Avon Tyres witnessed a strong end to the 2013 Time Attack series at Brands Hatch, as two titles and an all-time Time Attack lap record were claimed on its tyres. Avon became an official tyre supplier to the increasingly popular Time Attack series at the start of 2013, supplying its acclaimed ZZR road-legal circuit tyres and full competition slicks to entrants.
Aeolus has a new distributor for its passenger car tyre range in the German, Austrian and Swiss markets. German wholesaler and tyre service provider Reifen Straub GmbH now handles imports in these three territories and in mid-September began delivery of Aeolus AW02 and AW03 winter tyres for the coming ‘changeover’ period, which traditionally takes place in October.
At present, Cooper Tire & Rubber operates eight plants in the Americas, Asia and Europe, and production from all three regions is sold on the European market. However the company believes its value proposition can be strengthened by increasing the proportion of European-made tyres sold here.
Myanmar’s automotive market is likely to grow to 95,300 units by 2010, a compound annual growth rate (CAGR) of 7.8 per cent (2013-2019). That’s the view of researchers at Frost & Sullivan who suggest that this will be driven by a growing economy, infrastructure development and increasing income as well as better integration with ASEAN nations. Their view is that real growth however is likely to start only after 2014.
Apollo Tyres Ltd has reported first quarter 2013-2014 financials including a 19 per cent rise in net profits to 1.66 billion rupees (22.8 million euros; US$29.7 million). The announcement followed the approval of a large dividend pay-out of 50 per cent per share (0.50 per equity share), for the year ended 31 March 2013.
Brazil’s Chamber of Commerce (Camex) has reviewed and extended its anti-dumping duties on passenger car tyres manufactured in China. In late July it published a list of duties to be charged on tyres covered by Mercosul Common Nomenclature (NCM) 4011.10.00, specifically new 65 and 70 series, 13 and 14-inch rim diameter passenger car radials.
Ongoing concerns over the availability of natural rubber have prompted India’s tyre makers to cast an envious eye on supplies from outside the country. Now the Automotive Tyre Manufacturers Association (ATMA), the organisation representing ten of India’s tyre manufacturers, has handed the country’s Commerce Minister a statement saying the tyre industry will more strongly rely on rubber imports.
Nearly year after the UAE banned the sale of used tyres, local news sources report that an import ban has been added to measures designed to curb the part worn trade. The new law is part of a tyre management plan implemented by the Emirates Standardisation and Metrology Authority (Esma), which will implement the ban on the import of used tyres in September. In the meantime, the existing federal law is “being openly flouted by traders and workshops in Sharjah and Dubai”, according to Gulf News.
For the first time in 20 years the UK hosted the International Rubber Research and Development Board’s International Rubber Conference in 2013. The return to the country is well-timed; the Malaysian Rubber Board’s Tun Abdul Razak Research Centre celebrates its 75th anniversary in 2013, effectively elongating the IRC into a week-long event culminating in a well-attended visit to the picturesque Brickendonbury Estate near Hertford, where TARRC is now based, and which for 20 years was the home of the IRRDB. On Monday 24 June the event, jointly organised by the IRRDB, the MRB and TARRC, opened in Mayfair’s Millennium hotel, with the morning sessions in particular providing topics of interest to tyre manufacturers.
A consortium made up of US tyre maker Titan International, Russian government fund the Russian Direct Investment Fund (RDIF), and private equity fund One Equity Partners (OEP) have reached an agreement in principle with Russian tyre holding Cordiant to invest in Russian agricultural and industrial tyre manufacturer Voltyre-Prom. The consortium will own a controlling stake in Voltyre-Prom, with Titan International becoming its managing partner.
In late May, Brazilian tyre industry association the ANIP (Associação Nacional da Indústria de Pneumáticos) reported that the country’s tyre production only increased four per cent during the first four months of 2013, despite a year-on-year growth of 17 per cent within the automotive industry between January and April. ANIP blamed this growth congruence on increased tyre imports, prompting association president Alberto Mayer to comment that many imported tyres were not legal imports, were of a quality below that set out by national accreditation body Inmetro, and avoided the end of life tyre handling fee charged on domestically-produced tyres.
Falken celebrated 30 years since its birth with what could be described as an eventful 24 Hours of the Nürburgring. The Falken Motorsports team held first position for a time following an overnight break in racing as a result of heavy rain. British driver Peter Dumbreck climbed from tenth to first during the first stint, using Falken’s wet weather tyres to excellent effect. However, two incidents, including one off that required a rescue vehicle, put paid to dreams of glory, with the team ending the 24 hours in a very creditable 20th.
With no buyers seeking to purchase it, the closure of Goodyear’s Amiens Nord tyre manufacturing facility now looks inevitable. And according to various French news reports, France's government has now faced up to the fact that this means the loss of up to 1,200 jobs.
Indeed closure is now the only option on the table after the French Agency for International Investment (AFII) contacted 57 potentially suitable of which just eight said they would be interested. Of these five signed confidentiality agreements and two non-binding offers were presented, but France's Economic Redevelopment Ministry said "after careful examination of the plans put forward," no candidates were in a position to present a binding offer.
Summing up its first quarter 2013 experience in a single sentence, Michelin states that in the three months to 31 March the “market environment was weak in Europe in passenger car and light truck tyres, disappointing in North America and expanding in the new markets.”