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Conti Buys Controlling Stake in Matador Rubber

Continental AG, Hanover, is set to acquire a 51 per cent stake in the rubber business of Matador Group, Puchov, Slovakia, subject to the approval of antitrust authorities. There has been no official confirmation of the financial details involved, but a possible 150 million euro price-tag has been circulating for some time. Continental plans to integrate Matador into its brand portfolio and invest in expanding annual production from 5.5 to over 7 million passenger car and light truck tyres.

As a result of the deal, the Matador machinery factory in Puchov will be integrated into the machinery factory in Hanover-Stöcken as a second pillar. On top of that, Continental will gain addition research and development capacity.

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Tyremaker Pitches In to Help Endangered Leatherbacks

(Akron/Tire Review) Giti Tire is one of 10 corporate sponsors of the upcoming Great Turtle Race, an international sea turtle conservation event that will take place from April 16 to 29. The event is designed to raise awareness and funds for the endangered leatherback turtle.

Other sponsors include Dreyer’s Ice Cream, Plantronics, Travelocity, West Marine and Yahoo!, which is hosting The Great Turtle Race online at www.GreatTurtleRace.com. The Great Turtle Race is organized by Conservation International, the Costa Rica Ministry of Environment and Energy, The Leatherback Trust and the Tagging of Pacific Predators (TOPP) program.

The sponsored turtles have been equipped with satellite tags and are “racing” toward feeding areas south of the Galapagos Islands after nesting at Playa Grande in Costa Rica’s Las Baulas National Park, the primary nesting area for leatherbacks in the Pacific.

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SEMA Moves to Simplify Registration

(Akron/Tire Review) SEMA says it has smoothed the registration process for past SEMA Show attendees in an effort to make it easier for “prequalified professionals” to sign up and attend the 2007 SEMA Show, Oct. 30-Nov. 2, at the Las Vegas Convention Center in Las Vegas.

Those who attended the SEMA Show in 2005 or 2006 will have a personalized “alumni number” that verifies their trade status. The alumni number correlates to information previously submitted to help avoids attendees having to re-submit business documents and fill out several forms.

“The SEMA Show is about connecting businesses and buyers,” said Peter MacGillivray, SEMA vice president of shows and marketing. “While we’re committed to ensuring that the show is restricted to legitimate trade professionals, and we’re also committed to making it as simple as possible for qualified attendees to register and get down to business.”

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Bridgestone produces snow tyres for F1

Bridgestone Motorsport has produced a special Limited Edition F1 Potenza Snow Tyre at the request of the BMW Sauber F1 Team. The team will be holding a demonstration of at the prestigious White Turf horse racing event in the Swiss resort town of St. Mortiz, and special tyres are required due to the extreme conditions in which the BMW Sauber F1.06 will run.

The F1 snow tyres, produced by Bridgestone Motorsport’s Technical Centre in Tokyo, feature 420 studs on each of the front tyres and 588 studs on each rear tyre. It took two Bridgestone technicians over 16 hours to manually insert all 2,016 studs into the double layer of tread compound on one set of tyres alone.

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Iran’s Yazd to Benefit from IDB Loan

The Islamic Development Bank (IDB) is preparing to grant a 10 million euro loan to Yazd Rubber Industries in central Iran. The company will use the loan to acquire raw materials.

Yazd Rubber Industries specialises in the manufacture of tyres and inner tubes for bicycles, motorcycles, passenger cars and light trucks, and – according to the company – produce ranges of both summer and winter tyres.

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Minister Considers Law Over Snow Tyres

New Zealand’s Minister for Transport Safety says he’ll consider whether the country needs to introduce a law requiring snow tyres fitted to second-hand Japanese imported cars to be replaced by tyres designed for the New Zealand market.

The nation of 4 million people has no domestic new car industry and a large proportion of cars sold in New Zealand have previously seen up to seven years’ service on Japan’s roads before arriving in their new country. The suitability of some tyres the cars arrive with has been called into question following several fatal collisions involving vehicles wearing Japanese snow tyres.

The Minister for Transport Safety, Harry Duynhoven, says that the police have raised concerns about the tyres, therefore he will look at whether such a law banning such tyres is necessary.

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Dow Chemical Joins TRIB

(Akron/Tire Review) Dow Chemical Co., which produces some synthetic rubber and chemical products used in tyremaking and the production of retread stock, has joined TRIB. To date, TRIB has more than 470 members in 46 countries, the group said.

mpany, Midland, Michigan, has joined the Tire Retread Information Bureau (TRIB), bringing TRIB’s membership to nearly 470 members in 46 countries.

