Brisa, the company producing Lassa brand tyres in a joint venture between Bridgestone and the Sabanci Group, has announced it will invest US$117.5 million expanding its tyre manufacturing units in Izmit, Turkey. The investment figure exceeds the $110 million of investment that was reported at the start of April.
Hot on the heels of the news that growing Korean tyre manufacturer Nexen has secured OE supply to Fiat, the firm has revealed details of its plans to expand in the well-known marques domestic Italian market. With a replacement market potential of over 30 million tyres a year in the passenger car segment, Nexen has suggested Italy is one of its key countries for expansion in Europe....
Yokohama Tire Corporation has launched a new Spanish-language website for Mexico. “The website is designed to meet the needs of our growing customer base in Mexico,” said John Cooney, Yokohama's director of export. “It has been customised with many of the features found on our English-language website in the US, including an interactive dealer locator, interactive product ‘hot spots’ and downloadable bulletins in Spanish. These materials highlight the features and benefits of Yokohama's tyres ranging from our high-performance passenger car tires to fuel-efficient commercial truck tyres.”
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Comments made in Pakistan’s Express Tribune indicate the General Tyre and Rubber Company of Pakistan, also known as Gentipak, plans to enter the motorcycle tyre market in mid 2012. The Karachi-based tyre maker, which produces passenger car radials under the General and Euro brand names and cross-ply tyres for light trucks, trucks and agricultural vehicles, recently invested Rs500 million (£3.5 million) expanding its production facility and began manufacturing tyres for natural gas-powered rickshaws; its production of motorcycle tyres is expected to start before the end of Pakistan’s current fiscal year....
Taiwan-based tyre makers including Cheng Shin Rubber Ind. Co. and Kenda Rubber Industrial Co., are expected to see substantial growth in earnings in the first quarter of 2012 due to declines in raw material prices, particularly natural rubber. Furthermore, according to Taiwan Economic News, the European sovereign debt crisis means tyre manufacturers have slashed inventories to get rid of the risk in the prices of stocked goods....
