![Autopromotec 2015 tyre space sold out](https://www.tyrepress.com/wp-content/uploads/2015/03/Ap15-Map-new.jpg)
Autopromotec 2015 tyre space sold out
With Autopromotec 2015 kicking off in just a few months, the show’s organizers have confirmed that the space allocated for tyres and tyre equipment has already sold out. In addition the show, which will be held in Bologna, Italy from 20 – 24 May, is said to have witnessed a positive trend in terms of exhibitors and international trade delegations.
Continue Reading![Who is ChemChina?](https://www.tyrepress.com/wp-content/uploads/2015/03/ChemChina_portrait.jpg)
Who is ChemChina?
With ChemChina in talks to buy Pirelli, Tyres & Accessories presents a brief introduction to the Chinese firm The China National Chemical Corporation (otherwise known as ChemChina) is Chinese a state-owned chemical, rubber and tyre business. Established in May 2004, ChemChina is run under the administration of SASAC (the Chinese State-owned Assets Supervision and Administration Commission). The first thing we have to consider is the size of the company. ChemChina is a Fortune 500 company and call itself Chinas largest chemical company. Globally the firm places itself in 19th place.
Continue ReadingChemChina front-runner to buy Pirelli
News agencies are reporting China National Chemical Corporation, which names brands such as Aeolus amongst its number, is close to purchasing shares in Camfin, which own 26 per cent of Pirelli and would give ChemChina a controlling shareholding in Pirelli. For the last year or so Camfin has been owned by Russian oil firm Rosneft and a holding company of Pirellis chairman and chief executive, Marco Tronchetti Provera. Other significant shareholders include Italian banks Intesa Sanpaolo and UniCredit.
Continue Reading![Alliance tyre-shod team sets extreme altitude record](https://www.tyrepress.com/wp-content/uploads/2015/03/atg-altitude.jpg)
Alliance tyre-shod team sets extreme altitude record
A truck supported by Alliance Tire Group (ATG) and Bohnenkamp has set a new world record height of 6,675 metres in the Chilean Andes. Alliance Tire Group supported Martin Jeschke and his team Extreme Events from Limburg, Germany. Demonstrating performance and durability “The attempt to set up a new world record is quite a challenge”, […]
Continue Reading![Vipal expanding across Europe](https://www.tyrepress.com/wp-content/uploads/2015/03/IMG_3696.jpg)
Vipal expanding across Europe
At the end of 2014, Brazilian retreading material supplier Vipal reported that it had opened a UK distribution centre in the East Anglian port of Felixstowe. However, the recent opening is more than just an example of an expanding operation in one European market, rather it is an example of how the company is growing across the continent. Tyres & Accessories met up with Vipal Europe general manager Alessandro Campos and East and region sales representative, Michal Baxa at the company’s new distribution facility to find out more.
Continue Reading![Toyo Tire anti-quake rubber controversy sends shockwaves through share price](https://www.tyrepress.com/wp-content/uploads/2015/03/Toyo-drop.gif)
Toyo Tire anti-quake rubber controversy sends shockwaves through share price
Toyo Tire & Rubber Co.’s share plummeted by the most in four years this week after the company revealed that a rubber product it sold as a building material for protecting against earthquakes failed to meet the necessary certification. The news, which was released in an official statement on 13 March, revealed that that its […]
Continue ReadingJohn Salvatore the new Carlstar CEO
The Carlstar Group, LLC named John C. Salvatore as chief executive officer on 16 March, with the appointment effective immediately. Dino Cusumano, Partner of American Industrial Partners, Carlstar’s majority shareholder commented: “We are very excited to have John lead Carlstar as its CEO. John brings with him a long history of leadership and accomplishments in […]
Continue ReadingVidachim to cut staff by 150, not 314
Bulgarian-based car tyre manufacturer Vidachim has reduced the scale of planned staff cuts from 314 to 150. The new plans were announced on Monday 16 March 2015 after a meeting of Energy Minister Temenuzhka Petkova with workers and senior executives of the plant. However, it is not clear how long these measures can delay further […]
Continue ReadingMichelin: European tyre demand improving, emerging markets face headwinds
Michelin’s February tyre demand data shows a sequential improvement in replacement demand in most markets. With China and Brazil being the only real exceptions, basically every other showed month-on-month increases - the first positive uptick months. The situation in China however, is somewhat bleaker. According to the Michelin tyre demand data, Chinese passenger car tyre replacement demand dropped -13 per cent from growth of +18 per cent in January. “This is a worrying indicator for broader China consumer demand”, Morgan Stanley market analysts wrote in an investor’s note data 13 March 2015.
Continue ReadingKumho’s Georgia factory to be funded by bond sale
Kumho Tire will finance the construction of its new one million square-foot manufacturing plant in Macon, Georgia, USA through bond issuance. Local news sources report that the Macon-Bibb County Industrial Authority agreed to issue bonds of up to $600 million for the plant in December. Kumho will sell up to $300 million of the total […]
Continue ReadingAlliance recalls certain 396 tyres
Alliance Tire Group’s Alliance Tire Americas division is recalling certain Alliance 396 agricultural equipment tyres due to a deflation risk. The tyres in question, which are size 445/65 R22.5, were manufactured between 22 April 2013 to 23 November 2014. Some other 600/50 R22.5 products, which were manufactured between 27 May 2013 and 2 November 2014 […]
Continue Reading![NDI seeks new partners for a greater presence in Germany](https://www.tyrepress.com/wp-content/uploads/2015/03/Nordexx-Profil.jpg)
NDI seeks new partners for a greater presence in Germany
Danish tyre wholesaler Nordisk Dæk Import (NDI) aims to significantly develop its market presence in neighbouring Germany. Carsten Andersen, area sales manager for the Brørup-based company, says NDI is currently searching for a dozen or so partners to take over distribution of its Nordexx private brand in Germany.
Continue ReadingTire Discounter Group expands into Ontario
Tire Discounter Group Inc has expanded with the opening of a new distribution centre located in Ottawa, Ontario. The new facility will provide daily service for customers in metropolitan Ottawa and surrounding area. “Based on current market conditions, we see continued opportunities for growth in Eastern Canada said Richard Bender vice president business operations.” We […]
Continue Reading![Wanli manufacturer, Chinese vehicle maker erecting JV tyre plant](https://www.tyrepress.com/wp-content/uploads/2015/03/wanli1.jpg)
Wanli manufacturer, Chinese vehicle maker erecting JV tyre plant
Last month, groundbreaking took place on a new tyre factory intended to produce some 2 million all-steel truck tyres a year and serve as an original equipment supplier for China Anhui Jianghuai Automobile (JAC). The vehicle manufacturer is partnering in a joint venture project together with Guangzhou Fengli Tire & Rubber Co., Ltd. The tyre maker is itself, in turn, a joint venture between South China Tire & Rubber, the company behind the Wanli and Sunny tyre brands, and Guangzhou International Group Co., Ltd., an authorised Chinese state-owned assets operating unit.
Continue Reading![Deere & Company awards Michelin for supply excellence](https://www.tyrepress.com/wp-content/uploads/2015/03/Partenariat-MICHELIN-John-Deere-2015.jpg)
Deere & Company awards Michelin for supply excellence
Michelin group has earned multiple recognitions from US heavy equipment manufacturer Deere & Company for products and support delivered by Michelin’s operating units around the world to various John Deere equipment segments. The Michelin group’s Agricultural and Earthmover operating units were named “Supplier of the Year” as well as a partner-level supplier for 2014. Partner-level supplier is Deere’s highest rating for suppliers under its ongoing “Achieving Excellence” initiative.
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