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Delticom Aims For Autumn IPO

Delticom AG, known as mytyres.co.uk in the UK, is aiming to make its debut on the Frankfurt stock exchange this Autumn. In 2005 Delticom reported 129 million euros in sales, an increase of approximately 60 per cent. Roughly 5.6 million euros of this was EBIT, according to German newspapers.

“We see good possibilities of developing our already strong international operational readiness further in the coming years around the good growth opportunities that are opening in the online tyre market,” commented Delticom director, Dr Andreas Pruefer.

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  1. Under Inflated Tyres Cost UK Motorists £1 Billion
  2. Bridgestone Underlines its Commitment to the Environment
  3. Revenue and Net Income up at Delticom
  4. Biogas-Powered World Record Set on Dunlop Rubber

Lots of Rumours, No Movement as Strike Continues

(Akron/Tire Review) There has been more talk than talking as the United Steelworkers’ strike against 16 Goodyear plants reached its sixth day yesterday. Formal talks between the tyremaker and the union have not resumed, and while both sides say they are ready to restart negotiations when the other party is ready, neither side seems to be in a hurry to get back to the bargaining table.

Related news:

  1. Titan Buyout Deal Surprises USW
  2. Goodyear Borrows $1 Billion As Precaution Against Prolonged Strike
  3. Goodyear Revises Union Offer, Gets Blasted For Tyler Closing
  4. Goodyear to Publish Contract Offer

Bridgestone to Increase Prices in Japan

Bridgestone Corporation announced today that it will raise prices on 1 February 2007 for tyres, tubes and flaps sold in the replacement market in Japan. Prices for winter tyres will be increased on 1 April 2007. Specific price increases include 5.5 per cent for passenger car and light truck tyres, 8 per cent for truck and bus tyres, 10 per cent for construction vehicle tyres, 5.5 per cent for motorcycle tyres (excluding certain products) and 8 per cent for other kinds of tyres, and for tubes and flaps (excluding those for motorcycles).

Related news:

  1. Bridgestone to Increase Prices in Japan
  2. Bridgestone Announces 32.5 per cent Profit Increase
  3. Bridgestone to Raise Tyre Prices in Japan
  4. Bridgestone’s First Quarter Net Profits Down 18.4%

Top Industry Award for DME Tyres

DME Tyres has scooped an accolade by winning the Tyre Recovery Association (TRA)’s Audit Excellence Award for 2006. The award, which recognises and rewards the most professional approach to compliance and best practice in waste tyre collection and reprocessing, was presented to DME’s managing director Ken Plaster and commercial director Bill Clarke at the Rubber Industry Dinner held in Solihull last month.

Related news:

  1. TRA Launches Annual Award to Honour Commitment to Recycling
  2. PAS 107 quality products from the tyre recovery association
  3. New Audit Excellence Award
  4. EU Now Recovers More Tyres than US

Aftermarket Show Revamps Website

The Aftermarket Show has revamped its web site, signalling the launch of its visitor campaign for the 2007 show. The website www.theaftermarketshow.com holds everything there is to know about the event and also that of sister show Autosport International, enabling visitors to plan their visit around the four day long exhibition.

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  1. The Aftermarket Show Launches Website
  2. Fulda Moves Forward in the UK
  3. First TIC Product Endorsement
  4. Hankook Embarks on “Intensive Testing” Ahead of BRC

Hi-Q Becomes Rental Company Supplier

National fast fit operator, Hi-Q Fleet, has secured a major contract to supply the tyre management service to an expanding contract hire and lease company. Business & Vehicle Finance Ltd, based in Swansea, provides contract hire and vehicle leasing to local and national companies with a current fleet of over 100 cars and vans – and a plan to expand this to over 500 by the end of the year.

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  1. Hi-Q Wins Hendy Hire Contract
  2. Pirelli Introduces X-Pressure
  3. Bandag Ups Prices
  4. Appointments and Growth at Harvie Prema

PCL’s Accura Inflator Gains PTB Approval

The PCL Accura 1 inflator, launched at this year’s Automechanika, has passed the compulsory German test for digital inflation equipment. The PTB (Physikalisch Technische Bundesanstalt), sets standards for all gauge, calibration and metrology products used in Germany and only those which pass its rigorous tests for accuracy, safety and reliability are legally authorised for use.

