Starco reports that its Russia-based business, Starco Eastern Group, has moved into new and larger facilities in St. Petersburg. The operation’s new central warehouse has been established on a greenfield site within ten minutes drive from the St. Petersburg ring road; Starco says the move has brought its supply chain closer to its customers, and the new warehouse will simplify compliance with import procedures.
Shareholders ‘voted with their feet’ following the announcement that Apollo Tyres would acquire Cooper Tire & Rubber for US$2.5 billion, causing share prices to plummet from Rs 92.60 on 12 June – the day the deal was announced – to a low of Rs 54.60 (£0.61) nine days later. Now, several institutional investors are said to be speaking with the Indian tyre maker in the hope it will reconsider the transaction.
The sun is finally shining and summer – if somewhat belatedly – has arrived. Many caravanners are taking to the roads and TyreSafe has issued a reminder not to overlook caravan tyre pressure and tread depth.
Retail Motor Industry Standards and Certification (RMISC), a subsidiary of the RMI, announces the launch of the RI-MARK logo following its UKAS (United Kingdom Accreditation Service) approval.
Stuart James, RMI Director commented, "We are pleased with the positive response to our PAS125 accreditation service and our new logo allows accredited companies to demonstrate their compliance by displaying the RI-MARK that will become recognised as the definitive certification mark in the automotive industry.
Melton Mowbray, Leicestershire-based transport operator Charles Brown & Son Haulage Limited has become the first UK operator to fit Westlake tyres to its fleet since Vacu-Lug was appointed sole UK distributorship for the brand, which is produced by China’s largest domestic tyre manufacturer.
On 1 March, Titan International announced its intention to offer through a private placement, subject to market and other conditions, US$275 million aggregate principal amount of its 7.875 per cent Senior Secured Notes due 2017. The tyre maker says it intends to use the net proceeds from the offering to repay a portion of the existing indebtedness of certain of its indirect subsidiaries under the European credit facilities assumed as part of its acquisition of Titan Europe Plc in the fourth quarter of 2012. Any remaining net proceeds will be used for general corporate purposes, which may include financing potential future acquisitions and the repayment of other existing obligations.
Standards Testing Laboratories, Inc. (STL), has been recognized as the testing source to test drag race wheels to meet SFI Foundation, Inc. (SFI) specifications. SFI is a non-profit organization established to issue and administer standards for specialty/performance automotive and racing equipment. The organization has a formal relationship with more than 200 race sanctioning bodies, providing an SFI standard compliance label for use on race-related products.
With a view towards improving safety standards and raising awareness of the law relating to part-worn tyres, Cumbria County Council’s Trading Standards team and Cumbria Police plan to visit tyre retailers throughout February.
Toyo Tire & Rubber notes that in recent years there has been a trend towards tighter international relations, and this means enhanced governance and internal control as a corporate group are required. The Japanese company also says that in light of environmental and other issues, CSR (Corporate Social Responsibility) has become more important than ever. To cover these issues, Toyo has laid out two new documents, the Toyo Tires Group Charter of Corporate Behavior” and “Toyo Tires Group Code of Conduct,” which place top priority on compliance.
The 2nd Congress of Russian Ecologists, which took place in Moscow recently, hosted the presentation of the “Leader of Environmental Activity in Russia – 2012” awards. This was the 8th time the awards had been held and amongst the companies honoured this year was tyre maker Nizhnekamskshina. The company reports the award was given for its introduction and implementation of a systemised pollution control measures and the practical implementation of an effective programme improve the environment both at the Nizhnekamskshina plant and throughout the wider Nizhnekamsk industrial region.
Driver performance management company GreenRoad has published the results from its "Fleet Leader 2013 Outlook" study. According to the survey, the majority of UK fleet leaders, 56 per cent, are 'cautiously optimistic' about 2013, only 12 per cent are 'very optimistic', and 22 per cent, identify themselves as 'neutral' about the year ahead. More than two-thirds, 67 per cent, expect the price of fuel to rise ‘modestly’ in 2013, and a clear majority, 84 per cent, cite 'reducing fleet fuel expenses' as a significant or very significant challenge.
In the 12 years since Bandvulc Tyre Contracts (BTC) was formed in 2000, the company has established a 24/7/365 Tyre Support Unit (TSU), Galahad job sheet web software, a fully functional disaster recovery suite, new generation phone hardware/software and web-based reporting. Today the business manages over 100 key transport fleets including many well-known blue-chip names with the UK’s largest supermarket retailers all using Bandvulc tyres managed by BTC. At the centre of all this is what the company refers to as a technology and specifically a software revolution.
Well known tyre retail operation Merityre is up and running with a customer-facing display from CAM Systems in readiness to meet consumer requirements around tyre labelling from 1 November and benefit from the opportunity to up-sell to higher margin products.