Bridgestone Americas, Inc. has named Andy Sobotta its Chief Information Security Officer (CISO). He begins in this capacity on 21 May and will be based in the company’s headquarters town of Nashville. He will report to Stefano Mezzabotta, chief information officer, Bridgestone Americas, with dotted-line reporting to Chris Karbowiak, chief administrative officer, chief risk officer and executive vice-president, Bridgestone Americas.
Titan International has announced the closing of its offering of $400 million aggregate principal amount of 6.875 per cent Senior Secured Notes, due 2020.
Titan intends to use the net proceeds from the offering to finance the purchase of the Company’s 7.875 per cent Senior Secured Notes due 2017 validly tendered pursuant to a tender offer and consent solicitation which it commenced on September 23, 2013, and to pay all consent payments, accrued interest, costs and expenses associated therewith.
Since the start of August Dr. Ralf Cramer has been headquartered in Shanghai as head of Continental China. Replacing him as chairman of the Management Board for the Chassis & Safety division is Frank Jourdan, who has also joined Continental’s Executive Board. Jourdan’s appointment to the board was confirmed at Continental’s Supervisory Board meeting on 25 September, together with the renewal of Dr. Elmar Degenhart’s tenure as Executive Board chairman for a further five years.
It’s been a year since Continental returned to what it calls the “stock exchange premier league”, and the German firm considers its DAX comeback to have been an “overwhelmingly positive” one. Over the last twelve months the company’s shares have risen more than 54 per cent to €125.55 and even recorded an all-time high of €127.45. And after joining in 22nd position for market capitalisation, the company moved up to 19th place thanks to strong share performance.
As of 1 January 2014, Nokian Tyres’ Heavy Tyres and Truck Tyres business units will be integrated into a single entity, Commercial Tyres. The Finnish tyre maker says the integration of both operations into a combined business unit will not have any immediate impact on the 280 or so people currently employed in Heavy Tyres and Truck Tyres, and it states the decision to form the Commercial Tyres business unit was taken in order to provide a “better chance to develop operations and improve sales.” Nokian president and CEO Kim Gran also pointed out that the synergies of integration should clearly improve profitability.
Titan International announced on 19 September that it has withdrawn the elements of its 2013 guidance related to revenue and EBITDA. In a statement, the company said it “does not anticipate issuing any further updated guidance until its 2014 guidance is issued by January 2014.”
Tyres & Accessories' 2012 rankings of the leading tyre manufactures in the world according to tyre turnover, pre-tax profits and operating profit has now been published online. First published in our June 2012 print edition, subscribers can view the details of this year's table by clicking more.
Tyres & Accessories' rankings of the leading tyre manufactures in the world according to tyre turnover, pre-tax profits and operating profit has now published online. First published in our June 2011 print edition, subscribers can view the details of this year's table by clicking more.
Companiesandmarkets.com has announced the publishing of a new research report from China Research and Intelligence on the world’s top 50 tyre enterprises, 2010-2011. The report gives an analysis on the enterprises whose sales ranked among world's top 50 in 2009, including their operations, sales volume, development trend, and investment in China, amongst other things. The report ranks the world’s top 75 tyre enterprises in 2010 according to sales revenue relative to tyre manufacturing in 2009. The top three, somewhat unsurprisingly, remain as Bridgestone, Michelin and Goodyear, though the sales revenue of these three companies witnessed a double-digit drop on 2008 figures.
Tyres & Accessories/Tyrepress.com has now published the this year's leading tyre manufacturer's chart, which subscribers can view by clicking more. The revised version of the chart now includes data from leading Taiwanese manufacturer Maxxis.
Amtel-Vredestein NV has announced that it has selected Oracle E-Business Suite for its corporate information system at a press conference held in Moscow at Oracle’s APPS FORUM 2006. Based on Oracle’s E-Business Suite platform, the new system will help to enable centralized and effective financial and logistics management, strict cost allocation and price control at all stages of production.