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Apollo Tyres launches India’s largest loader tyre
In 2014, Apollo Tyres launched the fullest range of loader tires in India in its history The 12th International Mining Machinery Exhibition (IMME) of the year was held in Kolkata case. The company also launched its second product at the same event, the ALT 188 TX tire with the industry’s first traction tread design. The AWL 822 is made from 1,300 kg of rubber, 700,2000 kg of carbon black and silicon dioxide By kg of nylon fabric. Other rubber additives 300 kg. Size 45/65-45 L5 tires are equipped with gravel injectors for protection and trouble-free maintenance. The special tread design has side protection for increased resistance to the shoulder and sidewalls. The company also introduced its second ALT product, the 188 TX tire, at the same event. The tire features a traction tread design with a beveled cord fabric construction section for use in mud and slush conditions. The use of customized tread rubber provides excellent performance in a variety of mining conditio...
CherylTemple
66
May 29, 2024
Ceat to make 2-wheeler tyres, to invest Rs 1,200 crore in new unit
NAGPUR: Groundbreaking for first two-wheeler tire plant Ceat today said it will invest 120 over the next four years Rs 3,000 crore per month to build a production capacity of Rs 10,000 million tires. RPG So far, the group has outsourced two-wheelers, supplied tires to a company in Hyderabad and has decided to start its own production at the suburban Putibori Greenfield plant. Anant Goenka, Managing Director, Ceat The construction of the plant will be carried out in three phases, with the first phase expected to come on stream in April 2016 with a capacity of 1.2 million tires per month. The company plans to invest 40 billion won in the first phase. Maharashtra Chief Minister Devendra Fadnavis laid the foundation stone. Goenka told reporters that apart from investing in Butibori, the company has also invested in Halol plant (Rs 65 crore) and Bangladesh plant (Rs 30 crore) to increase production capacity. Goenka said that once all three phases are completed, the Nagpur plan...
AbrahamGregory
47
May 29, 2024
Why Michelin’s Jean-Dominique Senard would be happy to sell fewer tyres
In 1900, two brothers, Andr Michelin and Edouard Michelin, created the Hotel and Restaurant Guide to give French drivers a place to go. At the time, there were fewer than 30,000 cars in France. The Michelin brothers thought that the restaurant guide would increase the use of cars and thus the tires produced by the company. This turned out to be quite accurate. The Michelin Guide has grown into a powerful organization that provides Oscar star ratings for chefs and restaurants around the world. At the same time, the 135-year-old tire company itself has moved into the fast lane, with annual sales of 20 billion euros, ranking second in the global tire lottery behind Japan’s Bridgestone. Michelin is still as forward-looking as it was when it launched its restaurant guide, but this time it is on a mission to reduce the use of tires, not increase it. CEO Jean-Dominique Senard is committed to driving the company down the path of sustainable transportation. If that means fewer pri...
YaleChilde
56
May 29, 2024
Vishnu clinches JK Tyre Racing Championship
Greater Noida: Vishnu Prasad won the JK Tire Racing Championship for the second consecutive year today after winning it twice. Prasad went over 104de by 104de. The score ended behind Akhil Rabindra (88) and Shanmugam (55) points). The final day of the tournament started with the second race from JK Racing (formerly India Series (formerly India Series) Formula). Due to the less than ideal track, the race started with the world’s most powerful car safety car. The winner was eliminated for using slick tires. As the cars lined up on the starting grid, all eyes were on title contenders Vishnu on and Akhil Rabindra, except for Arman Ebrahim. Armaan Ebrahim started the race from the end as a guest driver. As the safety car rolled into the pits, the leading duo moved away from the rest of the field and Ebrahim began to work his way up behind the chasers. A few laps into the race, Prasad passed Rabindra to take a decisive lead. Meanwhile, Ibrahim worked elsewhere on the course fo...
FelixConrad
59
May 29, 2024
TVS Tyres to invest Rs 150 crore in Tamil Nadu, Uttarakhand plants
Chennai: TVS Tyres today announced an investment of around 1,515 In order to increase the capacity of its two plants in Tamil Nadu and Uttarakhand, the Rs. 100 crore target is to add more tires to its production line by December 2015 year. The number of tires is 3 million. P Vijayaraghavan, Director, TVS Tyres, told reporters that the production at the Madurai (Tamil Nadu) and Rudrapur (Uttarakhand) plants will be increased to 2.3 lakh units from 2 lakh units per month. “2014-15 During this period, we have increased our production from 1.7 lakh units per month starting from 1.7 lakh units to 2.0 lakh units per month. Currently, we have invested around 155 sets. crore in capital expenditure to increase the total capacity to 23 million sets per month by 2015 year 12. of tires. It has been increased to 1 million.” Said. Both internal funds and loans will be the source of capital expenditure, he said. Commenting on the company’s audited financial results for ...
