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Goodyear: Dalian $1 Billion Tyre Factory Report ‘Inaccurate’

Following reports that Goodyear was about to sign an agreement to invest a 10-figure sum in a production plant in Dalian, China, Goodyear has responded to Tyres & Accessories with the following statement. According to Keith Price, Goodyear’s National Media Relations Director: “Dalian is already an important location for Goodyear and further investments in that location are possible, however we continue to explore opportunities in Asia and Dalian is one of them.”

According to Price, Goodyear is not currently in a position to invest the huge figure Reuters reported: “$1 billion in one plant in less than several years is an impossibility for Goodyear. We will make the appropriate announcements once any decisions have been finalized.”

“We also are continuing to evaluate strategic investments in high-value-added and low-cost capacity in Eastern Europe and Asia,” the statement continued, adding: “As indicated in Goodyear’s fourth quarter investor conference call, the company remains committed and on track to reduce our net debt, improve our cash flow and achieve our next stage metrics.”

28th February 2008/by Tyrepress Editors

TIA Retreading & Recycling Conference Grows 60%

The Tire Industry Association (TIA) reports that tyre industry visitors to the second Commercial Tire, Retread & Recycling Conference (CTRRC), held in Florida, increased by more than sixty per cent over last year. The CTRRC had 404 registered attendees, including 294 from the commercial/retread market and 110 recyclers who attended the three-day conference that included various seminars, a recycling tour and an equipment demonstration. This meeting was held again in conjunction with the Annual Meeting of the Technology and Maintenance Council (TMC) of the American Trucking Associations (ATA).

25th February 2008/by Tyrepress Editors

2007 Another Record Year for Conti

Continental AG is boasting its sixth consecutive year of record sales and earnings figures in 2007, and the company’s Executive Board chairman has expressed confidence this favourable pattern will continue. “We intend to consistently continue our record streak this year,” said Manfred Wennemer at a press conference on February 21. “Despite the clouds hanging over the economic environment, we are setting clear targets: strengthened by our Siemens VDO acquisition, in 2008 we intend to improve the total calculated sales generated in 2007 of around 26.4 billion euros….With Continental in its traditional setup, we have kept the promises we made. In the new company era, this will not change.”

21st February 2008/by Tyrepress Editors

Emphasising the “Good” in Goodyear

The most recent list of the “100 Best Corporate Citizens” to appear in the US magazine ‘Corporate Responsibility Officer’ (CRO) features at least one very familiar name. Goodyear Tire & Rubber made its debut appearance in this who’s who of good business, being counted as number 72 of the 100 best US headquartered public companies.

This is the ninth year in which the Best Corporate Citizens list has been published, and in compiling its “100 Best,” CRO, in partnership with research and consulting firm IW Financial, ranked the corporate responsibility efforts of companies in eight categories: climate change, employee relations, environment, financial, governance, human rights, lobbying and philanthropy. CRO determined the final ranking as a weighted average of the eight categories. Goodyear was the only tyre company honoured with a berth in the top 100.

21st February 2008/by Tyrepress Editors

2007 Another Record Year for Conti

Continental AG is boasting its sixth consecutive year of record sales and earnings figures in 2007, and the company’s Executive Board chairman has expressed confidence this favourable pattern will continue. “We intend to consistently continue our record streak this year,” said Manfred Wennemer at a press conference on February 21. “Despite the clouds hanging over the economic environment, we are setting clear targets: strengthened by our Siemens VDO acquisition, in 2008 we intend to improve the total calculated sales generated in 2007 of around 26.4 billion euros….With Continental in its traditional setup, we have kept the promises we made. In the new company era, this will not change.”

21st February 2008/by Tyrepress Editors

RMA Sees Truck Tyre Safety Regulations Coming

The US Rubber Manufacturers Association expects the NHTSA to outline its new tyre safety regulations covering medium/heavy truck tyres later this year, according to Dan Zielinski, vice president of communications, who made a presentation during last week’s TIA Commercial Tire, Retread & Recycling Conference. The conference was held in conjunction with ATA’s TMC Show in Orlando.

Zielinski said NHTSA intends to update FMVSS 119, but retreaded truck tyres are not expected to be part of that update. Retreads, instead, may be dealt with separately in the future. (Tire Review/Akron)

12th February 2008/by Tyrepress Editors

Kumho Tyres to Sponsor Air Ambulance Conference

Kumho Tyres raised funds for the Association of Air Ambulance Charities (AAAC) throughout 2007, and at this year’s Autosport International show in Birmingham presented AAAC chairman David Philpott with a cheque for £4,650. Now, as a further gesture of support, the tyremaker will sponsor the first ever AAAC annual conference, to be held on 10th and 11th November 2008.

Speaking on behalf of the charities, Mr. Philpott said “We are thrilled to be associated with Kumho Tyres, a world class brand that shares our association’s commitment to excellence and quality. We look forward to an ongoing partnership in months to come.” Kumho Tyre (UK) marketing director John Thrupp added that “Kumho Tyres is delighted to support the AAAC and the vital service its members provide to us all in the UK, and to motorists in particular.”

12th February 2008/by Tyrepress Editors

Goodyear Launches New Assurance Tyre

Goodyear Tire & Rubber is to add a third product offering to its Assurance line of tyres. The announcement was made during the Goodyear Dealer Conference, an annual gathering of the company’s North American retail network.

The new tyre, named Assurance, is a mid-tier product in Goodyear’s passenger tyre family, joining the brand’s two premium offerings in that segment: Assurance ComforTred and Assurance TripleTred. The new tyre will initially be offered in the US in 27 sizes at Goodyear retail outlets and independent tire dealerships by the end of March.

