Cam Systems’ connection drives new 30th anniversary campaign online
Cam Systems is launching its 30th anniversary with an online campaign including a new website at the beginning of 2014. The company will demonstrate its connection to tyre industry retailers, manufacturers, fleets and wholesalers in under the campaign header, ‘Connecting the tyre industry’.
Continue ReadingPCR production drop planned for Goodyear Dunlop’s Wittlich plant
Passenger car tyre production at Goodyear Dunlop’s Wittlich plant in Germany will decrease by at least 30 per cent next year. In local media source volksfreund.de, Wittlich works council chairman Joachim Weberskirch confirms rumours that PCR production “will be reduced from round 4,000 a day to 2,500 to 2,800 a day next year.” Weberskirch says this lowering of production is a response to declining sales of passenger car tyres throughout Europe.
Continue Reading[Re]defining brand boundaries?
When Ashley Croft used his farewell Tyre Wholesaler Group annual chairman’s speech to ask how we define what a “premium” tyre is, he captured something of this year’s tyre industry zeitgeist (click here for full coverage of the speech). Of the speech didn’t just deal with this question – it touched on labelling, part worns and what the UK industry is doing to improve the availability of good market data too – but, if the market ruminations of a number of key players are anything to go by, Croft wasn’t the only one to have been raising this question during the last 12 months.
Continue ReadingGoodyear to issue dividend on 5.875% preferred stock
On 2 December, the directors of The Goodyear Tire & Rubber Company have announced a quarterly dividend of 73.44 cents per share of mandatory convertible preferred stock. According to the company, the dividend is payable 1 January 2014, to shareholders of record on 13 December 2013. The payout represents an annual rate of $2.9375 per share.
Continue ReadingYokohama and Kumho sign technology exchange, capital alliance MOU
The Yokohama Rubber Co., Ltd. And Kumho Tire Co., Inc. signed a Memorandum of Understanding (MOU) on 29 November. The companies report that they have agreed to open discussions relating to technology exchanges and a capital alliance based on “cross-shareholdings”.
Continue ReadingCooper opens purpose-built distribution centre in Belgrade
Cooper Tire has announced its plan to open a 6,800m2 distribution centre in conjunction with logistics expert, Milsped, in Belgrade, Serbia. The facility will be located alongside Milsped’s corporate headquarters in the Krnjesevci area of Belgrade. Due to open in December, the centre will have a storage capacity of up to 400,000 tyres.
Continue ReadingA dozen new companies join Conti & Schaeffler’s ‘Premium Circle’
At Continental and Schaeffler’s joint ‘Premium Supplier Day’ in November the two companies named 12 new companies as premium suppliers, and renewed the status of their 19 existing premium suppliers. At the ceremony, Günter Fella, Continental Automotives senior vice-president of purchasing, described the cooperation with its premium suppliers as the basis for a successful industrialisation of new technologies.
Continue ReadingGoodyear publishes road safety white paper
Goodyear Europe, Middle East and Africa (EMEA) published the findings of a new research project it undertook with the European Driving Schools Association (EFA) on 27 November. Alongside the research, Goodyear EMEA published a Road Safety White Paper – “Driving Safety First: Improving Road Safety For Novice Drivers”. The White Paper was introduced and discussed at a panel debate of the European Transport Safety Council in Brussels today.
Continue ReadingEuropeans are getting familiar with tyre labelling, but seldom use it
Rezulteo has offered the latest chapter in the reception history of European tyre labelling. Following on from research conducted by or on behalf of Goodyear Dunlop, NTDA/Lanxess, Encircle and the French tyre association (Syndicat des professionnels du pneu - SPP) tyre comparison website Rezulteo has weighed in with its own research conducted by the Ipsos Institute.
Continue ReadingToyota launches official parts and accessories eBay stores
Toyota GB has launched official Toyota and Lexus parts and accessories eBay stores. According to the company, the e-commerce initiative gives UK customers a new way to source the parts they need, with confidence that they are purchasing the genuine article, direct from Toyota’s central distribution centre in Lutterworth. It is also designed to reach a wider customer base, particularly among owners of older vehicles. Toyota GB is the first of Toyota’s European national marketing and sales companies to launch a full-scale e-commerce programme. It plans to further develop the online stores by introducing “click and collect” and “click and fit” services during 2014.
Continue ReadingLanxess: “Green Tyres” save truck drivers save truck drivers 8.5 per cent on fuel
Tyre compound supplier Lanxess reports that “green Tyres” can reduce fuel consumption of trucks by 8.5 per cent following a road test on truck tyres. Working in partnership with chemical logistics provider Talke, with results the results independently verified by TÜV Rheinland, Lanxess found a fleet of 300 trucks would save £1.3 million a year in fuel costs by using so-called “green tyres”, making rolling resistance a key criterion for carriers when purchasing tyres.
Continue ReadingPirelli signs research MoU with Russian partners
Russian government-owned oil company Rosneft and state corporation Rostec (Russian Technologies) have entered into a Memorandum of Understanding with Pirelli. Under the MoU, signed on 26 November, the three parties agree to the joint research and development of materials to be used in tyre manufacture.
Continue ReadingToyo enters anti-trust plea agreement
On 26 November, Toyo Tire & Rubber entered into a plea agreement with the United States Department of Justice and agreed to pay a US$120 million fine based on charges that the company violated US anti-trust laws in connection with sales of automotive anti-vibration rubber products and constant-velocity-joint boot products. The Japanese company says it decided to enter into the plea agreement “after careful consideration of the applicable laws, and the results of the findings from the investigation.”
Continue ReadingTitan announces 2014 management goals
Titan International has set a 2014 revenue goal of US$2.4 billion to $2.7 billion, the company reported on 25 November. This target assumes that Titan will not make any further acquisitions and is calculated on the premise that pricing and raw material costs will remain flat next year. Titan forecasts maintenance capital expenditure will be $70 million in 2014.
Continue ReadingHungarian synthetic rubber JV announced
Hungary’s MOL Group and Japan’s JSR Corporation have reached an agreement to establish an S-SBR synthetic rubber plant in Tiszaújváros, Hungary. The plant is expected to begin operations in 2017 and JSR and MOL will hold 51 per cent and 49 per cent shares in the joint-venture respectively. Plant capacity will be 60,000 tonnes per annum, and in the long term the project should create more than 100 new jobs.
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