Mytyres.co.uk gains Michelin approval
Michelin has designated mytyres.co.uk as a “Michelin Approved Website”. By doing so, Michelin confirms that mytyres.co.uk meets all the quality standards established by the tyre manufacturer for products, services, and the sale of its tyres. The seal is awarded by TÜV Rheinland on the basis of an annual test.
Continue Reading![‘Only efficiency will save tyre distributors’ – Top 5 European tyre wholesaler Fintyre](https://www.tyrepress.com/wp-content/uploads/2017/02/fintyre-17.jpg)
‘Only efficiency will save tyre distributors’ – Top 5 European tyre wholesaler Fintyre
In response to a contracting market in 2013 and 2014, Italian wholesale giant Fintyre underwent a reorganisation, involving relocation north from Empoli to Seriate, Bergamo and a staff reduction of 60 employees. The overhaul of the company structure did not end there; it started a process in 2015, completed in late 2016, which has changed the face of Fintyre. This, it states, has consolidated its position as the leader of the Italian market with a share of around 25 per cent. In 2015, British investment firm BlueGem Capital Partners, which at that point held a 90 per cent share in Fintyre after its original 2009 investment, was recapitalised following a major financing agreement with GSO Capital Partners. The company then made two major acquisitions – Pneusmarket and Franco Gomme – which have helped to increase turnover from 255 million in 2014 to an estimate of more than 400 million euros in 2016.
Continue Reading![Trending? Tyres and economic trends](https://www.tyrepress.com/wp-content/uploads/2017/02/studying-economics-3-1483737.jpg)
Trending? Tyres and economic trends
The UK economy grew 0.6 per cent in the October-to-December period. Taking the year as a whole, the economy grew 2 per cent, 10 per cent slower than the growth of 2.2 per cent achieved in 2015. Good news, I hear you say. But, as with many things in life, the details tell a more complicated story. Many sources, such as the BBC, contend that this better-than-expected growth is because of increased consumer spending during the last quarter of the year. However, it is also worth pointing out that UK car production achieved a 17-year high in 2016, according to the latest figures published by SMMT. This comes at the same time that the motor manufacturer’s association reported new car registrations of just under 2.7 million for the year – itself another record. This being the case, it is worth taking a closet look at the figures and the messages give us in the inextricably linked tyre sector as well as the economy as a whole.
Continue Reading![Hankook Tire acquires Australia’s JAX Tyres](https://www.tyrepress.com/wp-content/uploads/2017/02/jax.jpg)
Hankook Tire acquires Australia’s JAX Tyres
Australia’s JAX Tyres is now entirely owned by Hankook Tire. On 23 January, the South Korean firm acquired a 100 per cent stake in the franchise network of tyre retailers from its principal shareholder, company chairman Fred Hurrell, and others. The deal covers 83 outlets in the eastern states of Australia. While Hankook Tire hasn’t disclosed the sum it paid for JAX Tyres, Pulse shares that market observers estimate a KRW 100 billion (£68.8 million) price tag for the transaction.
Continue Reading![First training for Multistrada-supported football academy](https://www.tyrepress.com/wp-content/uploads/2017/01/paris-saint-germain-training.jpg)
First training for Multistrada-supported football academy
The Paris Saint-Germain Academy in Bali, an initiative jointly set up by the French football team and its tyre partner PT Multistrada Arah Sarana, held its first training session this week. The inaugural training on 28 January marked the start of twelve-month programme that will see six to 19 year olds develop their football skills at sessions held three times a week.
Continue Reading![Autosport 2017: Where the motorsport industry and tyre trade meet](https://www.tyrepress.com/wp-content/uploads/2017/01/IMG_6021.jpg)
Autosport 2017: Where the motorsport industry and tyre trade meet
Tyre firms present included Pirelli, Yokohama, Toyo, Landsail, MRF and Davanti In addition, the Motorsport Industry Association (MIA) welcomed Mark Garnier MP, the Parliamentary Under Secretary for the Department of International Trade (DIT), to the annual global motorsport showcase at the show. Garnier, who is also MP for Wyre Forest, leads on high value export […]
Continue Reading![Pirelli celebrates 110 years in motorsport](https://www.tyrepress.com/wp-content/uploads/2017/01/PH-Pirelli.jpg)
Pirelli celebrates 110 years in motorsport
This year Pirelli is celebrating 110 years in motorsport and to highlight its forthcoming activities during the season, as well as celebrating the achievements of last year’s champions, the Italian tyre company once again had a significant presence at the Autosport International Show in Birmingham’s National Exhibition Centre.
