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Cooper posts improved Q1 results

Despite higher manufacturing costs in the first quarter of 2012, including costs related to the lockout at its Findlay plant, Cooper Tire & Rubber has announced improved results. The company reports net sales of US$984 million in the first three months of the year, an increase of $82 million, or nine per cent, compared with the first quarter of 2011. Operating profit was $48 million for the quarter, an increase of $16 million from the prior year same quarter. Net income attributable to Cooper Tire & Rubber for the quarter ended 31 March 2012 was $22 million, or $0.34 per share on a diluted basis, compared with $16 million, or 25 cents, for the first quarter of 2011.

3rd May 2012/by Tyrepress Editors

Great Wall the first Chinese marque on sale in UK

Great Wall Motor Company reports that it has become the first Chinese marque to get its cars on sale in UK. The first from the firm to land on these shores is the Steed pick-up on sale now, priced from £13,998 (CVOTR) and it comes with 16-inch alloy wheels as standard. Earlier this year another Chinese OEM, Geely, announced its plans to market vehicles in the UK.

20th April 2012/by Tyrepress Editors

Nexen increases Italian market focus

International News

Hot on the heels of the news that growing Korean tyre manufacturer Nexen has secured OE supply to Fiat, the firm has revealed details of its plans to expand in the well-known marques domestic Italian market. With a replacement market potential of over 30 million tyres a year in the passenger car segment, Nexen has suggested Italy is one of its key countries for expansion in Europe.

11th April 2012/by Tyrepress Editors

Harmonic names Italmatic as preferred supplier

Harmonic Energy Inc. has identified Italmatic as the preferred tyre manufacturing equipment supplier for all of its facilities. The company reports that it came to this decision after reviewing the top equipment suppliers for tyre manufacturing. Harmonic has identified Italmatic Tyre, which is based in Italy, as the premier choice for highest quality and safety for production of what it calls re-new automotive tyres.

23rd February 2012/by Tyrepress Editors

‘Bonus shop’ boosts online ordering at Heuver

Online ordering was first launched by Dutch wholesaler Heuver Tyrewholesale in 2008, and the company reports that last year it accounted for 12 per cent of total sales. This figure represents a much higher utilisation of the online facility, and Heuver says this boost occurred through the introduction of what it calls a bonus shop. The introduction of this online incentive scheme, which offers a savings system for gifts, resulted in a faster acceleration in digital traffic than anticipated – the wholesaler says it resulted in a doubling in the number of online orders it received in 2011. Heuver states that its move into digitising orders, including the introduction of a mobile website, clearly meets a need.

16th February 2012/by Tyrepress Editors

Heuver to market Aeolus passenger car tyres in Europe

In 2012 Aeolus Tyres will enter the European passenger car tyre market in partnership with Netherlands-based Heuver Tyrewholesale. Although Aeolus will be entering the passenger car market for the first time, the company reports that it was certainly not an overnight decision to do so. A whole new factory has been built in China and an international team of experienced tyre specialists is being used to develop the tyres. In addition Heuver reports that it is providing “frequent technical input,” to enable it to fulfil the requirements of the European market as well as possible.

7th February 2012/by Tyrepress Editors

Starco introduces nano-coating to steel wheel range

A world first has been claimed by Denmark’s Starco. The company reports it has begun coating the steel wheels it produces, both pressed and spun, with the ‘e-coat’ nanotechnology treatment. The application of e-coat during the steel wheel production process began at Starco’s Beli Manastir, Croatia wheel plant at the start of this year, following the installation and commissioning of equipment there in the final quarter of 2011. Starco says it is currently the only press wheel manufacturer using e-coat.

27th January 2012/by Tyrepress Editors

Preliminary figures show 2011 growth at Delticom

Online tyre dealer Delticom reports that 2011 was “again a successful year.” The German-based company’s preliminary figures for the recently concluded financial year show a 14.4 per cent increase in revenues, to 380.0 million. During the 12 month period EBIT grew 9.6 per cent to 52.2 million and earnings per share were up 8.4 per cent to 2.99 euros.

19th January 2012/by Tyrepress Editors

97% of Kwik-Fit Fleet mobile jobs now within time window

Kwik-Fit Fleet says a £600,000 investment in its telecommunications system has resulted in an increase in the number of ‘same day’ jobs being undertaken by the company’s mobile tyre repair and replacement technicians. The introduction of new technology has more than halved waiting time for fleet drivers, the company reports. It also allows Kwik-Fit Fleet to better control the quality of calls, and the company states it will “lead to even greater process improvements designed to improve driver experience over the coming months.”

15th December 2011/by Tyrepress Editors

Goto to take on Yokohama’s Tire Group presidency

On 1 January 2012, Yuji Goto will take over from Hikomitsu Noji as president of Yokohama Rubber’s Tire Group, the Japanese company reports. Goto is already general manager of Yokohama’s Tire Global Business Planning Division, a role he will continue in next year. Hikomitsu Noji will retain his position as president and representative director of Yokohama Rubber.

9th December 2011/by Tyrepress Editors

Silverstone preparing for South American exports

Malaysian news agency Bernama reports that Silverstone Bhd intends to begin exporting tyres to Brazil and Argentina early in 2012. Speaking with the agency at the launch of the company’s Atlantis V7 passenger car tyre, Silverstone CEO Paul Chan said the tyre maker, who was acquired by Toyo Tire & Rubber last year, expects to export more than 10,000 tyres per month to Brazil and Argentina.

21st November 2011/by Tyrepress Editors

Trelleborg postpones Capital Markets Day

Trelleborg has decided to postpone its Capital Markets Day, originally scheduled for November 30, 2011, until next year. The company says it will announce a new date for the event at a later stage.

2nd November 2011/by Tyrepress Editors

HD Booster takes jump starters to a ‘higher level’ says Winntec

Jump starters are considered by many to be a necessary piece of in kit modern workshops, and Winntec Europe opines that any jump starter is only as good as the performance of its charger. By combining these two items in one unit, Winntec believes it has developed a ground-breaking product – its all-new HD Booster for cars, trucks, other heavy vehicles and machinery. In announcing the HD Booster’s launch, the company says it has taken the concept of professional jump starters to an “even higher level of efficient performance.”

30th September 2011/by Tyrepress Editors

Armond Boyes third in a series of retirements at Pelmar

The Pelmar Group has announced that Armond Boyes, managing director of its North American subsidiary, Pelmar USA LLC is to retire on 1 November 2011. Armond Boyes joined the Pelmar Group in 2008 from his previous position as general manger for retreading at Goodyear North America. He will continue as a consultant and will remain on the company's board of directors. No decision has yet been made about who will replace Boyes, but the company reports that it is considering a number of candidates.

26th August 2011/by Tyrepress Editors

ATS Euromaster doubles winter tyre order

ATS Euromaster has doubled its investment in cold weather tyres to more than £6 million for winter 2011/2012, with orders spread across a mix of premium, mid-range and budget brands. As a result the company reports that it will be stocking a range of sizes suitable for most makes of car and van. Last year the company spent around £3 million on winter tyre stocks.

Chris Hufflett, group operations director of ATS Euromaster, told Tyres & Accessories: “Last year the UK had its first real taste of cold weather tyres and they quickly became ‘hot ticket’ items – we could have sold our stock several times over. Long range forecasts for this winter point towards it being the fourth bad winter in succession. If this rings true, it will drive a very strong market for cold weather tyre sales across the board.

16th August 2011/by Tyrepress Editors