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3331

Another Record Year for B-Quik

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2005 was another record year for B-Quik, the Thailand based tyre and car services retailer. The company serviced over 200,000 customers through its total of 42 centres, four of which were new stores, opened during 2005. Despite the slightly declining aftermarket for passenger car tyres in Thailand (-1.2 per cent), B-Quik posted a 16 per cent increase in tyre unit sales. Total revenue increased by 19 per cent to a record amount of 826 million baht (£11.97 million or 17.5 million euros).

3332

Advanced Compound Fillers Increase Fuel Economy

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Fuel prices have been increasing across the board since 1988. Drivers today have to spend more than twice as much per litre of petrol used than at that time. And the trend is set to continue. In fact, the International Energy Agency (IEA, Paris) expects demand for all types of fuel to significantly increase – by as much as 50 per cent over the next 25 years.

So much for the bad news. But there is also good news –chemicals company Degussa AG (Dusseldorf), intensified the work in its Advanced Fillers & Pigments Business Unit aimed at improving the properties of truck and car tyres alike. This work has led to fuel consumption reductions of up to eight per cent – depending on how figures are compared. Based on an average of 150,000 kilometres per truck, this could result in annual fuel savings of approximately 2,500 litres – a substantial amount.

3333

Goodyear Reports Q4 Net Loss Despite Record Sales

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Goodyear has reported a fourth quarter net loss of $51 million for 2005, compared with the previous year period’s net income of $125 million. This year’s lower result was put down to losses caused by the sale of the company’s farm tyre unit. Despite the losses the company recorded sales of $4.9 billion in the fourth quarter and a full-year sales record of $19.7 billion. According to the company, sales benefited from improved pricing and product mix and higher volume in the international tyre businesses, while the effect of currency translation reduced sales by approximately $107 million in the quarter.

3334

Yokohama HPT Instrumental In Donut World Records

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Yokohama HPT was instrumental in stunt driver Terry Grant’s success in claiming two new World Records at last month’s Autosport International show. Grant chose Yokohama tyres and TSW alloy wheels for the cars he used to shatter the existing records for performing donuts.

As Grant was the previous record holder, he was aiming to smash own achievement for the number of cars performing donuts simultaneously by a single driver. The technique involved setting one car donutting, locking the throttle and steering, leaving the spinning car, getting into another car and repeating the process. Terry’s previous record was for three cars but he went one better to set the record with four cars concurrently donutting, to rapturous applause from the audience in the show’s Live Action Arena.

3335

Four Bridgestone Tyres Make Consumers Digest List

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(Akron/Tire Review) Four Bridgestone-brand tyres were named to Consumers Digest magazine’s list of tire “best buys,” which appears in the publication’s February issue. Earning the designation were the Bridgestone Turanza LS-H in the touring tire category; Bridgestone Potenza G009 in the performance tire category; Bridgestone Dueler H/L Alenza in the light truck/SUV all-purpose tire category; and the Bridgestone Dueler H/P in the sport tyre category.

3336

Conti Tyres on 70th Anniversary 4/4 Morgan

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The legendary Morgan 4/4 launched in 1936 and still produced today is about to become even more special. To celebrate its 70th anniversary, the Morgan Motor Company has unveiled a limited edition Morgan 4/4 slightly smaller than its Plus 4 and Roadster siblings. Just 142 “70th Anniversary” Morgan 4/4 cars will be built – two cars for every year of its production life since launch. Each car will be individually marked with the year it honours, finished in period style and fitted with Continental 165/80R15 CT22 tyres.

3337

Record Mileage Performance for Owner-Driver

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Carlisle based owner-driver Keith Simpson has just replaced the original drive axle tyres on his Volvo FH12 tractor unit after an impressive 616,000 kilometres. The Michelin 295/80 R22.5 XDE2 tyres recorded this performance during the first life of the brand new tyres, followed by a regroove, which ensured an additional 20 per cent mileage. The regrooving also extended the tyres most fuel-efficient state, in line with Michelin’s Stop Thirsty Tyres Campaign.

3338

TVS Tyres’ £7.7 million Expansion Plans

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TVS Tyres is to invest 600 million rupees (£7.7 million) in expanding its domestic and export capacity. “Our new capacities will be ready by 31 March. We currently manufacture 7 lakh tyres a month; after the expansion, we will have capacities to manufacture 900,000 tyres per month,” S Balasubramanian, vice president, marketing, TVS Srichakra Ltd told India’s Economic Times.

3339

British GT Lap Records Under Threat Says Avon

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The British GT lap record could be about to fall, according to series tyre supplier Avon Tyres, and its tyre are set to play an important part.

