Almost 40 years to the day since the first Kama truck tyre was produced in the Nizhnekamsk Truck Tire Factory, parent company Tatneft reports that the plant has produced its 81 millionth tyre. The tyre will be presented to staff at an event held on 25 April to mark the plant’s 40th anniversary.
Five years after production commenced, the Continental tyre factory in Kaluga, Russia has celebrated the production of its 10 millionth tyre. Plant output officially went into eight-digit figures on 11 April and the team in Kaluga marked the occasion with invited guests, including government officials, customers and representatives from the Continental Executive Board.
As of January, a second size of the Yokohama BluEarth-A AE-50 is being supplied as an original equipment tyre for VW Tiguan models sold in Russia. Yokohama Rubber is supplying the size 215/65R17 99V tyre to Volkswagen Group Rus, the vehicle manufacturer’s local subsidiary. The tyre maker has supplied the BluEarth-A AE-50 for OE fitment on the Tiguan in size 235/55R18 100V since June 2017.
Yokohama Rubber Co., Ltd. has reported net sales of 466.79 billion yen in the first ninth months of 2017 – a new record for this period. Of this figure, 333.13 billion yen was generate by sales of tyres (excluding Alliance Tyre Group operations, which are included in the firm’s accounts following the business’ acquisition in September 2016). Therefore, profit attributable to owners of parent increased 96.4 per cent over the same period of the previous year, to 16.7 billion yen, on a 39.7 per cent increase in operating income, to 26.4 billion yen.
Triangle Tyre Europe and Laserta have signed an agreement for the distribution of the brand in the Russian market. The agreement reflects the Chinese tyre manufacturer’s strategy of increasing its presence across the globe by opening regional offices and deploying local teams who will be working in partnership with professional distributors in each country.
By the middle of the next decade, Russia’s Tatneft intends to sell 16.2 million tyres per annum and achieve a fivefold increase in EBITDA related to tyre sales; this is expected to reach RUB 14.5 billion (£188.7 million) in 2025.
Nokian Tyres plc has received a tax reassessment decision from Finland’s Tax Administration, according to which the Company is obliged to pay 59 million euros additional taxes with punitive tax increases relating to the 2011 tax year. Payment must be made in November 2017. 39 million euros of the figure relates to additional taxes and 20 million euros relates to punitive tax increases and interests.
Omsk Carbon, the Russian carbon black manufacturer, has announced that its new carbon black site will begin production in the second quarter of 2018 – a roughly 18-month delay compared to the original plan.
Russian rubber and petrochemicals manufacturer Nizhnekamskneftekhim signed an agreement to provide synthetic rubber to Michelin during a meeting held in late June.
A delegation from the Russian company, including Vladimir Busygin, chairman of the board of directors and other senior officials, visited Michelin’s R&D center in Clermont-Ferrand, France to discuss the supply of new brands of synthetic rubber to the tyre maker.
At its recent annual shareholders’ meeting, the chief engineer of Russian tyre maker PJSC Nizhnekamskshina reported the company’s output for 2016. According to Aidar Belyaev, last year Nizhnekamskshina produced a total of 8,771,420 tyres.
An official opening ceremony for Bridgestone’s new passenger car tyre factory in Russia will be held next Thursday, states the tyre maker. Although commercial production at the Bridgestone Tire Manufacturing C.I.S. LLC facility began last December, on 25 May more than 200 invited guests, including key Bridgestone partners, suppliers and representatives from local, regional, national and also Japanese government authorities, will attend a ceremony at the 81-hectare plant site in the Zavolzhye Industrial Zone, some 560 miles southeast of Moscow.
Mercedes’ Valtteri Bottas claimed his first Formula One victory in the Russian Grand Prix with a one-stop strategy used by most drivers, as has always been the case in Sochi. The Finn took the lead on the first corner from third on the grid using ultrasoft, stopping for the supersoft tyre before his key rival: Ferrari’s Sebastian Vettel.
In parallel with presenting its full-year 2016 results, Pirelli has revealed further details of its complex ownership structure and how it is splitting its consumer and industrial tyre business into two separate entities.
The latest news is that, as of March 2017, TP Industrial holding (which owns the newly renamed PTG, which was called Pirelli industrial until recently – more on that later) has been separated out from Pirelli’s consumer tyre business. In practice this means the assignment of TP Industrial holding to Marco Polo, Pirelli’s sole shareholder. According to Pirelli, the assignment will “ensure that Pirelli and TP Industrial can pursue their own independent paths to growth and independently developed strategies”.
The board of directors of Nokian Tyres plc has appointed Andrei Pantioukhov, 44, as the interim president and CEO starting 1 January 2017. Pantioukhov currently serves as Nokian Tyres’ general manager, Russian operations and continues also in this role. He has been in the company since 2004, a member of the management since 2009 and executive vice president since the beginning of 2016.