Analysts Downgrade Bridgestone
Deutsche Bank analysts have downgraded Bridgestone shares to hold. The news comes after the Japanese company’s share price reached the analysts’ target level. Bridgestone shares are now rated as ‘hold,’ with a modified target price of 2450 yen against the previous level of 2500 yen.
Continue ReadingBalkrishna to Invest £39 million in Expansion Plans
Tyre manufacturer, Balkrishna Industries Ltd says it will invest 3 billion rupees (£39 million) on expansion plans. The board of directors has reportedly approved the plans which include increasing tyre manufacturing capacities at Bhiwadi, Waluj and Chopanki plants to 100,00 tonnes per annum against 60,000 presently.
Continue ReadingEating Out in 2006
Michelin is launching the 2006 edition of its Eating out in Pubs guide. It will feature more than 500 of the best dining pubs and inns in Britain and Ireland, and will be available from the 30 September. There are 75 new entries in this year’s guide, bringing the total number of establishments listed to 525. Also included is the 2006 Michelin Pub of the Year. The award went to The Rose and Crown at Romaldkirk near Barnard Castle, County Durham.
Continue ReadingAmerityre to Develop Polyurethane Retreads
Amerityre Corporation has begun the development of a polyurethane tyre compound and manufacturing process for retreading medium commercial truck tyres. Amerityre believes the retreading process, which has been successfully developed and tested in passenger car tyre applications, is a natural fit for the medium commercial truck tyre used by tens of thousands of over-the-road truck fleets worldwide. “The benefits of polyurethane elastomer as a tyre compound are evident,” said Richard Steinke, president and CEO of Amerityre. “In both endurance and high speed testing our polyurethane compounds have run substantially cooler than rubber. In addition, these compounds have outperformed comparable rubber compounds in both accelerated heat aging and ozone testing,” he added.
Continue ReadingApaseal Partners With Tech
Apaseal has announced “a new active partnership” with tyre repair material manufacturer Tech International. The announcement follows Apaseal’s key supply partner model. Other partners include Corghi for equipment, Dionys Hofmann for balancing weights and Schrader for the companies valve needs. The Tech products will provide the UK tyre trade with a wider choice of methods and repairs for tyre and wheel service products. At a recent meeting at Apaseal’s head office, plans were finalised to introduce the Tech range for distribution alongside Apaseal products nationwide.
Continue ReadingMichelin Opens $70.2 Million Hungary Factory
Michelin has opened a new passenger car tyre manufacturing facility in the Hungarian city of Nyiregyhaza. The French company has invested 14.5 billion forints (£39.8 million) in the new production unit, which is expected to produce 800,000 tyres annually and will employ 217 people.
Continue ReadingEasy Round
Rema Tip Top has launched a new wheel straightener called Easy Round. The portable device can be mounted on to a tyre changer; requires no external power source (such as air or electricity) and has no over-heads or maintenance costs.
Continue ReadingShould Formula 1 Have a Control Tyre?
Jenson Button, David Coulthard, and Ralph Schumacher have all recently complained about tyre performance at the Brazilian and other Grand Prix. Before that there was the whole US Grand Prix debacle. Most observers and industry insiders put this down to FIA’s ‘one tyre for a race weekend rule.’ Could these and other problems all be solved with a control tyre? click here. to state your views. Don’t forget to leave some contact details so we can publish your views at a later date.
Continue ReadingRaising the Bar
The Aftermarket Show, is putting some “never-before-seen” initiatives into place to attract more exhibitors to the event. The 2006 show will feature a series of seminars which will tackle various issues for the numerous industry sectors it caters for, including: Accessory retailers, motor factors, distributors, independent garages, fast-fits, body shops and franchises.
Continue ReadingNokian Buys US Distributor
Nokian Tyres has purchased US companies University Wholesalers Inc and University Wholesalers in order to strengthen its wholesale and logistics in the strategically important North American winter tyre markets. The purchase agreement was signed 28 of September 2005.
Continue ReadingHofmann Granted ATL Approval
Hofmann has received full GEA Automated Test Lane approval. Richard Dixon from VOSA and Dave Garratt, chief executive of the GEA, over saw the testing which was completed at UK Equipment’s headquarters in Reading.
Continue ReadingWin Tickets to the 2006 World Cup
Tyres & Accessories has teamed up with Continental Tyres to run an exclusive world cup competition. In its capacity as Official Partner of the 2006 FIFA World Cup, Continental is offering one reader the chance to win two all expenses paid tickets to next year’s tournament. A further 10 runners up will receive a goodie bag packed with World Cup merchandise, including match footballs. For more information log onto www.conti-online.co.uk or see the October issue of T&A.
Continue ReadingMichelin Invest in Dundee
Michelin has invested in a wind turbine electricity system at its Dundee facility. Two giant turbines, each 400 ft high will be operational as of next February and will provide around a third of the factory’s annual power demands. In a company statement the manufacturer announced that contracts are being finalised with the developer, Ecotricity, and installation will begin within the next few months. The new turbines will generate 8 million kwh of power.
Continue ReadingBridgestone UK Adds To Sales Team
Bridgestone UK has appointed Tim Dougherty as Trade Sales Manager (North). He has spent his career in the tyre industry, working for a truck rental company and spending eight years as Bridgestones area sales manager in the Midlands. Reporting to head of truck sales Julie Plumb, Mr. Dougherty will manage a team of five salesmen and will be responsible for all Bridgestones truck and bus tyre sales in the northern half of the UK.
Continue ReadingDelphi Appoints MD
Delphi has appointed Lúcia Moretti as managing director, Delphi Product & Service Solutions Europe, Middle East and Africa. In her new role, Ms Moretti heads up a new structure within Delphis aftermarket division, designed to drive the growth of aftermarket business in the region.
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