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Transense signs Saudi Arabia deal

Shares in Transense Technologies rose on Friday 15 June after the sensor systems maker announced its trading division secured a strategic distribution deal with a Saudi group. The group told investors that its IntelliSAW business, a provider of wireless sensor systems for smart grid applications, has entered into a strategic distribution agreement with the energy projects and services division of Saudi Arabia’s Al Mashariq Trading and Contracting Co. The company also makes systems and tools for use in tyre TPMS and RFID applications.

18th June 2012/by Tyrepress Editors

Goodyear acquisition, investment to support Asia-Pacific OTR growth

Earlier this month, Goodyear Tire & Rubber announced it now holds 100 per cent ownership of its Nippon Giant Tire (NGT) subsidiary in Tatsuno, Japan. The tyre maker has been the majority shareholder in NGT since 1985 and purchased the shares owned by its joint venture partners, Toyo Tire & Rubber Co., Ltd. and Mitsubishi Corporation, for an undisclosed amount. Goodyear now plans to invest US$250 million to upgrade and expand NGT’s tyre manufacturing facility in order to increase its global supply of OTR tyres for key customers.

18th June 2012/by Tyrepress Editors

Cheng Shin considering India plant

According to Taiwan’s national news agency, local tyre maker Cheng Shin Rubber has voiced interest in establishing a factory in India. The Central News Agency reported Cheng Shin president Chen Yun-hwa as saying demand from emerging economies, including India, remains strong despite escalating debt problems in the eurozone, and therefore the company may set up a plant in order to tap into the fast-growing Indian market.

18th June 2012/by Tyrepress Editors

Hankook, Michelin reps pedal for Transaid in Madagascar

A team of 25 challengers from across the UK transport and logistics industry, including participants from Hankook and Michelin, is preparing for the fundraising challenge of a lifetime, cycling more than 450km across Madagascar, in aid of international development charity Transaid. The group has set a target of raising £100,000, and is leaving for the island on Friday 15 June, with a day’s acclimatisation in the capital of Antananarivo on the Saturday before the main event begins in earnest on Sunday. Proceeds from the event will benefit vital Transaid initiatives across Africa.

13th June 2012/by Tyrepress Editors

Point S partners Däckarna in Sweden

Well known retail chain and buying cooperative Point S has partnered with Däckarna in Sweden to complete its collection of Scandinavian tyre operations. Founded in the 1970s Däckarna is believed to be the first purchasing group aimed at unifying the strength of independent dealers. More than 40 years later the group has 39 branches in its partnership, collectively occupying a 5 per cent market share.

5th June 2012/by Tyrepress Editors

Translogik’s iTrack TPMS completes South Africa mine trial

Transense Technologies plc reports that its Translogik division’s iTrack tyre temperature TPMS for OTR vehicles has successfully completed field trials and is now an approved product for deployment in the southern African region. According to the company, the Customer is initially focussing on fitting the iTrack system to its haul trucks while also considering fitment to its ancillary mine vehicles, more than doubling the potential number of vehicles requiring the system.

31st May 2012/by Tyrepress Editors

Goodyear Wranglers protect rhinos

Goodyear Wrangler AT/SA tyres have been chosen by The Forever Wild Rhino Protection Initiative – part of the Wild Foundation in South Africa – as the tyre of choice for its vehicles. The initiative champions anti-poaching activities in several regions of south-eastern Africa.

29th May 2012/by Tyrepress Editors

Hampson Al Dobowi’s new business development head

The Al Dobowi Group has appointed Nigel Hampson to the position of head of business development. Previously Hampson had worked for Cooper Avon Tyres and Cooper Tire Europe since 1996 in several managerial roles in the company. He was most recently sales and marketing director for Europe, Middle East and Africa, before joining the Al Dobowi Group.

25th May 2012/by Tyrepress Editors

Apollo invests in South Africa plant

Apollo Tyres chairman, Onkar S Kanwar, recently inaugurated a new Component Preparation Unit at the company’s Ladysmith tyre manufacturing facility in South Africa. This 6500 square metre unit came by virtue of 300 million rand (28.461 million euros, £23.031 million, US$35 million) investment and has a new calendering machine and triplex extrusion line. According to the company, the new addition has the potential for further expansion to facilitate future growth.

22nd May 2012/by Tyrepress Editors

Point S UK reflects on successful 2011, seeks new members

Over 70 Point S UK members, staff and suppliers gathered in Solihull yesterday to reflect on the independent retail network’s development in 2011 and plans for 2012. At the end of 2011 Point S UK had 45 members and 125 points of sale. And although the group opted to slow down additions to its membership in order to ensure high standards, this is still ahead of initial goals of 100 plus points of sale within two years of the network’s inception. That said the group is now revving up its membership once again, with ambitious targets and plans for national coverage. Looking around the mini-exhibition hall next door to the conference presentations you can see that that Point S UK is still growing and gaining influence in the market.

16th May 2012/by Tyrepress Editors

Point S moves into South Africa

Retail franchise operation point S has confirmed an agreement with Unity Tyre Trading, a group of 11 independent tyre dealers in South Africa. The company announced that it was pursuing international development opportunities outside Europe at Las Vegas’ SEMA show in November, and its launch in the new African territory has confirmed point S’s ambitions in this direction. Point S also strengthened its Central European operations, by signing an agreement with the Slovenian firm, Span.

11th May 2012/by Tyrepress Editors

Pirelli reshuffles executives

Following official confirmation of the resignation of Pirelli COO Francesco Gori, the company has detailed revisions to organisational model. According to the company, Pirelli has decided to reinforce its technological and commercial organization apparently completing a re-definition which began in October 2011. As a result Pirelli will replace its “executive office” with two new roles reporting directly to chairman and chief executive officer Marco Tronchetti Provera.

10th May 2012/by Tyrepress Editors

Apollo’s 2011 sales topped US$ 2.5 billion

Apollo Tyres Ltd has released fourth quarter and full-year 2011 results that show revenues across operations in Asia, Africa and Europe, grew 37 per cent to 121.5 billion rupees (£1.409 billion; 1.81 billion euros; US$2.5 billion). According to the company, Indian operations grew fastest (up 49 per cent) while the firm’s Europe business saw a growth of 27 per cent. Apollo’s African operations witnessed 10 per cent growth.

10th May 2012/by Tyrepress Editors

Tribunal confirms Maxiprest penalty

South Africa’s Competition Tribunal has confirmed a 9.356 million rand (£721,712.31, 899,154 euros, US$7,241,070) penalty handed down to Maxiprest Tyres by the Competition Commission for “price fixing, division and allocation of markets and collusive tendering”, according to local news reports.

9th May 2012/by Tyrepress Editors

Saudi JV to build tyre factory

English language daily Arab News reports that Al-Amoudi Group company, the Al-Muwakaba for Industrial Development & Overseas Commerce (Holding), will establish a 194,000 square factory in the Saudi Arabian port city of Yanbu. The project will cost an estimated SR900 million (£148 million), and the facility is expected to employ 600 workers and have an annual output of 1.8 million passenger car and commercial vehicle tyres.

4th May 2012/by Tyrepress Editors