Mr Tyre acquires NSTB Group
North Staffordshire-based independent tyre dealer, NSTB Group Ltd, has been acquired by Mr Tyre Ltd. Included in the deal are the companys three operational branches in Newcastle-under-Lyme, Tunstall and Longton, which are branded as North Staffs Tyre and Battery Autocentres.
Continue ReadingApollo increases Chennai tyre plant by 50%
Apollo Tyres Ltd’s board of directors has approved the expansion of truck-bus radial capacity at the Chennai plant from present levels of 6000 tyres per day to 8900 tyres per day. According to the company this move stems from the fact that the Chennai plant is outperforming projections.
Continue ReadingCooper reorganises senior leadership
Cooper Tire & Rubber Company chairman, chief executive officer and president Roy Armes has announced details of a reorganisation of the company’s executive leadership centring on the appointment of a new president – International Operations. The changes take effect immediately.
Continue Reading![Creditor funding for Kumho US plant approved; production to start early 2016](https://www.tyrepress.com/wp-content/uploads/2014/07/georgia1.jpg)
Creditor funding for Kumho US plant approved; production to start early 2016
Kumho Tire has announced that work will resume on its tyre plant in the US state of Georgia. In a Korean-language statement issued 30 June, the company said it had approved an investment by creditors, and anticipates that the US$413 facility will be complete in early 2016. This information was confirmed the following day by the Macon-Bibb County Industrial Authority.
Continue Reading![Michelin launches new corporate site, media portals](https://www.tyrepress.com/wp-content/uploads/2014/07/mich-site.jpg)
Michelin launches new corporate site, media portals
This week, Michelin launched what it calls a “new brand ecosystem” – the French tyre maker has introduced an entirely redesigned michelin.com site, a worldwide Facebook page and YouTube channel, and a new presence on LinkedIn. The new site is designed to be more accessible and ergonomic while also intuitive and functional; Michelin describes it as “an expression of the brand’s digital promise” that is aligned with its values and the brand’s stated mission of giving “everyone a better way forward.”
Continue Reading![Aeolus a DongFeng Racing Team platinum sponsor](https://www.tyrepress.com/wp-content/uploads/2014/07/np-Dongfeng-Race-Team_240614_0726.jpg)
Aeolus a DongFeng Racing Team platinum sponsor
According to Greek mythology, Aeolus was the ruler of the winds, and for this reason Aeolus Tyres’ Western Europe general manager considers sponsoring a participant in the Volvo Ocean Race 2014/2015 highly appropriate. At a press conference in the French seaport of Lorient, Thomas Wohlgemuth said the sponsorship deal with the DongFeng Racing Team had “set the sails towards the right direction” and will aid Aeolus in its goal of positioning itself at the apex of its business segment.
Continue Reading![Mitas to expand Serbia tyre factory](https://www.tyrepress.com/wp-content/uploads/2014/07/Mitas-factory-in-Ruma-Serbia_Photo-by-Ivo-Somr-2014.jpg)
Mitas to expand Serbia tyre factory
Mitas has announced plans to invest the expansion of its Ruma, Serbia factory. In the first part of the planned upgrades, Mitas will build a new logistics centre. According to the company, this will help satisfy the rising demand from South European, East European and Middle East markets. In practice this means Mitas will soon also prepare an upgrade of Rumas production capacities for radial agricultural and forestry tyres. Mitas’ Serbian factory now produces both bias and radial agricultural tyres. The investment will be completed in mid-2016, at which point the Ruma plant will have a capacity of 35,000 tonnes a year.
Continue Reading![Blackcircles.com opens first Tesco PitStop in Scotland](https://www.tyrepress.com/wp-content/uploads/2014/06/black_circles_06.jpg)
Blackcircles.com opens first Tesco PitStop in Scotland
Blackcircles.com has opened its fourth tyre fitting Tesco PitStop, and first in Scotland, at Tesco Extra in Silverburn, Glasgow. The PitStop is operational and opened for bookings on Saturday 28 June, with the first tyres being fitted on Monday 30 June. The first PitStop Click&Fit tyre bay was opened in Milton Keynes in July 2013. Since then, additional PitStops have been opened at Tesco Extra stores in Bar Hill, Cambridge and Handforth, Cheshire.
