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You are here: Home1 / Federal

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Federal’s debt-to-asset ratio reaches 60%

Company News, International News
Federal

On 14 March, Federal Tire said it would hold a general shareholder meeting in three months. Tyrepress China found that the tyre manufacturer will issue a “Report on losses up to half of the paid-in capital” at the general meeting of shareholders. Federal explains that “the accumulated losses of the company in 2022…reached one-half of paid-in capital”. This document shows that the Federal business situation in 2022 seems to have fallen into a trough.

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Related news:

  1. Groundbreaking held for Federal Tyres’ newest factory
  2. Fire stops production at Federal’s Chungli tyre plant
  3. Nankang Tyre took over “management rights” of Federal in Q4 2021
  4. Nankang and Federal’s cumulative operating revenue declined
16th March 2023/by Xuda Wang

Federal signs off-take deal with Vietnam tyre factory

International News
Federal

On 24 February, Federal signed an off-take agreement with Vietnam XT Tyre. According to the agreement between the two parties, XT Tyre will start to produce tyres for Federal in 2023 by Federal’s orders and production specifications. Federal did not disclose the details of the cooperation with XT Tyre, including the specifications and production capacity involved in the making the agreed products and the specific timetable for the collaboration between the two parties.

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Related news:

  1. Cheng Shin launching 40 million tyre capacity expansion in China
  2. Taiwan-based tyre manufacturers raising prices
  3. Guizhou Tire begins $350 million construction project on two China factories
  4. USA to introduce antidumping, countervailing orders on PLT tyres from 4 countries
8th March 2023/by Xuda Wang

Federal Corporation chairman resigns

Career Tracks, International News
Federal

On 18 November, Federal Corporation stated that Chiang Ching Hsing, the company’s chairman and general manager, resigned. Chen Heng Kuan, who is also chairman and president of Nankang, held his position. According to analysts, both Chiang Ching Hsing and Chen Heng Kuan are representatives of Nankang Rubber on the Federal Corporation’s board of directors, and Chiang Ching Hsing’s departure will not bring about a massive change in Federal Corporation.

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Related news:

  1. Lin Junying becomes general manager of Nankang Rubber Tire
  2. Taiwan-based tyre manufacturers raising prices
  3. Nankang Tyre took over “management rights” of Federal in Q4 2021
  4. Nankang and Federal’s cumulative operating revenue declined
21st November 2022/by Xuda Wang

Four tyre companies release September results

Company News, International News
Cheng Shin

Recently, four Taiwanese tyre manufacturers, Cheng Shin, Nankang, Federal and Kenda, successively announced their September results. In September, Cheng Shin’s operating revenue was approximately NT$8.875 billion (about 244 million pounds, 280 million euros), an increase of 13.03 per cent over the same period last year.

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Related news:

  1. Taiwan-based tyre manufacturers raising prices
  2. Nankang Tyre took over “management rights” of Federal in Q4 2021
  3. Nankang and Federal’s cumulative operating revenue declined
  4. Kenda buys Starco
26th October 2022/by Xuda Wang

Land development plan for Federal plant approved

International News
Federal

Recently, Taiwanese tyre manufacturer Federal disclosed to the public its recent operations, including land development plans associated with one of its factories. Federal has two factories in Taiwan, located in Chungli and Guanyin, with a total of 535 employees. The tyre maker said the Guanyin plant has an annual capacity of 3 million tyres; the Chungli plant has been suspended due to the implementation of anti-dumping duties by the United States.

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Related news:

  1. Groundbreaking held for Federal Tyres’ newest factory
  2. Taiwan-based tyre manufacturers raising prices
  3. Fire stops production at Federal’s Chungli tyre plant
  4. Fire breaks out at Federal’s Taiwan tyre factory
17th October 2022/by Xuda Wang

Nankang and Federal’s cumulative operating revenue declined

Company News, International News
WikiTravel

In the first week of August, Taiwanese tyre manufacturers Nankang and Federal successively released operating data for July 2022.

