Rosava reports selling 3.9 million tyres last year, a 45 per cent year-on-year increase on 2015. The Ukrainian tyre maker says the greatest rate of growth was witnessed in the agricultural tyre segment, where sales were up 57.6 per cent compared with 2015. Car tyre sales rose 47.3 per cent year-on-year, while sales of light commercial vehicle and truck tyres increased by 25 per cent and 17 per cent respectively.
Titan International reports that its board recently became a Full Board Member of the National Association of Corporate Directors (NACD), a non-profit membership organisation for corporate board members,
Shortly after its acquisition by Yogesh Mahansaria and private equity company Warburg Pincus in 2007, the Alliance Tire Group (ATG) exited the car and truck tyre market and began building up a strong reputation as an off-road tyre specialist. A decade later and the company is revisiting one of these former businesses; this year, the Yokohama Rubber subsidiary is releasing a new brand of truck tyre. ATG is currently restricting availability of its new Constellation range to the US market, however it hasn’t ruled out introducing it into other regions at a later date.
A year after leading Indian tyre manufacturer MRF Tyres launched its MRF Motorsport business at the Autosport Show in Birmingham this time last year, progress is said to be going well. The latest addition to the European motorsport division’s portfolio is the Honda Civic Cup.
A 50 hectare rubber plantation and processing plant will be established on the Philippines island of Mindanao at a reported investment cost of US$200 million, and Finnish firm Black Donuts Engineering Inc. will serve as a consultant for coordinating the project.
Marangoni Retreading Systems has expanded its business in Spain through a new partnership with regional retreader Recauchutados Fidel. The company, which has been in the business since 1982 and operates a retreading plant and three dealers in Salamanca province, has selected Marangoni products and technology for its customers.
News of MRF Ltd.’s plan to set up a new factory in India’s Gujarat state first circulated towards the end of 2015, and now the tyre maker reports signing a Memorandum of Understanding with the state government that sets out its in-principle intention to erect a manufacturing facility there.
Throughout the course of this year, Toyo Tire & Rubber’s manufacturing operation in North America will expand its research and development capabilities in order to expedite the development of both original equipment and replacement market tyres. The company has not disclosed the level of investment being made in the Toyo Tire North America Manufacturing facility, however it will result in a 50 per cent increase in the size of the research and development team.
WAI has appointed Christine Smith to the role of marketing and communications manager. Based in Florida, as part of WAI’s US division, Smith joins from a sales and technology background, having worked previously in marketing, operations & management roles with API, Gatekeeper Business Solutions, Universal Health Services (UHS), Fine Lions, & Direct Office Interiors.
The two-wheeler segment dominates India’s vehicle market and is said to be growing at a CAGR of 8.5 per cent. With an estimated 150 million two-wheel vehicles on the country’s roads, demand for replacement tyres is high. Bridgestone Corporation is now competing for a piece of this market with a new brand of motorcycle and scooter tyres, Neurun. The rollout of the Neurun product portfolio began in August 2016 with the introduction of five sizes and nine SKUs, a range that caters to around 70 per cent of market demand in India.
Continental intends to divest its shareholding in General Tyre and Rubber Company of Pakistan Ltd. The company owns a 9.78 per cent share in Pakistan’s largest tyre maker through Continental Global Holding Netherlands B.V., and according a notification sent by General Tyre and Rubber to the Pakistan Stock Exchange, Continental Global Holding Netherlands intends to sell its entire shareholding “as soon as practically and economically feasible.”
Mexico still plays a role in Michelin’s future plans. Following Donald Trump’s comments on cross-border import duties and Ford’s decision to scrap plans for a new US$1.6 billion factory in the country, Michelin chief executive officer Jean-Dominique Senard has given his reassurance that the tyre maker hasn’t got cold feet.
Titan International’s final injury hearing before the US International Trade Commission (ITC) took place on 4 January, and today the company will file a post hearing brief. The off-road tyre specialist says it “remains optimistic” that the ITC will issue a final affirmative determination in these cases.
The Arlanxeo synthetic rubber joint venture opened a new facility in China last month. Called the Rubber Technology Centre, the premises within the Changzhou National Hi-Tech District contains five labs and brings together its testing, mixing and production capabilities under one roof. With the new facility, Arlanxeo aims to position itself as an end-to-end technology platform leading the industry.