year and will be built at a total investment of around 24 billion yen (£115.6 million). Planned production will mainly concentrate on passenger car tyres and by March 2012 annual output at the site is expected to reach 4 million units.

30th May 2008/by Tyrepress Editors