JK Tyre appoints new president of India business
JK Tyre & Industries has named Vivek Kamra its president - India. Kamra’s appointment to the role follows Arun K Bajoria’s promotion to the position of director and president – international operations.
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Timetable set out for Point S rebranding in the US
Point S International recently announced the signing of an agreement with US tyre dealer network Tire Factory and plans to rebrand the 157 member network using the Point S corporate identity. Tire Factory CEO John Kreidel states that the rebranding of the more than 200 Tire Factory outlets begins early this month and will be gradually rolled out over a period of one and a half years. Kreidel also reassured Tire Factory customers that they’d “see more things staying the same than changing” at the newly-rebranded centres.
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Goodyear to pay Sumitomo US$271 million to end global joint venture
The Goodyear Tire & Rubber Company is to pay Sumitomo Rubber Industries, Ltd. (SRI) US$271 million to end its global joint venture with the Japanese firm. Goodyear expects to increase annual income as a result of the deal, while SRI will take on expanded use of the Dunlop name around the world. This largely means Russia, Africa and Asia, but not Europe. The reasoning behind the dissolution? According to SRI, the North American and European joint ventures did not perform as initially expected. Furthermore there was decreasing technology exchange between the two companies – all of which led both parties to “dissolve the alliance in a constructive manner”. This led to the arbitration filing and subsequent dissolution talks in January and February 2014 respectively.
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Bandag receives Australian environmental award
The Bandag operation in Australia reports its receipt of an Environmental Innovation award at this year’s Queensland Bus Industry Council (QBIC) annual conference. The QBIC bestowed this honour upon Bandag Manufacturing Pty Ltd, a wholly-owned subsidiary of Bridgestone Australia, in recognition of its investment in green initiatives. The company has implemented a variety of measures at its manufacturing facility in Wacol, including rainwater harvesting, a gas boiler burner upgrade and low energy LED lighting.
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Autopromotec reports strong international growth of visitors, exhibitors
Promotec Spa, the organisers of last month’s Autopromotec exhibition in Bologna Italy, have reported final figures that show a strong increase in the international presence both in terms of exhibitors and visitors. According to the company, the 2015 show attracted a total of 103,989 visitors (up 1.4 per cent over the 2013 figure). 83,343 of these were Italian visitors (down 0.3 per cent over 2013). The biggest growth was seen in the total number of international visitors. At 20,646, this figure was up 9 per cent compared with the 2013 figure.
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Lassa Tyres sponsors all indoor FC Barcelona teams
FC Barcelona ad Lassa Tyres have signed a sponsorship deal which makes the Turkish tyre brand a global partner for the next four years. Under the global partnership rights, the club’s basketball, handball, futsal and roller hockey teams, will officially be named as “FC Barcelona Lassa”. The deal took effect on 1 June 2015 and makes Lassa Tyres the “Official Tyre Partner” of FC Barcelona.
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Continental boosting Hefei, China PCR capacity to 14 million tyres a year
In late April Continental concluded an investment agreement with the Hefei provincial and local governments in China, and has now unveiled plans to significantly expand its passenger car tyre factory there. Annual production capacity will rise from the current level of 5 million tyres per year to 14 million by 2019. In addition, bicycle tyre production in Hefei will be boosted from around 2 million units per annum to 13 million pieces by 2025.
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2015 tyre manufacturer rankings: Stability at the top?
Today we at Tyres & Accessories published our annual ranking of global tyre manufacturers on our tyrepress.com website. As always, this yearly survey takes the turnover of the industrys leading players into account and also provides information on operating profit/EBIT(DA) and annual net income.
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Nexen Tire voted Czech ‘investor of the year’
In 2018, Nexen Tire’s new 1.2 trillion Korean won (£705 million) tyre factory in the Czech Republic will enter operation. The tyre maker confirmed the project in June 2014 and says the facility it is building in Zatec will be “one of the most cutting-edge and eco-friendly plants in the world.”
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