As was first reported by Tire Review, Bridgestone Americas will announce today that it has signed a naming right deal for Nashville’s downtown arena. The tyre-maker and the Nashville Predators will hold a press conference this morning to announce the multi-year deal, which will create the “Bridgestone Arena.” The facility, currently named the Sommet Center, after a local firm, serves as the NHL team’s home, and hosts a wide variety of events and concerts.
As one of the largest distributors of passenger car tyres in the UK, wholesaler Stapleton’s prides itself on being able to offer tyres suitable for every retailer and every price bracket. This means stocking all major brands of 4×4 and SUV tyres. However this month the company also pointed out that the current “high fuel prices and doom and gloom of the economy will undoubtedly affect the already high running costs associated with 4×4 vehicles.” Some consumers may be monitoring their spending more closely and looking to make savings on their purchases, company representatives commented, explaining that the breadth of tyre range the company offers should ensure that Stapleton’s can support retailers in offering a wide range of 4×4 tyres, “at both the premium and quality levels.”
Pirelli has announced that, for a limited period, it will offer selected fleets a guaranteed casing allowance. The move is designed to demonstrate that Pirelli’s end-user partners can rely on the company’s truck tyres being guaranteed against any manufacturing defects from cradle to grave and then onto a second retreaded life. According to the company, “Pirelli’s confidence in the sheer quality of its new R01 Regional product lines and the ST01 Trailer fitment will ultimately be translated into extremely high retread casing acceptability and then prolonged second lives.”
An article published by Spanish sports publication El Mundo Deportivo indicates concern from Formula 1 teams about tyres for the 2011 season may be behind alleged attempts to woo Bridgestone back into the tyre supply fold. The Japanese manufacturer stated cost as one of the reasons for its decision not to continue with the championship after 2010, however talks are now allegedly taking place to find ways of reducing necessary expenditure below the 55 million euros per annum Bridgestone currently spends.
Michelin Tyre PLC’s Stoke-on-Trent Remix retreading manufacturing site has accepted £3.9 million towards modernisation from the UK Department for Business Innovation and Skills. The company plans to use this money to upgrade its facilities in order to be able to retread its latest generation Michelin Durable Technologies truck and bus tyres. According to company representatives this development takes the company “a step closer to securing £20 million worth of investment over a five-year period”, safeguarding the long-term future of the Stoke industrial site. The company is now said to be working with the Department for Business Innovation and the regional Government agencies “to develop and sustain the manufacturing skills base in the North Staffordshire region.”
Despite an overall upbeat tone, the word “crisis” has featured strongly during Continental AG’s reportage of its 2009 financial performance on February 23, a likely indication of the extent to which the German automotive supplier was affected by last year’s market downturn.
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Indonesian news sources are speculating that Michelin is positioning itself to take a majority stake in PT Gajah Tunggal Tbk, the Indonesian tyre manufacturer wing of Giti Tire. Michelin currently holds 10 per cent shares in the company and in the next year is expected to receive around 5 million through an off-take agreement with the company.
Indonesian website VIVAnews quoted an unnamed source as saying Michelin will buy a 44 per cent stake, making its total shareholding a majority 54 per cent. Gajah Tunggal director Catharina Widjaja reportedly said she had not heard that Michelin would be the majority shareholder of the company. When asked the same question Herve Richert, Giti Tire director sales and marketing (international), gave Tyres & Accessories a similar reply: “These are media news rumours, that we are not aware of and have no basis.”
Continental Tire the Americas (CTA) has commented on the global recognition it gained during the recent ContiTire Awards ceremony in Hannover, Germany. At the awards CTA project teams walked away with three of the five awards, an occurrence the American operation comments is “indicative of the organisation’s dedication and commitment to excellence, and its key role in Continental Tire’s success in the global marketplace.”
Pirelli has announced a four to six per cent price increase for all passenger car, SUV, light commercial vehicle, motorcycle and industrial vehicle tyres in European markets. The company says the increase, effective from 1 April, 2010, follows the growth of raw materials costs, especially that of natural rubber, which more than doubled in the last 12 months.
Perhaps in an effort to practice what it preaches, Bandvulc recently demonstrated some examples of innovation in in-house design and engineering. As a result, the company has now changed the way it handles over 18,000 truck tyre casings per month and has named this new process Avalon (a reference to the company’s King Arthur-themed production process).
As with the Avalon of King Arthur, where the magical sword Excalibur was forged, company representatives are keeping the Avalon of Bandvulc something of a mystery. However, according to the company, the fact that it was designed, manufactured and installed using internal expertise means the £300,000 investment has gone a lot further than it would have done if outside consultants and engineers were used.
Local media are reporting that USW workers at Denman Tire Corporation’s lone plant in Leavittsburg, Ohio have been told that the troubled tyre-maker is out of money and its banks are not extending credit. 200 union workers met late last week for an explanation of why they were sent home earlier this month and instructed to not return until further notice.
