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Global Tire Intelligence Report Global Tire Intelligence report Dateline: 30 June 2017 Compiled by Shaw Information Services trading as Opinion & commentaries: News & analysis Tire Industry Research © 2017 Shaw Information Services Ltd Section 1: Investments and closures 12 Section 2: People 16 For subscription enquiries Section 3: Legislation and g’ment 17 [email protected] Section 4: New business models 20 +44 208 647 1185 Brand Value Over Time 8 7 6 Section 5: Statistics 22 5 4 3 www.TireIndustryResearch.com Brand value (US$bn) 2 Section 6: Perspective 25 1 0 2011 2012 2013 2014 2015 2016 2017 Brand Finance Section 7: Raw Materials 27 Section 8: Company results 29 Section 9: Company information 30 Section 10: What’s Green 33 About this publication This document has been prepared in response to demands from the global tire community for insight into all aspects of the global tire industry value chain. a strong need in China for a source of information on the global During conversations with many Chinese people, we identified- ment channels. tire industry that lies outside of the official Chinese govern The newsletter contains information about the global tire Furthermore, in conversations with industry analysts, we industry. The information is provided in good faith, but it is not advice, and should not be treated as such. analyses key developments in the global tire industry. identified a need for a regular publication that explains and Without prejudice to the generality of the foregoing About the author. This report is compiled by David Shaw. Mr paragraphs, we do not represent, warrant, undertake or Shaw publishes widely on LinkedIn about the tire industry. He guarantee that the information in the newsletter is correct, has a 30-year track record reporting on the global tire industry accurate, complete or non-misleading. at the highest levels. He publishes market research reports; We will not be liable to you in respect of any special, indi- offers a weekly news service and manages conferences globally. rect or consequential loss or damage. For more information see Http://TireIndustryResearch.com Page 1 of 34 — 30 June 2017 © 2017 Shaw Information Services Ltd About this publication 1 Belle Tire hires chief marketing officer 16 Aamal introduces home tire changing service 21 Omsk Carbon spring audit results a success 29 Alliance Tire announces new V-P of Marketing 16 PeopleNet adds Conti as integration partner 22 Asahi Rubber reports higher sales for year 29 Top global tire makers 3 Yokohama names director of supply chain 16 Trucking becoming more digitised 22 Toyo releases financial fact book 2016 29 World’s most valuable tire brands 4 Magna Tyres appoints new sales manager 16 Stamford Tyres sees jump in full-year net profit 29 Section 5: Statistics 22 Tire prices 5 Continental hires two field engineers 16 CMA name VP, marketing and operations 16 Global passenger car market continues to rise 22 Section 9: Company information 30 Tire recycling 7 German passenger car market grows in May 22 Bridgestone and FirstGroup in global deal 30 Section 3: Legislation and government 17 Michelin publishes market trends for May 2017 22 Bridgestone US to increase tire prices 30 Kumho update 10 NZ minister announces tire disposal plan 17 EU’s CV demand up 9% May and 5% in 5 months 23 Bridgestone EU announces price increases 30 New Zealand tire plan potentially irresponsible 17 EU passenger car registrations up 7.6% in May 23 Bridgestone releases 2016 sustainability report 30 China update - June 11 Ireland introduces new levy on truck tires 17 European car sales forecast revised upward 23 BT to supply Bridgestone with cloud services 30 Section 1: Investments and closures 12 SA tire makers seek to replace bankrupt Redisa 17 Sales of light truck, LT tires increasing in the US 24 Bridgestone supplies tires for Solar Challenge 30 Redisa alleged money laundering 17 W. European trailer market forecast upgraded 24 Supplier hits Bridgestone Hungary with penalty 30 Bridgestone invests in ClearMotion 12 S Africa’s waste tire plan goes into liquidation 17 ANRPC scales down 2017 NR supply estimate 24 Michelin to reduce future plant cost by 30% 30 Chinese firm to build €500mn tire plant in Serbia 12 Redisa goes bankrupt 17 ANRPC releases May issue of NR trends report 24 Michelin announces global reorganisation 30 Triangle to increase capacity by 20% 12 OSHA investigates death at Goodyear Kansas 17 Indian rubber statistics for January 2017 24 Michelin introduces VISION concept tire 31 Black Donuts to launch Davao plant study soon 12 OSHA cites Goodyear over Kansas worker death 17 India sees huge increase in NR production 24 Michelin’s relationship with its suppliers 31 Michelin invests £16.5 million in Dundee plant 12 SA Tribunal dismisses tire makers’ complaints 17 Malaysian rubber production decreases 39.2% 24 Michelin launches Force SUV tires in India 31 Michelin to invest €33 million in Romania plant 12 ATMA seeks policy changes to boost tire exports 17 Indian auto industry grows 24 Goodyear Aviation shows radials in Paris 31 Michelin inaugurates R&D centre in India 12 Australia heavy truck accident report released 18 Wolverhampton factory to be demolished 31 Nokian’s US plant to be world’s most modern 13 Most Indonesian car tires are in a poor state 18 Section 6: Perspective 25 Conti releases range of tire pressure checkers 31 Nokian to begin US plant construction this Aug 13 Guyana’s used tire laws to be enforced from ‘18 18 Graphene oxide makes rubber stronger 25 Conti, ADAC launch Safe Driving competition 31 Michelin to acquire Telematics firm, NexTraq 13 Ghana’s NRSC to enforce tire laws 18 An overview of LRRT tires 25 Continental MD says Japan can be challenging 31 Goodyear to bring SLP plant on stream in July 13 Texas perplexed over scrap tire bill veto 18 What drives US tire purchasing decisions? 25 Continental actively committed to Vision Zero 31 Hankook increases tire production, hiring 13 Edelweiss withdraws liquidation plea for Falcon 18 Hankook announces road trip trends 25 Continental announces US price increases 31 Vanlead to build tire plant in South Carolina 13 Iranian tire makers hit by Chinese imports 18 Tractor owners in India concerned by tire wear 26 Sumitomo issues recall 31 Chinese co. to build $250m Moroccan tire plant 13 Indonesia struggles to deal with illegal mining 18 Indian tire prices rise 10% on raw material costs 26 Hankook moves European HQ 32 Kenda launches Taiwan plant 13 Thailand to help stabilise rubber prices 18 India’s ten best and largest tire manufacturers 26 Ohtsu Tyres returns to Australia 32 Liberty Hall acquires Dunlop Aircraft Tyres 13 Malaysia’s rubber road technique a world first 18 Tire maintenance in summer 26 Pirelli secures new OE contracts 32 Pyramids Tires to build tire plant in Port Said 14 Chinese firm sues former scientist’s daughter 18 The expectations fleets have for their tires 26 Pirelli to list on Milan stock exchange on Oct 4 32 Tanzania considers reviving defunct tire factory 14 China launches SM probe 18 TyreSafe to hold Tyre Safety Month Briefing 26 ZC Rubber, Bekaert in strategic cooperation 32 Sumitomo proposes Tonawanda expansion 14 Malaysians told to pay attention to tires 19 Mining truck tire explodes under high current 26 Prometeon COO discusses company’s future 32 Akron firm to build military runflat tire factory 14 Korea imported tire sales increase 42% 19 India’s tire industry can take lead in job creation 26 Hankook seeks out non-tire business 32 Conti opens first retread plant in Gloucester BC 14 US decision on steel imports expected soon 19 Belshina to supply tires for BelGee 32 Pirelli dealer invests in Sharjah logistics hub 14 Section 7: Raw Materials 27 India tax inadvertently overprices tractor tires 19 GITI’s US plant wins OE fitment on Passat 32 Alserkal breaks ground on Dubai warehouse 14 Price stabilisation tops ANRPC agenda 27 28% tax on cart tires “unfair”, say tire makers 19 Toyo’s Malaysia plant has made 10 million units 33 Continental to use Henn design for new HQ 14 Commerzbank calls NR price slump excessive 27 Survey reveals replacement tire buying trends 19 Kenda issues recall 33 Millbrook to expand Test World site in Finland 14 No more plantations in Vietnam’s highlands 27 EPA issues revised chemical rules 19 King’s Tire Wholesale to distribute for Sentury 33 Castleton announces stake in Delta-Energy 14 CEVA and Goodpack to improve tire logistics 27 Bridgestone wins IP lawsuit against Wanli 19 Birla releases sustainability report for 2017 33 Michelin to acquire outstanding shares of SIPH 14 SGX to change SICOM rubber derivatives 27 Thai rubber farmers call for Article 44 19 Potential chemical spill at WNY Industrial Tire 33 Smithers Rapra breaks ground on Ravenna lab 15 Trinseo celebrates 80th SR anniversary 27 Ceat hopes to lead two-wheeler tire market 33 Kemya’s KSA carbon black plant now onstream 15 JSR positions S-SBR as main revenue driver 27 Section 4: New business models 20 Continental announces partnership with MOL 33 Bekaert and ArcelorMittal close Sumaré deal 15 India rubber production up 9% in May 27 Risks of automated road freight 20 Continental to raise truck tire prices 33 Lion completes East West copolymer purchase 15 US Butadiene prices continue to fall 27 Michelin solutions partners with DS Smith 20 Bridgestone announces price increases 33 Trinseo to acquire TPE processor, API 15 Continental announces 2025AD.cn 20 US BD contracts fall further in July 27 Jiangyin Haida to buy stake in aluminium firm 15 Conti integrating systems for BMW, Intel, Mobileye
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