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
Last week, Nokian implicitly admitted that it rigged magazine tests of tires. In this column I want to look at how and why it might have done that and then look at some of the implications of the admission. Nokian admits rigging tests First, the facts as we know them. Finnish newspaper Kauppalehti last week
In the evening (US time) of 29 January, the US International Trade Commission (ITC) formally announced its decision to investigate allegations of dumping of China-made truck tires and a separate allegation of unfair subsidies. These could result in anti-dumping duties and countervailing duties respectively. Late last night in the US, the ITC posted a timetable
A survey by Tire World reveals the state of concern among China’s tire makers. 65% of respondents expect that ‘a large number’ of tire makers will cease operations in 2016. Around 31% said only a few would go bankrupt and just 4% said there would be very little restructuring and consolidation. Qualitative responses suggested that
Tianjin Hi-Tech Environmental Protection Technology Development Co., Ltd (天津海泰环保科技发展有限公司) claims to have capacity to recycle up to 6m tonnes annually of end-of-life tires. It operates 8 facilities and claims 47 patents as well as recognition by 8 Provincial and Ministerial authorities. It is setting up a pyrolysis scheme and hopes to profit through carbon trading
Just ahead of the New year, Wanli has moved its headquarters from Wanli Road, outside Guangzhou. It will move departments progressively to its new production base in Panyu during the year. Source: Panyu Daily Location of old headquarters
The heart of Shandong province – the area around Qingdao, Weifang and Yantai – has traditionally focussed on the three black industries: tire manufacture, machinery castings and machining graphite for electrodes. On a press trip, journalists were taken to see some of these industries, including Geruida Tire (青岛 的 格锐达 轮 胎股份有限公司), in which Cooper
In 2015, China imported a total of 278,000 tons of butadiene, worth $21.6m, and 29,000 tons in December, down 10.5%. Exports for 2015 amounted to 2864 tonnes, but none in December. Source: Tire World
China National Chemical Corp (ChemChina) is to acquire Syngenta, one of the world’s leading agrochemical companies and global seed industry leader through public tender offer of US$ 43 billion. ChemChina is in the final stages of buying Pirelli and last month announced its intention to buy Berstorff parent, Kraussmaffei. Source: ChemChina press release
In a speech to over 2000 staff, Triangle Chairman Ding Yuhua (丁玉华) said that the company can only succeed in its global development by sticking unswervingly to its strategic path. He said the country and Triangle as a company has entered a new standard business environment of substantially lower economic growth, where success will be
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