Michelin’s Sales Growth Slows
After “exceptional growth” in the first half of 2004, Group Michelin has posted third quarter results that show slowdown in sales growth.
After “exceptional growth” in the first half of 2004, Group Michelin has posted third quarter results that show slowdown in sales growth.
Michelin has appointed Kings Road Tyres as the sole supplier of its Taurus agricultural tyres to the UK.
The manufacturer describes KRT as having a “long-standing relationship with Michelin’s Taurus brand,” and accredits the company’s nationwide distribution network as the reason for its choice. The UK wholesaler is already the sole supplier of the Stomil-Olsztyn / Kormoran range of products, another Michelin Group brand.
Brityrex International aims to deliver what its organisers, ECI International, promised from the beginning – an exhibition dedicated to the tyre and related industries.
Hayes Lemmerz International has announced that it received an honourable mention in the 2005 Automotive News PACE (Premier Automotive Suppliers’ Contributions to Excellence) Award Competition for its Flex Wheel.
Bridgestone has officially opened a new carbon black plant in Thailand. According to the company, the facility will operate as Bridgestone Carbon Black (Thailand) Co, Ltd, a wholly owned member of the Bridgestone Group.
STS Tyres & Exhausts has appointed a completely new management team at its Aylesbury branch. Francis Johnson and Paul Piggott, who have worked together in the sector for 12 years have joined the centre as manager and deputy manager respectively.
After a distinctly variable season, Michelin has ended the Formula 1 year on a high note. The BMW William’s Juan Pablo Montoya said a fond farewell to the team by winning the Brazillian Grand Prix.
Bridgestone has announced the appointment of Steve Miller as a new regional fleet. The company says Mr Miller’s appointment is designed to win new business for the company and its network of Truck Point dealers.
Continental AG, has announced that it has signed a memorandum of understanding with the Ministry of Economy of the Slovak Republic.
Cooper Tire and Rubber has reported a 6 per cent year-on-year increase in its net sales, breaking its previous record for tyre operations.
Triumph Motorcycles has chosen the Michelin Pilot Power as the sole OE fitment for its 2005 Speed Triple.
The tyre was chosen as the best option for the 1050cc machine following extensive tests. It is described as combining “aggressive streetfighter looks” with “high quality chassis components.”
Deldo Autobanden has announced record sales figures. In September sales increased by more than 30 per cent compared with the same time in 2003, the company says. The new record now stands at more than 500,000 units.
Michelin has ended its attempts to sue a 78-year-old pamphleteer. Shimon Tzavbar, who faced bankruptcy as a result of the legal proceedings, agreed not to use the firm’s name on an “unofficial” guide to Israeli jails.Michelin also withdrew a demand for Mr Tzabar to pay any of its legal costs.
Givign evidence the writer had said: “In order to make a satire that will catch the public eye, one has to use a name or symbol that is famous. The same way that the artist Andy Warhol used the famous Campbell soup name and logo to change the consumerism of society, so did I use the famous Michelin name to spread awareness of a great human tragedy, a tragedy that the Jews in Israel should know all about.”
The company had said his depiction of the Michelin man, with one arm raised and a tyre in his other hand, infringed its trademark rights.
Dana Corporation has released third-quarter results that show a 33 per cent drop in net income. The corporation received $40 million compared with $61 million in the same part of 2003. The company achieved third-quarter sales of $2.1 billion, compared to $1.9 billion the year before.
Watts Industrial Tyres Plc has signed an agreement with Continental AG to supply solid industrial tyres to its industrial tyres business unit. Continental is going to use the tyres to develop the US and Asian markets. The tyres will be manufactured to Continental’s specification at Eu-Retec (Pvt) Ltd in Sri Lanka.
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