Trelleborg to close HQ tire plant
TRELLEBORG, Sweden-Trelleborg A.B. will phase out tire production at its headquarters plant in Trelleborg by year-end.
The company said its decision is based on declining demand for bias-ply farm and forestry tires, which make up the Trelleborg plant's entire capacity, and increasing competition from low-cost countries.
The facility makes about 4,000 metric tons of tires annually, which represents about half the company's annual production of bias-ply farm and forestry tires. Much of the remainder comes from subcontracted suppliers, Trelleborg said, which likely would pick up some of the phased-out production throughout 2005.
Watts to make solid tires for Conti
LYDNEY, England-Watts Industrial Tyres P.L.C., a major European maker of industrial tires, has agreed to make solid tires for Continental A.G. at a joint venture plant in Sri Lanka to support Conti's push into the North American and Asian markets.
Watts has been sourcing tires from the Sri Lankan unit, Eu-Retec (Pvt) Ltd., for several years and earlier this year acquired half the equity in Eu-Retec.
Watts makes solid tires using both rubber and polyurethane, as well as pneumatic tires, together with wheels, for industrial uses.
Russia's Amtel buying Vredestein
MOSCOW-Russia's Amtel Holding Co., majority owner of three tire plants in Russia and one in Ukraine, is negotiating to buy the tire activities of Holland's Vredestein N.V. rubber products company.
Amtel expects the deal, for which no value has been released, to close in March, according to analysts who follow the company.
Enschede, Netherlands-based Vredestein Banden would continue to focus on high- and ultra-high performance car tires and radial agricultural tires, Amtel said. Amtel is keen to improve its sales position in Russia's high-performance and premium sectors, where imported tires dominate, and therefore wants an import brand name to sell in Russia, Vredestein said.
Vredestein is represented in North America by Vredestein Tyres North America in Metuchen, N.J.