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Petlas invests $360m in new tyre production facility

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Petlas

Petlas will invest $360 million in the construction of a new light vehicle tyre production facility adjacent to the Turkish company’s existing plant in Kırşehir. The new production line will produce 100,000 tons of tyres for passenger cars and light commercial vehicles, increasing the manufacturer’s total capacity by 42 per cent, reaching 340,000 tons. It will create around 1,850 new roles. Petlas expects to break ground on the new factory in 2023, with completion slated for 2024-25.

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Sumitomo Rubber Group supports earthquake relief efforts

Falken’s parent company, Sumitomo Rubber Industries, Ltd. (SRI) and Sumitomo Rubber AKO Lastik Sanayi ve Ticaret A.Ş. (SAT) will provide relief supplies worth a total of 10 million Yen (equivalent to approx. 70,000 Euro) to the victims and those who are affected by the devastating earthquake that hit southern Turkey and northern Syria. The relief supplies consist of tents, sleeping bags and blankets worth 5 million yen (equivalent approx. 35,000 Euro) from SRI and groceries worth 5 million yen (equivalent to approx. 35,000 Euro) from SAT.

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  1. SRI investing in “advanced” tyre capacities, cutting “unprofitable” SKUs
  2. Bridgestone donates 1 million euros to earthquake appeal
  3. Yokohama Rubber gives 1 million yen to earthquake relief efforts
  4. SRI to stop Dunlop production at US plant, focusing on Falken brand
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Brisa: Inflation without TPMS

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Not so long ago the word ‘inflation’ typically drew thoughts to tyre pressure, at least in our line of work. But the other inflation has made an unwelcome comeback and is eating away at our purchasing power. Over in Turkey, the rate of inflation hit 72% in 2022 and made its presence known in Brisa’s financial results for the year. But against this backdrop of growing Turkish Lira weakness, the tyre maker had a good year.

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  1. Goodyear names Hakan Bayman as president of European Consumer Business
  2. Brisa 9-month revenues up 36%
  3. Financial Times Report – Bridgestone Falls From Global List
  4. Obituary – Sakip Sabanci
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Yokohama Rubber gives 1 million yen to earthquake relief efforts

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The Yokohama Rubber Co. Ltd. and its employee-backed Yokohama Magokoro Fund is giving a total of ¥1 million (¥500,000 each from the company and the Fund) to the Japanese Red Cross Society in support of relief efforts in the earthquake-stricken parts of Turkey and Syria.

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  1. Bridgestone donates 1 million euros to earthquake appeal
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  4. Yokohama Donates to WWF Japan
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Bridgestone donates 1 million euros to earthquake appeal

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Bridgestone is donating 1 million euros to efforts to offer relief to those struck by the recent earthquake in Turkey and Syria. Writing in a statement released on 14 February, company officials said:

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  1. $310 million in international financing to aid Brisa tyre plant project
  2. Goodyear names Hakan Bayman as president of European Consumer Business
  3. Lassa producer Brisa investing US$117.5 million to expand tyre capacity in 2012
  4. Bridgestone’s Brisa JV acquires telematics firm Arvento
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MTS named exclusive Petlas distributor

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A freshly-signed agreement sees Micheldever Tyre Services (MTS) become the exclusive UK distributor for Petlas passenger car, 4×4 and light truck tyres. Petlas is the third exclusive brand MTS has taken on since its acquisition by Sumitomo Rubber Industries in 2017

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  1. Vicki Tillson New Lassa UK Sales Manager
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European car tyre imports rise despite apparent risks of offshoring production

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Astutus Research

The European passenger car and light truck tyre (PCLT) import market recovered substantially from its bout of Long Covid in the second half of 2022 as the benefits of local versus remote production took an unexpected hit. A perfect storm of significantly lower freight costs and high European energy costs nudged the dial on the relative competitiveness of imports and domestic PCLT tyre production in the second half of 2022. Looking at the European PCLT tyre market through the prism of imports, leading sector analyst Astutus Research shares with Tyres & Accessories its data demonstrating the effects of a rapidly changing market context. The latest Astutus Research briefing, ‘Supply Dynamics in the European PCLT Tire Industry to 2028’, priced at £995 is available now on Tyrepress.

