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Mark Griffiths joins Continental UK communications team

Career Tracks, Company News, News, UK News

Continental Tyre Group Ltd has appointed Mark Griffiths as communications assistant to work alongside communications manager, Laura Hardy within this newly created role, covering all aspects of the brand’s public profile.

Griffiths 24 recently returned from a year living in Paris teaching English. Before this, he studied for his BA Journalism degree in 2008 graduating with 1st class honours, going on to complete his MA in Automotive Journalism in 2010 with Merit.

18th October 2011/by Tyrepress Editors

Hankook ready for 12M unit capacity in Hungary

Work on phase two of Hankook Tire’s Rácalmás plant in Hungary is now complete. The tyre maker began its project to expand the plant in September 2009 and produced its first ‘phase two’ tyre in November 2010; now the Rácalmás factory is gearing up to produce 12 million tyres per annum and boasts a workforce of 1,900.

17th October 2011/by Tyrepress Editors

Partnership the ‘next stage’ in TGI growth

US based private equity fund Transportation Resource Partners, who focuses on investing in growth-oriented businesses in the transportation sector, has entered into a partnership with Tire Group International, Inc. and the McLarty Companies, who are active in the transportation and automotive retail and distribution sectors. While financial details of the deal between the tyre wholesaler, McCarty and the $245 million private equity fund have not yet been disclosed, Tire Group International CEO Tony Gonzalez says he is positive about his company’s joint future with its new partners.

13th October 2011/by Tyrepress Editors

TRW introduces new “hybrid” TPMS

TRW Automotive Holdings has launched what it calls a next generation tyre pressure monitoring system (TPMS). This system uses sensors that are fixed on the tyres for measuring the temperature and pressure inside the tyre.

The technology is based on a hybrid direct system which uses a combination of sensing technologies to provide automatic location of an under-inflated tyre. This data is then combined with the data from the vehicle’s ABS wheel speed sensors and the driver is notified about the location and about the tyres that may have low pressure.

13th October 2011/by Tyrepress Editors

2011 a bumper year for graduate recruits at Conti

Earlier this year, Continental announced it would hire around 1,500 university graduates and young professionals for its global operations. The German tyre and automotive technology maker ended up hiring more than three times this amount – Continental reports that some 5,500 graduates and young professionals joined its ranks during the course of the year. This intake represents a substantial increase over last year, and Conti says hiring a larger number of graduates is part of its “ongoing efforts to invest in fresh knowledge and new ideas” which will, in turn, increase its innovative prowess.

13th October 2011/by Tyrepress Editors

SEMA to receive US export development grant

The US Department of Commerce named the Specialty Equipment Market Association, or SEMA, as one of the five recipients of its Market Development Cooperator Program (MDCP) for 2011. As a result, the trade association will receive US$500,000 in matching funds over the next three years to support US manufacturers that export automotive specialty-equipment products to booming emerging international markets. The grant is intended to stimulate US exports of specialty-equipment products as part of the Administration's National Export Initiative, which aims to double US exports by 2014 in support of several million US jobs.

10th October 2011/by Tyrepress Editors

Venture provided £37.5 million for Unipart deal

Company News, UK News

Venture Finance provided a funding line of £37.5 million to finance H2 Equity Partner’s recent acquisition of a controlling stake in Unipart Automotive. And what’s more there is said to be “increased appetite for structured private equity deals.”

6th October 2011/by Tyrepress Editors

SIP launches ‘Big Winter Sale’ event

Leicestershire based tool and equipment distributor SIP Industrial Products Limited recently launched its 'Big Winter Sale Event' which incorporates significant discounts on over 400 SIP branded products for many market sectors including the automotive sector.

5th October 2011/by Tyrepress Editors

Unipart and H2 Equity complete deal

Company News, UK News

Unipart Group and H2 Equity Partners have officially completed the previous announced deal that sees H2 acquire a controlling stake in Unipart Automotive, one of the UK’s largest independent suppliers of car parts, workshop consumables and garage equipment.

4th October 2011/by Tyrepress Editors

Stapleton’s and Kwik Fit to share central HQ?

Kwik Fit has announced that its new parent company (Itochu) is considering moving its retail head office to Letchworth, raising questions about what this means in practice. Could it even mean putting the two businesses into the building that is currently the home of the wholesale wing – Stapleton’s Tyre Services? When questioned on the subject, the relevant spokespeople told T&A it was too early to say.

3rd October 2011/by Tyrepress Editors

HiQ Bridgend “bouncing back” with HiQ

A Bridgend garage that lost £10,500 worth of equipment to thieves is bouncing back after joining the HiQ network. Waterton Tyre Services now has the fast-fit franchise’s black and white branding above its forecourt, following a £60,000 investment. The garage, based in Waterton Industrial Estate, was robbed at the start of the year after just five months of trading in the town.

30th September 2011/by Tyrepress Editors

HD Booster takes jump starters to a ‘higher level’ says Winntec

Jump starters are considered by many to be a necessary piece of in kit modern workshops, and Winntec Europe opines that any jump starter is only as good as the performance of its charger. By combining these two items in one unit, Winntec believes it has developed a ground-breaking product – its all-new HD Booster for cars, trucks, other heavy vehicles and machinery. In announcing the HD Booster’s launch, the company says it has taken the concept of professional jump starters to an “even higher level of efficient performance.”

30th September 2011/by Tyrepress Editors

Conti appoints new personnel director

Continental AG has appointed Elke Strathmann its new director of Personnel and appointed her a regular member of the company’s Executive Board. The tyre and automotive supplier says the 53-year old mathematician and human resources manager will take up her three-year contract position during the first quarter of 2012. Current Executive Board member for human resources, Heinz-Gerhard Wente, will henceforth concentrate on his duties as head of the ContiTech division plus take on responsibility for corporate purchasing in the Executive Board.

29th September 2011/by Tyrepress Editors

A1 reports 2010 battery sales buoyed by severe winter

A1 Motor Stores, whose battery range includes the Yuasa, UK Batteries and Easystart brands, reports that 2010 was an “exceptional year for battery sales.” The company believes strong sales last year were pushed in part by a double-whammy winter that delivered severe weather both before and after Christmas: Cold weather, A1 points out, accelerates the demise of a ‘tired’ battery as the electro-chemical reaction slows and performance is reduced as the temperature plummets.

28th September 2011/by Tyrepress Editors

Schaeffler to become public company

As a step towards achieving capital market viability, major Continental shareholder Schaeffler is to be transformed into a public company. The decision for the privately-owned Schaeffler GmbH to become Schaeffler AG (Aktiengesellschaft) – an entity similar to a British public limited company – was announced by Supervisory Board chairman F.W. Schaeffler on September 26. The stock corporation is expected to be entered into the commercial register in October and Schaeffler Group operations will henceforth be managed by an Executive Board.

27th September 2011/by Tyrepress Editors