Still No Decision On Rugby Tyre Burning
The Environment Agency has still to decide whether to allow the burning of shredded tyres at Rugby Cement works, despite the passing of the latest deadline this week. The EA is still considering the situation, following meetings with the Borough Council and Primary Care Trust. No new deadline has been set for a decision to be made.
Continue ReadingRumaguma Going Private
Yugoslavian tyre manufacturer Rumaguma is aiming at privatisation. The company produces 11,000 tonnes of tyres annually, mainly bias ply tractor tyres. As well as its own brand, Rumaguma manufactures Continental, Barum, Semperit and Galaxy brands and over 70 per cent of production is exported. Of these, half are destined for Continental and 10 per cent for Galaxy. 70 per cent of the company will be sold, with a further proportion distributed among employees and some offered for public sale.
Continue ReadingPirelli Lands US High Performance OE Contract
In the USA, Pirelli has introduced a new tyre, the P6 Four Seasons. As the name suggests, it is an all-season tyre, which is already OE fitment on a number of European vehicles. In North America, OE contracts have been signed for the Lincoln Town Car and Ford Crown Victoria. The tyre is also undergoing homologation on new models from Jaguar, DaimlerChrysler and BMW. It will be available in 23 sizes for wheels from 15 to 17, aspect ratios from 65 to 45 and H, V and W speed ratings.
Continue ReadingDeutsche Bank Leaves Continental
Deutsche Bank has sold its involvement in Continental AG of which it held 7.5 per cent share valued at 142.3 million dollars to investment groups in Germany, Great Britain, Suisse and USA. The bank also reduced its DaimlerChrysler shares from 12.85 percent (31.12.01) to 11.80 (05.11.02).
Continue ReadingAmerican Racing Equipment Launch 26 Inch Wheel
American Racing Equipments American Racing Wheels, Epic, Motegi Racing and RO_JA brands have introduced 26 new wheels, including a massive 26-inch Epic Icon at the 2002 Specialty Equipment Market Association Show. The 26 inch wheel is targeted at high end luxury vehicles including the all-new H2 Hummer. The chrome-plated luxury Epic line will highlight the 26-inch Icon and the new styles ranging in size from 18- to 26-inches.
Continue ReadingTyre Fire Continues To Cause Concern
The tyre fire which has been burning in Pasadena since October 19th is causing concern among environmentalists. The levels of solvents detected in run-off water is exceeding levels recommended by the Texas Commission on Environmental Quality. The fire started when a stolen car was set alight, igniting the piles of tyres stored on the site.
Continue ReadingTech Restructures With New Appointments
Tech International, the Ohio-based manufacturer of tyre repair materials, has announced three new appointments. Robert Craig Overs, who joined Tech in 1990 has been promoted to Chief Operating Officer. Les C. Mawson assumes the role of General Operations Manager for Techs North American operations and Kim Hansen has been named as Chief Financial Officer. CEO Michael R. Chambers said that the restructuring will ensure Tech Internationals market leading position.
Continue ReadingAnalysts Downgrade Goodyear
In the United States, analysts UBS Warburg have downgraded Goodyear stocks from Hold to Reduce and the price target per share from $8 to $5.50. The analysts accept that the companys sales performance overseas is improving, but Goodyear is struggling in the US and the analysts cite five reasons why it might be difficult to make further progress in this market.
Continue ReadingNew Management Style in Brussels Head Office
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Continue ReadingISO 14001 For American Racing
American Racing Equipment has been awarded ISO 14001 certificate of registration for its environmental management system. ISO 14001 provides a framework for managing environmental impact, similar to the way in which the ISO 9000 standard addresses issues of product or service quality. The International Standards Organization (ISO) awards the 14001 certification to companies whose environmental management systems conform to specified requirements and demonstrate a serious commitment to ensuring that company operations do not harm the environment.
Continue ReadingHeated Arguments Between Hanover And Traiskirchen
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Continue ReadingThose Declared Dead May Live Forever
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Continue ReadingMore On The Continental Cash-Cow
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Continue ReadingCooperation Bandag-Continental
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Continue ReadingThe Market For Agricultural Tyres
Related news: Alliance Reports Record Sales in Second Quarter First delivery of largest agri tyre Agri contractor aiming for 5 years on Michelin OE tyres Titan introduces extreme flotation agricultural tyres
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