Yokohama Awarded for Performance in Philippines
Established in 1996, Yokohama Tire Philippines was the first international company to establish a presence in the Clark Freeport Zone, the redevelopment of the United States Air Force’s former Clark Air Base. In acknowledgement of its long-term contribution to the zone in terms of investment, employment, environmental management and employee heath and safety, on July 13 the company received an Outstanding Recognition for Overall Performance award from the Clark Development Corporation (CDC). At the ceremony, Philippines president Gloria Macapagal-Arroyo presented the certificate of commendation to Yokohama Tire Philippines president Takayuki Hamaya.
Continue ReadingFalcon Tyres Divesting to Remain Listed
A chunk of Ruia Group company Falcon Tyres will be sold in order to increase ouput at its factory in Mysore, eastern India, and to ensure its promoters shareholder remains below the 75 per cent required to stay listed on the Bombay Stock Exchange. The share, according to Indian media, is to be sold to a private equity firm for Rs 1 billion (£12.6 million). “We are in the process of preparing our presentation and hope to be through with the placement within the next two months,” Falcon Tyres chairman Pawan Kumar Ruia told the Hindu Business Line. Ruia reports that the promoters’ share in the company went up to 86 per cent following the recently concluded open offer requiring either a public issue or private placement.
Continue ReadingMore US Miles Logged in May
After April 2009 broke the nearly year-and-half streak of falling year-over-year monthly mileage, it is welcome news that May continued the trend. Preliminary total vehicle travel reports from the U.S. Department of Transportation show a 0.07 per cent increase compared to May 2008. The year-to-date total remains down, 0.82 per cent compared to the same time in 2008, however that is also an improvement. In May of 2008, year-to-date travel was 2.5 per cent lower than 2007 levels. Total travel in May was 257,311 million miles, and 29 states posted increases in mileage. Rural travel increased by 0.83 per cent, while urban travel fell 0.17 per cent compared to May 2008. The rolling 12-month total is 2.77 per cent lower, however last month it was down 3.1 per cent, so the trend is certainly positive. (Tire Review/Akron)
Continue ReadingCooper Appoints New Operations VP, Plant Manager
Cooper Tire & Rubber Co. appointed John Bodart as vice president of its North American tyre manufacturing operations and Alex Perry as plant manager at the Texarkana, Arkansas, manufacturing facility. Bodart will oversee North American tyre plant managers, operations excellence, reliability engineering and lean engineering. A 20-year Cooper employee with experience in plant management, quality assurance, mold operations, tyre testing and product development, he most recently worked as plant manager in Texarkana, Cooper said. Perry will relocate from Cooper’s manufacturing facility in Melksham, England. Perry previously served in manufacturing operations, assembly operations and production roles in Melksham and Texarkana. Before joining Cooper in 2001, he spent several years in the British Army as a bomb disposal officer, reaching the rank of captain prior to his retirement. He also has prior experience with two other companies in management roles. Perry is the first Cooper employee to become certified as a black belt under the Cooper Tire Lean Six Sigma program, the company said. (Tire Review/Akron)
Continue ReadingSchaeffler Accused of Blocking Continental Merger
Continental AG chief executive, Dr Karl-Thomas Neumann, has reportedly written to the Schaeffler Group’s family owners alleging Schaeffler has tried to block the two companies’ merger with “incorrect assumptions about the company’s value and a reluctance to agree to key points.” According to the Financial Times, the letter alleged that Schaeffler’s banks had “communicated an unrealistic value of 12 billion euros (£10.325 billion; $17 billion) for the automotive supplier. FT reports that Dr Neumann is now “heading for a showdown with Schaeffler at [the] supervisory board meeting next week, when he will push for a decision on several key points as a basis for a merger of the companies.” The financial newspaper described a proposal document Dr Neumann has presented to supervisory board members ahead of the meeting. In it he demands that the combined group strive toward an investment grade rating as quickly as possible: “From 2010, the group should have a maximum net debt of three times operating profit (earnings before interest, tax, depreciation and amortisation) and equity ratio of 25 per cent, the document says.”
Continue ReadingMagna Launches 3 New Solid Tyre Sizes
Magna has launched three new solid tyre sizes - 26.5-25; 29-5-25; and 35/65-33. According to a company press release, the new tyres are of “superior quality for the toughest applications on industrial vehicles with risks of impact and damage.” The tyres are reportedly stable, puncture resistant and maintenance-free with “high loading capacity” for forklift trucks and other industrial applications.
Continue ReadingMichelin Names New Commercial Director
Bill Schafer, 42, has been appointed commercial director of Michelin’s truck and bus operations in the UK and Republic of Ireland. Schafer previously spent five years as vice president of Michelin’s North American agricultural division based in Greenville, South Carolina. Schafer brings 16 years of experience within the Michelin Group and most recently held roles including three years as European key account manager for Michelin Fleet Solutions based at the company’s worldwide headquarters in Clermont-Ferrand, France, prior to which he was commercial irector of Michelin’s truck operations in Mexico and Central America.
