agreement Archives - Page 24 of 49 - Tyrepress

Posts

Two New Contract Wins For Bandvulc

BTC and Bandvulc Tyres have won the management contract of Alltruck PLC. TTL EQM Ltd has also chosen BTC, the management arm of the Bandvulc Group to become its tyre manager in a new two year arrangement. Previously a supplier of product to TTL, Bandvulc Tyres has become the single point of contact for all of TTL tyre transactions.

Mark Holloway, director of TTL Operations comments: “BTC offer a first rate end to end service that ensures TTL get the maximum benefit from the tyres we purchase. The advantages are considerable, with innovative solutions to certain operational areas of our business which are extremely valuable to us. We have every confidence of their ability to deliver given their track record within the industry. To complement the Management service we are also receiving an exceptional, well recognised brand of tyre which performs.”

12th May 2008/by Tyrepress Editors

Titan Gets Deal With Deere

Titan Tire has signed a three-year deal to supply farm tyres to John Deere.

“John Deere has been Titan’s largest customer for years,” said Titan chairman and CEO Morry Taylor, “and we are pleased to enter into this agreement that assures Deere a supply of farm tyres. As the agricultural economy moves forward, the first year value of this contract should exceed over $100 million.” Titan did not specify which types of tyres it would supply, or if the deal included wheels. (Tire Review/Akron)

25th April 2008/by Tyrepress Editors

Pirelli Funded University Chair Established for Tyre Research

As part of plans first announced last year, the Pirelli Group has signed an agreement with Milan’s Politecnico di Milano University to jointly create a chair in “Chemical Foundations of Technology of Rubber and Composites” at the University. The new professorship is intended for the study of innovative materials and the application of nanotechnologies in the development of the next generation of tyres. As part of the agreement, Pirelli will also finance five grants for research Ph.Ds over a ten-year period at the “G. Natta” Department of Chemistry, Materials, and Chemical Engineering at the Politecnico di Milano.

23rd April 2008/by Tyrepress Editors

ING to Offer Customers an Exclusive Michelin Option

An agreement signed between corporate vehicle leasing firm ING Car Lease and Michelin in France will provide ING customers with the opportunity to exclusively select Michelin tyres for their cars. Michelin comments that the agreement breaks new ground in vehicle fleet management as, for the first time, a car lease operator will give its customers the opportunity to choose a single tyre manufacturer for as long as the car is used.

The tyre major reports that the balanced overall performance of its tyres was the decisive factor guiding ING Car Lease’s choice of Michelin and, in particular, the manufacturer’s Energy Saver line-up. Approximately 78 per cent of the 23,000 vehicle strong French ING fleet will include the tyre option.

21st April 2008/by Tyrepress Editors

Final Approval for Goodyear Retirement Fund Not Reached

Goodyear employees, union representatives and the tyre major will have to wait longer for a final settlement to issues relating to their 2006 strike action. US District Court Judge John R. Adams stated on April 11 that he needed more and better information on the long-term viability of the Voluntary Employees Beneficiary Association (VEBA), which was set up by the United Steelworkers and Goodyear as part of negotiations regarding the 85-day strike.

The US$1 billion plus independent healthcare trust is intended to pay benefits to approximately 30,000 USW member retired Goodyear employees, and Adams gave preliminary approval to the trust in December. Goodyear said it will pay $1 billion into the trust, after which it will no longer be responsible for retiree healthcare benefits. The tyre major expects to save $110 million a year and remove $1.2 billion in liabilities from its books through the VEBA’s creation.

14th April 2008/by Tyrepress Editors

Amtel-Vredestein – Agreement with SRT Not Yet Reached

Amtel-Vredestein reports that discussions between the company and Sibur-Russian Tyres, and parent company Sibur Holding JSC, are continuing. However, Amtel-Vredestein adds that no agreement has yet been reached. Furthermore, says Amtel-Vredestein, no offer has been either made or accepted by any party, therefore the full range of strategic and financial options available continue to be explored.

11th April 2008/by Tyrepress Editors

Reports: MRF to Manufacture Aircraft Tyres

MRF Tyres, one of India’s leading tyre manufacturers, is planning to produce aircraft tyres for planes and helicopters. According to local news reports, MRF has taken the initiative following aircraft manufacturer Boeing’s decision to sign an agreement with Tata Automobile Limited (TAL) Manufacturing Solutions, a wholly-owned subsidiary of Tata Motors to make structural components for the 787 Dreamliner. MRF is also said to be in the process of producing tyres for military helicopters.

