2009 - Page 77 of 205 - Tyrepress

Accuride Posts $36.1M Net Loss in Q2

The prolonged weakness within the commercial vehicle segment continued to impact upon Accuride Corporation during the second quarter 2009. A statement released by the commercial vehicle component manufacturer and supplier reports net sales of US$135.2 million in the three months to June 30, as opposed to $244.9 million in the second quarter of 2008. Sales decreased in the company’s wheels and components segments by 48.4 per cent and 42.6 per cent respectively.

11th August 2009/by Tyrepress Editors

Tyre Exports From India Dip by a Quarter

Despite recovering domestic market sales, export markets gave India’s tyre manufacturers little cause for joy in the first two months of the country’s current financial year. During April and May sales in this higher margin market segment were down a whole 25.3 per cent.

11th August 2009/by Tyrepress Editors

Nokian Anticipates ‘Market Headwinds’ to Continue

Sales at Nokian Tyres decreased 34.6 per cent to 346.7 million euros in the half year between January and June 2009, and operating profit went down along with it; the company reports a 86.4 per cent decline in operating profit to 17.5 million euros. Net income during the half-year amounted to just 346.7 million euros, supported by a more robust second quarter in which profits of 191.1 million euros were generated.

11th August 2009/by Tyrepress Editors

Yokohama Acknowledged for US Tree Planting Activities

Yokohama Rubber reports that the Yokohama Tire Corporation factory in Salem, Virginia (USA) has been formally recognised by the non-profit organisation "Clean Valley Council" for the tree planting carried out there as part of the "Yokohama Forever Forest" Project.

11th August 2009/by Tyrepress Editors

Bridgestone-Backed Drivers Perform Well in Australasian Safari

Bridgestone backed drivers Bruce Garland and Harry Suzuki have raced to respectable result in the 2009 Australasian Safari, securing third place overall after 3,500 gruelling kilometres through Western Australia’s outback. Garland and Suzuki, who also have an 11th outright to their credit in this year's Dakar Rally, drove their Isuzu D-MAX to a top three slot after a successful appeal against a two-hour time penalty.

11th August 2009/by Tyrepress Editors

TRA Adds Three New Members

The Tyre Recovery Association (TRA)has welcomed three new collector members.

10th August 2009/by Tyrepress Editors

TyreSafe and RoadSafe Partner

TyreSafe and RoadSafe have formalised a reciprocal agreement. The collaboration will see the organisations working more closely together, taking an active part in each other’s development and initiatives to reduce the number of casualties and accidents on the UK’s roads. TyreSafe has become a full member of RoadSafe meaning it will take a seat on its advisory panel, while RoadSafe has joined TyreSafe as an associate member.

10th August 2009/by Tyrepress Editors

Yokohama Rubber Sales and Earnings Down

Yokohama Rubber Co., Ltd., first quarter sales are down 22.7 per cent compared with the same period in the previous financial year. Yokohama's sales totalled 95.2 billion yen in the three months to 30 June 2009. The company's Tire Group sales slumped amid weak demand in Japan and in North America, western Europe, and “most other overseas markets,” according to the company. Although Yokohama posted tyre sales gains in the Russian and Chinese markets.

10th August 2009/by Tyrepress Editors

Conti Calls on Students to Assist in Tyre Wear Research

Engineering students at one German university are contributing to future tyre development through a programme with Continental. The manufacturer is cooperating with students from the University of Karlsruhe on research into passenger car tyre durability, and work so far has including the designing and construction of a test unit that was subsequently fitted and operated with different, realistic road surfaces.

10th August 2009/by Tyrepress Editors

Bridgestone Extends Golf Sponsorship

An extension of Bridgestone’s title sponsorship for the World Golf Championships-Bridgestone Invitational through to 2014 has been agreed upon. An agreement with the International Federation of PGA Tours was reached and announced on August 9. Bridgestone comments that details of the agreement are currently being finalised; these will be agreed upon in the "coming weeks".

10th August 2009/by Tyrepress Editors

Reports: Conti Execs Fear Contracts Will Follow Neumann out the Door

Continental AG said contracts, customers and employees could be lost if Dr Karl-Thomas Neumann is pushed out of his chief executive position. Quoting a document submitted to representatives of supervisory board members, Dow Jones Newswires reported that the group’s communications committee for management said: “We know that some of our customers are considering moving their business to rivals…We also run the risk of the attrition of further managers, at all levels, and the company losing its attractiveness as an employer.”

7th August 2009/by Tyrepress Editors

Brian Lawton Publishes Tyre Essentials Book

Forensic tyre examination specialist Brian Lawton has published Tyre Essentials, a new reference book covering almost everything to do with tyres. In the new book Lawton, a director of Newlaw Associates Limited, calls on his vast experience of the tyre industry to compile a tome covering important areas such as tyre construction, markings, manufacture, technology and legislation. In addition, the publication contains a thesaurus of around 800 tyre related terms and definitions.

7th August 2009/by Tyrepress Editors

Kabat Company Increases Capacity 60%

At the beginning of 2009 Polish tyre tube and rubber product manufacturer Kabat Company reported that it increased its annual production capacity by 60 per cent after purchasing equipment from Goodyear-Debica.

7th August 2009/by Tyrepress Editors

HiQ Franchisees Raise £4000 for Breast Cancer Care

A pair of HiQ franchisees, who got in the pink for Breast Cancer Care, raised £1,500 for the charity at Snetterton racing circuit. Phil Cowell and Robert Brown were on hand for the latest round of British Touring Car Championship action on August 2 and spent the day raising funds for the charity. The pair, who own six HiQ centres in the east of England under their P & R Tyres Ltd company, gave away specially made pink baseball caps in return for charitable donations and carried buckets at the track for the thousands of motorsport fans to give to.

7th August 2009/by Tyrepress Editors

Alcoa Supplying 20-Inch Wheel Blanks to Solomon Alsberg

Alcoa has extended the range of lightweight wheel forgings supplied to Russia’s Solomon Alsberg for its high-performance alloy wheel range. The American based company states that the aerospace-derived metallurgy used in its blanks allows Solomon Alsberg to create a wide range of ultra-stylish wheels that improve vehicle performance and dynamics while reducing fuel consumption and emissions.

7th August 2009/by Tyrepress Editors

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