Conti Teves Joins ADC
The European Commission has agreed the accession of Conti Teves to the joint-venture Automotive Distance Control Systems ADC (Temic Telefunken Microelectronic/parent company: DaimlerChrysler and Leica Geosystems/Switzerland).
Continue ReadingMichelin Cuts 473 Jobs At Stoke
Michelin is to lose 473 jobs from its workforce of 2,700 at its factory in Stoke-on-Trent in the UK, mostly among those producing passenger car tyres. This is part of Michelins overall European strategy to improve efficiency. Michelin sees a long-term future for Stoke and this year will invest £11 million in updating the factory, which was opened in 1927.
Continue ReadingMichelin Open For Alliances
Edouard Michelin, CEO of the French tyre giant, can see opportunities for technical alliances with competitors, a French magazine reports. As an example, he cites the new tyre and wheel system Pax, which will be presented jointly by Michelin and Pirelli in Geneva.
Continue ReadingPirelli Buy Energy Cable Activities From BICC General
With the acquisition of the energy cable activities from BICC General for US$216 million Pirelli is strengthening its world-wide leadership in this particular business which will bring it up to US$ 3.4 billion in turnover. Their nearest competitors are Alcatel (sales - US$2 bn) and Sumitomo (sales - US$1.5 bn).
Continue ReadingCooper-Avon To Shed Jobs
Cooper-Avon has announced that it will be making 80 staff employees redundant in Europe. Locations affected are the Melksham (UK) HQ and offices in Switzerland, France and Germany. The cuts are blamed on the high level of the Pound and large numbers of imported tyres from the Far East and have been made, says Cooper-Avon, to reduce costs and increase job security for the remaining 900+ employees.
Continue ReadingContinental Changes Agricultural Tyre Organisation
Werner Flebbe has been made responsible for Continentals entire agricultural tyre business. Marketing and sales worldwide will be managed by Thorsten Bublitz and OE business worldwide by Fritz Reupert. Reuperts successor for aftermarket business is Rainer Lüpkes.
Continue ReadingSuccessful 1999 Year for ContiTech
The ContiTech division of Hanover-based Continental AG experienced the most successful business year of its history in 1999, according to the company. The year 1999 marks a big step forward – in results, globalisation and concentration on core businesses, was the way the year was summed up at a press conference by Manfred Wennemer, board member of Continental AG with responsibility for the ContiTech division and chairman of ContiTech Holding GmbH. In 1999 ContiTech increased its turnover to 1.72 billion Euro (previous year: 1.70 billion Euro), a plus of 0.7 p.c. This would have been about 2.5 p.c. but for changes in the contributing units,some of which were sold. Turnover per employee amounted to 112,000 Euro, approximately four per cent higher than the 107,000 Euro of 1998. In non-automotive sections the general economic situation led to some decline, but business with Europe’s car makers was approximately four per cent above the previous year’s level. The 1999 ContiTech turnover was made up about 64 p.c. in the automotive sector and 36 p.c. outside it. Operating profit (EBIT) also improved. The strong growth can be attributed, among other things, to a significant reduction in the extraordinary items and reserves for restructuring, which had depressed the 1998 result. On the contrary, the 1999 year saw one-off profits, especially from sales of individual segments. Wennemer emphasised that these positive effects on the results were caused by ContiTech’s restructuring measures. Read more in NEUE REIFENZEITUNG 5/2000.
Continue ReadingTyrexpo Asia Set For September 2001
ECI International Ltd., the company which purchased the rights to the Tyrexpo Asia show, has announced that the exhibition will next be held at the newly-built Singapore Expo Centre from 11-13 September 2001. TYRES & ACCESSORIES will be a sponsor of the event.
Continue ReadingMerger Of Arvin And Meritor
Automotive suppliers Meritor, among other things one of the worlds largest steel wheel producers, and Arvin Industries will merge to form ArvinMeritor. The companies have combined revenues of $ 7.5 bn. The new company will create a premier global supplier of integrated systems, modules and components. Meritor shareholders will receive approximately 65.8 percent.
Continue ReadingNorth American Wheels Team By Hayes Lemmerz
Hayes Lemmerz has combined its sales and marketing forces of fabricated and cast wheels in North America. President of the new unit is Ronald Kolakowski, Richard Miller has been appointed vice president and four sales directors are responsible for NA oe customers.
Continue ReadingBTE Wheels Direct From The Manufacturer
The BTE wheel, made from synthetic material, is no longer available from distributors F&F Hybrid-Rad but can be obtained direct from the manufacturer in the small German village of Grube (Schlewig-Holstein).
Continue ReadingJoint Takeover Of Daewoo By Hyundai And DaimlerChrysler?
A spokesman for Hyundai said on 12th June that the company is considering a takeover of Daewoo, together with DaimlerChrysler
Continue ReadingUS Order For ContiTech
Delphi Automotive has exclusively ordered membranes from ContiTech Elastomerbeschichtungen GmbH. They are to be used in pressure sensors for fuel injection systems. This year ContiTech will produce 40,000 of these membranes for the US-based automotive supplier, in 2001 the number will be doubled.
Continue ReadingFormula Colway
British retread tyre manufacturer Colway Tyres offers its customers the new Formula Colway range for market segments previously regarded as the domain of second tier replacement tyres – such as the fleet car and van sectors – of large new tyre manufacturers.
Continue ReadingAssociations Back Intertyre
In the UK, the National Tyre Distributors Association and the Tyre Industry Council have given their backing to InterTyre. InterTyre is a trade exhibition, organised by the Society of Motor Manufacturers and Traders, which will run in conjunction with the European Automotive Trade Show at the end of April next year. The Tyre Industry Council is also a sponsor of Tyrexpo Europe, the rival exhibition which will take place six weeks earlier.
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