Bobruisk, Belarus-based tyre manufacturer Belshina has announced that it has launched mass production of 18-inch SUV tyres. The company’s spokeswoman Viktoriya Kulik told local news source BelTA that it is making summer tyres for Geely cars produced at BelGee Factory.
British commercial vehicle (CV) production output fell in May as an increase in production for export failed to counteract a drop in domestic demand, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT). 6,875 vans, trucks, buses and coaches were built in the UK last month, a -11.3 per cent year on year decline.
The Trelleborg Wheel Systems manufacturing facility in Sri Lanka was recognised for its export achievements when it was honoured with a Presidential Export Award in a ceremony presided over by Sri Lanka’s President Maithripala Sirisena in Colombo.
As a mark of its continuing strength in the export market, First Line Ltd has again featured in the latest Sunday Times HSBC International Track 200 ranking, making it three appearances in the last four years and the company by far the most consistent aftermarket supplier in the study.
According to Pieter Tanuri, president director of Indonesian tyre maker PT Multistrada Arah Sarana Tbk, the company is aiming for a “ten to 15 per cent increase in revenue” during 2016. Multistrada intends to support this rise through higher exports and will accommodate this hoped-for increase in unit sales by boosting production capacity for both car and motorcycle tyres. “Exports are the highest sales contributors,” noted Tanuri, adding that sales in export markets account for 70 per cent of total company sales.
John Leech, Head of Automotive at KPMG in the UK, has highlighted concerns relating to what would happen to the UK automotive market in the event of Brexit. With SMMT data suggesting that more than nine out of ten automotive market members are in favour of remaining, his views add detail to that consensus perspective. He said:
Indian tyre maker Ceat Ltd reports it has given its wholly-owned Ceat Specialty Tyres Ltd (CTSL) subsidiary land in Ambarnath, near the city of Mumbai, for the purpose of erecting a new greenfield radial OTR tyre factory on the site, and has further aided the project through an Rs 250 million (£2.6 million) equity investment in CTSL in the October to December 2015 quarter. Altogether, CTSL will invest Rs 3.3 billion (£33.8 million) to build a plant with an initial daily capacity of 40 tonnes.
In 2015 the British car manufacturing industry made more cars than any year since 2005 when 1,595,697 vehicles were produced, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Data released on 21 January shows that production increased 3.9 per cent on 2014, with output at 1,587,677 overtaking pre-recession levels for the first time.
Indian industry association the Automotive Tyre Manufacturers’ Association (ATMA) reports that exports of tyres from India decreased in the first half of the country’s current financial year, the period between April and September 2015. Exports of passenger car tyres produced in India fell 22 per cent year-on-year to 1.08 million units, while medium and heavy commercial vehicle tyre exports declined nine per cent to 968,000 pieces.
Sumitomo Rubber Industries is set to raise car tyre production capacity in Thailand by 9 per cent in response to strong exports to the US and anticipated sales growth in Southeast Asia, according to a Nikkei report.
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.
The Society of Motor Manufacturers and Traders (SMMT) is to lead a delegation of specialist UK automotive companies in a trade visit to Seoul, as the industry seeks to strengthen business links and partnerships with Korean companies.
The trade mission comes on the back of a record UK-Korea trading year. Korea is now the third biggest Asian export hub for the UK automotive industry – and the eighth largest export market. British car exports to Korea have grown by a record 476 per cent, with 13,337 vehicles shipped to the country last year compared with 2315 in 2009.
Sameer Africa Ltd., is planning to enter the Rwandan tyre market in the next two years, company executives told Bloomberg recently. At the same time, the company is said to be exploring the possibility of setting up a subsidiary in Nigeria. However, in light of ongoing share sale talks since last summer, this could be […]
The British car industry is not only alive and well – it is exporting in greater numbers than it has in years. Figures released by the Society of Motor Manufacturers and Traders (SMMT) show that exports of UK-built cars to China have increased five-fold since 2009. In 2014,137,410 cars made here were exported to China, an increase of 14.5 per cent over 2013. Only the UK bought more British-built cars than China last year, with exports to China greater than combined UK exports to Brazil, India and Russia.
Brazil’s Borrachas Vipal ships its products to nearly 90 countries around the world and last year achieved US$120 million worth of export sales; around 30 per cent of the company’s production volume is exported, with pre-cured treads representing 40 per cent of this figure. All up, Vipal is responsible for 80 per cent of Brazil’s pre-cured tread exports. It therefore comes as little surprise that the company has recently been twice honoured in its homeland for export activities.