![TTX Award “confirms” VMI’s value & innovation-based strategy](https://www.tyrepress.com/wp-content/uploads/2017/02/Harm_Voortman.jpg)
TTX Award “confirms” VMI’s value & innovation-based strategy
VMI edged ahead of fellow shortlistee Comerio Ercole in what is said to be a very tight race to win Tire Industry Supplier of the Year for the second time. The 2017 award was received by Harm Voortman, VMI Group president and chief executive officer, at the TTX Award gala dinner on 15 February.
Continue Reading![‘Tire Manufacturing Innovation’ award for Bridgestone & Examation](https://www.tyrepress.com/wp-content/uploads/2017/02/exam.jpg)
‘Tire Manufacturing Innovation’ award for Bridgestone & Examation
The Examation tyre assembly system is said to have resulted in a “landslide victory” for Bridgestone at the 2017 TTX Awards. The company was named Tire Manufacturing Innovation of the Year award at a ceremony in Hannover, Germany this week.
Continue Reading![‘Successful’ anniversary year for Heuver Tyrewholesale despite turbulent market](https://www.tyrepress.com/wp-content/uploads/2017/02/Bertus-heuver.jpg)
‘Successful’ anniversary year for Heuver Tyrewholesale despite turbulent market
Heuver Tyrewholesale has called 2016 a particularly successful one. Celebrating its 50th anniversary, the company increased turnover by five per cent over 2015, despite a difficult market with considerable pressure on prices. It also invested in people, online tools and its warehouse to expedite dealing with customer requirements, all of which resulted in what Heuver terms an intensification of customer contact.
Continue ReadingMichelin publishes 2016 financial information
Michelin reports having met its financial objectives in 2016 and its chief executive officer considers the year “a successful milestone in our strategic roadmap.” The tyre maker’s sales volumes increased 2.1 per cent during the year, outperforming the market, and an increase in operating and net income was also recorded.
Continue Reading![Pirelli: More than 650 winter OE tyre approvals](https://www.tyrepress.com/wp-content/uploads/2017/02/Pirelli-650-Winterreifenfreigaben.jpg)
Pirelli: More than 650 winter OE tyre approvals
The Pirelli brand now has more than 650 original equipment homologations for winter tyres under its belt. In Europe alone, Pirelli Tyre claims that around a quarter of all premium and prestige segment car models are fitted with its winter tyres.
Continue Reading![Profile Tyrecenter becomes Schmitz Cargobull’s Benelux tyre service partner](https://www.tyrepress.com/wp-content/uploads/2017/02/schmitz-profile-sml.jpg)
Profile Tyrecenter becomes Schmitz Cargobull’s Benelux tyre service partner
A plan announced by Hankook Tire and Schmitz Cargobull last year to develop aftermarket trailer tyre business has been extended by a new agreement that makes Profile Tyrecenter Corporation the trailer manufacturer’s tyre service partner in the Benelux region.
Continue Reading![Top marks for Bridgestone in CDP Supplier Engagement Rating](https://www.tyrepress.com/wp-content/uploads/2017/02/cdp.jpg)
Top marks for Bridgestone in CDP Supplier Engagement Rating
Bridgestone Corporation reports it has been identified as a global leader thanks to its actions and strategies to manage carbon and climate change across its supply chain. The company has been given a position on the supplier engagement leader board set up by UK-based international non-governmental organisation CDP (formerly the Carbon Disclosure Project). It has also received an ‘A’ in CDP’s Supplier Engagement Rating.
Continue Reading![Heritage & high-tech: Pirelli celebrates 110th motorsport anniversary](https://www.tyrepress.com/wp-content/uploads/2017/02/PirelliMotorsport-sml.jpg)
Heritage & high-tech: Pirelli celebrates 110th motorsport anniversary
Pirelli has celebrated 110 years of motorsport activity. At events held this week in Turin, Italy, the tyre maker celebrated its long competitive heritage at Turin’s National Automobile Museum and also opened the doors to the plant where its most advanced products are manufactured.
Continue Reading![Kwik Fit: Many Mail on Sunday statements inaccurate](https://www.tyrepress.com/wp-content/uploads/2017/02/kwik-fit-sml.jpg)
Kwik Fit: Many Mail on Sunday statements inaccurate
The Mail on Sunday has engaged in a spot of sleuthing, and claims that Kwik Fit charged its undercover reporters for car parts that were never changed and urged them to consent to certain repairs it says were unnecessary. In response, a spokesperson for the vehicle repair and fast-fit chain states that the Mail on Sunday article “focused on a small number of allegations with which we fundamentally disagree.”
Continue Reading![Michelin focusing on human-machine collaboration with university partners](https://www.tyrepress.com/wp-content/uploads/2017/02/FactoLab.jpg)
Michelin focusing on human-machine collaboration with university partners
FactoLab is the name given to a new public-private laboratory that Michelin has jointly set up with three research laboratories from Université Clermont Auvergne in France. The tyre maker officially inaugurated FactoLab together with representatives from the Institut Pascal, Lapsco and Limos on 10 February.
Continue ReadingSRI’s acquisition of Micheldever completed
Sumitomo Rubber Industries, Ltd. (SRI) has completed its acquisition of Micheldever Group Ltd., having purchased 128,787 shares from Graphite Capital Management LLP – an enterprise value of £215 million. Upon the transaction’s closure, SRI owns a business that generated sales of approximately £320 million in the last financial year and is the holding company of Micheldever Tyre Services Ltd, an operation that employs 1,574 people and sells some 6 million tyres a year.
Continue Reading![German technology substituting football: Continental launches new global campaign](https://www.tyrepress.com/wp-content/uploads/2017/02/german-technology.jpg)
German technology substituting football: Continental launches new global campaign
When Continental began its engagement with the UEFA Champions League in 1995, the notion of a tyre maker sponsoring a football championship rather than a motorsport series was considered novel. Not so today – established and aspiring manufacturers alike have snapped up an abundance of club and series affiliations, and promote these with varying degrees of success. Football sponsorship has become ubiquitous within the tyre industry, and perhaps for this reason, Continental has decided to call it a day. The company has blown the fulltime whistle on its involvement with football, and as of this month begins a new global campaign that ties in with its ‘Vision Zero’ aspirations.
Continue Reading15 per cent decline in January motorcycle sales “reasonable” says NMDA
“Following extremely high numbers of bikes registered in December (10,990) the slowdown seen in January was hugely anticipated. Compared with last year’s strong results, this shows a decline of -15.6 per cent which is, surprisingly, reasonable”, said Stephen Latham, Head of the National Motorcycle Dealers Association (NMDA) which represents motorcycle retailers across the UK.
Continue ReadingPark has funds for Kumho Tire buyback
Park Sam-koo reportedly possesses the funds needed to buy back a controlling stake in Kumho Tire. The chairman of the Kumho Asiana Group has raised almost KRW 1 trillion (£695 million) to acquire the 42.1 per cent share in Kumho Tire currently held by the Korea Development Bank and other creditors. The funds have been borrowed from financial investors and associates.
Continue ReadingPirelli raises prices in Europe, North America
Pirelli is raising its prices “up to 9 per cent” in all European and North American markets for car, light truck and moto tyres of all product ranges (summer, all-season, winter) and across all group brands.
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