Michelin to purchase additional SIPH shareholding
Michelin intends to acquire all shares in Société Internationale de Plantations d’Hévéas (SIPH) not already owned by itself or Ivory Coast-based company SIFCA. It is launching a public buyout offer on 7 November, offering 85 euros per share. This buyout offer is being made exclusively in France and will be followed by a squeeze out.
Continue Reading![Yokohama Rubber offers show visitors glimpse into tyre future](https://www.tyrepress.com/wp-content/uploads/2019/10/yoko-tokyo-2019.jpg)
Yokohama Rubber offers show visitors glimpse into tyre future
A window into the future of tyres, Yokohama-style, awaits visitors to the Tokyo Motor Show. The Yokohama Rubber stand will feature a “future technologies corner”, at which Yokohama will introduce its CASE (Connected, Autonomous, Shared & Services) technologies.
Continue Reading![No-deal Brexit & European e-commerce](https://www.tyrepress.com/wp-content/uploads/2019/10/dpd-brexit-ready.jpg)
No-deal Brexit & European e-commerce
In addition to impacting upon the UK’s automotive industry, a no-deal Brexit presents complications for online tyre and car parts businesses. To gain an insight into changes in customer purchasing habits as Brexit approaches, courier express parcel company DPDgroup tasked market research institute GfK with assessing trends in e-commerce. GfK surveyed 24,258 e-shoppers in 21 European countries on behalf of DPDgroup. What it found was that the payment of additional taxes and duties, as well as longer delivery times, could prove a stumbling block to the future development of cross-border e-commerce in Europe.
Continue Reading![Linglong Tire cancels NBA China Games partnership](https://www.tyrepress.com/wp-content/uploads/2019/10/nba-bin-sml.jpg)
Linglong Tire cancels NBA China Games partnership
Linglong Tire has withdrawn its support for the NBA China Games, which are taking place in Shanghai and Shenzhen this week. In a Chinese-language press release, the tyre maker stresses that the interests of the motherland, the People’s Republic of China, take precedence over everything else.
Continue Reading![Michelin to close truck tyre factory in France](https://www.tyrepress.com/wp-content/uploads/2019/10/Michelin.png)
Michelin to close truck tyre factory in France
The Michelin Group informed the 619 employees at its tyre production facility in La Roche-sur-Yon, France this morning that it will close the site by the end of next year. In addition, 74 people at Michelin’s Cholet plant, employees working in roles related to the supply of rubber mixed to the La Roche-sur-Yon site, are also affected by the closure.
Continue Reading![Nokian Tyres opens USA factory](https://www.tyrepress.com/wp-content/uploads/2019/10/Dayton_opening_HilleK-sml.jpg)
Nokian Tyres opens USA factory
Just over two years after groundbreaking, Nokian Tyres officially opened its new North American production facility. A ceremony was held at the Dayton, Tennessee plant on 2 October to mark the start of operations. The facility is currently engaged in trial production and is expected to be ready to make tyres for commercial use in early 2020.
Continue Reading![Going global together: Auto Express & Auto Bild announce licensing partnership](https://www.tyrepress.com/wp-content/uploads/2019/10/AEAB.jpg)
Going global together: Auto Express & Auto Bild announce licensing partnership
The team at Tyrepress.com view independent tyre tests as an invaluable consumer purchasing tool. We will therefore follow the new licensing partnership between Auto Express and Auto Bild with interest, particularly in regards to how it influences both publications’ approach to tyre testing.
Continue Reading![Fintyre Group names Passerini as CEO](https://www.tyrepress.com/wp-content/uploads/2019/10/Claudio-Passerini-002.jpg)
Fintyre Group names Passerini as CEO
Having recently rebranded as Fintyre Group, the European tyre distribution specialist reports that it is also implementing a leadership succession plan. Mauro Pessi will continue to be involved as executive chairman. As a board member the company says he will contribute to the long-term strategic direction of the company, working in close cooperation with Bain Capital.
