Pirelli Recalls Pzero Corsa Tyres in US
In the US, Pirelli is recalling 1,680 Pirelli Pzero Corsa tyres, size 285/35 ZR19 (99Y) K1, manufactured between June 2007 and July 2009.
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Report: July Sell-in Market ‘Stabilising’
European and worldwide tyre markets are finally stabilising, according to a report released today (3 September). Writing in response to the latest round of market figures issued by leading French tyre manufacturer, Michelin, market analysts at Morgan Stanley described their view of the current market conditions as “slightly better than our expectations.” Despite highlighting the fact that the data continues to show negative year-to-date growth rates in almost every market, the analysts focused on the fact that the pace of the decline “showed material improvements compared to year-to-date trends and it looks on track to exceed our volume forecast for the quarter.
Euro Car Parts Launches Battery Application Guide, Promo
Euro Car Parts has launched a new battery catalogue and announced a buy now and pay later promotion. According to the aftermarket parts supplier, one of the largest independent distributors of batteries in the UK, customer demand has led Euro Car Parts to produce its own 40-page ‘Battery Application Guide 2009/2010’. The guide covers all car marquee applications, from Alfa Romeo to Volvo, including all the technical specifications one would expect, covering brands by Bosch, Exide and Lion. Also included are sections delivering comprehensive safety advice and regulations for lead-acid batteries as well and instructions for using starter batteries.
ECP has also launched a customer buy now and pay later battery promotion, offering the customer the chance to bulk buy on batteries from leading worldwide brands. Customers signing up for the promotion have the chance to receive a free battery stand, point of sale items, and an advanced battery tester.
New Zealand to Consider Winter-Regular Tyre Mix Ban
New Zealand could become the first country to ban the use of winter and regular tyres on a single vehicle by as early as 2010 when its government considers a change in the rules proposed by the Transport Agency.
Amtel Drops the Vredestein Name
Amtel-Vredestein N.V. formally changed its name to Amtel N.V. at an Extraordinary General Meeting held in Enschede yesterday (2 September), freeing the newly re-merged Apollo-Vredestein from its previous associations with the Russian company. The execution of the deed of amendment through which the actual name change will take place as well as corresponding changes to the company’s website, corporate materials etc. will reportedly take place “as soon as possible.” The meeting also agreed proposals to dismiss Petr Zolotarev and Vadim Pesochinsky from the executive board and to appoint Alexander Fayn as sole member of the board. According to a statement detailing the meeting, Fayn gave a broad outline of the company’s restructuring plan.
Cooper to Supply 2 Lines to US Sears Auto Centers
In the US, Cooper Tire & Rubber Co has announced that it has finalised an agreement with Sears Holdings to supply Sears Auto Center facilities nationwide with two full lines of passenger tyres. The agreement will entail the manufacturing and sale of the Sears Guardsman Plus and the Cooper Response Touring passenger tyre lines.
Transense Signs MOU With Mesnac
Transense has signed a Memorandum of Understanding (MOU) with Qingdao Mesnac Co. Ltd, the parent company of the Sailun brand’s tyre manufacturing division. According to an official statement, Transense and Mesnac have entered into an agreement to combine their individual areas of expertise, for the purpose of developing Transense's patented tyre pressure monitoring sensor technology for the attachment or embedding of these sensors into tyres. Under the terms of the agreement Mesnac have agreed to an initial upfront payment and will pay additional sums for technology transfer/engineering support on an as required basis. Transense shares rose 17 per cent following the news.
UK Withstanding Truck Tyre/Retreading Downturn Well
Following a decade of steady growth in demand averaging 10 per cent, last October the financial and economic crisis pushed European retreading markets into a freefall. The largest decline was listed by market participants in the opening quarter of this year, and according to Marangoni demand for retreaded tyres in Europe reduced by a quarter. Yet at the same time, the market for new truck tyres dropped some 30 per cent. In the second quarter, demand was still some 15 per cent below that of the previous year, while the new tyre industry recorded sales a clear 25 per cent worse – another result reflecting the new tyre industry’s greater difficulties.
