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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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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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Kama NF 202 a Tatarstan ‘best product’

Monday 21st August 2017 | 0 Comments

The Kama 385/65R 22.5 NF 202, a solid-steel cord truck tyre manufactured by the Nizhnekamsk SSC Tire Factory, is a winner in the ‘Industrial and Technology Products’ of the ‘Best goods and services of the Republic of Tatarstan’ competition. Parent company Tatneft writes that the tyre was chosen from 449 applications submitted by 207 manufacturers.

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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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CAM: OTC upgrades UK truck tyre data

Friday 18th August 2017 | 0 Comments

CAM’s Online Tyre Catalogue (OTC) is playing a key role in linking ‘sharer dealers’ to the platform the Tyre Intelligence Europe (TIE) initiative. According to the company, the pivotal role the system is playing when it comes to accessing details down to the article level for brands, sizes and location of sale is becoming increasingly apparent.

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Retreaders install new Vipal-developed buffer

Retreaders install new Vipal-developed buffer

Wednesday 16th August 2017 | 0 Comments

Brazilian retreaders União and Toro have installed a Vipal Rubber-developed casing buffing system. The VR01 Smart DUO, a dual position buffer, was installed at União Tire Retreading in São Paulo retreader in April. Soon after, another partner of the Vipal Authorized Network Deatler had installed a single position variant at its Toro Recauchutagem operation in Rio de Janeiro.

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Omsk carbon black production to start in 2018

Tuesday 15th August 2017 | 0 Comments

Omsk Carbon, the Russian carbon black manufacturer, has announced that its new carbon black site will begin production in the second quarter of 2018 – a roughly 18-month delay compared to the original plan.

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Australian truck race series running on Giti tyres

Australian truck race series running on Giti tyres

Tuesday 15th August 2017 | 0 Comments

In its first truck and bus tyre racing series partnership anywhere in the world, Giti Tire has become the main sponsor of the 2017 Super Truck Nationals race series in Australia. The tyre maker’s truck and bus race debut coincides with the launch of the Giti brand truck and bus range in the Oceania region.

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Signing of Kumho Tire contract expected this month

Tuesday 15th August 2017 | 0 Comments

According to industry sources, Kumho Tires’ creditors will return the agreement on use of the Kumho brand name to Kumho Industrial this week ahead of a planned signing of a contract before the end of the month.

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TRA: Irish tyre compliance scheme will ‘distort’ tyre recovery

Monday 14th August 2017 | 0 Comments

According to the Tyre Recovery Association (TRA), the Republic of Ireland’s proposed tyre compliance scheme, which is due to come into effect on 1 October, will “seriously distort end of life tyre recovery and recycling efforts on the island of Ireland with knock-on-effects in the UK as a whole”.

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Toyo sells chemical business to Nitta

Monday 14th August 2017 | 0 Comments

Japanese rubber products manufacturer Nitta has is to acquire the chemical and chemical and industrial products businesses of Toyo Tire and Rubber for 3.7 billion yen. The purchase does not include the now infamous seismic isolation rubber business. Back in March Toyo Tire and Rubber said it was planning to sell its non-automotive operations and use the funds to strengthen its tyre business. Toyo Tire is expected to use the money from the sale to expand its tyre plant in Malaysia and invest in a US design centre set to open in 2018.

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Wonderful Indonesia – Achilles signs co-branding MoU

Wonderful Indonesia – Achilles signs co-branding MoU

Monday 14th August 2017 | 0 Comments

The Achilles Radial tyre brand is one of 28 brands in Indonesia that recently agreed to promote the ‘Wonderful Indonesia’ tourism initiative. On 8 August, tyre maker PT Multistrada Arah Sarana Tbk and the companies behind the other brands signed a Memorandum of Understanding with the Republic of Indonesia’s Ministry of Tourism.

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