2009 may have been a difficult year for the tyre business in general, but the new truck tyre sector faired particularly badly. And as a knock-on effect of the reduced number of miles driven by fleets in the slowing economy, retread product was also hit (for example some figures suggest UK retread output was down 20 per cent this time last year). However, this improved during the course of the year and with retreading companies securing an increasing share of fleet business, Devon-based Bandvulc tyres is looking forward to a bright future in the international logistics business.
In a period of expansion that has impressed even the truck and bus market’s leading new tyre manufacturers, in recent years Bandvulc has grown to an influential position in certain segments, particularly to supermarket fleet tyre supply. Along the way the company has developed a reputation for environmental consciousness and recently took on an expanded new tyre distribution role in order to extend the service it can offer its growing fleet customer base. Speaking to Tyres & Accessories, company director and co-founder Richard O’Connell defines three important dimensions for those in the retreading business to consider: environmental, technical and political.
Pensions & Investments magazine reports that Goodyear’s pension plan is badly underfunded, and that the tyremaker will contribute between $275 million and $325 million to its global pension plans in 2010. Goodyear had contributed $430 million to its plans in 2009, the magazine reported.
Three tyres in the Infinity range are to receive additional fitment sizes. Family car pattern INF-030, small to medium car tyre INF-040 and van radial INF-100 have had their ranges increased in response to “customer requests”, according to general manager of Infinity Tyres Europe, Martin West. Infinity tyres are exclusively distributed in the UK by Bond International.
The Press Trust of India writes that the country’s government is “likely” to implement an anti-dumping duty on bus and truck radials imported from China and Thailand. The Commerce Ministry’s Directorate General of Anti-dumping and Allied Duties (DGAD), it reports, has recommended a US$90 duty per tyre.
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It’s Official: Bridgestone Name on Nashville Arena
NewsAs was first reported by Tire Review, Bridgestone Americas will announce today that it has signed a naming right deal for Nashville’s downtown arena. The tyre-maker and the Nashville Predators will hold a press conference this morning to announce the multi-year deal, which will create the “Bridgestone Arena.” The facility, currently named the Sommet Center, after a local firm, serves as the NHL team’s home, and hosts a wide variety of events and concerts.
Related news:
Stapleton’s: 4×4 Tyres For Every Price Range
NewsAs one of the largest distributors of passenger car tyres in the UK, wholesaler Stapleton’s prides itself on being able to offer tyres suitable for every retailer and every price bracket. This means stocking all major brands of 4×4 and SUV tyres. However this month the company also pointed out that the current “high fuel prices and doom and gloom of the economy will undoubtedly affect the already high running costs associated with 4×4 vehicles.” Some consumers may be monitoring their spending more closely and looking to make savings on their purchases, company representatives commented, explaining that the breadth of tyre range the company offers should ensure that Stapleton’s can support retailers in offering a wide range of 4×4 tyres, “at both the premium and quality levels.”
Related news:
Pirelli Announces Guaranteed Casing Allowance on New 01 Series Tyres
RetreadingPirelli has announced that, for a limited period, it will offer selected fleets a guaranteed casing allowance. The move is designed to demonstrate that Pirelli’s end-user partners can rely on the company’s truck tyres being guaranteed against any manufacturing defects from cradle to grave and then onto a second retreaded life. According to the company, “Pirelli’s confidence in the sheer quality of its new R01 Regional product lines and the ST01 Trailer fitment will ultimately be translated into extremely high retread casing acceptability and then prolonged second lives.”
Related news:
Can Bridgestone be Convinced to Stay with F1?
NewsAn article published by Spanish sports publication El Mundo Deportivo indicates concern from Formula 1 teams about tyres for the 2011 season may be behind alleged attempts to woo Bridgestone back into the tyre supply fold. The Japanese manufacturer stated cost as one of the reasons for its decision not to continue with the championship after 2010, however talks are now allegedly taking place to find ways of reducing necessary expenditure below the 55 million euros per annum Bridgestone currently spends.
Related news:
Michelin’s Stoke Remix Plant Gets £3.9 million in Funding
RetreadingMichelin Tyre PLC’s Stoke-on-Trent Remix retreading manufacturing site has accepted £3.9 million towards modernisation from the UK Department for Business Innovation and Skills. The company plans to use this money to upgrade its facilities in order to be able to retread its latest generation Michelin Durable Technologies truck and bus tyres. According to company representatives this development takes the company “a step closer to securing £20 million worth of investment over a five-year period”, safeguarding the long-term future of the Stoke industrial site. The company is now said to be working with the Department for Business Innovation and the regional Government agencies “to develop and sustain the manufacturing skills base in the North Staffordshire region.”
