Tag: Serbia

Trelleborg investing in Serbian tyre plant

2nd February 2017 | 0 Comments

In its year-end 2016 report, Sweden’s Trelleborg AB states that its Board of Directors has “decided to make a major investment” in Trelleborg Wheel Systems’ tyre operation in Serbia in order to improve the facility’s footprint and increase production capacity to accommodate additional future sales.

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Serbian government seeks new Trayal owner

Serbian government seeks new Trayal owner

20th February 2015 | 0 Comments

In December 2013, the Republic of Serbia’s Privatization Agency decided to terminate its sale agreement covering a number of assets from state-owned company Trayal Corporation as the buyer, Bulgarian power company Brikel EAD, was deemed to have failed to fulfil its contractual obligations. Trayal was sold to Brikel in late 2006.

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Cooper Tire targeting ‘profitable growth’ in UK, Germany – and Eastern Europe

5th December 2014 | 0 Comments

The United Kingdom is already the European market where Cooper Tire & Rubber is best-represented, however the tyre maker sees further potential to expand its market share. Speaking at the Bank of America Merrill Lynch 2014 Leveraged Finance Conference on 3 December, Cooper Tire & Rubber treasurer Tom Lause conveyed the company’s aim to grow in both developed and emerging European markets, and singled out the UK and Germany as areas of particular focus.

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Serbia open for business

Serbia open for business

12th November 2014 | 0 Comments

With Cooper, Mitas and most recently Michelin all upping production capacity in Serbia, you can understand the Serbs have invested in communicating the benefits of locating tyre production in the area during the course of 2014. But that’s not all. They have also invested in travelling all the way to Grungrao, Shandong provice, China in order to court the attentions of up-and-coming Chinese tyre manufacturers too.

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Michelin opens second Tigar Tyres plant, says more entry-level investment possible

13th October 2014 | 0 Comments

The second Tigar Tyres plant in Pirot, Serbia is now open. An official inauguration was held at the facility on 9 October, and this culminated in Serbian President Tomislav Nikolic and Jean-Dominique Senard, CEO of parent company the Michelin Group, signing the first tyre to roll off the production line. The inauguration marked the completion of the first part of two-phase project. Investment has so far reached €215 million, and the 56,000 square metre facility will be capable of producing between 8 million and 12 million tyres in its phase one incarnation. Some 500 people will be employed at the new plant, increasing the Tigar workforce to around 2,600 to 2,700.

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Tatko and Vipal Rubber celebrate a successful partnership

Tatko and Vipal Rubber celebrate a successful partnership

23rd July 2014 | 0 Comments

Vipal Rubber clients have held a joint event with Turkish distributor Tatko in Serbia to celebrate recent sales successes in the region. Tatko is responsible for distributing Vipal and Ruzi products in Turkey, Ukraine and other countries in Central Asia, and the Belgrade event reflects Vipal’s emphasis on its partner relationships, the Brazilian retreading company states.

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Mitas to expand Serbia tyre factory

Mitas to expand Serbia tyre factory

1st July 2014 | 0 Comments

Mitas has announced plans to invest the expansion of its Ruma, Serbia factory. In the first part of the planned upgrades, Mitas will build a new logistics centre. According to the company, this will help satisfy the rising demand from South European, East European and Middle East markets. In practice this means Mitas will soon also prepare an upgrade of Ruma's production capacities for radial agricultural and forestry tyres. Mitas’ Serbian factory now produces both bias and radial agricultural tyres. The investment will be completed in mid-2016, at which point the Ruma plant will have a capacity of 35,000 tonnes a year.

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Apollo Tyres says yes to Eastern Europe, Asia, and no to China

6th February 2014 | 0 Comments

It appears to be a case of once bitten, twice shy for Apollo Tyres. Following its experience with Cooper Tire & Rubber, and particularly its joint venture subsidiary Cooper Chengshan, the Indian tyre maker seems ready to give China a wide berth for the time being.

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Conti wins European Deutsche Bahn contract

Conti wins European Deutsche Bahn contract

24th October 2013 | 0 Comments

Following a Europe-wide tender process, Continental has been awarded a contract to deliver Deutsche Bahn some 17,000 bus tyres in several countries. Upon announcing the tyre supply deal for Deutsche Bahn’s DB Region and DB Arriva subsidiaries, the railway operator said Continental won the contract as its overall economic and service-oriented package created a favourable impression.

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Moscow office to aid Cooper’s drive into Russia

26th September 2013 | 12,345 Comments

Cooper Tire has shared details of the sales office it has set up in Moscow. Alex Kolkov heads the office as sales manager; he joined Cooper Tire after serving in leadership positions at multinational companies with sales and production facilities in Russia, including Paulig Rus LLC and Sappi.

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Serbia expansion means more European made/ sold for Cooper

Serbia expansion means more European made/ sold for Cooper

23rd September 2013 | 12,345 Comments

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.

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Tigar a top Serbian exporter

25th July 2013 | 12,345 Comments

Serbia’s Ministry of Finance and Economy has published its list of the country’s leading exporters in the first quarter of 2013, and the automotive sector was amongst the major contributors in this area. Third on the top exporter list, behind Fiat Automobili Srbija and the Petroleum Industry of Serbia (NIS), was Tigar Tyres.

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No Cooper production in India, says Apollo

24th June 2013 | 12,345 Comments

It appears Apollo Tyres is not planning to shift any Cooper Tire production to its factories in India. The Times of India reported on 22 June that the existence of Cooper production sites in low production cost countries makes such a move unnecessary. On the other hand, the Indian tyre maker makes no secret that it will use the acquisition deal to bring its Apollo brand into new markets. And the possibility of Apollo production in Cooper factories also remains.

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Reports: Michelin to build second tyre plant in Pirot, Serbia

18th June 2013 | 12,345 Comments

Local officials are promoting Michelin's plans to build a second tyre production plant in Pirot, Serbia, according to two local news sources. Michelin already owns Tigar, a tyre factory in Pirot. The reports suggest the news factory would employ about 700 workers and cite local mayor Vladan Vasic as saying this is the greatest investment in the history of the city of Pirot.

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Cooper Tire posts record Q1 profit

13th May 2013 | 12,345 Comments

Although year-on-year sales were down 12.5 per cent in the first quarter of 2013, Cooper Tire & Rubber nevertheless managed to more than double operating profit and net income during the January to March period. Net sales amounted to US$862 million, a decrease of $123 million compared with the same period a year ago. Operating profit was a first quarter record of $97 million, up 103 per cent from the first quarter of 2012 and 11.2 per cent of net sales. The company reported net income attributable to Cooper Tire & Rubber Company of $0.87 per share, or $56 million, in the first quarter. This is 160 per cent higher than the $22 million, or $0.34 per share, for the same period last year.

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