After close season development, the most recent test (2 February), involved teams from the GT2 and GT3 categories. Despite an ambient temperature hovering around freezing, TracksSpeed’s team manager Piers Masarati, who was testing a Porsche 911, managed to set a time 0.7 seconds quicker than last year’s pole position for the GT3 category. (Piers Maserati set a time of 1 min 11.2. Last season’s pole position time for the GT3 category was 1 min11.9.

3340

Some Freedom for Shredded Tyres in Landfill Engineering

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Defra has allowed some shredded tyres to be used for “certain landfill engineering purposes” after the landfilling of tyres is officially banned in July. The news follows research conducted by the National Industrial Symbiosis Programme (NISP).

Initial interpretation of the Landfill Directive declared that from July this year only whole tyres would be permitted for this purpose and the use of shredded tyres was therefore precluded. However, according to the NISP this move would have had serious environmental consequences; because NISP had already identified replacement aggregate as a re-use option for up to a quarter of this year’s UK tyre waste.

3341

Ruia Group Acquires Dunlop India and Falcon Tyres

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The privately owned Ruia Group has bought Dunlop India Ltd, Falcon Tyres Ltd and India Tyres from the Dubai-based Jumbo Group for a reported 2 billion rupees (£25 million).

“An agreement has been reached between Pawan Kumar Ruia and the (Chhabria) Jumbo Group to hand over both Dunlop India and Falcon Tyres,” said H Sandu, a group spokesman, confirming the development took place at a meeting in Mumbai.

According to India’s United News Agency, Ruia said the figure required for revival of the company was around 1.5 billion rupees, although the National Productivity Council projected the package would be around 2.1 billion rupees. He said the liability of Dunlop stood at around 6 billion rupees and negotiations with the staff and the bank will begin shortly. The Sahagunj and Ambattur factories will be opened shortly and the redevelopment will reportedly take around two years.
After visiting the factory with his family members and a group of executives, Ruia told the Business Standard that the condition of the Sahagunj plant was much better than expected. “I think, we could start production soon at the plant,” he said. However, Ruia qualified his optimism by saying he wanted to restart production in phases.

Most of the production lines, which include rubber pipe and hose production equipment, are reportedly “old”, but the factory also “has a modern conveyor belt line,” the Business Standard reported. At the last count, the Sahagunj unit had 2,700 employees. Production at the Ambattur factory is expected to restart in six months time.
Apart from the Ruias, Metro Tyres, MRF, Hero Honda, the Caparo Group of Lord Swraj Paul and the Sarda Group were all also in the in the running to purchase the assets.

Dunlop says it aims to become a leader in the tyre industry, even if it means getting into alliances with global tyre giants keen on India, said Pawan Ruia at the first media meeting after taking over Dunlop. According to the Business Standard, the Sumitomo name was mentioned as one such company.

3342

Goodyear to Announce Record Sales, Analysts Say Sell

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Goodyear Tire & Rubber Company says it anticipates record sales of almost $20 billion (£11.27 billion) for 2005, with more than $4.9 billion for the fourth quarter. Despite this market analysts, Deutsche Bank, have downgraded their stock rating for the company to “sell.” In addition to record sales, segment operating income is expected to be up between 20 and 25 per cent from 2004.

The manufacturer says it expects fourth quarter segment operating income “to approximate the $238 million achieved in the prior year period.” After deducting $20 million in corporate and general expenses Deutsche Bank estimates consolidated EBIT will come in at “roughly $218 million, well below their $283 million estimate.”

3343

Stamford Tyres Adjusts Its Plans For China

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For Stamford Tyres the Chinese market is not new. There they have a local partner that produces some of Stamford’s private brands such as the Sumo truck tyre. Also, the new PCR private brand “Sumo Akina”, which will be launched by the end of this year, will be manufactured in China. China is becoming more interesting not only as a production base, but also as a potential sales market. China the giant is taking centre-stage for many wholesalers, including Stamford Tyres from Singapore.

3344

Apollo Tyres Buys Dunlop International

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Apollo Tyres Ltd is to buy Dunlop Tyres International (Pty) Ltd (Dunlop South Africa) for US$62 million. The all-cash deal will see Apollo take on 100 per cent equity for 2.9 billion rupees (£37.3 million). The transaction is subject to regulatory approvals in both countries, including that of the South African Competition Commission, and a number of conditions. The Durban, South Africa-headquartered company also owns subsidiaries in Zimbabwe and the United Kingdom. The news follows speculation that Apollo Tyres was interested in purchasing Dunlop Zimbabwe.

3345

Tanvic Tyres Launches Free Ag-Tyre Check Service

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Tanvic Tyres, an Agri Point dealer covering parts of the East Midlands and South Yorkshire, has announced a new free service available to farmers, within its catchment area. Firestone’s objective is to have all Agri Point dealers running similar programmes shortly, Firestone agricultural marketing manager, Barry Coleman said.

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