TRW facilities honoured for quality of GM supply
TRW Automotive Holdings was recently awarded the 2013 General Motors Supplier Quality Excellence Award for “achieving consistently high levels of quality performance” during the past year at then of its manufacturing facilities.
Continue ReadingGlobal green tyre market to grow @10%
A new report published by Research and Markets suggests that the global “green” or eco-tyre market is expected to grow at a 9.82 per cent compound annual growth rate (CAGR) between 2012 and 2016.
Continue ReadingJK Tyre to invest in Chennai plant
At its board meeting on 24 October, the directors of JK Tyre & Industries Ltd approved a RS 14.3 billion (£144.5 million) expansion of its Chennai factory in eastern India.
Continue ReadingBridgestone extends championship skiing support
Bridgestone is supporting the Audi FIS Alpine Ski World Cup as it launches this weekend with the women’s and men’s Giant Slalom in Sölden, Austria. The tyre manufacturer is now a major event sponsor at 39 World Cup Alpine Ski events, including this weekend’s opening races. This is Bridgestone’s third consecutive season of close association with the pinnacle of alpine sport, and the company will continue as a major sponsor of skiing until at least 2016, having signed a three year extension to its current deal.
Continue ReadingFrench union wants Titan talks over Amiens Nord
Reuters is reporting union leaders at a closed Goodyear plant in northern France have agreed to talks with Morry Taylor, Titan International chairman and CEO. Taylor infamously said earlier in 2013 that the plant wasn’t worth saving, but reports suggest he is reconsidering his abandoned takeover bid for the plant. The French union wants give their demands directly to Taylor in his US office, Tire Review reports.
Continue ReadingConti wins European Deutsche Bahn contract
Following a Europe-wide tender process, Continental has been awarded a contract to deliver Deutsche Bahn some 17,000 bus tyres in several countries. Upon announcing the tyre supply deal for Deutsche Bahn’s DB Region and DB Arriva subsidiaries, the railway operator said Continental won the contract as its overall economic and service-oriented package created a favourable impression.
Continue ReadingCarlisle sells tyre and wheel business
In July, Carlisle Companies announced it was seeking “strategic alternatives” for its Carlisle Transportation Products (CTP) business after it recorded a non-cash pre-tax loss of $100 million due to goodwill impairment during the second quarter of 2013. This strategic alternative turned out to be a divestment; this week the company said the tyre and wheel business has been purchased by American Industrial Partners for an enterprise value of US$375 million. The deal is expected to close in the first quarter of 2014.
Continue ReadingMitas a Krone top supplier
German agricultural machinery and commercial vehicle trailer producer Krone has awarded Mitas a ‘Supplier of the Year’ award. The tyre maker earned this distinction in the tyre category and was acknowledged at Krone’s award ceremony in the company home town of Spelle, Germany on 18 September.
Continue ReadingTitan shows renewed interest in Amiens Nord
Maurice Taylor may take some of those ‘so-called workers’ after all. A text published by Agence France Presse yesterday says Titan International has made an offer regarding Goodyear’s Amiens Nord site.
Continue ReadingPirelli shareholder block evaluating early agreement dissolution
In a press statement dated 21 October, Pirelli & C. SpA shares that the leadership of its Shareholder Block Agreement met that day and decided, at the proposal of Marco Tronchetti Provera, to mandate Alessandro Pedersoli to launch consultations amongst all shareholders belonging to the Shareholder Block Agreement ahead of its expiry on 15 April 2014, with a view to evaluating the possibility of its early dissolution.
Continue ReadingCooper lawsuit to go ahead
A Delaware Chancery Court judge has turned down Apollo Tyres’ bid to have Cooper Tire & Rubber’s lawsuit against it dismissed. Judge Sam Glasscock III stated during a telephone hearing that both parties should “prepare for trial” if they can’t settle their differences alone.
Continue ReadingBridgestone adopts English as a corporate language
In its 2013 medium-term plan, Bridgestone Corporation reported its intention to implement English as an official company language. This measure was also discussed by company CEO Masaaki Tsuya at a press briefing held in Tokyo on 16 October; he said the step was been taken as part of the 2013MTP plan of becoming “truly global”.
Continue ReadingVredestein wins Cannes award for product introduction film
Vredestein has been rewarded for its Ultrac Vorti tyre introduction film at the 4th Cannes Corporate Media & TV Awards, one of the world’s most important awards competitions honouring excellence in the corporate audio-visual industry. Apollo Tyres’ film comprised a music video shot with a Google 360 degrees camera, exclusive composed music and a game available in the Apple store with Facebook integration.
Continue ReadingJiangxi Blackcat signs Europe distribution agreement
A deal with German chemical firm Lehmann & Voss & Co. and its Luvomaxx business unit offers further scope for China’s Jiangxi Blackcat Carbon Black inc. to penetrate European markets. Lehmann & Voss has signed a sales agreement with the state-owned carbon black manufacturer, securing exclusive distribution rights in 16 European countries. Luvomaxx will support existing direct contracts, mainly with the tyre industry, as part of the supply chain.
Continue ReadingBridgestone outlines tyre SBU consolidation in 2013MTP
Every year, Bridgestone releases a new Mid-Term Management Plan. Each covers a five-year period and incorporates rolling changes. In announcing its 2013MTP, Bridgestone says the latest plan reflects changes in the operating environment since the formulation of the 2012 mid-term plan and incorporates revisions and additional strategies and actions “as deemed necessary.” Amongst the themes covered by the new plan is the restructuring of Bridgestone’s tyre business strategic business units (SBUs).
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