Kraiburg Austria offering LD envelopes only from now on
Kraiburg Austria changed its outer envelope range to the new Kraiburg LD series as of January 2015. LD stands for Long Durability, which equates to long life. According to the company, the outer envelopes offer easy vacuum drawing and handling during the process of enveloping and are “decisive in addition to the lifetime for the retreaders”.
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Environmental certification for Yokohama tyre plant in China
Late last year, the Yokohama Rubber tyre factory in Hangzhou, China was certified by city authorities as a ‘Hangzhou City Environmental Education Base’. The company views this certification as significant as, out of the some 300,000 companies operating in Hangzhou City, only 30 have been granted this certification – and the Hangzhou Yokohama Tire Co., Ltd facility is only one of four certified manufacturing operations. The certification was granted on 26 November 2014, and is the second environmental recognition the Yokohama facility in Hangzhou has received. In 2013, Hangzhou Yokohama Tire was certified as an Environmental Education Base by the Hangzhou Economic and Technological Development Zone, where the company’s facilities are located.
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Pirelli’s ‘Cyber Tyre’ designed to ‘read the road’
The latest innovation to emerge from Pirellis Milan headquarters is the “Cyber Tyre” and with it Pirelli believes it is pioneering a new generation of tyre technology. The Cyber Tyre features embedded sensors and is designed to provide vital information about vehicle performance and road conditions. The idea is that this data is then conveyed to the driver as well as to the car’s electronics, helping improve safety and efficiency.
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Stephen Marsh appointed Hankook’s retail development manager
Starting 5 January, Stephen Marsh has taken on the role of retail development manager at Hankook Tyre UK. Marsh brings with him 30 years of industry experience at numerous companies, including Kwik Fit, Pirelli, CPK Auto Products and Stapleton’s Tyre Services, and he is tasked with the goal of contributing to the further development and expansion of the Hankook Masters Program in the UK. The tyre maker views his extensive experience as a trainer as an important skill that will allow him to provide added value to the network. Marsh will also work with other regional retailers and assist in developing the reach of Hankook’s portfolio.
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Snap your ‘favourite’ pothole on 15 January
A new national day to rival St George’s Day will be observed for the first time this year – 15 January is National Pothole Day, a campaign day organised by Street Repairs in order to prompt motorists to speak out against the state of our roads. A number of companies within the tyre industry – including manufacturers, wholesalers and retailers – have voiced their support for the day.
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John Lucas to follow Ruocco as Goodyear’s chief human resources officer
As of 2 February, John T. Lucas will succeed Joseph B. Ruocco as Goodyear Tire & Rubber’s chief human resources officer, and will be appointed a senior vice-president of the company. He comes to Goodyear from Lockheed Martin Corporation, where he served as senior vice-president of human resources and communications.
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Dunlop extends Moto2, Moto3 tyre supply deals
The lightweight and intermediate classes of the MotoGP World Championship will continue to run on Dunlop tyres following the renewal of the company’s sole tyre supply agreements for Moto2 and Moto3. Dunlop was appointed sole tyre supplier at the respective launch of both classes in 2010 and 2012.
Continue ReadingNorwegian retreader Gummiservice Produksjon joins Marangoni Ringtread network
Marangoni Retreading Systems Deutschland GmbH has named Gummiservice Produksjon A/S from Rade, Norway as the latest member of the Marangoni Ringtread network. According to the company, retreads 40,000 tyres a year and is therefore a significant player in the Norwegian and Swedish markets.
Continue ReadingMichelin implements partial share buyback management agreement
At its Annual Shareholders Meeting on 16 May 2014, Michelin authorised a partial share buyback scheme, and now it is utilising an investment services provider to meet “certain objectives” of what it calls its “Share BuyBack Program”. Under the terms of the agreement signed on 9 January, Michelin has given the investment services provider the green light to sell up to one million Compagnie Générale des Établissements Michelin shares to Compagnie Générale des Établissements Michelin. These shares will be purchased between 12 January 1, 2015 and 27 November 2015, at an average price to be determined objectively and independently by the market over the duration of the agreement, less a guaranteed discount.
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Modern cars are more hackable than ever
Modern cars are in danger of being hacked by criminal gangs, motoring experts have warned once again. Possible motivations for hacking are said to include theft of information, extortion and even causing vehicles to crash. Security vulnerabilities in connected cars and in TPMS/RFID systems have been identified before (see Automotive suppliers, smart cars, intelligent tyres and safety concerns in last Februarys magazine and Researchers Hack a Hole in TPMS in the September 2010 issue of Tyres & Accessories), but now attention is turning to cars fitted with wireless networks and Internet. The fear is that these connections can be exploited by hackers with access and control a cars systems, including braking and acceleration potentially being overriding remotely, according to security consultants.
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Jaguar to make crossover vehicle in Solihull, creating 1,300 jobs
Jaguar Land Rover is to manufacture a new “performance crossover” vehicle at its Solihull production plant. According to the announcement made at the Detroit Motor Show, together with a bid to extend its expertise in aluminium and lightweight technologies, the company will create 1,300 new jobs. These are in addition to the 1700 created in 2013 for the introduction of the Jaguar XE. The companys headcount has doubled over the past few years to more than 32,000 globally, of which 30,500 are in the UK.
Continue ReadingNew general manager at Aeolus Tyre
Zhang Xiaoxin is now general manager at Aeolus Tyre Co Ltd following his appointment to the role last month. He previously held the position of deputy general manager.
Continue ReadingAeolus Tyre fined for falsifying 2011, 2012 financials
In a Chinese-language statement submitted to the Shanghai Stock Exchange on 9 January, Aeolus Tyre Co. Ltd reports that the Henan office of the China Securities Regulatory Commission has fined the company for falsifying its financial results for the 2011 and 2012 fiscal years.
Continue ReadingPirelli underwrites new revolving and term loan multicurrency facility
On 9 January, Pirelli signed a new revolving and term loan multicurrency facility worth a total of €1.0 billion and with a maturity of five years. The facility replaces an existing €1.2 billion revolving line of credit that is due to expire in November 2015 and which, as a consequence, will be cancelled in advance. The new revolving credit line totals €800 million while the Term Loan amounts to €200 million, with an amortisation structure which reflects the Pirelli Group’s cash flow generation and deleveraging trends.
Continue ReadingContinental aiming for 5% sales growth in 2015, releases preliminary 2014 results
The European replacement tyre market displayed a “pronounced weakness” in the four quarter of last year, says Continental Corporation, however during the 2014 fiscal year the company as a whole managed to grow year-on-year, and achieved an annual turnover of approximately €34.5 billion. The company’s adjusted EBIT margin exceeded 11 per cent.
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