Conti Gets Phoenix Go-Ahead
The EU Commission has given Continental the okay for its proposed takeover of Phoenix. “Therefore, there is nothing in the way of a merger of these two historic German companies anymore and we will find ourselves well positioned to deal with the worldwide competition,“ said Continental executive board chairman, Manfred Wennemer.
Continue ReadingBalancing the Bias Against Retreads
Bandag has released a new wide-single trailer tyre range. The BTE2 is based on a polyvalent tread that the company claims surpasses the performance of its predecessor, the Bandag BZAW(E).
Continue ReadingStable Profits as Trelleborg Appoints Nominations Committee
The Trelleborg Group has reported what it calls “stable profit trends” in its third quarter results. According to the company, profit after financial items, before goodwill amortization and for continuing operations, rose by 36 per cent.
Continue ReadingYokohama Invest In Philippines
Yokohama Rubber has announced that it will invest some 10 billion yen (£50. 9 million) at its Yokohama Tire Philippines subsidiary in a bid to increase its production capacity to 7 million tyres, by September 2006.
Continue ReadingBidding War for NASCAR
Goodyear currently supplies tyres to NASCAR’s top three professional series through an exclusive contract the tyre manufacturer has until 2007. However there are reports that Bridgestone/Firestone and BF Goodrich are keen to launch a competitive bid for the contract when Goodyear’s agreement runs out.
Continue ReadingTrelleborg to Transfer Production
Trelleborg AB has called for negotiations with the relevant unions about the closure of its manufacturing facility in the town of Trelleborg. The company says the decision has been made against the background of a diminishing market for the type of agricultural tyres it produces in the town.
Continue ReadingHayes Lemmerz Receives Honourable Mention
Hayes Lemmerz International has announced that it received an honourable mention in the 2005 Automotive News PACE (Premier Automotive Suppliers Contributions to Excellence) Award Competition for its Flex Wheel.
Continue ReadingMichelin’s Sales Growth Slows
After “exceptional growth” in the first half of 2004, Group Michelin has posted third quarter results that show slowdown in sales growth.
Continue ReadingOn Course to Deliver
Brityrex International aims to deliver what its organisers, ECI International, promised from the beginning - an exhibition dedicated to the tyre and related industries.
Continue ReadingTaurus goes to KRT
Michelin has appointed Kings Road Tyres as the sole supplier of its Taurus agricultural tyres to the UK. The manufacturer describes KRT as having a “long-standing relationship with Michelins Taurus brand,” and accredits the company’s nationwide distribution network as the reason for its choice. The UK wholesaler is already the sole supplier of the Stomil-Olsztyn / Kormoran range of products, another Michelin Group brand.
Continue ReadingSTS Branch Gets New Management Team
STS Tyres & Exhausts has appointed a completely new management team at its Aylesbury branch. Francis Johnson and Paul Piggott, who have worked together in the sector for 12 years have joined the centre as manager and deputy manager respectively.
Continue ReadingContinental Invests in Slovakia
Continental AG, has announced that it has signed a memorandum of understanding with the Ministry of Economy of the Slovak Republic.
Continue ReadingBridgestone Opens Carbon Black Plant in Thailand
Bridgestone has officially opened a new carbon black plant in Thailand. According to the company, the facility will operate as Bridgestone Carbon Black (Thailand) Co, Ltd, a wholly owned member of the Bridgestone Group.
Continue ReadingMichelin Has the Last Word in Brazil
After a distinctly variable season, Michelin has ended the Formula 1 year on a high note. The BMW William’s Juan Pablo Montoya said a fond farewell to the team by winning the Brazillian Grand Prix.
Continue ReadingNew Truck Point Executive
Bridgestone has announced the appointment of Steve Miller as a new regional fleet. The company says Mr Miller’s appointment is designed to win new business for the company and its network of Truck Point dealers.
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