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“Export Markets an Integral Part of Our Business” – Apollo’s Kanwar

In these froward economic times, it is difficult to make plans. Apollo Tyres, however, appears to be pressing ahead with its inroads into European markets. The company’s chairman and managing director Onkar Singh Kanwar recently spoke to India’s largest financial daily, The Economic Times, and explained why exports are so important for Apollo at present.

“The passenger car segment (in India) has been badly impacted,” related Kanwar. “As car sales have plummeted, tyre sales have also gone down proportionally. Apollo Tyres however has managed to maintain a growth of 22 per cent despite the overall scenario, as exports have helped in tiding over this period so far.” He added that, in this most recent financial quarter, exports grew by 37 per cent year-on-year.

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Champion Drifter Joins Team Toyo

Toyo Tire USA announced today that Drifting World Champion Rhys Millen has become the newest member of Team Toyo. Millen will compete for the Formula Drift championship in a 550-horsepower, 2010 Hyundai Genesis Coupe equipped with extreme performance Toyo Proxes R1 tyres. In addition to the Formula Drift series, Millen plans to compete with the car in the Pikes Peak Hillclimb as well as Redline Time Attack events.

Since its release in 2007, the Proxes R1R has won two Formula Drift championships, the D1 GP championship and the Street Touring S class championship during the 2008 SCCA Solo National Championships as well as many time attack competitions.

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Bridgestone: ‘Think Before You Drive’

Bridgestone Americas has officially unveiled its new online driver safety program at the 2009 Chicago Auto Show. With the launch of the new website, all of Bridgestone Americas’ consumer road safety programs are unified under a single banner — Think Before You Drive — a driver education initiative of the global Bridgestone Group. While the site is designed to educate all passenger vehicle drivers, it has a special focus on younger drivers, incorporating all of Bridgestone’s consumer safety and education programs under one comprehensive umbrella to further reinforce the importance of smart driving, the company said.

The company said that ThinkBeforeYouDrive.org provides tyre safety lessons and driving skills to help reduce preventable tragedies on the road. The site highlights the variety of consumer safety and education programs the company runs or sponsors, such as SafetyScholars.com, Mario Andretti’s Real Information On Safety, Driver’s Edge, Car Care Academies and TireSafety.com. The site offers visitors a variety of interactive services including video games, quizzes, videos, vehicle maintenance tips and more, according to the company. (Tire Review/Akron)

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TyrFil Maker Adds Staff, Facility

Despite the current economic situation, Pathway Polymers, marketers of TyrFil Recycling Systems, claims that it has expanded its sales force and opened a new facility.The new 6,000 sq ft development, processor training and machine demo area is at Pathway Polymer’s production facility in Chattanooga, Tennessee. The development, processor training, and machine demo area is fully equipped with TrioFil, AutoFil, Graco, Electric TyrFil, and LiteFil tire fill systems for use by Pathway’s development staff and customer processors.

The three new territory managers include Kevin Carr, based in Henderson, Nevada, who covers the western US; Ben Parish, from Chicago, who covers the Midwest; and Pat McKinney in San Antonio, who is responsible for the southwest. (Tire Review/Akron)

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Goodyear Dunlop Nears £50,000 Charity Goal

While economic pressures can result in people rethinking their spending, they have not prevented Goodyear Dunlop’s friends and associates homing in on the company’s target of donating £50,000 in a year and a half to help build a playground for the Childhood and Adolescent Mental Health Service ward at Birmingham Children’s Hospital. Since April 2008 fundraisers have been working hard, with a range of activities taking place including a charity ball, dress down days, truck tyre rolls and a bicycle ride from the company’s head office in Birmingham to Paris. In total £48,000 has been donated to the charity, almost reaching the total in ten months.

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First Michelin Exelagri Centre Appointed on Isle of Wight

ATS Euromaster’s centre in South Street, Newport, Isle of Wight, has been appointed as a Michelin Exelagri Centre through the tyre manufacturers’ national accreditation scheme for agricultural and construction specialists. In joining this select group of accredited Exelagri Centres, ATS Euromaster becomes the first tyre dealer on the Isle of Wight to be recognised by Michelin for its ability to supply a high quality service to customers in these two key business sectors.

Paul Murtha, manager of ATS Euromaster in Newport, says: “Over the last three years our sales in the agricultural and construction sectors have risen to represent nearly 40 per cent of our overall turnover, from an original base of less than 10 per cent.

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Magna M/S To Represent Italmatic In UK

Derbyshire-based Magna M/S Ltd has been appointed to represent the interests of Italmatic Srl, of Italy, in the UK market. Italmatic has a long association with the UK, stretching back to 1969, when the company exhibited a buffer at the London Motor Show. Today the Italmatic product portfolio includes retreading equipment, such as autoclaves, or even complete turnkey retreading installations, a range of retreading accessories (bladders, curing envelopes, buffing blades etc) and tyre shop consumables and accessories. A recent addition to the product range is a series of Comfort, superelastic industrial tyres.

