Tag: South Africa

Sumitomo investing to produce truck tyres in South Africa

30th March 2016 | 0 Comments

Just over two years ago, Sumitomo Rubber Industries acquired Apollo Tyres South Africa, and with it the operation’s car tyre factory in Ladysmith, KwaZulu-Natal. While the plant supplies the local market with passenger car and light truck tyres, Sumitomo Rubber South Africa has to-date met local demand for truck and bus tyres with imported products. This will soon change; the company has announced it will invest 910 million rand (£41.3 million) to install new production equipment within the Ladysmith facility, and it aims to produce truck and bus tyres there from July 2018.

Continue Reading

Tyrexpo Africa hotel competition

Tyrexpo Africa hotel competition

13th January 2016 | 0 Comments

With the opening of Tyrexpo Africa on 8 March 2016, show organiser Singex offering a Pre-Registration Lucky Draw. By registering before 15 January 2016, visitors stand a chance of winning a night’s hotel accommodation at the Garden Court Sandon City Hotel in Johannesburg. The hotel is located is close proximity to the Sandton Convention Centre where the show will be held.

Continue Reading

Tyrexpo Africa pre-registration open

Tyrexpo Africa pre-registration open

18th December 2015 | 0 Comments

Pre-registration for Tyrexpo Africa 2016, which takes place at the Sandton Convention Centre in Johannesburg between 8 and 10 March, opened on 7 December 2015. The show is targeted at companies focusing on the sourcing of tyres, tyre repair and maintenance equipment, and tyre accessories for purchase within the next three months.

Continue Reading

Goodyear Wranglers fitted to anti-poaching vehicles

Goodyear Wranglers fitted to anti-poaching vehicles

4th December 2015 | 0 Comments

Rangers on the Forever Wild Rhino Protection Initiative team have fitted Goodyear Wrangler tyres to their vehicles. This is the fourth year that the tyre manufacturer is sponsoring the rugged, all terrain 4x4 tyres to help give the anti-poaching teams an advantage when patrolling the country's nature reserves.

Continue Reading

Goodyear to relocate South African truck tyre production within EMEA

16th September 2015 | 0 Comments

Following yesterday’s announcement that Goodyear is investing 44 million euros to upgrade manufacturing at its Uitenhage, South Africa factory, the firm has offered further clarification about a second proposal to relocate “Medium Radial Truck” (MRT) tyres to other plants across the company’s Europe Middle East and Africa (EMEA) region.

Continue Reading

Goodyear South Africa to invest 44 million euros in Uitenhage, South Africa plant

15th September 2015 | 0 Comments

Goodyear South Africa has announced plans to invest 670 million South African rand (£32.216 million; 43.847 million euros; US$49.557 million) in increasing production of so-called high-value-added (HVA) consumer tyres at its Uitenhage manufacturing plant. Meanwhile, medium radial production currently at the location is to be relocated across the EMEA region.

Continue Reading

Horni to head Continental’s MEA business development portfolio

Horni to head Continental’s MEA business development portfolio

9th July 2015 | 0 Comments

Dieter Horni is stepping down as managing director of Continental Tyre South Africa (CTSA) after six years in this role, and will return to Continental’s head office in Hannover, Germany to head up the company’s Business Development portfolio for the Middle East and African region. Shaun Uys, who is currently head of marketing and sales for CTSA’s South Africa and Sub-Sahara replacement tyre business, will as of 1 August succeed Horni as managing director.

Continue Reading

South African tyre association seeks anti-dumping protection

8th July 2015 | 1 Comment

The association representing the interests of four tyre majors in South Africa would like to see anti-dumping duties imposed on cheap tyres entering the country. The South African Tyre Manufacturers Conference (SATMC), which acts as the ‘generic face’ of Bridgestone, Continental, Goodyear and Sumitomo in their dealings with government, the motor industry and the public, intends to petition the International Trade Administration Commission of South Africa (ITAC) for protection against these imports.

