Fire Service Fleet Switches To Bridgestone
Bridgestone UK says that a growing number of fire and rescue services are changing over to Bridgestone tyres to improve the stability and handling of their fire appliance fleets, particularly in the wet.
Continue ReadingWhat Price Experience?
A new study from industry analysts Plimsoll Publishing asks how important are the leaders of a company to its financial performance? It suggests that we will soon find out, as one in four of UK Tyre manufacturers and distributors company directors will be aged over 60 by the end of this year and, as they near the end of their careers, who will take over?
Continue ReadingBridgestone Breaks Ground on Mexican BIRD Plant
(Akron/Tire Review) Bridgestone executives along with members of the Mexican government gathered in Monterrey, Nuevo Leon, Mexico, to celebrate breaking ground for the company’s new BIRD based tyre plant. Representatives from Bridgestone Americas Holding Inc. (BAH), Bridgestone/Firestone North American Tire (BFNAT) and Bridgestone/Firestone Mexico, SA. de CV (BFMX) were all present.
Continue ReadingMichelin to Raise Prices on Passenger, LT Tires in July
(Akron/Tire Review) Michelin North America (MNA) has announced price increases affecting passenger and light truck tyres. OE and replacement tyre prices for Michelin, BFGoodrich, Uniroyal and private and associate brands sold in Canada, Mexico and the US will increase by up to 8 per cent, the tyre maker said. The increases are effective in July and result from “continuing increases in raw material costs,” according to MNA.
Continue ReadingGoodyear to Receive $22 Million Insurance Settlement
(Akron/Tire Review) The Goodyear Tire & Rubber Co has announced it will receive $22 million as part of an insurance settlement for asbestos- and pollution-related claims it had filed. The $22 million, part of a settlement agreed upon 13 April, will be paid by Lloyd’s Underwriters and reinsured by Equitas Limited in the second quarter of 2005.
Continue ReadingHankook Receives Government Aid for New Poland Plant
(Akron/Tire Review) Hankook has received final confirmation of an offer from the Polish Information and Foreign Investment Agency for the tiremaker to build a $500 million tire plant in Poland. Hankook could receive approximately $60 million in government aid and incentives, according to media reports.
Continue ReadingYokohama Announces Price Increases
(Akron/Tire Review) Citing “continued escalation of petroleum derived material costs, energy cost increases, freight cost increases and social cost adjustments,” Yokohama Tire Corp. said it would increase prices across the board on its TBS and commercial LT tyres. Prices on these tyres will increase by 5 per cent to 6 per cent, the Yokohama said, and “additional in-line adjustments will be made.” Detailed pricing information will be sent to dealers before 1 June, when the price increases take effect.
Continue ReadingCooper Personnel Changes
(Akron/Tire Review) Carl Casalbore, vice president of marketing and retail sales at the Cooper Tire & Rubber Co., has announced his departure from the company, and Robyn N. Dashnaw has been appointed territory sales manager by the Findlay, Ohio-based tyre manufacturer.
Continue ReadingBandag Announces First Quarter Results
(Akron/Tire Review) Bandag Inc. has reported consolidated net earnings of $6.0 million, or $0.30 per diluted share, for the first quarter of 2005. Consolidated net sales were $186.6 million, an increase of 8 per cent, compared to consolidated net sales of $173.5 million in first quarter 2004. For the first quarter of 2004, Bandag reported consolidated net earnings of $4.0 million, or $0.20 per diluted share.
Continue ReadingTreadways Announces Organisational Changes
(Akron/Tire Review) Treadways Corp has announced several organisational changes, effective 1 May. First, Lyle Symonds has been appointed senior vice president of private brand sales. Mr Symonds will oversee Treadways’ Laramie, Eldorado, Jetzon and Telstar tyre divisions and will report directly to Roy Araki, president. Previously, Mr Symonds was vice president, sales and marketing for the company’s Eldorado division.
Continue ReadingTIA Appoints New TRRAC Members
(Akron/Tire Review) The Tire Industry Association (TIA) has recently made new appointments to its Tire and Rubber Recycling Advisory Council (TRRAC). The new council members include: • Doug Barr, president, Barr Formulated Products • Denise Kennedy, vice president, California Operations for Waste Recovery West • Monte Niemi, president, First State Tire Disposal According to TIA, TRRAC was formed about 10 years ago, and its mission is to “ensure the long term viability of tyre and rubber recycling worldwide while pursuing economic and environmental benefits.”
Continue ReadingBridgestone to Supply Run-Flats as OE to BMW
(Akron/Tire Review) Bridgestone Corp., parent company of Bridgestone/Firestone North American Tire (BFNAT), announced it will supply all-season Bridgestone-brand Turanza EL42 run-flat tyres and summer Bridgestone-brand Potenza RE050A run-flat tyres as original equipment on the 2006 BMW 3 Series performance car.
Continue ReadingPirelli Builds New Romanian Factory
Pirelli is to build a new tyre plant in Romania, The Cumberland News has reported. The new Romanian tyre plant will reportedly be of a comparable size to the Pirelli factory at Cummersdale near Carlisle and will initially produce 4.5 million tyres a year. However, unlike the Carlisle plant, which specialises in 4x4 tyres, the Romanian plant will produce the full range of Pirelli products, the newspaper reported.
Continue ReadingForecast Predicts Chinese Rubber Growth
A forecast by the China Minmetals & Chemicals Import and Export Chamber of Commerce says that demand from the tyre industry will be the major factor in a rise in the price of rubber and growth in the Chinese Rubber Industry in 2005.
Continue ReadingSurf’s Up With Toyo
“A beach party atmosphere, in Yorkshire, in April, may seem a little different from the norm, but thats how we do things here!” So said Toyo Tyre UK’s marketing director Mike Rignall as the tyre company celebrated its sixth year as official sponsor of the live action arena at the Ripspeed Donny Show.
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