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Automechanika Birmingham 2018 provides broad platform for parts, aftermarket, garage sectors

Automechanika Birmingham 2018 provides broad platform for parts, aftermarket, garage sectors

Thursday 12th July 2018 | 0 Comments

The UK’s leading exhibition for the automotive aftermarket and vehicle production industry, Automechanika Birmingham, welcomed 10,200 industry personnel to its 2018 event. Featuring 500 exhibitors from 26 countries in 9,400sqm of floor space, the organiser stated that more than 120 companies exhibited for the first time, including: AA Garage Guide, Snap-On, Ceramex, GSF Car Parts and Wurth Electronics. Tyres & Accessories joined the National Tyre Distributors Association in representing the UK tyre industry at what was a lively event for the automotive sector, with an emphasis on visitor interaction – a fact underlined by the three in-hall dedicated presentation spaces, in which speakers addressed major issues currently affecting the sector.

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T.T.I. futureproofing with continued growth, new products

T.T.I. futureproofing with continued growth, new products

Thursday 12th July 2018 | 0 Comments

As far as years go, 2017 was a special one for Tyre Trading International (T.T.I.). Early on in the piece it delivered growth through the acquisition of Van Aalderen Twen-Tyre, it then witnessed expansion with Reifen Kraftwerk and was rounded off by organisational restructuring following the sale of the company’s Motoria business. T.T.I.’s owner Peter-Alexander van ’t Hof sees last year’s changes as a “big step” for the wholesaler, and 2018 is also looking to be a red-letter year.

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Michelin negotiating to acquire Camso

Michelin negotiating to acquire Camso

Thursday 12th July 2018 | 0 Comments

Michelin announced today that it is in exclusive discussion with the main shareholders of the Camso Group for the acquisition of all outstanding shares in the Canada-based off-highway tyre specialist. It intends to issue a detailed communication on the matter “in due time” according to the outcome of the current discussions.  

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Linglong Tire, Kasikornbank enter collaborative agreement

Linglong Tire, Kasikornbank enter collaborative agreement

Thursday 12th July 2018 | 0 Comments

Starting with its very first loan, Linglong International Tire (Thailand) Co. Ltd. (LLIT) has cooperated closely with Thai banking group Kasikornbank over a number of years. The Linglong Tire subsidiary has now entered into an agreement with Kasikornbank that paves the way for the tyre maker’s continued expansion in Thailand.

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Michelin appoints its first Exelagri dealer in Dundee

Thursday 12th July 2018 | 0 Comments

ATS Euromaster in Dundee has secured Michelin’s agricultural seal of approval and gained accreditation as an Exelagri dealer, and by doing so joins a pan-European network of 800 carefully selected farm tyre specialists.

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Arlanxeo invests millions in synthetic rubber production

Arlanxeo invests millions in synthetic rubber production

Wednesday 11th July 2018 | 0 Comments

Over the next three years, Arlanxeo will invest “mid double-digit million” euros to modernize its production sites in Triunfo, Brazil and La Wantzenau, France.

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ZC Rubber celebrating 60th anniversary

ZC Rubber celebrating 60th anniversary

Wednesday 11th July 2018 | 0 Comments

Next Tuesday, Zhongce Rubber Group Co., Ltd. (ZC Rubber) will celebrate its 60th anniversary - and has invited more than 1,000 of its partners around the world to its home city of Hangzhou, China to join in the festivities.

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Doublestar acquisition of Kumho Tire completed

Doublestar acquisition of Kumho Tire completed

Wednesday 11th July 2018 | 0 Comments

A ceremony was held on 6 July to mark to completion of Doublestar Tire’s acquisition of a 45 per cent share in Kumho Tire. The event in Seoul was titled ‘Celebrating New Beginning’ and was attended by the Chinese and South Korean tyre makers’ management teams as well as representatives from Korea Development Bank, which together with other creditors still maintains a 23 per cent share in Kumho Tire.

