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 ReadingHyzdu 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 ReadingCooper 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 ReadingNew 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.”
Continue ReadingA tale of two markets…
Global markets and tyre markets interact with each other. With economics and indeed the tyre market being more “global” than ever, events in one market are bound to have a greater impact on other markets than ever. And with Europe having experienced its share of political and especially economic instability in the last decade, while […]
Continue ReadingFire causes serious damage at Linglong’s Thailand tyre plant
According to local news sources, Shandong Linglong Tyre Co. Ltd’s consumer tyre factory in Thailand has been badly damaged by fire. Six of the 15 warehouses at the LLIT Thailand facility in Chonburi province are said to have been destroyed in the blaze, which began on 1 February have allegedly caused an estimated US$40 million of damage. The manufacturing facility at the site has been temporarily closed.
Continue ReadingCooper appoints Hughes as COO
On 30 January Cooper Tire & Rubber Company has appointed has promoted Brad Hughes into the newly created position of senior vice president and chief operating officer, effective immediately. In this role, Hughes has responsibility for Cooper’s worldwide operations throughout North America, Asia, Europe and Latin America. He has been with the company for five years, beginning in 2009 as chief financial officer. In July 2014, he was appointed to lead the company’s International segment as president—International Tire Operations.
Continue ReadingContinental moves ‘MENA’ replacement tyre operations to Dubai
Continental has relocated its replacement market PLT (passenger and light truck tyre) and (CVT) commercial vehicle tyre business operations for the Middle East and North Africa (MENA) region from the company’s headquarters site in Hanover, Germany to Dubai. This shift relates to the 29-country region’s marketing, sales, customer services and controlling functions.
Continue ReadingApollo Tyres negotiating European original equipment deals
Apollo Tyres is reportedly in discussions with several vehicle manufacturers in Europe regarding the supply of original equipment tyres. Speaking with Indian publication The Financial Express, vice-chairman and managing director Neeraj Kanwar said that the list of companies the tyre makers is in talks with includes BMW, Volkswagen and General Motors.
Continue Reading