Continue Reading![ETRMA tyre sales up 2-3 per cent](https://www.tyrepress.com/wp-content/uploads/2017/01/etrma-FY2016.png)
ETRMA tyre sales up 2-3 per cent
On 23 January the European Tyre and Rubber Manufacturers’ Association published its members’ sales for the year 2016 and the last quarter of 2016. Consumer tyres were up 2 per cent in 2016 - despite minor fluctuations during the third quarter and with a strong performance in the last quarter (+4%). OE consumer tyres sales followed the performance of new car registrations, albeit it more slowly, rising 3 per cent.
Continue Reading![Momentive breaks ground on European silane plant](https://www.tyrepress.com/wp-content/uploads/2017/01/Momentive_NXT_Groundbreaking_Leverkusen-sml.jpg)
Momentive breaks ground on European silane plant
Officials from the German city of Leverkusen and the Chempark chemical park joined Momentive Performance Materials Inc. at the official groundbreaking of its new manufacturing facility on 26 January. The company intends to invest US$30 million to build a dedicated manufacturing capacity for its NXT silane products in the European market. The new facility will join Momentive’s existing Leverkusen operations and network of 24 manufacturing sites located around the world.
Continue ReadingMRF Tyres to supply Australian Rally Championship
MRF Tyres has been named the official tire supplier for the CAMS Australian Rally Championship (ARC), Australia’s national rally championship series.
Continue Reading![Gold medallist Hagino named a Bridgestone Athlete Ambassador](https://www.tyrepress.com/wp-content/uploads/2017/01/bridgestone-ambassador.jpg)
Gold medallist Hagino named a Bridgestone Athlete Ambassador
Japanese swimmer and Olympic gold medallist Kosuke Hagino has become a ‘Bridgestone Athlete Ambassador’ for a period of five years. The company states that it is “excited to partner with Hagino to share his journey and support him in the continued pursuit of his goals,” and expresses its hope that the swimmer “will successfully embody our corporate values.”
Continue Reading![Golf buggies to benefit from Michelin’s Tweel technology](https://www.tyrepress.com/wp-content/uploads/2017/01/golf_cart_2.jpg)
Golf buggies to benefit from Michelin’s Tweel technology
A Michelin Tweel airless radial tyre-wheel combination is now available for golf buggies, initially in North American markets. Michelin North America has announced the launch of the Michelin X Tweel Turf, a replacement for the standard 18X8.5N10 front and rear golf buggy fitment. The X Tweel Turf has a maximum speed of 25 mph and a maximum load of 705 pounds/320 kilogrammes.
Continue Reading![Momentive acquires US silane plant](https://www.tyrepress.com/wp-content/uploads/2017/01/Sea-Lion-PR.jpg)
Momentive acquires US silane plant
Momentive Performance Materials Inc. has acquired the operating assets of Sea Lion Technology, Inc. located in Texas City, Texas. Sea Lion is a contract chemical manufacturer that has manufactured silane products for Momentive for more than a decade, including silanes sold under Momentive’s NXT brand. The Texas City facility will continue to manufacture NXT silane as an integrated part of Momentive’s global supply chain, joining the company’s 24 other manufacturing facilities located around the world.
Continue Reading![Bridgestone returns as solar race title sponsor](https://www.tyrepress.com/wp-content/uploads/2017/01/solar-challenge.jpg)
Bridgestone returns as solar race title sponsor
Bridgestone Corporation will act as naming rights sponsor to the World Solar Challenge for another year. The company, which first sponsored the solar race in 2013, considers the Bridgestone World Solar Challenge (BWSC) the “perfect venue to promote research and development ventures geared toward the creation of a sustainable mobility.”
Continue ReadingCooper Tire distribution centre damaged by tornado
A tyre warehouse and distribution facility leased by Cooper Tire & Rubber in the USA sustained damage during a tornado just over a week ago, and as a result is currently out of operation. The site in Albany, Georgia was damaged on 22 January, and customer orders are being rerouted to other facilities.
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