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You are here: Home1 / Poll2 / 20093 / August

Rubber Prices No Longer a ‘Tailwind’ for Tyre Makers

News

The fact that natural rubber prices have rebounded 25 per cent to US$2.1/kg for RSS3 in the last month means raw material prices that had been assisting tyre manufacturers are no longer a “tailwind.” The news is forcing analysts such as Deutsche Bank revise their earnings estimates as they had mostly factored in the possibility that that tyre companies would pass a portion of this raw material price benefit onto their vehicle making customers. However, with the current boost in rubber prices behind them the 33 – 50 per cent of the so-called rubber tailwind they may have pencilled to share with the OEMs is not likely to be erased.

Read more

Related news:

  1. Improved Natural Rubber Prices Could Ease Manufacturing
  2. Analysts: High Raw Material Prices Protect Tyre Manufacturer Margins
  3. Natural Rubber Price Up +25%
  4. Natural Rubber Falls to 2005 Levels
28th August 2009/by admin

WRAP to Launch Tyre Crumb Quality Protocol

News

According to Waste & Resources Action Programme (WRAP), the publication of a new Quality Protocol (QP) and certification scheme will help to drive the market for rubber crumb and shred derived from used tyres. Mervyn Jones, joint project executive and head of manufacturing at WRAP told Tyres & Accessories the Quality Protocol will assure material quality and encourage sector growth. However, the practical basis for this expansion is not clear and there are question marks over how much this will cost businesses and ultimately end users. Transport Research Laboratory will operate the tyres QP certification process.

Mervyn Jones believes this growth will be driven by the introduction of a new voluntary QP and certification scheme planned for November 2009, by the Waste Protocols project – a joint WRAP and Environment Agency initiative. The QP follows on from a publicly available specification document (PAS 107) published in 2007. Developed by WRAP and the British Standards Institute (BSI), PAS 107 helps manufacturers of tyre-derived rubber crumb and shred to ensure their products adhere to specified quality standards.

Read more

Related news:

  1. Magnum SRI Recycled Compound Tyre Test Yield Successful Results
  2. ‘Pure Rubber, Clean Steel’
  3. Govind Rubber expands with India plant, Netherlands subsidiary
  4. Michelin NA Seeks To Drive Innovation at InnoVenture 2008
28th August 2009/by admin

Bridgestone “Pleased” with Belgian F1 Practice Session

News

Bridgestone director of motorsport tyre development, Hirohide Hamashima declared himself “pleased” following Friday’s practice sessions for the Belgian Grand Prix at the undulating Spa Francorchamps circuit. He stated that the unexpected morning showers were “good for Bridgestone as we could evaluate the performance of our latest specification intermediate tyre relative to the wet tyre. We are pleased to say our initial performance feedback and data has been as anticipated.”

Read more

Related news:

  1. Little Difference between F1 Tyre Compounds; Rosberg Scores Quickest Lap
  2. Bridgestone Motorsport Announces Tyre Specs for 5 More GPs
  3. Alonso Fastest in Friday Practice at Spa
  4. Bridgestone Prepares for First Korean F1
28th August 2009/by admin

Fiat 500 Abarth Tuned up Again

Product News

A certain Italophilic member of the Tyres & Accessories staff likes nothing better than to see Fiat’s smallest current creation in full flow, so the Abarth version was undoubtedly a big hit with him.

Read more

Related news:

  1. Brabus Launches 22-Inch Mercedes S- and CL-Class Wheels
  2. OE contract for Superior Industries
  3. New UK Distributor For Toora Alloy Wheels
  4. Marangoni Sponsors Fast Show
28th August 2009/by admin

Conti Completes 100% Acquisition of Matador Rubber

Career Tracks

Continental has completed its acquisition of Slovakian company, Continental Matador Rubber S.r.o. following the purchase of the 34 per cent stake held by the Cyprus-based minority shareholder, M.I.L. Investments Ltd for $67 million (£41.1 million).

