Ukrainian tyre maker JSC Rosava says it has installed a new tyre building machine and universal stickers at its heavy tyre production facility. The company says the machine’s presence will enable it to raise its agricultural tyre production and expand its range by adding new, high-demand sizes. These additions include the sizes 420/70R24TL, 420/70R28 TL, 520/70R38 TL, 18,4R34, 14,9R24 and 600/65R30 TL.
The East European trailer market has stalled once again, according to a new analysis produced by Clear International. The report suggests that the instability in Ukraine plus the plummeting oil price has had a “devastating impact” on the outlook for trailer demand in Russia. Nearly 24,000 trailers have been wiped from the demand forecast for the 2015 – 2019 period, with most of that falling in 2015/2016. That is in addition to the reductions made to the forecasts in 2014 following the annexation of Crimea. The latest forecast reductions affect Russia, Ukraine and Belarus.
The owner of the Automechanika franchise has announced the cancellation of Automechanika Kiev 2015. “In view of the current political situation in the Ukraine, the première of Automechanika Kiev planned for 9 to 11 June 2015 has been cancelled,” reported Messe Frankfurt Exhibition GmbH today.
The instability in both Ukraine and Syria has had a real impact on the outlook for trailer demand, indeed the East European trailer market is said to be flatlining in 2014. According to a new report produced by Clear International, nearly 7,000 trailers have been wiped from the forecast for the 2014/15 period. That is in addition to the reductions made to the last forecast in March this year following the annexation of Crimea. The forecast reductions affect Russia, Ukraine, Estonia and Latvia, plus Turkey which borders Syria.
The Belarus Digest reports that some residents of capital city Minsk have taking to puncturing tyres on Russian-registered cars they encounter. The publication opines that these attacks on cars bearing Russian number plates are in part occurring due to the increasingly “radical” attitude of some Belarusians towards Russia, a stance linked to the conflict in Ukraine. “These tyres appear to be just one example of their growing displeasure,” wrote the Belarus Digest’s Ryhor Astapenia. He added that this radicalisation is also the by-product of the authoritarian political climate in Belarus, under which “many feel they have no way to express their dissent other than by piercing the wheels of cars.”
Russia’s Rosneft, indirect 13 per cent shareholder in Italian tyre maker Pirelli, has commented on the decision by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) to include it on the new sectoral sanctions list. The oil company was one of four energy sector companies added to the list on 16 July 2014; the sanctions were announced in response to unrest in Ukraine but were put in place before the crash of Malaysian Airlines MH17. Under the terms of the sanctions, US citizens can not undertake certain dealings with Rosneft and the other firms, and they will not be able to obtain medium or long-term lending from the US.