Team TerraClean’s drive to Africa for Macmillan Cancer Support
A team of mechanics from the TerraClean Service Centre network is undertaking a massive endurance test for Macmillan Cancer Support by travelling to Africa in a London Taxi.
Africa
Tag Archive for: Africa
Vipal runs partner training in Tanzania
Vipal Rubber recently conducted a training session with the team from Nas Tyres Services Ltd (NTS), the company’s partner in Tanzania, East Africa. The event took place at the retreader’s headquarters in the city of Dar es Salaam, the country’s economic and political capital.
Sameer exploring share sale, tyre export options
Sameer Africa Ltd., is planning to enter the Rwandan tyre market in the next two years, company executives told Bloomberg recently. At the same time, the company is said to be exploring the possibility of setting up a subsidiary in Nigeria. However, in light of ongoing share sale talks since last summer, this could be […]
Goodyear charged, fined $16 million over African bribes
On 24 February, the United States Securities and Exchange Commission (SEC) charged Goodyear Tire & Rubber Company with violating the Foreign Corrupt Practices Act (FCPA) when its subsidiaries paid bribes in order to secure tyre sales in Kenya and Angola. Goodyear has agreed to pay more than US$16 million to settle the SEC’s charges.
Goodyear earns well in Q3, globally and in Europe
While many of the quarterly results released at the moment make for depressing reading, those published by Goodyear Tire & Rubber yesterday show that the US-based tyre maker is making even better than expected progress on the path back to financial strength. An obviously pleased Richard Kramer reported on 29 October that Goodyear “delivered outstanding earnings growth in the quarter and achieved a segment operating income margin of more than 11 per cent, the highest in more than a decade, despite an increasingly challenged global economy. The chairman and chief executive officer added that “these results reflect our focus on capturing the value of our branded products in the marketplace and continued progress generating cost savings through our operational excellence activities.”
Michelin manager scales Mount Kilimanjaro for charity
Michelin’s Guy Heywood is back in the UK after scaling Mount Kilimanjaro – a feat that raised more than £2,500 for charity – but he isn’t putting his feet up and taking it easy now. The truck and bus tyre division commercial director plans to return there next year with three colleagues from Michelin and burn calories again for a good cause.
Michelin’s Heywood takes family up Kilimanjaro in charity climb
A Michelin employee and his family are preparing to climb Mount Kilimanjaro in a bid to raise vital funds for international development charity Transaid. Guy Heywood, commercial director of Michelin’s UK truck and bus tyre division, will be joined by his wife Helen and sons Max and Joe on the six day climb. At only 11 years and 11 months old, Joe would be the youngest ever Briton to reach the summit of the mountain, making the trip extra special for the family.
TGI appoints African development manager, new strategic accounts VP
Tire Group International has added Kevin O’Brien and Rishi Raj Bhatnagar to its team. They take up the roles respectively of vice president of strategic accounts for its domestic division and territory manager for the African market. Both have more than 20 years’ experience in the industry.
Linglong sponsors Ugandan National Basketball
On 31 May Linglong Tire signed an two year sponsorship deal with the Federation of Uganda Basketball Association (FUBA). The partnership, which will see financial and material assistance extended to Uganda’s national basketball team, is the first of its kind in the African Continent.
Apollo profits up 64% in fiscal 2013-14
Annual and final quarter results for Apollo Tyres’ 2013-14 fiscal year, which ended on 31 March, show a solid increase in net profit for the India-headquartered tyre maker. In the 12 months between the start of April 2013 and the end of March 2014, the company achieved net sales of Rs 133.1 billion (£1.3 billion); this represents year-on-year sales growth of four per cent. Full-year operating profit rose 19 per cent over the previous year to Rs 19.7 billion (£197.2 million), while operating profit margin rose from 12.1 per cent to 14.8 per cent. Net profit jumped 64 per cent year-on-year to Rs 10.1 billion (£101.1 million).
Continental South Africa makes strategic appointments
Continental Tyre South Africa announced the appointment of Niel Langner as marketing manager; Jiminy-Ann Knoetze Bosman as public relations and communications manager; and Morris Naiker as national sales manager on 14 May 2014. The move is being described as a set of strategic appointments designed to strengthen the firm’s tyre sales position in the country.
Bridgestone merging China, Asia Pacific tyre business units
Under restructuring measures Bridgestone is undertaking in the Asia region, Bridgestone Asia Pacific Pte Ltd. (BSAP) will expand its area of responsibility to include tyre operations in China. From 1 July, Bridgestone Asia Pacific – henceforth abbreviated to BSCAP – will become the head office in charge of both BSAP and Bridgestone (China) Investment Co. Ltd., the company’s current Chinese head office.
Goodyear posts Q1 results, confirms targets
While Goodyear Tire & Rubber has expressed satisfaction with the US$373 segment operating income earned in the first quarter of 2014, chairman and CEO Richard Kramer acknowledged the effect of ‘headwinds’ in emerging markets during the three-month period, particularly the impact of Venezuela on the company’s Latin America business. Segment operating income was up 24 per cent year-on-year and had a margin of 8.3 per cent; this is the fourth consecutive quarter where SOI margin has exceeded eight per cent.
Strike continues, but some production resumes at South African Continental plant
Production resumed, albeit at a reduced level, at Continental’s Port Elizabeth factory in South Africa last Friday, ten days after strike action halted all production there. Workers belonging to NUMSA, the National Union of Metalworkers of South Africa, went on strike on 15 April over a pay dispute, and the limited production now taking place in Port Elizabeth is being performed by non-union members. In a statement, plant spokeswoman Nomfundo Hlela said the factory was not operating at full capacity.
Dunlop Aircraft Tyres appoints EMEA general sales manager
Birmingham aviation tyre manufacturer Dunlop Aircraft Tyres expanded its team earlier in the year with the appointment of Patrice Moreau as general sales manager for Europe, the Middle East and Africa. Reporting to sales and marketing director David Skepper, Moreau joins with more than 19 years’ experience in commercial and business aviation.
