CITExpo 2015 to bid farewell to Everbright with largest edition projected
Already possessing a convincing claim to being China’s biggest tyre show, the 13th CITExpo on 7-9 September 2015 will be the last at the Shanghai Everbright Convention & Exhibition Centre. Having expanded to include an extra hall in 2014, exhibition organiser, Reliable International Exhibition Services will, in 2016, transfer the show to the modern surroundings of the Shanghai World Expo Exhibition and Convention Center (SWEECC), built in the centre of the 2010 Shanghai World Expo site. The move highlights the strong growth of CITExpo, whose move to a modern, world-class facility caps many years of apparent exhibitor and visitor growth.
Continue ReadingMichelin-licensed SSBR, PBR plant to be built in Indonesia
PT. Synthetic Rubber Indonesia, a joint venture company owned by Groupe Michelin and PT Chandra Asri Petrochemical Tbk, has awarded Toyo Engineering Corporation and PT. Inti Karya Persada Tehnik contracts to set up a 120,000 ton per annum synthetic rubber facility in Cilegon on the western tip of Java, Indonesia. The plant is expected to be ready in 2018 and will produce Michelin-licensed Solution Styrene Butadiene Rubber (SSBR) and Polybutadiene Rubber with Neodymium Catalyst (PBR) for use in tyre production.
Continue ReadingGame theory: talk of a Grexit teaches us to expect the unexpected
The Greek people just voted “no” in their recent referendum on whether to accept bail-out terms that would have meant tougher austerity measures for the domestic economy. At the time of going to press, the consensus is that this move will be interpreted as a no to the euro and it has prompted much speculation that Greece will be forced to leave the eurozone, return to the drachma, create a new currency and/or some combination of the above. Of course, any economic change of this scale is bound to have an impact on the way business is done across European boundaries. But as well as the direct practical implications, a number of key features of the saga provoke wider comparisons.
Continue ReadingJK Tyre denies Birla acquisition report
Indian manufacturer JK Tyre denies it is negotiating the acquisition of Birla Tyres with current owner Kesoram Industries. Responding to an article published by Indian financial daily The Economic Times earlier today, the tyre maker told BSE Ltd (the Bombay Stock Exchange) that “there is no transaction between JK Tyre & Industries Ltd. and Kesoram Industries Ltd.”
Continue ReadingRubber Asia to honour ‘outstanding contributors’ at Kochi conference, summit
Rubber Asia has announced it will honour “those who have made outstanding contributions to the rubber industry” at the Asian Latex Conference (ALC) 2015 and India Rubber Summit & Dinner (IRSD) 2015. The two events are organised on consecutive days on 10, 11 (ALC), and 12 (IRSD) September in Kochi, India.
Continue ReadingZC Rubber plans additional truck tyre line at Thai plant
On 29 June ZC Rubber Group hosted the grand opening ceremony of ZC Rubber Thailand, the leading Chinese manufacturers’ first overseas manufacturing subsidiary, located in Rayong, Thailand. At the same time the company’s top executives took the opportunity to announce the foundation of new TBR production line in order to meet ”the quickly increasing demand on medium and heavy truck tyres from Southeast Asia and South Asia. ZC Rubber will keep on the globalization strategy for a better future.”
Continue ReadingSolvay launches highly dispersible silica production in Poland
Solvay has begun production of Highly Dispersible Silica (HDS) at its new plant in Wloclawek, Poland. HDS production has been increases in order to address “strong and growing regional demand for energy saving tyres”, according to the company.
Continue ReadingEU gives ChemChina green light for Pirelli purchase
ChemChina (China National Chemical Corp) has gained European Union antitrust approval for Pirelli takeover. According to a Reuters report, the completed transaction would give the combined company a 10 per cent market share. As a result, ChemChina unit China National Tire & Rubber is now expected to go ahead with plans to set up a joint venture to acquire a 26.2 per cent stake from Italian holding firm Camfin and then make a mandatory takeover bid for the rest of Pirelli.
Continue ReadingEnd of the line for Respa
There’s been no happy ending in the insolvency proceedings related to German retreader Respa. Our sister publication Neue Reifenzeitung reports insolvency administrator Elisabeth Roggenhofer as confirming the permanent closure of the Respa retreading operation in Passau. The 19 employees at the Respa GmbH retreading facility have received their notice of termination.
Continue ReadingGajah Tunggal looks to the USA for growth
Although sales at PT Gajah Tunggal Tbk dipped 3.9 per cent (to Rp 3,075 billion, or £146.4 million) in the first quarter of 2015, this decline was attributed to challenges in the domestic market. The Indonesian tyre maker speaks of strong export market performance, and company president director Christopher Chan Siew Choong confirmed this focus at Gajah Tunggal’s annual and extraordinary meeting of shareholders on 29 June. In particular, he indicated that the USA shows particular potential.
Continue ReadingNAMA debuts its car and truck tyre ranges at Autopromotec
Qingdao Nama Industrial Co., Ltd., a Chinese tyre supplier whose brand portfolio (led by NAMA), has established distribution networks in the Middle East and Africa, gave its car and truck tyre ranges a European debut at May’s Autopromotec.
Continue Reading9th Rubber & Tire Markets Summit focuses on Asian market trends
Indonesia’s national annual tyre production currently exceeds 75 million units, with the Jakarta post suggesting there is room for more. With this in mind, the 9th Rubber & Tire Markets will take place in Jakarta, Indonesia between 19 and 20 August 2015, with a line-up pitched at those tyre manufacturers seeking growth in Asian markets.
Continue ReadingElectricity from tyres could keep electric vehicles running 10% longer
What’s a nanogenerator? It is, we are told, a device or technology that converts mechanical or thermal energy into electricity. The technology has already found its way into automotive and tyre applications, and now the University of Wisconsin-Madison reports that a group of its engineers have, together with a “collaborator from China”, developed a nanogenerator that could increase an electric vehicle’s mileage by around ten per cent.
Continue ReadingMichelin launches the first cloud-based tyre content syndication platform
On 15 June Michelin launched what it says is the tyre industry’s first cloud-based content syndication platform. According to the company, the digital platform will allow partner dealers to access any kind of official digital content provided by the manufacturers in real time in order to automatically update their own sites.
Continue ReadingLatin Tyre Expo 95% booked
On 23 June, the organisers of the Latin American & Caribbean Tyre Expo (which runs 16-18 July 2015 in Panama, Rep. of Panama) is 95 per cent reserved with over 210 companies committing to attend.
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