Continental Archives - Page 97 of 232 - Tyrepress

Hannover-based Continental AG is a leading automotive supplier and – according to the company – is “the choice of leading car manufacturers, offering award-winning tyres that deliver responsive braking in all weather conditions.”

Tag Archive for: Continental

Continental places first billion-dollar bond

Continental has placed US dollar-denominated bonds worth US$950 million with institutional investors in Germany and abroad. According to the company, the bonds have a seven year term and are being issued by Continental Rubber of America, Corp., USA, and guaranteed by Continental AG and selected subsidiaries. The annual interest rate will be 4.5 per cent and is substantially lower than the interest rate on the bonds issued by Continental in 2010. Interest will be payable semi-annually in arrears. The proceeds will be used for the early repayment of part of the debts scheduled to mature in April 2014.

13th September 2012/by Tyrepress Editors

Continental offers online tyre label help

Continental is now offering truck tyre retailers tyre labelling help through its website. As well as a comprehensive overview of the new EU tyre label legislation, its background and targets this said to include information on how to read the label, its implications for different industry sectors and importantly, its relationship to lowering the cost of driving.

12th September 2012/by Tyrepress Editors

Analysts: Conti’s DAX re-entry won’t make immediate waves

Following the news that Continental AG shares will once again be traded on the German DAX list, financial analysts have been assessing the impact that this likely to make on the company’s share price. For its part Morgan Stanley estimated that the impact will actually be “relatively small from a trading perspective – circa 1-2 days of trading volume and circa 1-2 per cent of the current available freefloat.”

10th September 2012/by Tyrepress Editors

Conti’s first winter tyre for coaches evolves for summer use

Continental has developed its first winter coach tyre, the HSW 2 Coach. Designed primarily for safety, but with the varying road surfaces involved in coach travel applications, quiet running, comfort and economy also in mind, the tyre, suitable for use on all axles of the coach, uses “intelligent tread pattern design” to provide the characteristics necessary for winter passenger transportation. But the really clever bit is that the tyre has been designed to wear in a way that will make it suitable for continued use when spring arrives.

7th September 2012/by Tyrepress Editors

Once again, Conti can relax in the DAX…

Almost four years after being shown the door at the DAX 30, Germany’s Continental AG is set to re-enter the exclusive group of the 30 major German companies trading on the Frankfurt Stock Exchange. Stock exchange operator Deutsche Börse announced Conti’s return to the DAX 30 on the evening of 5 September.

6th September 2012/by Tyrepress Editors

Conti’s Koeller, Kerle become ‘citizens’ of Hefei

Say Ni Hao to two of Hefei’s newest ‘honourary citizens’. At a recent ceremony in the capital of China’s Anhui Province, Mr. Burkhardt Koeller, Continental Tire division’s executive vice-president Finance and Controlling, and Dr. Tobias Kerle, general manager of the company’s Hefei tyre plant, were awarded Hefei City ‘honourary citizenship.’ This distinction, says Continental, is an official award acknowledging the Continental Tire division’s contribution and long-term commitment to Hefei city’s economic development. Mr. Wu Cunrong, secretary of the Hefei Municipal Party Committee, presented the award to Koeller and Kerle.

3rd September 2012/by Tyrepress Editors

Michelin celebrates motorcycle landmark at Ace Café

It is 25 years since Michelin launched the first radial motorcycle road tyres, and the French manufacturer has announced that it will mark the occasion at London’s Ace Café. Michelin will attend the venue’s regular monthly ‘Streetfighter Night’ on Friday 7 September, with ex-250 and 500cc world champion, Freddie Spencer. Spencer will arrive at the café at around 18:00-18.30 on a Michelin Pilot Road 3 liveried Virgin Limobike, which has been painted to mark to company’s switch to the ground-breaking Michelin sport touring tyres, which are now fitted to its entire fleet of Yamaha FJR1300s.

31st August 2012/by Tyrepress Editors

Conti claims best in class performance from PureContact

Continental boasts that its latest North American replacement market tyre, the PureContact, brings together “best-in-class wet braking, fuel efficiency and ride comfort.” The all-season tyre is available to North American consumers in a number of 15 to 18-inch rim diameters, a UTQG rating of 700 AA, and H and V speed ratings.

30th August 2012/by Tyrepress Editors

Fleet makes mileage savings with Continental

Family-run steel haulage company Randall Barber Transport reports that it is saving an average of eight pence per kilometre per tyre with Continental, with each tyre travelling up to 10,000km further compared with the fleet’s previous brand of tyres. The company also say it is enjoying the benefits of technical advice from the manufacturer’s Technical Services team. The firm originally selected Continental as preferred tyre supplier in 2009.

28th August 2012/by Tyrepress Editors

Conti expanding US headquarters

Continental Tire the Americas announced a major expansion of its US headquarters in Ft. Mill, South Carolina. US industry publication Tire Review shares that the three year old headquarters building will be extended by 16,000 square feet, creating a total area of 91,000 square feet. Along with a larger floorspace, the expansion will bring 80 new jobs to the headquarters over the coming four years.

27th August 2012/by Tyrepress Editors

Conti ‘doing the Baartman’ in Sumter

The inaugural plant manager of Continental’s still under construction Sumter plant in the US has been named. South African Craig Baartman, a 18-year Conti veteran, will be responsible for the factory’s overall leadership of the facility which, according to Continental Tire the Americas’ CEO Jochen Etzel, is scheduled to open in late 2013.

24th August 2012/by Tyrepress Editors

Conti names new head of Americas truck tyre technologies

On 31 August, Roger Stansbie, currently director of truck tyre technologies for Continental Tire the Americas’ Commercial Vehicle Tire business unit, will retire. Stansbie intends to return to the UK following his retirement and will be succeeded in his US-based role by Czech Republic national Libor Heger, who has been employed by Continental AG and its associated companies for the last 13 years.

23rd August 2012/by Tyrepress Editors

Football fans fork out £56,000 over a lifetime, says Conti

As a sponsor of the World and European Cup championships, Continental is well aware of the expense involved in supporting the beautiful game. Even individuals fork out a tidy sum for the privilege of supporting their favourite team. Figures released by Continental Tyres indicate that the average football fan will spend nearly £56,000 over a lifetime doing just that.

20th August 2012/by Tyrepress Editors

Mitas extends ATL distribution agreement

Mitas Tyres UK Limited says its customers will benefit from extension of its distribution contract with Derbyshire-based Ascott Transport Limited (ATL); the deal with ATL enables next-day delivery on the company’s range of agricultural, industrial and motorcycle products. ATL manages the storage and distribution of the tyre maker’s tyres throughout the UK, and hold stocks of Mitas, Continental and Cultor-brand tyres to the value of £800,000 to £1,000,000.

15th August 2012/by Tyrepress Editors

Continental, Alliance managers to steer South Africa recycling scheme

The Recycling and Economic Development Initiative of South Africa (REDISA) has appointed Continental SA sales director Eddie Jordaan and Alliance Tyre Africa managing director Piet Swart to key positions within the fledgling recycling scheme. Both men take up their posts with REDISA on 1 September.

14th August 2012/by Tyrepress Editors