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Former Deutsche Bank CEO Joins Amtel-Vredestein

Amtel-Vredestein N.V. has named Hubert A. Pandza as an independent director of the company’s supervisory board. The announcement was made at the company’s annual general meeting held in Amsterdam 26 June.
Mr Pandza is the outgoing Business Group Director of EBRD and a former executive of Deutsche Bank, Moscow. He had headed EBRD’s Russia & Central Asia Business Group and the Group for Small Business from the company’s London Headquarters since 2002. Previously, he worked for over 25 years at various posts in Deutsche Bank, including the position of CEO of Deutsche Bank, Moscow.

7th July 2006/by Tyrepress Editors

Hayes Lemmerz Invests In India

Hayes Lemmerz is to build new facilities at its plant in Pune (200 kilometres south of Mumbai) where it currently produces steel truck wheels. The joint venture factory is 85 per cent owned by Hayes Lemmerz with Indian company Kalyani (one of the largest suppliers of automotive components, especially castings) as junior partner.

7th July 2006/by Tyrepress Editors

Continental Investing in Romania Tyre Distribution Centre

(Akron/Tire Review) Continental AG is working with German air-freight specialists Dietrich-Honold Logistik and Honold Logistik Group has started the construction of a tyre distribution centre near Timisoara, Romania. The centre is planned to service Eastern Europe and Central Asia.

3rd July 2006/by Tyrepress Editors

Goodway Building Recognition

Since being founded in 1990, Goodway Rubber Industries Sdn Bhd has made deep inroads into the highly established rubber industry. Company spokesman Raymond Lee described Goodway’s recent appearance at the Reifen 06 exhibition as the company “standing tall among the biggest industry names at the internationally acclaimed fair,” adding: “we made quite an impact with our various brands and offerings”.

30th June 2006/by Tyrepress Editors

Goodyear To Close New Zealand Tyre Plant

Goodyear Tire & Rubber Company is taking steps towards closing a New Zealand tyre plant. The news is part of a series of cost-cutting measures (including European job cuts) that Goodyear is enforcing around the world. Goodyear said the move was “part of its strategy to reduce high-cost manufacturing capacity globally.”

30th June 2006/by Tyrepress Editors

Filling Niches

On the back of record net profits of 15.6 million Singapore dollars, Stamford Tyres plans to further strengthen its position through European expansion plans. As far as products are concerned, Stamford representatives told Tyres & Accessories that the company will continue strong sales of its “major brands,” (Falken, Dunlop and Continental) but also plans to further develop its range of proprietary tyres (Sumo, Firenza etc), while doubling its alloy wheel production capacity.

29th June 2006/by Tyrepress Editors

Stamford Tyres Reports Record Net Profit for FY 2006

(Akron/Tire Review) Stamford Tyres Corp. announced record net profit of 15.6 million Singapore dollars for the financial year ended 30 April, an 80.8 per cent growth over the S$8.6 million (£2.957 million) recorded in 2005. Revenue grew 32.4 per cent, to S$253.2 million (£87 million), the company said.

27th June 2006/by Tyrepress Editors

Michelin Pilot Preceda – Built for Asian roads

Far Eastern news sources are reporting that Michelin has launched its Pilot Preceda PP2 in Asia, a tyre designed especially for markets like China. Yang Sai Hoi, general manager of Michelin Asia (Singapore) Co. said the secret of the PP2’s performance is Michelin’s True Sport Tire (TST) construction, toting high shoulder reinforcement, joint-less nylon caps and full-width steel beltlines, resulting in enhanced response and handling.

21st June 2006/by Tyrepress Editors

Quiet Performer? Goodyear India

International News

(India/Rubber Asia) Goodyear India is quietly getting into the news again. After years of lack-lustre performance, the company is making rapid strides in select segments and is charting out aggressive growth strategies. Antonio M.Capellini, chairman and managing director of Goodyear India, has reason to be happy. Despite severe competition from multinational and local brands, the company has carved out a niche market for itself. In the OTR tyre segment it’s the market leader in the country. With an 18 per cent market share in the passenger car radial segment, it is the only tyre company in the country approved by all car manufacturers for OEM supplies.

19th June 2006/by Tyrepress Editors

Apollo Tyres Considers More EU Acquisitions

Apollo Tyres, is reportedly planning acquisitions in Europe and South East Asia in the current financial year. “We will be interested in acquiring companies that will synergise the group’s expertise in the areas of manufacturing, overseas markets and new technology,” Neeraj Kanwar, joint managing director, Apollo Tyres, told India Business Line.

Acquisition will also be a strategy to increase the proportion of radialisation in the company’s truck and passenger car tyres. In January, the company acquired South Africa-based tyre manufacturer Dunlop Tyres international, a radial tyre manufacturer for roughly £36 million, 50 million euros.

15th June 2006/by Tyrepress Editors

ECI International – Three Shows, One Company

ECI International are regular exhibitors at Essen and this year the company had no fewer than three of its own shows to promote – Tyrexpo Africa (Johannesburg, September 2006), Brityrex International (Manchester, May 2007) and Tyrexpo Asia (Singapore, September 2007).

So how was the Essen exhibition? ECI International managing director Paul Farrant was delighted with the response, saying: “Reifen 06 was tremendous for us, as it always has been in the past, but this time, with three shows to promote, we were kept busy from start to finish.”

14th June 2006/by Tyrepress Editors

Rapra Technology Names New Vice President, Managing Director

(Akron/Tire Review) Rapra Technology, a wholly owned European subsidiary of the Smithers Group, an independent testing, consulting and research organization, has announced the appointment of Hugh D. Pace as vice president and managing director.

Pace succeeds Andrew Ward, who has left the company to pursue other interests. Pace spent the past 30 years in senior executive positions at the Goodyear Tire & Rubber Co.

6th June 2006/by Tyrepress Editors

MRF Drivers Win Asia Pacific Rally Stage

Katsuhiko Taguchi and co-driver Mark Stacey of Team MRF Tyres recently won the New Caledonia round of the FIA Asia Pacific Rally Championship (APRC), which consisted of two super special stages and rough stages. Their Mitsubishi Lancer EVO VIII finished a remarkable six minutes and 26 seconds ahead of the second-placed Mitsubishi of Rifat Sungkar, from Indonesia.

10th May 2006/by Tyrepress Editors

Hankook Signs 100 Million Euro Loan in Hungary

Hankook Tire has signed a term loan agreement for 100 million euros to finance its new manufacturing plant in Hungary. The agreement was signed on 4 April at the Intercontinental Hotel in Budapest, Hungary. Taking part in the signing ceremony were president of Hankook Tire European Regional Headquarters Suh Seung-hwa, vice president of finance Lee Jong-cheol, head of Hankook Tire Hungary Lee Eung-yong and representatives from 11 Korean and foreign banks.

21st April 2006/by Tyrepress Editors

GPX Completes Purchase of MITL

GPX International Tire Corporation (GPX), has purchased Maine Industrial Tire Limited (MITL) of Gorham, Maine. MITL is a leader in the design and manufacture of premium quality solid industrial tyres which are sold under the Maine and ITL brands. In addition, MITL produces and markets a line of solid tires for use on skid steers and loaders under the Brawler brand.

19th April 2006/by Tyrepress Editors