* Japan - Bridgestone forecasts net income up 63% in 2012
Kyobashi, Tokyo, Japan -AutomotiveWorld, by Colin Whitbread -February 17, 2012: -- Bridgestone has reported year-on-year revenue growth in Q4 2011 but modest declines in earnings from Q4 2010 and Q3 2011 levels...
* Brazil - Sumitomo Rubber to Establish Subsidiary in
Rio Grande,PAR,BRA -SRI (PR) -February 17, 2012: -- Sumitomo Rubber Industries has held the ground-breaking ceremony of its first tyre production factory in Central and South America. The ceremony was carried out on the construction site of the factory: Fazenda Rio Grande City, Parana State, Brazil... Total investment approx. 560 million real (350M U$S). And the production capacity planned: 15,000 tires/day...
* Indian tyre giant Ceat plans to open unit in Bangladesh
Mumbai,India -The Daily Star, by Sajjadur Rahman -February 22, 2012: -- Indian tyre giant Ceat has started work to set up a manufacturing plant in Bangladesh to cash in on the booming automotive industry... Ceat that makes different types of tyres for vehicles including big trucks, counter balance trucks, warehouse trucks, personal cars, motorcycles, and three-wheelers, announced last week that it has plans to invest Rs 250 crore (Tk 416 crore) to set up a plant in Bangladesh... Gazi Tyres and Apex Husain Tyre are two other major manufacturers in Bangladesh. They are investing crores of taka to increase their production capacities in an apparently growing market, especially for light commercial vehicles (LCV), which are generally minibuses and light trucks (3 tonnes)... Demand for tyres is rising fast as 10,000-12,000 buses and trucks are coming on the roads every year. Local manufacturers said demand for motor cycle tyres is booming -- 25,000-30,000 pieces a month. The price of tyres also quadrupled in the last decade as demand rose...Labels: tires makers news worldwide
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