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Idled Dunlop India Workers Declare Hunger Strike

Operations at Dunlop India’s Sahagunj facility have remained idle since last November, and in an attempt to coerce company management to resume production some fifty employees and their families commenced a hunger strike on July 16.

“Fifty workers will continue the relay hunger strike till July 20. From July 22 the workers, accompanied by their family members, will go on a fast unto death. Our demand is that the plant has to be opened and production started immediately,” spokesperson Bidyut Raut said.

16th July 2009/by Tyrepress Editors

CITExpo: Teijin Aramid Aiming to Become Leading Aramid Supplier

Teijin Aramid will be continuing to pursue its aim of becoming the leading and preferred aramid supplier from booth 3106 at CITExpo. Its products include Twaron, the synthetic fibre made from aramid polymer, which can be found in a comprehensive range of products including protective clothing, ballistic vests and helmets, tyres, hoses, composites, conveyor belts, optical fibre cables, transmission belts, gaskets, brake linings and clutch facings. The company says that it anticipates sustained across-the-board expansion in all sectors.

In the tyre industry, Teijin Aramid provides Twaron- and Technora-dipped tyre cord and anti-puncture fabric for tyre reinforcement. It also provides Technora-dipped chopped fibre and Sulfron product for tyre compounds. Teijin Aramid is a member of the Teijin Group, a global, technology-driven company, listed on the Tokyo Stock Exchange with a market capitalization of $4.2 billion. Teijin’s consolidated turnover amounts to $8.5 billion. It has approximately 19,000 employees worldwide.

14th July 2009/by Tyrepress Editors

CLEPA Elects New President

A unanimous vote at the annual general meeting of the European Association of Automotive Suppliers (CLEPA) has seen Peter Tyroller elected its new president. He will commence his two-year term with the representative organisation on January 1, 2010, succeeding Giuliano Zucco.

Tyroller has been a member of the board of management of Robert Bosch GmbH since 2006, where his responsibilities include original equipment sales, corporate marketing, and the automotive aftermarket.

13th July 2009/by Tyrepress Editors

Bridgestone Receives Volkswagen Group Award

Bridgestone Corporation has been awarded the Volkswagen Group Award 2009 in recognition of its performance as a supplier and business partner to the vehicle manufacturer. The award was presented by Dr. Francisco Javier Garcia Sanz, member of the Volkswagen AG Board of Management, at a ceremony at Volkswagen’s “phaeno” Science Center in Wolfsburg, Germany, on 18th June 2009. The award was received by Mr. Y Ryuto, vice president & officer, Original Equipment Tire Sales, Bridgestone Corporation.

6th July 2009/by Tyrepress Editors

Continental: Women Show More Interest in Hybrid Technology

New research conducted by Continental AG suggests female drivers are more interested in Hybrid Technology than men. In 2007 less than a third (61.6%) of all female motorists surveyed knew anything about hybrid technologies. This percentage grew to around 75 per cent in 2008 and stood at 79 per cent this time.

6th July 2009/by Tyrepress Editors

Punch sells BBS and Punch Metals

Some four months after Punch International nv, parent company of wheel manufacturer BBS, described automotive industry market conditions as “extremely difficult”, it has announced the sale of its BBS and Punch Metals BBS and Punch Metals businesses, which belong to the company’s Motive group. This significant part of Punch International’s automotive business will be acquired by Creacorp nv, Punch’s main shareholder. Punch will retain ownership of the BBS brand, however the transaction gives rise to a one off non-cash loss of around 48 million euros. In return, Creacorp nv is taking over a number of obligations, such as the rental guarantee for the property used by BBS and Punch Metals (approximately 10 million euros), securities for loan agreements and certain key suppliers (7.5 million euros) and the purchase obligation for the Hayes Lemmerz site in Gainesville, Georgia (5 million euros). A licence fee will also be paid for the use of the BBS brand.

1st July 2009/by Tyrepress Editors

UK EV Recharging Network Set To Surge

The Government’s £25 million Ultra Low Carbon Vehicle Demonstrator scheme, which aims to accelerate a shift towards low-emissions motoring, will pave the way for the creation of the world’s biggest network of electric vehicle (EV) recharging stations. The organisations involved in implementing the eight Demonstrator programmes across the UK have together committed to installing more than 500 roadside, car park, business and home charging stations by June 2010. The majority will be produced and installed by Brighton-based Elektromotive, in what will become the world’s biggest-ever co-ordinated EV infrastructure installation project.

29th June 2009/by Tyrepress Editors

Conti’s Neumann ‘Ready to Resign’ if Debt Solution Against Company’s Interests

Speaking at a Deutsche Bank conference, Continental AG chief executive, Karl Thomas Neumann has said he is ready to resign if the restructuring solution Conti and 90 per cent shareholder Schaeffler come up with is against Contienental’s best interests. According to Deutsche Bank analysts, Continental is “doing a good job in adapting the company to the current environment, especially in transferring fixed into variable costs (by approximately 50 per cent), mostly concerning labour costs.” However the analysts also point out that a lot of uncertainties remain including: the restructuring of the balance sheet specifically regarding a rights issue to reimburse a 3.5 billion euro debt which expires in August 2010; whether to acquire Schaeffler assets or not, and eventually the disposal of assets to accelerate debt reduction. Continental’s board is expected to present its solution around the end of July.

