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Bridgestone Establishes Vietnam Tyre Sales Company

Bridgestone Corporation subsidiary Bridgestone Asia Pacific Pte. Ltd. (BSAP) has established a new tyre sales company for the Vietnamese market. Based in Ho Chi Minh City, the new company is named Bridgestone Tire Sales Vietnam Limited Liability Company (BSTVN) and is 95 per cent BSAP owned. The remaining five per cent ownership is held by Mitsubishi Corporation. Established with a capital of US$700,000, BSTVN employs 18 staff and is headed up by Tetsuro Chiba.

1st April 2010/by Tyrepress Editors

Michelin Chooses Damco for Vietnam Logistics

Michelin has appointed freight forwarding and supply chain management service provide Damco as its logistics and customs clearance provider in Vietnam. Under the three-year contract, Damco will handle Michelin’s exports from Thailand into Vietnam, inland transportation, cross-docking and distribution to customers within Vietnam. Damco will also manage warehouse operations for Michelin in Hanoi and Ho Chi Minh City. The new logistics set up will enable Michelin to distribute directly to almost 100 dealers across the country.

9th March 2010/by Tyrepress Editors

Kwik-Fit Workers Discover Hash Farm Above Tyre Depot

Staff at a Kwik-Fit centre in York recently discovered they had been working under a cannabis growing factory. Unbeknownst to them 387 cannabis plants with a street value of up to £46,000 had been growing in the space above the branch in York. According to a report in the Yorkshire Post, workers only made the surprising discovery when water leaked through the ceiling and they went up to investigate the damage. The news made the papers today (29 January) after Vietnamese illegal immigrant Duc Van Tran, an illegal immigrant from Vietnam admitted conspiracy to produce cannabis in a case at Leeds Crown Court. Tran has been jailed for 20 months.

29th January 2010/by Tyrepress Editors

Update – Details emerging on Impact of Kumho Workout

Even as the debt-laden Kumho Asiana Group continues with its overall corporate restructuring plan, more details are starting to emerge about the fate of its Kumho Tire Co. unit. Both Kumho Tire and sister unit Kumho Industrial have entered a debt “work-out” program with creditors, and the “majority” of those creditors have agreed to freeze debt repayments for three months to allow the companies “time to carry out a planned restructuring programme.”

7th January 2010/by Tyrepress Editors

Michelin Establishes Presence in Vietnam

Vietnam Business Finance News has reported the opening of Michelin operations in Vietnam. The website states the French tyre major is establishing a presence within the country in order to take advantage of Vietnam’s rapidly increasing demand for radials.

6th November 2009/by Tyrepress Editors

Biking Travel Author Circumnavigates Globe on Avon Gripster Tyres

International motorcycle traveller Sam Manicom has navigated his way around the world on Avon Gripster tyres. The 50-year-old adventurer left home back in 1992 on a brand-new BMW R 80 GS with only three months experience of motorcycling under his belt. Since then he’s enjoyed adventures around the world, all of which are recounted in his books: Into Africa, Under Asian Skies and Distant Suns. More than half of the 250,000 miles covered by his trusty BMW over the years have been completed on Avon tyres.

8th October 2009/by Tyrepress Editors

ANRPC Annual Conference Looks “Beyond the Crisis

The Association of Natural Rubber Producing Countries (ANRPC) is hosting its Annual Rubber Conference on 4 November 2009 in Ho Chi Minh City, Vietnam. This year’s conferences’ theme is: “Beyond the Crisis: Emerging Asia and Opportunities for Natural Rubber.” Hosted by the Government of Vietnam, this one-day Conference will have three sessions followed by a panel discussion. The conference is being held in conjunction with the ANRPC’s assembly session and committee meetings to be held in the same week.

24th September 2009/by Tyrepress Editors

Kumho: Vietnam Plant Sale Reports “Completely Wrong”

International News

Kumho Europe representatives have quashed rumours that the South Korean tyre manufacturer is negotiating with Bridgestone over the sale of its new Vietnam factory. Wi Yun, Kumho Europe’s marketing manager, told Tyres & Accessories the suggestions published by Jaccar Investment are “a completely wrong statement.” Dismissing the report as “rumours” Wi added: “There have never been any negotiations nor discussion concerning this matter.”

