![Kwik-Fit enters Italian market](https://www.tyrepress.com/wp-content/uploads/2017/04/kwikfit-italy.jpg)
Kwik-Fit enters Italian market
The Kwik-Fit brand is now present in Italy following the opening of the first outlet in the country last Saturday. Kwik-Fit’s entry into Italy follows last year’s signing of an agreement between the company and CDG-ONE, a company belonging to Italian tyre distributor Segema S.p.A. As a master franchisee, CDG-ONE plans to build a network of more than Kwik-Fit 200 centres in Italy by 2026 – the first is now in operation in Buccinasco, Milan.
Continue ReadingTyre makers bidding for India’s Falcon Tyres
Several leading Indian tyre makers are said to be bidding to acquire Falcon Tyres Ltd., the company that supplies the Dunlop tyre brand in Indian market. The Economic Times reports that Apollo Tyres, JK Tyre and Ceat Tyres are amongst the leading bidders.
Continue Reading![China recycling plant and joint venture: Enviro signs MoUs with Vanlead Group](https://www.tyrepress.com/wp-content/uploads/2017/04/enviro-vanlead.jpg)
China recycling plant and joint venture: Enviro signs MoUs with Vanlead Group
State-owned Chinese firm Guangzhou Vanlead Group, parent company of Wanli tyre brand manufacturer South China Tire & Rubber Co., Ltd, has signed two memorandums of understanding with Swedish firm Scandinavian Enviro Systems. The first of these covers the establishment of a turnkey recycling plant in Guangdong province, and the second the setting up of a joint venture to market Enviro’s patented technology across China.
Continue ReadingOE brand pull-through lower in Indian tyre market
According to the JD Power 2017 India Original Equipment Tire Customer Satisfaction Index Study 34 per cent of customers in India cannot recall their tyre brand. Furthermore, only 58 per cent of these customers say they “definitely would” repurchase the original brand, as compared to 65 per cent of those customers who could identify their brand.
Continue ReadingTyrepac founder to head Point S Asia growth
Point S has opened an Asia office Singapore and appointed Ler Hwee Tiong as chief representative. The new Point S representative office is located within the French Chamber of Commerce in the city centre of Singapore and will coordinate activities within the Asian region. Point S push into Asia is expected to be “patient, and adapted to the local working environment of each market”.
Continue ReadingApollo developing tyres for Indian military
Apollo Tyres is reportedly developing tyres for India’s defence forces that will be manufactured at the company’s facility in Chennai, India. The Chennai facility currently produces 16,000 passenger car tyres and 6,000 truck-bus radials per day, according to Apollo. The company is in the process of doubling the truck-bus radial capacity at the factory to 12,000 tyres per day.
Continue ReadingContinental opens newly expanded Hefei car tyre manufacturing plant
Continental AG set the 250 million euro ($271.58 million) expansion of its Hefei, Anhui province, China tyre production plant into operation on 28 March. Total investment in the Hefei plant is now said to be 570 million euros.
Continue ReadingHexpol buys Valley Processing for $44 million
Just three days after buying Trelleborg’s Czech compounding operation, on 3 April Hexpol announced it has signed an agreement to acquire the business of Valley Processing from Ted Ballou and his family. The acquisition price amounts to approximately US$44 million on a cash and debt free basis. There will also be an additional product transfer fee, which will be paid later.
Continue ReadingHexpol buys Trelleborg’s Czech compounding unit for 65 million euros
Hexpol has today acquired 100 per cent of Trelleborg Material & Mixing Lesina s.r.o from the Trelleborg Group. The divested operation develops, produces and supplies polymer compounds. The majority of its sales are to external customers and a minor share to a small number of Trelleborg facilities in Europe.
Continue Reading![Bosch launches compact KTS 350 diagnostic tool](https://www.tyrepress.com/wp-content/uploads/2017/03/kts_350_green_left_with_obd_new_cd_image_72181.jpg)
Bosch launches compact KTS 350 diagnostic tool
Bosch has launched the new KTS 350, which it bills as a compact, all-in-one diagnostic tool. With a fast boot up time of 45 seconds and ESI[tronic] 2.0 already installed and configured, the tool is ready to use and the quick start ultimately saves time during each repair or service. The more powerful processor, four gigabytes of RAM and a quick 256-gigabytes SSD program memory combined with the current Windows 10 operating system ensure fast working. Windows 10 also facilitates the installation of additional applications so it can be easily integrated into existing workflows.
Continue ReadingNexen holds ‘2017 Purple Summit’ in Manchester
Following the announcement of its new sleeve sponsorship deal with Manchester City, Nexen Tire held its ‘2017 Purple Summit’ in Manchester. The Purple Summit is an effort to foster and strengthen relationships with worldwide business partners. It particularly targeted acceleration of the company’s presence in the global market. This year, selected valuable business partners from 34 countries attended the event.
Continue Reading![VMI appoints Dr Edward Holweg as COO](https://www.tyrepress.com/wp-content/uploads/2017/03/thumbnail_2017-03-Edward-Holweg-001.jpg)
VMI appoints Dr Edward Holweg as COO
Prof Dr Edward Holweg will be appointed as the new COO of VMI Group effective 1 April 2017. Dr Holweg succeeds Guido Roncken MBA, who held this position for over 10 years.
Continue Reading![Brembo president to enter Automotive Hall of Fame](https://www.tyrepress.com/wp-content/uploads/2017/03/thumbnail_Ing.-Alberto-Bombassei_4.jpg)
Brembo president to enter Automotive Hall of Fame
Alberto Bombassei, president of well-known brake manufacturer Brembo, has been nominated for induction into the Automotive Hall of Fame. The prestigious honour will be bestowed in a ceremony to be held this July in Detroit. Bombassei is only the ninth Italian to be inducted.
Continue ReadingPerry Lease appointed VP of Sales at Mickey Thompson
Mickey Thompson Tires & Wheels has named Perry Lease vice president of sales. Lease, who previously served as director of national retail sales, North America Tire Operations for Cooper Tire & Rubber Co., will be responsible for driving profitable sales and growing global market share for Mickey Thompson across all segments, including street, strip, racing, off-road and others.
Continue Reading![Tyres ‘a key sector’ at Autopromotec 2017 after tyre space doubles](https://www.tyrepress.com/wp-content/uploads/2017/03/thumbnail_Autopromotec_06.jpg)
Tyres ‘a key sector’ at Autopromotec 2017 after tyre space doubles
When Autopromotec 2017 takes place in Bologna, Italy between 24 and 28 May 2017, tyres will be a key sector. Indeed, according to company representatives, the 2017 show will be the first time all the most important international tyre manufacturers will be present at the same time. As a result, show organisers Promotec Spa point out that this strong presence means more exhibition space devoted to the tyre business, not to mention a busy calendar events and workshops as part of the AutopromotecEDU programme.
Continue Reading