Tag: Turkey
East European trailer demand downgraded due to Turkey instability
Demand for trailers grew by 4.4 per cent in Eastern Europe in 2018, according to the latest research released by Clear. The market has grown every year for the last six years, but that growth has been quite moderate. Nevertheless, trailer sales in 2018 were the third highest on record, only surpassed in 2007 and 2008. The forecast for 2023 is that registrations of new trailers will be heading towards an all-time record.
Kordsa continues PolynSPIRE cooperation
The third meeting of the PolynSPIRE project was hosted by Istanbul Chemicals and Chemical Products Exporters' Association (IKMIB) and supported by the reinforcement leader Kordsa, one of the project partners. The General Project Meeting and Information Sharing Workshop of the PolynSPIRE project was held at the Izmit facilities of Kordsa in last May.
Kordsa welcomes Pirelli Supplier Award
Kordsa recently received 2019 Pirelli Supplier Award. Having put sustainability at the heart of its activities since 2014, and seeing self-sustainability as the first step to sustainability, Kordsa requires its suppliers and business partners to operate in accordance with the principles in its Statement on Code of Business Ethics and assess their environmental and societal effects.
Lassa reports 60% growth in tyre exports
Lassa Tyres has reported that the brand has grown international exports by 60 per cent during the last five years. Top countries, where Lassa Tyres were sold during 2018 include Egypt, Italy, Germany, Austria, Ukraine and Morocco.
Alper takes on CEO role at Sabanci Holding
Cenk Alper has become chief executive officer of Sabanci Holding, the Turkish conglomerate behind tyre cord producer Kordsa and co-owner of tyre manufacturer Brisa. He succeeds Mehmet Göçmen, who held this position between 30 March 2017 and 31 July 2019.
Petlas adds four new run-flat sizes to PT741 range
Petlas has introduced four new run-flat sizes for its PT741 ultra-high performance pattern, namely,. Specifically designed for ultimate performance, PT741 offers an excellent combination of performance and safety (245/40R 20 Reinforced, 285/35R 18, 285/35R 19 and 225/35R 20 Reinforced). According to the company, Petlas run-flat are capable of distances up to 200 km without “any integrity problems”.
Kordsa inaugurates new polyester yarn in Turkey
Operations have started at the recently-completed 3,500 square metre polyester line built at the Kordsa plant in Izmit, Turkey. Kordsa’s Tire Reinforcement business unit commenced work on the additional line in December 2017, and 100 million Turkish lira (£13.3 million) has been invested to provide an additional 7,000 tonnes of polyester yarn capacity. The project was carried out as part of plans announced in 2016 to invest $30 million in further capacity for Korda’s plants in Turkey and Indonesia.
Evonik’s new truck tyre silica
Evonik reports that it has developed a new silica that it says is particularly suitable for use in truck and bus (TBR) tyres. In contrast to passenger car tyres, TBR tyres use mainly natural rubber, which, in combination with silane, places special requirements on the silica. With Evonik’s latest silica/silane development, fuel savings could be as high 8 per cent, the company said, which cuts costs and is better for the environment.
Increased capacity, exports: Prometeon investing $115 million in Turkey
Capacity at the Prometeon Tyre Group plant in İzmit, Turkey will increase by 75 per cent by 2020 in order to accommodate plans to almost double exports from the facility. This project will be funded by a US$115 million investment announced by the company on Tuesday.
Petlas to launch new all-season car tyre pattern
In a bit to expand its car, 4x4, SUV and light truck tyre range, Turkish tyre manufacturer Petlas has announced that it is launching a new passenger vehicle pattern.
A world without Turkey – annoyance over Continental video
A promotional video released by Continental has gained the ire of many internet users with Turkish roots. The reason for this is that Continental has, in animation, pushed Turkey into the sea.
Petlas completes sorting system investment
Petlas Tire and Trade Corp. reports that it recently completed its Final Finish Sorting System (FFSS) and also started to build a fully automatic warehouse. With that smart warehouse Petlas aims to have product traceability feature from production line to delivery to all its customers around the world. In addition, the smart warehouse means less space and effectiveness compared with other conventional solutions.
Petlas aims to increase car and truck tyre sales with factory investments
Already a market leader in the agricultural tyre segment in the North Africa, Middle East and Eastern Europe, Turkish tyre manufacturer Petlas is now aiming to increase its passenger car and truck tyre sales figures in the years to come. To this end, the firm reports that it made a series of investments in its passenger car tyre production during 2017.
East European Trailer Market hit by more falls in Turkish vehicle demand
Market analysts at Clear report that the Eastern Europe trailer market has been hit by a severe downturn in the Turkish market for commercial vehicles. The forecast for Turkey in 2017 is for a fall in trailer demand of 29 per cent on the back of large declines in 2015 and 2016. Political instability had already undermined business confidence in early 2016 and then in mid-year there was an attempted military coup. This had a dire and worsening effect on business investment. As a result, a further 19,700 trailers have been wiped from the Turkish forecast.
Brisa rolls out new organisational structure
Several strategic changes have been implemented within the organisational structure of Turkish tyre maker Brisa Bridgestone Sabanci. The joint venture company has grouped its activities into three main units – ‘Sales’, ‘Marketing and Entrepreneurship’ and ‘International Markets and OE Business’.