Titan International cutting wheel production at its Saltville plant
In response to weakness in the mining market, key North American wheel production is to be relocated from Titan International’s manufacturing facility in Saltville, Virginia to its wheel division headquarters in Quincy, Illinois. The company reports this measure is being taken in order to “take advantage of production capacities.”
Continue Reading![Kuehne + Nagel takes over Michelin warehousing in Poland](https://www.tyrepress.com/wp-content/uploads/2017/01/kn.jpg)
Kuehne + Nagel takes over Michelin warehousing in Poland
Logistics provider Kuehne + Nagel Poland is now managing Michelin’s warehouse activities in Poland. This arrangement is the first new business under a global master agreement for contract logistics recently signed by the two companies.
Continue Reading![Work begins on Marangoni-equipped Sri Lanka tyre plant](https://www.tyrepress.com/wp-content/uploads/2017/01/rigid.jpg)
Work begins on Marangoni-equipped Sri Lanka tyre plant
Tomorrow the foundation stone will be laid for a new tyre making facility in Sri Lanka that utilises Marangoni technology. The plant belongs to Rigid Tyre Corporation (Pvt.) Ltd. and will be built at a cost of LKR 11.25 billion (£60.1 million). The company says the factory to arise on a 100 acre site at the BOI Industrial Zone in Horana will be “commissioned to manufacture the whole gamut of tyres that roll on the roads, and off it.”
Continue Reading![The Parts Alliance acquires motor factor Waterloo (Motor Trade) Ltd](https://www.tyrepress.com/wp-content/uploads/2015/09/Peter-Sephton-CEO-The-Parts-Alliance.jpg)
The Parts Alliance acquires motor factor Waterloo (Motor Trade) Ltd
HgCapital-owned Parts Alliance Group has acquired Waterloo (Motor Trade) Ltd. The company will continue to trade under its own name, serving customers in the East Riding of Yorkshire, with branches in Hull, Beverley and Bridlington. Waterloo was founded in 1928 by current managing director Jim Munday’s grandfather.
Continue Reading![ATS Euromaster signs new two-year deal with Arval](https://www.tyrepress.com/wp-content/uploads/2017/01/arval-e1483458851265.jpg)
ATS Euromaster signs new two-year deal with Arval
ATS Euromaster has secured its position as primary tyre supplier to major vehicle leasing and fleet management company Arval, which leases more than 150,000 cars and vans in the UK.
Continue ReadingAutoliv and Volvo agree driverless car software joint venture
Autoliv, Inc. and Volvo Cars have signed a final agreement regarding the formation of a 50:50 joint venture to develop software for autonomous driving and driver assistance systems, based on the letter of intent announced during autumn 2016.
Continue ReadingYokohama makes senior management changes
The Yokohama Rubber Co., Ltd, made a personnel and board member change at a meeting held on 27 December 2016. The change will be effective as of 1 January 2017.
Continue ReadingNew Turkish Marangoni partners
Marangoni Retreading Systems is now working with two new retreaders and dealers in Turkey, Basoglu and Dirkap.
Continue ReadingTatneft divests Nizhnekamskneftekhim shareholding
Russia’s PJSC Tatneft has entered into an agreement to sell its shares in chemical and synthetic rubber manufacturer PJSC Nizhnekamskneftekhim to the Taif group of companies. The transaction, which will see 402,813,999 ordinary shares, is valued at approximately 32 billion roubles (£422.6 million).
Continue ReadingSumitomo Rubber acquires Sport Direct International’s Dunlop brand rights
On 27 December, Japan’s Sumitomo Rubber Industries, Ltd. entered into an agreement with UK-based sporting goods retailer Sports Direct International plc to acquire the international trademark rights for the Dunlop brand and the brand’s sporting goods and licencing businesses. The transaction carries a purchase price of US$137.5 million.
Continue ReadingBridgestone to manufacture aircraft tyres in Thailand
At present, Bridgestone Corporation produces new aircraft tyres at two facilities in Japan, and the company has announced plans to build a third plant for manufacturing these products. This plant is one of two that Bridgestone will set up in Thailand; the second will be dedicated to the retreading of aircraft tyres. A total of 15.0 billion yen (£103.8 million) will be invested in the two facilities, and both are scheduled to commence production in December 2019.
Continue ReadingMagna Tyres Group acquires OBO Tyres
Magna Tyres Group has acquired OBO Tyres, the largest tyre retreader in the Netherlands. Founded in 1959, the company has specialized in producing retreaded tyres for the agricultural and OTR market and additional tyre repair services. Recently the company received exclusive distribution rights of the Magna agricultural, and MTP OTR tyres, which allowed the company to offer qualitative and cost effective new tyre solutions to the Benelux tyre market.
Continue ReadingTrelleborg raises agricultural and forestry tyres
Trelleborg has announced a five per cent price increase on agricultural and forestry tyres in Europe, effective 1 February 2017.
Continue Reading![Heuver marketing department ready for ‘maximum attack’](https://www.tyrepress.com/wp-content/uploads/2016/12/heuver-marketing.jpg)
Heuver marketing department ready for ‘maximum attack’
Heuver states that it is “ready for maximum attack” following a shift in marketing focus and increase in size to support the companys ambitious sales plans. The company said it has witnessed an increase in search and ordering activities in its web-shop, leading to a renewed focus on this business area.
Continue Reading![Liqui Moly set for record year following ‘best ever’ month](https://www.tyrepress.com/wp-content/uploads/2016/12/liqui-moly-production.jpg)
Liqui Moly set for record year following ‘best ever’ month
German motor oil and additive manufacturer Liqui Moly has already achieved a record year having closed November with its highest ever monthly sales (45.5 million euros), and growth of 20 per cent over the previous month. Achieving 453 million euros for the first eleven months of the year, the company states that it has “significantly exceeded” its prior-year sales.
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