Polish, Croat, UK Starco facilities supplying wheels to Husqvarna in Poland
Swedish manufacturer Husqvarna’s decision to move its manufacturing operations to Poland led to specialist tyre and wheel supplier Starco’s Polish operation assuming responsibility for the supply of complete wheel assemblies and aftermarket spare parts for Husqvarna lawn tractors.
Continue ReadingOver 1412 students sign up for Valeo Challenge
Over 1412 students around the world are participating in the Valeo Innovation Challenge. According to the company, a total of 969 teams of engineering students from 55 countries and representing 455 universities have submitted their projects, with the goal of winning the €100,000 first prize.
Continue ReadingYokohama previews Geneva exhibit
The Yokohama Rubber Co., Ltd., is to exhibit highlight its high performance of tyres, with a focus on the Advan global flagship brand and the fuel-efficient BluEarth brand. According to the company, Yokohamas booth will also display the AERO-Y electric vehicle (EV) concept car. Yokohama suggest a number of new products will be introduced at the show including three new tyre products, two of which are described as world premieres and one a European premier.
Continue ReadingNew Sailun Vietnam tyre factory on line, employing 850
Sailun’s Vietnam factory, its first manufacturing facility outside China, is now fully online having opened officially opened on 30 November. The factory is currently expected to supply 7.8 million tyres annually to the Middle East, South East Asia and South America, employing 850 people.
Continue ReadingYokohama opens Swedish winter tyre test centre
On 17 February, Yokohamas European subsidiary officially opened a dedicated winter tyre development and testing centre in Nattberg, Sweden, roughly 80 kilometres from the Arctic Circle. The latest news represents the most recent development in the expanding cooperation between Yokohama and Nordic tyre specialists Arctic Falls, which began roughly a decade ago. In practice this means Yokohama has signed a long-term contract with Arctic Falls for exclusive use of the facility during the long winter season and that it is branded as Yokohama Test Center of Sweden.
Continue ReadingParaguay presidential meeting a prelude to Pirelli presence
Pirelli intends to establish an office in Paraguay, and may use this as a starting point for establishing a greater presence within the country. The official website of the President of Paraguay, Horacio Cartes, reports that the head of state met with Pirelli Latin America executive president Paolo Dal Pino at the Government Palace in Asunción yesterday. Dal Pino was accompanied by Italy’s ambassador to Paraguay, Antonella Cavallari.
Continue ReadingLanxess continues Teach For India support
Lanxess’ operation in India, Lanxess India Private Limited, has pledged to support the Teach For India programme for a further five years. The company has been involved in the non-profit organisation since 2010 and will donate approximately Rs 5.3 million (£51,000) a year.
Continue ReadingEuropean car registrations up 5.5% in January; UK up 7.6%
European registration figures for passenger cars started the year on a positive note, with demand rising for a fifth consecutive month. Across the EU28 region, registrations rose 5.5 per cent year-on-year in January 2014 to 935,640 units. Yet it is too early to celebrate a return to more robust markets – the ACEA (European Automobile Manufacturers Association) points out that in absolute figures, January’s registrations were the second lowest January result since it began measuring registrations for the enlarged European Union in 2003.
Continue ReadingPirelli foots bill for Christ the Redeemer restoration
Last month, Rio de Janeiro’s world-renowned Christ the Redeemer was damaged by lightning strikes, with a finger on the right hand especially hard hit. Pirelli has announced that it is financing restoration work on the statue; this has already begun after its official launch and blessing by Archbishop of Rio de Janeiro, don Orani Tempesta, and is expected to last three to four months.
Continue ReadingMaxam to show OTR tyres at Vegas-based CONEXPO
Maxam Tire is to exhibit a selection of its OTR radial and construction tyres at the upcoming CONEXPO exhibition, held in Las Vegas from 4-8 March 2014. CONEXPO proves that there is more to Las Vegas than gambling, as the show is one of the major events in the construction sector, with 2,400 exhibitors and […]
Continue ReadingGoodyear racks up 60 years of NASCAR tyre supply
This year, Goodyear Tire & Rubber celebrates its 60th anniversary as a key supplier to the USA’s most popular motorsport – NASCAR. The tyre maker says its NASCAR tyre supply is one of the longest-running supplier relationships in racing, and in all of sports history. “All of us at Goodyear are extremely proud to celebrate 60 consecutive years of supplying race tyres to NASCAR and its drivers,” said Stu Grant, Goodyear’s general manager of global race tyres. “Since 1954 our involvement in NASCAR has been a proving ground for tyre development, helping Goodyear provide superior performance and innovation both on and off the track.”
Continue ReadingRepeat offending the reason for Bridgestone’s US$425 million fine
Earlier today, Bridgestone shared news that it has entered into a plea agreement with the US Department of Justice on antitrust activities and accepted a $425 million fine. But it omitted to mention that the amount to be paid is so large because this isn’t the first time Bridgestone has been found guilty of price-fixing in the United States. In a statement published yesterday, the Department of Justice confirmed that Bridgestone’s failure to disclose its participation when pleading guilty to other violations in October 2011 was a “factor in determining the $425 million fine.”
Continue ReadingBridgestone reaches plea agreement with US Department of Justice
On 13 February, Bridgestone Corporation entered into a plea agreement with the US Department of Justice; this deal will see the company plead guilty to an antitrust conspiracy related to the sale of automotive anti-vibration rubber products. Bridgestone will also pay a US$425 million fine, and says it now intends to “take appropriate disciplinary action against certain responsible employees” in accordance with applicable corporate standards.
Continue ReadingYokohama, Kumho follow MoU up with R&D master agreement
The Board of Directors at Yokohama Rubber and Kumho Tire have resolved to enter into master technological alliance agreement. This agreement is the result of discussions between the two companies following their signing of a Memorandum of Understanding on 29 November 2013; Yokohama says the newly-signed agreement defines the framework and purpose of the technology alliance the two tyre makers will share, and it paves the way for further discussion of the details of the their proposed technology tie-up.
Continue ReadingGoodyear ending Sumitomo alliance due to “anti-competitive” behaviour
At the tail-end of Goodyears full-year 2013 results conference call, Laura Thompson (executive vice-president and CFO) appeared to suggest that the key reason Goodyear has opted to end its global alliance with Sumitomo is because the Japanese firm has engaged in alleged “anti-competitive” behaviour: “Sumitomo has engaged in anti-competitive conduct in relation to anti-trust laws and we think that warrants a dissolution of the partnership. On January 10 we began arbitration to dissolve the partnership.” As a result the American company could be poised to buy out Sumitomos joint venture shares.
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