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Goodyear acquisition, investment to support Asia-Pacific OTR growth

Earlier this month, Goodyear Tire & Rubber announced it now holds 100 per cent ownership of its Nippon Giant Tire (NGT) subsidiary in Tatsuno, Japan. The tyre maker has been the majority shareholder in NGT since 1985 and purchased the shares owned by its joint venture partners, Toyo Tire & Rubber Co., Ltd. and Mitsubishi Corporation, for an undisclosed amount. Goodyear now plans to invest US$250 million to upgrade and expand NGT’s tyre manufacturing facility in order to increase its global supply of OTR tyres for key customers.

18th June 2012/by Tyrepress Editors

Tyre volumes still declining

Tyre volumes are still declining around the world despite gains in the North American markets, which reportedly reflect improvements in demand but come from a low base. The news is derived from Michelin’s sell-in market data, which the global tyre giant publishes on a monthly basis.

15th June 2012/by Tyrepress Editors

Official opening for Pirelli’s Mexico plant

Yesterday Pirelli inaugurated its new factory in Mexico, the company’s first facility in the country and 22nd worldwide. The plant will mainly focus on producing performance tyres for the premium passenger car and 4×4 segment, and capacity by the end of 2012 is expected to be 400,000 units, rising to 3.5 million by the time the plant’s first development phase ends in 2015. When fully operational in 2017, production is expected to reach 5.5 million units. Phase one work involves an investment of approximately US$300 million, and a further $100 million will be spent between 2015 and 2017. The plant’s workforce will reach the 1,000 mark next year and rise to 1,800 when full operational status is reached.

1st June 2012/by Tyrepress Editors

Vipal to showcase ECO fuel efficiency at Reifen

In addition to three new designs of pre-cured treads, Brazilian retreading materials manufacturer has confirmed that it will display its ECO line of precured treads. The company, which has three distribution centres in Europe, says the ECO treads provide decreased fuel consumption and a increased longevity.

28th May 2012/by Tyrepress Editors

Steinbichler presenting new shearography products in Essen

Steinbichler Optotechnik GmbH from Neubeuern has announced plans to present new shearography innovations at its Reifen show stand (4-321). Aimed at retreading plants with small production quantities, test laboratories and tyre development units, the Intact V20 made by Steinbichler is said to offer a multitude of different possible uses, according to the company.

23rd May 2012/by Tyrepress Editors

Michelin receives Prince Michael safety award

In recognition of the company’s global commitment to road safety, Michelin has received the Prince Michael International Road Safety Award at the inaugural Decade of Action for Road Safety Policy & Donor Forum, which was held in New York on 2 May.

3rd May 2012/by Tyrepress Editors

Embraer Military Airlifter KC-390 to fit Goodyear tyres

The Goodyear Tire & Rubber Company has announced a new aviation tyre supply deal, continuing its original equipment range expansion in the industry. Brazil-based Embraer Defense and Security has selected the tyre manufacturer to equip its KC-390 twin-engine, jet-powered military airlifter and tanker with Goodyear military aviation tyres.

18th April 2012/by Tyrepress Editors

Pirelli acquires majority share in Brazilian distributor

Pirelli has signed an agreement to acquire 60 per cent of the company equity in Campneus, one of Brazil’s major tyre distribution networks for approximately 54 million real (£17.1 million), subject to adjustment on the basis of the asset situation on the closing date. The share has been obtained from the Faria da Silva family, who established Campneus in 1975 with assistance from Pirelli’s Brazilian subsidiary. The agreement is subject to approval by CADE, the Conselho Administrativo de Defesa Econômica brasiliano, and finalisation is expected at the end of the first half of 2012.

17th April 2012/by Tyrepress Editors

Ryder becomes Bridgestone's largest truck customer

Ahead of the CV show, news has been released that commercial vehicle hire specialist Ryder has extended its exclusive deal with Bridgestone, becoming that company's largest truck customer in Europe.

