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You are here: Home1 / YHI

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Yokohama Rubber establishing tyre sales JV in Malaysia

International News

From the start of next year, Yokohama tyres will be sold in Malaysia through a newly formed joint venture company. Tyre maker Yokohama Rubber Co., Ltd. will hold a 51 per cent stake in the new Yokohama Tyre Sales Malaysia Sdn. Bhd., with the remaining share held by YHI (Malaysia) Sdn. Bhd. (YHIM), subsidiary of the exclusive distributor of Yokohama tyres in Southeast Asia, YHI International Limited (YHI). Akira Nakamoto has been appointed managing director.

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Related news:

  1. Isoprene sourced from biomass – Yokohama Rubber announces new technology
  2. Tyre sensor development – Yokohama Rubber working with Alps Alpine
  3. Yokohama Rubber expanding tyre mould capacity in Thailand
  4. Yokohama grows non-Europe Advan Neova, BluEarth ranges
15th December 2021/by Stephen

Matching stocks and customers a Vimexa strength

Company News, International News

Gaining a foothold in a new market or securing the best deal on stock is easier said than done. It’s difficult for wholesalers, manufacturers or dealers to be experts in every aspect of the tyre business, and this means that companies often miss out on opportunities simply because they don’t know about them. In such instances you can either accept this limitation – or you can look for someone who can help. This year a new Netherlands-based company, Vimexa Automotive BV, entered the business of helping companies within the tyre, wheel and battery industries find what they want or need. Other automotive products, such as TPMS – a product of growing significance in Europe – may also be introduced into the portfolio. Tyres & Accessories recently met with company founder Rutger Veerman to discover more.

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Related news:

  1. Point S – From Private Brand to Leading Brand
  2. TBC Corp to acquire Midas for $310M
  3. Cooper Makes Sales & Marketing Appointments
  4. Stapleton’s increasing van tyre choice
19th March 2014/by Tyrepress Editors

YHI adds Proton OE supply to Malaysia factory output

International News, News

YHI reports that its expanding Malaysia factory has gained some new OE deals including one with Proton as part of its strategy to grow its aftermarket and OEM businesses in Malaysia and wider region. According to YHI, the contract is to supply alloy wheels to Proton for its Satroa Meo R3, Global Small Cars and Saga FLX models. This order of alloy wheels will be manufactured at the Group’s Malaysia plant.

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Related news:

  1. Borbet aiming for 17 million output
  2. Hangzhou Zhongce confirms Thai factory reports
  3. Pirelli to invest 105 million euros in Slatina, Romania plant
  4. Marangoni expanding pre-cure strip, Ringtread production in Argentina
13th August 2013/12,345 Comments/by Tyrepress Editors

YHI reports double digit profit and sales drops 1H 2013

News

YHI International Limited has reported revenue of S$250.4 million for the first six months ended 30 June 2013. This represents a significant drop from the S$277.4 million reported in the same period last year. But there was worse news when it came to profitability, with the company reporting net profits of S$3.5 million, roughly two-thirds less than the S$11.7 million reported in the same period in 2012. Revenue from the distribution segment, which makes up of 74.9 per cent or S$187.6 million of the total revenue, remains as the main driver of the Group’s turnover in the first half of 2013.

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Related news:

  1. Conti's “right answer” – the LSR1+ and LDR1+
  2. Pirelli unveils charity-themed 2013 Calendar
  3. Reactions to Government Spending Review
  4. YHI gains Otani and Double Coin exclusive distribution rights
6th August 2013/12,345 Comments/by Tyrepress Editors

European ‘Anti-Dumping’ Investigation Could Mean 30% Duty on Chinese Alloys

International News, News

While everyone has been focusing on the US-initiated anti-dumping tariffs against Chinese-made passenger car tyres, another anti-dumping investigation has escaped widespread coverage. On 13 August 2009 the European commission began an investigation into dumping allegations made against Chinese wheelmakers who allegedly sold products into the European markets beneath cost price. At the time 60 Chinese wheelmakers received notification of the impending investigation and most reportedly began cooperating straight away. Nevertheless, according to China’s Ministry of Commerce, the investigation is likely to cost Chinese wheel exporters an estimated US$390 million. There is still a chance that no tariffs will be implemented, but if they are they will apply across both the OE and replacement sectors and are predicted to be lie somewhere around the 30 per cent mark.

The European Commission’s investigation, which began just a day after the Chinese companies involved were informed of the allegations, followed a complaint made by the Association of European Wheel Manufacturers’ (EUWA) in June 2009. At the time the journal of the executive arm of the 27-nation European Union said the investigation was initiated “having determined that there is sufficient evidence to justify the…proceeding.” However, China's Ministry of Commerce denied the charges saying: “It raises the cost of repairs for customers, affects the recovery of the European auto sector from the global financial crisis, and hurts the interests of both China and Europe.” Either way, with Chinese produced wheels representing a significant proportion of replacement market products on offer, any kind of trade barriers that are implemented are likely to have a similarly significant effect on the shape of the market.

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Related news:

  1. Wheel Manufacturing in the UK
  2. EU Probes Chinese Wheel Dumping Complaint
  3. European Commission Imposes 20.6% Duty on Chinese Alloy Wheel Imports
  4. How direct TPMS manufacturers are preparing for the mass market
24th March 2010/by Tyrepress Editors

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