Wilko Fong, the managing director of Reliable International Exhibition Services, is buoyant about the upcoming CITExpo 2010. Suggesting that the recent economic turmoil has come to an end, Fong believes the worldwide economies are on the up and one of the areas in which this has been most prevalent has been the tyre industry, especially in China, which has become the top ranked tyre exporting country. According to export figures released by Chinese customs, Fong continues, in the first quarter of 2010 the quantity and value of exported tyres to Latin America, Europe and Asean has risen from 20 to 40 per cent from the major ports, such as Shanghai, Guangzhou and Tianjin. “We can also observe the recovering market from the enthusiasm of the exhibitors and pre-registered visitors of CITExpo 2010,” he continued.
Kenda Rubber has begun construction of a passenger car tyre factory alongside its existing Yun-Lin plant in Taiwan. The new factory, reports the China Economic News Service, will enter production in the second quarter of 2011 and reach a daily capacity of approximately 5,000 tyres by the end of 2011. The company also produces passenger car tyres in China and Vietnam.
Wilko Fong, the managing director of Reliable International Exhibition Services has announced that the ninth edition of CITExpo will be held at the Shanghai Everbright Convention and Exhibition Center on 7, 8 and 9 September, 2011. According to the organiser, 2011’s show has – even before the start of this year’s show – already received more than 11 exhibitors’ bookings.
The all-new 2011 Ford Fiesta is due for its US launch this summer, and Kumho reports that its Solus KH25 will be fitted as original equipment in size P185/60R15. This H-speed rated tyre, the Korean manufacturer states, is engineered to provide high performance grip and handling in all weather conditions while delivering long mileage.
This year Continental Matador Rubber celebrates the 15th anniversary of the ZAO Matador-Omskshina joint venture project, which is based in Omsk in the Russian Federation. The founders, Slovakia’s Matador and Russia’s Omskshina, each contributed a 50 per cent capital share in order to establish a passenger car and light commercial vehicle tyre production facility. The joint-venture was officially registered in the Russian Federation on 17 May 1995.
A flaw that could potentially lead to tyre deflation has prompted Bridgestone Americas Tire Operations to recall 4,097 bus tyres. The recall applies to Bridgestone R192 275/70R22.5 Load Range J (18 ply) tyres used primarily on intra-city transit buses in the US and Canada.
Toyo Tire Holdings of Americas Inc. has announced the death of its chairman, Carlos (Shozo) Kibata on June 26, 2010, following a brief illness. Kibata, aged 64, had been with the Toyo Tires organisation for more than 41 years and in addition to being chairman was until recently an executive corporate officer of Toyo Tire & Rubber Co., LTD. in Japan.
Titan Tire is reportedly bidding to acquire additional assets from the defunct Denman Tire, reports Tire Review. Reports say that Titan bid nearly $1.5 million to acquire some equipment and stock from the bankrupt and dissolved company. No land or buildings are part of the deal.
Tire Review reports American Tire Distributors has expanded its reach into Ohio with the opening of a new distribution centre near Cincinnati. The 85,158sqf unit is located in suburban Fairfield, Ohio. The company also announced plans to open its 86th distribution center near Indianapolis sometime this summer.
Speke, UK-based wholesaler Kirkby Tyres has announced the latest additions to its earthmover tyre range, including new, larger and more specialist sizes under the Alliance, Double Coin and BKT brands. Alliance has released a new wide-based radial in the 650 design used on Loaders/Dozers and Graders. It is available in sizes ranging from 20.5R25 to 26.5R25, inclusive. Ilan Goldstone commented: “This tyre has been designed with a compound that has exceptional wear and an all-steel casing for superior durability and puncture resistance – it’s a very popular tyre. As well as the tyres we also have off-the-shelf EM wheels, as well as being able to provide bespoke specifications when necessary.”
UK coalition government business secretary Vince Cable has ruled out further publically financed direct support for the UK car industry. Additionally he cast doubt on plans made by the previous Labour government that would have subsidised early purchases of low-emission vehicles in 2011. Cable told London’s Financial Times on 29 June, “We don’t want to go around the country waving a cheque book.”
Singaporean tyre and wheel distributor Stamford Tyres has announced a net profit of S$9.4 million (£4.5 million) for the end of financial year 2010, which ended on 30 April, over eight times the net profit of S$1.0 million in FY2009. The company’s president and CEO, Wee Kok Wah said: “Over the past year, we have worked hard to lay the foundations for the Group’s future growth… In accordance with the much improved set of results the Board of Directors has recommended a final dividend of 1.0 Singapore cents to reward our loyal shareholders.” The company reduced its operating expenses by 16.3 per cent, from S$64.5 million in FY2009 to S$54.0 million in FY2010, while Stamford experienced the slightest of declines in gross profit – down 1.5 per cent to S$66.5 million – and its gross profit margin, which was at 21.4 per cent as opposed to 22.7 per cent the previous year. Higher tyre purchase prices worldwide and lower sales from the Group’s Thai wheel plant were the main causes.
It’s only about a year since Tyres & Accessories visited Starco Europe’s head office in Denmark, so it came as a surprise to discover how much activity has occurred within the company in the months between our last interview and the Reifen 2010 show in Essen. Starco Europe group marketing manager Brian Lorentzen explained that recent developments are opening up a whole new market segment for Starco, and while it is not turning its back on the traditional business of smaller tyres for manually driven vehicles, the company now offers aftermarket customers much, much more.
Cam Systems says that its Workshop Scheduler integrated diary system has led to the recent 15 per cent rise in bookings at Suffolk’s Treadfirst Tyre & Exhaust Centre. Since using Workshop Scheduler to plan its MOTs and servicing, Mick Shaw, managing director of Treadfirst, says: “we have increased the number of jobs and bookings through more effective planning rather than just filling up a page in the paper diary then stopping.”
MotoGP’s Dutch TT Grand Prix this weekend – the 80th meeting held at the circuit – yielded a significant success for Bridgestone, the series’ sole tyre supplier. Throughout the weekend, the tyre manufacturer states, riders were lapping competitively on each specification, and the race provided a direct comparison between the extra edge grip of the softer rear slick option and the additional traction of the harder option. The balance between the medium and the hard asymmetric rear tyre options was illustrated by the podium: Jorge Lorenzo took his fourth win of the season using the hard option, with Dani Pedrosa and Casey Stoner coming second and third respectively using the softer rear tyre. While the circuit was modified in the Ruskenhoek corner, shortening it by 13 metres, the new lap record set by Dani Pedrosa was two seconds faster. The track temperature was high, reaching 47 degrees Celsius, and the weather was fine throughout the weekend maximising the riders’ dry running time.