Some of the top issues affecting the global tire industry today include: Price changes New mobility models Tariffs Developments in China’s tire industry Sustainability Management of change Our newest Annual report “” takes a deep dive into these critical subjects. Pricing and financial performance Our looks at the volatile history over the last 12 crazy
The second week of August was momentous for China’s tire industry. Not in a good way. First, India’s due to cheap imports of truck and bus radial (TBR) tires from China and the Indian government said it was likely to impose tariffs. Second, a preliminary investigation by the of the same products in Europe. This adds to
Apollo Tyres and its Vredestein unit are developing a new brand strategy and making structural changes to their European operations. Speaking exclusively to Tire Industry Research at the Geneva Motor show, Apollo CEO, Neeraj Kanwar said the company is changing its brand strategy. The change is driven partly by a drive to build OE contracts
Reliance India Ltd has opened a state-of-the-art Elastomers Customer Support Centre (ECSC) in India for users of elastomers in the tire and non-tire sectors. The unit is located at RIL’s Petrochemicals Complex in Vadodara. Reliance wants to become one of India’s top suppliers of rubber. The centre aims to offer technical support to its customers
India’s Rubber Board has published its Rubber Statistical News for February 2014, which covers the period up to November 2013. Statistics suggest a fall of 10.2% in the production of natural rubber to 524000 tonnes from April to November 2013 throughout India when compared with previous year’s result. During the same period, consumption of natural
Continental will launch its range of radial truck tires in the Indian market from 1 April. The company is already manufacturing HSR2 steer tire and the HDR2 drive tires at the former Modi Rubber factory in Modipuram. Continental will be providing a coach tire for a smoother ride along with stability and mileage. HSX2 and
Apollo Tyres has re-set its course in the wake of the collapse of the Cooper deal. The primary ambition remains getting into the top-10 global tire makers, but the tactics of how to get there have changed. TIRes head of research, David Shaw spoke to Apollo CEO, Neeraj Kanwar at the Geneva Auto Salon earlier
Stock markets have punished Apollo Tyres for its audacity in daring to seal the biggest overseas deal in India’s corporate history – the acquisition of US-based Cooper Tire and Rubber. The share price of Apollo has fallen by around one third since the deal was announced. I’m trying to work out if this is justified
Apollo Tyres is to buy Cooper Tire and Rubber. The cash purchase price is around USD2.5 billion (USD 2,500,000,000). That’s about 60 percent of annual sales. Quite a low price for this kind of deal. Apollo statement | Cooper statement My own view is that Apollo has done well to finally negotiate this one. I
“Ceat Ltd” says has updated its plans to build a tire factory in Bangladesh. The business will now be a joint venture with a local company. The factory will make cross-ply (bias-ply) tyres for trucks, light trucks and 2- and 3-wheel vehicles. Most of the output will be used in Bangladesh. About 20 percent will
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