![Deruibao Tire enters ‘restructuring’ proceedings](https://www.tyrepress.com/wp-content/uploads/2015/02/Deruibao-e1424363124245.jpg)
Deruibao Tire enters ‘restructuring’ proceedings
Chinese tyre-maker Shandong Deruibao Tire Co., Ltd. has entered “restructuring” proceedings, according to Chinese news sources. China News reported that on 7 February Deruibao Tire applied to its local authority, the Guangrao Economic Development Zone Management Committee Council, asking for the government to restructure the business – making a sale of the tyre manufacturing operation a distinct possibility.
Continue ReadingRussian carmakers seek government support
Russian car manufacturers have requested government support in order to help maintain staffing levels during the ongoing Russian financial crisis. According a report in Russia’s Kommersant, Kamaz, AvtoVAZ and Sollers have filed requests to their respective regional governments to access funds to help keep employment for workers.
Continue ReadingIndia’s ATMA requests doubling of imported tyre duties
Indian tyre industry organisation the Automotive Tyre Manufacturers Association (ATMA) has reportedly submitted a memorandum to the country’s government ahead of its 2015 budget. The ATMA it said to be seeking a doubling in the import duty imposed on tyres to 20 per cent, a move that would bring duties more in line with those placed upon natural rubber.
Continue Reading![Michelin’s geocaching adventure concludes](https://www.tyrepress.com/wp-content/uploads/2015/02/Winner-TheGCDoc.png)
Michelin’s geocaching adventure concludes
Within less than 100 days, Bibendum – better known as the Michelin Man – has travelled through 44 countries and clocked up a staggering 1.3 million miles on his journey. He’s been out and about as part of Michelin North America’s geocaching event, held to celebrate the tyre maker’s 125th anniversary. This quest has now come to an end, and the company says using geocaching as a means to mark 125 years in the business was an “ideal match” for Michelin’s vision of mobility.
Continue ReadingPoint S enters Slovakian market
The Point S network is extending its European coverage to Slovakia following the establishment of Point S Slovakia s.r.o. The operation is a full subsidiary of Point S Hungary and employs dedicated local staff who will take care of the Point S network’s development and the management in Slovakia.
Continue ReadingCole to lead Bridgestone’s North American Commercial OTR division
Bridgestone Commercial, a division of Bridgestone Americas Tire Operations, has appointed a new president for its commercial tyre division. As president, Commercial OTR, Taylor Cole will be responsible for leading Bridgestone’s North American commercial and strategic direction. The tyre maker says he will be instrumental in “harnessing resources for continued growth of the division, solidifying Bridgestone’s commitment to the mining, construction, aggregates, as well as road and bridge and port business segments.”
Continue Reading![Brisa partners with Solar Impulse](https://www.tyrepress.com/wp-content/uploads/2015/02/Brisa-SolarImpulse-01.jpg)
Brisa partners with Solar Impulse
Brisa, manufacturer of the Lassa brand, has become the Official Partner of round the world solar flight team – Solar Impulse in Turkey. Solar Impulse has set 1 March as the first possible take-off date for its first round-the-world solar flight starting from Abu Dhabi. During its stopovers throughout its inter-continental journey, Solar Impulse will […]
Continue Reading![General Tire marks centenary year](https://www.tyrepress.com/wp-content/uploads/2015/02/0_logo_general_tire_100_years.png)
General Tire marks centenary year
Happy 100th, General Tire. This year marks the centenary of the brand’s debut, and although it has witnessed a few changes, and changes in fortune, in the past hundred years, the ‘General’ begins its second century in good shape and today boasts a wide range of car, 4x4, truck and industrial tyres.
Continue ReadingManagement changes at Bridgestone Americas
In the US, Bridgestone is bidding farewell to one of its top managers and welcoming another on board. After a total of 16 years in the ‘rubber city’ of Akron, Ohio, Bridgestone Americas’ chief technology officer Hideo Hara is returning to Bridgestone Japan to assume the role of Bridgestone fellow. And within the tyre maker’s agricultural business, Tony M. Orlando has been appointed to lead operations.
Continue Reading![Goodyear’s Kramer confirmed as World Rubber Summit keynote speaker](https://www.tyrepress.com/wp-content/uploads/2015/02/rubber-summit.jpg)
Goodyear’s Kramer confirmed as World Rubber Summit keynote speaker
Richard J. Kramer, chairman and CEO of Goodyear Tire and Rubber, will discuss current and emerging trends shaping the global tyre and rubber industries with delegates at the upcoming World Rubber Summit, which will take place alongside Tyrexpo Asia in Singapore on 24 and 25 March.
Continue Reading![Magna Tyres to supply Korean container terminal](https://www.tyrepress.com/wp-content/uploads/2015/02/Signed-contract_Magna-Tyres-Korea_BNCT.jpg)
Magna Tyres to supply Korean container terminal
Netherlands-based industrial tyre manufacturer Magna Tyres and its official agent in South Korea will supply a “considerable quantity” of M-Straddle tyres to one of the world’s largest container terminals as part of a new one-year contract. Magna Tyres and its agent, Hyoshin Hispec Co. Ltd, signed an official contract with BNCT (Busan New Container Terminal) this week and will provide unspecified but large numbers of the M-Straddle in size 16.00R25 over a 12 month period.
Continue ReadingTrelleborg acquires French industrial tyre distributor
Through its Trelleborg Wheel Systems business area, Sweden’s Trelleborg AB has finalised the acquisition of French industrial tyre distributor D.G. Manutention Services SAS (DGMS), a company active in southern France and specialising in the distribution and service of industrial tyres, such as those fitted on forklifts. The transaction was consolidated on 1 February.
Continue ReadingTIA supports free market tyre recovery over producer responsibility
The Tire Industry Association (TIA) has issued a position statement on scrap tyre recovery, in which the association comes out in support of free market approaches over and above producer responsibility schemes. The statement, which was developed by the associations Environmental Advisory Council (EAC), says “the association promotes and supports a competitive, market-based system to manage the flow of scrap tyres and scrap tyre materials” and points to the success already achieved with this approach – notably a purported tyre recovery rate approaching 90 per cent.
Continue ReadingJK Tyre reports US$ million 3Q net profit
Indian tyre manufacturer JK Tyre has reported consolidated net profits of $14.8 million for its third quarter of 2014, which ended 31 December 31, 2014. The quarterly profit report represents an increase of more 56 per cent compared with the same period last year. JK Tyre’s turnover in the period amounted to $322 million. Raghupati […]
Continue ReadingToyo reports 169% increase in full-year 2014 net income
Toyo Tire & Rubber Co., Ltd. has reported 2014 consolidated business results showing net sales of 393,782 million yen (£2.146 billion; 2.899 billion euros, US$3.305 billion), up 6.4 per cent compared with 2013. Operating income amounted to 47,510 million yen (£259.657 million; 349.804 million euros; $398.756 million), a 27.6 per cent up on 2013. However, the fastest increase was in the net income category where the full-year total of 31,240 million yen (£170.281 million; 230.012 million euros; $262.2 million) was up a huge 169.4 per compared with a year ago.
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