![Kumho sponsoring two further German football clubs](https://www.tyrepress.com/wp-content/uploads/2015/02/hertha-hsv-kumho.jpg)
Kumho sponsoring two further German football clubs
In addition to its newly-signed deal with Champions League and German Bundesliga team FC Schalke 04, Kumho Tyre has come on board as tyre partner for two further German clubs. Hamburger SV and Hertha BSC will be sponsored by the tyre maker until the end of the 2016/17 season.
Continue ReadingGroundbreaking held for Giti Tire’s US plant
An event was held yesterday to mark the official start of work on Giti Tire’s new facility in the USA. Local and company dignitaries, including Giti Tire executive chairman Enki Tan, were present at the Chester County site in South Carolina to mark the groundbreaking with a ceremonial shovelful of soil.
Continue ReadingSacha Hold appointed DriveRight CMO
DriveRight has made Sacha Hold responsible for the worldwide sales activities of the independent supplier of international wheel and tyre data. As the chief marketing officer (CMO), Hold leads the international sales team of the company which has its headquarters in Cardiff, Wales. In this position, he has been appointed to the leadership team of […]
Continue ReadingMichelin a double winner at TTI Awards
The winners of this year’s Tire Technology International Awards for Innovation and Excellence were announced yesterday at a ceremony in Cologne, Germany, and Michelin has come out on top in two of the five awards categories.
Continue Reading![Russian auto market crashes](https://www.tyrepress.com/wp-content/uploads/2015/02/lada.jpg)
Russian auto market crashes
Demand in the Russian light vehicle automotive market has crashed following what some analysts have called a “perfect storm” of contributing factors. As a result the countrys light-vehicle market suffered a massive 24.4 per cent year-on-year decline in sales during January to 115,390 units (down 32,272 units). IHS Automotive said this was the result of “a perfect storm in macroeconomic terms with rising prices, declining spending power, eroded confidence and the economic effect of sanctions on the Russian government.” The worst thing is that this is despite the renewal of the Russian governments vehicle scrappage scheme. And it looks like it won’t get any better. IHS Automotive forecasts that the Russian light-vehicle sales will fall by 27.4 per cent year-on-year in 2015 to 1.81 million units.
Continue Reading![Solar systems installed at Australian Bandag retreading plant](https://www.tyrepress.com/wp-content/uploads/2015/02/o52i4eba23a5dgan.jpg)
Solar systems installed at Australian Bandag retreading plant
Wacol, in the outer suburbs of Brisbane, is in a region of Australia that enjoys more than 260 days of full or partial sunshine a year. It is also home to Bridgestone’s sole manufacturing facility in the country, the retreading plant operated by Bridgestone Australia subsidiary Bandag Manufacturing Pty Ltd. Bridgestone reports it is now utilising the sunshine in Wacol at the facility following the installation of two 100 kilowatt solar power systems.
Continue ReadingMarathon Tyres named Magna Tyres’ Australian premium partner
Australian OTR tyre specialist Marathon Tyres has become premium partner for Magna OTR tyres in Australia. This new arrangement is said to build on the relationship between Magna Tyres and Marathon that began in 2013, and Magna describes Marathon Tyres as the “ideal partner” for the expansion of its OTR tyre activities in Australia. Provisions of the agreement grant Marathon Tyres the right to sell Magna branded OTR tyres utilised in the mining, construction, port handling and scrap metal/waste handling industries.
Continue Reading![Hyzdu to lead Bridgestone Americas Tire Operations’ commercial marketing](https://www.tyrepress.com/wp-content/uploads/2015/02/MarshallHyzdu_Bridgestone.jpg)
Hyzdu to lead Bridgestone Americas Tire Operations’ commercial marketing
Bridgestone Americas Tire Operations (BATO) has appointed Marshall Hyzdu to head marketing within its commercial tyre business. As vice-president of BATO’s Commercial Tire Division, Hyzdu takes on responsibility for marketing initiatives related to OTR and truck and bus tyre products for the company’s Bridgestone, Firestone, Bandag and Dayton brands in the region where BATO is active.
Continue ReadingHeuver Tyrewholesale establishing French distribution centre
France is a stated focus market for Heuver Tyrewholesale this year, and the company is thus establishing its own distribution centre there. The wholesaler says its preparations for the new centre, which is located near Lyon, are now in their final stages. In hand with this project, Heuver is also expanding its French market workforce.
Continue ReadingApollo maintains profit margins despite Africa costs
Apollo Tyres Ltd has reported consolidated revenue for the nine months (April to December) of FY15 closed at s 96.270 billion rupees (£1.018 billion; 1.369 billion euros; 1.552 billion). Pre-tax profits (EBITDA), without exceptional items, stood at 14.72 billion rupees (£155.682 million; 209.404 million euros; $237.372), up 0.9 billion rupees compared to the same period […]
Continue Reading![Cooper appoints ex-Apollo exec Ceneviz](https://www.tyrepress.com/wp-content/uploads/2015/02/Luis_Ceneviz.jpg)
Cooper appoints ex-Apollo exec Ceneviz
Cooper Tire & Rubber Company has appointed ex Apollo Verdestein European president Luis Ceneviz as its managing director - Latin America Tire Operations effective 1 March 2015. In this new role, Ceneviz will be responsible for the company’s business throughout Latin America, including Central and South America, as well as Mexico, where Cooper has a sales and marketing organization and participates in a joint venture tyre manufacturing operation near Guadalajara. He will report to Brad Hughes, Cooper’s chief operating officer.
Continue ReadingNexen Tire profits and sales up in 2014
Nexen Tire reports that operating earnings increased 18 per cent in 2014. According to the Korea-based tyre manufacturer, this was based on lower raw material costs and improved sales. Meanwhile sales were 1.7 per cent higher at US$1.68 billion, raising the operating ratio nearly two points to 11.9 per cent. Net income rose 4.7 per […]
Continue ReadingPhillips Carbon Black CFO resigns
Altaf Jiwani, director and chief financial officer of Phillips Carbon Black Ltd resigned at the close of business on 30 January 2015. The news, which originates from regulatory filings, adds that Raj Kumar Gupta has been appointed as CFO in his place, effective 1 February 2015. At the same time Kusum Dadoo has been appointed […]
Continue ReadingThailand fire closes Linglong plant
Linglong’s Thailand tyre factory is likely to be closed for the next 30 days as authorities investigate the cause of the recent fire. While six warehousing structures reportedly bore the brunt of the 1 February fire (which caused roughly US$40 million of damage), leaving production free to continue, it seems the size and scale of […]
Continue Reading![New logo for TVS Srichakra](https://www.tyrepress.com/wp-content/uploads/2015/02/tvs.jpg)
New logo for TVS Srichakra
Indian tyre maker TVS Srichakra has unveiled its new brand identity and logo. The company says the new ‘TVS Tyres’ logo “reinforces the clarity in purpose” for the brand while the eagle depicted beneath the tyre “highlights the features of power, manoeuvrability and the superior grip of the products.” The arrows following the name TVS Tyres, similarly, are said to convey “a perpetual forward motion.”
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