Read more

Related news:

  1. Analysts Raise Conti Earnings Estimate 20%
  2. Pelmar Group Acquires Trelleborg Tyre/Rubber Machines
  3. Matador sells share in Addis Tyre
  4. Cooper Posts Improvements in Q1
28th August 2009/by admin

Tyre Mountain to Topple

News

The Eastern Daily Press describes it as "infamous", but despite its local notoriety days may be numbered for the tyre mountain on the Tattersett Business Park, near Fakenham. The newspaper reports that work is "underway" towards a planning application for the creation of a £1 million re-cycling facility.

Read more

Related news:

  1. South Africa gears up for waste tyre levy
  2. Conti to open ‘first of kind’ retreading plant in Germany
  3. Welsh JV Liquid Nitrogen Facility Opens
  4. ‘Largest’ retreader opening in Canada
28th August 2009/by admin

Stoke Pensioner Arrested Following Tyre Slash Spree

News

Local newspaper, The Sentinel reports that a 70-year old man from Stoke-on-Trent was placed under citizen’s arrest earlier in the week after a Neighbourhood Watch coordinator said he saw him “stab the tyres of a Ford Ka” in Sneyd Green.

Read more

Related news:

  1. Ford to Recall US Police Cars
  2. Derby Motorist Stung by Rubber Ripper
  3. Sunrise, FL Police Tyre Theft Accused Resigns
  4. Police Set-Up Nets Serial Tyre Thief
28th August 2009/by admin

Toyo Tires is Back on Track

Career Tracks

When at the start of the year Japanese manufacturer Toyo Tire & Rubber Co., Ltd. put the brakes on expenditure in response to the global economic and financial crisis, the package of measures implemented were received with a shock: layoffs, massive budget cutbacks, withdrawal from the Tokyo Motor Show, restrictions upon travel for management and so on. Later it became public knowledge that top managers voluntarily forewent their bonuses. Since that time a collective sigh of relief has been breathed that some of the restrictions didn’t turn out to be as severe as first anticipated, and for Toyo’s factories in particular the tide has turned. "Our plant utilisation in Japan is already approaching a hundred per cent," comments Tatsuo Mitsuhata (44), executive vice president Toyo Tire Europe. The company’s Japanese competitors are somewhat lagging in this respect and their recovery not occurring as quickly as Toyo’s.

Read more

Related news:

  1. Hankook Tire’s Growth is Based on Quality
  2. Hankook sales surged 16.3% from Q1 2010 to 1.4 trillion won on European growth
  3. Michelin operating income, margin stable as 1H sales increase
  4. Schaeffler reports record sales and earnings in 2011
28th August 2009/by admin

Michelin Offers Fuel Vouchers with Tyre Purchases

News

With a strong focus in its corporate communications on providing more fuel efficient tyres with reduced rolling resistance, Michelin clearly sees an opportunity for its premium products in the current climate by emphasising its tyres’ abilities in this area.

Read more

Related news:

  1. Aiming for Number 1
  2. Improving Recommendation Rates the Key, says J.D. Power
  3. GT Tyres Gets Michelin FLAG Award
  4. HiQ invests £30,000 in motorist safety guides
28th August 2009/by admin

Alcoa Introduces New Web Comparison Tool

News

Alcoa’s Wheel and Transportation Products business has introduced the "CalcuLighter". Found at http://www.alcoa.com/calculighter, the CalcuLighter is an on-line tool for truck fleet and owner-operators that is designed to provide exact financial data comparing steel and aluminium wheel alternatives. Designed primarily for US based users, site visitors can quickly compare steel duals versus aluminium duals or wide base wheels, or aluminium duals compared to wide base, simply by entering a few specifics regarding their own operational needs.

Read more

Related news:

  1. Fleet ‘Stimulus Package’ Now Available
  2. Alcoa Supplies Forged Wheels Aston Martin V12 Vantage
  3. Tyresure promotes new Bus and Truck TPMS
  4. Alcoa opens new European fleet service centre
28th August 2009/by admin

Conti Promotes Online Fuel Calculator

News

Continental Tyre Group is highlighting the benefits of using its free online fuel saving calculator to lower operational costs. Continental’s fuel saving calculator is designed to compare all premium competitor products for regional and long distance applications. By entering the fleet size, the number of kilometres travelled per year, the average fuel consumption of the selected tyre brand and the fuel cost in £ per gallon, the tool calculates the annual fuel consumption with the chosen brand and the annual fuel spend.

