Bridgestone exploring options for larger US headquarters site
It appears Bridgestone Americas is looking for a larger place to call home. The Tennessean reports that Bridgestone’s US subsidiary is looking for a 400,000 square foot (37,000 square metre) premises in downtown Nashville. This is around double the floorspace the company now occupies in the city’s airport area. The lease at Bridgestone Americas’ current headquarters site expires in 2017, and the shortlist for potential new properties is said to include a high-rise office tower that will be built as part of a redevelopment project at the old Nashville Convention Center.
Continue ReadingGlobal football stars join F1 drivers on Pirelli tyre charity auction
Formula One’s drivers were joined by some of the world’s leading names in football as signatories on the Pirelli competition tyre auctioned on the Fondazione PUPI’s Ebay channel. On the occasion of the Inter Religious Match for Peace at Rome’s Olimpico stadium yesterday, the tyre was signed by Diego Maradona, Ezequiel Lavezzi, Andrea Pirlo, Andriy […]
Continue ReadingNo tyre making comeback for Goodyear’s home town
Goodyear has confirmed what many must have already realised – tyre makers build factories in economically favourable sites. The US doesn’t top any list of low-cost locations, and therefore the bid its home town launched to host a new factory planned for the Americas was always going to be a long shot. Akron City Council nevertheless declared itself “willing to do what it takes” to host the new plant – but its hopes have now been dashed by Goodyear’s chief financial officer, who has sent word that Akron – where Goodyear last produced car tyres in 1977 – is considered too costly.
Continue ReadingMichelin Italy names new CEO
Starting 1 September, Lorenzo Rosso is the new president and chief executive officer of Michelin Italy Spa. Rosso takes over from Jean-Paul Caylar, who has returned to France after five years in the role.
Continue ReadingIAA debut supporting Infinity’s growing European activities
Its presence in the European commercial tyre segment is increasing, and therefore Infinity Tyres says it intends to step up development and sales activity in 2015. And to promote these initiatives, the company will present its range at IAA Commercial Vehicles 2014 show in hall 25, stand A02.
Continue ReadingMichelin Challenge Design winners announced
The winners of the global 2015 Michelin Challenge Design have been announced, with the tyre maker honouring 15 individuals and teams from the UK and nine other countries for their efforts. The winning designs for the latest challenge, which focused on the theme “Drive Your Passion: Engaging Senses, Soul and Emotion,” were selected from more than 1,100 registrants in 81 countries.
Continue ReadingTotal Tyre Care a Bridgestone priority at IAA show
Bridgestone confirms its participation in the 65th IAA Commercial Vehicles International Motor Show, which will be held in Hanover, Germany from 25 September to 2 October, and says the theme of its exhibition presence (hall 16, stand C01) will be the company’s renewed Total Tyre Care programme. First presented at the previous IAA Commercial Vehicles show and rolled out in the UK beginning in 2012, Total Tyre Care is Bridgestone’s three-level, three-component fleet tyre programme.
Continue ReadingInfinity making IAA debut in Hannover
Infinity reports that it intends to step up its European truck tyre development and sales activity in 2015. And as a prelude to this, the company will be debuting its range at IAA 2014 in Hall 25 Stand A02. “The decision to be at the largest commercial vehicle fair is to support our engagement in the important European market”, commented KK Singh, European sales manager. “Infinity offers high quality products for the most demanding conditions. Our latest products are being developed in the most modern facilities and further tested in Europe and are being constantly improved to meet the highest regulation standards. Our growing success, and also the positive reactions of our partners, now gives us confidence to display our excellent products to wider markets”.
Continue ReadingAccella acquires Zeus Tyrefill Systems
Accella Performance Materials, Inc., a manufacturer of polyurethanes, plastisols and recycled rubber products, has announced the acquisition of Zeus Tyrefill Systems GmbH (Zeus), manufacturer of tyre fill systems and flatproofing solutions for heavy duty industrial and “off the road” vehicles. Zeus will be a subsidiary of Accella Polyurethane Systems, further building the tyre fill business along with the Arnco and Pathway Performance Polymers subsidiaries. No price details have been revealed.
Continue ReadingDisharmony in Kumho bus company deal
Attempts by Kumho Tire parent company Kumho Asiana to reacquire Kumho Buslines from private equity consortium KoFC IBKS KStone PEF have run into difficulties, with consortium backers KStone Partners and IBK Investment & Securities claiming Kumho Asiana has tried to force down the Kumho Buslines purchase price by pressuring other potential bidders to step away.
Continue ReadingBKT’s Monster Jam tyres to roll in Europe
Monster Jam is on its way to Europe, but stay calm – we’re not dealing with terrifying fruit preserves here. The US-bred extreme truck event, sponsored by off-road tyre manufacturer BKT, arrives in our region this month for shows in the Netherlands, Belgium and Sweden.
Continue ReadingFederal celebrates diamond anniversary in Moscow
At Saturday’s Federal Tyres 60th anniversary celebration in Moscow, more than 100 of the tyre maker’s Russian market partners met guest of honour Bryan Robson. The former Manchester United player addressed the partners along with representatives from Russia’s automotive and football media.
Continue ReadingMichelin completes Sascar acquisition
Michelin’s acquisition of all outstanding shares in Brazilian digital fleet management and freight security firm Sascar Participações S.A. and its affiliated companies, which was first announced on 9 June, has now been completed. The transaction has been approved by the Brazilian competition authority (CADE) and all other closing procedures were finalised on 29 August 2014.
Continue ReadingHankook IAA premieres to focus on fuel-efficiency
Later this month the IAA Commercial Vehicles show will get underway in Germany, and Hankook Tire says one of its aims as an exhibitor will be to promote extremely fuel-efficient products; both world premieres Hankook plans for the show address the increasing demand for cost-effectiveness and efficiency, particularly in the freight forwarding business. Hankook will also focus on tyres for the original equipment segment and display its 3PMSF-labelled all-season and new winter tyres, along with new sizes for existing truck tyre ranges.
Continue ReadingGenan loss may be more than £100 million
The losses Danish pension fund administrator PKA has incurred through its investment in recycler Genan may be even higher than previously thought. On 29 August, the Jyllands-Posten (Jutland Post) shared new evidence that indicates PKA’s losses to be Kr 1 billion (£106.2 million), rather than the Kr 830 million that PKA had calculated. If this new figure accurately reflects the loss PKA has incurred due to its involvement in the tyre rubber recycler, then it represents a loss of Kr 3,800 (£403) for each of the pension fund administrator’s 260,000 members.
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