Tag: featured

Sri Lanka rubber sector aiming to become $3 billion a year industry by 2020

Sri Lanka rubber sector aiming to become $3 billion a year industry by 2020

Friday 19th January 2018 | 0 Comments

The Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) celebrated its 31st Annual General Meeting (AGM) at Cinnamon Grand Colombo on the 16 January 2018. The association was inaugurated in 1985 in order to offer “comprehensive representation, advocacy and to champion to all manufacturers and exporters of rubber products in Sri Lanka”.

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UK opts to keep 3-year first MOT period

UK opts to keep 3-year first MOT period

Thursday 18th January 2018 | 0 Comments

A year after the UK government began a consultation period on the question of whether or not to extend the period of the first MOT for cars and motorcycles from three years to four years, Jesse Norman MP, Parliamentary Under Secretary of State for Roads, Local Transport and Devolution has announced that the government is keeping the three-year first MOT policy we currently have:

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Prometeon/Aeolus integration stalls

Prometeon/Aeolus integration stalls

Thursday 18th January 2018 | 0 Comments

The integration of Prometeon Tyre Group (the former Pirelli Industrial business) and Aeolus Tyre Co. Ltd has stalled after Aeolus’ pending acquisition of a 90 per cent stake in Prometeon failed to gain overseas acquisition approval from Chinese authorities before the 31 December 2017 deadline.

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MRF displays expanded motorsport offering at Autosport

MRF displays expanded motorsport offering at Autosport

Friday 12th January 2018 | 0 Comments

As a top 15 global tyre manufacturer, India’s MRF continue to operate under the radar of many in Europe, though in motorsport it has rapidly developed from the UK launch of its range at the 2016 Autosport International show into an increasingly significant position. Globally, MRF has been recognised within motorsport circles since the late 1970s, when it became the most important tyre supplier to touring cars in its domestic market, with karting, rallying and various other motorsport events to follow.

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Yokohama selected as tyre partner for debut TCR UK touring car series

Yokohama selected as tyre partner for debut TCR UK touring car series

Friday 12th January 2018 | 0 Comments

Yokohama announced that it has been selected as the official tyre supplier to the TCR UK series at the 2018 Autosport International show, which continues over this weekend. The manufacturer expects the new touring car series to attract a great deal of attention from both teams and fans, with plenty of action-packed wheel to wheel racing a hallmark of touring car series. Several TCR series run around the globe, and the top competitors in the seven-event UK series are expected to join a global event towards the end of the season. TCR UK commences at Silverstone circuit on 31 March.

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Petlas aims to increase car and truck tyre sales with factory investments

Petlas aims to increase car and truck tyre sales with factory investments

Friday 12th January 2018 | 0 Comments

Already a market leader in the agricultural tyre segment in the North Africa, Middle East and Eastern Europe, Turkish tyre manufacturer Petlas is now aiming to increase its passenger car and truck tyre sales figures in the years to come. To this end, the firm reports that it made a series of investments in its passenger car tyre production during 2017.

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Giti secures first European SUV OE fitment with Groupe Renault agreement

Giti secures first European SUV OE fitment with Groupe Renault agreement

Thursday 11th January 2018 | 0 Comments

Giti Tire has secured a second original equipment (OE) homologation fitment with Groupe Renault, and its first SUV placement for the Giti brand in Europe. The GitiPremium PX1 SUV, in size 215/65 R16 98H, is fitted to the new Dacia Duster, available in every major European market. The manufacturer states that the tyre’s key attributes include low noise and exceptional grip.

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Possible restructuring, breakup: Continental confirms media report

Possible restructuring, breakup: Continental confirms media report

Wednesday 10th January 2018 | 0 Comments

German tyre maker and automotive technologies provider Continental AG has confirmed a report made by Bloomberg News that changes to the company’s structure are being considered. According to Bloomberg, the changes being evaluated are “major” ones and may even include a breakup of the group.

