News from Notch Consulting, Inc.

May 19, 2010

Email Notice — Switching Servers

Filed under: General — Notch @ 5:20 pm

We are in the process of doing maintenance and switching servers at the Notch Consulting website, so if your email is not delivered please try again in a day or two. We should be back up and running by tomorrow.

LANXESS begins construction of Russian rubber chemicals facility

Filed under: Rubber Chemicals — Notch @ 3:09 pm

LANXESS announced last week that it had officially begun construction of its first production facility in Russia, a rubber chemicals plant in Dzerzhinsk in the Nizhny Novgorod region. The plant will be run by LANXESS-subsidiary Rhein Chemie and will serve markets in Russia and the CIS. The project is due to be completed at the start of 2011 and will create 50 new jobs. The company will produce up to 1,500 metric tons of Rhenogran and Rhenodiv rubber additives and release agents at the new plant. These products are used primarily to manufacture car tires and technical rubber products such as hoses and seals.

“Russia and the CIS are key growth markets for us as part of our strategic focus on the BRIC countries. Construction of this plant is a further important step in our long-term strategy, following our official entry onto the Russian market last year,” said Rainier van Roessel, member of the LANXESS Board of Management. “We are currently seeing a gradual recovery of the rubber industry in Russia, which we want to accompany with a targeted, market-oriented investment.” LANXESS supplies the markets in Russia and the CIS countries mainly with high-performance rubber and rubber chemicals for the tire and automotive industry, color pigments for the construction industry and ion exchange resins for industrial water treatment.

Pirelli Data Indicates Strong Recovery in Tire Markets

Filed under: Tires — Notch @ 2:57 pm

Pirelli has published new data on its global tire markets for the month of April that indicate strong recovery across regions.

In the NAFTA region, OE car and light truck tire sales were up 48% in April year-on-year (yoy) and up 64% year-to-date (ytd), while replacement car and LT tire sales were up 13% yoy and 9% ytd. NAFTA OE truck tire sales were up 40% yoy and 20% ytd, while replacement truck sales in NAFTA were up 33% yoy and 22% ytd.

In Europe (excluding Russia), OE car and light truck tire sales were up 9% yoy and up 28% ytd, while replacement car and LT tire sales were up 14% yoy and 11% ytd. European OE truck tire sales were up 60% yoy and 13% ytd, while replacement truck sales in Europe were up 20% yoy and 33% ytd.

The Mercosur region and Japan also saw good growth.

UK Group forecasts recovery in European vehicle production levels

Filed under: General — Notch @ 2:32 pm

The UK-based Society of Motor Manufacturers and Traders (SMMT) has published a new report forecasting that European automotive production will reach 20.4 million by 2014, back to 2007 levels. In 2010, the industry is expected to see year-on-year growth of nearly 7%, from 16.1 million units to 17.2 million units. The report, European Car and LCV Production Outlook Report, states that production volumes have been underpinned by better than expected performances from several vehicle manufacturers and specific models.

In the group’s press release, SMMT’s chief executive Paul Everitt states, “Although vehicle production volumes across Europe fell by more than 2.8 million units in 2009, there is increasing confidence regarding 2010 and beyond, thanks to the acceleration of new model programmes and the strong performance by many vehicle manufacturers over the first quarter of 2010.”

The group is providing access to the report’s executive summary free to non-members for a limited time. See this link.

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