Nankang’s operating revenue in July was NT$660 million (about £18.22 million; 21.58 million euros), down 10.8 per cent from NT$740 million (about £20.42 million; 24.2 million euros) in the same period last year. From January to July, the tyre maker’s operating revenue was about NT$4.72 billion (about £130 million; 115 million euros), down 3.08 per cent year-on-year.

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Related news:

  1. Nankang Tyre took over “management rights” of Federal in Q4 2021
  2. Taiwan-based tyre manufacturers raising prices
  3. Nankang employee arrested for alleged kickbacks
  4. Groundbreaking held for Federal Tyres’ newest factory
8th August 2022/by Xuda Wang

Nankang Tyre took over “management rights” of Federal in Q4 2021

Company News, International News

According to Federal Corporation’s 2021 annual report, which was published in mid-May 2022, on 15 October 2021, “major shareholder Nankang Rubber Tire Corp. Ltd. Nankang Rubber Tire Corp., Ltd…called an extraordinary shareholders’ meeting to obtain the management right[s].” Federal and Nankang representatives have been contacted by Tyres & Accessories for comment.

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Related news:

  1. Taiwan-based tyre manufacturers raising prices
  2. Nankang employee arrested for alleged kickbacks
  3. Groundbreaking held for Federal Tyres’ newest factory
  4. Fire stops production at Federal’s Chungli tyre plant
17th June 2022/by Chris

Conti SportContact 7 ‘sets benchmark’ in Tyre Reviews UUHP tyre test

Product News

Tyre comparison website Tyre Reviews has put ten popular tyres for performance cars to the test, making the brand-new Continental SportContact 7 a winner in its first outing on the independent assessment circuit. Reviewer Jonathan Benson fitted the ten tyre combinations to a BMW-powered Toyota Supra in sizes 255/35 R19 (front) and 275/35 R19 (rear) for the test, which he conducted over nine disciplines at Conti’s Contidrom facility. Given that the tyre was proven at the circuit, and is at least 12 months newer than any other product in this test, it is perhaps a little unsurprising that the SportContact 7 prevailed, but with reasonably comfortable first-place finishes in the dry and wet handling and braking tests, Tyre Reviews concludes that the tyre sets “a new standard for the UUHP segment.”

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Related news:

  1. 19 finalists chosen for 2015 AutoBild winter tyre test
  2. Michelin the number one consumer researched tyre brand: Tyre Reviews
  3. Goodyear: New EfficientGrip Performance 2 tyre offers 20% more mileage than Michelin
  4. Hankook Ventus S1 evo 3 wins Auto Express 2021 Summer Tyre Test
21st February 2022/by Andrew

Red Dot Awards for five tyres

Product News

The best designers and manufacturers of the year were recognised on 3 July at the Red Dot Gala 2017 event in Essen, Germany, and amongst the products selected by the 9-strong Red Dot judging panel were five tyres; these gained ‘Red Dot’ awards in Product Design. The awarded tyres are the Continental PremiumContact 6, Federal 595RS-RR, Laufenn I FIT, Kumho Crugen HP71 and Nexen N’Fera RU1.

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Related news:

  1. 4×4 or SUV tyre sector?
  2. 19 finalists chosen for 2015 AutoBild winter tyre test
  3. Tyre makers limbering up for IAA Cars
  4. Tyre Makers Go Global
12th July 2017/by Tyrepress Editors

February start for Federal’s newest tyre plant

Company News, International News

In addition to reporting a pause in production at its Chungli plant due to a fire at the site, Federal Corporation also says it is readying its new factory in Taoyuan City’s Guanyin Industrial Park for its operational debut in February 2017. The Guanyin plant is Federal’s second on the island of Taiwan and the company’s third – Federal also operates a plant in Nanchang (Jingxi Province, China), which it acquired from Hero Tire in 1997.