Continue ReadingFurther details on Goodyear’s Americas investments
At the end of May, Goodyear Tire & Rubber shared details of its plans to increase its consumer tyre capacity in the Americas by 12 million units a year between 2013 and 2019 by erecting a new factory and upgrading existing plants. Further details on these projects have been published by “agência latinapress”; on 27 June, it reported Goodyear’s Latin American region president Jamie Szulc as saying the tyre maker is looking at sites in Brazil, Columbia, Mexico and the US for its greenfield facility, which will have an annual capacity of 6 million tyres. Szulc is also quoted as saying that investments in Goodyear plants in Venezuela, Peru and Columbia are on the cards.
Continue Reading![Nexen confirms Czech Republic factory details](https://www.tyrepress.com/wp-content/uploads/2014/06/Nexen-Tire-Builds-New-Plant-in-Zatec-Czech-Republic.jpg)
Nexen confirms Czech Republic factory details
Nexen Tire has officially confirmed that it is building a new plant in Zatec, Czech Republic with the stated aims of developing its European foothold and expanding its global production base. The company also confirmed that the project will cost 1.2 trillion Korean won, approximately 829 million euros, bringing some clarity to reports that have also suggested a US$1.17 billion pricetag.
Continue Reading![Nexen gearing up for greater European presence](https://www.tyrepress.com/wp-content/uploads/2014/06/IMG_2384.jpg)
Nexen gearing up for greater European presence
A lot has been going on at Nexen this year. Much of this activity has been taking place within the European market. And more still was going on during the weeks before, during and after the Essen Show. Less than two weeks before the exhibition opened the company highlighted its recent progress with first quarter results punching above the company’s weight. During the exhibition the company was ostensibly there to display examples from its range and launch three new products – the N’blue HD Plus, Winguard SnowG and Winguard WT1(see textbox for more about what was actually presented in Essen). But it quickly transpired that there is more than this going on.
Continue ReadingNexen Tire signs Czech plant deal, ups investment to $1.17 billion
Following Tyres & Accessories’ reporting of Nexen Tire Corp’s decision to build a greenfield tyre production plant in the Czech Republic back in March 2014, the company has signed a deal with the Czech government. On 27 June the Korean Yonhap news agency reported that tyre company negotiated a 1.2 trillion won (US$1.17 billion) to build the factory. The specific number here is significant because the details issued to T&A in March only referred to investment of $800 million dollars.
Continue ReadingMaxxis/Cheng Shin investing $500 million in tyre factory construction and expansion
Cheng Shin Rubber Ind. Co. Ltd. (the parent company of Maxxis International) is investing over US$500 million in building new plants in Indonesia and Taiwan as well as expanding three existing plants in China.
Continue Reading![The Genesis of Zenises](https://www.tyrepress.com/wp-content/uploads/2014/06/ab7_INF1_HIGH.jpg)
The Genesis of Zenises
Mid-way through the Essen Show, the people behind one of the largest plots in hall three (home to the Infinity, Westlake and Linglong brands) announced that they are changing their corporate identity. And while this did mean the unveiling of a Zenises logo and a new range of Z branded tyres, speaking to chief executive officer Harjeev Kandhari reveals that the concept goes far further than this.
Continue ReadingMaxxis ‘holding ground’ in global tyre market
Maxxis held its ground at number nine in the annual Tyres & Accessories ranking of key global tyre industry companies, with its 2013 financial results showing consistency with 2012. The Taiwan based manufacturer reported small increases in sales, from $4.63 billion in 2012 to $4.77 billion in 2014, with net profit remaining at around 14 per cent. Maxxis International managing director Derek McMartin said that the company considers its results “a great achievement” given the continuing volatile market situation.
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