Hankook signs three-year global Real Madrid partnership
Hankook has signed a global partnership contract with Real Madrid CF. The contract starts from July 2016 and is set to last three seasons. By virtue of the deal, Hankook aims to add some 450 million Real Madrid fans from different global markets such as the Asian Pacific region including China, Latin America, and of course Europe. As well as perimeter advertising during all home games at the football club’s Santiago Bernabéu stadium, Hankook will have access to a range of further global marketing rights.
Continue ReadingOmni United buys A to Z Tire in US
Omni United has purchased Texas-based A to Z Tire & Battery, Inc – Omni’s second US-based distribution acquisition. Now the focus is on consolidating the distribution businesses (A to Z Tire and the previously acquired Interstate Tire Distributor) into a single unit under a new brand identity. No further details of what brand and when this will take place have been released.
Continue ReadingVMI awarded damages in Shuangjun case
The Chinese Intellectual Property Court has upheld VMI’s claims against Shuangjun Plastic and Rubber Machinery Ltd. and awarded the full compensation requested by VMI to be paid by Shuangjun. The Chinese Patent Management Bureau ruled that Shuangjun was guilty of patent infringement against VMI’s patent for its tyre building drum back in 2015.
Continue ReadingTrelleborg sponsors Wisconsin, USA Ponsse demo day
Trelleborg has sponsored global leader in forest machines manufacturing, Ponsse North America, at its live demonstration at the Crandon International Off-Road Raceway in Wisconsin, USA.
Continue ReadingToyo extends football sponsorship programme with German, Japanese deals
Toyo Tires has become a premium partner to Fortuna Düsseldorf after entering into a two-year agreement with the German second division (2. Bundesliga) football club. This deal was announced the day the Bundesliga announced its schedule for the 2016/17 season and only a short time after Toyo Tire & Rubber shared news of its new two-year sponsorship of Japanese club Gamba Osaka.
Continue ReadingGroundbreaking held for Pirelli’s second Mexico tyre factory
The China National Chemical Corporation (ChemChina) reports that its subsidiary Pirelli “recently” held a groundbreaking ceremony for its new facility in Mexico. It shares that the US$360 million has been invested in the new plant so far, and by the end of 2018 the total investment figure will exceed $600 million.
Continue ReadingPoint S hints at Indian market involvement
Fabien Bouquet, CEO of Point S International HQ, took part in the Tyre & Rubber industry Leadership Acknowledgement TRILA Awards that took place in parallel with Tyrexpo India on 15 June.
Continue ReadingTatneft, Nizhnekamskshina report slight rise in tyre production volumes
At its annual general meeting of shareholders this month, Russian corporation PJSC Tatneft reported that its various tyre making operations produced a total of 12 million tyres in 2015, including 875,000 solid steel cord tyres. In 2014 the company manufactured 11.64 million tyres, including 745,090 solid steel cord tyres.
Continue ReadingRosava purchases Saehwa equipment for 17-inch tyre production
South Korean tyre industry machinery manufacturer Saehwa IMC is supplying PJSC Rosava the equipment needed to begin the production of 17-inch passenger car tyres. The Ukrainian tyre maker says it is currently working to modernise its production and has invested in the equipment and tooling needed for the manufacture of this rim diameter size.
Continue ReadingSDC trailers bought by Chinese firm CIMC
Chinese firm CIMC Vehicles has acquired Northern Irish firm Retlan Manufacturing Limited, which includes well-known trailer manufacturer SDC Trailers Local news sources quote David Li, general manager and director of the board of CIMC Vehicles, as saying: We are delighted to have acquired the Retlan Group. The acquisition will mark an exciting new chapter in its history. We look forward to working with the existing management to continue its fine tradition of high quality UK-based manufacturing and to the opportunity for further investment to help grow the business.”
Continue ReadingOmsk Carbon USA appoints new manager
Omsk Carbon USA LLC has appointed Piotr Pawlicki as its new manager. According to the company, Pawlicki’s main responsibility will be increasing sales in conjunction and improving customer service for Omsk Carbon Group customers in the North America. The office functions also include overseeing logistics, accounting and HR management.
Continue ReadingIndustrial tyre firm contests US tariffs against Sri Lanka manufactured products
On 4 February 2016, the US Department of Commerce (DOC) announced the initiation of antidumping duty (AD) and countervailing duty (CVD) investigations of imports of certain new pneumatic off-the-road tires from China and India, and a CVD investigation of imports of certain new pneumatic off-the-road tyres from Sri Lanka.
Continue ReadingDriveRightData expands in South America
DriveRightData has established a new sales office in South America as part of its global expansion plan. This year, the company has embarked on a global expansion plan that has seen headquarters established in Los Angeles and South Korea. Last year the company established a base at Mira Technology Park in Nuneaton in Warwickshire, United Kingdom.
Continue ReadingCooper opens new fulfilment centre in Hamburg
Cooper Tire Europe has opened a new European Fulfilment Centre (EFC) located in Hamburg, Germany. According to the company, the EFC will “serve customers throughout Europe and Scandinavia”.
Continue ReadingKPMG: new car sales growth adjusted down 1/6 after Brexit
Market analysts at KPMG have revised down full year 2016 new car sales predictions by a sixth from 3 million units to 2.5 million following the UKs decision to leave the EU. The fear is that the automotive industry, of which tyre supply (both OE and aftermarket) are clearly a part will be most seriously and negatively affected by Brexit. John Leech, head of automotive at KPMG UK, certainly suggested as much: “The British public has voted to leave the EU. As recent surveys showed, the automotive industry is anticipated to be one of the sectors most impacted by the vote to Leave the EU.
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