Koetz: Continental still focused on expansion

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Frankfurt, Germany – Continental Corp. is continuing to expand its tire business into new regions despite current market challenges, according to Christian Koetz, head of the tire division and corporate purchasing.

As part of the Vision 2025, the German Tier 1 has been expanding its global footprint, and in its latest move, the tire maker is set to start production of truck tires in Bolton, Mississippi, later this year.

Read the source article at European Rubber Journal

Tire Rack tabs Vredestein Quatrac Pro as top grand touring all-season tire

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SOUTH BEND, Ind. — Apollo Tyres Ltd.’s Vredestein Quatrac Pro was ranked as the top grand touring all-season tire in a test conducted recently by Tire Rack Inc.

Read the source article at Tire Business

Serbia to become PCLT tyre production hub

When Toyo recently announced its intention to build a new tyre plant in Serbia it consolidated the country’s position as the leading location for new passenger car and light truck (PCLT) tyre manufacturing capacity in Europe. Toyo’s proposal follows Linglong’s decision to build its new European plant in the country and Cooper Tire’s plan to double the size of its facility there .

Read the source article at Tyrepress

Toyo’s global goals include market-share growth in North America

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HYOGO, Japan — Toyo Tire Corp.’s decision to build a tire plant in Europe will play a pivotal role in the firm’s growth strategy for the next four years, plans that call for raising the company’s global production capacity by 8 million units a year and improving its market-share position in North America.

Read the source article at Tire Business

Nexen Tire Unveils Its New Europe Plant in Czech Republic

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The ceremony was held on August 28 under the slogan “The New Wave for the Future”, ushering in the new era of Global Nexen.

Travis Kang, the Global CEO of Nexen Tire, Petr Ocko, Deputy Minister of Industry and Trade of the Czech Republic, Oldrich Bubenicek, Governor of the Usti nad Labem Region, Zdenka Hamousova, Mayor of Zatec, Moon Seoung-hyun, Korean Ambassador to the Czech Republic, core OE and RE figures, business partners, local press, construction staff and employees, were among the more than 300 guests who attended the event. The completion of the company’s four major R&D …

Read the source article at Autosphere.ca

Pirelli P Zero Named Best Performance Tire

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Pirelli recently announced that its P Zero tire has been the best ultra-high performance tire by Evo magazine.

Evo, an international publication for car enthusiasts worldwide, was founded in 1998. The slogan of the magazine is “the thrill of driving”.

Read the source article at Autosphere.ca

GfK: Summer tire sales rise 14% in 2019

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NEW YORK — Summer tire sales from independent tire dealers increased 14% in the first half of 2019, compared to the same period in 2018, according to point-of-sale data from research and analytics firm GfK.

“With 1.8 million units sold, summer tires have accounted for $291 million in revenue so far this year,” GfK said in an Aug. 27 release.

 

Read the source article at Tire Business

Shifting expectations drive off-road innovation

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It’s no secret that consumer preferences are evolving, and their expectations for companies, brands and products are higher than ever.

This is increasingly true in the tire industry, as more consumers seek tires that meet multiple performance needs without tradeoffs. … 

…As the off-road consumer tire segment continues to grow, function is only one part of the equation. Aesthetics also matter.

Read the source article at Tire Business

BKT suspends plan for U.S. factory

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MAHARASHTRA, India—Off-highway tire manufacturer Balkrishna Industries is suspending its plans for a U.S. tire factory, citing business uncertainties related to difficult macroeconomics and volatile climate conditions.

Read the source article at Rubber and Plastics News

Chinese tire makers brace for the new normal

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Beijing – China’s tire production and sales volume recorded the first drop over two decades in 2018, against the backdrop of the first global downturn for the automotive industry in the past ten years.

The first two months of 2019 saw an even sharper year-on-year decline in the China market, said Shen Jinrong, chairman and general manager of Zhongce Rubber, during her speech at the China Rubber Conference held in Guangzhou this March.

Read the source article at European Rubber Journal