ICA to Distribute SmarTire in France
ICA Security Systems is to distribute the SmarTire for Motorcycles product in France. ICA Systems is the largest manufacturer and distributor of motorcycle alarms and anti-theft systems in the French market with over 1000 dealers across the country. We welcome the opportunity to distribute SmarTires innovative tyre monitoring system for motorcycles in France, says, Philippe Aubeges, CEO of ICA Systems. SmarTire for Motorcycles fits very well into our overall strategy to expand into safety related products in addition to our security and anti-theft products. ICAs established dealer base can also provide the necessary installation and servicing required to support the introduction of this product into the French market.
Continue ReadingWRAP to Hold Used Tyre Meeting
The Waste and Resource Action Programme (WRAP) is to hold its first formal stakeholder meeting to consider work on the recycling of waste tyres next month. According to a letsrecycle.com report, the market development organisation is expected to use some of its £4 million funding from Defra’s Business Resource Efficiency and Waste (BREW) programme to further work on tyres.
Continue ReadingPirelli Pays 2 – 3 cent Dividend
The general meeting of Pirelli & Co has approved the distribution of a shareholder dividend of 0.0210 euros per ordinary share and 0.0364 euros per savings share.
Continue ReadingFormer Goodyear Vice President Named New Myers CEO
Following Stephen Myers’ decision to step down, John C Orr has been promoted to CEO of plastic, rubber products company Myers Industries in Akron, Ohio. According to reports the board did not waste any time in appointing Mr Orr, the company’s 54-year-old president and chief operating officer, as CEO.
Continue ReadingITR’s Jacksonville Grand Opening
Innovative Tread Replacement Inc (ITR) will host a grand opening of its new location at Eastgate Industrial Park in Jackonsville, Illinois, on 6 and 7 May. Over 700 guests are expected to attend the event. The open house and plant tours will be the first public showing of the ITR’s retread process, recognised worldwide for reliability and efficiency in truck tyre tread replacement, according to the company.
Continue ReadingBridgestone UK Acquires Bulldog Remoulds
Bridgestone UK Ltd has acquired Bulldog Remoulds (Holdings) Ltd, the companies have announced in a joint statement. The deal is said to have been the subject of discussion for “some time.” Both parties agreed that the pricetag attached to the purchase would remain “commercially confidential.” The purchase took effect on 29 April and will not affect existing trading arrangements with Bulldog customers and suppliers, the companies have confirmed. Bridgestone says the acquisition will strengthen its long-term capability to look after and expand its Truck Fleet customers within the UK.
Continue ReadingPirelli To Build Specialist Cable Plant in Brazil
Pirelli has started work towards the construction of a special cable factory in the Brazilian State of Espirito Santo (Vila Velha). The “umbilicals” produced will be used in offshore oil platforms, the company says.
Continue ReadingOmskshina to Transfer 50 per cent Matador-Omskshina Share to Sibur
JSC Omskshina intends to transfer its 50 per cent share in the CJSC Matador-Omskshina joint venture to Sibur-Russian Tires. Such a decision it is expected to be approved by shareholders at the annual meeting on 3 June 2005, Omskshina said. 63,329 common stock shares of the joint venture are expected to be transferred to Sibur-Russian Tires within the framework of the deal. Founded in 1995 CJSC Matador-Omskshina is a joint venture of Matador Holding (Slovakia) and JSC Omskshina.
Continue ReadingNizhnekamskshina Sales and Production Up, Profits Down
Nizhnekamskshina, one of Russias largest tyre manufacturers, has published first quarter 2005 figures. Although, sales were up by 1.3 per cent to $91 million year-on-year, the company reported a net loss of $3.1 million against the $3.8 million net profit it recorded in the same period last year. Car tyre output rose by 0.2 per cent to 2,547,400 units, but fell by 2.4 per cent in value terms to $86.6 million.
Continue ReadingSmithers Chairman Herman Hochschwender Dies
Herman Karl Hochschwender, chairman of Smithers Scientific Services, passed away Thursday, 28 April 2005 in Naples, Flrorida. He was 85. Born in Heidelberg, Germany, on 1 March 1920, Mr Hochschwender moved to the US in 1930. In 1944 he settled in Akron, Ohio where he lived most of his life. He earned a Bachelor of Science degree from Yale University in 1941, and did post-graduate work at Harvard Business School.
Continue ReadingThree Offers Made For Pirelli Cables Unit
Shortly after Pirelli announced that it would build a new specialist cable manufacturing plant in Brazil, it has emerged that Pirelli has received three binding bids for majority stakes in its cables business. Goldman Sachs’ and Texas Pacific Group’s offers are seen as the frontrunners for the purchase, a source familiar with the situation told Dow Jones Newswires.
Continue ReadingArvinMeritor Joins TRIB
ArvinMeritor has become the latest member of the Tire Retread Information Bureau (TRIB). Based in Troy, Michigan, ArvinMeritor Commercial Vehicle Systems business unit serves the commercial truck and trailer and specialty original equipment manufacturers and related aftermarkets. The company also produces the Meritor Tire Inflation System.
Continue ReadingKwik-Fit Fleet Wins Institute of Transport Management Awards
Kwik-Fit fleet group (incorporating Kwik-Fit Fleet in the UK and Netherlands, Pit-Stop Fleet in Germany and Speedy Fleet in France) has captured two more industry awards to add to the three the company has already won.
Continue ReadingContinental Pleased with Situation in Czech Republic
Looking back at its decision to operate a plant in the Czech Republic, Continental AG says it is pleased with the situation in the country. The company reports that is plans are on track and it has noticed some real benefits of operating in this area. For example, the elimination of border controls on what used to be the EU frontier has noticeably reduced transport times. What’s more, the paperwork involved and the costs entailed are also said to have been cut. Purchasing is also benefiting from improved material procurement from all of Eastern Europe, the company says. “Continental AG decided in favour of an engagement in the Czech Republic 12 years ago, and thus very early on. This has long since proved to have been a smart move. The EU’s eastward expansion makes the location even more attractive,” said Manfred Wennemer, chairman of Continental’s executive board, on the occasion of Czech president Vaclav Klaus’ visit to the company’s Otrokovice factory.
Continue ReadingNew UK Distributor For Toora Alloy Wheels
Toora, the Italian alloy wheel manufacturer, has announced that its new UK distributor is to be Exclusive Tuning & Design. Established in 1993, Toora have modern facilities based in Bergamo, and have a range of popular designs which have sold well throughout the UK. Exclusive Tuning are based in Exeter and have a management team with decades of experience in the UK’s aftermarket industry. Paul Normington of Exclusive Tuning said: “We are delighted to have been selected by Toora to supply their well designed range of wheels. We will be holding large stock levels to ensure we can cope with the strong demand.”
Continue Reading