2009 - Page 41 of 205 - Tyrepress

TyreSafe Points Out Irresponsible Regions

New research conducted by safety organisation TyreSafe shows that drivers in East Anglia and the North West are among the most likely to be involved in a tyre related car accident. Nearly one in four drivers in these regions have never checked the depth of their tyre tread. TyreSafe's research was conducted in August 2009 among 1552 motorists across the UK and found drivers in Wales were found to be the most responsible. Here, 40 per cent claimed to have checked their tyre tread depth within the last month, the maximum period recommended between checks. This was closely followed by drivers in Scotland where nearly four in ten drivers performed checks.

14th October 2009/by Tyrepress Editors

ITPRF to Confirm Alan Davis Nomination in November

The International Tyre, Rubber & Plastics Federation (ITRPF) has confirmed Alan Davis nomination as general secretary of the association. Alan Davis was originally nominated during a board meeting held at the Sheraton Conference Center at Frankfurt Airport on Monday 6 July 2009. Alan Davis has spent 36 years working in the tyre industry within various departments such as manufacturing, technical, tyre research, and purchasing. His last position was UK purchasing manager for Goodyear Dunlop. The federation is currently renewing its website and reportedly intends to intensify its activities and involvement in environmental concerns, technical and technological support, and industrial trends and development of tyre and rubber waste. The ITRPF is holding its next Annual General Meeting (AGM) on the 11 November at the InterCity Hotel in Celle near Hannover, Germany in conjunction with the AgriTechnica Show that will be held on 10 to 14 November 2009.

14th October 2009/by Tyrepress Editors

Tyrespot Congratulates its Drivers on NVQ Success

Tyrespot has announced that al all of the company’s drivers “sailed through their level two NVQ” qualifications. Each member of staff successfully passed the seven modules on topics including contributing to effective working relationships; maintaining the safety and the security of the load, self and property; contributing to the provision of customer services; completing pre-journey and post-journey procedures; planning the route and timings for the delivery and collection of loads; transport goods and materials; and handling goods and materials. Congratulating them on their success, Tyrespot wholesale director Alan Tippin said he is “proud of every member of staff for passing these seven points.”

14th October 2009/by Tyrepress Editors

Government Aid to Secure Vauxhall Jobs

The UK automotive industry gained a boost on October 13 when Lord Mandelson’s persuaded Vauxhall’s new owner to back down on redundancy plans that could have cost 5,000 workers their jobs. Magna International made a commitment to the long-term future of Vauxhall’s Ellesmere Port and Luton plants in exchange for concessions including a two-year salary freeze. Mandelson will now commence final talks with the German Government over how much Britain will contribute to the £4.1 billion state loan the Germans have committed to back the Canadian company’s takeover of General Motors Europe.

14th October 2009/by Tyrepress Editors

Pirelli Working With Developer on Burton Retail Site Development

Pirelli is cooperating with a property developer on plans to build a housing estate on the site of its Burton factory’s former retail division. Developer St. Modwen Properties, who purchased a 21-acre plot from Pirelli in 2005 and a further nine acres in 2007, intends to construct around 200 houses on a 20-acre site.

14th October 2009/by Tyrepress Editors

VTS Introduces Vredestein 640/700SR13

Those of you fortunate to have an example of the classic 1950s Mercedes 180 or 190 in SL or saloon guise tucked away in your garage now have a new tyre at hand for your baby. Hampshire based Vintage Tyre Supplies now stocks the new 640/700SR13 Vredestein Classic Tyre, a radial featuring a raised curbing rib and suitable for speeds of up to 113 mph (180kmph).

14th October 2009/by Tyrepress Editors

Natural Rubber Price Could Force 2% Increase from Tyre Companies

Natural rubber cost increases of 60 per cent during the course of 2009 could force tyre manufacturers to increase selling 2 per cent. Current prices of US$ 2.4/kg (RSS3 grade, according to SICOM) compare with a recent low of US$ 1.5/kg last January, and US$ 3.2/kg in June 2008. Average prices reached US$ 2.3/kg in 2007, US$ 2.8/kg in 2008 and are expected to fall around the US$2.0/kg mark for 2009.

According to financial analysts at Deutsche Bank the recent surge is due to inventory build up from tyre companies; the weakness of the US dollar; and recent flooding in Indonesia, which is responsible for 15 per cent of the world’s natural rubber production. Writing in an investor’s note dated 13 October, the analysts reported that natural rubber costs represent approximately 8 per cent of sales of leading tyre makers. This equates to an estimated 550 million euros for 2009 in Continental’s case; 1.2 billion euros for Michelin; 60-65 million for Nokian Tyres and 400 million euros for Pirelli. Therefore if rubber stays at current levels the industry would have to increase selling prices by approximately 2 per cent to offset the added cost, say the analysts.