The Assurance is available in tyre sizes ranging from 15- to 17-inch rim diameters. The initial size offering covers 80 per cent of the targeted vehicle group, and includes popular vehicles, such as the Chevrolet Malibu, Ford Taurus, Honda Accord, Toyota Camry and many more.

4th February 2008/by Tyrepress Editors

Goodyear Launches DuraSeal for Trailer Tyres

Three years have past since Goodyear first released its DuraSeal puncture resistance technology, and at a US and Canadian dealer conference on February 1 the company announced it is adapting the self-sealing system for commercial tyres for use on long-haul trucks; the latest DuraSeal product to join Goodyear’s commercial tyre family is the G316 LHT line-haul trailer tyre.

Already proven in mixed-service applications, such as logging, construction and mining, the technology uses a gel-like, solvent-free compound built into the tyre’s inner liner that instantly seals punctures by flowing into void areas and around objects. Officials at Goodyear claim the technology as a unique product, stating that no other tyre manufacturer offers commercial tyres with built-in sealant. “The technology transfer into line-haul trucking is significant,” said Steve McClellan, vice president of Goodyear Commercial Tire Systems. “DuraSeal in the G316 LHT helps reduce fleet downtime, helps lower a company’s cost of operation and enhances retreadability.

4th February 2008/by Tyrepress Editors

CMT Asks How Asian Industry Will Answer Price and Environmental Questions

The third Rubber & Tire Asia/China Markets conference will discuss how the Indian and Chinese/Asian markets should deal with escalating natural rubber prices, the need to reduce the so-called CO2 shock and other environmental issues. Some of companies represented included Lanxess, Michelin, The Thai Rubber Association, Bekaert, South China/Wanli Tires, Pouchen Corporation, and JK Tires. The conference will be held on 28-29 February in Bangkok, Thailand.

With natural rubber (NR) and synthetic rubber (SR) prices continuing to persist, Thailand remains the top global rubber producer, with India following closely behind. Meanwhile, the tyre industry remains the core application for butyl rubber, consuming 86 per cent of the global supply. It is estimated that by 2010, global annual tyre production will reach 1.7 billion, up from 1.4 billion in 2005. Most of that growth in Asia will come from South China/Wanli Tires and JK Tires have been invited to share their insight on local market developments.

14th January 2008/by Tyrepress Editors

Yokohama Pumped Up for Big Screen Role

Yokohama has announced it has concluded a product placement agreement for the latest Hollywood film by Matrix directors the Wachowski brothers. The film, written and directed by the brothers, is titled Speed Racer and is scheduled for release in major international markets in May 2008.

Under the agreement, Yokohama will supply tyres for the technological star of the film, a car named “Mach 5,” and upon the film’s release the tyremaker also carry out extensive promotional activities in some 40 countries where it operates overseas subsidiaries and affiliates. Yokohama reports that it looks forward to the opportunity to further enhance global recognition of the ‘Yokohama’ brand name through association with this film.

11th January 2008/by Tyrepress Editors

ECI Raises ‘Full house’ Sign As Tyrexpo Africa ’08 Sells Out

The ‘full house’ signs went up at Tyrexpo Africa ’08 this week as organisers of the international tyre and equipment show found room for a clutch of final exhibitors for the 4-6 March event in Johannesburg’s Sandton Convention Centre. Selling all of the available stand space means that the show will offer visitors around eight per cent more companies to talk to (over 100 in total) and 10 per cent more floor space to cover, compared to the inaugural show back in 2006. More than 20 different countries will be represented at the international gathering, with southern African, Chinese and Indian suppliers providing the largest numbers of exhibitors.

11th January 2008/by Tyrepress Editors

TIA Sets Plan for Commercial Tyre Event

TIA has outlined its agenda for the upcoming Commercial Tire, Retread & Recycling Conference, which will be held in conjunction with ATA’s TMC Show in Orlando. TIA’s program will run February 5-7. The event opens on Tuesday, February 5 with the TMC Exhibition & Reception at the Orange County Convention Center from 5:30 to 8 p.m.

TIA’s program continues on Wednesday, February 6 with the TMC trade show from 7:30 a.m. to 1 p.m., followed by the opening session from 3:30 to 4:30 p.m. featuring speeches by Tavio Headley of ATA who will look at the economy, and Don Shea, president of the RMA, who will provide an outlook for the tyre industry. This session and following seminars will be held at the Rosen Centre Hotel, adjacent to the convention centre.

10th January 2008/by Tyrepress Editors

RMA Co-Hosts Scrap Rubber, Plastic Conference

The Rubber Manufacturers Association (RMA), Asphalt Rubber Technology Service at Clemson University and the California Integrated Waste Management Board (CIWMB) are sponsoring the second “Scrap to Profit – Using Ground Rubber in Rubber and Plastic Products” conference, May 8-9 at the Solamar Hotel in San Diego, Calif.

The conference will feature presentations on several major issues affecting this use of ground rubber, including looks at production, marketing, product development, and health issues pertaining to recycling rubber and plastic products. (Tire Review/Akron)

10th January 2008/by Tyrepress Editors

Ingenuity Welcome at Johnson Controls

Johnson Controls has launched a new brand communications platform and refreshed corporate identity that incorporates a new logo, corporate slogan and advertising campaign. The company said the move is designed to better align its image and marketing efforts with the company’s current strategic direction. Using the slogan “Ingenuity Welcome,” Johnson Controls is promoting itself as a diversified, multi-industrial company organised into three divisions: Automotive Experience, Building Efficiency and Power Solutions.

7th January 2008/by Tyrepress Editors