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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

New Dunlop Commercial Tyres Expand US Product Offering

The Goodyear Tire & Rubber Company has announced the addition of new Dunlop tyres to its offering, aimed at filling out its commercial tyre line. The company is rolling out new tyres and sizes in mixed-service to go along with its full line of Dunlop line-haul, regional and urban tyres. Mixed-service tyres, which can be used on- and off-road, feature severe-service tread compounds and improved belt packages for improved resistance to cutting, chipping and tearing when the tyre leaves the roadway. The tyre’s open lug design provides countless tread edges for grip, and yet, tyre technology is used to deliver ride comfort and quietness on the road, company officials said.

4th April 2006/by Tyrepress Editors

Cooper to Develop Tyres for Chinese Market

At a special “Pit Stop China” press conference running alongside the A1 Grand Prix in Shanghai at the weekend, Cooper Tire announced that the Cooper brand would shortly be available for the Chinese market. Cooper is the official tyre for the A1 series.

3rd April 2006/by Tyrepress Editors

Milltek Move Heralds Expansion

Performance exhaust manufacturer Milltek Sport has recently moved into a Logistics and Sales Centre at Pride Park, Derby. This move is the springboard for a new phase of expansion. Chief Executive Phil Millington commented, “This hi-tech Centre is a key factor in our further expansion programme, not only in the UK but also worldwide, since we are now exporting to some 40 countries. Our technical and manufacturing base remains at Ilkeston, where we have a highly skilled and closely-knit team and Pride Park will perfectly complement this.”

31st March 2006/by Tyrepress Editors

Hyundai to Build Czech Plant

Hyundai is to build a plant in the Czech Republic, investing 1 billion euros in a factory with the capacity to produce 300,000 units annually. The factory is expected to start production of the B segment Getz in the fouth quarter of 2008. The announcement follows the news that Kia’s Slovakia plant will be production later this year.

30th March 2006/by Tyrepress Editors

Kumho Set on New Plant in Vietnam

(Akron/Tire Review) Confirming earlier reports, South Korea’s Kumho Tire Co. has announced that it will build a new $155 million tyre plant in Vietnam. According to the Korea Times, the new plant will come on-stream in 2008 with an annual capacity of 3.2 million tyres. Kumho signed a memorandum of understanding with Vietnam’s state-run builder Becamex in Binh Duong province to establish the wholly owned plant there. Construction on a 314,000-square-meter site just north of Ho Chi Minh City will begin in the second half of this year.

30th March 2006/by Tyrepress Editors

Goodyear Expands Capacity in India

(Akron/Tire Review) Goodyear India Ltd. has nearly completed a major expansion at its passenger tyre plant in Aurangabad, India, boosting its annual capacity to 1.8 million tyres. Goodyear hopes the increase in radial production, due to start in June, will help it become one of India’s top selling tyre brands.

29th March 2006/by Tyrepress Editors

Pirelli Opens New Truck Tyre Plant in Brazil

(Akron/Tire Review) Pirelli SpA’s new $50 million truck tyre plant in Gravatai, Brazil, has been officially opened. Located inside Pirelli’s motorcycle tyre development and production facility, the new plant covers 573,000 square metres and will produce some 12,000 tonnes of tyres per year at full capacity. Some 80 per cent of the new plant’s truck tyre production will be for the Brazilian market, and the other 20 per cent will be exported primarily to other Latin America countries, according to Pirelli.

29th March 2006/by Tyrepress Editors

Plane Crashes into Ecuador Tyre Factory

A plane carrying 14 people crashed into the side of a tyre factory in the southern Ecuadorean city of Cuenca, killing five aboard and injuring nine, according to local authorities.

“The plane crashed against a tyre factory in an industrial park near the airport,” Red Cross spokesman Galo Verdugo told The Associated Press. The aircraft was reportedly carrying 12 passengers with two crewmembers from Cuenca to Macas in Ecuador’s southeastern jungle.

