![Bridgestone’s guayule research farm complete](https://www.tyrepress.com/wp-content/uploads/2013/10/newspic-guayule-farm.jpg)
Bridgestone’s guayule research farm complete
Bridgestone Americas’ project to evaluate the guayule plant’s suitability as a source of natural rubber for tyre applications has taken a step forward with the completion of the Agro Operations Guayule Research Farm. The facility in Eloy, Arizona has been set up to supply guayule biomass for rubber production at the company’s BioRubberProcessResearchCenter, which is currently under construction in Mesa, Arizona.
Continue Reading![Lidl dips toe in tyre retail water](https://www.tyrepress.com/wp-content/uploads/2013/10/newspic-lidl.jpg)
Lidl dips toe in tyre retail water
Visit Lidl for your groceries? What about for tyres? You could – if you live in Germany. The discount supermarket has introduced winter tyres to its online shop, and motorists can choose between a range that includes products from Goodyear, Hankook and Fulda.
Continue ReadingPirelli sponsors Princeton professorship
As part of its efforts to promote, sponsor, and support cultural projects in Italy and around the world, Pirelli has established the ‘Pirelli Visiting Professorship in Italian Studies’ for a five-year term at Princeton University’s Department of French and Italian at Princeton University. The professorship’s stated aim is to support the dissemination of the study of Italian history and culture through new media and technology within Italian studies.
Continue ReadingHankook to build first US plant in Tennessee
Hankook plans to situate its first US-based manufacturing facility in Tennessee, the manufacturer has stated. The new global manufacturing plant is expected to be backed by a total investment of US$800 million, and will provide additional capacity for its growing business in the country.
Continue Reading![Continental Sumter plant ready for 2014 switch-on](https://www.tyrepress.com/wp-content/uploads/2013/10/Conti_Sumter.jpg)
Continental Sumter plant ready for 2014 switch-on
Continental Tire the Americas’ new PCR to light truck tyre manufacturing plant in Sumter, South Carolina is nearing completion, having broken ground on the site in mid-2012.
Continue ReadingGerman wholesaler seeking distribution partners at Tyrexpo Africa 2014
German wholesaler Baro is making its first appearance at Tyrexpo Africa 2014, with the express purpose of seeking new distribution partners for its European manufactured ranges of car, truck and agricultural tyres.
Continue Reading![CITExpo 2013: Tyrepress show review](https://www.tyrepress.com/wp-content/uploads/2013/10/CITExpo_entrance2.jpg)
CITExpo 2013: Tyrepress show review
Taking place at the Shanghai Everbright Convention & Exhibition Center, Reliable International Exhibition Services has staged another successful China International Tire Expo (CITExpo), the eleventh edition of the show. Tyrepress visited the show on 4-6 September, 2013 in its capacity as a media sponsor, speaking with many of the exhibitors on themes of increasing importance in the Chinese tyre industry, such as the post-boom development of tyre brands.
Continue ReadingBologna Motor Show cancelled
The organisers of the Bologna Motor Show have announced that the 38th edition has been cancelled. According to GL events, the central reason was “the total lack of the car manufacturer,” which are of course absolutely key to the presentation of an automotive exhibition.
Continue ReadingTitan closes private placement of senior secured notes due 2020
Titan International has announced the closing of its offering of $400 million aggregate principal amount of 6.875 per cent Senior Secured Notes, due 2020. Titan intends to use the net proceeds from the offering to finance the purchase of the Companys 7.875 per cent Senior Secured Notes due 2017 validly tendered pursuant to a tender offer and consent solicitation which it commenced on September 23, 2013, and to pay all consent payments, accrued interest, costs and expenses associated therewith.
Continue ReadingTitan acquires Russian tyre maker
News from the USA; Titan International Inc., in partnership with One Equity Partners (OEP) and the Russian Direct Investment Fund (RDIF), has closed the acquisition of a majority interest in Voltyre-Prom, a leading producer of agricultural and industrial tyres in Volgograd, Russia, from the principal owner, Cordiant, for approximately $94 million. This sum includes the assumption of debt, subject to various post closing adjustments over a period of three years.
Continue ReadingTiger Wheel & Tyre voted best for nine years running
Tiger Wheel & Tyre says it is just as excited now about being voted Best Place to Buy Tyres in KwaZulu Natal as it was the first time the company won this accolade nine years ago and every year since. This is the ninth consecutive year the company has won the award, which is based on votes by Daily News newspaper readers in the Daily News Your Choice Awards 2013.
Continue ReadingTIA to host tyre marketing webinar
In the USA, the Tire Industry Association (TIA), in partnership with LogMyCalls, will host a webinar on Thursday, October 10, at 12pm (US Eastern time) entitled The 5 Most Important Marketing and Sales Metrics for Tire Businesses. In this webinar, presented by McKay Allen, Inbound Marketing Manager at LogMyCalls, tyre dealers will learn about how to measure their marketing efforts, what to track, and how to track it.
Continue ReadingMichelin launches traction retread in USA
In North America, Michelin Retread Technologies has introduced an all weather traction retread, optimised for severe winter conditions. The Michelin XDS 2 Pre-Mold drive tyre retread, according to the company, can provide a 10 per cent improvement in tread life over the XDS Pre-Mold.
Continue ReadingJK Tyre To Start Chennai Expansion
JK Tyre & Industries is reportedly planning to start its 1,000-crore rupees expansion plan at its Chennai plant within the next two to three months doubling the tyremaker’s capacity at the plant, according to the Business Standard.
Continue ReadingCooper counters Apollo offer reduction talk with statement
On October 7th, Cooper Tire & Rubber Company issued a statement regarding the pending merger with Apollo Tyres, in which Cooper makes it plain that it believes that a reduction in share price is unwarranted. The statement, in full, reads as follows:
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