Rondell Targets Prestige Brands
Rondell is to aim at enhancing its market share of luxury and performance brands, the company has announced. The news follows the successful launch of a number of other wheels earlier in the year. According to Rondell’s UK distributor, Sherbrook International, demand for the existing designs has “soared.”
Continue ReadingDemand for Wet Tyres Grows
After a long summer soaking and autumn that is showing little sign of being different, demand for wet weather tyres is “soaring,” according to automotive retail chain, Hi-Q.
Continue ReadingWill Continental Withdraw From Russia?
Continental is having “big difficulties in Russia.“ According to German media sources the company’s joint venture with Moscow Tyre Plant (MTP) is both taking longer than envisaged and becoming considerably more expensive. Continental board member, Dr Hans-Joachim Nikolin, has been reported as saying the company is even “seriously” considering the implications of its worst-case scenario, withdrawing from the joint venture.
Continue ReadingMichelin Recalls 46,000 Tyres
At the end of September Michelin Tire North America announced that it has recalled 46,000 passenger car and light trucks. Now the company is extending that recall to include the other markets that the tyres were supplied to.
Continue ReadingTreadway Gets a New Name
Treadway Exports Limited, one of the largest tyre wholesaling companies in North America, has announced that it will be changing its name. From 1 November the company will be known as Hercules International. According to Treadway, the name change is designed to align the parent company with its export division.
Continue ReadingNew Jeeps to Use Superior Wheels
Superior Industries International, Inc has announced that it has been awarded four new aluminium wheel contracts for the 2005 Jeep Grand Cherokee and Liberty models.
Continue ReadingCar Registrations Remain Flat
New car registration figures have levelled out during September.
Continue ReadingAmtel Sells $34.2 million Shares
Russian tyre manufacturer, Amtel has sold 10 per cent of its stock in a private placement underwritten and distributed solely by Troika Dialog Group.
Continue ReadingLanxess to Float on the Stock Exchange
Details surrounding the separation of chemical supplier, Lanxess have been released. Until now Lanxess had belonged to Bayer AG. If the chemical supplier is floated on the stock exchange by the beginning of 2005, the company will receive an influx of capital from its parent company. This could help the company repair its credit rating. On the other hand, Lanxess has net debt of 1.5 billion euros. Lanxess’ turnover in the first half of 2004 was approximately 3.3 billion euro, the tyre industry is one of its most substantial customers.
Continue ReadingUK Team Selected for Arctic Challenge
The 2005 UK Fulda Challenge team has been selected following a gruelling final elimination event held in Sulden, Italy.
Continue ReadingRMA Appoints New Director
The Retread Manufacturers Association (RMA) has announced that it has appointed David Wilson as the association’s new director.
Continue ReadingBridgestone to Start Steel Cord Production in China
The Asia Times is reporting that Bridgestone Corp has announced that it will begin production of high-carbon steel cord in China next autumn.
Continue ReadingPirelli Selects New Logistics Company
Pirelli Tire, has selected Kuehne + Nagel to implement a new North American supply chain solution, including optimisation and management of its warehousing and distribution network.
Continue ReadingR H Claydon to Distribute Dunlop
R H Claydon has announced that it has been appointed the sole distributor of Dunlop’s Agricultural, Industrial and MPT tyres in mainland UK and Northern Ireland, from the beginning of October.
Continue ReadingAlcoa Launches Eight New Cast Aluminium Wheels
Alcoa Automotive has announced that it has launched eight new cast aluminium wheels for Nissan and Chrysler Group.
Continue Reading