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15323 search results for: eco tyres

15211

“BioTred” To Replace Soot And Silica

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According to the US tyre manufacturer Goodyear, they have developed a filling material for car tyres on the basis of renewable raw materials. Thanks to this new rubber mixture, as reported by the press officer Mr Fischer, tyre production will be less harmful to the environment and, compared to the normal silica tyre tread mixture, it offers a lower rolling resistance. Above all, it should be fuel saving. This new technology, which will be used for the first time in the summer tyre GT 3, will offer additional advantages for safety and handling. Presenting the BioTred for the first time to the German press at the end of January in Frankfurt, the company attracted a lot of interest. BioTred is an artificial name, with a deliberate spelling difference to “tread”, in order to highlight its ecological advantage immediately to the consumer. BioTred is a patented tread mixture containing an element from corn starch. However, in parts this element will replace the substances soot and silica which have been used for processing up to now. According to Dr. Annette Lechtenböhmer, who is a chemical engineer at the Goodyear Technical Centre in Luxembourg and also a university teacher at the Hanover University Institute for Process Engineering, this new filling material will reduce CO2 emissions in different ways. On questioning it was confirmed that the starch suitable for producing the filling material could also be generated from potatoes. Since Goodyear has spent five years developing this material and holds a couple of patents, a lead over the competition should be possible.

15212

Trust in Michelin Shares

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Deutsche Bank AG sees potential in Michelin shares, which lost about 10 % at the stock exchange last week, and they recommend these as a “buy”. On the one hand analysts foresee cheaper raw material prices and on the other hand they believe that, as Michelin is focussing on the high end of the market, the company will be the winner because American consumers are making a flight to quality after the recall of Firestone tyres.

15213

One Million EMT Sales In 2002

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Goodyear’s EMT (Extended Mobility Technology) tyres are the most popular run-flat tyres sold as original equipment. For next year, Goodyear is expecting new record sales of one million EMT tyres to car manufacturers.

15214

Restructuring For Pacific Dunlop

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Australian company Pacific Dunlop has revealed restructuring plans, which involve splitting the group in two. The Ansell health care business (turnover $Aus 1.3 bn) will be floated as a separate company. The second company will include the distribution of consumer products (Pacific Brands) and automotive products (Pacific Automotive and South Pacific Tyres). Turnover of these units totalled $Aus 2.7 bn.

15215

Michelin Suffers Under Bad Market Conditions

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The French group has achieved a rise of 4.5 per cent in the first half of 2001, compared to the same period last year, and now has a turnover of 7710 million Euro, but the EBIT has fallen 9 per cent to 491 million Euro. Analysts had been expecting a slightly better result. As a prominent supplier of truck tyres, Michelin is suffering under the very bad market conditions prevailing in the US. Not only did the OE market fall, but – and this was unexpected – so did the replacement market, and the company cannot foresee any improvements in the US market for the second half of the year. Michelin as a group did not sell as many tyres as expected, as a result of the Fiestone recall, but the trend towards premium brands (the so-called “flight to quality”) still exists. The Michelin brand has sold a lot more tyres than in previous years, which gives the group much better margins. The return on sales for the whole year should be between 6.2 and 6.8 per cent – some months ago, 7.7 to 8.3 per cent was expected. Perhaps there might be some more good news for Michelin if Firestone and General were forced to recall more tyres.

15216

Continental’s Annual General Meeting

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At the annual general meeting of Continental AG, held at the Preussag-Arena of the Hanover EXPO Centre, both management board and shareholders were united in not being very happy with the development of the company’s share price. However, they did not agree over the intention to sell ContiTech. Whereas, for the group’s representatives this is another logical step towards becoming a systems supplier for the automobile industry, the question was raised, whether instead it might be more useful to separate from the weak Continental Tire North America (the former General Tire). Another factor is that last year ContiTech achieved quite a profitable result. This kind of argument took the wind out of the sails of both Continental’s managing director, Dr. Stefan Kessel and board member Manfred Wennemer, who is responsible for this business unit within the group. They were united in their desire to follow the path towards “Global Chassis Control”. And in order to emerge from the decline, a cluster of measures has already been introduced. “We expect these measures to bear fruits soon, and that sales increases will be reflected in the results, too. However, 2001 will be a very difficult year for tyres in the USA” – such was the managing director’s outlook. “Therefore, it will be even more important to become a systems supplier. As there are only a few suppliers for the automobile industry, hostile take-overs will be rather unlikely.” Kessel was trying to allay the shareholder’s fears and once more justify Continental’s strategic change. Of course, it would be very helpful to spur on the share price, as explicitly declared by the group’s top management at the AGM – however, it needs more than words.

15217

New Tyre From Debica: Passio

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Their latest product, the summer tyre Passio with a T-speed rating was presented to the European press and public at the end of January. This tyre is intended to succeed the Debica Vivo. For Zdzislaw Chabowski there is no doubt that in future his factory in Debica will be very important within Goodyear’s integrated production system all over the world. This article presents the new product, the company and the management. The product is a summer tyre, a so called bread and butter tyre, with speed index T, being developed in Goodyear’s research and development centre (GTCL) in Luxemburg. Afterwards it will be comprehensively tested on gravel roads, motorways and also on the race track in Vallelunga, Italy. According to the manufacturer, comfort and driving conditions on both wet and dry roads have been improved. Noise levels have been reduced, and compared to its predecessor, Passio should be able to reduce the braking distance on both dry and wet surfaces. Passio is a tyre for both the original equipment and the replacement market which soon will be available in nearly every European country. Debica Tyres was founded in 1939 and transformed into a public limited company in 1991, whose shares have been traded at the Warsaw stock exchange. The Polish government found a strategic investor in Goodyear at the end of 1995, who, in two steps, has increased its financial interest in the company and has become the majority shareholder meanwhile.

15218

EU Fine For Michelin

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The European Commission has fined Michelin 19.89 million Euro for “abusing its dominant position” in the French heavy vehicle replacement tyre market from 1990 to 1998. In a statement, the EC said that “Michelin’s complex system of quantitative rebates, bonuses and other commercial practices illegally tied dealers and foreclosed the French market to other tyre manufacturers.” This applied to both new and retreaded tyres and the Commission took a serious view of events, as it said that this was the second time that Michelin had engaged in such anti-competitive behaviour in Europe.

15219

“Disappointing” Goodyear Results

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Goodyear has released details of its financial performance for the last quarter of 2000 and for the year as a whole. Sales for 2000 were a record $14.4 bn (1999: $13.4 bn), of which Dunlop contributed $2.3 bn. Goodyear estimates that currency factors reduced sales by $450 m. Net income was sharply down to $40.3 m (1999: $243.2 m). The number of tyres produced in 2000 rose by 22.8 million units to 223.3 m tyres, of which Dunlop shipped 37.3 m units. Samir Gibara, chairman and chief executive officer, described the results as “disappointing”, adding: “We have solid improvement plans in place for 2001.” Gibara went on to say that global rationalisation initiatives will reduce group employment worldwide by 7,200 and save $150 m this year, and $250 m annually thereafter.

15220

Bridgestone Continues To Win In F1 Circus

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Bridgestone, the world’s second largest tyre manufacturer, invited a party of tyre dealers and important customers to the Monaco Grand Prix. And there was reason to celebrate as the first two drivers home were racing in cars shod with Bridgestone tyres. Michelin had to be content with third place, which went to Eddie Irvine. The Bridgestone management is using Formula One events to improve its relationships with important partners, plus involvement in motorsports breeds success – over the past three years brand image and brand awareness have improved significantly in Europe and Latin America. This not only helps to ensure that the ambitious volume targets are met, but has the effect of improving the consumers’ perception of the quality of the brand, which means that they are willing to pay a higher price for the tyres.

15221

Project Wholesaling

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In spring the editorial staff of NEUE REIFENZEITUNG and our sister magazine TYRES & ACCESSORIES started an in-depth look at wholesaling in the tyre business. The reason was that the function of wholesaling has changed significantly during only a few years as a bridge between industry and the retail sector – a process which is still on-going and which is still evolving. What began as a small project, like Topsy “just growed”. As a result of this we can give a basic introduction into the function of tyre wholesaling. We also noted that this market has a lot of niches with very specialised players in areas such as agricultural, industrial, motor wheel, vintage, sports, aviation or other niche tyres. So the result of our work is more than a range of company profiles but an overview of the different facets of wholesaling with only two connecting elements; all are involved with tyres and we always have to recognize that there is no manufacturer able to supply all potential retailers. The wholesaling of tyres has a very important function. And it becomes clear that the idea of some manufacturers carrying out “a little bit of dealing along the way” is today more than ever a mistake. Tyre dealing has a future, and tyre wholesaling has too.

15222

Tough Time For Ford And Firestone At Congressional Hearing

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Ford chief Jacques Nasser faced some tough questioning at yesterday’s Congressional hearing into the Firestone tyre/Ford Explorer situation. ‘Billy’ Tauzin, from Louisiana, revealed that one of the brands of tyre being used to replace the Firestones had a failure record nearly 25 times worse than the Wilderness. Nasser said that, if this was correct “then we’ll act on it”. Tauzin also criticised BF Inc’s John Lampe of attempting to shift the blame on to Ford.

15223

Truck Tyre Manufacturing To Cease At Conti’s Herstal Factory?

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Continental is considering whether to discontinue truck tyre manufacturing at its plant at Herstal, Belgium. The factory employs 777 and, should truck tyre manufacturing cease, the company says other activities would be expanded, especially car tyre production using the MMP (Modular Manufacturing Process). Analysts estimate that such a move would reduce Conti’s truck tyre capacity by 600,000 tyres, or 15 per cent of output.

15224

The Financial Experts’ Favourite – Michelin

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Reports from financial and industry analysts generally agree that the tyre industry, among others, is facing a difficult time with market conditions having worsened recently. Despite this, the Deutsche Bank AG, London is recommending Michelin shares as a “buy”, even though the organisation is downgrading its 2001 profits forecast for the French manufacturer by 3%.

15225

New Technology Tyre For Concorde From Michelin

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Following the tragic Concorde crash last summer, the European Aeronautic Defence and Space Co. (EADS) approached tyre manufacturers to see if any research was on-going to improve the resistance of tyres to damage by foreign objects. In Paris, Michelin unveiled its response, the radial NZG. NZG, which stands for “near zero growth” is described as “the latest innovation in radial technology”. It uses a high-modulus reinforcement material which is lighter and offers higher damage resistance. The tyre was tested by running over a 30 cm blade both at taxiing and take-off speeds and the tyre suffered no damage.

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