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Apollo’s Vredestein Acquisition Worth $300 Million – Analyst

The Apollo Tyres acquisition of Vredestein Banden, which should be finalised in late May, is said to be a deal worth in the vicinity of US$300 million. This figure was put forward by India’s Hindustan Times and was provided by an industry analyst who wishes to remain anonymous.

“Vredestein was bought over by Amtel in 2005 for $260 million so this acquisition would at least amount to $300 million,” said the analyst. “The deal is a win-win situation for Apollo as it not only gets access to high-end technology which it can also bring into India, but also a firm marketing and sales foothold in Europe.”

7th May 2009/by Tyrepress Editors

Outline of New Rolling Resistance and Noise Requirements

A new European Union regulation “concerning type approval requirements for the general safety of motor vehicles”, regulation 316, was recently voted on and passed by a large majority in the European Parliament. This regulation defines, for all passenger car (PC), light truck (LT) and heavy truck and bus tyres (TB), the maximum limit values for rolling resistance and noise, as well as the minimum value for the wet grip of passenger car tyres. It also specifies that TPMS must be installed on all new passenger cars. Certain other safety or environmental dispositions for vehicles that do not directly impact upon tyres will also be required.

5th May 2009/by Tyrepress Editors

F1 Performance Feeds into HP Tyres from Bridgestone

Having supplied the tyres exclusively to Formula One for the past two seasons, Bridgestone could be said to know a thing or two about racing performance. The technical leap to produce slicks this year shows that the company is no slouch in terms of making changes too. But does the company’s knowledge of track-based technology aid its development of UHP products for road users? Bridgestone certainly believes so, underlining the point by using the same Potenza branding on its road-going products as it does on its F1 rubber: “The technological advances that Bridgestone makes on the racetrack feed directly into its high performance road tyres,” it states.

In its unique role in F1, Bridgestone works with many of the world’s major motor manufacturers in a high performance environment. Technical developments made on the track with such manufacturers as Toyota and Ferrari, Bridgestone explains, are applied to Bridgestone’s high performance passenger car tyres. Andy Dingley, advertising and promotions manager at Bridgestone, comments: “As we supply all of the teams in F1 we have generated large amounts of technical data, as well as learning new methods of working, which is certainly beneficial for our passenger tyre development strategy.”

28th April 2009/by Tyrepress Editors

Regulatory Revolution Leaves Enforcement Challenge

When the news that the European authorities were about to agree a new set of regulations for tyre noise, rolling resistance, wet-braking and labelling a month ago, Tyres & Accessories noted that early versions of the draft laws had (in 2008) provoked criticism from within the tyre manufacturing industry. A year later when details of the legislation’s first reading were published it became clear that the revised text had been substantial modified to better reflect the practical implications of implementing such far reaching legislation. With this in mind T&A interviewed European Tyre and Rubber Manufacturer’s Association (ETRMA) secretary general Fazilet Cinaralp, and chairman Dr Francesco Gori – whose membership includes all the leading European tyre manufacturers and those with production facilities within the continent.

Tyres & Accessories (T&A): A year ago ETRMA and some of the individual premium tyre manufacturers described the EC guidelines as unfeasible. What has changed since then?

27th April 2009/by Tyrepress Editors

Belshina Focusing on International Growth

Since Belshina opened its first sales office outside of the CIS region, in Lithuania, a year and a half ago, the Belarusian commercial vehicle tyre specialist has looked towards establishing itself in even more regions. One particular area where Belshina has turned its attention is Southeast Asia, where the company is focusing upon the distribution of its earthmover tyre range. At Tyrexpo Asia the director of Belshina Asia, Maksim Smyslov, shared that the Belarusian manufacturer founded a new Singapore based operation in November 2007. It has been trading since last year and is focusing for the time being upon the earthmover tyre business, marketing these products to the region’s mines and mining operators.

22nd April 2009/by Tyrepress Editors

Dikabo a Supplier of Raw Material for Retreaders

One of the major prerequisites of a functioning retreading market is the fluidity of casing supply. This is where casing dealers such as Dikabo and Robeo play an important role, because what retreader – whether small-scale or even from the new tyre industry – would choose to deal with the logistics and technical requirements of dealing in casings personally rather than look after their core business of retreading used tyres. The secret to Evert Dilling’s success has been the ongoing availability and supply of casings to his customers, plus the high level of casing quality.

15th April 2009/by Tyrepress Editors

Marangoni to Restructure “Tyre Retreading” Business Area

“Our company, like other companies that operate in the tyre sector, is not, and has not been, an island in itself.“ With these words, Brenno Benaglia explains the reach of the current economic recession and its consequences, which are shaping up to be structural rather than cyclical. Despite a clear cut in truck and passenger car retread production and sales figures, the sales & marketing director for Marangoni’s Tyre Retreading business area points out that the Italian company is sticking to the growth and expansion strategy it presented two years ago.