Director of Magna M/S is Ian Smith, who has many years technical and hands-on experience in the tyre industry, in both new tyre manufacturing and retreading. Speaking of the new arrangement, he said: “I have a long association with Italmatic and as such understand their products and their market, having been a customer in the tyre manufacturing and automotive wheel and tyre assembly industries.” The agreement between Italmatic and Magna, he says, shows Italmatic’s commitment to the UK market.

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First Stop Launches Consumer-Facing Website

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First Stop has launched a brand new website (www.firststop4tyres.co.uk) designed to help customers get more from their local tyre dealership.
The website features a UK-wide dealer locator as well as detailed information on Bridgestone’s tyre range and – currently – details of the network’s free fuel competition.

In parallel with the launch of the updated web site, a brand new dealer locator text service and phone-line is also running. To be put in touch with their nearest dealer, customers simply need to text or call the dedicated number which will be featured in a First Stop advertising campaign being rolled out across the UK.

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Pirelli WRC Sottozero Debuts Rally Norway

Rally Norway, the second round of the 2009 World Rally Championship, begins in Hamar, 60 kilometres north of Oslo. While the mainstay of the action runs on the frozen roads around the rally’s hometown, this year on a surface that spectators can barely stand on. Heavy snowfalls in the lead up to the event have been compacted to make a near-perfect ice base for the stages. And while such conditions are a true test of man and machine, Pirelli argues that it is probably its Sottozero tyres that face the biggest test; the Italian manufacturer’s rubber is the sole link between vehicle and slippery surface.

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BFGoodrich Launches g-Grip

The new g-Grip, designed for fitment on hatchbacks, saloons and MPVs, is the latest addition to the BFGoodrich passenger car range. The new tyre, says the manufacturer, offers excellent safety performance on wet and dry roads due to its specially developed directional tread pattern, along with superb levels of vehicle control and precise handling characteristics.

BFGoodrich explains that, on normal wet roads, the tyre’s ‘vortex’ tread pattern clears water quickly to let the tread rubber grip the road surface. In deeper standing water, the wide grooves running around the circumference of the tyre maximise water dispersal to reduce the risk of aquaplaning.

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Maxxis Reports an Increasing 4×4 Marketplace Share

Ongoing advertising within leading consumer off-road magazines, a strong presence at major off-road events and encouraging results in tyre comparison tests are all factors Maxxis says is helping the brand increase its share of the 4×4 marketplace. The Maxxis range, which Maxxis International UK boasts is one of the largest line-ups of off-road, on/off-road and road going 4×4 tyres available in the UK, includes products for numerous specific applications. Amongst this line-up is the largest complete range to fit 16-inch Land Rover Rims, plus a series of extreme tyres and patterns purpose-designed to tackle muddy conditions.

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Pirelli to Re-Focus on Core Tyre Business

Pirelli Tyre has reported that its sales revenues fell marginally down 1.5 per cent from 4.162 billion euros in 2007 to 4.1 billion in 2008. However, pre-tax profits fell considerable due to the difficult economic environment and raw material costs. EBITDA stood at 443 million euros, down 19 per cent compared with 548.6 million euros in 2007. And EBIT came in at 250 million euros, 30 per cent down on 2007’s 358 million. As a result, the company reports that it “undertook restructuring actions, accelerated in the fourth quarter against further deterioration of the market, in order to strengthen the competitiveness of the industrial organization in Europe and reduce costs of central structures.”

The company registered revenues of 870 million euros, down 5 per cent on a like-for-like basis, in the fourth quarter of 2008. EBIT of 18 million euros before restructuring charges (which in the fourth quarter alone amounted to 68 million euros) compared with 71.9 million euros the year before.

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Deutsche Bank Report Lowers Goodyear Estimates

Noting the “larger than expected” production cuts in Goodyear’s 2008 fourth quarter and a “sharp decline” in the manufacturer’s profitable South America and Asia regions, Deutsche Bank analysts have adjusted its estimates for the company’s 4Q 2008 and 1Q 2009 results. In a report released this week (commencing 9 February), Deutsche lowered its estimates to -$1.30 from -$0.86 for 4Q 2008 and to -$1.86 from -$1.50 for 1Q 2009.

Deutsche’s statement said that as well as the production cuts, Q4 had seen raw materials rise further than was previously expected. In addition it continues, “Some of the downside appears to be derived from a sharp decline in Latin America and Asia, two regions that have produced a disproportionate share of GT’s [Goodyear’s] profitability in the past.”

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Pirelli not Interested in Continental – Tronchetti Provera

According to news published by Reuters, Pirelli & C SpA is not interested in acquiring the tyre business of Continental AG. The news service reports that a comments to this effect were made by Pirelli chairman Marco Tronchetti Provera on February 11. During a press conference Tronchetti Provera said the Italian company was instead focusing on stand-alone growth.

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Nokian Tyres’ Kazakhstan JV on Hold

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Amongst the announcements made upon the public release of the Nokian Tyres 2008 financial statement is news that the company’s joint venture in Kazakhstan has been put on hold. The project with Ordabasy Corporation, agreed upon in 2007, has been paused by mutual agreement, Nokian reports. The company adds that the project may be re-launched, at the earliest, in late 2010. An agreement has been made to return an advance payment of 12 million euros, made for technical support, to Ordabasy.

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