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Toyo USA signs Georgia bond deal to expand plant

Toyo Tire North America has signed a deal with the state of Georgia and Bartow County to help expand the county’s bonding capacity and Toyo’s Georgia plant, reports Tire Review. The $910 million bond deal will add 470 new jobs to the plant, which first opened in 2006. Georgia governor Nathan Deal, Toyo Tire North America Manufacturing president Jim Hawk and James Jarrett, chairman of the Bartow-Cartersville Joint Development Authority signed the deal at a press conference on 12 July.

13th July 2011/by Tyrepress Editors

Tyre production a man’s job – in Saudi Arabia

Women in Saudi Arabia are now excluded from working in tyre manufacturing jobs following the release of a list of over 20 jobs deemed unsuitable by the country’s Ministry of Labour. Job number ten on the list compiled by labour minister Adel Fakeih is “Working in the rubber industry for making tyres,” and at a press conference Fakeih claimed the aim is to prevent women from working in jobs they may not be physically suited to undertake. “The Saudi woman has every right to work,” Fakeih stated. “We are only implementing regulations that will protect her and ensure her rights.”

13th July 2011/by Tyrepress Editors

Frog feet could help tyres stick

The biology of tree frogs could provide innovative solutions to tyre design problems, according to a Scottish academic. "Tree frog feet may provide a design for self-cleaning sticky surfaces, which could be useful for…tyre performance and even long lasting adhesives," said researcher, Niall Crawford at the University of Glasgow.

5th July 2011/by Tyrepress Editors

Sava takes on Goodyear Dunlop name

As of July 1, Slovenia’s Sava Tires will be known as Goodyear Dunlop Sava Tires. This name change was announced by Sava Tires management at a press conference on June 28; the reason given for adopting the new name was that it will bring the Sava operation’s company name in line with the other Goodyear Dunlop Tires Europe companies. Furthermore, it is expected the new name will give the company greater visibility and strengthen its market position.

30th June 2011/by Tyrepress Editors

SMMT broadcasts automotive summit across Internet

Senior figures from across the automotive industry are meeting for the annual SMMT International Automotive Summit in Westminster today, which is being broadcast live across the Internet. The industry has had a major boost in recent weeks with huge investments announced by BMW and Nissan, but is the wider industry able to secure similar funding? For our part, Tyres & Accessories has lodged a question about the effect of the Longbridge revival and the UK’s relationship with China on the tyre trade, which we will report on as and when this is answered.

28th June 2011/by Tyrepress Editors

ANRPC: no revisions to 9.936 million tonne 2011 supply estimate

As of June 24, 2011, the Association of Natural Rubber Producing Countries has clarified that it expects a 4.9 per cent rise in the total supply of natural rubber for 2011. The Association estimated that 9.936 million tonnes will be produced this year. It issued a statement to rebuff reports that the ANRPC has quoted different figures.

27th June 2011/by Tyrepress Editors

China to Host 2011 ANRPC conference

More than a third of the world’s natural rubber supplies go to meeting demand in China, so it is perhaps fitting that the fourth annual Association of Natural Rubber Producing Countries (ANRPC) conference is being held there. The one-day conference will take place on November 2 in Haikou City, Hainan Province and will be co-hosted by China’s Ministry of Agriculture and the China Natural Rubber Association.

16th June 2011/by Tyrepress Editors

Goodyear to webcast Deutsche Bank presentation

The Goodyear Tire & Rubber Company will broadcast its Deutsche Bank Securities Inc. Global Industrials and Basic Materials Conference on its investor relations website. The conference takes place in Chicago on Thursday, 16 June, where Darren R Wells, executive vice president and chief financial officer, will discuss the company’s strategies and field questions from analysts and investors.

14th June 2011/by Tyrepress Editors

Pirelli appoints Mauro Pessi NAFTA region CEO

Pirelli has appointed Mauro Pessi as president and CEO of its South America region with immediate effect. According to the company, the move is intended to facilitate the “consolidation…development of Pirelli leadership in the growing markets of South America.” Meanwhile, in order to maintain continuity of Pirelli’s business strategy in North America, the firm has announcement that Pessi will retain the chairmanship Pirelli NAFTA Region.

13th June 2011/by Tyrepress Editors

Pelmar 2011 conference to be held in Israel, Hagai Peled takes over

Pelmar Engineering Ltd has announced that its annual conference will take place Israel between 19 until 23 June 2011. The last conference was held from 12 – 13 February 2010 in Koln, Germany; held just after the Tire Technology Expo Cologne. The conference also marks the 45th Anniversary of the Pelmar Group and the change in management with Hagai Peled taking over as CEO from his father, Jacob Peled, who will remain as executive chairman of the group.

13th June 2011/by Tyrepress Editors

Michelin continues to invest in UK manufacturing operations

Speaking during Challenge Bibendum last week, managing general partner, Michel Rollier confirmed that Michelin continues to invest in its Dundee and Ballymena plants in the UK, where the firm is said to have made “tremendous efforts” to improve the efficiency and productivity of its plants.

24th May 2011/by Tyrepress Editors

Halfords Autocentres: Up to 600 possible expansion sites

Halfords, which bought Nationwide Autocentres almost 18 months ago, has suggested that there could be scope to increase its expansion plans beyond the ambitious target to double its presence to around 400 sites announced during the purchase. During a recent conference with financial analysts the company spoke of the “analysis of potential catchments – 400 possibly up to 600 sites.”

23rd May 2011/by Tyrepress Editors

Titan 2011 sales, earnings outlook revised

As he prepares for a conference call on May 23 to discuss his company’s first quarter 2011 results, Titan International chairman and CEO Morry Taylor, offered a revised outlook for the remainder of the year.

20th May 2011/by Tyrepress Editors

Increased capacity and 444 new jobs – Conti confirms US plant investment

In response to growing demand for Continental and General Tire brand passenger car and van tyres in Northern and South America, Continental Tire the Americas (CTA) has announced plans to invest US$224 million increasing capacity at its Mt. Vernon, Illinois factory. Following the recent signing of various contracts by Illinois Governor Pat Quinn, details of the investment were unveiled at a press conference at the plant on May 12; a key announcement was the creation of 444 new full-time positions over the coming four years.

13th May 2011/by Tyrepress Editors

Goodyear to report on first quarter on 29 April

Goodyear has announced that it will report its first quarter financial results before markets open on 29 April, followed by an investor conference call at 10:00 local time (five hours behind the UK). Chairman and chief executive officer Richard J Kramer and executive vice president and chief financial officer Darren R Wells will be present. As usual, the manufacturer will post the information on its investor relations website 45 minutes before the conference call. A replay will be available on the website.

19th April 2011/by Tyrepress Editors