10th April 2008/by Tyrepress Editors

Conti announces Tyre Supply Agreements with Scania, MAN

Continental and truck and bus manufacturer Scania have furthered their relationship by establishing a long-term agreement for Scania’s global tyre supplies from 2008 to 2010. The contract includes both truck and bus tyres and will grow the business in both segments. “As well as the positive growth of the European business, we have also entered the Brazilian market, securing the local tyre production by contracting significant volumes from 2008 to 2010,” says Markus Junk, key-account manager at Scania.

Conti has also renewed its supplier contract with MAN Nutzfahrzeuge AG for supply to the heavy truck segment. Running from the start of this year through to 2010, the agreement covers 19.5-inch tyres and above for heavy-duty trucks and buses. This is not the first renewal of the contract – three years ago, Continental and MAN extended their working relationship by 36 months. ”The continuation of the supplier contract is further confirmation of a long-standing and intensive partnership between the two firms”, said Heinrich Schmitz-Horsch, key account manager for original equipment in Continental’s Truck Tyres division.

1st April 2008/by Tyrepress Editors

Tyremen Seeking Partners to Share its Success

As 2008 gathers momentum the team at Tyremen report they are looking forward to a bright and busy few months. Having secured contracts with two of the industry’s best known names in the European wheel industry, the company is now looking for trade partners to share its success.

31st March 2008/by Tyrepress Editors

Indian Tyre Manufacturer Set To Take Off

Tyre makers and automobile component manufacturers in India are now venturing into the production of aircraft components. India-based MRF Tyres, Minda NTS and Sundram Fasteners are going ahead with plans to supply components to aircraft manufacturers.

17th March 2008/by Tyrepress Editors

US Firm Invests $25 Million in Bangladesh Tyre Plant

Leviathan Global Corporation, a US-based company, has signed an agreement to invest US$ 70 million in a tyre production plant and 50 megawatt power plant in Bangladesh’s Karnaphuli Export Processing Zone (KEPZ). According to initial reports $25 million will be invested in building a tyre production facility that will employ 300 local people. According to local new sources, the agreement was signed on 2 March 2008 at Bangladesh Export Processing Zones Authority (BEPZA) complex.

4th March 2008/by Tyrepress Editors

EWI Signs MOU for Tyre Facility

Environmental Waste International Inc. has signed a memorandum of understanding (MOU) with publicly traded Israeli company, TRD Instum Ltd. (TRD). The agreement sees the company move forward on plans to form jointly owned companies with the exclusive rights to EWI’s patented Reverse Polymerization technology in Israel and certain European countries. The MOU will remain in effect until the 30 May 2008 final agreement deadline.

The MOU requires TRD to place an order for a TR1500 reverse polymerisation machine. The TR1500 reduces tyres to carbon black, oil, steel and non-condensable gases. The agreement will include specific performance requirements for TRD to retain exclusive rights in Israel and the designated European countries. According to an official statement on the matter, the TR 1500 installation would be a showpiece for entering the European and Middle Eastern markets.

4th March 2008/by Tyrepress Editors

ATSE Takes on Cullimore Fleet Deal

Gloucester-based Moreton C Cullimore is fitting Michelin XZE2 and Remix XDY3 tyres across its fleet of 42 vehicles, as part of a new agreement with ATS Euromaster to supply, fit and service its tyres. The sand and gravel merchant also has daily fleet checks carried out by a mobile ATS Euromaster technician who monitors tyre condition for optimum safety and performance.

29th February 2008/by Tyrepress Editors

Kumho OE for Mercedes-Benz Viano X-Clusive

Kumho has entered into an agreement with Daimler AG to provide tyres for OE fitment to the new Mercedes-Benz Viano X-Clusive, the German manufacturer’s luxury MPV first displayed at last October’s Tokyo motor show and scheduled for release in March.

The new vehicle will be supplied with 18-inch alloy wheels as standard, and the agreement with Kumho will see around 10,000 tyres delivered. The Viano X-Clusive is the second Mercedes-Benz model to be supplied by the South Korean manufacturer – its tyres have also been fitted as OE to the A-Class since February 2007.

27th February 2008/by Tyrepress Editors

Michelin Expresses “Satisfaction” Over Toul Factory Agreement

In a statement dated February 18, Michelin has “expressed its satisfaction” following an agreement reached between the company and labour unions. According to Michelin, this agreement enables the “continued deployment of support measures for employees at the Toul plant in conditions that are conducive to moving the discussions forward.”

19th February 2008/by Tyrepress Editors