$20 Million Investment In Zimbabwe Bandag Plant
National Tyre Services Limited (Zimbabwe) has invested $20 million on the commissioning of a third curing chamber at its Harare Bandag factory. The investment comes at a time when other companies are closing shops or relocating to other countries. NTS Zimbabwe is an official re-distributor of Dunlop tyres and is now the largest customer in southern Africa for Bandag products.
Continue ReadingKraiburg’s Views On The Future Of Retreading
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Continue ReadingCooper-Avon Tyre: A Change For The Better
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Continue ReadingContinental In Intensive Care
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Continue ReadingMichelin Is Gaining Market Share And Improving Results
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Continue ReadingRMIF Supports Licensing The Trade
Fred Maguire, president of the Retail Motor Industry Federation (RMIF) has openly supported government plans which may lead to garage licensing. He acknowledged that the governments mystery shopping review of the trade had revealed serious problems which need to be addressed. In that light he was putting the support of the RMIF behind the Good Garage Scheme. He also stated, We can only achieve excellence by concerted efforts and improvement in training. So, as an industry we have to take positive action in the training arena. If RMIF members set this as their priority objective, they will have nothing to fear (from licensing).
Continue ReadingGoodyear 3Q Results: Net Income Triples
Goodyear has published its results for the third quarter. Net income more than tripled to $33.7 million (3Q 2001: $9.3 m), while worldwide sales were down slightly at $3.5 bn ($3.7 bn). Currency movements had an estimated $4 m negative effect on sales and $10 m on earnings. For the first nine months, Goodyear posted a loss of $0.6 million, compared with a loss of $29.6 m for the same period last year. Sales were down too, at $10.3 bn ($10.7 bn), while tyre volumes slipped 2.5 per cent to 160.7 million units. Sam Gibara said that economic conditions in key markets and rising raw material costs are a concern, but Goodyear will continue to concentrate on reducing working capital.
Continue ReadingGoodyear Eagle F1 Goes Global
The Goodyear Eagle F1 which has been progressively rolled out around the world through 2002 is to become the first global tyre. The aim of global tyres is to produce tyre sizes for the worldwide market from single region manufacturing points. That is to say, tyres of any given size type will be manufactured in a single region and shipped globally. Currently eight North-American specific tyre sizes are manufactures in Lawton, Oklahoma, and 31 popular European sizes are manufactured in Germany. The global approach will significantly reduce manufacturing and equipment costs. The F1 is the first of many tyres that Goodyear will be offering on a global scale.
Continue ReadingChallenge Bibendum In California In 2003
Michelin’s event “Challenge Bibendum 2003” will be held in San Francisco on 23-25th September at the Infineon Raceway in Sonoma and conclude with a crossing of the Golden Gate Bridge and an awards banquet in San Francisco.
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