The European Tyre and Rubber manufacturers association published today figures concerning its members’ sales in 2012. After two consecutive positive years – in which the total market expanded despite a decrease of European producers’ market share – the EU producers’ figures dropped in 2012, confirming that the economic crisis is far from being over.
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Conti LifeCycle expands in the US
Continental Tire Americas’s Commercial Vehicle Tyre Business Unit has expanded its ContiLifeCycle footprint to the west coast of the US with a new licensee. Rovince International Corp. in Compton, California, is the latest retreader to adopt the ContiLifeCycle process.
Continental exceeds 2012 sales
In the past fiscal year, Germany-based automotive supplier Continental again exceeded its targets and despite slumping automotive markets in Europe, the firm boosted its 2012 sales by more than 7% to approximately EUR32.7 billion.
Apollo sets up R&D in Europe
Indian tyre maker Apollo Tyres has opened an R&D centre in Enschede, the Netherlands, which will serve as a hub for the development and testing of car and van tyres for its Apollo, Vredestein and Dunlop brands. The Apollo Tyres Global R&D will start operations with more than 100 people from various parts of the world, including 20 car tyre specialists from India and South Africa. It will later be scaled-up to nearly 150 people.
Top Glove scouting for plantations in Africa
Malaysian glove maker Top Glove has included Africa as a new growth frontier and is scouting for rubber plantations in a number of countries there.
Singapore and US firms eyeing Alliance Tire
Alliance Tire expects multi-million sales in 2012; owns two manufacturing plants, and has a sales presence in more than 120 countries.
Bridgestone to reintroduce Dayton tyres
Shelved in 2011, the tyre line is making a comeback due to commercial market demand as well as renewed interest from drivers, small fleets and managers alike.
Vietnam’s rubber output jumps 23.8%
However, the annual earnings of US$2.85 billion were down 12.6% on the previous year due to a drop in value.
Royal Tire to take over Midstates Tire
MINNESOTA-based Royal Tire has announced that it will acquire Midstates Tire and Retreading. The acquisition will include a 15,000-sq ft building, an additional 20 workers who will begin working under the Royal Tire group, and the only Bandag commercial tyre…
Bridgestone’s China plant to move to new site
BRIDGESTONE Corporation’s subsidiary in China, Bridgestone (Shenyang) Tire Co., Ltd. (Shenyang Plant) in Liaoning Province will be relocating to a 395,000 square metre site within the Shenyang Chemical Industry Park. Total investment for the relocation of the truck and bus…