Thyssen Krupp Acquires Magneti Marelli’s Shock Absorber Division
Thyssen Krupp, the car makers supplier, has taken over the majority of Magneti Marelli’s shock absorber and suspension department. Magneti Marelli is a subsidiary company of Fiat.
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Thyssen Krupp, the car makers supplier, has taken over the majority of Magneti Marelli’s shock absorber and suspension department. Magneti Marelli is a subsidiary company of Fiat.
Autopolis, the Bear-ish auto industry strategist is likely to downgrade forecasts for the US and North American automotive markets. Despite high sales, production is down by 20% and stocks 40% above normal. This follows an earlier warning of a forecast 11% drop in world-wide (in Western Europe and Asia too) demand, and alerts issued by Autopolis regarding over capacity, and the need to cut costs and improve marketing.
TYRES & ACCESSORIES, on hearing stories of a Continental sale of National Tyres and Autocare decided to put the question to National. In response to enquiries about the possible sale by Continental, Roger Hawkins, Managing Director of National’s Retail division told TYRES & ACCESSORIES, “Continental has no immediate plans to sell National Tyres, rather it has invested a considerable amount into the fast-fit chain in the past 18 months on branch refurbishment and acquisition of “High Street” locations and will soon be unveiling an ambitious new fleet programme.” National Tyres and Autocare is a wholly owned subsidiary of Continental AG and reports to Continental AG in Germany. If the Equity were to be sold off it would send shock-waves through the UK retail and wholesale trade.
Russia’s leading tyre manufacturer, Nizhnekamskshina, is to boost capacity by 2 million steel belted radial car tyres by 2002. There are also plans to create new truck tyre lines by 2003, to produce 17.5, 21.5 and 22.5 truck tyres for the domestic market. The $60 million investment is being supplied by a major Russian oil company and will see car tyre production rise to 7 million units, though overall output will remain at around 12 million.
Bridgestone/Firestone UK has renewed its four-year deal to exclusively supply logistics company Hays Logistics UK with new and retreaded tyres. Hays operates a fleet of two thousand vehicles and trailers and the deal is worth around 1 million Pounds a year. Service will be provided by the Truck Point network of independent tyre dealers.
The ContiTech Group of the Hanover-based Continental AG closed 2000 as the most successful business year in its history and, for the first time, each of its business units posted a positive operating result. Compared to 1999, the company increased sales by 4.2 per cent to 1.79 billion Euro. In 2000 ContiTech generated 68 percent of sales with automotive manufacturers and 32 percent with industrial customers in the non-automotive sector. The operating result (EBIT) experienced a disproportionate increase of 6.8 per -cent to 139 million Euro.
Four companies – SKF, Tenneco Automotive, TRW and Valeo – have signed a memorandum of understanding to develop plans to enhance the services offered to their European automotive aftermarket customers. The companies will investigate opportunities to share skills and resources in the fields of training, technical support services and logistics, especially transportation. The four companies will remain independent. Any alliance between the companies resulting from the initial investigation will be subject to the necessary government approvals.
The Continental Corporation boosted its sales in 2000 by 10.8 per cent to 10.1 billion Euro (prior year: 9,1 billion Euro). All corporate Groups contributed to this result. Because of nonrecurring effects totalling 60 million Euro, the operating result (EBIT) was reduced to 432 million Euro (prior year: 511 million Euro). The result after tax amounts to 205 million Euro (prior year: 235 million Euro).
Continental Teves (Frankfurt), part of the Continental Automotive Systems Group, has signed a licence agreement with Toklan Toos, the largest brake manufacturer in the Middle East. The company will produce and sell Electronic Brake Systems (ABS) in Iran.
The tyre industry is being swamped by companies trying to grab a piece of the e-commerce cake. Whether individuals like it or not, surviving in the tyre market in the future will depend upon access to technology, and the ability to buy and sell stock on-line. Who do you turn to? ContiContact? Tyreman? Cam Systems, Team Systems, who? Do you need Internet, or EDI? What are the legalities? The whole concept is confusing to the layman and the trader alike and the pace of change can be frightening to those who are not e-literate as they feel they may be left behind by increasingly-sophisticated customers. This series of articles looks at the potential, the hazards, the products, and throws in a healthy pinch of salt but still concludes that the future is electronic.
