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WORLD NEWS
Malaysia Will Act on Illegal Retreads
Thailand Transforms into ASEAN Aircraft Tyre Hub
Malaysian Transport Minister Datuk Seri Liow Tiong Lai
Stern action will be taken against manufacturers producing unapproved retreaded tyres, says Malaysian Transport Minister Datuk Seri Liow Tiong Lai.
Although retreaded tyres are allowed to be sold in the market, he said they must meet the standard and specifications set by the Government. “We cannot compromise when it comes to people’s lives,” he stated. Noting that some accidents were caused by tyre defects, Liow said that his ministry and the Domestic Trade, Cooperatives and Consumerism
Ministry were monitoring the situation and would act against those who made unapproved retreaded tyres.
The Government had put in much effort to make Malaysian roads safe, he said after attending a Chinese New Year open house hosted by Genting
Group chairman and chief executive Tan Sri Lim Kok Thay recently.
At the event, Liow witnessed the handing over of contributions from the international casino operator to 25 charitable bodies.
Each organisation received a donation of RM10,000. Liow commended the company for its efforts in creating a caring society.
“The Government will continue to strive for excellence for Malaysia,” he said.
Source: The Star
The Thailand Board of Investment is playing a significant role in helping grow and expand Thailand’s rubber industry and drive major investments to the country.
In 2016 the Thailand Board of Investments announced more than $312 million USD in investments from global tyre and rubber companies. Investments from companies like Bridgestone Corporation, Goodyear Thailand and Shandong Linglong Tire Company, are helping transform the country into an ASEAN hub for aircraft tyre production.
“Recent investments by the Thai government in its rubber/tyre industry, a plentiful source of raw materials, a skilled workforce and competitive tax incentives is helping attract tyre and rubber companies to Thailand,” said Ms. Korbsiri Iamsuri, Director of Thailand Board of Investment New York Office. “The establishment of new plants is expected to further contribute to Thailand’s economic and industrial development.”
The 2016 tyre company investment announcements bodes well for the Thai government which aims to upgrade the country’s rubber industry and increase rubber prices. Investments planned include the following:
• Bridgestone Corporation will be constructing two new manufacturing plants, one to produce new aircraft tyres, and a second plant to produce retread aircraft tyres. The total investment will be approximately JPY15.0 billion (USD 150 million), and both plants are scheduled to start
production in December 2019. • Goodyear Thailand plans to
invest $162 million to build a new radial aviation tyre factor y and expand production at its Phathumthani plant. The first phase of its three-phase expansion is targeted to begin operations by 2018.
• After setting up a $700 million tyre manufacturing plant in Thailand in 2012, Shandong Linglong Tire Co, said it will expand its investment in the country, and establish a tyre-testing centre and rubber-compound manufacturing plant.
BOI has implemented an investment attraction policy that enables aircraft tire production companies, establishing operations in Thailand, to benefit from exemption of corporate income tax for 8 years, plus exemption of import duties on machinery, raw materials for use in production for export, and other non-tax incentives.
“Our objective is to create world- class industr y ecosystems that will enable both Thai and foreign operated companies to be even more successful while operating in Thailand, “said Ms. Iamsuri, “Our goal is to ensure that Thailand is an optimal operating environment for business and ASEAN headquarters for foreign companies.”
The R&D unit for tyres is a top priority for the government because it aims to upgrade the country’s rubber industr y and increase rubber prices,” said Suthon Nikomkate, Director of the Thai Industrial Standards Institute (TISI).
Marangoni Appoints Two New Partners in Turkey
Marangoni Retreading Systems has announced the appointment of two new Turkish dealers and retreaders to its network. Basoglu and Dirkap are two leading companies operating successfully in the Turkish market, efficiently covering their respective geographical areas.
The retreader Basoglu is based in Devrek/Zonguldak, in northern Turkey and supplies a number of large modern fleets with both new tyres and retreads. Recently, thanks to the Ringtread Blackline range of pre-cured treads, the company has been successfully supplying several important international long haulage fleets. Dirkap is based in the Capadocia
Region (central Turkey) where, thanks to the high level of quality of its retreaded tyres, it is a key supplier for those fleets seeking reliable and high-performing retreads in order to effectively cut down the total cost of ownership of their operations.
Dirkap has known Marangoni for a long time, but only recently decided to use the wide flat tread range offered by the company. Both new partners recently visited Italy to see the two Marangoni plants in Ferentino and Rovereto, in order to better understand the quality of the products sourced and to see the latest technologies available in retreading.
Eastern Treads Land Dual Tenders
Eastern Treads (ETL) has announced that it has recently received a substantial business order.
The company has won the tender for the supply of tyre retreading materials to Karnataka State Road Transport Corporation and Rajasthan State Road Transport Corporation.
The order involves the supply of 200 tons and 90 tons respectively of tyre retreading materials to meet 6 months tyre retreading requirements.
ETL is transitioning from a tread rubber manufacturer to a leading enabler of tyre retreading
ecosystems in India. For retread partners, ETL enables access to high quality tread rubber supply and world-class retreading equipment with low capital deployment. ETL is looking to create a structured system for training and developing a sustainable workforce for the retreading industr y.
Eastern Treads deals in the manufacturing and marketing of tread rubber and rubber-based adhesives and retreading services. It manufactures precured tread rubber, cushion/bonding gum, black vulcanising cement, rubber compounds and tyre repair patches.
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Retreading Business