13th October 2009/by Tyrepress Editors

New South Carolina Distribution Centre for TBC Corp

(Tire Review) TBC Corp. is taking on a 1.1 million-square-foot distribution near Charleston, South Carolina. Construction of the new DC, located in the Rockefeller Group Foreign Trade Zone/Charleston in Berkeley County, is expected to start by the end of this year, and is slated to open in 2010. “We are excited about the opportunity to consolidate a portion of our distribution network to a new and larger facility in the Charleston area,” said Erik Olsen, president and CEO of TBC Wholesale Group. “The infrastructure and location of the Port of Charleston complements our growth and will allow us to meet the growing demands of our customers.” TBC expects to bring “thousands of containers” through the Port of Charleston, according to reports. The new DC will reportedly add 100 jobs to the region.

13th October 2009/by Tyrepress Editors

Superior’s Turner Calls it Quits

Wheel supplier Superior Industries has announced the resignation of chief financial officer Erika Turner. In the short term her shoes will be filled by Emil “Bud” Fanelli, who has served as the company’s vice president and corporate controller since 1997. Superior Industries has begun the quest to bring a new CFO into the fold.

13th October 2009/by Tyrepress Editors

Amerityre Faces NASDAQ Delisting

(Tire Review) Amerityre Corp. has been notified by NASDAQ that its current financial status “was out of compliance” and that its stock may get delisted. NASDAQ claims Amerityre is not meeting the exchange’s Equity Standard Listing Rules, because it does not have a minimum of $2.5 million in shareholder equity, $35 million in market value of listed securities or $500,000 in net income from continuing operations for the most recent fiscal year. To remain listed, Amerityre must deliver by 20 October a “specific plan” on how it will meet and sustain those requirements, NASDAQ said. For its part, Amerityre said it “anticipates that its implementation of cost cutting measures combined with anticipated increases in revenues and successful fundraising efforts will be sufficient to bring it back into compliance with the minimum stockholders' equity requirements”.

13th October 2009/by Tyrepress Editors

Avon Tyres Dominate Goodwood Revival Top Ten

Avon Tyres were the dominant rubber at the recent Goodwood Revival. All top ten finishers rode on Avon tyres, while the top five were utilising a new race version of the 100/90-19 Roadrider on the rear, with an AM20 front. Top slot went to a Fred Walmsley machine, ridden by 1987 500cc GP champion Wayne Gardner. Walmsley remarked, “I know this is classic racing, but I’ve been using Avons and helping to develop them for the last 30 years. In all that time, I have to admit this recent development is truly impressive. In the past we’ve never had all the range of fitments we’ve required, but now we can get Avon’s latest in 18- and 19-inch sizes which are perfect for us – and they suit the bikes a treat! On classic machinery, no-one makes the original tyres anymore, so you’ve always got a trade-off when selecting rubber, but over the last 12 months Avon’s products have really come on.”

13th October 2009/by Tyrepress Editors

Arrest Made Following Stockport Tyre Fire

A 16-year old boy has been arrested on suspicion of arson following a blaze that destroyed a tyre business in Stockport. The fire at AL Tyres, in Sheffield Street, Heaton Norris was lit some time shortly after 8pm on the evening of October 12, and during the course of the evening around 60 firefighters were engaged in containing and extinguishing the blaze.

13th October 2009/by Tyrepress Editors

Accuride Restructures Debt, Files for Bankruptcy

The media team at Accuride Corporation have given details of a “debt restructuring agreement.” As part of this agreement the company is filing a voluntary petition for bankruptcy under Chapter 11 of the US Bankruptcy Code and has secured a US$50 million “debtor-in-possession” credit facility to enable normal business to continue.

13th October 2009/by Tyrepress Editors

BTMA Offices Move to New Location

The British Tyre Manufacturers Association (BTMA) is moving to offices outside central London. BTMA chief executive Graham Willson wrote to members this week explaining the reasons behind the move: “The way we all do business has changed dramatically over the last 10 years. An office in London is no longer a prerequisite for effective operation as a trade association,” he wrote. The decision is said to have been made after careful review we have decided to relocate our offices within easy reach of the capital. This will open new gains in efficiency and cost effectiveness whilst maintaining service to the membership.

13th October 2009/by Tyrepress Editors

Goodyear Announces Farming Innovation Award Recipient

Goodyear announced farmer Richard Ledger as the winner of the Goodyear Farming Innovation Award 2009 at the British Ploughing Championships on 10 October. His Rabbit Fencing Machine was selected as one of three finalists from a wealth of entries to Goodyear in July. The finalists were presented to Harper Adams University College to select an overall winner. Ledger, owner of a family-run arable farm of 1,600 hectares growing wheat, rapeseed, linseed, beans and grain maize in East Kent, was given £3,500 worth of Goodyear farm tyres.

13th October 2009/by Tyrepress Editors

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