Tyre Shortage Set to Continue
(Clacton, U.K./Tyres & Accessories) We hear so much about overcapacity in the tyre industry, with too many tyres chasing too few wheels, but this is not the case in all sectors and certainly not in the OTR/Earthmover tyre market, where words and phrases such as “crisis” and “global shortage” are freely bandied about.
Michelin Will Close Kitchener Plant
(Akron/Tire Review) Citing overcapacity in its broadline products, Michelin North America (MNA) will close its Kitchener, Ontario, tire plant in July.
CITExpo Can Celebrate Successful Breakthrough
(Clacton, U.K./Tyres & Accessories) When the China International Tire Expo (CITExpo) opened its gates for the second time in 2004, it was already considered to be the potential Chinese tyre show of the future.
Michelin to Double Super Wide Production with Expansion
(Akron/Tire Review) Despite its competition’s so-so attitude about super wide tires, Michelin North America (MNA) has aggressively pursued the medium truck tire segment and has now committed $80 million to expand production of its X One units.
Amtel-Vredestein Sells Old Tire Plant
(Akron/Tire Review) Amtel-Vredestein N.V. confirmed that it has sold its Krasnoyarsk, Russia, tire plant to Russian company Vostokshinainvest.
Stamford Tyres Adjusts Its Plans For China
(Clacton, U.K./Tyres & Accessories) For Stamford Tyres, the Chinese market is not new. There they have a local partner that produces some of Stamford’s private brands such as the Sumo truck tyre.
Hankook Steps Up Motorsports Involvement
(Clacton, U.K./Tyres & Accessories) The recent Autosport show saw Korean tyre manufacturer, Hankook, unveil a raft of motorsports plans, as it seeks to become a key player in the U.K. motorsports arena.
JK Industries Back in the Black
(Clacton, U.K./Tyres & Accessories) JK Industries Ltd., the manufacturer behind the JK Tyre and Vikrant brands, recorded a turnover of 6.52 billion rupees (≤83 million) between October and December 2005, a 30% increase over the corresponding quarter of the previous year.
Apollo Sets its Sights on Dunlop Zimbabwe
(Clacton, U.K./Tyres & Accessories) Life has been hard for Dunlop Zimbabwe in recent months. Now the company is being targeted for takeover by India’s Apollo Tyres, it has emerged.
2005 U.K. Car Registrations Down 5%
(Clacton, U.K./Tyres & Accessories) 2005 saw the U.K. car market record the sharpest registration decline amongst the EU15 countries.