Pirelli Tyres Australia (PTA) has recently awarded their domestic logistics activity to TNT Logistics for a minimum 3 year period. Under the terms of the Agreement, TNT Logistics will service Pirelli’s customer base from a central warehouse in Sydney with cross dock facilities established in Melbourne, Adelaide and Brisbane and Pirelli will be part of TNT’s new 25,000 m² logistics centre completed in August 2005 which is located in Erskine Park. TNT Logistics will also procure and manage on behalf of PTA a pool of purpose built stillages designed specifically for tyre storage to PTA’s specifications. “Pirelli is an important customer to TNT Logistics and we are delighted to further develop this relationship with Pirelli tyres in Australia,” emphasises Chris Demetriou, Director Business Development for TNT Logistics in Australia.
The US town of Vidalia, Louisiana, is on the verge of giving the go-ahead for a tyre recycling plant to be built, eventually creating up to 135 jobs. Construction is scheduled to begin next year and will take 12 months.
A company called LIEL has patented a process, taking scrap tyres and producing rubber pellets or sheeting, which can be used in the production of downstream products such as vehicle bumpers and shoes.
Toyota has forecast that its automobile production will rise by 10 per cent during 2006, to just over nine million vehicles; a figure that could see the company overtake General Motors as the world’s biggest car maker.
In a move which is certain to raise the hackles of retreaders worldwide, Malaysian transport Ministry Secretary General Datuk Mohd Safaruddin has said that the use of retreaded tyres on all forms of vehicles in the country will be phased out.
Despite a bitter campaign of environmental protests, the US Environmental Protection Agency looks set to grant approval for a paper mill in Vermont to conduct a two-week trial, burning shredded tyres as fuel.
The company estimates that it could save up to $3.8 million a year by burning 72 tonnes of tyres a day, but environmentalists are concerned over possible health hazards and have pledged to continue their campaign.
It is estimated that the USA produces around 290 million scrap tyres annually, of which 140 million are disposed of as tyre-derived fuel. This is six times the number disposed of by this method in 1990.
Sumitomo Rubber industries has announced its intention to quadruple its tyre production in China within three years, in order to meet the sharply rising demand in that country.
SRI intends to invest between 10 billion and 15 billion Yen ($85m to $128m) over this period. Production at the SRI plant in Jiangsu province, near Shanghai, will rise from the current 1,500 tonnes a month to 6,000 tonnes.
SRI also said that it plans to build a new factory in China to supply tyres to Japanese car manufacturers with factories in China.
Effective February 2006, Kraiburg Austria will be increasing its prices for quality tyre retreading material by five per cent in Central Europe. This is down to continuing rising energy and transport costs as well as the drastic rise in the price of raw materials with, for example, natural rubber currently costing around 40 per cent more than in August 2004.
Audi hopes that its brand-new R-10 will become the first-ever diesel car to be victorious at the Le Mans 24-Hour race next June. The 650 bhp car will be fitted with what are described as “wider and grippier” Michelin tyres.
The Board of Directors of Titan International, Inc has approved a quarterly cash dividend of $.005 (one half cent) per common share for the fourth quarter of 2005. The cash dividend is payable 13 January 2006, to stockholders of record on 30 December 2005.
The parents of two young women killed in a head-on collision on Florida’s Turnpike are suing Cooper Tire & Rubber Company, alleging the company’s tyre caused a Thanksgiving 2004 wreck that left six dead. According to an associated press report, the lawsuit, in Palm Beach County Circuit Court, seeks more than $15,000 in the deaths of Michelle Seville, 23, and Marsha Seville, 18.
In 2005 Continental’s capital expenditure increased by 20 per cent and should increase by a further 7 per cent to 910 million euros (6.3 per cent of sales). Over the last three years (2002 – 2004) Continental’s capital expenditure (capex) reached 5.5 per cent of sales, approximately 650 million euros per annum, according to Deutsche Bank analysts.