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Marangoni Targets TV to Showcase Brand

Marangoni has teamed up with premier drag venue Santa Pod Raceway and experienced TV production house Pulse 8 Media to create two unique ‘magazine’ style car shows that will be airing throughout the latter half of the year on both Eurosport and Motors TV channels on the digital platform.

Investing significantly in the move, Marangoni and Santa Pod Raceway acquired no less 36 hours of broadcast time for two shows that showcased their ‘Marangoni Fast Show’ and ‘Marangoni Ultimate Street Car’ sponsored events. The programmes show every aspect of the events from the ubiquitous racing, to the nightlife and lifestyle elements that proved so popular with the capacity crowds. Naturally, Marangoni branding, demo cars and products are liberally sprinkled throughout.

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Pirelli Tyre Due 100 million Raw Material Effect, Say Analysts

Pirelli Tire achieved a high 7.7 per cent operating profit margin in first half 2009. The figures come despite a negative raw material impact (-19 million euros) and despite a 16 per cent drop of volumes and a low capacity utilisation rate of 75 per cent.

Pirelli Tyre CEO, Dr Francesco Gori made the remarks at a presentation given during the Frankfurt motor show. And the good news left analysts predicting the company’s financials should improve significantly in the coming quarters due to an estimated 100 million euros positive raw material effect; a recovery of volumes with capacity utilisation reaching 90-95 per cent; and “the full payback of restructuring measures.”

Reporting on the presentations, Deutsche Bank analysts observed that Pirelli’s tyre business should benefit from the Brazilian government’s recent decision to impose import tariffs Chinese made tyres. The tariffs of US$0.75/kg are seen a significant plus for the company, in a market where the group already enjoys 30 per cent market share and “above average operating profit margin.”

Chinese imports are said to represent approximately 10 per cent of the Brazilian market.

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Hayes Lemmerz Realigns Global Operations

As of September 1 Hayes Lemmerz International has realigned its global operational sites into three regions. According to company president and COO Fred Bentley, "The purpose of the realignment is to become more strategically focused in the operation of the business by aligning the organisation into specific regions. This realignment allows us to continue our global focus on the customer base while creating additional efficiencies from the functional support groups. This is a great move for our business and allows us to continue to develop our future leaders." Mustafa Zaim, managing director of Turkish Operations, will continue in his present role as managing director and will also assume the additional responsibilities coordinating Global Materials management as well as act in an advisory capacity to the EAAP region on operational matters. Zaim will continue to report to Mr. Bentley.

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Euro Car Parts Offers Support on MOT Bay and ATL Purchases

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ECP have invested in personnel, stock and warehouse facilities in order to supply a four ton two-post mechanical locking lift; full rise scissor lift and a five ton baseless two-post lift; plus after sales support.

The Cappello range now includes two post four ton lift baseplate, which has a litfting capacity of 4000kg, 3 stage arms, twin hydraulic rams, robust design steel frames. Also a three ton Scissor lift which is 'great place saver' for workshops with minimal space, it comes with the option of a platform extension for longer wheel base, pneumatic locking system, competitively priced. Euro Garage Solutions also offer the new Cappello lifts with high weight capacity at great value prices, all featured in the brochure.

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Bridgestone, Goodyear Weigh in on Tariff

Though silent while the government mulled over the USW’s Section 421 complaint about China-made passenger tyres, both Bridgestone Americas and Goodyear issued statements regarding the Obama Administration’s decision to levy a three-year tariff on the imported tyres.

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Cooper Tire to Cut Melksham Workforce by 20%

Cooper Tire & Rubber Company has announced manufacturing “realignment” plans that will see the company’s Melksham plant reduce its workforce by 20 per cent. According to a statement, the decision to realign production at the Melksham facility is a result of the company’s focus on its “strategic objective to create a sustainable and competitive cost position.” Company managers say the move is designed to enhance the company’s long-term performance, “while helping to mitigate the effects of the current economic downturn and the increases in its cost base.”

