capacity Archives - Page 121 of 147 - Tyrepress

Posts

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

ContiTech Expands Production Capacity in Romania

(Akron/Tire Review) The power transmission group of the ContiTech division of Continental AG has expanded drive-belt production capacity at its manufacturing plant in Timisoara, Romania.

20th April 2006/by Tyrepress Editors

Inside a Chinese Chrome Plating Facility

China Wheel runs four chrome-plating factories with an overall annual capacity of 945,000 units. In Taian (Shandong province) approximately 240 employees produce 240,000 units; in the Donghua chrome-plating factory 120 co-workers make 300,000 units; in Donghui 80 people make 105,000 units; and in Zengcheng 200 produce 300,000 wheels annually (all three locations can be found in Guangdong province).

19th April 2006/by Tyrepress Editors

That Little XTRA

The market for cast aluminium wheels is reaching saturation point. While the low-volume, image focused brands are defending their territory in a crumbling segment, the mid-price segment has almost disappeared. At the same time, while the low-price segment may continue to move significant volumes of wheels, branding is to a large extent interchangeable.

Alloy wheels may still be most common tuning part, but that’s just it. Being the most frequently upgraded part means that it loses its exclusivity. Cast aluminium wheels have become a commodity and in some cases are already cheaper than steel wheels.

19th April 2006/by Tyrepress Editors

Federal Reports Record Shipments

Federal Corporation shipped 1.7 million tyres in the first quarter of 2006 – the largest quarterly total in the company’s 52-year history. The figure reflects increased production at Federal’s Taiwanese and Chinese bases. In March alone the company delivered 670,000 tyres.

19th April 2006/by Tyrepress Editors

NETE Anticipates Growth With New Warehouse

North Eastern Tyre & Exhausts has recently completed an extension to its main distribution centre’s warehousing and sees itself as a prime example of a company geared up to distribute high and ultra high performance tyres. Following several years of continuous focus on developing its product portfolio the company is now building its reputation as a specialist in this area of the market.

13th April 2006/by Tyrepress Editors

Vintage Tyres Appoints Australian Distributor

(Australian Tyre Dealer) Stuckey Tyre Service in Victoria and Kostera Tyre Service in Western Australia have been appointed as distributors for Dunlop, Avon and Waymaster brand vintage tyres in Australia.

Chris Marchant, managing director of Vintage Tyre Supplies UK (exclusive worldwide distributor for Dunlop, Avon and Waymaster brand vintage tyres), has made these appointments in order to service its exclusive range of Vintage and Classic tyres in Australia.

12th April 2006/by Tyrepress Editors

G. Craig Sullivan Elected to Goodyear Board

G Craig Sullivan, former chairman and chief executive officer of The Clorox Company, has been elected to the Board of Directors of The Goodyear Tire & Rubber Company.

“Craig Sullivan is a top-rate business leader with extensive experience in building strong consumer brands,” said Goodyear chairman and chief executive officer Robert J. Keegan. “His experience and knowledge will be of significant value to our board of directors.”

11th April 2006/by Tyrepress Editors

Hayes Lemmerz Initiates Major Restructuring Programme

Hayes Lemmerz International, Inc is implementing tough restructuring measures that it says are designed to “strengthen its competitive position, improve profitability and increase long-term value for its shareholders.” The steps include revised wage and benefit plans; the strategic realignment of its business (more than 15 per cent of the company’s US staff have already lost their jobs); and the rationalisation of Hayes Lemmerz’ wheel capacity, namely closing its Huntingdon Indiana Wheel plant.

Curtis Clawson, president, chief executive officer and chairman of the board said: “The last several years have seen profound changes in the competitive landscape of the automotive industry. We are aligning our organization to recognize the realities in the US and to assure continued success in the global automotive marketplace.”

11th April 2006/by Tyrepress Editors

Analysts: Brazil Plant Will Help Conti Save 100 million

Following the news that Continental’s Bahia, Brazil plant is officially open, analysts have reported that the company’s decision to increase production in “low-cost” countries could save between 100 and 110 million US dollars. According to Deutsche Bank, this calculation is based on average per worker production of 6000 tyres/annum against “10 times lower” labour costs compared with the US. The report also suggested that the additional transportation/logistics costs incurred are equivalent two US dollars per unit.

10th April 2006/by Tyrepress Editors

GSF Launches ‘All Makes Range’

GSF Car Parts – one of the UK’s largest independent suppliers of quality car parts for German, Swedish and French cars – has launched an ‘All-Makes’ range incorporating products suitable for the likes of Ford, Vauxhall and Fiat cars.

10th April 2006/by Tyrepress Editors

Visiting the “King of Moulds”

Zhang Sheng is the “King of Moulds,” he and business partner Wang Ying lead the Foshan Nanhai Superband Mould Co., Ltd., based at an industrial estate in Foshan town centre (Nanhai district, Guangdong province). And what’s more it is probably the largest manufacturer of moulds for aluminium wheel casting in the world. The factory produces six moulds a day or 2000 per year says managing director Zhang Sheng – that’s not the capacity, but the actual output. In addition the company produces moulds for well-known international companies such as General Electric, Toshiba, Sharp and Sanyo in order to service their non-wheel casting needs.

10th April 2006/by Tyrepress Editors

Best-ever Month for UK Mini Sales

BMW achieved strong vehicle sales in the UK during the month of March. With 21,605 vehicles registered during the month, BMW has recorded an increase of 24 per cent on this time last year and an overall rise in volume of 16 per cent year to date. One of the key influencing factors in BMW’s success has been the introduction of the new 3 Series Saloon and Touring models. Overall 3 Series has shown an increase of 63 per cent when compared to this time last year. Other strong performers in the BMW range are the 7 Series, 5 Series and 1 Series models, all of which have shown a sharp increase in registrations when compared year on year.

7th April 2006/by Tyrepress Editors

Analysts Cautious About Goodyear Cost-Cutting

Deutsche Bank analysts have reacted cautiously to the news that Goodyear is closing its Dunlop Tyre factory in the U.K. and ceasing production of bicycle tyres and inner tubes at its Poland plant. The company expects these actions to generate after-tax savings of between $30-$40 million per year. Goodyear has previously announced that it is targeting $250-$350 million in annual cost savings from reducing high cost capacity and shifting production to lower cost markets.

6th April 2006/by Tyrepress Editors

Continental Opens Brazilian Factory

Continental AG has just opened its new tyre plant in Brazil and said that it should be operating at full capacity within the next 18 months. “The new low-cost production capacities play a key role in our concept for the future passenger tyre business in the loss-making NAFTA region. At the same time, the capacities allow for profitable growth,” CEO Manfred Wennemer said in a statement released in Germany.

6th April 2006/by Tyrepress Editors