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14866

Goodyear/Titan – Update

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In the aftermath of yesterday’s not-too-surprising announcement that Goodyear will sell its agricultural tyre operations to Titan International, more details have come to light, reports Tire Review.

Goodyear agreed to sell the assets of its agricultural group, including its farm tyre plant in Freeport, Illinois, to Titan for approximately $100 million. The deal also gives Titan the right to produce and market agricultural tyres under the Goodyear brand name. However, under Goodyear’s current master contract with the United Steelworkers of America (USWA), any facility sale is contingent on the union and the prospective new owner reaching agreement on a new contract for the plant in question.

14867

Indian Manufacturers Deflate Tyre Prices

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In India tyre prices are “tumbling” in response to the government’s decision to cut excise tax by eight per cent, local news sources have reported. According to India’s Economic Times, MRF and Ceat have announced 4 – 6 per cent price cuts, while others such as Apollo, Goodyear and Birla Tyres are likely to follow the same lead. This means that typical non-radial bus and truck tyres are 1000 rupees cheaper.

14868

A New Market is Born

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When you have a tyre market that grows by ten per cent each year, as in the case of Russia, an impact on the retreading market is inevitable. Although retreads still don’t have the same status as they do in Western Europe, the eleven companies that are currently doing business in this market are looking forward to a bright future. The growing new tyre market has led to the appearance of a number of different retread companies, including Bandag, Kraiburg and Ellerbrock. Smaller companies like Elgitread from India and ITG from Italy have also shown interest in the Russian market.

14869

Is there a Future for Passenger Car Tyre Retreading?

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The European market doesn’t appear to hold a bright future for retreaded passenger car tyres. Just recently one of the biggest manufacturers of the tyres, Reiff Reifen + Autotechnik GmbH, withdrew from this segment. Nokian Tyres has also taken a similar decision: the Finnish tyre manufacturer has sold its passenger car retreading plant to a Swedish company even though its retreading business was recently brought together under the roof of a new “profit centre”.

14870

‘Winning Hearts and Minds’

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Four years after launching the Meteo Esc, Marangoni Tyre has updated its winter tyre range by releasing the Meteo HP passenger car tyre. As the name suggests, the Italian company’s latest product is designed as a high performance winter offering. The new tyre will be available in time for next season (2005/2006) in 15 popular sizes with indices mainly between T and H, but with three going all the way up to V. The Meteo HP will be available in 15 to 18 inch diameters and in 65 to 40 series ratios. Tyres & Accessories spoke to Marangoni Tyre’s global sales and marketing director, Derek Carruthers, and asked how the company planned to market its new winter tyre in the UK.

14871

Pirelli Boosts Operating Results

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Pirelli has boosted its 2004 operating result to 380 million euros, a 42 per cent increase compared with the 268 million achieved in 2003. Last year’s figures show consolidated revenue of 7,130 million euros up 6.9 per cent on 2003’s results. The manufacturer’s net financial position settled at -1,475 million compared with -1,745 in 2003.

14872

Manufacturers Take On the Russian Market

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If the 8th Moscow Tires & Rubber show is anything to go by, the Russian tyre market looks set to continue its development as a growth market. While the show was marked by growing interest from exhibitors and visitors, the market itself has produced some generally optimistic data and has seen perceptions of the manufacturers’ market approaches improve. All this suggests that the Russian market will continue to develop into a very interesting tyre market, with a strong growth potential.

14873

Sealing the Motorcycle Tyre Market

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“If Nick says it’s good then it must be,” says Mark Gregory, national franchise manager for Punctureseal, when asked about the company’s tyre sealant. Nick Sanders, the person he refers to is a renowned adventure/endurance biker who is well known in biking circles for his world moto challenge, where he circumnavigates the globe on his Yamaha R1. Nick advocates the brand by both using it on his own tyres and recommending it to all that travel alongside him.

14874

Changing Strategy in Siberia

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A changing market environment and growing consumer demand in Russia has encouraged Matador to target the increasing opportunities offered by the market. The Slovakian tyre manufacturer is preparing for the future by initiating a new brand strategy and further investments into its Russian joint venture in Omsk. 2005 is an appropriate year for Matador to contemplate future development of its tyre business, as it will celebrate two important anniversaries during the coming months. In May the company will celebrate its 10th year at the Russian factory Omskshina, followed by its 100th anniversary in the autumn.

14875

Elite To Supply Pirelli Track Day Tyre

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Pirelli have appointed Elite Garages as their recommended Motorsport Tyre specialist for the Pirelli PZero Corsa road/track tyre.

The Pirelli Corsa is described as the ultimate extreme performance tyre. It has been designed for enthusiasts who take their road car on the race track whether for a track day or for club racing allowing them to maximise their cars’ performance, without the need to change wheels or tyres when moving from road to track.

The Pzero Corsa is the successor to the renowned PZero C tyre and has a directional and asymmetrical tread pattern. The tyre will be available in nine sizes for 17 and 18 inch rims and carries a Y speed rating. Being a street legal ECE homologated racing tyre, the Corsa offers a level of performance not seen in standard road tyres, claims Pirelli.

14876

The implementation of ECE 108/109 into German law

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The German retreading industry has, for some time now, been concerned about when and how the ECE regulations 108 (passenger tyres) and 109 (truck tyres) would eventually be transferred into mandatory national law. In fact concerns over how the regulations will affect the German retreading market have been lingering since they were put into place in Geneva in June 1998.

14877

Sumitomo’s 2004 Results Beat Forecast

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Sumitomo Rubber has released strong 2004 results, at the same time as announcing both the appointment of Tetsuji Mino as president.

Net sales were recorded at 3.41 billion euros. Operating income rested at 329.9 million euros, of which 238.4 million euros (equating to 72.3 per cent) came from tyres. This showed a decrease compared to 2003 where 82.6 per cent of operating income came from tyres. Net income was 138.9 million euros from 94.9 million in 2003 and net sales were 2.59 billion euros, or 76 per cent of overall sales.

14878

Bridgestone Strengthens Retreading Activities

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Bridgestone Retread Systems is relatively new to the retreading market, having entered the sector in the past year through a joint venture between Bridgestone and Marangoni/Ellerbrock. The idea behind the new company was to bring together and direct Bridgestone’s retreading activities in Europe from a central point; hence its location in Brussels. The joint venture with Marangoni Tread and its German subsidiary, Ellerbrock Tyre Retreading Technology, allows the Japanese manufacturer to cast its retreading net even further; and it can now offer its partners the support and assistance to gain the ECE 109 and the ISO 9001-2000 certifications.

14879

Brazillian Tread Producer Aims For International Market

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Brazillian retread product manufacturer, Vipal, holds 43 per cent of the world’s second largest market and is represented in 90 countries. Now the company is aiming to expand its global business. After a successful SEMA show, the company stepped into the Mexican market with the inauguration of the Vipal distribution centre in Mexico and the launch of the Vipal Authorized Dealer Network. The company also launched its new Vipamold VRA tread design for use on drive and trailer tyres.

14880

Point S Urges Members to Have ‘Courage for the Future’

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At the end of January point S, Germany’s largest cooperative, held its second annual meeting since it merged with competing buying group, VRG. Although more than two years have passed since the merger, the meeting revealed that the dust hasn’t settled yet, and, following a number of management changes, there is still plenty of strong feeling on the subject. Nevertheless, nearly 750 participants travelled to Leipzig’s Congress Center for the two-day meeting and heard about the organisation’s “courage for the future.”

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