HELSINKI (Reuters) – Finnish tire maker Nokian Tyres expects its new U.S. factory in Tennessee to help it double its sales in North America, especially by expanding its all-season tire sales in the region, the company said on Thursday. The company, which has previously concentrated mostly on winter tire sales in Russia and Europe, said the new facility would allow it to seek growth in the significantly larger all-season tire market in North America.
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MILAN — Pirelli C. & S.p.A. is planning to consolidate its operations in Brazil, with one possible plant closure in the offing and the commitment of $136 million in investments over the coming two years.
The “reorganization of production structure” would involve the transfer of motorcycle tire production to Pirelli’s plant in in Campinas, Sao Paulo — which currently manufactures car tires only — from its plant in Gravataí, Rio Grande do Sul, thus creating an industrial hub for car, moto and motorsport tires to serve the Latin American markets.
The move likely would result in the closing of the 43-year-old …
BERLIN/HAMBURG (Reuters) – German automotive suppliers Continental and Bosch do not expect a speedy recovery of the global auto market, as an escalating trade conflict between the United States and China threatens to compound already weak car demand. Automakers and their suppliers are grappling with a downturn in vehicle demand, particularly in China, the world’s largest car market, which saw sales slow down for the ninth month in a row in April.
Whether it’s Lucille Ball and Desi Arnaz traveling across the country in “The Long, Long Trailer” or Iggy Pop spending time at home with Mom and Dad, Americans love their campers.
Now the iconic symbol of middle-class success is gaining ground with a new audience: Millennials, who not only are traveling the country in them but renting the wheeled living quarters through Airbnb.
According to the Recreational Vehicle Industry Association, RV shipments saw their second-best year in 2018, with 483,672 units. Shipments were down only 4.1% from 2017’s record-setting year of 504,600 units.
Enhanced tyre performance, surging tyre production, and introduction of innovative products will fuel automotive tyre market growth. The market will grow steadily during the 2017-2022 period with the market estimated to be valued at almost $300 billion in 2019, says the latest report by Fact.MR. According to the report, the automotive tire market is projected to grow at 5.1% CAGR through 2022.
Brussels, 16th April 2019 – Today the European Tyre and Rubber Manufacturers’ Association (ETRMA) published its members’ sales for the 1 st quarter of 2019.
The overall industry sales declined slightly in Q1 2019. This pattern is similar to 2018, which saw low sales in Q1 and recovery in the following months. It remains uncertain whether the recovery in Q2 will balance out the decline registered in Q1.
ETRMA welcomes the very positive evolution for truck tyre replacement (+9%), reconfirming the 2018 full-year trend, and the positive trend in agricultural tyre sales. As for the moto and scooter tyre replacement sales, the positive trend observed during the Q4 of 2018 is reflected again in the 2019 Q1 sales.
RICHBURG, S.C. — As the new kid in the North American manufacturing neighborhood, Giti Tire Manufacturing (USA) Ltd. has ambitious plans to make its mark in the regional tire market.
Since the groundbreaking four years ago for its 1.7-million-sq.-ft. facility in Richburg, the subsidiary of Singapore-headquartered Giti Tire Group began producing tires in late 2017, hired more than 700 employees and has been ramping up production for new lines of tires.
“This facility is half of what we want,” said Hank Eisenga, vice president of manufacturing. “So our intent is to take and double this facility as quickly as we can.”
Munich, Germany — Goodyear has disclosed plans to invest $36 million to increase production of OTR tires and make process improvements at its factory in Colmar-Berg, Luxembourg.
Goodyear announced the investment during Bauma construction industry trade fair in Munich, where it’s an exhibitor.
“The demand for premium OTR tires continues to grow worldwide, ” said David Anckaert, vice president of Goodyear’s commercial tire business in Europe.
FAZENDA, Brazil—Sumitomo Rubber Industries’ Brazilian subsidiary has initiated production of truck and bus tires at its plant in Fazenda following a $133 million, three-year expansion project.