2013 Archives - Page 22 of 25 - Tyrepress

Posts

Goodyear to redeem $650m in senior notes

On 28 February Goodyear Tire & Rubber called for the redemption on 29 March 2012 of all its outstanding US$650 million 10.5 per cent senior unsecured notes due 2016. The redemption price will be 107.875 per cent of the principal amount being redeemed on the date of redemption, plus the interest payment amount scheduled for 15 May 2012 (less accrued and unpaid interest to 29 March 2012), computed using a discount rate equal to the yield of a comparable US Treasury security plus 0.50 per cent. In addition, holders will receive accrued and unpaid interest to 29 March 2012.

29th February 2012/by Tyrepress Editors

Mixed fortunes in January CV sales

Figures from the SMMT reveal something of a mixed bag for sales of commercial vehicles in January. Compared to January 2011, van registrations fell by 16.4 per cent, to 14,338.

13th February 2012/by Tyrepress Editors

Tyrexpo Asia 2013 dates announced

Tyrexpo Asia is to return to Singapore Expo Centre in March 2013. Show organiser ECI International has announced dates for the next staging of Tyrexpo Asia in Singapore in 2013.

6th February 2012/by Tyrepress Editors

Groundbreaking held for Sumitomo S-SBR plant

A groundbreaking ceremony was held for Sumitomo Chemical’s new the new solution styrene-butadiene rubber (S-SBR) plant in Singapore on the morning of 6 February. The plant is to be built in the Merbau area of Singapore’s Jurong Island and is expected to be complete in June 2013 and enter commercial operation in the fourth quarter of that year. The plant will have a 40,000 ton per annum capacity.

6th February 2012/by Tyrepress Editors

New representative for Pirelli savings shareholders nominated

During a special meeting held on 31 January, the holders of Pirelli & C. SpA savings shares nominated Professor Giuseppe Niccolini as their common representative for the years 2012, 2013 and 2014. He will replace Giovanni Pecorella, whom Pirelli wishes to thank for his service.

1st February 2012/by Tyrepress Editors

Lanxess renames new headquarters building

Lanxess may still a year away from moving into its new home, yet anybody passing by the future site of the company’s global headquarters in Cologne, Germany will be left with no doubt as to whose digs it is. The specialty chemicals company has renamed the former Lufthansa building, which is currently undergoing renovations ahead of the arrival of Lanxess’ employees in the second half of 2013, and from now on it will be known as the Lanxess Tower. The name was chosen from more than 600 staff suggestions.

30th January 2012/by Tyrepress Editors

London Mayor wins PR award

The world's largest network of professional motor industry communicators, MIPAA Limited, presents its annual Chairman's Award to recognise an outstanding contribution to public relations. The accolade has previously been received by Robert Llewellyn, Chris Evans, Ken Gibson, Lord March, Ewan McGregor / Charlie Boorman, and Jeremy Clarkson.

19th December 2011/by Tyrepress Editors

Conti partners MLS in US schools Solar Project

Continental Tire has joined Major League Soccer’s community outreach initiative and the Bonneville Environmental Foundation to provide a $50,000 solar installation to a school in the community of MLS Cup 2011 winner, the LA Galaxy, as part of the Bonneville Environmental Foundation Solar 4R Schools program, reports Tire Review. “We are thrilled to be working with MLS W.O.R.K.S and BEF to put a solar installation in a school in the hometown of the LA Galaxy, MLS Cup champions,” said Travis Roffler, director of marketing, Continental Tire.

29th November 2011/by Tyrepress Editors

New generation Diablo Supercorsa launched

Pirelli has premiered its new Diablo Supercorsa, a tyre it says is “perfect for professional riders and motorcyclists who have a sporty riding style but love the racetrack as well.” The newest member of the Diablo range will initially be produced in 120/70ZR17 front and 200/55ZR17 rear sizes and in both a SC (Special Compound) version, which will be showcased during the 2012 FIM Superstock 1000 Cup, plus a SP (Sport Production) race replica version suitable for daily use on the road.

16th November 2011/by Tyrepress Editors

Michelin planning Thailand elastomer composite plant

Michelin Siam is making preparations for a rubber composites production facility in Thailand. The tyre maker has awarded the contract to build the elastomer composite plant to energy industry project management, engineering and construction company Technip, who will set up a turnkey facility in Songkhla Province’s Southern Region Industrial Estate. The project is expected to be completed in the beginning of 2013.

15th November 2011/by Tyrepress Editors

Halfords Autocentres appoints ex-Kwik Fit man as operations director

Halfords Autocentres has appointed Simon Benson as operations director. He takes up the reins from Bill Duffy, who was recently appointed as Halfords Autocentres chief executive. Benson joins the company from Kwik-Fit, where he served for 10 years, most recently as divisional director. He has also worked for Kingfisher Group brands Comet and Woolworths.

8th November 2011/by Tyrepress Editors

Goodyear third quarter figures show strong performance

The Goodyear Tire & Rubber Company has carded an all-time record for quarterly sales and earnings in the third quarter, going past the $6 billion mark in sales for the first time. “I’m very pleased with our performace,” said Richard J. Kramer, chairman and chief executive officer. “Our third quarter results are another step on the path toward our 2013 targets and especially meaningful given the challenging market conditions in much of the world,” he added.

28th October 2011/by Tyrepress Editors

Zircotec ceramic thermal barrier helps resolve BTCC car’s heat problem

Zircotec’s ceramic exhaust coating has helped a British Touring Car Championship team reduce its car’s underbonnet temperatures. Team Dynojet’s Toyota Avensis has seen an improvement in performance and reliability since using Zircotec’s ThermoHold coating, delivering a string of podium finishes. Race engine developers X CTech R selected the ThermoHold-based thermal barrier to deliver close to a 37 per cent drop in under-bonnet temperatures. This protects the gearbox from the effects of heat, allowing the team to focus on other areas of performance, resulting in three podiums in the last two meetings.

27th September 2011/by Tyrepress Editors

Goodyear, Michelin awarded US military contracts

The US Defense Logistics Agency has awarded Goodyear Tire and Rubber and Michelin North America contracts to supply tyres to US military users had home and abroad. Goodyear’s fixed-price with economic price adjustment contract is to a maximum value of US$61,409,317 while the maximum value of the Michelin fixed-price with economic price adjustment contract is $35,987,004. Both contracts cover supply to Army, Air Force and Marine Corps users and have a completion date of September 22, 2013.

27th September 2011/by Tyrepress Editors

Work on Kumho US plant tipped to start mid-2012

Almost two years ago Kumho Tire announced it would delay construction of its new factory in the US state of Georgia, with a start to work pushed back until late 2013. Now local news sources say construction of the new plant may commence sooner than anticipated. According to Middle Georgia NBC network affiliate WMGT-TV, Bibb County officials who are working together with Kumho on the project anticipate a summer 2012 start to work on the new plant.

25th July 2011/by Tyrepress Editors