Independent UK tyre wholesaler receives export accolade
West Midlands based tyre wholesaler and producer, Treadsetters (Part of the TIA Group) has been named as one of the UK’s leading innovators of international export sales.
Stephen McKeown wins Formula 1 Era Superbike Championship on Avon Tyres
The Formula 1 Era Superbike champion has been crowned, and Stephen McKeown was helped to his title by Avon Tyres, the sponsor of the series. McKeown took the Irish and Ulster Championships of the series on his Aprilia RSV1000 Mille, with eight wins and two second places during the season. This marks the first time a major international series has been won on Avon tyres since the 1990s.
Treadsetters discusses Falken distribution deal, Sunday Times accolade
UK and international tyre wholesaler, Treadsetters has recently been appointed as a UK distributor for the Falken tyre range – a move that it says enhances “significantly” its commercial tyre operation. The company says the Sumitomo-manufactured Falken brand joins Goodride and a number of specially selected mid-range and premium brands. The Shropshire-based wholesaler states that it has enjoyed a “very progressive trading period” in the last couple of years. As well as steadily increasing its product portfolio the company has also received a number of business accolades and were recently placed 59th in the Sunday Times International Track 200 list.
New Ducati 899 Panigale to run on Pirelli Diablo Rosso Corsa tyres
Pirelli has won the contract to supply original equipment tyres to the new Ducati 899 Panigale, launched at Autodromo Internazionale Enzo e Dino Ferrari in Imola. The Italian tyre supplier said that the launch of the younger sister of the 1199 Panigale represented a good opportunity for Pirelli to confirm its leadership in the top range segment, in addition to continuing the strong technological partnership with the Borgo Panigale-based manufacturer.
Tyregiant helping support independent Bond International customers
Reg Bond is rounding the final corner on 50 years of tyre wholesaling since opening in Pocklington, near York, and the company is currently developing one of its bigger innovations – the move into online tyre retail with Tyregiant – signifying Reg and his family’s desire to drive the business forward. The upcoming milestone has also been marked by another achievement recently, as Bond was rewarded for the work in his sporting passion outside the tyre business. Bond was presented with a special Lifetime Achievement Award by Go Racing in recognition of his outstanding service to the sport. Bond International continues to support meetings at York Racecourse along with Infinity Tyres, for which the company is the UK distributor.
Bologna Motor Show cancelled
The organisers of the Bologna Motor Show have announced that the 38th edition has been cancelled. According to GL events, the central reason was “the total lack of the car manufacturer,” which are of course absolutely key to the presentation of an automotive exhibition.
Trade Garage Equipment appointed SACATEC distributors
Garage equipment specialist Trade Garage Equipment Limited has been appointed exclusive distributor for Europe’s leading extraction and de-polluting system manufacturers SACATEC.
Based in France, SACATEC has designed and manufactured a comprehensive range of systems for more than 50 years; Thomas Galtie of SACATEC explains how the association with ‘Trade’ developed.
Titan closes private placement of senior secured notes due 2020
Titan International has announced the closing of its offering of $400 million aggregate principal amount of 6.875 per cent Senior Secured Notes, due 2020.
Titan intends to use the net proceeds from the offering to finance the purchase of the Company’s 7.875 per cent Senior Secured Notes due 2017 validly tendered pursuant to a tender offer and consent solicitation which it commenced on September 23, 2013, and to pay all consent payments, accrued interest, costs and expenses associated therewith.
Titan acquires Russian tyre maker
News from the USA; Titan International Inc., in partnership with One Equity Partners (OEP) and the Russian Direct Investment Fund (RDIF), has closed the acquisition of a majority interest in Voltyre-Prom, a leading producer of agricultural and industrial tyres in Volgograd, Russia, from the principal owner, Cordiant, for approximately $94 million. This sum includes the assumption of debt, subject to various post closing adjustments over a period of three years.
Tiger Wheel & Tyre voted best for nine years running
Tiger Wheel & Tyre says it is just as excited now about being voted “Best Place to Buy Tyres in KwaZulu Natal” as it was the first time the company won this accolade nine years ago and every year since. This is the ninth consecutive year the company has won the award, which is based on votes by Daily News newspaper readers in the ‘Daily News Your Choice Awards 2013’.
TIA to host tyre marketing webinar
In the USA, the Tire Industry Association (TIA), in partnership with LogMyCalls, will host a webinar on Thursday, October 10, at 12pm (US Eastern time) entitled “The 5 Most Important Marketing and Sales Metrics for Tire Businesses.” In this webinar, presented by McKay Allen, Inbound Marketing Manager at LogMyCalls, tyre dealers will learn about how to measure their marketing efforts, what to track, and how to track it.
Michelin launches traction retread in USA
In North America, Michelin Retread Technologies has introduced an all weather traction retread, optimised for severe winter conditions. The Michelin XDS 2 Pre-Mold drive tyre retread, according to the company, can provide a 10 per cent improvement in tread life over the XDS Pre-Mold.
JK Tyre To Start Chennai Expansion
JK Tyre & Industries is reportedly planning to start its 1,000-crore rupees expansion plan at its Chennai plant within the next two to three months doubling the tyremaker’s capacity at the plant, according to the Business Standard.
Dunlop tyre in line for green award
The Dunlop Sport BluResponse is a finalist in the ‘Green Steering Wheel 2013’, an annual competition held by leading car publication AutoBild in Germany.
Cooper counters Apollo offer reduction talk with statement
On October 7th, Cooper Tire & Rubber Company issued a statement regarding the pending merger with Apollo Tyres, in which Cooper makes it plain that it believes that a reduction in share price is unwarranted. The statement, in full, reads as follows:
