Solvay Silica appoints Lintech as a US distributor
Lintech International LLC has reported that it has been appointed as a non-exclusive distributor for Solvay Silica in the US, covering markets including the manufactured rubber goods (MRG) market.
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OBO encourages Reifen visitors to relax at beach-themed tyre sustainability stand
OBO Tyres will present a stand designed to promote tyre retreading at Reifen 2016. The company’s 100sqm stand will be situated in the Gallery area that connects Hall 2 and 4, with OBO Tyres giving its booth a summer look, presenting large tyres in a beach environment. The retreader says its intention is to draw attention “to the most environmentally friendly” method of tyre production.
Continental raises EBIT margin forecast to 11%
Although Continental says the economic environment in the first quarter of 2016 was as “difficult as expected,” the company reports making a good start to the year. In the three months to 31 March, the tyre maker and automotive supplier’s sales rose three per cent year-on-year to €9.85 billion, even though negative exchange-rate effects had reduced this sales growth by 2.1 percentage points. Adjusted EBIT climbed to €1.1 billion. At 11.3 per cent, the adjusted EBIT margin was higher than the previous year’s level of 10.6 per cent.
Italy’s Fintyre acquires tyre wholesaler Franco Gomme
The recent acquisition of Italian tyre distributor Franco Gomme by the country’s leading aftermarket tyre distributor, the Fintyre Group, is said to have pushed Fintyre into the ‘top five’ of Europe’s independent tyre distributors – the two firms’ combined turnover is expected to exceed €400 million in 2016. Through its acquisition of Franco Gomme, Fintyre aims to enhance its position the Italian market through increased coverage, more widespread distribution and new sales channels.
Alliance wins Caterpillar supplier award
The Building Construction Products Division of Caterpillar, Inc., has presented Alliance Tire Group (ATG) with a fourth-quarter 2015 Business Continuity Planning award in recognition of the company’s “perfect performance” in supplying Galaxy Beefy Baby tyres to Cat’s Sanford, North Carolina, plant.
Heuver Tyrewholesale to show latest Aeolus innovations to Reifen 2016
May 2016’s Reifen show coincides with Heuver’s 50th anniversary; a conjunction that will enable the international wholesaler to mark this significant date in style. Heuver will thus highlight its anniversary over the course of the week from its Hall 2 stand (E42), from which it will also be showcasing Aeolus products, for which it is the exclusive distributor in eight European countries – a fact the company describes as “the icing on the cake.” Heuver added that its many brands for international markets will be represented by account managers from all countries on its stand.
Cooper brings together football and motorsport in pendulum Precision Challenge
A key marketing component of Cooper Tire Europe’s sporting sponsorships has been its Precision Challenge videos. In two previous instalments, the tyre manufacturer challenged players from Arsenal, to whom Cooper is the Official Tyre partner, to hit targets made of tyres. In the third such challenge, Cooper brings together drivers from the World Rallycross Championship, for which it is the exclusive tyre supplier, and three more Arsenal stars to compete in another difficult test of accuracy.
Major automotive players collaborate in #StopTheCrash campaign
Thatcham Research, Bosch, Continental and ZF TRW are joining forces at the London Motor Show as part of the Global NCAP #StopTheCrash partnership. Their goal? To ensure consumers considering buying a new car ask three questions, the group believe are life-saving, namely:
Official opening for Kumho’s US tyre factory
Kumho Tire has held a ceremony to mark the opening of its new factory in the USA. The facility in Macon County, Georgia, enters operation with the capacity to produce up to four million tyres a year, and will later be expanded to a capacity of up to ten million tyres per annum.
Cooper Tire Q1 2016 operating profit up almost 30%
Cooper Tire & Rubber is, says chairman, chief executive officer and president Roy Armes, “off to a strong start in 2016” after reporting a 29.5 per cent increase in operating profit despite net sales being down 2.0 per cent in the first three months of the year. Operating margin rose from 10.6 per cent in Q1 2015 to 14.0 per cent in the quarter to 31 March 2016.
Nexen scores hat-trick of A’ Design awards
Nexen Tire has received three A’ Design awards for its latest tyres. Nexen’s All Road Transform concept tyre and Winguard Snow’G WH2 received gold awards, in addition to the N’Fera RU1 being granted a silver award. The company’s three products competed in the vehicle, mobility and transportation design categories.
New products, new technologies for Falken at Essen show
Under the heading of ‘On the Pulse of Tyre Technology’, Falken Tyre will present its extensive portfolio of tyres for cars, SUVs, vans and trucks at Reifen, the international trade show held in Essen from 24–27 May 2016.
Pirelli celebrates quarter-century of Carlisle Rally title sponsorship
One of the UK’s most prestigious rally events celebrates two important landmarks this weekend, with its title sponsor and tyre supplier at centre stage. The Pirelli Carlisle Rally – part of the British Rally Championship 2016 following the series’ relaunch – runs its 40th edition, and 25th under the Italian manufacturer’s name. Pirelli said its British Rally Championship stars would fight to deliver a victory on the home ground of high-speed gravel roads in the Kielder Forest. The rally consists of seven stages over Saturday afternoon and Sunday morning, totalling 75 competitive miles.
New head of Continental’s APAC truck tyre business
Patrick Haarmann is now head of Continental’s Asia Pacific (APAC) Truck Tire business. He began in this role on 1 March, succeeding Benoit Henry, who now works for Continental in Mexico. Haarmann is located in Continental’s APAC headquarters in Petaling Jaya, Malaysia and is responsible for the region’s replacement truck tyre business. He reports directly to Dr Andreas Esser, executive vice-president at Continental and head of the company’s Commercial Vehicle Tires business unit.
The right direction: Bridgestone North Region MD, Robin Shaw one year on
Roughly a year after Tyres & Accessories met Bridgestone North Europe region managing director Robin Shaw, just a few weeks after he took on the role, progress at the Warwick, UK-based part of the global company is said to have been “really good”. More than 12 months after our last interview, Shaw’s perspective on the tyre industry – previously he led Bosch’s UK operations UK – has deepened significantly as has his influence in the industry.
“The direction is good, but we always want to be further on than we are,” Shaw told Tyres & Accessories. Of course when you ask how business is at multi-segmented, multinational like Bridgestone, there is no simple answer to that question. Rather there are multiple variables, the importance of which differs from segment to segment. However, the general synopsis is that all segments are doing well, with some doing particularly well.
