Latest Analysis

We publish periodic stories about key developments in the tire industry – for free.

Kenda Announces Production Changes at Shareholder’s Meeting

According to Kenda and a report by the Taipei Times, Kenda Rubber Industrial Co is increasing its production capacity for car tires. The company announced at its annual share-holder’s meeting that it would increase its tire capacity by 50%  to 38,000 units a day by the end of this year. Kenda plans to raise its

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Lanxess Restructures Rubber Chemicals Plant Network

Lanxess is restructuring its plant network and portfolio for its Rubber Chemicals business unit. Two product lines will be ended and one factory closed. Production at two factories will be swapped to rationalise production Production of age inhibitors Vulkanox 3100 and Vulkanox DPPD will be stopped and the plant that creates them, the Isithebe site

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Yokohama Releases New OTR Tire Compound and Large-size Radial Tire

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

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Giti has Been Appointed as Official Tire Supplier for Nobuhiro “Monster” Tajima

Giti will be supplying tires for the Pikes Peak hill climb event. The Chinese company has been appointed as tire supplier for defending champion, Nobuhiro Monster Tajima. Giti will supply the tires for the teams’s 1,000 horsepower electric vehicle. The Pikes Peak International Hill Climb is the second oldest motor sports race in America. The

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Hankook UK selects DHL as 3PL logistics supplier for another 3-year contract

DHL has agreed to a three year contract to manage Hankook Tyres’ UK warehousing operations. The company has taken over responsibility for the receipt, check and stock replenishment for Hankook’s facilities in Daventry, Northamptonshire. Hankook’s market share in the UK has increased over the past few years, leading the company to alter its supply chain management. The

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IRCo Seeks Tenders for New Rubber Futures Market

Thailand, Indonesia and Malaysia have announced that they are seeking tenders to create a regional rubber market. These three countries currently produce 65% of the world’s natural rubber but do not have a futures market. They have had to rely on exchanges such as the Shanghai Future’s Exchange (SHFE), the Singapore Exchange (SGX) and the

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Has Apollo Tyres bitten off more than it can chew

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

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Apollo’s acquisition of Cooper demonstrates global vision

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

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World Rubber Summit another success

Although the theme of this year’s World Rubber Summit asked whether the road ahead is to be bleak or bright, perhaps a better theme might have been sustainability. This was the over-riding message to come out of this year’s high-level meeting in Singapore. Speaker after speaker referred to the need to move toward a more

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EU Tire Label questioned at tire conference

A conference in Berlin has crystallised an intense debate about the EU Tire Label. The event, organised by Marcus Evans Events took place on Tuesday and Wednesday this week (16, 17 April). It is still too early to say anything about the success or otherwise of the EU Tire Label. Early indications suggest that there

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