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Interstate Names New Sales & Marketing Coordinator

Interstate Tire & Rubber Company has promoted sales team member Michel Gerard Richardson to the position of Sales & Marketing Coordinator, effective January 1st, 2008. In his new capacity Mr. Richardson will be in charge of all office activities and will coordinate the company’s sales and marketing operations. On announcing his appointment, the company praised Richardson’s previous work in the Telecommunications Industry. The 35 year old has a tertiary background in international business management, and hailing from the Caribbean, speaks English and Spanish fluently.

Interstate is confident that, with this new appointment, the company will be in a position to improve service and continue the successful development of the Interstate brand around the globe.

19th February 2008/by Tyrepress Editors

Michelin’s Stoke Site Aims to be Cutting Edge Facility

At the end of last year Michelin executives embarked on a three-phase study into modernising the company’s Campbell road, Stoke-on-Trent retread manufacturing site. The plan is to take the UK’s largest commercial vehicle retread production plant to the next level with multi-million pound investment from Michelin headquarters in Clermont-Ferrand and other parties. Tyres & Accessories visited the Campbell road Remix and Encore facilities in mid-February and saw that the site spent £1 million last year gearing for the proposed improvements.

19th February 2008/by Tyrepress Editors

Former Senior BFNAT Exec Appointed CEO of ABC Supply

Former president and CEO of Bridgestone/Firestone Retail Operations and executive vice president of Bridgestone/Firestone in the US, David Luck, has taken on the position of CEO with ABC Supply Co. Luck assumed the position with the large American wholesaler of roofing, windows and building cladding following the sudden death of company founder, chairman and CEO Ken Hendricks last December.

David Luck will also continue in his current capacity as company president, the role he has served in since 1998 following his retirement from the tyre major after 27 years.

18th February 2008/by Tyrepress Editors

Nexen to Build US R&D Facility

South Korea’s Nexen Tire plans to open an engineering research and development facility in northeast Ohio, most likely somewhere in the Akron area. The company has hired veteran engineers George Kamvouris and Gary Zolton to start the facility. Kamvouris was most recently with Continental Tire North America, while Zolton comes to Nexen from Denman Tire Corp.

In 2007, Nexen Tire America opened distribution centres in Atlanta, Chicago and Little Ferry, New Jersey, in addition to its existing facility in southern California. The tyremaker also began production at a second plant in Qingdao, China, with planned capacity of 6 million tyres by 2010. The company is considering sites in Ohio, but has not finalised a location. (Tire Review/Akron)

18th February 2008/by Tyrepress Editors

Gajah Tunggal Plans 15% Sales Growth in 2008

Indonesia’s Gaja Tunggal Tbk is reported to have plans for increasing its sales by 15 per cent during the course of 2008. This growth will take place on top of sales revenue increases of around 20 per cent during 2006, up from IDR 5.47 trillion (£304 million).

18th February 2008/by Tyrepress Editors

BorgWarner Expands in Hungary

Reducing fuel consumption and pollutant emissions plays a major role in the automotive industry. In response to these demands and to increasing European demand for turbochargers, BorgWarner Turbo & Emissions Systems has enlarged its facility in Oroszlány , Hungary.

Among the company and government officials attending the recent inauguration ceremony in the town (situated 80 km from Budapest) were Roger Wood, President and General Manager of BorgWarner Turbo & Emissions Systems, the American Ambassador April Foley, the State Secretary of the Ministry of Economy Géza Egyed and plant manager Kornél Schmidt. Thanks to rapid growth in the turbocharger industry and to the successful co-operation with numerous customers a new hall was built, covering an area of 4650 m2. The increased total space is now 13.500 m2 and 600 people are currently employed.

15th February 2008/by Tyrepress Editors

Eliokem Buys Apar Polymer Division

Eliokem, the global specialty chemical company, has completed the acquisition of the Polymer Division from Apar Industries Ltd, India on 15 February 2008 for 1.11 billion Indian rupees (14.2 million pounds; 19 million euros; US$ 28 million). Following the acquisition Eliokem’s global revenues will reach € 200 million for a combined capacity in excess of 100,000 tons of polymer.

According to the company, the plant, located in the petrochemical zone in the Western Indian state of Gujarat, complements Eliokem’s offering in nitrile polymers and polyblends styrene butadiene reinforcing resins and latices for serving the tyre and rubber industries.

15th February 2008/by Tyrepress Editors

Michelin Full-Year Sales & Income up in 2007

In its 2007 financial results, published February 15, French tyre major Michelin has reported increased sales and a markedly higher net income than that of the previous year. The company recorded sales of 16.867 billion euros in the year to December 31, 2007, a 3 per cent rise over that of a year earlier. Sales volume increased by 3.2 per cent over the same period.