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  1. MAHA UK Awarded Distributor of the Year
  2. Carlsson Appoints Rolf Schepp New Head Designer
  3. ESC Saves Lives and Money
  4. Michelin’s Latest Pub Eating Guide Hits the Streets

Credential and EMR Sign £400,000 Tyre Deal

Newton Aycliffe-based Credential Environmental and European Metal Recycling Ltd have signed an exclusive agreement for the processing of scrap tyres, in line with this summer’s start of the landfill tyre ban. Under the 12-month contract, car tyres on and off rim will be transferred from EMR sites to Credential Environmental tyre processing centres. An extension clause is included in the agreement, subject to approval by both parties.

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  1. Volvo trucks picks Goodyear in USA
  2. Rubberised Road Surface Trialled
  3. US Tyre Recycling Plant Damaged by Fire
  4. US-Mexico Border Tyre Removal Agreement Signed

Rockingham Adds Wet Grip Facility

The Rockingham circuit is best-known as the UK’s most modern and only purpose-built motor sport facility and the venue for exciting and action-packed motor racing. However, there is more to Rockingham than competitive motorsports, as the circuit is regularly used for testing, demonstration and driver training programmes. Apart from the original high-speed oval track, the facility boasts multiple in-field race circuit configurations, 4×4 off-road courses, a challenging rally stage and a city driving course.

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  1. Maxxis Enters Second Year of XRRA Rock Racing
  2. “Loads Better”
  3. Unipart Automotive Launches Apprentice Scheme
  4. Pirelli Launches R:01 “Eco-Friendly” Regional Truck Tyre

Sava Tires Moves Within Goodyear

Goodyear-owned tyre maker Sava Tires, one of Slovenia’ largest exporters, has become part of a new organisational structure of 11 Central and Eastern European countries. The move has reportedly been made to make the company more responsive and does not entail moving production away from Kranj, Sava Tires said in a press release on 2 October.

Related news:

  1. Hi-Q to Receive ‘Significant Investment’
  2. Goodyear Opens New DC For Central Europe
  3. Goodyear Cuts 150 Jobs Across Europe
  4. Goodyear launches DuraGrip City Tyre

Apollo Tyres to Raise 2.5 billion Rupees

Apollo Tyres has received approval from shareholders for raising 2.5 billion rupees through the issue of equity shares. The shareholders also gave approval for the board to allot up to 400,000 warrants on a preferential basis in one or more “tranches to promoter group companies,” Apollo Tyres informed the Bombay Stock Exchange.

Related news:

  1. Apollo Tyres Plans Share Issue
  2. Apollo Board Approves Share Buyback Proposal
  3. Falcon Tyres Polls Shareholders
  4. Michelin Sells Part of its Apollo Shareholding

Largest Cooper Shareholder Cuts Stake

(Akron/Tire Review) Cooper Tire & Rubber Co.’s largest single stock owner, Shapiro Capital Management LLC, cut its stake in the Findlay, Ohio-tyre company by some 73 per cent. The sell off reportedly occurred in the third quarter of this year. As of Sept. 30, Shapiro held 3 per cent of all of Cooper’s outstanding shares – 1.87 million shares, down from 7.01 million four months earlier. Shapiro is now the 17th largest Cooper shareholder.

Related news:

  1. Kumho Sets IPO Prices
  2. Cooper Feels Effects of Arkansas Strike
  3. Analysts Change Recommendations for Cooper and Sumitomo
  4. Analysts Upgrade Goodyear and Cooper Shares

ExxonMobil Chemical and Yokohama Rubber Develop Inner Liner

ExxonMobil Chemical Company and Yokohama Rubber Co., Ltd. (YRC) have developed DVA (dynamically vulcanised alloy) advanced tyre inner liner technology based on proprietary Exxpro polymers as well as alloys and application technology developed by YRC. The DVA advanced inner liner technology used in the film liner materials combines the flexibility and elasticity of a rubber with the low-air permeability of a plastic.

Related news:

  1. Yokohama to Build Thai Plant
  2. Yokohama Announces Two New Chinese Joint Ventures
  3. Yokohama Confirms India Site Acquisition
  4. Conti Producing Tyres for Yokohama in Brazil

Michelin Alpin Recommended by ADAC

The new Michelin Alpin cold weather tyre has been awarded the highest rating – ‘highly recommendable’ in a comparative test conducted by ADAC, the German Automobile Association and Europe’s largest automobile club. ADAC, together with its Austrian and Swiss counterparts—Österreischischer Automobil Motorrad und Touring Club (ÖAMTC) and Touring Club Suisse (TCS)—compared nineteen 185/60 R14 cold weather tyres.

Related news:

  1. Kleber Key Dealer Scheme
  2. Michelin Launches New 315/60 R22.5 X Energy XF
  3. Michelin to Raise Truck & Agri Tyre Prices in US
  4. ContiSportContact 3 Specially Modified for Panamera Fitment

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