Read more

Related news:

  1. Michelin Appoints Seal Communication to UK/Ireland PR Role
  2. Yell.Com Launches Online Review Capability For Motor Trades
  3. Michelin OE for latest Bailey caravan range
  4. Pirelli launches e-learning for dealer training
27th August 2009/by admin

Green Shoots or a False Dawn?

Career Tracks

Recent positive economic indicators coming out of Europe, Asia and the US have given analysts reason to forecast a recovery in the global logistics industry. However for global freight and parcel volumes and revenues to rebound significantly – and therefore the tyre sales which rely on logistics firms’ prosperity – analysts at Datamonitor suggest there will need to be “major improvements in consumer confidence, industrial output and subsequent international trade volumes.”

Read more

Related news:

  1. Toyo to Acquire Malaysian Tyre Manufacturer
  2. Tyre Manufacture in SA – Will it Have a Future?
  3. Turmoil Passed, CTNA Focus Shifts to Brand, Rebuilding Dealer Trust
  4. Protean establishing factory for electric in-wheel drive system
27th August 2009/by admin

Report: 20% UK Tyre Companies Are Loss Making

Career Tracks

1 in 5 companies in the UK Tyre Manufacturers & Distributors industry are now making a loss making according to analysts at Plimsoll Publishing. The report’s author, David Pattison, commented: “Increasingly we are seeing companies making a loss for the first time in their history and I think they can rightly claim they are victims of difficult trading conditions.”

However, 30 companies are reportedly making a loss for the second and even third year running. According to Plimsoll, “these companies are either blatantly undercutting the rest of the market to enhance or maintain market share or, more likely, have delayed making…painful decision[s]…No one wants to trim costs, lay off staff, cancel dividend payments and the like but continuing on regardless is fast becoming unviable.”

Read more

Related news:

  1. Continental May Revive 1.5 Billion Euro Bond Sale Plans
  2. Preliminary report: Pirelli 4Q improves on estimates
  3. Analysts: 1 in 9 firms in the UK tyre market could change hands
  4. Nokian results 9% ahead of consensus
27th August 2009/by admin

ATS Euromaster: Avoidable Tyre Damage Costing Fleets

News

20 per cent of tyres fitted to major leasing fleet vehicles are being replaced early due to avoidable tyre damage. According to figures published by ATS Euromaster following a review of the tyre replacement cycle across 100,000 lease vehicles, the average remaining tread on tyres removed through damage is 4.8mm. With 1mm of tread equivalent to approximately 4,000 miles, these damaged tyres are achieving less than half their potential life. Across a sample fleet of 25,000 vehicles, this damage is costing over £440,000 each year in wasted mileage potential.

Read more

Related news:

  1. ALD Automotive Signs Three Year Kwik-Fit Fleet Contract
  2. ATS Survey Finds 10% of Fleet Cars Have Tread Below 1.6mm
  3. Waste Removed from PHS’ Tyre Management with ATS Euromaster
  4. Premier League fleet provider applauds Michelin mileage
27th August 2009/by admin

BFGoodrich Contract Overwhelmingly Approved, says USW

Career Tracks

The three-year contract BFGoodrich signed with the United Steelworkers for its Tuscaloosa, US plant is said to have had one of the lowest number of ‘no’ votes ever experienced by the local union chapter. "'We are pleased with the contract. We are pleased with the vote," USW Local 351 president Jimmy Price told local media. Price, who was on the union's bargaining committee, added that he felt BFGoodrich was "very responsible to give a fair contract."

Read more

Related news:

  1. Layoffs Announced at Closing MNA Factory
  2. Goodyear, Bridgestone say USW Talks Unaffected by Michelin Deal
  3. Tyre Company CEOs Endorse Environmental Research Programme
  4. Michelin Celebrates ‘Navy Week’, but has Goodyear Trained its Guns on Military Contracts?
27th August 2009/by admin
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