“TRIB continues to grow as more and more companies interested in the retread and tire repair industries realize that TRIB is the only industry association in the world totally dedicated to promoting tyre retreading and tyre repairing,” said Harvey Brodsky, TRIB’s managing director.

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Maxxis Extends its Sponsorship of Drifting

As part of a program to expand its support of drifting in the USA, Maxxis has announced it will sponsor the NM Drift Group and the inaugural NOPI Professional Drift Series in 2007. NM Drift Group drivers Ben Reyes and Gary Lang, who is also the team owner, will compete in the Formula D, NOPI Drift, Formula D Pro-Am, Drift Fury and D1 series this year, having put together several top ten finishes in 2006.

Their Nissan 240 SX cars will sport Maxxis MA-Z1 Victra drifting tyres, which are designed to deliver the outstanding traction, cornering and handling that really counts in professional drifting competition, and the drivers will have the tyremaker’s support behind them. “We are dedicated to providing amazing opportunities for drifters at the NOPI Professional Drift Series and through our contingency support for any driver that takes advantage of our high quality performance tyres we expect to see new champions rise to the top,” said James Mason, Marketing Coordinator for Maxxis’s automotive department.

Maxxis MA-Z1 high performance tyres are available in the UK exclusively through Group Tyre UK Ltd.

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Goodyear Increases Commercial Tyre Prices

(Akron/Tire Review) As of May 1, Goodyear is increasing prices on its commercial tyres by up to 5 per cent.

The increase impacts Goodyear, Dunlop and Kelly brands of medium truck tyres. In addition, Goodyear has also hiked prices on OTR tyre tread rubber by up to 5 per cent as of April 2.

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Telecom Italia chairman quits in row with Pirelli shareholder

Telecom Italia SpA chairman Guido Rossi has resigned from his post following a prolonged falling out Pirelli chairman Marco Tronchetti Provera. Vice chairman Carlo Buora will take on Rossi’s operational responsibilities.

On April 6 Rossi told Italian media that Tronchetti Provera asked him to take over as chairman last September as he wanted Rossi to get him out of an awkward position. Italy’s government was questioning Tronchetti Provera’s decisions regarding alliances and selling parts of the company, and according to Rossi, Tronchetti’s position “seemed unrecoverable.” However, Rossi claims that when he tried to clear up the conflicts of interest that existed between Tronchetti and Telecom Italia, the two men entered on a collision course.

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Alcoa Adds Dura-Bright to LT/SUV Lines

(Akron/Tire Review) Alcoa Forged Specialty Wheels has added the company’s Dura-Bright wheel technology to its line of aftermarket light truck/SUV wheels. Dura-Bright, already available on Alcoa aluminum medium truck wheels, is a surface treatment that helps maintain a wheel’s bright, like-new appearance.

According to Alcoa, the proprietary surface treatment penetrates and reacts with the aluminum thus becoming an integral part of the wheel, and resists peeling, cracking and corrosion.

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Russian Tyremakers Meet to Discuss Industry Concerns

Russia’s largest tyre and rubber manufacturers have held their inaugural joint round table meeting to discuss industry concerns. This meeting took place on April 6 as part of the first sitting of a Chamber of Commerce and Industry subcommittee set up to advocate the interests of the country’s industry.

The meeting was attended by representatives of Russia’s major tyre and rubber companies – Sibur-Russian Tyres, Amtel-Vredestein, Nokian Tyres, Michelin, Nizhnekamskshina, Group TADEM, RTI-Kauchuk and by government officers and companies and associations that rely on tyre and rubber production.

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Korean Rubber Producers Fined

(Akron/Tire Review) Yonhap News Service reported that South Korea’s Fair Trade Commission has fined Korea Kumho Petrochemical Co. and Seetec Ltd. a combined US$63 million on claims the two companies conspired to fix pricing on rubber products used in tyre production.

The commission found the two companies, which control some 90 per cent of the South Korean synthetic rubber market, colluded on pricing on styrene butadiene and butadiene rubber between 2000 and 2003.

Kumho Petrochemical is part of Kumho Asiana Group, which includes Kumho Tire Co.

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Danang Rubber Profits and Turnover Up

On April 3 Vietnam’s Danang Rubber Company released a statement announcing it anticipated a 14 per cent rise in net profit this year to 63 billion dong (US$4 million). According to company president Nguyen Quoc Tuan, revenues for the firm, which produces and retreads car, truck and OTR tyres in addition to producing bicycle and motorcycle tyres, expect their revenue to increase 15.5 per cent over last year’s figures, to 1.07 trillion dong ($680 million). These increases will result mainly from upgraded production capacity and strong export demand, especially for made-to-order tyres.

The company’s exports are expected to rise 13 per cent to $5 million, the statement added.

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