Continue ReadingTitan International sells Wheels India share
Titan International, Inc. has reduced its shareholding in steel wheel manufacturer Wheels India Limited. It sold, via a wholly-owned subsidiary, a 10.4 per cent stake in Wheels India on 3 October, thereby dropping its share in the company from 34.2 to 23.8 per cent. Titan International intends to use the net proceeds of approximately US$19 million received from the transaction to pay down outstanding indebtedness.
Continue Reading![Second successive NTDA training award for Bridgestone](https://www.tyrepress.com/wp-content/uploads/2019/10/2019-NTDA-Tyre-Industry-Awards-Bridgestone-Winner-of-Training-Award.jpg)
Second successive NTDA training award for Bridgestone
Bridgestone has won the NTDA Tyre Industry Award for Staff Training & Development for the second successive year, and the third time in four years. Since scooping the award in 2018, Bridgestone has strengthened its training team, developed a number of courses for automotive retailers and has even entered into a partnership with Her Majesty’s Prison Service via an offender training scheme to upskill the commercial tyre industry.
Continue Reading![Yokohama secures first NTDA ‘tyre manufacturer of the year’ award](https://www.tyrepress.com/wp-content/uploads/2019/10/NTDA-win-group-HR.jpg)
Yokohama secures first NTDA ‘tyre manufacturer of the year’ award
Yokohama has won its first ever NTDA Tyre Manufacturer of the Year award at the Tyre Industry Awards ceremony in Birmingham. The award is presented to the company that, in the judges’ opinion, demonstrates that it is the best all-round ambassador for competitive manufacturing, service provision and a role model for its peers in the industry.
Continue Reading![Avon Tyres, Aston Martin Le Mans victory to be celebrated](https://www.tyrepress.com/wp-content/uploads/2019/10/Avon-Classic-Aston-Martin.jpg)
Avon Tyres, Aston Martin Le Mans victory to be celebrated
Avon Tyres will celebrate its famous victory at the 1959 24 Hours of Le Mans with Aston Martin during this year’s Autumn Classic at Castle Combe on 5 October. Established in 2012, the Autumn Classic has developed into a popular event on the classic racing calendar, providing grids full of spectacular cars from the 1950s, 1960s and 1970s.
Continue Reading![Newest dealers get the Davanti Experience in Portimão](https://www.tyrepress.com/wp-content/uploads/2019/10/amg-c-davanti.jpg)
Newest dealers get the Davanti Experience in Portimão
Davanti Tyres’ association with Portugal’s Autódromo Internacional do Algarve has continued, with the Oak Group brand making an annual visit to introduce new customers to its range. Davanti has been the official tyre of the AIA’s Racing School since 2017. The 2019 event saw 40 customers take on a series of driving challenges at the circuit to put the brand’s car tyres through their paces.
Continue Reading![Maritime Cargo Services reveals market conditions affecting freight rates](https://www.tyrepress.com/wp-content/uploads/2019/10/IMG_0167b.jpg)
Maritime Cargo Services reveals market conditions affecting freight rates
Shipping plays a vital part in the world of tyre wholesaling. Managing the volatility of freight rates with efficient and transparent service is paramount in maintaining the competitiveness of distribution operations. Maritime Cargo Services, a freight forwarder with significant ties to the UK tyre industry, tells Tyres & Accessoires about the factors affecting the global shipping industry, and how its fluctuations, illustrated by this chart, which shows at a glance the trends of the last 12 months, must be managed effectively to allow tyre wholesalers to operate efficiently.
Continue Reading![Grouptyre Wholesale expands into potters bar](https://www.tyrepress.com/wp-content/uploads/2019/10/group-potters.jpeg)
Grouptyre Wholesale expands into potters bar
South-East Grouptyre member, Grouptyre Wholesale Ltd has opened the doors to a new state of the art warehousing facility in Potter’s Bar, Hertfordshire. The wholesaler, which covers a wide area across the South East, including London and the Home Counties, states that it had outgrown the satellite facility in Brentwood, Essex and decided Potters Bar was the ideal location for the move, with easy links to the A1, M1, M25, M40 and M11 motorways.
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