You are here: / Tyrepress Editors

About Tyrepress Editors

This author has not written his bio yet.
But we are proud to say that Tyrepress Editors contributed 35524 entries already.

Entries by Tyrepress Editors

India reduces duty on Chinese tyres

Indian tyre manufacturers will have to compete with tyre imports from China at much lower protection levels in 2005. The Indian Finance Ministry has formally included China in the list of countries that can avail themselves of preferential rates of Customs duty on specified products under the Bangkok Agreement. Mr D. Ravindran, Director-General of the Automotive Tyre Manufacturers’ Association (ATMA), said that the five per cent concession in Customs duty would definitely result in more imports of truck and bus tyres into India from China.

Related news:

  1. Rubber Prices Set To Rise Sharply
  2. India Now 3rd Largest Market for Budget Chinese Tyres
  3. Indian Government May Offer Fuel-Efficient Incentives
  4. India’s ATMA Seeks NR Duty Reduction

Wennemer slams inflexible German labour market

The head of Continental AG slammed the German government on Monday for failing to tackle an inflexible labour market and said it was being forced to expand in cheaper locations abroad. “The decisions for the next two or three years have already been made. The government and the unions can no longer do anything about it – factories will be built elsewhere”, Chief Executive Manfred Wennemer told the Süddeutsche Zeitung.

Related news:

  1. Continental Cuts Back Production at German Tyre Making Factories
  2. Continental AG in State Aid Negotiations
  3. EURODA Offers 500 million euros for Stake in GM
  4. Conti donates to European flood relief

Waste firm wins recycling contract

CCR Logistics Systems AG, a German provider of waste-management systems, won a contract from PSA Peugeot-Citroen, Europe’s second-biggest carmaker, to set up and operate a recycling program for the company’s U.K. dealers. CCR Logistics didn’t say how much the contract was worth. The Munich-based company’s contract includes collecting oil, batteries, tires, florescent lighting and other waste from the dealerships.

Related news:

  1. Bridgestone to Increase Prices in all European Markets
  2. Frank Gregory Appointed Sales Director at Kraiburg Austria
  3. Michelin to Invest 30 million euros in Poland Production
  4. PYReco to Build Heat Degradation Tyre Recycler

ArvinMeritor to sell APA JV Shares to Kayaba

ArvinMeritor has announced that it has signed a definitive agreement to sell its 75 per cent shareholdings in shock absorber producer AP Amortiguadores (APA) to joint venture partner Kayaba Industry. The sale is subject to regulatory approval, and terms of the transaction were not disclosed.

Related news:

  1. SmarTire: $15 Million Standby Equity Distribution Agreement
  2. New Appointments to BERU’s Supervisory Board
  3. Michelin Partners Chinese Gymnast in Shoe Deal
  4. Sibur to Buy $600M of Amtel-Vredestein Debt

KoSa buys plant from Michelin

Polyester fibre manufacturer KoSa, with regional headquarters in Charlotte South Carolina, will buy Michelin’s textile factory in Winnsboro. The site, which has 185 employees, makes and treats polyester fabric used in tyre manufacturing. The agreement includes a multi-year contract in which KoSa will supply Michelin with fabric for its tyre-making operations.

Related news:

  1. Michelin To Buy 10 Per Cent Of Hankook
  2. Michelin Determined to cut North American Labour Costs
  3. Stoke Industrial Action Put on Hold
  4. New Plant Manager for Goodyear in Fayetteville

Goodyear majors with Volvo

The Goodyear Tire & Rubber Company has announced that it has reached global supply agreements to become a major tyre supplier to the Volvo Group in Europe and Brazil. Last month, Goodyear was named standard equipment tyre supplier for the Volvo Group’s Volvo and Mack truck operations in North America. Goodyear, with the three-year contracts, will now be a key supplier to the Volvo Group’s three major truck brands – Mack, Renault and Volvo – on three continents. “Reaching this global agreement with a world-class customer such as Volvo is a major accomplishment and a testament to Goodyear’s product quality, technology and customer service – not only on one continent, but on three,” said Robert J. Keegan, Goodyear’s chairman and chief executive officer.

Related news:

  1. Goodyear wins further Volvo contracts
  2. Marco Molinari Becomes Executive Vice President, HNI Corporation
  3. Hyosung to Buy Goodyear Tyre Cord Plants
  4. Volvo to Offer Goodyear Self-Repair Tyres

Waste Solution Group and Credential Environmental merge

National waste management specialist The Waste Solution Group (WSG) has merged with waste solutions and environment specialist Credential Environmental Limited (CEL). The agreement took effect on the 17th 2003. Both WSG and CEL will continue to operate autonomously, with Managing Directors Mick Fishwick (WSG) and Mike Jordan (CEL) remaining in post. All Directors of WSG will remain in post and Mick Fishwick will join the CEL Board.

Related news:

  1. SEMA and VDAT Make Agreement
  2. New Appointments to BERU’s Supervisory Board
  3. SmarTire Supplies North American Coaches
  4. Negotiations at Nokian Concluded

Phillips Carbon Black profits up

Phillips Carbon Black has announced its net profit in the year ended in September had jumped 244 per cent on the back of a 10 per cent growth in sales. A spokesman for Phillips Carbon Black said significant growth in carbon black offtake was expected next year. “We have reached an agreement with a leading tyre manufacturer for export of 25,000 tonnes of carbon black. We are negotiating with another tyre manufacturer for a similar deal,” he added. The company is raising the capacity of its Baroda plant from 18,000 tonnes at present, to 88,000 tonnes. The production capacity of its plant at Durgapur is being scaled up by 25,000 tonnes to 150,000 tonnes.