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Toyo Tires unveils noise reduction technology

Toyo Tires unveils noise reduction technology

Tuesday 10th July 2018 | 0 Comments

In recent years we’ve seen a number of tyre makers introduce noise reduction technologies that utilise foam insulation, with Continental, Hankook, Bridgestone, Sumitomo Rubber, Goodyear amongst those bringing their own version of the concept to market. Toyo Tire & Rubber Co. Ltd. has taken a different approach and sought instead to cut noise by modifying airflow within the tyre cavity. It calls its solution Toyo Silent Technology.

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Trelleborg inaugurates material handling & construction tyre European logistics hub

Trelleborg inaugurates material handling & construction tyre European logistics hub

Tuesday 10th July 2018 | 0 Comments

On 29 June 2018, Trelleborg inaugurated its new European logistics hub for material handling and construction tires and its new Benelux commercial office in Evergem, Belgium. The new premises consist of a 10,000 square metre warehouse along with offices to house the Benelux commercial office for Trelleborg Wheels Systems. Holding more than 70,000 tyres in stock, Trelleborg Wheel Systems can serve its European warehouses and key customers in the region from this facility on a JIT basis.

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VÚK acquisition to benefit Continental’s tyre assembly machinery business

VÚK acquisition to benefit Continental’s tyre assembly machinery business

Tuesday 10th July 2018 | 0 Comments

Tyre maker and technology company Continental has acquired a 100 per cent shareholding in Czech machine tool manufacturer VÚK. The purchase of VÚK strengthens its presence in the city of Otrokovice, Czech Republic, site of the company’s largest tyre manufacturing facility worldwide. Continental says it intends to leverage VÚK’s strengths to drive forward its development and production of technologically advanced tyre assembly machinery.

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Ceat signs India factory MoU

Monday 9th July 2018 | 0 Comments

In a letter to BSE, Ceat Ltd. has confirmed entering into a Memorandum of Understanding (MoU) with the government of India’s Tamil Nadu state. The tyre maker told the stock exchange that the MoU for setting up a new greenfield facility covers an estimated investment of Rs 40 billion (£437 million) over a period of ten years. It adds that passenger car radials, commercial vehicle radials and two-wheeler tyres will be produced in the plant.

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Rosava ‘restructuring’ as plant readies for larger tyre sizes

Rosava ‘restructuring’ as plant readies for larger tyre sizes

Monday 9th July 2018 | 0 Comments

Despite a company restructuring that includes the closing down of the private joint-stock company (PJSC) Rosava, the Rosava factory in Bila Tserkva, Ukraine is currently gearing up to begin production of 19-inch tyres following the installation of new plant equipment.

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Hella sells wholesale companies in Denmark and Poland

Friday 6th July 2018 | 0 Comments

Automotive lighting and electronics supplier Hella GmbH & Co. KGaA is selling its Danish and Polish wholesale companies to the Swedish wholesaler and car service retail chain operator, Mekonomen AB. A corresponding agreement for the sale of FTZ Autodele & Verktoj A/S (FTZ) and Inter-Team sp. z o.o. (Inter-Team) has been signed by both companies.

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Chinese tyre makers off-shoring in Southeast Asia

Chinese tyre makers off-shoring in Southeast Asia

Thursday 5th July 2018 | 0 Comments

At the end of May, anti-Chinese truck tyre tariffs were implemented. They included nominal (as opposed to percentage) tariffs at levels that surprised many. As a result, supply shortages and challenges at distributors were predicted. Shuttering of some of the lowest cost Chinese tyremakers is also expected. However, speaking to affected firms during the recent Tire Cologne reveals that many are already prepared to source tyres elsewhere. Indeed, the largest manufacturers have been off-shoring for some time. As a result, virtually all the leading Chinese tyre manufacturers already have non-Chinese tyre production in place. Let’s take a look at who’s got what.

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