Continue ReadingHayes Lemmerz Receives Daimler Truck Award
Hayes Lemmerz International has become one of a small number of companies acknowledged by Daimler Trucks North America for meeting its rigid quality requirements and expectations. This recognition came in the form of a Masters of Quality Award for 2008. It is a great honour for us to receive this high recognition for quality excellence from one of our valued customers, said Donald Hampton, Jr., Vice President, North American Operations. We are proud of our Akron facilitys accomplishments. Our Akron facility, like all of our global facilities, is committed to continuing to deliver world-class products to Daimler Trucks and all of our global customers.”
Continue ReadingApollo Tyres to Supply 50% Nissan Truck South Africa OE Needs
Apollo Tyres South Africa recently won the contract to supply half of Nissan Diesel’s truck tyre requirements. Nissan Diesel SA (Pty) Ltd, based in Rosslyn Pretoria, have reportedly chosen Apollo Tyres South Africa (formerly known as Dunlop International) to supply the Dunlop brand steel radial truck tyres, in an “open-ended contract.” The deal with Nissan Diesel is the single largest original equipment deal secured with a vehicle manufacturer since the reinstatement of Apollo Tyres South Africa’s Original Equipment department early last year. Dr Luis Ceneviz, Apollo Tyres South Africa’s CEO said: “We are proud to be collaborating with Nissan Diesel as both companies share a common goal of exceeding customer expectation and growing its share of business. We look forward to many more such partnerships into the future.”
Continue ReadingCooper Responds to Consumer Demand with New Sizes
Cooper Tire & Rubber has announced that, in response to consumer demand, it has added new sizes to a number of its tyre line-ups. These new sizes, the company states, form part of its effort to ensure replacement tyre buyers have the ability to make the right tyre purchase for their vehicle. The expanded Cooper tyre ranges include the following additions:
Continue ReadingRomanian Hospital to Benefit from Pirelli Sponsored Training
Pirelli Tyre has signed a memorandum of cooperation with Romania’s Health Ministry, pledging to finance a training programme for staff at a hospital in Slatina, where the Italian company’s Romanian factory is located. Medical staff from the County Emergency Hospital’s Emergency Reception Unit will receive training at Milan’s Niguardia hospital, continuing a cooperation between the two units that began around a year and a half ago. The document was signed in Slatina by Pirelli Tyre’s Romania director Enrico Malerba and Romanian health minister Ioan Bazac on July 23. Italy’s ambassador to Romania, Mario Cospito, also attended the signing ceremony.
Continue ReadingApollo Chairman Speaks on ‘Signs of Revival’
While addressing shareholders at the Apollo Tyres Annual General Meeting, company chairman Onkar S Kanwar expounded upon what Apollo has gained and learned in the past year. His topic, titled ‘Navigating a Slowdown’, centred upon the company’s business model, which according to Kanwar has enabled Apollo to remain afloat during the recent slowdown. This business model, Kanwar explained, covers Apollo’s three main principles: domestic markets, cost and quality initiatives. Sticking to this tried and tested business model has paid dividends during the past twelve months, he added. “Last year’s crisis has allowed your company the opportunity to break structures and behaviours that sap productivity and effectiveness out of organisations. It has allowed your company to realign itself to a new reality.
Continue ReadingBrityrex 2010 Embarks on ‘Major International Marketing Drive’
A major marketing campaign is underway to promote the next staging of Brityrex International, which will take place at Manchester Central 5 -7 October 2010. Show organisers ECI International report that early July saw the distribution of 10,000 information packs for the UK’s only dedicated tyre, accessory and workshop equipment trade exhibition. This activity will be supplemented by extensive UK and international tyre trade advertising, marketing, information and online campaigns over the next 12 months. In addition to covering all sectors of the tyre industry, Brityrex 2010 will also place increased emphasis on workshop equipment, tools and services. Research suggests that tyre retailers and distributors have delayed or postponed making capital purchases during the recession, which is expected to create increased demand for new equipment as market conditions improve later next year.
Continue ReadingKlarius Responds to DEFRA Report
The UK has the worst road pollution in Europe, according to a recent government report, with 95 per cent of cities exceeding the European Union limits for nitrogen dioxide (NO2). This figure is almost double that of the next worst polluter, Germany, where 52 per cent of cities exceed the limit, followed by Italy with 42 per cent, France (21 per cent) and Spain (14 per cent). While the report by the Department for Environment, Food and Rural Affairs warns that the UK will face large fines for breaching the EU limit unless radical measures, such as national road pricing and subsidies for electric cars, are taken, exhaust system manufacturer Klarius firmly believes that the best solution would be to ensure the quality of exhausts and catalytic convertors fitted to the UK’s cars.
Continue ReadingCITExpo 2009: Tiremart Hoping Visit will Bring “Good Luck”
Tiremart (Qingdao) set up in the year of 2000 in the CBD of Qingdao, China. Its specialises in exporting TBR, PCR, OTR, agricultural, motorcycle tyres, as well as tubes, flaps and rims to more than 50 countries in the world, with its main markets in the Middle East, India, South Asia, Africa and South America. It reports that its annual turnover reaches over $30 million. The company sells factory brands in addition to its own brand, Maxim. Currently, the Maxim brand includes an OTR series, rims, and TBR 1000R20 with an Indian market pattern. Tiremart says that it plans to develop and promote the brand further in the near future. It also states that the OEM tyre business makes up 40 per cent in our sales volume. As for its presence at CITExpo, the company states, “We would like to meet old and more new customers. We hope CITExpo this year will bring us good luck and will help us to make another big success in near future.”
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