Maxxis Joins General Motors as OEM Supplier
Following year-long negotiations Maxxis International has won an OE contract to supply General Motors. A new multi-year contract specifies that Maxxis will supply its brand of light truck tyre, LT225/75R16, to a General Motors ‘vehicle programme’ in the third quarter of 2006.
Continue ReadingSmuggled Tyres A Multi-Million $ Problem For Pakistan
Tyre smuggling costs the Pakistan Government 1.25 billion Rupees (US$ 21.73 million) a year in lost import duty and sales tax. An estimated one million tyres are illegally imported, many originating in Japan and India.
Continue ReadingGibara Bows Out As Keegan Takes Over
Goodyear has announced that Samir Gibara (64) will resign as chairman at the end of June. He will be succeeded by Robert Keegan (55), who is currently president and CEO and who will retain responsibility for these two roles. Gibara joined Goodyear in 1964 and has been chairman since July 1996. He paid tribute to the speed with which Keegan learned the industry and demonstrated his leadership abilities. For his part, Keegan said that Gibara had provided important and valued counsel since Keegan joined Goodyear in October 2000 as president and COO.
Continue ReadingWhat Is The Future For Goodyear?
Four years ago: In an interview at the Geneva Autoshow, Sam Gibara put forward his views. Goodyear had, according to him, the best people, the best distribution, the most cost-effective plants, the best products and - with its innovative EMT tyres - a three-year lead over its competitors. Within three years, he predicted, 75% of Goodyear tyres produced would be EMT tyres (in 2002, the actual figure was one million tyres). The IMPACT production process (Integrated Manufacturing Precision Assembled Cellular Technology) was held up as a revolutionary advance, guaranteeing predominance over the competition and an example of Goodyears technical leadership.
Continue ReadingNokian and Matador To Commence Contract Manufacturing
Nokian Tyres plc and Matador AS are signing a contract manufacturing agreement. This transaction will mean that Matador will produce Nokian branded speed categories S, T, and H car summer tyres at its factory in Slovakia. The tyres will be sold in Eastern European markets. The production target for 2003 is 100 thousand Nokian tyres with initial sales taking place during the first quarter of the year. Volume manufacture will increase to 300 thousand tyres by the end of 2005. Through contract manufacturing Nokian will continue to ensure its growth potential in Eastern Europe. Production capacity at the companys factory in Finland will be freed to produce ultra high performance tyres. The agreement will be valid until the end of 2005 and after that on a one-year basis.
Continue ReadingMarangoni begins pre-cure rubber production in Brazil
Marangoni S.p.A. has started production of precured tread rubber at Belo Horizonte, Brazil, in response to Brazils growing demand for retreads. The purpose designed, 14,000-sq.-ft. plant cost Marangoni around 13 million Euro to build and equip. Initial employment will be 60, but this should rise to 140 over time, Marangoni said. The company expects the new venture to generate sales of 6.1million Euro in the first full year of operation, rising up to 25.6 million Euro within four years.
Continue Reading“Sam” Gibara Joins SRI Board
Samir G. Gibara (61), chairman and chief executive officer of The Goodyear Tire & Rubber Company, has been elected to the board of directors of Sumitomo Rubber Industries Ltd. in Kobe, Japan. Gibaras election is in conjunction with Goodyears 10 percent ownership of SRI, following the companies global alliance, completed in September 1999. This ownership makes Goodyear SRIs second-largest shareholder. SRI holds 1.4 percent of Goodyears common stock.
Continue ReadingKumho donates tyres to North Korea
Kumho Industrial is to donate 3,300 truck and bus tyres to North Korea. The donation is worth $300,000 and follows a similar donation last year. Kumho states that North Korea had requested the donation in return for allowing a rally to be held on its territory.
Continue ReadingIndian Tyre Manufacturer To Be Acquired By Pirelli
As reported by the Indian magazine Rubber Asia, Pirelli has sought the expertise of Citybank for a cost evaluation of the Birla Tyre company, which has a 15 per cent share of the Indian truck and automotive tyre market. The deal, if everything goes well, is likely to be struck sometime this month.
Continue ReadingFrench Car Manufacturers Do Well In France
Despite a slight fall in new car registrations in France during April, the market so far this year has risen 6% compared to 1999. French manufacturers have done exceptionally well, with Renault sales up 6% and Peugeot up 12%. Not so happy in April were Fiat (down 28%) and Ford (down 25%).
Continue ReadingTyre Manufacturers In Global E-Commerce Initiative
Six of the largest tyre manufacturers have announced their intention to develop a global e-business purchasing company. Rubbernetwork.com is an independent company which will host a global exchange, including Conti, Cooper, Goodyear, Michelin, Pirelli and Sumitomo Rubber. Confidentiality is assured and the exchange will be open to all manufacturers and suppliers. It will be operating by the year end. Significant savings and efficiencies in purchasing are predicted.
Continue ReadingManufacturing Agreements Signed Between Nokian And Michelin
Two agreements have been signed by Nokian and Michelin concerning the off-take manufacture of Nokian brand agricultural, industrial and truck tyres at Michelins Polish factory. The agreements will last for three years and will be renewed annually thereafter. Sales of agricultural and industrial tyres will start this year and truck tyres early in 2001.
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