Uniwheels ends 2016 with record sales volumes
A 12.2 per cent increase in sales during 2016 lifted Uniwheels AG’s overall sales volumes to more than 8.77 million wheels last year, and the recent completion of expansion work at its facility in Poland will push capacity beyond 10 million units this year. Demand from OEM customers continues to grow, and as a result, Uniwheels is now looking to set up a fifth plant as well as a further expansion of its operation in Poland.
Continue Reading![Giti Tire extends UK exclusive distribution agreement with Micheldever](https://www.tyrepress.com/wp-content/uploads/2017/01/ph075.Giti-MTS-contract-extension.jpg)
Giti Tire extends UK exclusive distribution agreement with Micheldever
Giti Tire and Micheldever Tyre Services (MTS) have signed a renewed three-year exclusive distribution agreement, extending the wholesaler’s UK supply rights for GT Radial and Runway in the passenger car, 4x4 and light truck tyre segments. The relationship between the companies began in 2010, and under the terms of the deal MTS will continue to develop the GT Radial Performance Centres (GTPCs) whilst simultaneously promoting Runway across its larger independent network.
Continue Reading![Pirelli in 100 Pictures’ exhibition opens](https://www.tyrepress.com/wp-content/uploads/2017/01/2-Lamm_scooter_cartello_1959-sml.jpg)
Pirelli in 100 Pictures’ exhibition opens
If a picture truly is worth a thousand words, then Pirelli has saved itself pages of prose by supplying the content for an exhibition currently being held in Italy. On 18 January, Archimede Library in Settimo Torinese opened the doors to the ‘Pirelli in 100 Pictures: Beauty, Innovation, Manufacturing’ exhibition, a visual glimpse into the company’s 140 years of history. The exhibition runs until 1 May.
Continue ReadingFebruary start for Federal’s newest tyre plant
In addition to reporting a pause in production at its Chungli plant due to a fire at the site, Federal Corporation also says it is readying its new factory in Taoyuan City’s Guanyin Industrial Park for its operational debut in February 2017. The Guanyin plant is Federals second on the island of Taiwan and the companys third - Federal also operates a plant in Nanchang (Jingxi Province, China), which it acquired from Hero Tire in 1997.
Continue ReadingBlackcircles looking to enter Asia Pacific markets
Mike Welch’s global aspirations for Blackcircles.com pre-date the Scottish company’s acquisition by Michelin, however the tyre maker has provided a platform for expansion, and over the coming year Blackcircles will work towards establishing a presence on the other side of the world. Speaking with The Scotsman, the founder and chief executive officer shared that consumers in Asia Pacific will soon get to know the Blackcircles way of buying tyres.
Continue ReadingFire stops production at Federal’s Chungli tyre plant
Federal Corporation reports that production at its main factory in Chungli, Taiwan has been halted due to a fire at the site on 17 January. Warehouse facilities were damaged during the blaze, however the Chungli plant’s manufacturing facilities were unaffected and Federal confirms there were no casualties.
Continue Reading![Trelleborg gains Deutz-Fahr supplier award in China](https://www.tyrepress.com/wp-content/uploads/2017/01/Trelleborg-Wheels-Award-03.jpg)
Trelleborg gains Deutz-Fahr supplier award in China
Trelleborg is a Deutz-Fahr China ‘2016 Excellent Supplier’. It gained this accolade on 13 January at a meeting of suppliers organised by Deutz-Fahr Machinery Company Ltd in Linyi, China. The award was received on behalf of the tyre maker by Sandy Luo, senior sales and marketing manager at Trelleborg Agricultural and Forestry Tire in China.
Continue ReadingTitan International announces conversion of 5.625% convertible notes
Titan International has announced the conversion of 97.1 per cent of the principal balance of its 5.625 per cent convertible senior subordinated notes (Notes), which matured on 15 January 2017. Prior to maturity, US$60,161,000 in aggregate principal amount of the Notes was outstanding, of which, holders of $58,460,000 in aggregate principal amount of the Notes, or 97.1 per cent, converted their notes into shares of Titan common stock pursuant to the terms of the indenture governing the Notes.
Continue ReadingInitial conversion price determined for Michelin bonds
Following Michelin’s placement on 5 January of US$500 million non-dilutive cash-settled convertible bonds due 2022, the initial conversion price of the bonds has been set at €133.9748. The initial conversion price represents a premium of 28 per cent over the share reference price for the Michelin share of €104.6678. Settlement and delivery of the bonds took place on 10 January 2017.
Continue ReadingMichelin enters into automation technology supply agreement with Siemens
The signing of a four-year global contract has confirmed Siemens’ status as a supplier of industrial automation technology and engineering software to Michelin. Announcing the deal, Siemens reports that the French tyre maker intends to optimise its industrial structures and fully utilise the capacity of its industrial facilities.
Continue Reading![Tyres on the Drive deal gives Halfords an opportunity to grow mobile delivery](https://www.tyrepress.com/wp-content/uploads/2017/01/tyresonthedrive-655x320.png)
Tyres on the Drive deal gives Halfords an opportunity to grow mobile delivery
Halfords has acquired a minority stake in TyresOnTheDrive.com valued at up to £8 million and simultaneously entered into an operating agreement with the mobile tyre fitting business. The shareholding was purchased during a round of investment in Tyres on the Drive in which existing shareholders MMC Ventures and True Capital also participated.
Continue ReadingBridgestone buys yet another French tyre retailer
Japanese tyre manufacturer Bridgestone has agreed to buy Ayme Group, the owner of France’s largest independent tyre retail chain - Côté Route.
Continue Reading![Marangoni, Onyx sign industrial tyre MoU](https://www.tyrepress.com/wp-content/uploads/2017/01/Solid-tyres-production1.jpg)
Marangoni, Onyx sign industrial tyre MoU
The Marangoni Group and UAE-based conglomerate the Onyx Group, through its subsidiary Ceylon Steel Corporation (CSCL), have signed a binding Memorandum of Understanding pertaining to the industrial tyre market. Upon announcing the MoU’s signing, Marangoni states that this represents “a further step in the strategy of Onyx Group to invest in the tyre sector, with the objective of becoming the largest tyre manufacturer in Sri Lanka and serving both local and international markets.”
Continue Reading![Reliance-Sibur JV to set up halogenated butyl unit](https://www.tyrepress.com/wp-content/uploads/2017/01/reliance-sibur.jpg)
Reliance-Sibur JV to set up halogenated butyl unit
Reliance Sibur Elastomers Private Limited (RSEPL), a joint venture between Russian gas and petrochemicals company Sibur and India’s Reliance Industries Limited (RIL), has announced plans to establish southern Asia’s first halogenated butyl rubber unit at RIL’s integrated petrochemical facility in Jamnagar, India. Halogenated butyl is a key ingredient in the manufacture of tubless tyre inner liners.
Continue Reading![ZF Aftermarket: A “new pacesetter” for the automotive aftermarket](https://www.tyrepress.com/wp-content/uploads/2017/01/ZF_Aftermarket-sml.jpg)
ZF Aftermarket: A “new pacesetter” for the automotive aftermarket
Thanks to the accelerated integration of TRW, which was completed in just 14 or so months, ZF is moving forward as a cohesive aftermarket business, supplying global customers and partners with OE-quality products and services from its Lemförder, TRW, Boge, and Openmatics brand portfolio. The growing importance of the aftermarket sector has led ZF to bundle its activities in this area into a new division – ZF Aftermarket was created on 1 January and is now the second-largest supplier of parts, services and solutions in the global automotive aftermarket.
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