Kargro Battles High Stocks and 50% Lower Retread Output
Built on the pragmatic assertion that “tyres don’t last forever; they get worn” the Kargro Group has quite literally made it their business to make good use of what others throw away. Like other similar operations Kargo collects both passenger car and commercial vehicle casings, inspects them and determines whether they are suitable for re-use, can be retreaded or are destined for the shredder. What’s different is the scale. Kargro Group stores an average of 120,000 casings ready for export to any of 40 countries at any given time.
‘Marix Ecology’ 4×4 Retread Range Offers Savings Potential
According to Marangoni, its Marix range for passenger cars and light commercial vehicles has proven a popular choice for off-road drivers thanks to a series of products designed for extreme use, such as Lion and Puma. Both of these tyres feature substantial tread blocks, and for this reason are sought by those who use their 4×4 for work or in sporting competitions, and want a tyre with good grip and drainage capacity. The latest additions to the Marix 2008 range are the Cruise and Ghepard, the latter a high performance tyre for SUVs that is approved for high performance and available in 17 and 18-inch sizes. Marangoni says the Ghepard ensures comfort and maximum grip in all conditions thanks to the use of high performance compounds.
Marangoni Manufacturing Ringtreads for the World
In its Ringtread treads the Marangoni Group has a product that has been effectively developed since its introduction in the 1970s. When the Italian tread manufacturer and retreader took over Germany’s Ellerbrock GmbH in 1990, the share of total production dedicated to Ringtread production was no more than 20 per cent. Today global share has grown to around 50 per cent; Ringtreads are manufactured in Ferentino, Italy, at Ellerbrock in Germany, in Nashville, USA, and in Belo Horizonte, Brazil. Presently in Europe around 55 per cent of treads sold by the Marangoni Group are Ringtreads. And, according to Guiseppe Ferrari, managing director of Marangoni’s Retreading Systems business unit, a still higher European market share is possible.
German Scrappage Scheme Ends
Market analysts are predicting that the German market scrappage scheme is likely to have come to end today as demand for cars purchased under the scheme now exceeds supply. According to a Deutsche bank report published today the scheme has been responsible for 9000 unit sales a day since its introduction and – as of today – only 5000 applications remain.
Reports: Modi Tyres Partnering Continental
Indian tyre manufacturer Modi Tyres has “re-forged” the Modi Continental technical and brand partnership it made with Continental AG in 2001. According to local news sources, the tyres manufactured under the agreement will now be marketed under the Continental brand only, rather than Modi Continental. The new partnership will reportedly be called Modi Tyre Company (MTC) and is described as “only technical in nature and does not involve any investment from the German tyre company.” According to the reports Modi Tyres is aiming to roll out 1.1 million truck tyres and tubes annually and expects to expand its network of dealers from 500 to 2,000. Continental already has a technical agreement with JK Tyres and the reports speculate that this deal may now end.
Bearcat Launches Duratough Tyre Watch System
Bearcat tyres has introduced the Duratough Tyre Watch system to the Australian mining industry. According to a press release, the system comprises of tyre sensors that screw onto the valve stems of tyres and a monitor fitted in the cab. Bearcat reports that the pressure monitors are simple to install. Once installed, the sensors transmit a coded RF signal to alert a drop in pressure and the cab monitor displays each tyre's pressure reading and sends an audible alert if tyre pressure drops.
Michelin: Global Replacement Tyre Demand Improving, OE Remains Weak
Global OE tyre demand remained week in July, according to figures released by Michelin. However, the data also shows that, while global OE tyre demand continues to take a beating, there are signs of recovery in most replacement segments. However, Some of the least improved figures are in the European truck replacement market, where analysts described the status quo as “very poor.” Here July’s sales were -17 per cent down (-29 per cent year-to-date).