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Related news:

  1. EU-27 plus UK tyre imports rise 11% as winners and losers emerge from turbulent market
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Uzer Makina opens USA sales office

Turkish tyre curing press and mould specialist Uzer Makina has opened a new sales office in the USA. The Florida-based operation, Uzer Americas Trading Inc., will serve as the firm’s sales and project management centre for the entire American continent. Uzer Makina states that it will continue investing in this region in order to establish fast contact with its customers in America and to provide fast solutions to their needs.

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Maxion Wheels adding forged aluminium products to CV portfolio

The truck steel wheel plant that Maxion Wheels and Inci Holding have jointly built in Turkey is ready to open, and during last week’s IAA Transportation show the two companies additionally announced plans to set up a facility for manufacturing aluminium commercial vehicle wheels. Maxion Wheels says adding forged aluminium commercial vehicle wheels “rounds out” its globally leading steel wheels portfolio, making Maxion a “one-stop option for truck and trailer manufacturers.”

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SRI investing in “advanced” tyre capacities, cutting “unprofitable” SKUs

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Sumitomo Rubber Industries (SRI) intends to raise production capacities at a number of its facilities around the world, but at the same time will remove some products from its portfolio in order to address rising costs. It will also aim for more “flexible” production allocation in response to changes in the business environment.

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Döktaş joins EUWA

The Association of European Wheel Manufacturers (EUWA) welcomes Döktaş Dökümcülük Ticaret ve San. A.Ş. (Döktas Wheel Systems) as its newest member. The Güriş Industrial Group company is one of Turkey’s leading specialists in the manufacture of grey iron and aluminium goods for the automotive industry as well as for commercial and agricultural vehicles.

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ISO 50001:2018 for SRI facility in Turkey

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Sumitomo Rubber Industries (SRI) reports that its tyre factory in Turkey has gained ISO 50001:2018 certification for its energy management system. The Sumitomo Rubber AKO Lastik Sanayi ve Ticaret A.Ş. facility in Çankırı, which produces passenger and light commercial vehicle tyres under the Falken and Dunlop brand names, is the third factory in the Sumitomo Rubber Group to obtain ISO 50001 certification, following the previous certification of factories in China (Changshu) and Brazil.

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UK farmers to benefit from Goodyear Farm Tires’ Turkish radial production

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Goodyear Farm Tires will provide a significant boost to UK and European farmers in 2022 by offering an enhanced supply of radial tyres. These will come from production in Turkey, a site that has traditionally made cross-ply tyres but is now about to benefit from a new plant. From early 2022, Goodyear will source radial agricultural tyres there too, initially offering the UK and European markets 20 key radial sizes. This figure should double by the end of the year.

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Bridgestone’s Brisa JV acquires telematics firm Arvento

Brisa, the joint venture between Bridgestone Corporation and Sabancı Holding that holds a leadership position in Turkey’s tyre market, has acquired 88.89 per cent capital shares of Turkish fleet telematics company Arvento Mobile Systems (Arvento) for a consideration of TRY 291 million (£15 million). The transfer price will be subject to some adjustments, taking into account the net debt and working capital levels of Arvento at the closing date.

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  2. Site secured for Bridgestone’s new Turkish plant
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  4. Goodyear names Hakan Bayman as president of European Consumer Business
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Goodyear switching to renewable energy in European & Turkish plants

Goodyear tyre factories in France, Germany, Luxembourg, the Netherlands, Poland and Turkey will soon adopt 100 per cent renewable energy in the first step of a multiple-phase plan to solely procure renewable energy in all Goodyear facilities across Europe, Middle East and Africa by the end of 2022. The tyre maker will review other locations, such as Goodyear in South Africa and Cooper Tire plants in Serbia and UK, in a second phase.

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