This means over the next year, the company will transfer some US tyre production to Melksham and other Melksham production to its Chinese production plants. It is this part of the realignment that will result in the reduction of the current work schedule. It appears that the bulk of the changes are taking place in the passenger car tyre manufacturing departments. A company spokes person told Tyres & Accessories/tyrepress.com that Cooper Tires does not know exactly which products will be affected, but will be communicating more information on this in due course. However, motorcycle and motorsport products are apparently not included in the changes and will continue to be manufactured in Melksham.

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Hankook Tire Invests 230 million euros in Hungary Factory

Hankook Tire is to invest 230 million euros in its Hungary tyre production plant over the next 2 years in a bid to double production output from 5 to 10 million tyres a year by 2011. The latest injection of funds means the company has invested 550 million euros in the project. An official statement from the company said the latest move to ramp up production in Europe was a reflection of increasing demand there. Hankook’s decision to build a manufacturing facility in Hungary has been key to reducing customer delivery times from one month previously to just five days for the Europe-made Hankook tyres. However, the move also positions Hankook for increasing amounts of OE business, with the company openly bidding for the attention of “Audi-level” customers. Last year the company’s Hungary site began supplying OE customers in Europe, first Hyundai’s Czech factory (with tyres destined for the i30-compact car) then to Volkswagen Nutzfahrzeuge in Germany for the popular VW T5.

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Apollo Tyres Outlines Global Top 10 Ambitions

Apollo chairman, Onkar S Kanwar is not one to avoid big statements when it comes to talking up Apollo Tyre’s ambitions. The Gurgaon-based company is currently estimated to be worth Rs 4,985-crore (£627 million) and is in an expansion mode. While the firm already has a presence in Europe and Africa, it seems it is continuing to look for acquisitions outside India as a route to increasing its presence in the global market.

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Manbat Reports Continued Increases Aided by Extensive Training

Manbat, the UK's largest battery distributor, has reported significant sales growth from its top six buying group and national account contracts. Increasing sales of OE brand VARTA, along with its own brand Numax, and the expansion of the leisure sector account for majority of the gains, however without training, the picture would be far less rosy.

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Kumho May Sell Vietnam Plant

Kumho is in negotiations with Bridgestone to sell its recently finished tyre manufacturing plant in Vietnam, according to a report issued by Jaccar, a global investment firm. Kumho invested $155 million in the plant, which was completed in 2008 and has an annual production capacity of 3.15 million tyres. The tyre-maker has said it planned to export tyres manufactured in the Vietnam plant to southeast Asia, Europe and the US. Jaccar reported Kumho is negotiating the plant’s sale due to liquidity crunches resulting from the current “global financial turmoil.” (Tire Review)

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Kargro Battles High Stocks and 50% Lower Retread Output

Built on the pragmatic assertion that “tyres don’t last forever; they get worn” the Kargro Group has quite literally made it their business to make good use of what others throw away. Like other similar operations Kargo collects both passenger car and commercial vehicle casings, inspects them and determines whether they are suitable for re-use, can be retreaded or are destined for the shredder. What’s different is the scale. Kargro Group stores an average of 120,000 casings ready for export to any of 40 countries at any given time.

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‘Marix Ecology’ 4×4 Retread Range Offers Savings Potential

According to Marangoni, its Marix range for passenger cars and light commercial vehicles has proven a popular choice for off-road drivers thanks to a series of products designed for extreme use, such as Lion and Puma. Both of these tyres feature substantial tread blocks, and for this reason are sought by those who use their 4×4 for work or in sporting competitions, and want a tyre with good grip and drainage capacity. The latest additions to the Marix 2008 range are the Cruise and Ghepard, the latter a high performance tyre for SUVs that is approved for high performance and available in 17 and 18-inch sizes. Marangoni says the Ghepard ensures comfort and maximum grip in all conditions thanks to the use of high performance compounds.

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Conti Completes 100% Acquisition of Matador Rubber

Continental has completed its acquisition of Slovakian company, Continental Matador Rubber S.r.o. following the purchase of the 34 per cent stake held by the Cyprus-based minority shareholder, M.I.L. Investments Ltd for $67 million (£41.1 million).

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