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2012 a ‘record year in every way’, says Titan

Maurice Taylor may not be cut out for a high level diplomatic posting, but the man certainly knows how to run a profitable company. In the 2012 financial year Titan International increased its sales 22.4 per cent US$1,820.7 million – a record for the company. Gross profit for the year grew 26.7 per cent $294.1 million, or 16.2 per cent of net sales, as compared to $232.1 million, or 15.6 per cent of net sales in 2011. Income from operations in the current year was $174.7 million, compared to $132.2 million in 2011, an increase of 32.2 percent, while net income for year-end 2012 was $95.6 million, compared to $58.2 million in 2011, an increase of 64.3 per cent.

26th February 2013/12,345 Comments/by Tyrepress Editors

Lanxess shares on advanced rubber activities at Tire Tech

A high profile exhibitor and participant at this week’s Tire Technology Expo has been Lanxess. Senior personnel from the German specialty chemicals company were present at the Cologne-based show to share the role Lanxess products play in the manufacture of environmentally-friendly, label-friendly tyres.

7th February 2013/12,345 Comments/by Tyrepress Editors

Conti outlines new loan agreement

German tyre maker and automotive supplier Continental has improved its debt maturity profile through the signing of a new syndicated loan agreement. Committed to by approximately 30 domestic and international banks, the credit amount has been reduced slightly. It now totals 4.5 billion euros and is split up into two tranches of differing duration – a 1.5 billion euro loan with a term of three years, and a five-year, 3 billion euro revolving credit line. For the new syndicated loan, Continental has been able to obtain the release of the asset collateral previously put up for financing and has also implemented “further simplifications” with regards to the documentation.

23rd January 2013/by Tyrepress Editors

Pirelli revealing 2013 motorsport plans today

Having officially ‘kicked off’ its 2013 motorsport season, later today Pirelli will share its news regarding the upcoming year. At 11:30am local time (10:30am GMT) the Italian tyre maker will conduct a press conference at its Milan headquarters; the event will be streamed online via the company’s website and viewers will be given the chance to submit questions to the Pirelli team through the company’s Facebook page.

23rd January 2013/by Tyrepress Editors

Randstad to hold first ever TerraClean dealer conference

The manufacturer of TerraClean – a product designed to clean internal engine components by removing harmful carbon deposits without the need to dismantle the engine – is to hold its first conference for its growing network of service centres. Randstad says its new television advertising campaign, to be aired across a number of digital and satellite TV channels, will be previewed at the conference. TerraClean claims to increase the miles per gallon of vehicles by between four and 15 per cent, reduce emissions, extend component life and improve petrol and diesel vehicle performance. The product has won an endorsement from TV motoring specialist and star of The Discovery Channel’s ‘Wheeler Dealers’, Edd China.

18th January 2013/by Tyrepress Editors

Autopromotec details Aftermarket Meeting 2013

Aftermarket show Autopromotec has announced details of 2013’s International Automotive Aftermarket Meeting (IAAM13) on 23 May 2013. Previously known as the EAAS (European Automotive Aftermarket Symposium), the conference aims to provide companies and professionals involved in the after-sales sector with an insider's perspective on the trends and developments within the aftermarket industry in Europe, as well as further afield. It will focus on new international channels for sales and marketing activities, both within Europe and selected strategic countries, such as those of the BRIC group (Brazil, Russia, India and China).

17th January 2013/by Tyrepress Editors

Eurotire sponsors St. Petersburg TechGorMet-21 Century Conference

Eurotire sponsored the “TechGorMet-21 Century” Conference, which took place in St. Petersburg, Russia between 14-16 November 2012. The underlying theme for this conference was “New Technologies for Mineral Extraction and Processing Control”. Over 200 people from over 12 countries participated in this International Scientific and Practical Conference.

14th December 2012/by Tyrepress Editors

Pirelli hosts Volvo customer track day at Goodwood

The winners of a recent Pirelli promotion run in collaboration with Volvo recently enjoyed a day with Mithril Racing School at Goodwood Motor Racing Circuit. The promotion, which was run from July to September, enabled all Pirelli tyre purchases from the official tyre suppliers to enter the promotion. Six league divisions were set up by Volvo: five divisions for existing members of the programme and a sixth division was set up for dealers who were new to the scheme.

