More than 250 million euros will be invested into Pirelli’s business in Latin America over the next three years in order to reinforce its ‘High Value’ strategy within the consumer tyre segment. The investment plan was announced by Marco Tronchetti Provera, executive vice-chairman and chief executive officer of Pirelli, during his visit to the company’s […]
Pirelli has chosen Marco Crola as its new CEO for the NAFTA region, effective immediately. Crola joins the North American team from Pirelli’s Milan headquarters, where he has most recently served as senior vice president of Global Original Equipment and Prestige Business. As CEO of NAFTA, Crola will be responsible for the car and motorcycle businesses, as well as manufacturing facilities in Rome, Georgia, USA, and Silao, Guanajuato, Mexico. This follows the departure of Pierluigi Dinelli who left the company to pursue personal interests.
Pirelli has announced a US$200 million investment in Mexico to establish a second factory near its existing passenger car tyre plant in Silao, Guanajuato state. The project to build the facility was announced during yesterday’s visit by Italian Prime Minster, Matteo Renzi, to Palacio Nacional in Mexico City, where he met with President of Mexico, Pena Nieto.
Leading Italian brake brand, Brembo, has announced plans to invest 32 million euros in an aluminium brake caliper manufacturing facility in Escobedo, Nuevo Leon, just outside of Monterrey, Mexico. According to the company, the plant will include a new aluminium foundry and machining facility capable of producing two million calipers per year destined for the company’s customers in the NAFTA region. The foundry will have a melting capacity of 14,000 tons. The facility will cover 31,500 square metres and when fully operational is expected to generate an annual turnover of 100 million euros. The plant is expected to commence initial production in 2016 and be fully operational by the end of 2018.
Pirelli has appointed Pierluigi Dinelli as chairman and CEO of Pirelli’s NAFTA region as of January 2015. Dinelli joins the NAFTA team from Pirelli’s headquarters in Italy, where he has held the role of CEO for Pirelli Italia. He brings international experience to the position having held senior positions at Brembo as chief marketing officer and former marketing director at Pirelli’s NAFTA headquarters in Rome, Georgia.
Chairman and CEO of Pirelli’s NAFTA region, Paolo Ferrari will move on to the position of CEO, Pirelli Latin America region effective 1 January 2015. In the last three years, the NAFTA team led by Ferrari have scaled up Pirelli’s presence in North America across all areas of the business including the expansion of the […]
Hexpol has agreed to acquire well known US rubber compounding firm Kardoes Rubber Co. from company founder Frank Kardoes and his family for US$31.8 million. According to Hexpol, the acquisition price will be paid on a cash and debt free basis and is funded by a combination of cash and existing bank facilities. The acquisition price will be paid upon completion of the acquisition which is estimated to take place at the end of July. The business is expected to be consolidated from August 2014.
Continental has appointed Matthias Matic as its new Hydraulic Brake Systems Business Unit head, part of the Continental Chassis & Safety Division, headquartered in Frankfurt am Main. Matic moves from his current position as Chassis Components Business Unit head on 1 September, succeeding Peter Laier who has assumed a position on the executive board of a German light manufacturer. “I’m looking forward to the new challenge. Hydraulic brake systems have proven their worth a million times over; they’re a key component of automotive safety. Friction brakes will continue to be an important topic for the foreseeable future”, said Matic.
In its financial results for the March to June quarter – the first quarter of its current financial year – JK Tyre posted a net profit of Rs 540.4 million (£5.7 million), a year-on-year increase of 265.9 per cent. Quarter net sales came to Rs 18,669.4 (£196.0 million), 3.3 per cent higher than in the first quarter of 2012.
Pirelli Tire North America has celebrated its 10th anniversary as a resident of Rome, Georgia, and although some of the company’s business operations have moved to New York in recent years, the facility still serves as the company’s manufacturing base, one of five global R&D centres and as headquarters for Pirelli’s NAFTA Region.
Pirelli has appointed Paolo Ferrari as chairman and chief executive officer of Pirelli’s NAFTA region. He will be tasked with driving the group’s growth and further strengthening its commitment to its US, Canadian and Mexican operations, according to a Pirelli statement. Matteo Battaini will focus on the role of NAFTA region chief operations officer.
Continental Automotive has appointed Brad Jackson director of communications for the NAFTA region. In his new position, Jackson will join the Marketing and Communications team and report to Kathryn Blackwell, vice-president marketing and communications NAFTA. He will be responsible for overseeing media relations within the region.
Information supplied by Pirelli indicates continued year-on-year growth in European OE and replacement sectors for both passenger car and commercial vehicle tyres. During May 2010 the OE and replacement passenger markets in Europe grew nine and 14 per cent respectively, the tyre maker estimates, bringing year-to-date growth to 28 and 11 per cent. For the commercial vehicle market, Pirelli estimates a respective year-on-year growth for the OE and replacement segments of 72 per cent and 16 per cent. Year-to-date, the European OE truck tyre market has grown 13 per cent and the replacement market 33 per cent.
The president and CEO of Continental Teves North America, William L. Kozyra, has elected to leave the company as of June 1, 2008. Mr. Kozyra’s request to terminate his contract and appointment to the company’s Executive Board early was accepted during a meeting of the Continental AG Supervisory Board on May 29. In a statement Continental says Mr. Kozyra will, following his resignation, “take up a new challenge in another company.”
William Kozyra had been deputy member of the company’s Executive Board for the NAFTA region since February 2006. Amongst other roles, Kozyra was responsible for the integration of the Motorola Automotive activities into Continental. The Supervisory Board of Continental has expressed its thanks to Mr. Kozyra for all the work he has done during his ten years as president and CEO of Continental Teves North America and has wished him every success in his new assignment.
As of late 2008 Continental will begin sourcing engine and transmission control units for customers in the NAFTA region from a new facility in Costa Rica. On October 17 a groundbreaking ceremony was held for the new plant, situated near the capital San José. In attendance were Henner Cnyrim, head of electronics plants Continental Division Automotive Systems, Dr. Sami Krimi, future head of the Costa Rican plant and Mayoress of Alajuela Joyce Zurcher. A reception was then held by the President of Costa Rica, Oscar Arias Sánchez, and Minister of the Presidency, Rodrigo Arias Sánchez, along with customer representatives.
The US$61.5 million Conti invests in the facility will give them 16,000 square metres of production and office space that will house 350 employees, and the new plant will specifically manufacture control units and transmission systems for passenger cars built in the NAFTA region. By 2011 the company plans to expand the workforce to 550 and to increase the size of the plant.