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Michelin creates Europe North region, names Anish Taneja CEO

Michelin creates Europe North region, names Anish Taneja CEO

Tuesday 9th January 2018 | 0 Comments

As of 1 January 2018, Michelin is restructuring its global organisation into ten newly-created regions. The UK finds itself in what has been named the Michelin Europe North region, along with Austria, Denmark, Finland, Germany, Iceland, Ireland, Norway, Sweden and Switzerland. Covering the former sales regions for Germany/Austria/Switzerland, the UK and the Nordics, the new regional operation is led by Anish K Taneja, who from the start of the year holds the post of chief executive officer, Michelin Europe North.

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Terrific Profit-Making System?

Terrific Profit-Making System?

Friday 5th January 2018 | 0 Comments

When it became a legal requirement for all new vehicles produced and sold in Europe to be fitted with TPMS (Tyre Pressure Monitoring System) back in November 2014 the concept was still unfamiliar to the majority of motorists. In the main it was drivers of early adopter, generally high-end, marques such as BMW and Mercedes who got the benefits in terms of enhanced safety, tyre life and fuel economy. Indeed, even three years ago those manufacturers had been fitting TPMS as standard for more than two decades.

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Micheldever ending Kumho tyre distribution in May

Micheldever ending Kumho tyre distribution in May

Wednesday 3rd January 2018 | 0 Comments

Micheldever Tyre Services (MTS) has confirmed it is ending its 15-year tyre distribution partnership with Kumho Tyre in the UK. According to the company, the exclusive distribution agreement with Kumho Tyre will “end by mutual agreement” by the end of May 2018. However, MTS says the decision has also been prompted by a “clash of long-term ambition” for the Kumho brand in the UK. It comes at the same time Kumho’s global headquarters is embroiled in a complex ownership and financing struggle.

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Falken Tyre Europe’s Nishino to head Sumitomo Rubber Industries’ Turkish tyre plant

Falken Tyre Europe’s Nishino to head Sumitomo Rubber Industries’ Turkish tyre plant

Friday 22nd December 2017 | 0 Comments

Masatsugu Nishino has been named the new president of Sumitomo Rubber Industries’ factory in Turkey. Currently chief executive officer of Falken Tyre Europe, a position he has held since April 2015, Nishino will take up his new role with Sumitomo Rubber AKO Lastik Sanayi ve Ticaret A.S. on 1 January 2018. Nishino’s successor as Falken Tyre Europe’s CEO has been named as Mitsuteru Tanigawa, who will assume the position from January.

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Triangle Tyre selects site for USA factory project

Triangle Tyre selects site for USA factory project

Wednesday 20th December 2017 | 0 Comments

An announcement made yesterday confirms Kingsboro (Edgecombe County), North Carolina as the site for the new Triangle Tyre Co., Ltd. plant in the United States. Sharing news of the project, North Carolina Governor Roy Cooper stated that Triangle intends to invest nearly US$580 million in the area.

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Micheldever to supply Sumitomo brand tyres, marks a year since change of ownership

Micheldever to supply Sumitomo brand tyres, marks a year since change of ownership

Tuesday 19th December 2017 | 0 Comments

As we go to print on the December issue of Tyres & Accessories, Micheldever Group is marking a year since Sumitomo Rubber Industries, manufacturer of Falken Tyres for which MTS is UK distributor, bought the UK tyre distributor from previous owner Graphite Capital Management. While the sale was not unexpected, the identity of the new owner may have been somewhat surprising, though SRI’s investment in Falken Tyre Europe following the late-2015 dissolution of its alliance agreement with Goodyear makes the acquisition of a leading distributor a logical move. For Micheldever’s board, SRI was said to be an attractive new owner, with the presumption that it would offer offering longevity, stability, and consistency; as a large, well-established, high quality top-six tyre manufacturer seeking to broaden its knowledge of UK distribution with an already successful business.

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LKQ Corporation to acquire Stahlgruber GmbH for €1.5 billion

LKQ Corporation to acquire Stahlgruber GmbH for €1.5 billion

Tuesday 12th December 2017 | 0 Comments

German aftermarket car parts and tools distributor Stahlgruber GmbH will soon have a new owner. LKQ Corporation has entered into a definitive agreement with Stahlgruber group management holding company Stahlgruber Otto Gruber AG to acquire the subsidiary for an enterprise value of approximately 1.5 billion euros. LKQ expects to complete the transaction late in the first quarter or early in the second quarter of 2018, subject to required regulatory approvals.

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