Lanxess net income trebles in 2015
At this year’s Annual Stockholders’ Meeting, specialty chemicals company, the Board of Management at Lanxess AG proposed a dividend of €0.60 for the 2015 fiscal year. This is approximately 20 per cent higher than the dividend paid a year earlier and equals a total dividend payout of some €55 million.
Continue Reading![Apollo Vredestein management now based in Amsterdam](https://www.tyrepress.com/wp-content/uploads/2016/05/apollo-house.jpg)
Apollo Vredestein management now based in Amsterdam
The management team of Apollo Vredestein has relocated from the city of Enschede in the Netherlands to Amsterdam. The tyre maker shares that its European region management and senior management, along with Europe-based staff responsible for global manufacturing and quality functions, began the shift to Amsterdam last September. The relocation is now complete, with some 50 people currently housed in the new premises, including Apollo Vredestein CEO and Apollo Tyres’ president for Europe and America, Mathias Heimann.
Continue ReadingPre-registrations for Autopromotec on the rise
Autopromotec, which will be held at the Bologna Trade Fair Center (May 24-28, 2017) has just disclosed the first figures related to 2017 pre-registrations. These figures have been sourced from the Information Form, a non-binding document that both repeat and potential exhibitors sent to the Show Organizers to help them plan the 2017 floor layout based on actual space request.
Continue ReadingSailun to display ‘culmination’ of strategic investments at Reifen 2016
Sailun states that it has boosted sales growth and market share “in many European countries” since the introduction of its new car and truck tyre distribution strategy in 2011. The cornerstones of this strategy, which the manufacturer describes as “relatively simple” with “several key interlocking components”, including the full range of Sailun car, truck and bus, summer, winter, and all-season tyres will be demonstrated on the Sailun stand at Reifen 2016: Hall 7, stand 7D20.
Continue ReadingMaxam to showcase ‘Xtra’ initiatives at Reifen 2016
Maxam Tire International will exhibit its latest OTR, agricultural, industrial and construction product lines from its large stand in Hall 7 (7E19). While this positioning echoes the brand’s positioning two years ago at the last Essen event, much has since changed, with its head office moving to Birmingham and Sailun Europe head Martin West taking over as managing director. Maxam has also appointed new managers, who will attend the show.
Continue ReadingMicheldever buys Bell Silencer Services
Micheldever Tyre Services has bought Bell Silencer Services, founded in Swindon in 1977 by engineer Ron Bell, for an undisclosed fee. The sale reportedly took four months to complete.
Continue ReadingFuel consumption tests – Mitsubishi managers resign
As atonement for the “tremendous trouble and concern” caused to customers and stakeholders a result its improper fuel consumption test reporting, Mitsubishi Motors Corporation has announced the resignation of company president and chief operating officer Tetsuro Aikawa and that of executive vice-president Ryugo Nakao. Their resignations will take effect on 24 June, the day of Mitsubishi’s ordinary shareholders meeting.
Continue ReadingJK Tyre profits jump 41% in 2015-16
India’s JK Tyre & Industries Ltd. has reported a consolidated net profit of Rs 4.64 billion (£47.7 million) for the financial year ending 31 March 2016, a 41 per cent year-on-year rise over the previous fiscal. Consolidated turnover amounted to Rs 76.54 billion (£786.9 million). On a standalone basis, JK Tyre achieved turnover of Rs 65.80 billion (£676.5 million), a year-on-year increase of 58 per cent. In light of this improved performance, the company’s Board of Directors has recommended a dividend of 125 per cent on JK Tyre’s equity shares, pending approval at the tyre maker’s Annual General Meeting.
Continue Reading![Suzuki reports emissions and fuel testing “discrepancies”, denies cheating](https://www.tyrepress.com/wp-content/uploads/2016/05/hustler.jpg)
Suzuki reports emissions and fuel testing “discrepancies”, denies cheating
Following revelations of Mitsubishi Motors Corporation’s use of excessive tyre pressure to influence fuel consumption tests in April, Japan’s Ministry of Land, Infrastructure, Transport and Tourism sent out surveys to 41 manufacturers whose vehicles possess type certification in Japan. The manufacturers were required to report back on test practices by 18 May. Suzuki shared with the ministry that “some discrepancies” were found between the Ministry’s regulations covering emission and fuel efficiency and the methods it actually uses. Suzuki denies that these incongruities are evidence of data manipulating, cheating or, in its own words, “acts of injustice.”
Continue ReadingFederal to roll out e-mark certified portfolio, new winter tyres at Reifen 2016
Federal Tyres will exhibit its latest e-marked UHP and studless winter tyres at Reifen 2016. Federal’s range will include the Evoluzion ST-1, 595 RS-Pro, and Evoluzion F60 summer high and ultra-high performance tyres; the Himalaya Kattura for mild winter road conditions; the Ecovan ER02, which demonstrates durability for the commercial market; and the Glacier GC01 for winter conditions. The Taiwanese manufacturer will exhibit from stand 3C27 in Hall 3, between 24 and 27 May.
Continue Reading![Servicesure revamps website as garages join at ‘record rate’](https://www.tyrepress.com/wp-content/uploads/2016/05/servicesure-landing.jpg)
Servicesure revamps website as garages join at ‘record rate’
Servicesure Autocentres has comprehensively revamped its website, simultaneously launching on five social media platforms, in order to communicate better with its membership. The company said that sign-ups have hit “record levels” in recent months.
Continue ReadingBohnenkamp takes over Starco’s main aftermarket operation in “strategy of strengths”
Should the relevant authorities grant their blessing, at the start of July German agricultural tyre wholesaler Bohnenkamp AG will take over several business areas belonging to Starco, while the Danish company will assume responsibility for certain activities currently within the Bohnenkamp portfolio.
Continue ReadingCourt upholds Bridgestone design rights claim
A Chinese court has ruled in favour of Bridgestone Corporation in a lawsuit filed against the country’s largest privately-owned tyre maker, Triangle Tyre Co., Ltd. The case involved Triangle Tyre’s use of a tread pattern that shared more than a passing resemblance to an existing Bridgestone pattern.
Continue ReadingMichelin suing Atturo over alleged patent infringement
On 13 May Michelin North America, Inc. filed suit against Atturo Tire Corporation and Svizz-One Corporation Ltd. alleging the companies infringed a design patent covering the Michelin Latitude tyre tread design.
Continue Reading![MWSD appoints operations, finance directors](https://www.tyrepress.com/wp-content/uploads/2016/05/mwsd-directors.png)
MWSD appoints operations, finance directors
Motor Wheel Service Distribution (MWSD) has strengthened its senior management team with Matthew Mardle joining as operations director and Clive Maudsley as finance director.
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