News from Notch Consulting, Inc.

October 29, 2018

European Union issues definitive anti-dumping duties on Chinese truck and bus tires

Filed under: Tires — Notch @ 11:19 am

The European Commission has published definitive anti-dumping duties on new and retreaded truck and bus tires imported from China that are measurably lower than the duties proposed in May.

A 50-page document, signed Oct. 18 by EC President Jean-Claude Juncker, lists the duties as: Hankook Tire Co. Ltd., 23.41 percent; Giti Group, 29.56 percent; Aeolus Group and Pirelli (Prometeon), 37.29 percent; other cooperating companies, 32.3 percent; and Xingyuan Group and all other companies, 55.07 percent.

The EC noted in the document that after considerable input by all parties involved and careful consideration, it determined both dumping margins and injury margin, the latter defined as the “margin adequate to remove the injury” to the collective European Union industry.

The EC began looking into possible antidumping measures against Chinese truck/bus tires in August 2017 in reaction to a complaint lodged by the “coalition against unfair tires imports.”

The regulation is set to take effect the day following its publication in the Official Journal of the European Union and remain in place for five years.

Read the full document here.

Michelin upgrading Canada plant to support winter tire launch

Filed under: Tires — Notch @ 10:44 am

Michelin North America Inc. plans to unveil a new line of winter tires for the North American market in 2020. The company will build those tires in Granton, Pictou County, Nova Scotia. That same plant will be the first on the continent to install an innovative semi-finished manufacturing process.

“New to North America, this innovative process allows us to produce semi-finished materials needed for tire-building right here at home,” says Jeff MacLean, president of Michelin North America (Canada) Inc. “These investments allow us to remain competitive in the marketplace, while continuing to build our future here in Nova Scotia.”

Combined, the new tire line and manufacturing process represent a $21 million investment in the plant, one of three Michelin production facilities in Nova Scotia.

Read the full press release here.

Bridgestone building $45 million warehouse at Quebec tire plant

Filed under: Tires — Notch @ 10:17 am

Bridgestone Canada Inc. plans to build a $45 million automated warehouse in Joliette, Qu├ębec, adjacent to its passenger and light truck tire plant there, increasing its ability to serve North American customers.

With a maximum storage capacity of 500,000 tires, the new building will utilize fully automated technology to store the tires manufactured at the Joliette plant. The new facility is expected to open in early 2020.

Read the full press release here.

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