11th December 2012/by Tyrepress Editors

Latest Pirelli Key Point conference a success, says tyre maker

Pirelli UK Tyres shares that the Pirelli Key Point conference it held earlier this month was well received, with more than 25 customers attending a two-day event that culminated in a visit to the Bentley Motors factory in Crewe. Pirelli Key Point is an industry accreditation scheme that puts independent tyre dealerships through a stringent auditing process in order to gain accreditation and take advantage of a number of business benefits. Pirelli UK renamed its former Driver retail scheme to Pirelli Key Point in January in order to bring it in line with Pirelli European retail strategy.

30th November 2012/by Tyrepress Editors

Thrills and spills in Macau

International News, Motorsport

Three decades after Japanese tyre manufacturer Yokohama began supplying tyres to the Macau Grand Prix, the company returned to the glitz and glamour of what is the Chinese equivalent of Las Vegas to celebrate 30 years of partnership with the event. In order to mark the occasion, Tyres & Accessories was there to smell the rubber and witness the racing action as well as report on the race-to-road developments of the tyre supplier (see separate article in December's magazine for more on this).

28th November 2012/by Tyrepress Editors

JLR/Chery JV to produce Jaguar and Land Rover branded vehicles

British automotive success story Jaguar Land Rover is to produce Jaguar and Land Rover branded vehicles in China via its joint venture with Chery Automobile Company Ltd. The two companies laid the foundation stone for their new manufacturing facility in China on 18 November 2012 following formal approval from the Chinese Government for their joint venture and a licence to manufacture Jaguar Land Rover vehicles and new models for a partnership brand in China.

19th November 2012/by Tyrepress Editors

Goodyear to present at Goldman Sachs Industrials Conference

The Goodyear Tire & Rubber Company has announced that it will webcast its presentation at the 2012 Goldman Sachs Industrials Conference in Boston on November 13. During the presentation Darren R Wells, executive vice president and chief financial officer, will provide a business overview and discuss the company’s strategies.

8th November 2012/by Tyrepress Editors

Scottish tyre dealer’s 4 sites become GT Radial Performance Centres

Ladybank Tyres in Fife, Scotland has become the latest garage to sign-up to the revised GT Radial Performance Centre (GTPC) programme. The company’s Target Tyres subsidiaries in Blairgowrie, Glenrothes and Perth have also become GTPCs in a deal secured by the brand’s exclusive UK distributor, Micheldever. All four sites have been placed on the revamped Passport to Profit programme, which allows them to access tailor-made marketing initiatives, training, merchandising and ride and drive events designed by GT Radial to increase footfall and profits.

25th October 2012/by Tyrepress Editors

GT Radial working with Micheldever on Performance Centre programme

To ignore the old adage about books and covers, the latest manual to support the Micheldever Tyre Services exclusive brand, GT Radial says something about the support the brand is now receiving. When Tyrepress.com spoke with general manager at GiTi Tire UK, Brian McDermott and Marketing manager & European brand manager, Jenny Leeson about the new GT Radial Performance Centre initiative – supported by Micheldever – the first thing to be noted was the dynamic presentation materials, led by the latest version of the brand’s marketing manual. Where before, the relatively young brand was represented by a modest A5 booklet, the latest edition, ring-bound to allow for anticipated new products and announcements is “streamlined for personal selling”, says Leeson.

24th October 2012/by Tyrepress Editors

GiTi appoints new Portuguese distribution structure

International News

GiTi Tire (Europe) reports that it is aiming to increase market share in Portugal with a new distribution structure for the GT Radial brand. From this month Tiresur, which already controls the brand’s Spanish distribution, will be responsible for the passenger car, 4×4 and light truck tyres, while SEA will continue to control the commercial vehicle segment including medium and heavy truck and bus tyres.

18th October 2012/by Tyrepress Editors