“SP Super Sport 9000” From Dunlop
At the Essen Motor-Show, tyre manufacturer Dunlop is showing a new high performance tyre, called SP Super Sport 9000. It is a mixture of the SP 9000 and the racing tyre which is supplied exclusively to the German Tourcar Masters. The new tyre will be available in 17 and 18 inch sizes and it will be released in spring 2001.
Continue ReadingNew Order For Dunlop Sales Department
At the beginning of November, Hans-Burkhard Brandt became Sales Director for the Truck Tyre Department at Dunlop. His predecessor, Frank Pickshaus, becomes Assistant General Manager of the distribution section of the OE-department. At the beginning of 2001, the present Dunlop Sales Director Hans Jürgen Wagner will become General Manager in Hanau. Christian Stein, now Sales Director Commerce, will be promoted to Sales Director.
Continue ReadingPirelli Sells “Terrestrial Optical Networking Systems”
Cisco has agreed to buy Pirellis Terrestrial Optical Networking Systems for US$ 2.15 bn and also plans to invest US$ 100 million to take a 10% stake in Pirellis Submarine Optical Transmissions. The Photronic Business accounts for a turnover of 395 million Euros.
Continue ReadingPirelli in Motorcycle Sports
Pirelli is to be the exclusive tyre supplier to the European Superstock Championship 2000.
Continue ReadingGoodyear Sued By Customer
In the USA, Goodyear is defending a product liability lawsuit brought against the company by former customer Heatway Systems. Heatway alleges that Goodyear supplied it with millions of dollars worth of defective hoses, used in heating systems for buildings, which caused up to $2 bn of damage. Heatway has already paid $6.5 m to settle 119 claims.
Continue ReadingSpeedline Wheels For the Pope’s New Lancia
Italian company Lancia has built a new limousine as a present for the Pope. The car will be fitted with four special aluminum wheels produced by Speedline (Tabina).
Continue ReadingYokohama To Phase Out Truck & Bus Production At Hiratsuka Plant
As part of a policy to consolidate truck tyre production under one roof, Yokohama Rubber Co Ltd has announced it will phase out production of truck and bus tyres at its Hiratsuka, Japan plant by the beginning of 2002. All radial truck and bus tyre will then be produced at the companys larger plant in Mie, Japan and the Hiratsuka plant will concentrate on the production of non-tyre products.
Continue ReadingPhoenix Ambitious
Former tyre producer Phoenix (Germany) wants to double sales by 2005 (1999: EURO 859.7 million). Core businesses (now accounting for 86% of turnover) are car vibrations and acoustics, conveyors and hose systems.
Continue ReadingContinental Denies Shareholding in Apollo Tyres
Continental has denied reports in Indian newspapers that it has a 15% shareholding in Apollo Tyres. Continental is in talks with other companies in India but the results will not be announced until later this year.
Continue ReadingReifen Junginger Under The point S Roof
Speculation is now at an end: on 14th April, the German tyre sales company Reifen Junginger was sold. The new owner is Josef Herl, MD of point S Reifen Herl GmbH and one of the founders of sales cooperative Partner GmbH. Herl plans to completely restructure the new point S Reifen Junginger over the coming months.
Continue ReadingGoodyear Optimism Boosts Share Price
Goodyear recently turned in a bullish report on its first quarter performance. The market was impressed, as the companys shares rose 47% from its 52-week low in March. Industry analysts predict a good performance from Goodyear in the short term, with shares rising further.
Continue ReadingOnline-Tyreshop From Continental
During the annual shareholders meeting of Continental, the tyre manufacturer announced that it is going to build up an online tyre shop which will go live at the beginning of next year. At first he offer will contains passenger car tyres and service, and later complete wheels and car accessories will be included.
Continue ReadingBest-Ever Result for Dunlop Germany
Deutsche Dunlop GmbH, part of the Goodyear Dunlop Tire Group (Western Europe), has announced a record turnover in 1999 of 835 million Euro and a net profit of 63.3 million Euro. The operating profit was 12.5% of turnover. Dunlop Germany invested 68.5 million Euro, which represents 8% of turnover. The company has capital of 300 million Euro. Whilst employment in the rubber and tyre industry in Germany has decreased over the last ten years by 30%, Dunlop has increased its number of employees by 21% over the same period to 5,176 at 31st December 1999. The income of the four directors was excellent, averaging 2.9 million marks each as recognition of delivering outstanding results. From a German standpoint it is worth noting that the management have boosted location Germany. They showed the business world that it is possible to achieve excellent results in a German environment. The management remains optimistic for the future. Finance director, Dr. Volker Wingefeld, said that Dunlop expect to achieve results for this year comparable to those of 1999. The work of marketing director Dieter Seibert should also be mentioned. The Dunlop brand is stronger than ever before in Germany. The willingness to buy Dunlop is increasing significantly. Until last year the management held a press conference every year in Frankfurt, close to Hanau. Now, as part of a much bigger group, they are calling it a press-breakfast to get their message across.
Continue ReadingGoodyear’s Turnaround Delayed?
A Deutsche Bank analyst raised the Goodyear rating to buy because he believed in a turnaround story. Some analysts agreed, others saw Goodyear shares still only as neutral. But now it is different. Based on the latest statements from Goodyear, there are massive doubts regarding volumes and whether the pricing trend will be favourable. Analysts now believe that the situation will not improve before next year and that Goodyear shares will remain low.
Continue ReadingOff-Take Agreement Between Nokian Tyres And Michelin
Nokian Tyres announced an off-take agreement with Michelin, mostly for heavy tyres but also for car tyres. A month ago, Continental also seemed to be interested, but obviously finished runners-up.
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