Our January issue carried items concerning the possible consequences of the EU Vehicle End of Life Directive, notably the suggestion that lead wheel balance weights might be banned for fitting as original equipment. Tin weights were suggested as a possible alternative. The article stirred up a very strong reaction from the pro-lead weights lobby, which is indicative of the depth of feeling that the matter can generate in the industry. As well as a letter from the Lead Development Association, Hofmann asked if they could answer some of the points raised in the article. We are always ready to put the other side of an argument, so this article examines the case for continuing with lead on economic, technological and practical grounds.
This year’s Tyrexpo show was held only a matter of weeks before a rival exhibition, being run alongside an already-successful aftermarket exhibition. It would be naïve to believe that the existence of two shows so close together has had anything but an adverse effect on both events, and the fear was that the tyre industry would be the loser if we had two bad shows. The total number of visitors to Tyrexpo Europe was a disappointment, but many of the exhibitors expressed themselves satisfied with the quality of visitors. Opinions were polarised – some were happy, others not, some said that the UK needs a dedicated tyre show, others were not so sure. One thing on which all were agreed is that we cannot afford the same two-exhibition situation in two years’ time. Our review covers exhibitor’s reactions – warts and all.
Simex Europe has been in existence since 1988, gradually increasing the size of its Monza range of car tyres and steadily increasing sales volumes. Then, in August last year, disaster struck when the Montinex group went into Administrative Receivership, as the group was Simex’s biggest customer, accounting for 60% of its turnover. With most of its eggs in one basket, it was, according to MD Raof Daud, a “near death experience” for the company. Simex fought back by going into car tyre distribution and growing its dealer network, and the come-back has been long and hard, with the company poised to be back in the black for the first time since the crisis. An exciting time for a new man to come in to take charge – Mr. A. K. Lee has recently taken over as General Manager, as Raof Daud has moved to another company within the Sime Darby group after nine years as MD of Simex.
Over the past two decades, many things of interest have happened in the tyre industry, reported in the pages of NEUE REIFENZEITUNG and our twentieth anniversary is a good time to look back over some of these events. It is not our intention to produce an historic overview, rather to remind you of some of the significant happenings in the market which were important at the time and are still having an effect today. For example, we have seen many takeover attempts of tyre companies – both friendly and unfriendly – from which we have learned that biggest is not always best. Fifteen years ago, the Goodyear group was worth more at the Stock Exchange than today; now it is worth $4 bn, fifteen years ago, Goldsmith offered $6 bn. There have been many changes in the tyre trade too, and methods of selling tyres have changed significantly. Cooperations have been successful, but above all we have seen the development of Partnerships between the industry and the trade; today the basis for these agreements is more rational than emotional. Last but not least there are a lot of people who have made the news over the past twenty years. Among these are tyre dealer Schütze, the man who awarded himself numerous academic qualifications, and tyre dealer Hesse, who was the brightest shooting star of the early 80s, and bankrupt in 1984. On the other hand there is the tyre dealer from Weiden, Peter Unger, who had a big success story with his ATU stores; a success which is still on-going. Among the many other personalities worth mentioning is Horst W. Urban, the man whose actions ensured that Continental has remained an independent company, and Marco Tronchetti Provera; probably the most successful tyre company manager over the last decade.
At the end of April the seventh round-table conference concerning tyres and tyre technology organised by the Tip Top Stahlgruber company took place in Munich. This year’s 91 participants came from many, varied backgrounds: There were tyre dealers, retreaders, material suppliers, representatives of associations (ADAC, BRV, DEKRA, TUV etc.), scientists and representatives of the vehicle and tyre manufacturing industries. Some of the highlights of the event included Hans-Jürgen Drechsler, deputy managing director of the BRV (Association of Tyre Traders and Non-Industrial Vulcanisers), speaking about development trends in the German retreading industry, which is characterised by a fall in sales, specially in the passenger car tyre segment, and a consolidation process among the companies in that sector. Furthermore Drechsler gave an overview about the actual status of ECE regulations 108 and 109 and their transformation into national laws. Other topics concerned the efforts in reducing tyre-surface-noise, the wrong tyre pressure as one of the main causes for serious accidents and last but not least the presentation of various non destructive methods of tyre examination. Due to the fact that the organiser of the meeting shortened the list of speakers, there was much more time left for intensive discussions; something which was appreciated by the conference delegates.
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