The contract, which started in March this year has been extended to cover Ryder's expanded network, following its acquisition of Hill Hire in June 2011. Ryder now operates from 29 locations and has an enlarged fleet of more than 24,000 trucks and trailers.

16th April 2012/by Tyrepress Editors

Michelin reveals new OTR plant ‘aggressive’ timetable

Michelin North America officials have shed a little additional light on the tyre-maker’s plans to build a new off the road plant and expand another in South Carolina, Tire Review reports. Both projects were unveiled officially morning during a press conference earlier in the week at MNA headquarters in Greenville, South Carolina. MNA said it would construct an all-new radial OTR tyre plant in Anderson County, SC, and expand its existing OTR plant in nearby Lexington, SC. The company estimates that the two projects would result in 500 new jobs, and will take an investment of $750 million.

13th April 2012/by Tyrepress Editors

Bridgestone Brazil doubles iProbe order

Transense Technologies plc has confirmed that its sales division Translogik Limited has received a further order from Bridgestone Brazil for its next-generation iProbe commercial tyre inspection tool. The iProbe provides a robust, reliable and user-friendly wireless solution for cost effective monitoring of tyre pressure and tread depth, combined with integrated RFID (Radio Frequency Identification) and TPMS (Tyre Pressure Monitoring System) sensor reading capabilities. This order is twice the size originally scheduled for second quarter delivery to Bridgestone. The announcement follows a 6 February 2012 statement explaining the news.

4th April 2012/by Tyrepress Editors

EL PE Engineers in exclusive Transense deal in India

Transense Technologies plc has announced that its trading division, IntelliSAW has entered into an exclusive distribution agreement with EL PE Engineers, headquartered in Vadodara, India. EL PE currently provides advanced systems technology and engineering support for the electric power industry.

As part of this agreement EL PE will provide exclusive distribution for IntelliSAW’s innovative wireless/passive temperature monitoring system in the Indian market. In return for exclusive terms EL PE has agreed to a minimum revenue target over the next two years of US$375,000.

23rd March 2012/by Tyrepress Editors

TGI partnering for sizable growth

When Tyres & Accessories last caught up with Tire Group International a year ago, the Miami, Florida-based wholesaler was able to report a highly successful 2010, with revenues up 35 per cent year-on-year and unit sales climbing 26 per cent to around 1,200,000 pieces. Back then company CEO Antonio Gonzalez said he expected continued growth in 2011, and TGI has delivered on this forecast; last year the US wholesaler achieved a 25 per cent increase in unit sales and revenue grew by a third. And while we’re currently less than a quarter of the way through 2012 and the year may yet throw a surprise or two in our direction, recent and current developments at TGI indicate the company will once again report strong annual growth.

22nd March 2012/by Tyrepress Editors

TGI celebrates 20 years

This month US wholesaler Tire Group International celebrates 20 years in the business. On 3 March 1992 the Miami-based company opened its doors and began trading; TGI says its main objective since that day has been to offer its customers the entire spectrum of tyre sizes and patterns at reasonable price points, to build long-term relationships with customers and suppliers and to exceed their expectations every time they deal with TGI. For this reason, TGI says it has developed a very close relationship with all its partners around the world.

20th March 2012/by Tyrepress Editors

Multistrada investing in rubber supply, capacity expansion

Almost a year ago, PT Multistrada Arah Sarana Tbk announced plans to ensure a reliable supply of raw materials through the acquisition of up to around 30,000 hectares of rubber plantation land. In the end the tyre maker purchased 33,800 hectares in Kalimantan, Indonesia for around Rp3 trillion (£209 million) through its subsidiary PT Multistrada Agro Internasional. During a press conference held in Jakarta on 11 March, company president Pieter Tanuri shared details of this acquisition, stating that this year Multistrada aims to plant up to 1,000 hectares of rubber trees there, a project the firm has budgeted Rp398 billion (£27.7 million) for; 26 per cent of this will come from the proceeds of a recent rights issue. This is expected to be ready for harvest in the next five years.

12th March 2012/by Tyrepress Editors