6th April 2009/by Tyrepress Editors

Fedima Offers ”Widest Product Line-Up“

The retreading market is – just like the new tyre market – highly diversified. A retreading market segment that usually doesn’t automatically spring to mind, even though it offers retreaders good sales opportunities and kudos aplenty, is motorsports. It is this specific market segment that the leading Portuguese retreader, R31, with focusing on with its “Fedima” retreading brand. Furthermore, as the company’s German distribution partner points out, Fedima – a Bridgestone Qualitread retreading partner – has in particular acquired a reputation for its 4×4 and light truck tyre retreads for road and off-road applications. R31, or rather Fedima, as the company is usually and simply called, continues to invest into these market segments.

3rd April 2009/by Tyrepress Editors

Nokian Q1 2009 Sales Down following 2008 Sales Growth

At the Nokian Tyres’ Annual General Meeting, held on April 2, company president and CEO Kim Gran announced that first quarter 2009 net sales are clearly lower than in the first quarter of 2008 and a net loss is expected. On a more positive note, Gran estimates that the first quarter will be the weakest of the year, and Nokian Tyres’ sales will increase during the other quarters. Full year net sales in 2009 will, however, be weaker than in 2008.

Last year proved to be Nokian Tyres’ 17th consecutive year of profitable sales growth, the company president and CEO told AGM attendees. Net sales of 1.08 billion euros for the financial year ending December 31, 2008 represent a 5.5 per cent increase on 2007 results, and operating profit increased a similar amount

3rd April 2009/by Tyrepress Editors

Mondolfo Ferro Spreads its Wings

Founded in 1963 with the image of an eagle with its wings spread, Mondolfo Ferro specialises in the production of car tyres changers, wheel balancers, lifting platforms, wheels aligners, brakes and suspensions test benches, and exhaust systems analysers. Keen to publicise its innovative qualities, Mondolfo Ferro will be at the Autopromotec 2009 with its new wheel service products.

The Aquila Raptor is the new tyre changer with lever-less technology for mounting and demounting, making it possible, the company claims to eliminate risk and fatigue for the operator. It also believes the machine is operated intuitively helping to increase efficiency, rapidity and safety when operating on the rim or on the tyre. The Raptor boasts a centralised control console, a double-disc vertical bead breaker unit, which allows the bead breaking operation in the work position, and a safe and rapid wheel blocking pneumatic system.

The TBE 160 Matic truck tyre changer will also be presented. Conceived with lever-less technology, the machine can work with wheels with a rim diameter of up to 60” and a blocking system for the central hole of up to 110 mm. The main advantages of the TBE 160 Matic consist of the automated demounting tool and bead breaker. The machine also includes a self-supporting frame that guarantees greater freedom of movement for the operator by increasing the spaces around the machine.

2nd April 2009/by Tyrepress Editors

Stapleton’s Exclusive and Private Brands ‘Lead the Way’

As one of the largest distributors of passenger car tyres in the UK, Stapleton’s claims to be “leading the way” when it comes to private brands. The company offers a range of private and exclusive brands and offers dealer support packages that reward customer loyalty.

Prestivo, Stapleton’s own brand range of tyres, is positioned as a quality mid-range tyre and. According to company representatives, new sizes and tread patterns are scheduled for release later in the year. The range is available exclusively to members of Stapleton’s Prestivo Partners scheme, which offers dealer support including: exclusivity, attractive rebates, branded clothing, not to mention posters, POS material and other branded support items.

23rd March 2009/by Tyrepress Editors

Apollo Tyres Enters Sri Lankan Market

Exports of Apollo Tyres’ products to Sri Lanka have begun following the beginning of a working partnership with local Mitsubishi distributor United Motors. According to the head of International Marketing at Apollo, Rajesh Kumar, the company hopes to export six containers of truck, bus and passenger car tyres to Sri Lanka every month.

2nd March 2009/by Tyrepress Editors

Michelin Tyres Highly Recommended in European Test

Michelin reports its Energy Saver and Primacy HP tyres recently walked away with a “highly recommendable” rating in testing by the German motorist’s association ADAC and its Austrian and Swiss counterparts. Both tyres, representing 85 per cent of the summer passenger car tyres produced by the Michelin Group, received this highest rating in a comparative evaluation of eighteen different 185/60 R 14 H tyres and nineteen 205/55 R 16 W tyres.

27th February 2009/by Tyrepress Editors

Marangoni to Restructure “Tyre Retreading” Business Area

“Our company, like other companies that operate in the tyre sector, is not, and has not been, an island in itself.“ With these words, Brenno Benaglia explains the reach of the current economic recession and its consequences, which are shaping up to be structural rather than cyclical. Despite a clear cut in truck and passenger car retread production and sales figures, the sales & marketing director for Marangoni’s Tyre Retreading business area points out that the Italian company is sticking to the growth and expansion strategy it presented two years ago.

27th February 2009/by Tyrepress Editors

Serbia’s Trayal Resumes Production

According to the Beta News Agency, production at one of the three tyre factories belonging to Serbian manufacturer Trayal Corporation will recommence during the week of February 23 to 27, following a three-month pause. The company’s Dedina passenger car tyre factory is the first to resume activity since work stopped at the Trayal plants in mid-November 2008. To begin with, the factory will produce 4,200 tyres per day, significantly lower than the target of 10,000 passenger car tyres per day (by the end of 2009) set when investment into capacity expansion was announced in February 2008.

24th February 2009/by Tyrepress Editors