Combined UK Offices For Dunlop And Goodyear
In the UK, Dunlop and Goodyear have decided to combine their administration offices to increase the effectiveness of the joint venture. The offices – and a new distribution centre – will be in Birmingham, preferably at Fort Dunlop. The Wolverhampton offices will eventually be closed, but production at Wolverhampton will not be affected. The two sales divisions will function independently, even though they will operate from the same location. The move will be completed over the next 12 months.
Continue ReadingRestructuring Of Accuride‘s Light Wheel Production
Accuride Corporation (North Americas largest manufacturer and supplier of wheels for heavy/medium trucks and trailers) has announced plans to optimise its operations by restructuring the Companys light steel wheel operations and closing its Columbia, Tennessee, facility. Accuride will consolidate the production of light wheels currently produced in Columbia into its other facilities.
Continue ReadingO.E. Aims of Michelin
Michelin wants to capture half of the global O.E. market for high performance tyres. To help achieve this the company is counting on its C3M automated manufacturing system, now in place at seven plants around the world.
Continue ReadingNew Noise Restrictions For Tyres
The EU parliament in Brussels has set new rules regarding tyre noise levels, rolling resistance and abrasion, to come into effect in 2003. Passenger cars will be allowed to have noise emissions between 72 and 76 decibels, light trucks between 75 and 79 decibels.
Continue ReadingConfidence In Bridgestone And Firestone
John Lampe has spent all his working life with Firestone and then Bridgestone/Firestone. He has recently been put in charge of the Bridgestone groups largest subsidiary, Bridgestone/Firestone Inc. in the USA. In addition – and this is a first for Bridgestone and very rare for large Japanese businesses – Lampe sits on the board. This illustrates how highly he is thought of in what are difficult times for the company. In our exclusive interview, he talks of the relationship between Bridgestone/Firestone Inc. and Ford. However, since the interview, this attitude changed dramatically, with Bridgestone/Firestone Inc. ending its business relationship with Ford. Our follow-up article after the Lampe interview traces this change in attitude and the increasingly-bitter war of words as the companies try to pin the blame on each other.
Continue ReadingMichelin Promotes Jean Michel Guillon
Jean Michel Guillon, who used to be head of sales for Michelin in Germany before he assumed responsibility as Vice President Sales for MAST (Michelin Americas Small Tires), has become Chief Operating Officer and Executive Vice President Michelin North America Inc.
Continue ReadingWeb-Based Ordering System From Michelin And IBM
Michelin and IBM have announced that the tyre manufacturer has installed for all Europe a new Web-based system – based on a Web-enabled IBM eServer zSeries mainframe – that improves service to its network of 50,000 European distributors by allowing them to place orders for Michelin products directly over the Web any time of the day or night. The system is initially being deployed for use by Michelins large European distributors in the United Kingdom, Germany and France and will be made available to the most of the companys European network tyre distributors. Full deployment will be by 2004.
Continue ReadingSecond Quarter Results From Goodyear
Goodyear has released its 2nd quarter financial results. At $3.58 billion, Q2 turnover was slightly up from Q1 ($3.4 bn) and around the same as for Q2 last year. Profits after tax were $7.8 million, nearly 90 per cent down on the figure for Q2 2000 of $77.1 m. However, Q2s profits were a vast improvement on the $46.7 m loss recorded in Q1 2001, due largely to increased business from the replacement of Firestone tyres on Ford Explorers. For the first half of 2001, Goodyear posted a net loss of $38.9 m, compared to a profit of $125.3 m for H1 2000. Regarding the rationalisation programme, 5,800 jobs have been lost from the proposed total of 7,800.
Continue ReadingProposed Bonus Share Issue By Transense
Transense Technologies PLC, the company involved which recently licensed exclusive world-wide rights for the Société de Technologie Michelin to embed Transenses surface acoustic wave sensor technology on automotive and aircraft tyres, is proposing a three-for-one bonus share issue to boost the marketability of its shares
Continue ReadingHalf Year Results Of Bridgestone
Turnover rose by 3.7 per cent, but the group announced a loss for the first half year of 280 million Euro. This is the result of the fatal recall and all the other costs from Bridgestone Firestone in the USA. Despite all the bad news, the management was confident that it would show a profit at the end of this year of around 80 million Euro. In the US, the group is not expecting to show a profit before the second half next year.
Continue ReadingRevised Deal For Pirelli
Pirelli has become the first firm to successfully negotiate a revised take-over deal after the poorer than expected markets after making its bid for Olivetti. In a complex deal Pirelli will still pay the same share price but will gain a 10% discount on a second tranche of Olivetti shares. The deal is still subject to EU approval.
Continue ReadingPurchase Completes Vianor Chain In Sweden
Nokian Tyres has purchased the 13-outlet tyre chain of Dackaffaren for the sum of 4.3 million Euro. Dackaffaren had a turnover of 110 million Swedish Crowns (11.5 million Euro) last year and employs 70 staff. The company will be incorporated into Nokians Vianor tyre retail chain, which now consists of 50 outlets in Sweden and a total of 170 outlets in five countries. Kim Gran, Nokians President and CEO, says that the acquisition completes the companys coverage in Sweden.
Continue ReadingReceivers Called In At Just Tyres
Just Tyres Holdings, the group consisting of the Just Tyres retail chain, the Southam Tyres wholesale business, Autostop and Autostop fleet network, has called in the Administrative Receiver. 40 of the 90 Just Tyres depots were closed down immediately, resulting in 100 job losses, or one third of the total group workforce. Autostop Fleet has also closed down. The Receiver is looking for buyers, either for the group as a whole or its component divisions separately and reports considerable interest.
Continue ReadingHanford, California Plant Closed By Pirelli
Pirelli Tyre ceased operations at its Hanford, California plant. This follows a six month notice issued to the facility in October 2000 stating that the plants cost structure was not competitive with other Pirelli plants costs. Production capacity will be transferred from Hanford to plants in Europe and South America.
Continue ReadingAgreement Ends Strike At Goodyear Chemical Plant
A 64-day strike at Goodyears chemical plant in Houston ended when union members signed an agreement. Under the agreement, some jobs will be consolidated or outsourced and wages reduced for some non-core positions. On the benefits side is an improved pension scheme, a lump sum first year wage increase and later increases linked to plant earnings. The Houston plant employs 600 and makes synthetic rubber used in the manufacture of tyres and several other products.
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