Related news:
Despite Hard 2009, Conti Looks Toward Sales Growth This Year
Company News, PremiumDespite an overall upbeat tone, the word “crisis” has featured strongly during Continental AG’s reportage of its 2009 financial performance on February 23, a likely indication of the extent to which the German automotive supplier was affected by last year’s market downturn.
Related news:
Is Michelin Angling for a Majority Stake in Gajah Tunggal?
NewsIndonesian news sources are speculating that Michelin is positioning itself to take a majority stake in PT Gajah Tunggal Tbk, the Indonesian tyre manufacturer wing of Giti Tire. Michelin currently holds 10 per cent shares in the company and in the next year is expected to receive around 5 million through an off-take agreement with the company.
Indonesian website VIVAnews quoted an unnamed source as saying Michelin will buy a 44 per cent stake, making its total shareholding a majority 54 per cent. Gajah Tunggal director Catharina Widjaja reportedly said she had not heard that Michelin would be the majority shareholder of the company. When asked the same question Herve Richert, Giti Tire director sales and marketing (international), gave Tyres & Accessories a similar reply: “These are media news rumours, that we are not aware of and have no basis.”
Related news:
CTA Praises Staff for ContiTire Awards Performance
NewsContinental Tire the Americas (CTA) has commented on the global recognition it gained during the recent ContiTire Awards ceremony in Hannover, Germany. At the awards CTA project teams walked away with three of the five awards, an occurrence the American operation comments is “indicative of the organisation’s dedication and commitment to excellence, and its key role in Continental Tire’s success in the global marketplace.”
Related news:
Pirelli Raising Prices in Europe
NewsPirelli has announced a four to six per cent price increase for all passenger car, SUV, light commercial vehicle, motorcycle and industrial vehicle tyres in European markets. The company says the increase, effective from 1 April, 2010, follows the growth of raw materials costs, especially that of natural rubber, which more than doubled in the last 12 months.
Related news:
Bandvulc Invests £300,000 in ‘World Class’ Production Process
RetreadingPerhaps in an effort to practice what it preaches, Bandvulc recently demonstrated some examples of innovation in in-house design and engineering. As a result, the company has now changed the way it handles over 18,000 truck tyre casings per month and has named this new process Avalon (a reference to the company’s King Arthur-themed production process).
As with the Avalon of King Arthur, where the magical sword Excalibur was forged, company representatives are keeping the Avalon of Bandvulc something of a mystery. However, according to the company, the fact that it was designed, manufactured and installed using internal expertise means the £300,000 investment has gone a lot further than it would have done if outside consultants and engineers were used.
Related news:
Workers Say Denman Tire Out of Money: Report
NewsLocal media are reporting that USW workers at Denman Tire Corporation’s lone plant in Leavittsburg, Ohio have been told that the troubled tyre-maker is out of money and its banks are not extending credit. 200 union workers met late last week for an explanation of why they were sent home earlier this month and instructed to not return until further notice.
Related news:
What Does Future Hold for Truck Tyre Retreading?
Retreading, UK News2009 may have been a difficult year for the tyre business in general, but the new truck tyre sector faired particularly badly. And as a knock-on effect of the reduced number of miles driven by fleets in the slowing economy, retread product was also hit (for example some figures suggest UK retread output was down 20 per cent this time last year). However, this improved during the course of the year and with retreading companies securing an increasing share of fleet business, Devon-based Bandvulc tyres is looking forward to a bright future in the international logistics business.
In a period of expansion that has impressed even the truck and bus market’s leading new tyre manufacturers, in recent years Bandvulc has grown to an influential position in certain segments, particularly to supermarket fleet tyre supply. Along the way the company has developed a reputation for environmental consciousness and recently took on an expanded new tyre distribution role in order to extend the service it can offer its growing fleet customer base. Speaking to Tyres & Accessories, company director and co-founder Richard O’Connell defines three important dimensions for those in the retreading business to consider: environmental, technical and political.
Related news:
Goodyear Pension Plans Underfunded, Magazine Says
Career TracksPensions & Investments magazine reports that Goodyear’s pension plan is badly underfunded, and that the tyremaker will contribute between $275 million and $325 million to its global pension plans in 2010. Goodyear had contributed $430 million to its plans in 2009, the magazine reported.
Related news:
Seven New Sizes for Infinity Brand
NewsThree tyres in the Infinity range are to receive additional fitment sizes. Family car pattern INF-030, small to medium car tyre INF-040 and van radial INF-100 have had their ranges increased in response to “customer requests”, according to general manager of Infinity Tyres Europe, Martin West. Infinity tyres are exclusively distributed in the UK by Bond International.
Related news:
Indian Anti-Dumping Body Recommends Hefty TBR Duty
NewsThe Press Trust of India writes that the country’s government is “likely” to implement an anti-dumping duty on bus and truck radials imported from China and Thailand. The Commerce Ministry’s Directorate General of Anti-dumping and Allied Duties (DGAD), it reports, has recommended a US$90 duty per tyre.
Related news: