Company News

TRW to open three new plants in China

TRW to open three new plants in China

By the end of next year, TRW Automotive Holdings Corp. intends to have opened three further plants in China. Two of these facilities will be located on the same site in Zhanghjiagang, Jiangsu province; the first, a factory dedicated to braking, will start operations at the end of the second quarter of 2015, while a November 2015 start is planned for the other, an occupant safety systems facility. The third plant is located in Xian and is also an occupant safety systems factory. It should be operational by the third quarter of 2016.

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UK News

Pirelli opens up its Carlisle plant

Pirelli opens up its Carlisle plant

While the Pirelli-backed Carlisle Rally returned to the city forming round three of both the Mintex MSA British Historic Rally Championship and the West Wales Rally Spares RAC Rally Championship on the weekend of 24 – 26 April, the company also played host to local dignitaries and visitors. In conjunction with the rally, over the course of two days Pirelli Carlisle opened its doors and staged both a VIP tour and an employee fun day at its Carlisle factory.

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International News

Michelin Classic tyres return to Australia

Michelin Classic tyres return to Australia

From May, owners of vintage and classic cars in Australia will once again be able to select suitable tyres from the Michelin Classic and Competition ranges. Approximately 90 product lines for vehicles manufactured between the 1930s and late 1970s will be offered, with motorsport tyre distributor Stuckey Tyre Service acting as distributor.

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Motorsport

Double Dmack podium in Argentina

Double Dmack podium in Argentina

Dmack runners scored a double WRC2 podium at Rally Argentina – an event the tyre supplier described as one of the toughest in the recent history of the World Rally Championship. Paraguayan Diego Dominguez finished second while Drive DMACK’s Jari Ketomaa battled through a troubled three days to take third.

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Retreading News

Pelmar confirms TST conflict is over

Executives at Pelmar Engineering Group (Pelmar) have confirmed that a disagreement between the company and Tianjin Saixiang Technology Co. Ltd. (TST) has been resolved. Pelmar’s executive chairman Jacob Peled told Tyres & Accessories that “the conflict between TST and Pelmar has ended in an amicable settlement”. The resolution appears to have occurred after TST met its obligations towards Pelmar. As a result Pelmar cancelled the lawsuit it brought against TST in the Tianjin Court. In addition, it was also agreed that the two companies will resume their business relations and will continue to cooperate as before.

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Product News

Recalls of ‘serious risk’ motor vehicles at five year high

Recalls of ‘serious risk’ motor vehicles at five year high

Recalls of motor vehicles models posing a serious safety risk are at their highest since 2010, according to an analysis by international law firm Pinsent Masons. Research conducted by the firm found that in 2014, 195 recalls for motor vehicle models were issued, more than at any point in the last five years.

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Career Tracks

Bridgestone appoints new European director of replacement sales

Bridgestone appoints new European director of replacement sales

Bridgestone Europe has appointed Timothy Manuel, currently general manager of channel strategy as director replacement sales in the company’s European Consumer Business Unit. Despite having taking on this new role, Manuel remains responsible for Consumer Business Unit channel strategy and the Motorcycle Business Unit at European level. Moving forward, his key focus is said to be the development of the company’s passenger car sales in Europe, working closely with the six different European regions.

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Comment

Now Pirelli’s been sold, who’s next?

In case you haven’t heard, as much as 65 per cent of Pirelli is in the process of being sold to ChemChina. It’s a complex plan and there’s a long road ahead, but the deal has been done and so takeover wheels are in motion (see page 28 for complete coverage of this part of the story). So what’s next? The deal can’t fail to have an impact at Pirelli, but what about the other top five tyre manufacturers and beyond? We hinted at market consolidation in this column last month, with reference to restructuring proceedings at Shandong Deruibao Tire Co., Ltd and possible contagion in China; and Pirelli CEO Marco Tronchetti Provera made the market aware of that he was planning to sell his stake within two years in January 2014. But few would have named this particular bidder and this particular timing. Now we are faced with the possibility, even the likelihood that the Pirelli/ChemChina deal is going to precipitate further micro and macro consolidation within the tyre market - even a re-shuffle of the tyre industry's top 10.

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