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Maxxis International UK plc is expanding its range of motorcycle and ATV batteries in response to changes in the market’s dynamics and rising demand. A 90-strong range of GS Batteries is sold through Bickers plc, a division of Maxxis International UK plc, along with the most popular Powerite batteries – the company’s own brand product which has now been reintroduced.
Indian tyre maker MRF Ltd. is considering a price rise of up to six per cent to meet a sharp increase in rubber and oil prices, a top official said.
However, the company would decide the timing and degree of the increase only after watching market conditions and the strategy of competitors, said Philip Eapen, executive director for marketing.
“Eventually if we do not increase our prices fully, there will be a time when we will incur losses,” he continued.
The EU Landfill Directive banning the landfilling of shredded used tyres came into effect on 16th July 2006, when all used tyres (with minor exceptions) will have to be diverted from landfill and recovered, re-used or recycled. This follows the earlier ban on the landfilling of whole tyres in 2003.
Michelin has been awarded 3rd Prize in an annual survey of shareholder services of the companies comprising the CAC 40 index. The 2006 survey carried out by “Journal des Finances” gave Total and Société Générale 1st and 2nd prize respectively. This third annual survey found that 67.5 per cent of the forty companies in the CAC 40, provide a quality, shareholder-driven service.
Now in its fifth year of online tyre business, Delticom AG continues to grow. Last year the company exceeded the sales goals it set itself, registering about 128 million euros in annual sales. This represents a 60 per cent increase over the previous year, when the company’s sales amounted to 80 million euros.
Wholesale activities accounted for around 20 million of Delticom’s 2005 sales, while online retail sales totalled approximately 108 million euros. Sales growth was said to be “particularly robust” in Germany, France, Switzerland, Sweden and Great Britain. Delticom recently ‘opened’ a new bilingual online store in Canada, which will offer some 60 tyre brands and 10,600 SKUs.
Fifa’s chief medical officer, Professor Jiri Dvorak, has published an open letter stating that there is no significant cancer risk from “certain granulate in-fills from artificial turf.” This, of course, largely refers end-of-life tyre derived products. “PAHs [Polynuclear Aromatic Hydrocarbons] are not released or at most negligibly released from tyre abradate,” Professor Dvorak’s letter explained quoting a 1997 report from the University of Dortmund Institute for Environmental Research.
BF Goodrich has confirmed its commitment to the FIA World Rally Championship in 2007, despite looking set to be the sole tyre supplier, following Pirelli’s decision to quit the series at the end of this season. BF Goodrich currently supplies all but one of the manufacturer-backed teams, namely the Subaru World Rally team, however, next season all the teams look set to use their tyres.
(Akron/Tire Review) Bridgestone Americas Holding Corp. has sued Connecticut-based Chemtura alleging that the firm and other chemical suppliers colluded on pricing. Such collusion, if proved, is illegal under the Sherman Antitrust Act. According to news reports, the latest lawsuit was a result of a previous suit against Chemtura and other chemical companies that was filed in the Northern District of California. A settlement was reached with all of the other companies except Chemtura, according to Bridgestone Americas.
(Akron/Tire Review) Kumho Tire USA Inc. has named Kelvin Oh as its new sales coordinator and general manager. In his new post, Oh is responsible for coordinating long-term strategy and sales plans for Kumho in the US and communicating market information to company headquarters in Seoul, South Korea. Most recently, Oh has been North America sales team leader based in Seoul.
(Akron/Tire Review – Reuters) Goodyear Tire & Rubber has made considerable progress on a North America turnaround, but looming pension liabilities, tough labour talks and high material costs are raising credit investors’ worries that further progress could be slow. Ignoring Goodyear’s strong rise in first-quarter earnings on 4 May, credit investors have sold off the company’s bonds, pushing prices lower over the past two months. Goodyear’s 7.86 per cent notes due in 2011 have fallen to 91.7 cents on the dollar from a high this year of 99.5 cents on 9 May, according to MarketAxess.
(Akron/Tire Review) Bridgestone Firestone North American Tire has confirmed that it will close its Oklahoma, City, Oklahoma, passenger and light truck/SUV tyre plant. The plant, which opened in 1969, employs some 1,400 workers. The plant will be closed by 31 December, according to BFNAT.
(Akron/Tire Review) Michelin brand passenger and light truck/SUV tyres are now being produced in Mexico for the very first time. Michelin North America upgraded its production facilities at its plant in Queretaro to allow Michelin-brand tyre production.
Maywood Equipment Group has supplied the Honda Formula One team, based in Brackley, Northamptonshire, with a floor-to-floor platform lift (The Move 30) for the team’s wind tunnel complex. The Move 30 is a high-rise elevator type vehicle lift with a travel range of 1.8 to 12 metres and a capacity of three tonnes. In addition to taking cars from one floor to another it is also ideal for basement or roof parking. At Honda the lift takes vehicles from the ground level to the wind tunnel on the first floor and then up to the museum on the second floor.
Goodway Rubber Industries Sdn Bhd has named a new management team effective 1 June 2006, in line with its recent corporate reorganisation exercise. New managing director, Alison Wong (Wong Ping Kiong), will lead the renewed management team.
Alliance Tire Co. ltd. has signed a supply contract with Caterpillar Inc., the world’s largest manufacturer of heavy engineering equipment. Alliance Tire expects the contract to generate $4 million revenue through December 2007. According to Alliance, the relationship could create other business opportunities for the company and help it penetrate new markets.
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