DonaldElsie
57
May 29, 2024
Rubber growers say they’ll boycott tyre companies
KOCHI: Rubber growers have threatened to boycott tire manufacturers unless they buy rubber from the local market at the same price as imports. The Rubber Growers Association of India said that just as the tire industry ignores the domestic industry in order to buy cheaper rubber, growers may also consider importing tires to supply the local market. The statement came as Kerala Chief Minister Oommen Chandy called a meeting of rubber industry stakeholders to discuss the industry crisis. The southern state is India’s largest producer of latex. According to the association, the CIF cost of imported rubber is Rs 135-140 per kilogram, while the domestic price is around Rs 114 per kilogram. Siby Monippally, general secretary of the association, said that all tire companies are making huge profits. He added, “It is high time that these companies support Indian farmers by buying from the domestic market.” The association criticized the tire industry for taking advantag...
GeoffreySteele
42
May 29, 2024
Kesoram Industries puts Birla Tyre on the block; appoints BofA-ML for sale process
It’s Eastern time. Mumbai: A major restructuring exercise has begun at BK Birla Kesoram’s Kesoram Industries, which will pave the way for Kumarrr Mangalam Birla’s acquisition of the creative agency. Sources close to the matter said that Kesoram Industries has decided to exit the tire business and entrust the sales process to Bofa-ML. The deal is still at an early stage and experts say the price of Birla replacement tires could be close to Rs 1, 500 crore higher than the current market capitalization of parent company Kesoram Industries. Sources said that Kesoram Industries is carrying a huge debt of more than Rs 4, 50,000 crore and the sale of Birla Tire will help reduce the debt burden of the company. An expert said, “The tire sector has been attracting investor interest and now is the best time for Birla to sell its tire manufacturing assets.” BK Birla operates four business units-tires, cement, rayon and heavy chemicals. The tire business ac...
BurkeHill
58
May 29, 2024
Apollo Tyres appoint Martha Desmond as Chief of Human Resources
NEW DELHI: Apollo Tyres today announced the appointment of Martha Desmond as the company’s Chief Human Resources Officer (CHRO), effective immediately. Desmond, who will be based in the London office, replaces Tapan Mitra, the retiring director of human resources. In a statement, Apollo Tyres said, “In addition to being a member of the company’s management committee, she will be responsible for all aspects of the company’s human resources.”
BerniceSmith
48
May 29, 2024
Dunlop to continue as tyre supplier for Moto2 and Moto3
In a recent statement, commercial rights holder Dorna insisted that Dunlop will remain the official tire supplier for the 2015 Moto2 and Moto3 championships. The press release did not disclose the official duration of the contract, but said that the American tire maker will continue the deal from the beginning of 2015. Serracanta, Managing Director Commercial, /p Dorna Sports Pauu, said: “We are delighted to continue working with an experienced company such as Dunlop. Since the birth of the individual category, the company has been developing in the field of Moto2o2o and Moto3 Marc Marquez (Marc Marquez) The rider who won the two top world championships paved the way to MotoGP. We were the official tire supplier at the start of the 2010 and 2012 Moto2 and Moto3 championships, respectively. In fact, prior to that, Dunlop had supplied tires for almost all 250cc and 125cc circuits. In addition to tires, Hondada has also been used for the Championship Control engines since ...
BradleyGarcia
55
May 29, 2024
Cheaper rubber pushes tyre companies like MRF, CEAT and Apollo to slash prices upto 4%
MUMBAI: Indian tire makers who have been sticking to the “price rule” in recent years seem to have finally softened up. Last month, for the first time in a year and a half, tire companies cut prices by 4% across all categories. The price cuts were even greater in the bias (nylon) tire segment. They have resisted price cuts even though the price of their main raw material, natural rubber, fell by half last year. Banerjee, Managing Director, Arnab “Falling prices of key raw materials such as rubber and crude oil have put increasing pressure on team operators to reduce the prices of their products, which has played a key role in the recent price adjustments.” Operations, CEAT. According to industry sources, MRF, CEAT, Apollo Tire and other tire companies have announced price cuts. MRF reduced its commercial tire prices by 1-2%, while Apollo Tires reduced prices of various tires by 2-3%. JK Tires reduced its prices by 1-2% in its truck and tractor se...
LesterDierser
57
May 29, 2024
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