Alliance Archives - Page 17 of 21 - Tyrepress

Tag Archive for: Alliance

USW, Unions in Canada and Europe Explore ‘Super-Union’

(Akron/Tire Review) Globalisation is happening everywhere. On April 18 the United Steelworkers (USW), Amicus and the Transportation & General Workers Union (T&GWU) of the United Kingdom began considering a possible merger, one that would create a labour union covering four countries and some 3.4 million members.

Representatives of the three trade unions – representing workers in the U.S., Canada, the U.K. and Ireland – signed an agreement in Ottawa establishing a merger committee. Within one year, the committee is expected to develop merger plans to create one super-union.

USW said the deal follows a “strategic alliance” between Amicus and the USW two years ago. Further, Amicus and T&GWU will already merge May 1, creating Unite, a union with some 2 million members. By contrast, the USW claims 850,000 members.

20th April 2007/by Tyrepress Editors

Hayes Lemmerz to Formalise Russian JV

Hayes Lemmerz International Inc plans to transform its technical alliance for the licenced manufacture of passenger car steel wheels in Russia into a formal joint venture over the next couple of years.

7th March 2007/by Tyrepress Editors

Bandag Positive Despite 2006 Complications

Bandag EMEA has released a press statement in which they describe their outlook for 2007 as ‘optimistic’. Despite what the company describes as a difficult year for the business unit, with setbacks including the loss of their major fleet customer GE TIP, Bandag believes this year will be one of opportunities, with the growth of their dealer base in 2006, which reached 5.8 per cent, continuing this year.

21st February 2007/by Tyrepress Editors

Ceat OE Supplier for Global Automobiles PVT Ltd

CEAT Ltd. has wrested the rights to become the official OE Supplier for Global Automobiles PVT Ltd. In keeping with the requirements of the Indian Market, Global Automobiles PVT Ltd plans to enter the market with three variants of their two-wheeler product, that is, 100cc, 125cc, 150cc motorcycles.

A joint venture to set up this two-wheeler project at Chinsura in Hooghly district was signed between the city-based Global Automobiles Pvt Ltd, a wholly owned subsidiary of the Xenitis Group and Guangzhou Motors Company of China in November 2005.

15th February 2007/by Tyrepress Editors

Pirelli Forges Links with Vacu-Lug

Pirelli UK Tyres Ltd is joining forces with Vacu-Lug, the UK’s largest independent retread manufacturer, in a strategic alliance that stands to strengthen the position of both companies.

12th January 2007/by Tyrepress Editors

Future Looking Brighter

With 2006 proving to be a tough year for the North American tyre industry, Continental AG Chief Executive Manfred Wennemer believes that things look set to improve in 2007.

Speaking to media at the North American International Auto Show, he pointed towards declining raw material costs, a potential upswing in replacement demand and reduced operating costs as signs of better times. “I am convinced 2007 will be a good tyre year” said Wennemer. “We do see there is some demand for the market that was not satisfied in 2006.”

9th January 2007/by Tyrepress Editors

More Details of Navistar – Double Coin Deal

(Akron/Tire Review) Citing the effects of a global shortage on commercial truck tires, Navistar has opted to add China-made Double Coin radial truck tires to its OE mix. Navistar signed a deal with China Manufacturers Alliance to put Double Coin radials on “several platforms” of its Class 4-8 International vehicles and IC Corp. buses.

The move marks the first time that a China-produced truck tire has earned an OE position with a major North American truck producer.

8th January 2007/by Tyrepress Editors

Exec Director quits Balkrishna, Plans to Purchase Alliance

Former Balkrishna Industries Ltd executive director Yogeshkumar (Yogesh) Mahansaria and his brother Ashokkumar have reportedly quit the fast-growing Indian tyre producer, citing “family differences” as the reason. Yogesh has now teamed up with US equity firm Warburg Pincus to Acquire Israel’s Alliance Tire for US$45 million.

Alliance has been in negotiations with the two buyers, and the transaction is expected to be completed before June. The Alliance purchase forms part of a new venture that Yogesh Mahansaria has been quoted as saying he intends to float in the near future.

4th January 2007/by Tyrepress Editors

Herman Trend Alert: Manufacturers Being Squeezed

(Akron/Tire Review) In the United States and elsewhere, structural (non-wage) costs for manufacturers, as a percentage of the total costs, are continuing to rise. According to a study released in September by the U.S. National Association of Manufacturers (NAM), The Manufacturing Institute and the Manufacturers Alliance/MAPI, structural costs increased from 22.4% to 31.7% of the total costs, compared to similar costs for similar companies in nine trading partner countries in 2003. “(This) sharp rise in these non-wage costs represents a significant and long-term problem for our nation’s manufacturers and America’s economy,” said John Engler, president of the NAM.

1st December 2006/by Tyrepress Editors

Lexani Names Two Exclusive Distributors

(Akron/Tire Review) Lexani has selected two exclusive US regional distributors for its Lexani high performance tyre line. Terry’s Tire Town, based in Alliance, Ohio, will offer the line in Ohio, Maryland and Virginia, while Wheel City Wholesalers, based in Eagan, Minn., will cover Minnesota, North Dakota, South Dakota and Wisconsin. “The Lexani name on a line of tyres fits in perfectly with our target market,” said Chad Murphy, president of Wheel City Wholesalers. “It is also the only brand of performance tires we have an exclusive on in our territory. The Lexani tyre line is one we expect our dealers to be able to sell profitably as a high quality premium brand.”

20th November 2006/by Tyrepress Editors

Warburg Pincus to Buy Control of Alliance Tire

Alliance Tire Co. ltd. has announced that international private equity fund Warburg Pincus is interested in acquiring the 80 per cent controlling interest in the company from Fishman Holdings at a value of $348 million. Warburg Pincus has invested $20 billion in 525 companies.

16th October 2006/by Tyrepress Editors

Alliance Major Shareholder Agrees to Sell Up

Alliance Tire Co. ltd. has announced that Eliezer Fishman has signed a memorandum of understanding (MOU) to sell his direct and indirect holdings in the company to a group of investors at a price reflecting a company value of $48 million, 20 per cent above its market capitalisation. In the MOU Fishman promises not to negotiate with third parties for 10 weeks. During this period the buyers will conduct due diligence and complete negotiations for buying the shares.

13th October 2006/by Tyrepress Editors

Need Forklift Tyres?

Kirkby Tyres reports that it has been involved in the supply of forklift truck tyres for around 40 years. The company is sole UK agent for Double Coin radial products and Armour Crossply industrial tyres, which are normally sold complete with a tube and flap.

15th August 2006/by Tyrepress Editors

Arnco Gets Deal With ACTN Member Dealers

(Akron/Tire Review) Tire-fill maker Arnco will provide its polyurethane flatproofing material to the American Commercial Tire Network (ACTN), a buying group representing a group of commercial tyre dealers. Founded in 1999, ACTN is an alliance of 17 independent commercial tyre dealers located in 41 states and with more than 75 retread plants and 320 service locations.

27th July 2006/by Tyrepress Editors

Alliance Tire Wins $4 million Caterpillar Contract

Alliance Tire Co. ltd. has signed a supply contract with Caterpillar Inc., the world’s largest manufacturer of heavy engineering equipment. Alliance Tire expects the contract to generate $4 million revenue through December 2007. According to Alliance, the relationship could create other business opportunities for the company and help it penetrate new markets.

14th July 2006/by Tyrepress Editors