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Obituary: Alexander Bahlmann

Obituary: Alexander Bahlmann

Tuesday 22nd August 2017 | 0 Comments

Continental has reported the untimely death of Alexander Bahlmann, who headed communications and public relations for passenger car and light truck tyres within the company’s Tire division. Bahlmann died suddenly last Friday, aged just 46.

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Stamford Tyres establishes subsidiary in China

Tuesday 22nd August 2017 | 0 Comments

Stamford Tyres (Hong Kong) Ltd., a subsidiary of Singapore-based Stamford Tyres Corporation Limited, has set up a wholly-owned subsidiary in China. The new company, Stamford Tyres Dongguan Co Ltd., was set up with a registered capital of US$1 million and will principally engage in the wholesale and distribution of tyres, wheels and automotive accessories.

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Hankook presenting tyre developments at IAA

Hankook presenting tyre developments at IAA

Tuesday 22nd August 2017 | 0 Comments

In addition to presenting a new summer product and design ideas for future mobility concepts, Hankook Tire says its focus at the IAA motor show next month will be on “innovations in premium original fitment tyres and the current winter tyre line-up.”

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Hella: EBIT up 21% in FY2016-17

Hella: EBIT up 21% in FY2016-17

Tuesday 22nd August 2017 | 0 Comments

Original equipment supplier and established aftermarket player Hella has reported what it calls an “extremely successful” financial year. During the 12 months to 31 May 2017, the company lifted both its earnings and profitability.

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Raw materials, tyre imports hammer JK Tyre in April-June quarter

Raw materials, tyre imports hammer JK Tyre in April-June quarter

Tuesday 22nd August 2017 | 0 Comments

“We are indeed passing through challenging times.” These were the words from Dr Raghupati Singhania after JK Tyre & Industries Ltd. released its final results for the first quarter of its 2017-18 financial year. Nevertheless, the chairman and managing director is confident that the company’s performance will improve moving forwards.

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BKT: Bhuj carbon black plant to ‘better ensure raw material qualities’

BKT: Bhuj carbon black plant to ‘better ensure raw material qualities’

Tuesday 22nd August 2017 | 0 Comments

Eight hectares have been set aside at the Balkrishna Industries Limited (BKT) production site in Bhuj, India for the construction of a new carbon black plant. Last month the tyre maker’s Board of Directors approved an initial investment of Rs 1.5 billion (£18.1 million) for this project to add backward integration to BKT’s supply chain, and the company says the plant will not only provide a constant supply of raw materials for its tyre production, the carbon black produced in Bhuj will enable it to “better ensure raw material qualities thanks to the now even more accurate controls at the beginning of the entire manufacturing process.”

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CITExpo 2017 opens in Shanghai

CITExpo 2017 opens in Shanghai

Monday 21st August 2017 | 0 Comments

The 15th edition of the China International Tire Expo has opened at the Shanghai World Expo Exhibition & Convention Center. Exhibitors at the show comprise a mix of growing tyre manufacturers from the Chinese market, international trading companies, wheel suppliers and others, while. In addition to Chinese industry players, Europe is represented by UK distributor Oak Tyres’ Davanti tyre brand, FM Tyres from the Netherlands, and Italian distributor Franco Gomme, while Singapore’s Stamford Tyres and Taiwan’s Nankang add to the international exhibitor base. The internationalism of the show is also reflected in the visitors arriving today from five continents.

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Seven countries, 19 clubs: Falken extends European football sponsorship

Seven countries, 19 clubs: Falken extends European football sponsorship

Monday 21st August 2017 | 0 Comments

In addition to becoming a Liverpool FC partner, this season the Falken tyre brand is boosting its football sponsorship activities across Europe. As well as supporting further clubs in the German Bundesliga and first-division teams in Spain, France, Poland and Italy, it is also moving into sponsorship in the Netherlands for the first time.

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Doublestar wants Kumho Tire stake for KRW 800 billion

Doublestar wants Kumho Tire stake for KRW 800 billion

Monday 21st August 2017 | 0 Comments

On Friday, we reported that Chinese tyre maker Qingdao Doublestar Tire was angling for a ten per cent discount on the 42.01 per cent stake in Kumho Tire it wishes to acquire. Not so, wrote The Korea Times over the weekend – according to its sources, Doublestar wants creditors to cut the price to KRW 800 billion (£544.6 million), a discount of 16.2 per cent on the original bid price.

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Pirelli investing in compound unit at German UHP tyre factory

Pirelli investing in compound unit at German UHP tyre factory

Monday 21st August 2017 | 0 Comments

The Pirelli plant in Breuberg, Germany is considered one of the company’s leading sites for the production of ultra-high performance tyres, and to cement the factory’s position a new investment is being made in equipment and facilities. Through this investment of an undisclosed sum, the tyre maker is setting up a new rubber compound processing facility in Breuberg.

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Doublestar surprises with demand for Kumho Tire discount

Doublestar surprises with demand for Kumho Tire discount

Friday 18th August 2017 | 0 Comments

Just when it seemed the sale of a controlling stake in Kumho Tire to Qingdao Doublestar Tire was in the bag, the Chinese tyre maker has surprised everyone with its demand that Kumho Tire’s creditors reduce their KRW 955 billion (£650.3 million) bid price by ten per cent. Will this cause the deal to fall apart?

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Irish Road Hauliers, Midland Tyre Services jointly oppose truck tyre disposal plans

Thursday 17th August 2017 | 0 Comments

The Irish Road Hauliers Association (IRHA) and Midland Tyres Services Ltd (MTS) have jointly announced their opposition to the proposed inclusion of truck tyres into the pending Environmental Disposal Levy (EDL) scheme. IRHA and MTS said their opposition has the “strong and universal support” of their members and customers.

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Hankook Tire assigned first-time rating from Moody’s and S&P

Hankook Tire assigned first-time rating from Moody’s and S&P

Thursday 17th August 2017 | 0 Comments

Hankook Tire has been assigned Baa2 and BBB ratings from the international credit rating agencies, Moody’s and Standard & Poor’s (S&P). This is the first time that the tyre maker has been rated by Moody’s and by S&P, and it comments that this multi-national company level rating “reflects Hankook Tire’s strong position as a global premium tyre brand.”

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Apollo Tyres aiming for 20/80 OEM-replacement mix in Europe

Apollo Tyres aiming for 20/80 OEM-replacement mix in Europe

Thursday 17th August 2017 | 0 Comments

Following the start of production at its Gyöngyöshalász plant in Hungary last quarter, Apollo Tyres is on its way to almost doubling European passenger car tyre production capacity over the coming year and a half. Speaking with analysts and investors last week after the release of Apollo’s FY2018 financial results, chief financial officer Gaurav Kumar confirmed that the facility in Hungary is expected to reach a daily capacity of 16,000 car tyres by the second half of FY2019 – in other words, sometime between September next year and the end of March 2019. This will give Apollo Tyres a total daily capacity of up to 35,000 passenger car tyres at its two European plants – and more than a third of output in Gyöngyöshalász may be earmarked for OEM customers.

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Microsite explores Yokohama Rubber’s centenary

Microsite explores Yokohama Rubber’s centenary

Wednesday 16th August 2017 | 0 Comments

There’ll be 100 candles on Yokohama Rubber Company’s cake come 13 October, and as part of its contribution to its parent’s birthday celebrations, Yokohama’s regional head office in Europe has launched a microsite that offers a historical overview of the Japanese firm.

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