Toyota awards Bridgestone for Asia Pacific supply performance
Bridgestone has been awarded for its contribution as an original equipment supplier to Toyota in the Asia Pacific region. The 2014 Regional Supplier Overall Outstanding Performance Award was presented to Shinichi Hanashi, chief executive officer of Bridgestone Asia Pacific Pte. Ltd., at the Toyota Motors Asia Pacific Engineering and Manufacturing Annual Supplier Conference, which took place in Thailand on 24 March.
Continue ReadingZenises developing 100-member Westlake Iberian tyre retail network
During its recent Partners Day in Bangkok, Thailand, Zenises announced the launch of its new Westlake retail initiative in Spain and Portugal. The Westlake affiliated garage network is being launch in 2015 and is aiming to support over 100 members over the next two years. The Westlake brand is already well positioned in Spain and Portugal with national coverage via selected distributors and it is through deeper co-operation with these established regional wholesale channels that the new retail network will be initially developed.
Continue ReadingAmerityre appoints new CEO
Amerityre Corp. has named Michael Sullivan who has been chief operating officer of the company since 1 December 2014 as CEO. The appointment took effect on 1 April 2015. In February, Amerityre, which makes industrial tyre products and polyurethane tyre technologies, reported that it cut its net loss by one-third in the quarter ended 31 December to $128,465 on sales of $1.35 million. This announcement marked the firm’s 78th consecutive quarterly loss.
Continue ReadingRussian light-vehicle sales plummet 42.5%
There is chaos in the Russian light vehicle market, with some of the fastest contractions on record. The Russian light-vehicle market posted a the highest rate of monthly contraction since the accelerated decline of 2009 of 42.5 per cent year-on-year to 139,850 units, according to the latest data set released by the Association of European Businesses (AEB). The chairman of the AEBs vehicle manufacturers committee blamed the pull-forward effect of the governments scrappage scheme and the heavy price inflation. The latter is no doubt a bigger reason for the collapse as the general macroeconomic environment in Russia continues to deteriorate alarmingly as the rouble weakens and sanctions bite,
Continue ReadingTrelleborg Australia acquisition finalized
Trelleborg has officially finalized the acquisition of Armstrong Tyres, an Australian agricultural tyre service and distribution company. According to the company, the transaction will be consolidated as of 10 April 2015. The acquired operation has its head office in Bendigo, Victoria, Australia. Sales in 2014 amounted to approximately 50 million Swedish krone. The acquisition, which is described as a “bolt-on” reportedly comes as part of Trelleborg’s strategy to strengthen its positions in “attractive market segments”. This concludes the purchase that was announced in an acquisition statement published on 31 March 2015.
Continue ReadingBorbet to build eighth aluminium wheel plant
In order to remedy a capacity shortfall, alloy wheel manufacturer Borbet GmbH has decided to erect a new factory. After evaluating the suitability of several sites in Germany as well as locations in Poland, Hungary and Brazil, the company has decided upon Kodersdorf in the German state of Saxony as the host region for its new greenfield facility.
Continue ReadingToyo Tires takes on baseball sponsorship with Boston Red Sox
US baseball team the Boston Red Sox has an official tyre, and that tyre is Toyo. Under a multi-year agreement, the tyre maker will be represented on signage at Fenway Park, home of the Red Sox, and holds the right to use the official tyre designation in its marketing.
Continue ReadingApollo lays foundation of Hungary Greenfield tyre manufacturing plant
Construction of Apollo Tyres’ first European Greenfield plant in Gyöngyöshalász, Hungary, officially began on 10 April 2015, with a foundation stone laying ceremony. The international tyre manufacturer’s facility will start production in early 2017. The facility will produce both, Apollo and Vredestein branded tyres and will cater to the entire European market.
Continue ReadingiTrack rental scheme gains momentum with second Translogik deal
Translogik, the trading division of sensor system provider Transense Technologies plc, has won a contract to supply its iTrack mining tyre monitoring systems to the entire fleet of 46 large haul trucks at the BHP Billiton-owned Spence copper mine in Chile’s Atacama Desert. The iTrack systems will be supplied using Translogiks new rental pricing scheme.
Continue Reading2 Kumho co-CEOs resign
Two Kumho co-CEOs resigned just a few days after being appointed, according to the Korea Herald. Lee Han-seon and Park Se-chang, son of Kumho Asiana Group chairman Park Sam-koo, resigned from the position of CEO after the company’s major creditors demanded the pair’s resignations. The banks cited procedural problems with appointments as reason for the resignation, the Korea Herald reported.
Continue ReadingTrax wins 1 million euro Renault aftersales contract in France
British wheel balancing weight manufacturer Trax has won a contract to supply balance weights to Motrio in France. According to Trax, the Motrio business is worth some 1 million euros over the next three years and will further strengthen the supply of Trax weights into France and the European market.
Continue ReadingReport: Bangladesh tyre market to grow at 9% CAGR
A new report suggests the Bangladesh tyre market will grow by 9 per cent compound annual growth rate between now and 2020 due to a rise in automobile sales, improvement in public infrastructure, and growth in purchasing power. According to the recently released TechSci Research report, “Bangladesh Tyre Market Forecast & Opportunities, 2020’’, several global tyre giants have also expressed interest in making significant investments by setting up their manufacturing units in the country.
Continue ReadingAustralian facility a global support base for Bridgestone’s mining tyre business
An operations base opened by a Bridgestone Corporation subsidiary in Australia is said to be the first facility in the world to specialise in mining tyre business development and to offer comprehensive solution services related to off-the-road tyres for construction and mining vehicles, belts and hoses. Reporting that an opening ceremony has been held for the Bridgestone Institute Global Mining Solutions Pty. Limited centre, Bridgestone states that the facility will act as a global core base, offering support and services that aim to optimise mining tyre customer operations in two primary areas.
Continue ReadingGRI increases industrial tyre prices
GRI (Global Rubber Industries), an industrial tyre manufacturer based in Sri Lanka, has announced plans to raise prices by between 8 per cent and 9.5 per cent. According to statement released by the company, the precise price increase depends on which country in the European market and is effective from 1 May 2015.
Continue ReadingApollo increases retreading focus in India
Apollo Tyres inaugurated its third Apollo Retread Zone (ARZ) in Mumbai, in the western part of India. Rajesh Dahiya, Group Head, Sales-APMEA (Asia Pacific, Middle East & Africa), Apollo Tyres Ltd inaugurated the outlet in Turbhe, Navi Mumbai. With the objective of providing quality retreading service to truck-bus customers and fleet owners, these branded outlets are equipped with most advanced retreading machines, high quality tread material and trained workers. The move demonstrates
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