Continue Reading

Marangoni buys stake in South Africa’s Leader Rubber

Marangoni buys stake in South Africa’s Leader Rubber

7th May 2015 | 0 Comments

Marangoni S.p.A. has acquired a 25 per cent share in South Africa’s Leader Rubber Co. S.A., the Italian company reports. It describes the signing of an agreement to this effect as the “culmination of a partnership that has been ongoing for several years,” and says the objective of taking a 25 per cent shareholding is to strengthen both companies’ presence in the South African market and throughout Africa.

Continue Reading

South African launch for Z tyre brand

South African launch for Z tyre brand

20th April 2015 | 0 Comments

The Z tyre brand has held a co-ordinated countrywide launch in South Africa in association with Tyrecor, its distribution partner. Taking place in three different locations showcasing the country’s diversity to accommodate the maximum number of tyre dealers, the main event was held at the Emperor’s Palace in Johannesburg, hosted by Harjeev Kandhari, CEO of Tyrecor and Zenises, global distributor of the Z brand. The two supplementary official launch events were also hosted by Tyrecor at the Oyster Box in Durban and the Taj Hotel in Cape Town.

Continue Reading

Cooper appoints ex-Apollo exec Ceneviz

Cooper appoints ex-Apollo exec Ceneviz

6th February 2015 | 0 Comments

Cooper Tire & Rubber Company has appointed ex Apollo Verdestein European president Luis Ceneviz as its managing director - Latin America Tire Operations effective 1 March 2015. In this new role, Ceneviz will be responsible for the company’s business throughout Latin America, including Central and South America, as well as Mexico, where Cooper has a sales and marketing organization and participates in a joint venture tyre manufacturing operation near Guadalajara. He will report to Brad Hughes, Cooper’s chief operating officer.

Continue Reading

New owners for South Africa’s Tiger Automotive

New owners for South Africa’s Tiger Automotive

27th November 2014 | 0 Comments

Global alternative asset manager The Carlyle Group and South Africa’s Old Mutual Private Equity have announced their agreement to acquire 100 per cent of South African tyre retailer and wholesaler Tiger Automotive from Ethos Private Equity and the company’s founders for an undisclosed amount. Funding for this investment will come from the Carlyle Sub-Saharan Africa Fund and Old Mutual Private Equity Fund IV, and Tiger Automotive’s founders will also re-invest equity in the company. The transaction is expected to close in early 2015, subject to regulatory approvals.

Continue Reading

Financial groups take share in South African tyre network

25th November 2014 | 0 Comments

According to Reuters, global asset manager the Carlyle Group has invested in South African tyre retail network Tiger Wheel & Tyre. Carlyle, together with insurer and banking group Old Mutual Plc, will acquire the stake from South Africa's Ethos Private Equity. The deal is said to be valued at 1.75 billion rand (£101.7 million), including debt.

Continue Reading

South African commission evaluating Apollo restructuring plan

11th November 2014 | 0 Comments

As reported on 17 September, Apollo Tyres’ South African subsidiary, Apollo Tyres Africa Proprietary Limited – the residual operation remaining after the sale of the main business to Sumitomo Rubber Industries in 2013 – voluntarily initiated Business Rescue Proceedings on 15 September 2014 as per the provisions of the South Africa Companies Act. In its second quarter notes, The company has now submitted a Business Rescue Plan to the South African Companies and Intellectual Property Commission (CIPC).

Continue Reading

Apollo Tyres to restructure African operation

Apollo Tyres to restructure African operation

17th September 2014 | 0 Comments

Apollo Tyres Ltd has initiated voluntary business rescue proceedings for its Apollo Tyres Africa Proprietary Limited subsidiary. The company has informed the BSE that a specialist has been appointed to restructure its South African operation; the specialist’s evaluation will “decide the future course of action for the company in South Africa.”

Continue Reading

Buy subscriptions, premium industry reports, and business directory entries in our shop. | Dismiss

[ + ]