4th September 2009/by Tyrepress Editors

China's Rubber Imports Jump 25% in July

International News

China's natural rubber imports jumped 25.8 per cent to 165,876 metric tons in July. Malaysian news sources cite customs reports that show the figure is close to an 11-year high which last peaked in March. China buys rubber from main producers Thailand, Indonesia and Malaysia, as well as Vietnam, Cambodia and West Africa. The high comes off the back of China’s strong passenger car sales in July, which jumped 70.54 per cent from a year ago.

25th August 2009/by Tyrepress Editors

Phillips Carbon Black Commissions New Power Plant

Phillips Carbon Black has invested in a means of converting excess gas into energy and financial savings. The India based company has announced the commissioning of its 30 MW co-generation power plant Durgapur, in the state of West Bengal. The Rs 1 billion (£11.6 million) facility, which utilising the waste gas produced during the process to generate power, was commissioned on September 29.

3rd October 2008/by Tyrepress Editors

Hankook Considering 3 Sites for Next Overseas Plant

Mexico, Russia and Vietnam are reportedly under consideration as potential sites for Hankook Tire’s third facility to be built outside of Korea. A final decision is most likely to be made in the second half of the year, however it appears that Vietnam may be the strongest contender in the running.

Last November chief executive Suh Seung-Hwa said Hankook was considering building another production facility overseas after it completed its Hungarian facility, the next stage of which should be finished in 2010.

13th March 2008/by Tyrepress Editors

Yokohama’s Vietnam Facility Inaugurated

According to an article published in the Thanh Nien News, Yokohama Rubber officially inaugurated its new Yokohama Tyre Vietnam facility in Binh Duong Province on February 29. This year output at the plant is expected to be around 1.3 million tyres, which will supply both the local and export markets, including Japan. The six hectare site will employ a total of 500 workers, the Vietnamese daily reports.

In 1997, Yokohama Rubber established Yokohama Tyre Vietnam Company as a joint-venture company with Southern Rubber Industry Company (Casumina) and Mitsubishi Corporation, and has manufactured bias tires for light trucks and tires for motorcycles. Yokohama Rubber plans to integrate this company with Yokohama Tire Vietnam Inc.

11th March 2008/by Tyrepress Editors

Bridgestone to Exhibit Eco Products at EPIF 2008

At the start of March the Eco-Products International Fair 2008 (EPIF 2008) will take place in Hanoi, Vietnam. This exhibition, one of the largest environment themed fairs held in the Asia region, is taking place for the fourth time, and this year tyre major Bridgestone has announced it will exhibit its products

It is unsurprising that the Japanese manufacturer has chosen to participate in such an event – in the company’s own words, the “Bridgestone Group continually strives to strengthen its environmental management and minimise its environmental footprint, all aimed at the goal of improving the world in which we all live.” At EPIF 2008, Bridgestone will showcase its environmental policy and projects related to environment and conservation.

26th February 2008/by Tyrepress Editors

Phillips Carbon Black plans Vietnam JV

Phillips Carbon Black Ltd reported on July 4 that it has signed an initial pact with the Vietnam National Chemical Corp to conduct a study into the feasibility of a joint venture facility in Vietnam. If such an arrangement proves viable Phillips Carbon Black say they will hold a majority stake in the new company. Company chairman Sanjiv Goenka has stated that a joint venture with Vietnam National Chemical would require an investment of around £30.6 million.

5th July 2007/by Tyrepress Editors

Kumho’s Vietnam Latex Facility Ready for Production

Preparations to ready Kumho Tire’s US$4 million latex processing facility in Vietnam have reached their conclusion and on June 28 the new plant began operations. The facility, located towards the south of the country in Binh Dong province, has an annual capacity of processing 11,000 tons of natural rubber latex, which will be sourced from within the province. Plant output will supply the tyremaker’s $380 million tyre factory now under construction nearby.

When the new tyre factory enters production early in 2008 it will have a capacity of more than 3 million radials per annum, and these tyres will both be sold on the domestic market and exported to North American, European and ASEAN markets.

29th June 2007/by Tyrepress Editors