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T&A Expands Global Consortium

Canada’s Tire News and Pneu Mag, published by Publications Rousseau & Associes, have joined the global tyre publication consortium formed by Europe’s Tyres & Accessories and Neue Reifenzeitung with America’s Tire Review nearly a year ago.

With the addition of the Canadian magazines, which cover all aspects of Canada’s tyre industry from coast to coast, the consortium now encompasses eight highly respected tyre publications. Besides Tire Review, Tyres & Accessories and Neue Reifenzeitung, the group includes Southern Africa Treads (South Africa), Rubber Asia (India) and Australian Tyre Dealer (Australia).

22nd November 2005/by Tyrepress Editors

Continental Automotive Systems Expands in Asia

Continental Automotive Systems is opening its new headquarters in Shanghai China today, and has announced plans to build a new technology centre in Yokohama, Japan creating 250 new engineer positions.

By the year 2010, the Automotive supplier intends to generate at least 50 per cent of its new sales through agreements with non-European automobile manufacturers. It wants to double sales in Asia and is therefore intensifying its presence to strengthen its
position in this growth market.

21st November 2005/by Tyrepress Editors

Alcoa Organisation Changes

Alain Belda, chairman and CEO of Alcoa has announced the retirement of Richard B. Kelson, chief financial officer and EVP. Joseph C. Muscari will succeed him in the role, effective 1 January 2006.

“Rick Kelson has been an integral part of Alcoa’s success over the past three decades,” said Belda. “We are sorry to lose him, but I am pleased that he has agreed to stay on well into next year to help provide for a smooth transition.” Mr Kelson will become chairman’s counsel in January and will continue to advise the company on the transition.

17th November 2005/by Tyrepress Editors

Maxxis to Construct New R&D Centres in Asia and US

Maxxis is planning to complete construction of three new technical centres in Asia and the US in the next eight months. Construction is complete on the first new centre, near Shanghai, China.

Here workers are reportedly putting the finishing touches on the six-story, 143,182-square-foot facility, which will employ 200 engineers. Plans are also underway for construction of a proving ground, expected to open in 2008.

16th November 2005/by Tyrepress Editors

Cooper Sees 3Q Results Fall

Driven by operating losses in all of its tyre units, Cooper Tire & Rubber Co finished the third quarter with a net loss of $1 million and sales that nudged just 1 per cent over last year’s results. Analysts described the company’s third quarter as “challenging” and warned that there are “more headwinds to come.”

For the quarter, Cooper posted sales of $558 million, up 1 per cent against the same period in 2004. The net loss, said Cooper, came as a result of lower unit sales, higher raw material costs, and “higher reported interest expense.”

10th November 2005/by Tyrepress Editors

Goodyear Expands Dunlop Direzza Brand

(Akron/Tire Review) Goodyear Tire & Rubber Co is expanding the Dunlop brand Direzza tyre line by launching two new Direzza race tyres and new sizes of the Direzza DZ101.

9th November 2005/by Tyrepress Editors

Is Conti Eying Goodyear Unit?

(Akron/Tire Review) Continental AG is considering the purchase of Goodyear Tire & Rubber Co’s engineered products business. Conti CFO and Continental Tire North America President Alan Hippe told German media last week that such an acquisition would be a good fit. “We will look at that. That is for sure,” Hippe said. “But I have to state here that our major priority is to grow in automotive systems.

9th November 2005/by Tyrepress Editors

B-Quik – Tyre retail service Thai style

International News

Here’s a question for you – which tyre retailer has 42 outlets in the capital and in November opened the 43rd on a Tesco hypermarket, making this the 10th centre on a Tesco forecourt?

The answer is B-Quik, of Thailand and the capital city is, of course, Bangkok. For many people in Europe, the first they heard of the name was during the period when the Ford Motor Company was going through its “showroom to scrapyard” phase and it bought Kwik-Fit in Europe and B-Quik in Thailand.

4th November 2005/by Tyrepress Editors

Kazakstan President Visits InterKomShina

International News, Product News

The President of Kazakhstan, Nursultan Nazarbayev, has visited InterKomShina JSC in Shymkent, South Kazakhstan. This company is engaged in the production of tyres for light vehicles and road freighters, agricultural machines and special equipment. InterKomShina claims to be the only tyre manufacturer in central asia.

3rd November 2005/by Tyrepress Editors

Tyre World: Sourcing in the Far East

For Tyre World this year’s Tyrexpo Asia demonstrated just how important the “rendezvous” side of tyre exhibitions can be. Burkhard Fuhrmann, managing director of the German wholesaler, says that it was much, much easier to get into contact with potential Asian business partners at Tyrexpo compared with the Essen Reifen show.

2nd November 2005/by Tyrepress Editors

Performance Fibers Buys Out Chinese JV Partner

Performance Fibers today announced that its Asian subsidiary has signed an agreement that will give it full ownership of the company’s operations in Kaiping, China. The subsidiary, Performance Fibers Asia, LLC (PFA), has signed an agreement with Guangdong Kaiping Chunhui Co Ltd (Chunhui) to acquire Chunhui’s 30 per cent equity share in Performance Fibers Kaiping Company Limited (PFK).

1st November 2005/by Tyrepress Editors

JK Tyre to Invest 1.2 billion Rupees in Radial Tyre capacity

(India/Rubber Asia) JK Tyre chief RP Singhania recently announced that his company plans to increase annual production of truck and bus radials to 1.5 million units by 2010. At the same time Mr Singhania spoke of his confidence that India’s road infrastructure “is getting better now.”

JK Tyre told local media that the company plans to invest 600 million rupees in alternate years in its Mysore (South India) plant to increase the capacity from its current annual capacity of 370,000. JK currently holds an 85 per cent market share in the radial tyre segment.

28th October 2005/by Tyrepress Editors

Goodyear to Invest $18 Million on Expansion in India

(Akron/Tire Review) Goodyear Tire & Rubber Co said it will invest $18 million in the company’s Indian operations next year. The investment, according to Goodyear, will be used to upgrade technology and increase production capacity for passenger tyres.

25th October 2005/by Tyrepress Editors

Continental to Invest up to £27 million in Malaysia

Continental AG is planning to spend between £22 million and £27 million on equipment and machinery at its plants in Malaysia, the company’s director of marketing and sales for passenger car replacement Europe Jurgen Schmidt told the Malaysia Star newspaper.

19th October 2005/by Tyrepress Editors

Michelin Reorganises Top-Level Personnel

Hervé Coyco, Michelin Group Executive Council member responsible for worldwide car sales, will takeover responsibility for the running of Michelin’s Asia Pacific operations from Jean-Marc Francois. Francois is taking a year out to complete an MBA course before returning to the company in order to pursue other leadership positions.

18th October 2005/by Tyrepress Editors