Hercules Tire to highlight new products at SEMA
Hercules Tire will showcase its latest tyres at SEMA 2015 in Las Vegas. Located in Booth #43079, the company will feature new consumer lines, such as the ultra-high performance Hercules Raptis R-T5, new medium truck tyre offerings, and new sizes in popular existing Hercules products.
Continue ReadingVW reports first quarterly loss in 15 years
The Volkswagen Group has reported third quarter 2015 pre-tax losses of 2.522 billion euros as a result of the emissions scandal the firm is embroiled in. The losses are attributed to 10.2 billion euros of special charges in the first nine months of the year. In addition market observers are concerned about the firm’s continued corporate policy.
Continue ReadingSumitomo Rubber holds opening ceremony for Turkey factory
Sumitomo Rubber Industries (SRI) has held an official opening ceremony for the group’s new tyre factory in Cankiri, Turkey, named Sumitomo Rubber AKO Lastik Sanayi ve Ticaret AS (SAT). The Falken brand manufacturer will use the new facility to supply both the local Turkish market, which is benefitting from the country’s steady economic growth, and the geographically adjacent EMEA regions.
Continue ReadingOmni United buys Interstate Tire Distributor
Omni United Pte. Ltd. has acquired Interstate Tire Distributor (ITD), a US tyre wholesaler based in California, USA. Further details of the transaction have not been disclosed. According to Omni United, the acquisition of ITD “substantially accelerates the global growth strategy” of the company.
Continue ReadingKumho’s US plant nearing completion
Kumho’s first North American tyre plant is due for completion in early 2016. The facility is sited in Macon, Georgia, close to Atlanta Airport, which Kumho explains is the busiest in the world, and under 180 miles from the international port of Savannah. Kumho aims to strengthen its position globally and in the key North American market, and has invested $420 million in the factory so far. When complete, the building will cover 21 acres, and produce around four million tyres per annum. Around 90 staff are already engaged on site, a figure that will rise to 400 by the time of next year’s opening.
Continue ReadingApollo aiming for Jordan market share
Apollo recently opened two Apollo Zone branded retail outlets- in Amman, Jordan. While one of the Apollo Zones was inaugurated by HE Anil Trigunayat, Ambassador of India to Jordan, the other one was inaugurated by Sujay Srivastava, head, Apollo Tyres Middle East and the Proprietor, The Ideal for Import and Export, Wael Qawasmi.
Continue ReadingBridgestone buys large US tyre retailer Pep Boys in US$835 million deal
Bridgestone Americas, Inc. is to buy large US tyre retailer The Pep Boys – Manny, Moe & Jack in an US$835 million all-cash deal. The transaction will be executed by Bridgestone Retail Operations, LLC (BSRO), a wholly owned subsidiary of Bridgestone Americas and follows the signing of a merger agreement under which BSRO will pay $15.00 per share, a price that represents a premium of 23 per cent over Pep Boys’ closing price of $12.15 on 23 October 2015 and a premium of 62 per cent over Pep Boys’ pre-buyout speculation price of $9.25 on 19 May 2015.
Continue ReadingRen Jianxin comments on Pirelli acquisition
Newly inaugurated Pirelli president, ChemChina’s Ren Jianxin, recently told Corierre della Sera of his pride in his company for completing the recent acquisition of Pirelli and his personal satisfaction to be working with Marco Tronchetti Provera. According to the interview, which was published in the Italy daily newspaper on 22 August, the acquisition and subsequent appointment is a great moment for ChemChina and for Ren himself it is a great honour to be Pirelli president and to work with Marco Tronchetti Provera, who he sees as an older brother and a teacher. He also revealed details of the wider strategy behind the investment.
Continue ReadingConti testing Gordonind solid tyre press
Gordonind, the equipment manufacturer, has announced that its Mini Mobile Press for solid tyres is being tested by Continental in Europe. Writing in a statement, the company said: “Gordonind are delighted to announce that the prestigious Continental Commercial Specialty Tires (CST) are now testing the Mini Mobile Press In Europe”. The company explained that the tests are being carried out “with a view to improving and enhancing mobile solid tyre service”.
Continue ReadingPirelli, Rosneft and Synthos move to next phase of synthetic rubber cooperation
On 22 October, Pirelli, Rosneft and Synthos signed a further Memorandum of Understanding (MoU) regarding the next phase of their synthetic rubber cooperation. The MoU refers to the approval of the results of an initial feasibility study begun in April regarding the development of a synthetic rubber plant construction project in Nakhodka. The document was signed during the Fourth Eurasian Forum in Verona by Rosneft chairman of the management board Igor Sechin, Pirelli executive vice chairman and CEO Marco Tronchetti Provera, and Synthos majority stakeholder Michal Solowow.
Continue ReadingReport: Costa Rica tyre market on the up
The tyre market in Costa Rica is forecast to grow during the next few year due to “expanding vehicle fleet and upcoming government reforms to boost growth in construction and transportation sector”, according to the “Costa Rica Tyre Market Forecast & Opportunities, 2020” report published by TechSci.
Continue ReadingSumitomo, Falken to present Advanced 4D Nano Design at Tokyo Motor Show
Sumitomo Rubber Industries will present its latest “Advanced 4D Nano Design” materials development technology at the 44th Tokyo Motor Show, with a booth displaying both Falken Tyre and Dunlop brands. The show runs 29 October to 8 November 2015 at Tokyo Big Sight, Japan. In Europe, Falken tyres have achieved double-digit performance improvements with the earlier application of these design techniques used to develop Ecorun-branded products. With a Dunlop-branded version already on sale in Japan Sumitomo has already previewed a prototype Falken “fossil fuel-free” tyre for the European market, and the 4D Nano design process has been used in their development too.
Continue ReadingHeuver Tyrewholesale showcases Aeolus, exclusive Barkley brand at Agritechnica 2015
Heuver Tyrewholesale will give particular attention to the Aeolus and Barkley brands at Agritechnica in Hannover (10-14 November). Aeolus exclusive to Heuver in certain European markets, while the Barkley brand is fully exclusive across the region. Heuver will be located in Hall 22 A14a.
Continue ReadingMAN and Goodyear expand driver training cooperation
Goodyear has become MAN’s exclusive tyre partner for its MAN ProfiDrive driver training initiative across Europe. The partnership includes equipping all 25 tractors and trailers used by MAN ProfiDrive with the latest Goodyear premium tyres. These comprise the fuel-efficient Fuelmax, the dedicated mileage line Kmax and the mixed service Omnitrac II for use both on and off road. Goodyear will maintain the tyres, which includes taking over the tyre repair shop. The partnership further involves Goodyear training the MAN trainers in tyre matters. This builds on Goodyear’s and MAN’s long-term close collaboration related to original truck equipment. The two companies have worked together for some time with events such as the MAN Trucknology Days.
Continue ReadingDelti adds Goodride support centres in Germany
At the start of October, the truck/commercial tyre division of Delticom AG, reported that it has successfully recruited further authorized Goodride support centres in Germany.
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