Motorists in Brazil, host country for next year’s World Cup, now have the chance to buy an officially-endorsed commemorative tyre. Continental has launched a World Cup edition of its ContiPowerContact, complete with footballs and FIFI World Cup logo on the sidewall. The tyre’s release is being supplemented by an extensive advertising campaign in print and electronic media, radio and television.
Goodyear Tire & Rubber is set to receive its first Trade Americas Award from the Latin Trade Group at this year’s BRAVO Business Awards on 25 October. The tyre maker reports it will be given the BRAVO Trade Americas Award for its “valuable contributions fostering the development of small and medium size enterprises development in the Latin America region.”
Techking Tires reports the launch of a new mixed service pattern it developed based on input from partners in Australia and Latin America. The TKAM C+, 11R22.5 has been designed for mix road service and uses what Techking calls its ‘Noise Buffer’ design which, as the name suggests, is said to reduce noise. It also features a ‘Stone Shy’ design to prevent stone retention, the tyre maker adds.
On 9 December Bridgestone Corporation received a visit from the president of Costa Rica, H.E. Mrs Laura Chinchilla Miranda. During Mrs Chinchilla’s visit to the tyre maker’s headquarters she met with Shoshi Arakawa, chairman of the Board, CEO and president, as well as several other Bridgestone executives.
Bridgestone Corp. has entered into a plea agreement regarding its involvement with a bid-rigging scheme in the US and bribery charges in Latin America. According to Tire Review, under the plea agreement, Bridgestone has pleaded guilty to antitrust conspiracy charges and a violation of the Foreign Corrupt Practices Act. As a result, the company will pay a $28 million fine, which is said was “a significant reduction from the applicable sentencing guidelines due to Bridgestone’s cooperation and remediation efforts.”
In his address at The Goodyear Tire & Rubber Company’s Annual Shareholder Meeting today, chairman and chief executive officer Richard J. Kramer said he is confident in Goodyear’s strategy and believes the company is well positioned to achieve its goals, having been pleased with Goodyear’s 2010 performance, which exceeded the company’s targets. The company’s financial results reflected significant improvement in all four regional tyre businesses, most notably North American Tire’s return to profitability, he said.
BSM Technologies Inc., a leading provider of remote monitoring, fleet management, fleet diagnostics and automated vehicle security systems, and EMS Global Tracking, part of the Global Resource Management business of EMS Technologies, Inc. said (on 3 April) that they are extending their existing reseller agreement to distribute BSM’s SecTrack products and services to Latin America.
Tire Group International (TGI) is expanding its tyre marketing and distribution in Latin America and the Caribbean by opening a new sales office in the Peruvian capital, Lima. The sales office will be headed by Fredy Montoya Soriano, who has more than 35 years’ experience in the tyre and automotive industries.
At its February 3 extraordinary meeting, the Lanxess AG Supervisory Board agreed to revoke the contract of chief financial officer and Board of Management member Matthias Zachert. This measure was taken at Zachert’s request, Lanxess reports. The 43-year old has served on the Lanxess Board of Management since 2004.
Goodyear has announced the appointment of Jaime Cohen Szulc as president of its Latin American region. Szulc will report directly to Goodyear's chairman-elect, chief executive officer and president Richard J. Kramer. Szulc succeeds Eduardo A. Fortunato, 57, who earlier this year announced his intention to retire at the end of 2010.
Pirelli’s latest “Tyre Market Watch” trend figures report strong global demand during April. According to Pirelli’s figures, volumes increased by approximately 15 – 20 per cent in passenger tyres and by approximately 30 in the truck tyres segment (up 60 per cent in OE and 20 per cent in the replacement market). Commenting on the Tyre Market Watch numbers, Deutsche Bank analysts highlighted the fact that in Latin America where 34 per cent of Pirelli’s sales and 43 per cent of its production is based, tyre demand “remains strong, in excess of 25 per cent up both in passenger and in truck tyres.” In summary the analysts characterised the second quarter as: “a good start even if volumes growth is mostly attributable to less profitable OE markets.”
Watts Tyre Group, the UK-based industrial tyre and wheel producer has announced the creation of Watts America Latina, a new business unit to service the Latin American market (excluding Brazil and Mexico where the group has existing business operations). Watts America Latina is headquartered in Montevideo, Uruguay and is headed by director General Carlos Correia. The business services container customers across the region as well as sales from a warehouse operation from which pallet orders can be satisfied enhancing product availability.
Bridgestone Corporation, together with two of its subsidiaries, Bridgestone Americas and Bridgestone de Costa Rica is donating a total of approximately seven million yen (more than US$75,000) to assist with relief efforts following the January 12 earthquake in Haiti. Bridgestone will donate 2.5 million yen (approximately US$27,000), through the Japanese Red Cross Society. Bridgestone Americas, through the Bridgestone Americas Trust Fund, will donate 2.25 million yen (US$25,000) to the relief efforts through the Clinton Bush Haiti Fund.
As part of its long-term strategy of investing in markets offering favourable growth potential, Trelleborg has announced plans to further strengthen its presence in Brazil. On November 16 the company inaugurated a new facility near São Paulo, where the manufacture of high-performance seals for such items as aircraft and passenger cars, as well as for industrial applications, will take place. The plant is part of the Trelleborg Sealing Solutions business area and will initially employ about 100 staff.
In reporting Rhodia’s first quarter 2009 results, company chairman and CEO Jean-Pierre Clamadieu has reflected upon a difficult three-month period. “As anticipated, we faced in the first quarter unprecedented low levels of demand,” said Clamadieu. “This, combined with the absorption of costly raw material inventories, resulted in a major adverse impact on profitability.”