Rosava doubles European tyre sales in 2015
Ukraine-based tyre maker PJSC Rosava reports that half the tyres produced at its Bila Tserkva facility are now exported to other markets, and says exports to certain key markets have markedly increased during the past year. Exports to the Middle East have risen 400 per cent since January 2015, while tyre shipments to Europe increased 100 per cent during that period. Deliveries to OEM customers have grown 44 per cent since January, the tyre maker added.
Continue ReadingMRF to build new tyre factory
Tyre maker MRF Ltd reportedly plans to build a new manufacturing facility in India’s Gujarat state. According to a state government official quoted in The Times of India, the company is looking at a greenfield site in Bharuch.
Continue ReadingTranslogik signs probe deal with ContiTrade
Translogik has signed an agreement with Continental Reifen Deutschland GmbH to supply the German tyre manufacturer’s ContiTrade unit with the new iOS compatible version of its TL-G1 Tyre Inspection Probe. 85 kits have been ordered to date as the deployment commences, with significant further orders anticipated.
Continue ReadingMembat supports sub-7’C winter tyre message
Mediterranean tyre brand Membat is encouraging drivers to change their tyres before the Christmas holidays. “Ideally, November is a good month to take a look into the car and change to winter tyres. But it is never too late if you haven’t done it already, you can still change your tyres before the upcoming holiday season,” company representatives wrote in a statement on the subject.
Continue ReadingTruck tyre imports halved as Indian manufacturers reduce prices
Imports of truck and bus radials into India fell by almost a half during the June to November period. Quoting figures from the All India Tyre Dealers Federation (ATMA), business daily The Hindu writes that the number of TBR tyres imported into the country declined from 106,700 units in June to just 54,175 units in November; it reports that the decline in imports followed price cuts of eight to ten per cent that were introduced by domestic tyre manufacturers.
Continue ReadingNokian to appeal 87 million euro additional tax bill
Nokian Tyres is to appeal a tax adjustment for the years 2007 – 2010, meaning the firm must pay an extra 87 million euros. 55 million euros of the figure are additional taxes and the remaining 32 million euros punitive taxes. Payment must be made in January 2016.
Continue Reading2015 West European trailer market up, more growth expected
In 2015 the West European trailer market got off to a strong start with registrations of new trailers up 14.8 per cent in the first half and 8.1per cent growth forecast for the second. Overall then, the market will be stronger than anticipated at the beginning of the year, according to Clear International’s analysis.
Continue ReadingContinental invests to take the pong out of tyre production
The team at Tyrepress.com can testify that tyre manufacture is an ‘aromatic’ process, therefore we are pleased to learn that Continental AG has completed €10.5 million worth of investments to reduce the odours resulting from production in its Timisoara plant in Romania.
Continue ReadingNew year, new business structure – SRI making changes in North America
Falken Tire Corporation has announced a realignment of its business units that accommodates changes brought about by the dissolution of the global alliance between parent company Sumitomo Rubber Industries and Goodyear Tire & Rubber. The realignment will take place in stages and begins on 1 January with the subsidiary’s renaming as Sumitomo Rubber North America, Inc.; Richard Smallwood, who is currently CEO and president of Falken Tire Corporation, will hold these positions in the retitled business.
Continue ReadingRenault and Nissan strengthen alliance
The following board meetings at both Renault and Nissan on 10 and 11 December respectively, the two firms have issued the following statement via Carlos Ghosn, chairman and chief executive officer of the Renault-Nissan Alliance: Today was an important day for the future of the Renault-Nissan Alliance. After months of discussions, I am happy to say that an agreement has been reached that builds on our heritage and strong foundations to achieve further sustainable growth and success of the two partners. While there were important short-term issues to address, it was imperative that all involved took a long view.
Continue ReadingKesoram to invest almost £30M in PCR tyre production
The chief financial officer of Kesoram Industries reports that the company will invest Rs 3 billion (£29.3 million) into passenger car radial tyre production. Tridib Kumar Das told Indian financial daily Business Standard that the investment will be made in addition to the Rs 5 billion already spent on the car radial project, and that the company intends to bring its passenger car radials to market in May 2016.
Continue ReadingBridgestone matches Icahn’s Pep Boys offer
After determining the US$15.50 per share merger agreement proposed by Icahn Enterprises superior to Bridgestone’s $15.00 a share deal, The Pep Boys – Manny, Moe & Jack gave the tyre maker until 5:00pm (EST) last Friday to return with new and more attractive merger terms. Bridgestone Retail Operations (BSRO) did just that, and the two parties have now amended the terms of the merger agreement originally signed on 26 October.
Continue Reading‘bauma’ organiser further expands with Russian trade show acquisition
Messe München, organiser of the bauma construction and mining machinery trade fair, has further consolidated its position as the world’s leading organiser of trade exhibitions for this sector with the acquisition of Moscow-based CTT Expo, the world’s fifth largest construction machinery trade show. It says the acquisition is “both the biggest and most important purchase in Messe Münchens history.” The seller is private Russian trade fair company Media Globe LLC.
Continue ReadingEarly 2016 opening for BKT R&D centre
Every year, Indian off-road tyre specialist Balkrishna Industries Ltd. invests three to four per cent of its turnover into research and development, and through this focus the company is able to bring 60 to 80 new types of tyre to market annually. The reported average development time for these tyres is six to eight weeks.
Continue ReadingCanadian agency fines Toyo Tire for bid-rigging conspiracy
Tyre and rubber component manufacturer Toyo Tire & Rubber has been fined CA$1.7 million by Canada’s Competition Bureau for its participation in an international bid‑rigging conspiracy related to the supply of anti‑vibration components to Toyota Motor Corp, and on 9 December pleaded guilty to three counts of bid rigging under the country’s Competition Act.
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