27th March 2006/by Tyrepress Editors

Aeolus Industrial Tyres Expands Availability in Europe

Chinese brand Aeolus is set to introduce a range of low-loader tyres in the Netherlands and across Europe. This news represents Aeolus’ response to the ever-increasing demand for these tyres from European companies in the transport business. The expansion of this line again signifies the increasing Chinese presence in the European tyre market. Aeolus has selected Heuver Banden of Den Ham to distribute these tyres in the Netherlands, Belgium, Luxembourg, Germany, Austria, Denmark and France. Kirkby Tyres sells Aeolus products in the UK.

17th March 2006/by Tyrepress Editors

Nokian to Invest in Heavy Tyre Production

Nokian Tyres’ Board of Directors has approved a plan to invest 4 million euros in order to expand heavy radial tyre production capacity. This will mean an increase in Nokian Tyres’ total investments in 2006 from 88 million euros to 92 million euros.

The investment includes the whole production process; ie component manufacturing, tyre assembly and curing at the Heavy Tyre plant in Nokia, Finland. The investment will mean a capacity increase of the Nokian Tractor Industrial 2 product line, launched in 2004, and of the Nokian Country King product line, launched in 2005, to better meet the strong growth in demand.
The increase in radial tyre capacity will come on-stream towards the end of this year and in early 2007.

15th March 2006/by Tyrepress Editors

New Cranes From Penny Hydraulics at CV Show

New 500kg and 1000kg capacity Swing Lift vehicle mounted cranes will be presented by Penny Hydraulics at CV Show 2006, Stand 4501.

The new 1000kg capacity Swing Lift vehicle mounted crane incorporates hydraulic slew for precise, controlled load handling on pick-ups, drop sides, flat beds and box vans. Its electric winch enables loads to be handled with even greater precision and is especially useful if items need to be lowered below ground, for example in civil engineering applications. The boom height and extension can be selected manually for added versatility. A completely new sub-frame design is even more compact than the previous model to maximise the available floor space.

14th March 2006/by Tyrepress Editors

Hankook’s New Tyre ‘Loads Better’

Hankook Tyre UK will unveil a new tyre – the 295/60 R22.5 AL02 – at this year’s Commercial Vehicle show. The company claims its latest product will prove of immense benefit to the vehicle logistics industry.

Hankook was contacted by a senior fleet engineer for a major vehicle logistics company, who was looking for a solution to a tyre-related problem. Like most logistics companies operating in Europe, his fleet was fitted with 295/60 R22.5 tyres on the three trailer axles in order to reduce vehicle height, which aids loading and unloading, as well as making the vehicle more stable.

14th March 2006/by Tyrepress Editors

Antifreeze and Windscreen Pump from Tecalemit

Tecalemit Garage Equipment Co Ltd is launching a new Antifreeze and Windscreen Pump to further boost its comprehensive range of lubrication equipment. Ideal for mixing antifreeze and windscreen fluids in workshops, this pump is designed to move a broad spectrum of fluids, such as coolants, anti freeze, inks, glue and other chemicals which are compatible with AISI 316, Viton and PTFE seals.

10th March 2006/by Tyrepress Editors

Bridgestone Hits 35 Million Mark in New Zealand

(Akron/Tire Review) Bridgestone New Zealand is celebrating the production of the 35 millionth tire at its Christchurch, New Zealand, plant, which opened in 1947. Employing 300 people in a seven-day-a-week business, the factory contributes an estimated $23.8 million a year to Christchurch’s economy, said John Staples, the general sales manager for Bridgestone New Zealand. The plant was originally built by the Firestone Tire & Rubber Co. as one of eight manufacturing facilities the company then had outside of the U.S. The factory now has the capacity to produce 5,000 tires a day, and exports 40% of its output, Staples said. “Our relationship with all the communities we are part of is very important to us, and the Christchurch community in particular with the presence of our factory,” Staples said.

3rd March 2006/by Tyrepress Editors