Court calls in liquidator to deal with Dunlop India – update
The Ruia Group has provided further information as a follow up to our news about Dunlop India Ltd. and recent proceedings in the Calcutta High Court. The Group’s vice-president of corporate communication, Dhrubajyoti Nandi, told Tyrepress.com that the reported court session of 22 December was challenged by the company before a division bench of the Calcutta High Court that same day. The division bench, shared Nandi, “ordered status quo.”
Continue ReadingBridgestone investing in US plant expansion
A planned expansion of a Bridgestone passenger car tyre plant in the USA will help the company respond to increasing global demand for higher rim size tyres, the company says. The Wilson manufacturing facility in North Carolina will be expanded as part of a five-year, US$164 million investment to meet market demands and to invest in newer and more efficient technology. Work on the multi-phase expansion of the 42-year-old facility is expected to commence in early 2016.
Continue ReadingPoint S/Däckteam partnership is the largest tyre retailer in Sweden
Point S Development’s existing network in Sweden has joined forces with Däckteam to form the largest independent tyre dealer network in the country.
Continue ReadingGiti confirms Chongqing truck tyre plant closure
Giti Tire closed its Chongqing, China truck tyre factory in November 2015 the company has confirmed. This means that roughly 90 per cent of the plant’s 1,100 workers will lose or have already lost their jobs, leaving around 100 staff in work.
Continue ReadingTyre production on the rise at ATG’s third factory
Alliance Tire Group, or ATG, calls itself the industry’s fastest-growing manufacturer of off-highway tyres. To support this expansion the company recently opened a new factory in Dahej, India. The tyre maker says the state-of-the-art 122,000 square metre plant utilises the latest manufacturing technologies and is currently able to produce 90 tonnes per day or 33,000 tonnes of tyres per annum, with capacity expected to rise to 57,000 tonnes a year by the end of 2016.
Continue ReadingYokohama exhibiting at Tokyo Auto Salon 2016
The Yokohama Rubber Co. Ltd. will again participate in the Tokyo Auto Salon, this year held 15-17 January at Makuhari Messe. According to the company, the Yokohama exhibit will showcase both the company’s tyres and aluminium wheels, with a particular emphasis on the Advan global flagship brand.
Continue ReadingGoodyear Dunlop’s Sava factory wins Ford Q1 award
The Goodyear Dunlop Sava Tires plant has received the respected Ford Q1 certification. The Ford Q1 certification acknowledges supplier facilities or manufacturing sites which have achieved excellence in a range of important criteria including capable systems, high performance, superior manufacturing process, and satisfied customers. The Q1 mark is considered worldwide as an indication of exceptional quality.
Continue ReadingCourt calls in liquidator to deal with Dunlop India
After years of lockouts, plant shut downs and operative restructuring, the Calcutta High Court has now ordered its Official Liquidator to take possession of all assets belonging to Dunlop India Ltd and to control all further company transactions.
Continue ReadingBridgestone receives payout as Pep Boys deal dies
The merger agreement signed between Bridgestone Retail Operations and The Pep Boys – Manny, Moe & Jack in October 2015 has been terminated, and in its place the US automotive service and retail chain has signed a definitive agreement under which Icahn Enterprises will acquire Pep Boys for US$18.50 per share in cash. Simultaneous with the demise of the Bridgestone agreement, Icahn Enterprises, on behalf of Pep Boys, paid Bridgestone a $39.5 million termination fee
Continue ReadingUS tyre makers urge climate change action
In a statement issued on 29 December 2015, the heads of five major North American tyre manufacturers called for the US government to not only meet the commitments it made in the recent Paris climate change talks, but to “use its economic might to drive strengthened commitments over time and follow through from other countries around the globe.”
Continue ReadingMarangoni selling Pneusmarket to Fintyre
Italy’s leading aftermarket tyre distributor, the Fintyre Group, has reached an agreement to acquire the Pneusmarket network from the Marangoni Group. This transaction marks Fintyre’s entry into the tyre retail business.
Continue ReadingPep Boys bidding battle – Bridgestone throws in the towel
During the closing days of last year, Bridgestone Americas announced that the Bridgestone Retail Operations subsidiary would not counter bid the latest bid from Icahn Enterprises to acquire The Pep Boys – Manny, Moe & Jack. This meant a Happy New Year for Carl Icahn, who now looks set to add the brand and the 800+ Pep Boys outlets to his portfolio.
Continue ReadingPirelli reverse merges with Marco Polo
Pirelli & C. S.p.A. is to officially reverse merge with Marco Polo Industrial Holding S.p.A. This transaction will be submitted to the extraordinary shareholders’ meetings on 15 February 2016, with a view to completing during the first half of 2016.
Continue ReadingApollo to manufacture motorcycle tyres?
Apollo Tyres is reportedly looking to enter the motorcycle tyre business in the first half of 2016. Indian automotive website ZigWheels writes that its sources suggest Apollo will focus on tyres for motorcycles with a 300cc and larger displacement.
Continue ReadingHow on-board sensor trends are impacting the tyre market
Tyres have been getting cleverer for some time. RFID chips have been embedded in tyres for a decade or more across a range of applications. Michelin, for example, has patented a special way of embedding RFID chips in truck tyres before curing in such a way that chips are not destroyed by the intense heat and/pressure applied during vulcanisation. As a result, the French manufacturer is able to track its premium commercial vehicle products from new tyre through several retreading cycles. Goodyear has been using the technology in Nascar and other motorsport activities for some time. And Chinese tyre manufacturing equipment maker Mesnac first showed Tyres & Accessories a tyre with multiple RFID chips embedded a decade ago. As useful as all this is, it is only one dimension of what is going on. In short it is just one example of how tyres are now getting even smarter.
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