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  1. Cooper the target of securities class action lawsuit
  2. Sri Lankan president attends GRI factory opening reception
  3. Better late than never: Bridgestone opens Thailand OTR plant
  4. Linglong Hubei TBR tyre plant officially opens
23rd January 2017/by Tyrepress Editors

Fire stops production at Federal’s Chungli tyre plant

Company News, International News

Federal Corporation reports that production at its main factory in Chungli, Taiwan has been halted due to a fire at the site on 17 January. Warehouse facilities were damaged during the blaze, however the Chungli plant’s manufacturing facilities were unaffected and Federal confirms there were no casualties.

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Related news:

  1. Groundbreaking held for Federal Tyres’ newest factory
  2. Federal celebrates 60th anniversary at Reifen
  3. Taiwan-based tyre manufacturers raising prices
  4. Cooper the target of securities class action lawsuit
23rd January 2017/by Tyrepress Editors

Taiwan-based tyre manufacturers raising prices

International News, Product News

The leading Taiwanese tyre manufactures are reportedly planning to raise prices by between 8-12 per cent during 2017. According to local news reports, the price hike is a reaction to the jump in synthetic rubber and natural rubber prices.

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Related news:

  1. DuPont polymers to increase prices
  2. DuPont increases Zytel prices globally
  3. IRSG: World rubber demand to rise 2.5% in 2019
  4. Chinese contingent view potential Thai rubber sources
9th January 2017/by Tyrepress Editors

Federal to roll out e-mark certified portfolio, new winter tyres at Reifen 2016

Company News, Product News

Federal Tyres will exhibit its latest e-marked UHP and studless winter tyres at Reifen 2016. Federal’s range will include the Evoluzion ST-1, 595 RS-Pro, and Evoluzion F60 summer high and ultra-high performance tyres; the Himalaya Kattura for mild winter road conditions; the Ecovan ER02, which demonstrates durability for the commercial market; and the Glacier GC01 for winter conditions. The Taiwanese manufacturer will exhibit from stand 3C27 in Hall 3, between 24 and 27 May.

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Related news:

  1. Zafco to display extensive Zeetex product lines
  2. Sailun to display ‘culmination’ of strategic investments at Reifen 2016
  3. Z Tyre donates all profits from ‘World’s Most Expensive Tyre’ to Zenises Foundation
  4. Kumho introduces new products, diesel optimisation project
18th May 2016/by Andrew

Grouptyre brand portfolio offers affordability in varied applications

Product News

Grouptyre says that UK retailers continue to demand a diverse range of tyres from different manufacturers to meet the varying needs of their customers. Its exclusive brands, which include Landsail, Evergreen, Federal and Goodride, are designed to offer affordably priced products that cover a range of driver demands.

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Related news:

  1. Grouptyre car tyre brands continue to expand ranges
  2. Grouptyre leads with range of high performance brands
  3. 4×4 growth offers opportunities in sub-premium categories for exclusive brands – Grouptyre
  4. Oak Tyres outlines brand strategy in new Davanti era
11th February 2015/by Andrew

Groundbreaking held for Federal Tyres’ newest factory

Company News, International News

At a ceremony attended by local government officials, senior management and international customers, last month Federal Tyres formally broke ground on its third tyre plant in Taiwan. The new facility is being erected on a 14,000 square metre site in the Taoyuan Industrial Park, and the NT$8.1 billion (£166.7 million) investment will be completed in two phases between 2014 and 2020; once the plant is fully operational, it will create 836 jobs and produce an estimated maximum of six million tyres a year.

Read more

Related news:

  1. Fire stops production at Federal’s Chungli tyre plant
  2. Federal celebrates 60th anniversary at Reifen
  3. Taiwan-based tyre manufacturers raising prices
  4. Nokian breaks ground on new North America factory
11th November 2014/by Tyrepress Editors
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