From the start of next year, Yokohama tyres will be sold in Malaysia through a newly formed joint venture company. Tyre maker Yokohama Rubber Co., Ltd. will hold a 51 per cent stake in the new Yokohama Tyre Sales Malaysia Sdn. Bhd., with the remaining share held by YHI (Malaysia) Sdn. Bhd. (YHIM), subsidiary of the exclusive distributor of Yokohama tyres in Southeast Asia, YHI International Limited (YHI). Akira Nakamoto has been appointed managing director.
Goodyear Tire & Rubber Co’s Malaysian tyre factory has been under scrutiny for at least two years following questions relating to working conditions. At the end of November, US Department of Homeland Security officials interviewed local staff as part of investigations that “could lead to US prosecutions”, according to Reuters, which added Goodyear faces “related lawsuits and two ongoing investigations by regulators in Malaysia and the United States, each looking into potential exploitation of foreign workers.”
In response to the investigation and related reporting, Goodyear issued the following statement: “Goodyear takes seriously any allegations of improper behaviour and is committed to ensuring that our business practices and those of our associates, our supply chain, and our vendors adhere to both our policies and all applicable legal requirements.”
Malaysian firm Maxrubber Industries Sdn Bhd claims to be the fastest-growing manufacturer of tyre retreading materials, and the company has Europe firmly in its sights. Following what it calls an “extensive period of investment” at its manufacturing facility in Klang, some 25 miles southwest of Kuala Lumpur, Maxrubber has announced the start of a “targeted export drive” with a view to “developing a strong presence in the European market.”
Following a successful Bol d’Or 24hr, Dunlop heads to the inaugural 2019-20 FIM Endurance World Championship (EWC) 8 Hours of Sepang. Dunlop showed the adaptability and consistency of its tyre range in tricky weather conditions at the Bol d’Or 24hr as Team Suzuki Endurance Racing Team (SERT) took top honours. The manufacturer says the Sepang International Circuit will pose a new test for all 20 bikes utilising Dunlop tyres, with sweeping corners and wide straights, including a 927 metre back straight, at the 5.5km circuit.
Groundbreaking took place last month on a new Maxtrek Tyres plant in Malaysia. Guangdong, China-based tyre maker Zhaoqing Junhong Co., Ltd. is setting up the plant on a 121.4-hectare site within the Malaysia-China Kuantan Industrial Park (MCKIP) in Pahang state.
Continental has inaugurated a new, state-of-the-art rubber compound mixing facility at its tyre plant in Alor Setar Malaysia. The tyre maker invested more than MYR 65 million (£10.6 million) in the 3,200 square metre facility at the Alor Setar factory, which produces two-wheeler, car and light commercial vehicle tyres for the domestic and APAC region markets. Its entry into operation is expected to lead to increased capacity and flexibility.
Based in the city of Guangzhou, the Guangzhou International Automobile Exhibition is particularly close to the Chinese off-shore territories of Hong Kong and Macau. Still, despite the show’s proximity to such personal and corporate wealth, Prinx Chengshan unique inasmuch as it was the only Hong Kong stock exchange (HKEX) listed tyre manufacturer at the show.
Visiting CITExpo in 2018 had the potential to be a gloomy affair. A trade show that has specifically targeted medium-sized tyre Chinese manufacturers as a gateway for raising global interest, the trading environment in major export markets in Europe and North America have not been the most hospitable, with tariffs or anti-dumping duties affecting various product segments. In the UK, we heard from a major Chinese truck tyre importer that business had effectively been put on hold with the announcement that the EU was imposing tariffs in May. Pressure had also been mounting domestically, as the Chinese government moved to bring a halt to production at factories it considered to be too polluting, which led to upstream supply chain problems, as raw materials suppliers to the tyre industry were among those affected.
Less than two years after Prinx Chengshan Europe came into being, the company has already sold quantities of tyres numbering in the millions across Europe. Not only that, but the Chinese-based firm has also invested in a manufacturing base in Malaysia during the same period of time. Tyres & Accessories met up with European managing director Ivan Majsky and the rest of the European sales and marketing team at Tire Cologne in order to find out more.
Continental Malaysia reports that it is pioneering its intelligent in-tyre sensor in the Asia-Pacific (APAC) market. Announcing the news, Continental says it is committed to “creating the best holistic solutions [for] customers by enhancing its value chain through digitalization [and] connecting intelligent products, systems and services.”
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.
Toyo Tire & Rubber Co has achieved rapid fuel efficiency savings in its truck and bus tyre line-up through its Nano Balance Technology. The manufacturer has been advancing its indigenous rubber material development technology since 2011; the latest step forward is a new process development technology Toyo says will contribute to significant reduction in fuel consumption from “nano processing.”