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OtaniThailand vehicle production to decline between 25-30 per cent in 2020 – GlobalData
Following the news that the Federation of Thai Industries (FTI) reported a year-on-year decline of 38.76 per cent in vehicle production over the past nine months, Bakar Sadik Agwan, Senior Automotive Consulting Analyst at data and analytics company GlobalData, says: “Thailand, a key automotive production hub in Asia, is struggling hard to recover from the slumped vehicle production output. Vehicle production, both for domestic sales and exports, has been witnessing a downward trend since 2019.
Marubeni re-brands Indonesian tyre retail chain as B-Quik
B-Quik; MarubeniMarubeni is well-known for its range of tyre-related investment interests. While the conglomerate began in Japan, recent additions in Russia and US-based Tyrata demonstrate the diversity of its tyre-related portfolio.
Prinx Chengshan: Increased profits despite corona
Prinx ChengshanIn spite of COVID-19, Prinx Chengshan managed to increase its net profit in the first half of 2020, a feat aided in part by a prompt response to the pandemic. Sales revenue for Prinx Chengshan (Cayman) Holding Limited and its subsidiaries in the six months to 30 June 2020 came to RMB 2,844.0 million (£317.2 million), 1.0 per cent less than in the same period of 2019. Gross profit rose 9.9 per cent year-on-year to RMB 606.3 million (£66.7 million) and net profit increased 1.6 per cent to RMB 265.3 million (£29.2 million).
Westlake launching new Thai-made truck tyres
ZC RubberZC Rubber is launching its second generation of Westlake WSA2LT, WAS2, WDA2LT, WDA2, WSM2 and WDM2 all-steel truck and light truck tyres into the European market effective 1 July 2020. According to the company, the range is designed for “European fleets who seek both tyre performance and cost saving”.
Sentury Tire IPO approval ‘ensuring company’s advancement’ – Davanti
Chinese manufacturer Qingdao Sentury Tire received approval for an initial public offering (IPO) on the Shenzhen Stock Exchange earlier in the month. The tyre maker is mainly known in the UK for supplying Landsail tyres through wholesaler Grouptyre, as well as being a manufacturing partner of Davanti Tyres. Tyres & Accessories asked Sean Maddocks, Davanti sales director for UK and Ireland, what the IPO would mean for its own relationship and growth plans.
USW files anti-dumping petitions against Korea-, Taiwan-, Thailand- and Vietnam-made tyres
In the USA the United Steelworkers (USW) union has filed antidumping (AD) and countervailing duty (CVD) petitions on dumped and subsidized passenger vehicle and light truck (PVLT) tyres with the Department of Commerce and the International Trade Commission
TBR tyre production begins at Prinx Chengshan’s Thailand plant
Prinx Chengshan reports that its new tyre factory in Thailand produced its first commercial vehicle all-steel radial on 25 March. The first phase production project at the Prinx Chengshan Tire (Thailand) Co., Ltd. is now expected to be concluded in the second quarter of this year, giving the facility an annual capacity to produce 800,000 TBR tyres. The plant is also capable of manufacturing 4 million passenger car and light truck tyres a year.
Sustainable rubber procurement: Yokohama Rubber signs MoU in Thailand
Yokohama Rubber has signed a Memorandum of Understanding (MoU) with the Rubber Authority of Thailand (RAOT). The aim of this cooperative partnership with the state enterprise is to provide economic support for Thai natural rubber farmers and to improve traceability, with the aim of ensuring transparency and soundness within the supply chain.
Linglong Tire passes MAN supplier audit
This year got off to a good start, says Linglong Tire. Between 7 and 9 January, a team from Man Truck & Bus visited the Linglong International Tire (Thailand) Co., Ltd facility in Rayong, Thailand. The MAN team, responsible for auditing potential suppliers, spent three days at the truck and bus tyre plant. After it passed the MAN potential supplier audit, the team entered the facility into the MAN supplier system.
Carbon Black 2019 held in Thailand
The Carbon Black Conference 2019, a biennial event with a 30-year history has held its 14th edition entitled – ‘Perspective in Asia Pacific’. The event, held at Bangkok Marriott Marquis Queen’s Park, Thailand from 5 – 7 November, 2019, saw Sanjeev Sood, International Advisory Board Chairman lead the conference with industry partners and participants.
Better late than never: Bridgestone opens Thailand OTR plant
A ceremony was held yesterday to mark the official opening of Bridgestone’s new OTR tyre factory in Thailand, marking the conclusion of a long and at times less than certain construction and preparation programme. The ceremony was attended by Bridgestone Group executives as well as members of the Board of Investment, Thailand, Rayong Province, and Japanese Embassy.
Prinx Chengshan hosts dealer conference in Xi’an
On 16 October Prinx Chengshan held its 2019 International Dealer Conference in the historic city of Xi’an. The theme for this year’s conference, which was held four years after the last one, was: “together for future”.
