Sumitomo Rubber Industries appears to have contested Goodyear Tire & Rubber Company’s claims of “anti-competitive behaviour” on the part of the Japanese tyre manufacturer. Following the news that the two companies are in arbitration regarding the dissolution of their joint ventures and international alliances, Sumitomo published a short Japanese-language statement making it clear that the firm doesn’t agree with Goodyear’s take on things.
Korea Investment & Securities anticipates that a continually improving financial position at Kumho Tire makes the company good value for investors. In comments published by English-language Korean ICT publication IT Times, analyst Kim Jin-woo said the tyre maker’s debt burden is falling rapidly, and he opines that this financial turnaround isn’t yet reflected in the current Kumho Tire share price. Kumho Tire thus has been given a “buy” recommendation by Korea Investment & Securities and the target share price has been set at KRW 16,000.
Aeolus Tyre reports that the China Securities Regulatory Commission has contacted the company over potential disclosure violations. In a Chinese-language statement, the tyre maker confirms that the Henan branch of the CSRC has looked into a number of issues. Aeolus writes that it will cooperate with the CSRC and undertake corrective actions within 30 days of receiving a report outlining remedial action.
Aeolus reports that its new aeolus-europe.com is now live and offering information for tyre professionals and other visitors in five languages. The site presents company and product information in English, French, German, Italian and Spanish.
In its 2013 medium-term plan, Bridgestone Corporation reported its intention to implement English as an official company language. This measure was also discussed by company CEO Masaaki Tsuya at a press briefing held in Tokyo on 16 October; he said the step was been taken as part of the 2013MTP plan of becoming “truly global”.
From April next year UK driving test candidates will no longer be able to use foreign language voiceovers and interpreters on test. The move, announced today by Road Safety Minister Robert Goodwill, follows a public consultation.
Sumitomo Rubber Industries has published the English-language version of its "CSR Report 2013", which was originally released in Japanese in June. The report details the group’s corporate social responsibility activities during 2012.
Tyrepress launched a new newsletter product in February 2013 aiming to improve the targeted job advertisement opportunities offered by Europe’s leading English language magazine and website for tyre and wheel professionals. The weekly newsletter, which also collates the most recent Career Tracks news every Wednesday, will continue to link to greatly improved listings on the relaunched Tyrepress website, putting advertisers’ job vacancies in front of the widest possible range of European tyre and wheel professionals.
Sumitomo Rubber Industries has released its CSR Report 2013. At this stage it is only available in Japanese; the English-language version will be available at a later date. The report is available for download at srigroup.co.jp/csr. In addition to publishing its CSR Report, the company has updated its Japanese CSR website with detailed CSR guideline information.
Last year, Trelleborg’s Xingtai agricultural tyre plant in China’s Hebei Province entered service, making the Swedish firm the first global company to establish an agricultural tyre production presence in China. Plant output is expected to reach 150,000 radial and cross-ply units this year, with much of the production sold in the local market. To support its activities in China, Trelleborg Wheel Systems has now launched a new Chinese language website.
Visitors to Double Coin’s American web presence are invited to say ¡Hola! to a new Spanish language site. The tyre maker and the China Manufacturers Alliance have introduced the option in recognition of demand for information in Spanish from within both North and Central America. To further emphasise the site’s status as a source of information for the region, the existing www.DoubleCoin-us.com domain is being phased out and replaced by a new address, www.DoubleCoinTires.com. Visitors using the old address will be automatically redirected to the site, and Spanish speaking visitors can access the page in their language directly at www.Espanol.DoubleCoinTires.com.
Wheelwright has been appointed official distributor for premium Italian wheel manufacturer MAK in the UK. The wheel supplier says MAK is at the forefront of cutting edge design with a range that covers almost every market, fitment and type of vehicle. MAK’s commercial range includes both five and six-stud fitments and load indexing to cover the heaviest and toughest applications. Wheelwright managing director Kevin Greer pronounced the company “delighted” to have added the “peerless” MAK brand to its portfolio.
Nokian Tyres has published its first Corporate Sustainability Report to have been drawn up according to GRI (Global Reporting Initiative) guidelines; the report describes the goals, plans, actions, and results of the group’s sustainability programme during 2012. Added perspective has been introduced by describing Nokian Tyres’ activities from the past few years.
As part of Heuver Tyrewholesale’s plan to create country-specific sales teams, the Netherlands-based wholesaler has hired Marjolein Dangremond as sales representative for its earthmover tyres business. Dangremond began in her new role on 1 April and will be the ‘right hand woman’ of manager Bert van ´t Holt. Her focus will be on international markets, particularly French-speaking ones.