Apollo Greenfield Plant Gets Investment Help
The International Finance Corp. has agreed to partially finance Apollo Tyres’ new greenfield facility in India. On Apr. 22, the World Bank organization stated that, pending the consent of its board on May 26, it will furnish Apollo with a financial package of $60 million. Phase 1 of the plant, located in Oragadam near Chennai,
L&T, Mitsubishi May Form Heavy Tire Joint Venture
Engineering company Laursen & Toubro (L&T) and Japan-based Mitsibishi Heavy Industries (MHI) are reportedly planning to enter into a “heavy industrial tire” joint venture in India. According to reports in India’s Business Standard, L&T has “initiated discussions with MHI to form a joint venture that would manufacture a wide range of heavy industrial tires in
Continental Gearing Up for Growth in 2010
Just as it takes a steady hand to navigate the waters of the Caribbean, Continental Tire the Americas is taking the same approach to its near-term efforts in the North American market. No major changes, no major announcements, just subtle adjustments and the addition of two new tires highlighted its Gold Program Dealer Meeting, held
Yokohama Grants Auto Company Egyptian Distribution Rights
Egypt’s Ghabbour Auto SAE, the country’s largest vehicle manufacturer and distributor of several imported automotive brands, has entered into an agreement with Yokohama Rubber to sell its passenger car, light commercial vehicle, truck, bus and construction equipment tires in Egypt through its own outlets as well as via a dealership network that gives it a
With GPX Purchase Done, Alliance Chief Touting Company’s New Strengths
Yogesh Mahansaria, group CEO of Alliance Tire Group, based in Thane, India, is rare among his tiremaker CEO brethren. This is Mahansaria’s second go-round as head of a major tiremaker, having once been CEO of India’s Balkrishna Tyre. At Balkrishna, where he was a partner with his father, Mahansaria helped turn the tiny bicycle and
Alliance Expands Ag Tire Line-up
Alliance Tire has released a pair of new products into its agricultural range. The company is already well-known for its flotation tires, including the 380 series. Alliance also produces the 380 Heavy Duty, a tire it says incorporates the existing tire’s known characteristics, including a fabric casing reinforced by steel belts, yet modified to make
New Bridgestone OTR Plant in Japan Up and Running
Bridgestone Corp. has begun mass-producing large OTR tires at its new plant in Kitakyushu, Japan. The production start-up came three months earlier than scheduled., Bridgestone said, and comes in response to heavy global demand for OTR radials used at construction and mining sites. Bridgestone is investing about 58 billion yen to expand daily output capacity
Details on NHTSA’s Semi-Final Fuel Efficiency Testing, Labeling Regs
More than two years after Congress passed the Energy Bill of 2007, which called for a national tire fuel efficiency testing, labeling and consumer education program, NHTSA finally issued its final regulations last week. Well, sort of. The agency admitted in its final rule still needed work, particularly in its plans for a consumer education
Triangle Warns of Unauthorized Exporters
China’s Triangle Group reports that a number of individuals and companies have recently falsely represented themselves as authorized Triangle tire dealers, in an attempt, says Triangle, to cheat foreign customers in the distribution of Triangle tires via the Internet to international markets. The Triangle Group says it has received complaints from export market customers regarding
New Line Haul Drive Radial From Hankook
Hankook Tire America said it is continuing to expand its footprint in the commercial tire market by introducing its next generation line-haul drive tire, the DL07, at the 2010 Mid-America Trucking Show. Engineered with Hankook’s latest technology, the DL07 is developed with an aggressive block pattern and delivers superior traction and performance for line-haul applications