Bespoke Arcom storage system helping tyre manufacturer stay flexible
Polish supplier of storage systems for the tyre industry, Arcom has developed and installed a new flexible storage system at German tyre supplier, Heidenau. Arcom says the new project demonstrates the flexibility of its crates and stackable storage containers for tyres, in addition to its adaptability to the individual needs of each client.
Continue ReadingSand, samba and sport – Continental catches World Cup fever
What do you do if you’re a World Cup sponsor and it isn’t feasible to fly all your customers over to Brazil? You can always bring Brazil to your customers. This is the approach Continental has taken, and over a three-week period the tyre and automotive systems manufacturer is inviting dealers and other guests to its own slice of South American paradise, some 30 miles north of the German city of Hannover.
Continue ReadingCheng Shin appoints new chairman, outlines Indonesia project at AGM
At Taiwanese tyre maker Cheng Shin Rubber’s Annual General Meeting, the son of company founder Lo Chieh (Luo Jie) was appointed the firm’s new chairman of the board. Lo Tsai-Jen (Lo Cairen), previously vice-chairman, replaces his 88-year old father as chairman effective 17 June. Lo Tsai-Jen became vice-chairman of the board in 2010; prior to that he served as general manager.
Continue ReadingPhase one at ContiLifeCycle plant successfully implemented
Following a two-year planning and construction phase, Continental reports the successful implementation of the first operational phase at its ContiLifeCycle facility in Hannover, Germany. “Following the official plant opening last December, the series production of retreaded tyres began in the plant at the start of the year,” reported the tyre maker on 13 June. “With this, important goals in regards to product characteristics have already been achieved. Furthermore, additional process-related enhancements are expected due to ongoing process improvements.”
Continue ReadingGiti to build $560 million US tyre plant
Fresh from entering into the top 10 of global tyre makers, Giti Tire has announced that it will build a new $560 million passenger car, SUV and light truck tyre tyre factory, creating about 1,700 new jobs in Chester County, South Carolina during the next decade.
Continue ReadingNexen appoints Seung-Do Jin as new European president
Nexen Tire has appointed Seung-Do Jin, a former Hankook Europe head, as president Nexen Tire Europe. Jin has years of professional experience and, according to the company, his team will be able to align the company in order to “meet all future challenges successfully”.
Continue ReadingBridgestone becomes partner, official tyre of Olympic Games
Bridgestone Corporation confirmed on 13 June its entry into an agreement with the International Olympic Committee (IOC) to become an official top-tier Olympic partner through to the 2024 Olympic Games. The ceremonial signing of the ‘TOP’ agreement in Tokyo was performed by Bridgestone CEO and Board chairman Masaaki Tsuya and IOC President Thomas Bach.
Continue ReadingNew name and logo for Federal-Mogul
Federal-Mogul Holdings Corp. has announced the next step in its ongoing strategy to drive the global growth of its premium products and leading brands. Effective immediately, the companys Vehicle Components division will be renamed Federal-Mogul Motorparts. Federal-Mogul Motorparts is a leading provider of premium brands, including MOOG, Fel-Pro, Champion, Wagner, ANCO and Ferodo to the global aftermarket. Federal-Mogul Motorparts also provides high-quality vehicle braking, chassis and wiper components to global original equipment manufacturers.
Continue ReadingAeolus becomes sustaining member of German tyre dealer association
Aeolus has announced its membership of German tyre dealer association BRV. The Chinese brand says it will cooperate on bilateral work with the association. Wang Feng, general director of Aeolus Tyres said: “As a Chinese tyre manufacturer, we are particularly proud to become a sustaining member of the German association. We look forward to providing support for the regulations and the major tasks in this very important branch of the specialised trade within the scope of our capabilities.
Continue ReadingToyo launches new mid-term business plan
Along with the unveiling of its ‘Vision 2020’ strategic plan that outlined aims leading up to its 100th anniversary, in May 2011 Toyo Tire & Rubber announced its ‘Mid-term 11’ plan that identified goals for the years to 2015. The tyre maker now reports that due to a favourable business climate, including a weakening of the Japanese yen and lower raw material prices, it has met the Mid-term 11 targets – such as boosting supply capacity – ahead of schedule. Toyo has now set itself a new three-year mid-term business plan, titled ‘Mid-term ’14 GO BEYOND’. This latest plan sets this year as a starting point and covers specific targets up to the end of 2016, while looking forward five years to 2018.
Continue ReadingNew R&D centre: Hankook breaks ground on ‘Technodome’
Groundbreaking took place yesterday on Hankook Tire’s new KRW 266 billion (£155.7 million) R&D centre in South Korea. When complete in 2016, the Daejeon-based Hankook Technodome will be the first of two new research and testing facilities the tyre maker plans to establish as the core instruments of its overall research and development infrastructure. The Hankook Technodome will serve as an incubator for innovative new technologies and eventually operate in tandem with a further facility that is scheduled to open in 2018, the Hankook Test Engineering Center in Sangju, South Korea. The Sangju site’s planned function is to act as a hub for tyre evaluation technologies, and it will be equipped with state-of-the-art tyre testing facilities.
Continue ReadingBKT maintains 30% CAGR
During Reifen 2014 a BKT (Balkrishna Industries) representative commented that the Indian off-road tyre specialist’s turnover has increased by an average of 30 per cent a year over the last five years. A look at the company’s results for the 2013-14 financial year shows this is indeed the case; for the 12 months to 31 March 2014 the company achieved net sales of Rs 35,770 million (£360.4 million). This is a long way from the Rs 12,572 billion earned in 2008-09. EBITDA was Rs 8,940 million (£90.1 million) for the 2013-14 period, a year-on-year increase of 34.5 per cent, while the EBITDA margin rose from 20.8 per cent to 25.0 per cent. Net profit for the year amounted to Rs 4,883 million (£49.2 million), with an earnings per share of Rs 50.53.
Continue ReadingMichelin intends to acquire Brazilian digital fleet management company
Michelin has announced its intention to acquire all outstanding shares of Sascar, the leading Brazilian digital fleet management and freight security company. Michelin said that the acquisition would help to strengthen its global truck fleet telematics business, calling it an important growth area.
Continue Reading2015 Pirelli Calendar photographer named
Pirelli says it has chosen Steven Meisel as photographer for its 2015 Calendar. The tyre maker hasn’t released any further information about the upcoming project at this stage.
Continue ReadingE-commerce comes of age
It seems 2014 could be the year that tyre e-commerce hits maturity. It doesn’t seem that long ago that the NTDA published research showing that the number one method of ordering was phone and – wait for it – fax. Internet was a minority method, but e-mail (a medium of communication that is buckling under the pressure of increased demand for more and faster contacts) was showing some signs of growth. In fact it was November 2005, and therefore will soon be a decade ago. In 2014, virtually every significant wholesale and direct distribution operation is supported by a sophisticated online ordering system that is simply backed by other methods of communication.
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