Brodsky Group Withdraws from Alliance
After lengthy negotiations The Harvey Brodsky Group has decided to withdraw its offer to purchase 51% of the stock of Alliance Tire, Israel.
Posts
Brodsky Bids For Alliance
Product NewsHarvey Brodsky, best known for his involvement with Tire Retread Information Bureau (TRIB), has made a 50 million dollar bid to buy 51 per cent of Israel-based Alliance Tire Co. Alliance has issues a memorandum of understanding and the due diligence process is under way. At the conclusion of the due diligence period either party has the option to walk away from the proposal.
Alliance Between Cooper And Pirelli To Be Restructured
Product NewsThe three-year-old alliance between Cooper and Pirelli is to be restructured to improve competitiveness. Pirelli has said that it will resume responsibility for sales and service of the Pirelli brand in the US. Cooper will continue to manufacture selected Pirelli products in the US. The original agreement in February 1999 was for Cooper to manage the distribution and sales of passenger and light truck tyres in the replacement markets of the US, Canada and Mexico.
Alliance Between Honeywell And GT Petrochem
Product NewsLeading polyester producer Honeywell Performance Fibers is forming an alliance with Indonesian tyre cord manufacturer GT Petrochem Industries. The aim is to link Honeywell’s polyester fibre product line with GT Petrochem’s conversion facilities to provide a world class tyre cord fabric to the global tyre industry. The two companies have been working closely together since 1996 and the alliance will ensure the supply of quality tyre reinforcement products at competitive prices.
Exclusive Distribution of Alliance
Product NewsGerman wholesaler Bohnenkamp (Osnabrück) has been the exclusive distributor for the Israeli agricultural tyre manufacturer Alliance in Germany, Austria, Poland, Hungary and Czech Republic since the beginning of July. With this step Bohnenkamp intends to underline its leading position in the distribution of imported tyres. The company has been chosen by Alliance due to its elaborate distribution network and flexible logistics. Alliance offers more than 500 different sizes in the agricultural, MPT-, EM- and industrial tyres sectors and presents – in the neighbourhood of Bohnenkamp – a completely renewed product range with many new profiles and dimensions.
Restructuring For Smartire Strategic Alliance
Product NewsSmart tyre technology market leader Smartire has announced a restructuring of its strategic alliance with TRW. Elements of agreements entered into during the research and development process in 1998 will be cancelled. Smartire is to pay TRW $3.3 million (3.7 million Euro) in cash and debt in regard to the transaction. TRW will continue to hold a considerable equity in Smartire, but the restructuring of the alliance will allow both companies to fully pursue a wide range of global market opportunities.
“Sam” Gibara Joins SRI Board
Company News, International News, Product NewsSamir G. Gibara (61), chairman and chief executive officer of The Goodyear Tire & Rubber Company, has been elected to the board of directors of Sumitomo Rubber Industries Ltd. in Kobe, Japan. Gibara’s election is in conjunction with Goodyear’s 10 percent ownership of SRI, following the companies’ global alliance, completed in September 1999. This ownership makes Goodyear SRI’s second-largest shareholder. SRI holds 1.4 percent of Goodyear’s common stock.
Strategic Alliance Among Auto Aftermarket Companies
Product NewsFour companies – SKF, Tenneco Automotive, TRW and Valeo – have signed a memorandum of understanding to develop plans to enhance the services offered to their European automotive aftermarket customers. The companies will investigate opportunities to share skills and resources in the fields of training, technical support services and logistics, especially transportation. The four companies will remain independent. Any alliance between the companies resulting from the initial investigation will be subject to the necessary government approvals.
100,000 Tyre Inflation Brochures In The USA
Product NewsBridgestone/Firestone and the Tire Retread Information Bureau (TRIB) are co-sponsoring the distribution of over 100,000 tire inflation brochures at the Commercial Vehicle Safety Alliance (CVSA) “Roadcheck 2001” program to be held throughout north America June 5-7, 2001. The four page brochure titled “What are the high costs of low air pressure” is entirely non-commercial and originally appeared in Bridgestone’s tire topic magazine, Real Answers. The brochures will be distributed by highway patrol officers at weight stations in all fifty states and U.S. territories, and all Canadian provinces and territories, as part of CVSA’s program to heighten truckers’ awareness of the importance of maintaining proper air pressure.
Telecom Italia Deal “Could Lead To Pirelli Merger”
Product NewsThere are reports in the press that the recent deal whereby Pirelli acquired control of Telecom Italia, could result in some sort of merger, perhaps even a three-way alliance between Pirelli, Olivetti and TI. Pirelli Chairman Marco Tronchetti Provera says that “the structure above Telecom Italia needs to be simplified” but he could say no more until all options had been studied and evaluated.
Bridgestone Links Up With French Antivibration Specialist
Product NewsBridgestone has announced the formation of a strategic alliance in antivibration automotive components with Paulstra, the automotive antivibration sector of Hutchinson, a subsidiary of TotalFina in France. The objective of the alliance is for both companies to jointly develop new antivibration products at both the companies manufacturing plants around the world.
Stahlgruber Forms Best Enterprise Alliance
Product NewsOver the years the Stahlgruber group and its international subsidiaries has sold tens of thousands of items of capital equipment to the tyre industry. The company feels that consolidation in the equipment manufacturing industry has led to a narrowing of sourcing opportunities and a consequent adverse effect on price and customer choice. The answer was to form a ‘Best Enterprise Alliance’ in which a number of companies group together to form a product range, based on their individual areas of expertise. These companies are Stahlgruber, Butler (the Stahlgruber-owned manufacturer of tyre changers), Cemb, Hunter and Rotary Lifts. Butler will make a range of tyre changers, called Promont, and Cemb a range of wheel balancers, called Probalance, which will be exclusive to Stahlgruber and its subsidiaries. Hunter wheel alignment equipment and Rotary lifts will also be sold. Stahlgruber will continue to sell Butler tyre changers alongside the Promont range. Further information on what the alliance means to the companies involved, and of the ‘own name’ ranges of machines can be found in TYRES & ACCESSORIES 6/2000.
New President For Alliance
Product NewsZwika Meiri is to succeed Yinon Esroni as President of Alliance Tire Co. (Hadera/Israel) within the few next weeks.
Alliance Tire Leaves Petach-Tikva
Product NewsIsraeli company Alliance Tire is to close its Petach-Tikva plant (Tel Aviv). Production will continue in the second Alliance factory at Hadera.
Strategic Global Alliance Of Cooper And Nishikawa
Product NewsCooper-Standard Automotive of the Cooper Tire & Rubber Company (Findlay/Ohio, USA) and Nishikawa Rubber Company (Hiroshima, Japan) are to strengthen their strategic global alliance.
