In the previous article, I addressed how the international tire makers’ profitability in China might be threatened by greater availability of consumer data on tires. This article looks at the situation of China’s tire makers and how that might change in the coming decade or so. Falling prices China’s tire industry is probably the most
I’ve spent a lot of time talking to people in China these last couple of months, and the mood is not happy. First, they are dealing with a downturn in the domestic truck market; second there is the issue of widespread tariffs against Chinese-made tires and third the question of land prices. The prospect of
In what promises to trigger the biggest shake-out of tire manufacture in recent years, China’s Ministry of Industry and Information Technology has issued a draft document on the tire industry access conditions. It is seeking comment by 15 June. The Chinese language announcement can be accessed on the MIIT website: The announcement links to a
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
A large-size radial tire for dump trucks in the construction and mining field has officially been released by Yokohama. The new tire is a 27.00R49 size model of its “RB42.” The tire is suitable for a wide range of off the road (OTR) surfaces. Yokohama has used an exclusive tread compound, recently developed for large-size
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
R&D staff at tire makers around the world are over-loaded. This was one of the messages coming out of the Tire Technology event held this week in Cologne. The pressure of work from new product launches; labelling requirements and re-formulating is restricting tire makers’ ability to work with suppliers on new developments. If suppliers want
Michelin has opened the first phase of its new factory in Shenyang, China. The project is huge. Total investment is scheduled to be US$1500 million (1,500,000,000). It will make many kinds of tire, including the cars tires, light truck tires, truck and bus tires. Total capacity will be 12 million units/year. This is projected to
Cabot Corp is receiving royalties from Michelin. The revenues come from an exclusive licence to Michelin for Cabot’s liquid mixing technology. Cabot sells the technology into the non-tire sector as Transfinity. Cabot’s main product is carbon black. The licence covers all tire-related applications for the technology. The licence permits Michelin to build and operate factories
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