On Wednesday 8 June, Sameer Africa CEO Allan Walmsley told local newspapers that the firm, which makes Yana brand tyres, would earn higher margins contracting-manufacturing with tyre producers in China and India. No names were overtly mentioned, but an unnamed Indian firm that bid unsuccessfully Sameer during the last year is thought to be a key suitor. No date for the closure of production and transition to contract manufacturing has been given, but judging by the nature of speculation surrounding Sameer’s ownership and business in general it is likely to be an ongoing process.
Indian industry association the Automotive Tyre Manufacturers’ Association (ATMA) reports that exports of tyres from India decreased in the first half of the country’s current financial year, the period between April and September 2015. Exports of passenger car tyres produced in India fell 22 per cent year-on-year to 1.08 million units, while medium and heavy commercial vehicle tyre exports declined nine per cent to 968,000 pieces.
Iran’s Sabalan Tyre Co. recently delayed plans to break ground on a $200 million radial tyre plant in Sanandaj, Kordestan province due to bad weather. However, the event is expected to be rescheduled and the project is not expected to be