Prior to taking non-recurring income and expenses into account, operating income for the year was 1.645 billion euros, up 22.9 per cent on the year before. After deducting these factors operating income stood at 1.319 billion euros, an increase of 17.9 per cent. Net income shot up 34.7 per cent during the 2007 year, to 772 million euros. The company’s net debt also decreased by 464 million euros, 11.1 per cent of the total, and now stands at 3.714 billion euros.

15th February 2008/by Tyrepress Editors

Nokian to Install Three New Production Lines in Russian Factory

Finnish manufacturer Nokian Tyres has disclosed plans to add three extra production lines to the company’s Vsevolozhsk facility in Russia rather than the previously announced two. Chief executive Kim Gran told media on February 13 that “we are contemplating adding the third line during the second half of this year,” adding that the third line’s addition was more than 80 per cent definite and would cost some 20 million euros.

If all three lines are built the company will have seven production lines operating in Russia by the end of the year, and Gran believes the demand exists to justify their addition. “We could have grown even faster last year if we had had more capacity,” he said.

15th February 2008/by Tyrepress Editors

Goodway: Strong and Growing Profits

Malaysia’s Goodway Integrated Industries is not just a supplier of tread rubber and rubber compounds for the global retreading industry – the company also manufactures technical rubber compounds. Furthermore, the Malaysian conglomerate is viewed as one of the most expansive companies in the southeast Asian retreading industry, and for a number of years has produced its own retreaded tyres – products that have given the firm a domestic retreading market share of about 75 per cent. And Goodway’s growth within the region continues to this day; in 2005, Goodway acquired the leading Malaysian market retreader, Big Wheel. Through this purchase Goodway became a major customer to its own products and also entered the OTR tyre retreading industry.

14th February 2008/by Tyrepress Editors

Rotary Unveils Ultra-Low Profile Lift

Rotary Lift launched the SL210-MP8 Moveable Pad SmartLift, an in-ground lift the company said “makes raising a car for service faster and easier than ever.”

With an ultra-low profile of 2 3/8 inches reduces scraping the undersides of lower profile vehicles on the lift superstructure. Rotary said.

“Our customers asked us for a lift that will help increase their technicians’ productivity by reducing the time needed to properly position and raise a vehicle,” said Jim Dirksen, Rotary vice president of sales and marketing. “This is a perfect for quick service operations, and since the vehicle wheels are free, and not directly engaging the lift, it can also be used for tyre and brake work, as well as routine maintenance.”

13th February 2008/by Tyrepress Editors

Parker Hannifin Releases New Gen Nitrogen Inflator

The Process Filtration division of Parker Hannifin, the world’s largest manufacturer of motion and control technologies, has launched the latest version of its TyreSaver self-contained nitrogen generation system. The benefits of substituting air with nitrogen within a vehicle’s tyre are well known and use of the gas can improve both vehicle safety and efficiency. The TyreSaver system works by separating nitrogen and oxygen from the atmosphere by means of a compressor and specially developed hollow fibre membrane filters. The system is compact, simple to use and energy efficient as it needs only a low operating pressure for the membrane filters to function effectively. Furthermore, as there are no moving parts TyreSaver is said to be extremely reliable and requires only minimal maintenance.

13th February 2008/by Tyrepress Editors

Yokohama Announces Senior Management Changes

On February 13 Yokohama Rubber made public the management changes agreed upon by the company’s board of directors. These corporate officer and board member changes take effect as of April 1, 2008.

Tooru Kobayashi, currently director and corporate officer in charge of the Off-the-Road Tire & Aircraft Tire Division, Tire Logistics Division and general manager of Tire Planning Division, has been promoted to the position of director and managing corporate officer and president of the Multiple Business Group.

13th February 2008/by Tyrepress Editors

AEP Promotes Tyremech Tyre Handling Machinery

Gwent-based, Aylward Engineering and Pneumatics is promoting its Tyremech tyre inspection bay as a way of complying with the latest EU manual handling legislation. Used to reduce operator effort during various manual inspection and retreading operations, the Tyremech TM206 80kg capacity tyre inspection bay has been developed to ergonomically hold a tyre casing whilst providing maximum access during retreading procedures.

12th February 2008/by Tyrepress Editors

Ceat Still Confident of Attracting Partners

Much was said during the course of 2007 about Ceat’s plans for new greenfield facilities, particularly the company’s unsuccessful attempts to secure a joint venture partner for a truck and bus radial plant. The new year sees this pattern continue, and on February 8 India’s Hindu Business Line reported that the company is seeking “international players” as equity partners in two new greenfield projects.

Vice-president for Sales & Marketing, Arnab Banerjee, told the paper that Ceat is in talks with several such companies, and as part of the deal the Indian manufacturer would hold a majority share in any venture. “We should be able to finalise the partners soon. The production should start within a couple of years,” he said.

12th February 2008/by Tyrepress Editors