25th June 2009/by Tyrepress Editors

US Kumho Tyre Plant Gets Tobacco Money

Even though construction of the plant is on hold, Kumho Tire USA Inc. has received a multi-million dollar state grant for the project. The OneGeorgia Authority board awarded Kumho with a $3.8 million grant for its planned tire plant in the city of White, Georgia. The funds are for site preparation and infrastructure improvements.

Earlier this year, Kumho announced that it was postponing construction of the planned tyre plant due to concerns over the economy. The company has not stated when work on the facility will restart. The OneGeorgia Authority is funded by the state’s tobacco settlement. (Tire Review/Akron)

25th June 2009/by Tyrepress Editors

Titan International Announces Q2 Dividend

Titan International’s Board of Directors has approved a quarterly cash dividend of US$.005 (one half cent) per common share for the second quarter of 2009. The cash dividend is payable July 15, 2009, to stockholders of record on June 30, 2009.

11th June 2009/by Tyrepress Editors

US and Italian Tyre Retreaders to Cooperate

The Associazione Italiana Ricostruttori Pneumatici (known to its friends as AIRP) and the Tire Retread and Repair Information Bureau (TRIB, to you) have signed a Memorandum of Understanding to cooperate with each other for the mutual benefit of the retread and tyre repairing industries. The agreement extends to activities both within Italy and many other countries worldwide.

The memorandum sets out plans for the two organisations to exchange market and technical information; to assist visits of delegations; to collaborate on exhibitions and conferences; to waive publisher restrictions on each board’s research articles; and to strengthen the ties between the respective boards’ members. The agreement was signed on 21 May, 2009 in Bologna, Italy by AIRP president Stefano Carloni and TRIB MD Harvey Brodsky. “Having known our friends at AIRP for many years and having admired their ongoing dedication to improving our industry, we are very happy to join with them for our mutual benefit,” concluded the latter.

8th June 2009/by Tyrepress Editors

Michelin Canada Employees Show Support for Special Olympics

Michelin Canada’s 22nd Annual Torch Run in support of Special Olympics Nova Scotia is being held on June 4 and 5. More than 2,000 participants are expected to take part in this year’s Torch Runs throughout the province to help raise awareness about the Special Olympics Nova Scotia Summer Games, which take place between July 17 and 19.

“For the 22nd year, Michelin employees and friends from all three Nova Scotia facilities will proudly carry the torch in support of Special Olympics Nova Scotia,” says Jeff MacLean, personnel manager at Michelin’s Granton facility, and member of the Special Olympics Nova Scotia board of directors. “We hope to spread the word through our local communities about the 2009 Summer Games.”

5th June 2009/by Tyrepress Editors

Top Shop Entry Deadline Looms

The entry deadline is fast approaching for the 2009 Tire Review Top Shop Awards presented by Ammco/Coats. Now in its third year, entries will be accepted until midnight on 10 July, 2009. Entry forms and information are now available via the Top Shop Awards Web site at www.tirereviewtopshopaward.com. Complete entries can be made right online. US and Canadian dealers can nominate their own businesses, or others can nominate tyre dealer businesses. The entry process is simple: Those making the nomination need to provide basic information about the dealership being nominated and write a short (300-word maximum) essay explaining why that dealership should be considered.

From there, all entrants will be reviewed and a group of semi-finalists selected. Those semi-finalists will be asked to provide additional information for judging. A panel of judges, including industry professionals and a member of the Tire Review staff, will select the four finalists and, ultimately, the 2009 Top Shop Award winner.

The awards are as outstanding as the dealers selected:

• The Grand Prize Winner will receive a Coats APX90 tyre changer, $1,500 in cash, airfare and hotel for two (2 nights/3 days) to the 2009 SEMA Show, a feature story in the October issue of Tire Review, and a Top Shop trophy to display in their dealership.

• Three Finalists will each receive a Coats 1250-3DV tyre/wheel balancer (featuring on-board training), $500 in cash, a feature story in the October issue and a specially designed finalist trophy. (Tire Review/Akron)

4th June 2009/by Tyrepress Editors

Bridgestone-Firestone Receives State Funds for Job Retention Project

A grant of US$1 million is to pay for repairs on roads around the company’s Bridgestone Firestone Tech Center in Akron, Ohio, the Akron Beacon Journal reports. The city of Akron will use the state provided Road Development Grant in support of the Bridgestone Firestone North American Tire LLC job retention project. According to a news release from the Ohio Department of Development, this $11.5 million project will support the retention of 1,000 jobs.

The grants, administered by the Ohio Department of Development, was approved by Ohio’s State Controlling Board.

19th May 2009/by Tyrepress Editors

Titan’s Taylor Adds Another Year to His Term

Titan International shareholders returned CEO Morry Taylor for another year as company chairman. At the annual meeting on May 14, shareholders also returned Erwin Billig and Anthony Soave to the board of directors with three-year terms. Billig was also elected vice chairman of the board, and Kent Hackamack was returned as vice president of finance and treasurer and Cheri Holley will remain as vice president and secretary. (Tire Review/Akron)

15th May 2009/by Tyrepress Editors