Tag: Asia
Trends and predictions in the automotive diagnostic tools market
With a global market share of over 34 per cent in 2018, Europe is expected to become the leading region in the automotive diagnostic scan tools market in the next few years. At the same time, the automotive diagnostic scan tools market and is estimated grow to a US$15 billion market size by 2025 - all of which adds up to a very positive diagnosis for those wishing to offer diagnostic servicing to consumers. With this in mind, Tyres Accessories analysed the latest market data in order to find the consensus of opinions relating to the future of the diagnostic tools market.
Continental re-emphasises partnership with ContiTread cold retreaders
Continental reports that it is “further enhancing its support services to strengthen its partnership with ContiTread cold retread shops”. This development is being led by John Cox, Global Head of Technical Services Retread and will centre on the enhancement of support services.
Michelin predicts significant slowdown in car and truck tyre demand
While presenting its nine-month 2018 results, Michelin has predicted a significant slowdown in passenger and truck tyre market conditions in the second half of the year. However, the well-known tyre manufacturer also predicted “sustained growth” in the speciality sector, which consists of OTR, two-wheel, aircraft and agricultural tyres.
Cimcorp doubles building footprint in Finland production and office expansion
In May Cimcorp, the Finland-based manufacturer and integrator of turnkey robotic gantry-based order fulfilment and tire-handling solutions, shared construction plans to expand its production and office facilities at its headquarters in Ulvila, Finland. The new facilities will be built on 8,500 square metres of land, bought by Cimcorp in August 2017, nearly doubling the footprint of its current 9,500-square-metre space. The expansion will enable the company to accommodate its continuing business growth with greater capacity and efficiency, as well as incorporate new space for research and development.
Giti Tire to supply GitiComplete GTR1 to inaugural FIA-Certified F3 Asian Championship
Giti Tire has become the Official Tyre Partner of the F3 Asian Championship, a new five-round, 15-race series Certified by the FIA. At each event the tyre manufacturer will provide all teams with two sets of GitiCompete GTR1 tyres, part of the company’s comprehensive range of competition racing tyres which are used in events around the world.
Point S signs Philippines master franchise in global push
Point S has expanded into the Philippines market. Connecting with the 7,641 islands that make up the Philippines is seen as a strategic move, following the operations expansion into India and Malaysia. According to the company, it will significantly increase Point S’s footprint in the Asian and global tyre landscape.
TecAlliance opens Malaysia office
On 27 February 2018 TecAlliance officially opened a new office in Kuala Lumpur. 40 guests accepted the invitation to the one-day event to visit the premises and meet the employees of TecAlliance Malaysia. Attendees also obtained information about the strategy and solutions offered by TecAlliance in Asia.
Giti Tire gains two MGTS Asia supplier awards
At its inaugural Asia Supplier Award ceremony on 21 November, car accessory sourcing, development and supply specialist MGTS honoured Giti Tire Corporation as ‘Best Spare Parts & Tires Supplier’ and also named it recipient of its ‘Best Corporate Social Responsibility’ accolade. By taking home two of the nine awards given out at the ceremony, Giti Tire notes that it finished “above many other leading global tyre and automotive supply manufacturers.”
Tyrepac founder to head Point S Asia growth
Point S has opened an Asia office Singapore and appointed Ler Hwee Tiong as chief representative. The new Point S representative office is located within the French Chamber of Commerce in the city centre of Singapore and will coordinate activities within the Asian region. Point S push into Asia is expected to be “patient, and adapted to the local working environment of each market”.
Tyrexpo Asia partners CRIA as supporting association
Tyrexpo Asia’s organisers have welcomed China Rubber Industry Association (CRIA) as its official supporting association. Established in 1985, CRIA has over 1,200 existing members in the Chinese tyre and rubber sector. CRIA describes itself as “an industrial organization that is trans-regional, trans-department and trans-ownership.
Dunlop Aircraft Tyres confirms sale talks
Birmingham-based Dunlop Aircraft Tyres Ltd (DATL) has confirmed that the company is looking for new investors. And this means that “initial discussions” with “a number of interested parties” are already underway. According to the company’s executive chairman Ian Edmondson, the goal is to find a suitable partner to help the company continue to move forward at its current rate of positive growth: “Our shareholders are now seeking to find a new investor who is in a position to help the business maintain the outstanding growth record that it has delivered in recent years.”
Continental strengthening ADAS business in Asia
According to Continental, Asia remains the number one growth market for the automotive industry – and the numbers are impressive: Over 50 per cent of all vehicles produced worldwide come from Asian car manufacturers and approximately 30 per cent of all vehicles manufactured worldwide come from Japanese automakers. Ahead of the 2020 Olympic Games in Tokyo, Japanese vehicle manufacturers are also amongst the automotive companies that are pushing the development of innovations in advanced driver assistance systems (ADAS) and automated driving.
ZC Rubber opens first Westlake store in Brunei
ZC Rubber has opened its first Westlake store in Brunei. It is also the first one in Southeast Asia and comes as part of an expansion strategy targeting Southeast Asia.
Indonesia set to become main ASEAN automotive production hub, says report
There is strong evidence Indonesia will eventually replace Thailand as the main automotive production hub in the Association of Southeast Asian Nations (ASEAN), according to Markus Scherer, global automotive sector leader at Ipsos Business Consulting. This could have major implications for automotive manufacturers and suppliers as well as policy planners in both countries, Scherer said.
First tyre runs off new ZC Rubber TBR production line in Thai factory
The first truck and bus radial tyre ran off ZC Rubber’s (also known as Hangzhou Zhongce) newly installed product line at its Thai factory – ZC Thailand – just before Christmas.