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Michelin claims strategic validation in 2011 financial report

Michelin announced its full financial year report for 2011 today, its board claiming a vindication of its strategy in the process. The company produced “extraordinary results” according to chief financial officer Marc Henry, who presented the results in a conference call with managing partners, Michel Rollier and Jean-Dominique Senard. Alongside increased sales volume (up 6.7 per cent) and a 39 per cent increase in net income, the manufacturer’s management set its sights on a 2.5 billion euro profit goal by 2015. Michelin said it would capitalise on its competitive strength in speciality tyres, including “world leadership” of the earthmover segment and European leader in Agricultural tyres, with a new 40,000-tonne EMOTR plant in the near future, though a location has yet to be decided. Rollier also announced details of the completion of Senard’s succession, announced last year and due to be completed at the Annual Meeting on 11 May.

10th February 2012/by Tyrepress Editors

Clemson University 2012 Tire Conference

Clemson University in the USA announces the 28th Annual Tire Industry Conference, which is being held between April 18–20, 2012 at Westin Resort and Spa, Hilton Head, South Carolina.

9th February 2012/by Tyrepress Editors

Bandvulc staff celebrates 40 years in the business

Retreading specialist and fleet service provider Bandvulc recently celebrated its 40th anniversary. The Devon-based company marked the occasion at a recent end of year review. “With much subterfuge, code words and red herrings, members of staff managed to prepare a commemorative photobook, arrange a surprise gift and compile a 45 minute presentation to celebrate the occasion,” Bandvulc shares. During the proceedings commercial director Philip West delivered a light-hearted overview of the past four decades and secretly contributed messages of congratulations and best wishes from numerous customers and suppliers were shared with the O’Connell family, along with several mementoes.

8th February 2012/by Tyrepress Editors

3rd Guangrao tyre exhibition to be held in May

The third China (Guangrao) International Rubber Tire & Auto Accessory Exhibition will be held in Guangrao International Exhibition Center in Shandong Province in China on between 15 and 17 May 2012. According to the show’s organisers, preparations related to investment and promotional work are currently in progress.

7th February 2012/by Tyrepress Editors

Bandvulc Key Dealer Conference discusses plans for 2012

The Bandvulc Group recently held its annual BTC Key Service Partner Conference at its head office in Ivybridge, Devon, some four years since it was last been used as the venue. According to the company, the event was very well attended with the key partners travelling from all areas of the UK to attend the two day programme.

7th February 2012/by Tyrepress Editors

JK Tyre looking to export regionally from new plant

Commercial production got underway at JK Tyre & Industries’ new plant in Chennai, India on 5 February. The company announced the facility’s entry into service at a press conference in Chennai the following day.

7th February 2012/by Tyrepress Editors

Tyre making in the US cheaper than in China, says Carlisle

Going against a trend witnessed in the tyre industry over recent years, Carlisle Companies says it will transfer tyre production from China over to the United States – for cost reasons. At the company’s forth quarter 2011 conference call on 2 February, Carlisle Companies chairman, president and CEO David Roberts reported positive developments regarding efficiency levels at the company’s Jackson, Tennessee tyre making facility and then shared plans to make US production a greater priority.

6th February 2012/by Tyrepress Editors

Goodyear to announce Q4 2011 financial results

The Goodyear Tire & Rubber Company will report fourth quarter 2011 financial results before markets open on Tuesday, 14 February. The announcement will be followed by the customary investor conference call at 08:30 (13:30 GMT) with Richard J Kramer, chairman and chief executive officer, and Darren R Wells, executive vice president and chief financial officer.

2nd February 2012/by Tyrepress Editors

Encircle: Pirelli most recommended brand in 2011

Research conducted by Encircle Marketing reveals that Pirelli was the most recommended tyre brand in the UK during 2011, the second year running for the Italian-based manufacturer. The analysis, which continuously monitors brand recommendations in the market, found that Pirelli came top with 6.7 per cent of all recommendations.

26th January 2012/by Tyrepress Editors

Cinturato name returns, as Pirelli launches 2012 F1 tyre

Formula One tyre supplier, Pirelli has presented its 2012 range of tyres for the 63rd FIA World Championship at the Yas Marina circuit in Abu Dhabi. Responding to new aerodynamic regulations regarding blown exhausts, the tyres have been developed with a squarer profiles, in addition to previously promised characteristics such as softer, more competitive compounds with consistent degradation. Pirelli says it wants to help make races more entertaining and less predictable; it will try to make team strategies more important, though it still aims to have two to three pit stops. The other change is one of branding – Pirelli has reinstated the Cinturato name from the 1950s. Wet and intermediate tyres will feature Cinturato branding.

25th January 2012/by Tyrepress Editors

Pirelli signs sustainability agreement during international conference

Pirelli hosted an international conference on safety and the environment at its Milan headquarters on 23 January, during which the company’s chairman, Marco Tronchetti Provera signed a voluntary agreement with the Ministry for the Environment and Land and Sea Protection to reduce the climate impact deriving from activities related to the production and use of its tyres. The conference, attended by minister, Corrado Clini, who also signed the agreement, was entitled “Driving Sustainability: a safe road to the future” and marked Pirelli’s own Sustainability Day.

24th January 2012/by Tyrepress Editors

Techking’s Turkish partner launches Effiplus website

Techking’s Turkish passenger car tyre distribution partner has launched a local website promoting the Effiplus brand effipluslastikleri.com is seen as key marketing know-how in the company’s plans to the Effiplus brands.

23rd January 2012/by Tyrepress Editors

Vipal mobile school trains over 909 in tyre maintenance in 2011

Brazilian retreader, Vipal’s mobile training unit helped to qualify 909 industry professionals in 2011, travelling nearly 23,700km across Brazil. In the last five years, the Carreta-Escola, as the mobile unit is called, has conducted 553 training sessions, delivered to 7,006 people across Brazil, with the number of participating companies reaching 334. Vipal expects to train about 1,050 people in 2012.

18th January 2012/by Tyrepress Editors

Michelin launches its ‘recession’ tyre

During a press conference at the North American International Auto Show (NAIAS) in Detroit, Michelin North America’s recently appointed chairman and president Pete Selleck introduced the tyre maker’s latest product for a North America still feeling the effect of what some have dubbed the “Great Recession”. Called the Defender, the new passenger car range has been described by Selleck as a “product that meets the demands of Americans who are enduring difficult economic times and are insisting on top value for their money in a way not seen for decades.”

11th January 2012/by Tyrepress Editors

Tirecon Asia 2012

Described by its organizers – IGVision International Corporation of Shanghai – as "China's premier tyre industry conference", Tirecon Asia 2012 will take place in Shanghai on April 18-19.

Over 30 distinguished speakers from leading tyre industry companies across the globe will make presentations on a number of subjects, including prospects for the global tyre markets, forthcoming regulations and the latest advances in tyre technology.

9th January 2012/by Tyrepress Editors