Michelin launches bond issue
Michelin reports its successful placement of a bond issue in two tranches: a €300 million seven-year tranche with a 1.125 per cent coupon and a €300 million 12-year tranche with a 1.750 per cent coupon.
Continue Reading![Hankook Tire making its presence known at Europa League final](https://www.tyrepress.com/wp-content/uploads/2015/05/fever.jpg)
Hankook Tire making its presence known at Europa League final
In a few hours the UEFA Europa League Final will begin in Warsaw, and sponsor Hankook Tire is ready and waiting. The tyre maker has set up numerous fan events around the city and at Stadion Narodowy. In Castle Square, within Warsaw Old Town, Hankook has constructed a 130 square metre brand area in which it is showcasing its tyres and simultaneously offering many football-related activities, such as target shooting, face painting, and fan photography to the visitors. Products are also being displayed outside the national stadium, while a giant inflatable Hankook tyre has been set up at the entrance.
Continue Reading![Inter Milan be warned: No Europa league, no Pirelli sponsorship](https://www.tyrepress.com/wp-content/uploads/2015/05/CF87BA1W0AAGrSo.jpg)
Inter Milan be warned: No Europa league, no Pirelli sponsorship
Italian football club F.C. Internazionale Milano recently unveiled its home kit for the upcoming 2015/16 season, a strip that prominently displays the name Pirelli – an Inter Milan sponsor since 1995 and former shareholder in the club – on the shirt. But a question mark now hangs over whether this partnership will last another season. Pirelli CEO Marco Tronchetti Provera has indicated that the tyre maker’s interest in sponsoring Inter Milan may wane if the club fails to secure a berth in next season’s Europa League.
Continue ReadingEvonik to build new precipitated silica plant near major US tyre factories
An “upper double-digit” euro investment will help Evonik Industries supply growing demand within the North American tyre industry for precipitated silica. The company has announced plans to set up a precipitated silica production plant in the USA. The facility, which will be built in the southeast of the country, in “close proximity to major American tyre production sites,” is scheduled to be completed in late 2017. The overall project now awaits approval from relevant bodies.
Continue ReadingMichelin begins natural rubber JV with Barito Pacific
Michelin has invested US$55 million for a 47 per cent share in a joint venture with the Barito Pacific Group (BPG). The two parties will work in Indonesia on the production of natural, eco-friendly rubber in a project that involves the reforestation of three concessions that were previously ravaged by uncontrolled deforestation, a total area of 88,000 hectares.
Continue Reading![New global website for Brisa’s Lassa Tyres](https://www.tyrepress.com/wp-content/uploads/2015/05/Lassa.jpg)
New global website for Brisa’s Lassa Tyres
Lassa Tyres, manufactured by Turkish number one tyre producer Brisa, has refreshed its global website. Lassa states the new site aims to give Lassa Tyres’ customers and business partners a fresh look, easy navigation and user-friendly experience.
Continue ReadingKumho OEM supply to Yokohama may begin this year
As reported on 18 May, Kumho Tire has begun negotiations regarding its delivery of original equipment tyres to Yokohama Rubber. Kumho says that such a deal, if agreed upon, would help it increase the utilisation rate of its factories in China.
Continue Reading![New GT Radial truck and bus tyre website](https://www.tyrepress.com/wp-content/uploads/2015/05/gtradialfleet.jpg)
New GT Radial truck and bus tyre website
GT Radial has introduced a global truck and bus tyre website to complement its recently-launched global passenger car tyre online presence. The new www.gtradialfleet.com site is designed for both desktop and mobile devices and provides tyre information according to application and vehicle type, tyre specification and axle position. Other features include a fuel calculator and tyre care tips, plus a section containing brand information and the latest news and user testimonials.
Continue ReadingServicesure Autocentres launches new voice for independent garages
The first meetings of National Advisory Panels, established by Servicesure Autocentres in order “to give independent garages a voice on key issues and influence business services provided to them,” have been held. The inaugural meeting of the Servicesure Autocentres National Advisory Panel for England & Wales took place in Stratford-upon-Avon.
Continue Reading![Trelleborg begins Tractor of the Year 2016 countdown](https://www.tyrepress.com/wp-content/uploads/2015/05/TOTY-Next-Stop.jpg)
Trelleborg begins Tractor of the Year 2016 countdown
Trelleborg and the Tractor of the Year awards will come together again in the following year, strengthening their strategic partnership for the co-marketed event, “Tractor of the Year 2016: Let the challenge begin”. The event will take place at Palazzo Di Varignana, in Bologna, on 18-19 May.
Continue ReadingInfinity Tyres announces new European sales team and office
Infinity Tyres, part of the Al Dobowi Group, has announced two new appointments in European leadership positions. Mitchell Peeters and Riccardo Costa, formerly of Goodyear, have joined the company in the roles of executive director and general manager Europe respectively, operating out of a new European sales office, based in Madrid, Spain.
Continue Reading![Michelin to support international gathering for Citroën DS 60th anniversary](https://www.tyrepress.com/wp-content/uploads/2015/05/00074558_hd.jpg)
Michelin to support international gathering for Citroën DS 60th anniversary
Michelin will celebrate the Citroën DS’s 60th anniversary as enthusiasts create an international gathering this year. The tyre manufacturer has strong connections with its French compatriot, continuing to working with its motorsport teams and equipping all models of the DS sold in Europe.
Continue Reading![The Tire Cologne ‘confirms key players’ for 2018 opening](https://www.tyrepress.com/wp-content/uploads/2015/05/TireCologne.jpg)
The Tire Cologne ‘confirms key players’ for 2018 opening
The Tire Cologne – the Koelnmesse organised rival exhibition to Messe Essen’s Reifen series, commencing in 2018 – has fired the starting pistol in its registration phase. The exhibition, which will take place in Cologne at the same time as Reifen 2018 in Essen (29 May to 1 June 2018), will feature important tyre and wheel business players from across the industry.
Continue ReadingMicheldever targets accelerated growth with Protyre expansion
Micheldever Tyre Services says it will “begin the biggest period of expansion in its 43 year history” this year, with a large expansion of its Protyre retail network planned over the next 18 months. The wholesaler posted revenues exceeding £322m last year, selling 6 million tyres through 8,500 fast fit centres - including its own Protyre branded retail sites. Current low-end estimates could put this figure at around one in every five tyres replaced by UK motorists.
Continue Reading![Micheldever’s TyreClick to support independents’ online competitiveness](https://www.tyrepress.com/wp-content/uploads/2015/05/TyreClick.png)
Micheldever’s TyreClick to support independents’ online competitiveness
In the context of large chains and online specialists growing in influence, Micheldever Tyre Services (MTS), Britain’s largest independent wholesaler, distributor and retailer of tyres, states that its proprietary TyreClick solution could provide an answer for independent garage businesses. The increasing popularity of online tyre sales in European markets, recently noted by Michelin after purchasing Blackcircles.com, is resulting in increased competition for online sales from national chains and specialist internet traders. Recent movement in the online landscape has ignited the debate among independents about how they can compete, and Micheldever says it is stepping into the breach with TyreClick.
Continue Reading