Indian 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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