Scania fined for price fixing
The European Commission (EC) has fined Scania more than €880 million (£770m) for its participation in a truck cartel. Scania was the sixth and final manufacturer implicated in the price-fixing scandal, but decided against settling with the EC last year. The five other truck manufacturers – MAN, Volvo/Renault, Daimler (Mercedes-Benz), Iveco and DAF – were collectively fined €2.93bn (£2.57bn) after admitting wrongdoing.
Continue ReadingAutoCare network now numbers 600 garages
Parent Company, Groupauto has announced that their garage network, ‘AutoCare’ has reached 600 garages – making them the largest independent garage programme in the UK.
Continue ReadingMicheldever revs up motorbike tyre sales with significant increase for 2017
Micheldever Tyre Services has revealed a significant increase in motorbike tyre sales during 2017. In its 40th year of selling tyres for the full range of motorcycle applications, MTS said sales had increased across its range. The company serves customers from its national warehouse network of 25 sites, fully linked for stock availability and replenishment in real-time, and its dedicated online platform BikeTyreBuyer.com. With this structure, it claims to be the only motorbike tyre distributor offering UK nationwide coverage.
Continue ReadingCaledonian Tyres refurbishment aims to improve Bandag’s position in Scotland
Paisley based Caledonian Tyres has unveiled a £250,000 refurbishment, which aims to position it as one of the most advanced retread tyre centres in the country. One of the Bandag network’s largest franchise partners, Caledonian Tyres’ development of its facility features improved factory facilities, new look offices, improved equipment and an eye-catching rebrand of the entire premises. The company states that the investment underlines the strength of the commercial retread tyre market, and follows investments made at Lincolnshire-based Bulldog, another large Bandag franchise.
Continue ReadingHankook Tire receives Schmitz Cargobull ‘Strategic Partnership’ award
The inaugural Schmitz Cargobull Supplier Day was recently held as part of the company’s 125-year anniversary celebrations. The trailer manufacturer honoured suppliers in a variety of categories during the event, including Hankook Tire, the only tyre maker to take home a prize. Hankook was honoured with the ‘Strategic Partnership’ award.
Continue ReadingVideo: Yokohama-backed Chelsea players in stunts with YouTube’s Dude Perfect
Yokohama has sponsored a new football stunt video by American YouTube sensations Dude Perfect, and starring several Chelsea FC players. Using tyres provided by Yokohama, stunts include the Smoke Show Gonger, Bounce Back Banker, Three-point Header and Goalie Goal, displaying the players’ skills.
Continue ReadingGiti Tire: Newly-commissioned factory supplying demand for ‘made in America’ tyres
Production at Giti Tire’s newest factory began in September, and yesterday the tyre maker welcomed two parties who played a role in bringing the US$560 million plant to the USA. Henry McMaster, Governor of South Carolina, and Greg Foran, president and chief executive officer of Walmart US, toured the 1.7 million square foot facility in Richburg, South Carolina and celebrated its inauguration.
Continue ReadingNokian Tyres to continue World Orienteering Championships sponsorship
Nokian Tyres continues as the title sponsor of the World Orienteering Championships. Following on the initial sponsorship with International Orienteering Federation’s (IOF) premium event in 2016 and 2017, a new multi-year contract has been signed.
Continue ReadingToyo Tires expanding capacity in Malaysia, USA
A total of around 35 billion yen (£234.2 million) will be invested in increasing production capacity at Toyo Tire & Rubber tyre plants in Malaysia and the USA.
Continue ReadingTriangle Tyre Europe appoints Pizzamiglio as sales director Southern Europe
Roberto Pizzamiglio has joined Triangle Tyre Europe as sales director for Southern Europe. Pizzamiglio has more than 20 years’ experience in the Italian tyre market and has covered several sales and marketing management roles within Magri Group, one of the leading tyre distributors in the country.
Continue ReadingZenises launches ‘disruptive thinking’ campaign designed to ‘break the mould’
Zenises has launched a new advertising campaign designed to “provoke the reader into reacting and thinking deeper about business,” according to CEO Harjeev Kandhari. Based on the in vogue concept of “disruptive thinking,” the campaign will feature a variety of abstract creative artworks rolled out over the coming months.
Continue ReadingTatneft aiming to boost sales volumes, EBIDTA
By the middle of the next decade, Russia’s Tatneft intends to sell 16.2 million tyres per annum and achieve a fivefold increase in EBITDA related to tyre sales; this is expected to reach RUB 14.5 billion (£188.7 million) in 2025.
Continue ReadingApollo Tyres: Vredestein a significant contributor to European growth
Over the past six years, Apollo Tyres has grown in Europe at a rate of ten to 11 per cent, twice the growth rate seen within the premium tyre segment, and the company attributes a significant part of this healthy growth to its Vredestein brand.
Continue ReadingNokian Tyres charged 59 million euros extra tax in Finland
Nokian Tyres plc has received a tax reassessment decision from Finland’s Tax Administration, according to which the Company is obliged to pay 59 million euros additional taxes with punitive tax increases relating to the 2011 tax year. Payment must be made in November 2017. 39 million euros of the figure relates to additional taxes and 20 million euros relates to punitive tax increases and interests.
Continue ReadingCarlisle buys Accella Performance Materials for US$670 million
On 2 October 2017 Carlisle Companies Incorporated, which grew out of the Carlisle Tire and Rubber business established 100 years ago, has agreed to purcahse Accella Performance Materials, the specialty polyurethane platform, from Arsenal Capital Partners for US$670 million in cash.
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