Related news:

  1. Amtel-Vredestein to Sell Amtel-Carbon Subsidiary
  2. Barum Increase Capacity
  3. Industrial Action Brings Bridgestone Production to a Stop
  4. Columbian Tiszai Carbon Completes Hungary Expansion

Sir Tom Farmer backs the automotive trade

Sir Tom Farmer is backing the automotive trade with his latest business venture. This involved a package of co-ownership where a co-owner puts up to 45,000 pounds into the business matched by 100,000 pounds of Farmer funding. Within five years the co-owner has the option to sell the business to Sir Tom Farmer. As co-owner the investor will be paid a salary, and will receive a profit related bonus each year. Sir Tom Farmer’s organisation takes care of all administration for the business, leaving the co-owner to get on with running the business on a day to day basis.

Related news:

  1. Fourth CITExpo Deemed Success
  2. Michelin Lifestyle Wins Brand Extension Award
  3. Michelin to Invest 30 million euros in Poland Production
  4. Kumho Gets Top Reviews From German Mags

Amcast Reports 2004 Q1

Amcast Industrial Corporation has reported financial results for its fiscal 2004 first quarter ended November 30, 2003. First quarter sales of 112.9 million US dollars compared with 112.2 million US dollars in the prior year. Net income for the quarter was 1.0 million US dollars, versus a prior-year quarterly net loss from continuing operations of 1.8 million US dollars. Amcast’s first quarter profit was due to continued strong performance by wheel plants and by the Wapakoneta, Ohio aluminium components plant.

Related news:

  1. Hayes Lemmerz to Close Wheel Factory
  2. Sales Up But Hayes Lemmerz Reports Q3 Net Loss
  3. Toyo Adds 30 Sizes to Lines
  4. Accuride Named Official Great Dane Supplier

TBC Corporation predicts 2004 growth

In the USA, the TBC Corporation has issued a bullish financial outlook for 2004, boosted by the contribution of 225 National Tire & Battery retail stores, acquired last month from Sears, Roebuck & Co. TBC expects earnings of around $1.80 to $1.90 per share; a 25 per cent increase over last year’s figure. NTB’s contribution will be around 15 cents per share. Net sales are forecast to be in the region of $1.7 to $1.8 billion. TBC has plans to add 20 company-operated tyre retailers and 25 franchised Big O stores next year, giving the company a total of 1,215 retail locations.

Related news:

  1. Titan’s Promising Third Quarter
  2. John Church Steps Down from Group Tyre
  3. Titan’s Q1 Sales Up 34 Per Cent
  4. Les Schwab Moves to New Head Office, Announces Appointments

Toyo’s first half figures down

Toyo Tire & Rubber has published its figures for the first half fiscal 2004 (six months ended 30.9.2003), which show a decrease in turnover to 900 million Euro. For the year as a whole, Toyo anticipates a turnover of 1.93 billion Euro, with tyres accounting for 1.233 billion, or 64 per cent. The full year operating income is predicted to be half the previous year’s level, at 50 million Euro, of which 75 per cent will come from tyres.

Related news:

  1. Toyo In Talks With Michelin
  2. Goodyear Face Price Rigging Commission
  3. Federal Enjoys Khuder showing in Drift Australia R4
  4. Bridgestone Maximising Raw Materials Efficiency

Bridgestone OE on new Acura TL sedan

Bridgestone Firestone North American Tire is the 100 per cent OE supplier of tyres for the redesigned 2004 Acura TL sedan. BFNAT will supply Bridgestone Turanza EL42 all-season tyres and Potenza RE030 summer performance tyres in the size 235/45 R17W. The Acura TL is designed to compete with vehicles such as the BMW 5 series and Lexus ES300.

Related news:

  1. Lexus to Fit Bridgestone Potenza Tyres
  2. Bridgestone Run-Flats An Option On Toyota
  3. Bridgestone to Supply Run-Flats as OE to BMW
  4. Bridgestone’s Wilson Facility Approved to Supply Run-Flats to BMW

Stephanie Bergeron to retire

Stephanie Bergeron (50), senior vice president, corporate financial operations for Goodyear, is to retire, effective December 31st 2003, to pursue other interests. Observers had thought that she would succeed Robert Tieken, Goodyear’s CFO, who turns 65 in May next year. According to Tieken, Bergeron has done an “outstanding job”. No successor for her post will be necassry, according to Goodyear.

Related news:

  1. Day of Action Against Goodyear Planned
  2. Goodyear Names Richard Kramer President of North American Tire
  3. Goodyear India to Pay Dividend – updated
  4. Goodyear Concludes Convertible Note Exchange

Goodyear wins further Volvo contracts

Goodyear has won global agreements to supply OE tyres to the Volvo Group in Europe and Brazil, following the recent award of a North American supply contract. The three-year contracts mean that Goodyear will be a key supplier to Volvo’s three major truck brands – Mack, Renault and Volvo. The tyres will be produced at Goodyear’s factories in Danville (Kansas), Colmar Berg (Luxembourg), Wittlich (Germany), Kranj (Slovenia) and Sao Paulo (Brazil).

Related news:

  1. Goodyear majors with Volvo
  2. Runflats in Europe from Goodyear Dunlop Tires Germany
  3. Goodyear Produces 4 millionth RunOnFlat Tyre in Europe
  4. Volvo to Offer Goodyear Self-Repair Tyres

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.