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Michelin discusses mid-term targets

At the Autumn Conference organised by Luxembourg-based broker Kepler Cheuvreux and held in Paris on 18 September, Michelin chief executive officer Jean-Dominique Senard confirmed the tyre maker’s 2015 operating profit target of €2.9 billion, some 20 per cent higher then 2013 estimates. He also said that capital expenditure is expected to peak between €1.8 billion and €2.2 billion in 2014 and 2015 before declining to between €1.6 billion and €1.9 billion in 2016 and €1.5 billion and €1.8 billion in 2017.

19th September 2013/12,345 Comments/by Tyrepress Editors

New port range a taste of Conti’s expansion strategy

Over the last decade or so Continental has focused heavily on its automotive businesses, and with an annual turnover of 32.76 billion euros it today ranks as the world’s third largest automotive supplier (behind Denso and Robert Bosch). But now the pendulum is swinging the other way. During a recent press conference, Nikolai Setzer outlined the company’s current strategy of investing into non-automotive areas in order to balance Continental’s footprint. The Tire division head also said investment is being undertaken to reduce vulnerability to automotive sector downturns.

18th September 2013/12,345 Comments/by Tyrepress Editors

Infinity holds first German Partner Conference

The Al Dobowi Group has initiated an annual Infinity German Partner Conference, having presented the Infinity Tyres programme and discussed new distribution strategies with a select group of German tyre retailers, distributors and journalists at Aschaffenburg’s Schloss Hotel in Bavaria. Infinity Tyres were introduced to the European market nine years ago, and the brand’s owner and global distributor expects a complete new passenger range for 2014 to bring faster year on year sales growth, especially in technically demanding markets such as Germany.

9th September 2013/12,345 Comments/by Tyrepress Editors

Sixth ANRPC Conference to be held in Colombo

The Association of Natural Rubber Producing Countries (ANRPC) is organising the sixth edition of its Annual Rubber Conference in Colombo, Sri Lanka on 8th October 2013. The Sri Lankan Government will be hosting the event, in association with the Ministry of Plantation Industries, Colombo, Sri Lanka, at the Galadari Hotel – Colombo.

9th September 2013/12,345 Comments/by Tyrepress Editors

Sharp growth in Trust My Garage membership

Trust My Garage (TMG) has experienced a boom in membership since the announcement that the scheme has applied to become a Government backed TSI code.

Following the announcement at the Trading Standards conference in June the number of independent garages wishing to become a TMG member has increased by an unprecedented 20 per cent.

2nd September 2013/12,345 Comments/by Tyrepress Editors

Mouldmaker Greatoo looking to expand into OTR markets

Chinese mould manufacturer Greatoo Incorporated is reportedly planning to establish intelligent factories for the production of large OTR tyre and speciality as well as other apparently high-end moulds as part of a so-called “structural adjustment strategy”. The move is being seen as a way of strengthening the core value of its company by focusing on the highest value sectors.

30th August 2013/12,345 Comments/by Tyrepress Editors

Union ratifies new Goodyear Deal

Bridgestone Americas’ new contract with the United Steelworkers of America was ratified earlier this month, and now it’s the turn of workers at six Goodyear Tire & Rubber plants in the US to give their deal the thumbs up. Workers at Goodyear’s Tonawanda plant, the last to ratify the deal, voted in favour of the four-year contract on 22 August; the USW union says that said members across the six plants approved the deal by a 3-to-1 margin.

23rd August 2013/12,345 Comments/by Tyrepress Editors

Goodyear to explain US union contract

Next Tuesday, at 9am local time (2pm BST, 3pm CEST), Goodyear Tire & Rubber will hold a conference call to discuss details of its newly ratified master labour contract with the United Steelworkers union. Participating in the conference call will be chairman and chief executive officer Richard J. Kramer and Darren R. Wells, executive vice-president and chief financial officer.

23rd August 2013/12,345 Comments/by Tyrepress Editors

Bridgestone extends golf sponsorship commitments

Bridgestone’s title sponsorship of the World Golf Championships-Bridgestone Invitational has been extended through to 2018. The continuation of this arrangement, which began in 2006, was announced by Bridgestone Corporation CEO Masaaki Tsuya and Bridgestone Americas CEO and president Gary Garfield together with Commissioner Tim Finchem, who represents the International Federation of PGA Tours, during a press conference prior to the leaders teeing off for the final round of the 2013 Bridgestone Invitational. Bridgestone also extended its official marketing partner relationship with the PGA Tour through 2018 and will remain the “Official Tire of the PGA Tour and Champions Tour.”

5th August 2013/12,345 Comments/by Tyrepress Editors

Silica masterbatch benefitting Cooper’s tyre production

Cooper Tire & Rubber reports it has now manufactured more than two million passenger car tyres using silica masterbatch (SMB) technology developed together with Mexico’s Industrias Negromex S.A. de C.V (INSA). The tyre maker says the technology has delivered a number of benefits, including improved mixing productivity and flexibility, the elimination of volatile organic compound (VOC) emissions) which are associated with the standard silanisation process of mixing silica) and improved silica dispersion in tyre tread formulations. Cooper says better dispersion means superior traction, wear and rolling resistance performance.

29th July 2013/12,345 Comments/by Tyrepress Editors

No Cooper conference call

Financial analysts will need to form their own opinions when Cooper Tire & Rubber releases its second quarter 2013 financial results on 8 August. The US tyre maker has announced that in light of its pending acquisition – described as a “merger” in a Cooper press release – by India’s Apollo Tyres, the company will not host a financial community conference call. In the absence of this otherwise regular event a press release will be published on the tyre maker’s website, and Cooper says further information will be available in Form 10-Q of the company’s quarterly report.

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

Sumitomo to launch 'fossil fuel free' tyre in 2013

Two papers delivered at the end of the tyre-based segment of the International Rubber Research and Development Board's International Rubber Conference 2013 focused on rubber technologies helping to create the next wave of green tyres. Dr Stuart Cook, the director of research at TAARC, gave a brief history of the research centre’s development of Ekoprena, starting with Michelin’s identification of the first “green tyre” back in 1992, while Sumitomo's Kozaburo Nakaseko indicated the corporation's intention to launch a "fossil fuel free tyre" in the second half of 2013, mixing "epoxidised natural rubber" with a more highly refined rubber product.

8th July 2013/12,345 Comments/by Tyrepress Editors

New PIPCO website and marketing programme

Worldwide-Marketing has launched a new brand and website to expand its international tyre bladders and related products sales programme. The products are manufactured by Polymer Industrial Products, also known as PIPCO. The new PIPCOWorldwide.com site is designed to support the expansion of the company’s global reach with offices in Central America, South America, Europe, Asia, and India. The increase in staff that comes with the move is expected to allow expansion of their turn-up bladder trial program, which has reportedly helped dozens of tyre plants increase their cure rates already.

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

Brawn’s “conscience is clear” before tribunal

Before this weekend’s Canadian grand prix, the major F1 tyre story had been the FIA’s decision to make Mercedes and Pirelli appear before an international tribunal based on the suspicion that Mercedes’ use of its 2013 car in a 1,000km tyre test "may constitute a breach" of the series’ rules. Mercedes principal, Ross Brawn has told BBC Sport’s chief F1 analyst Eddie Jordan that "it was a Pirelli test. What we were seeking was privacy not secrecy.”

10th June 2013/12,345 Comments/by Tyrepress Editors

Halfords Autocentres makes BEN a “long term partner”

Halfords Autocentres has made the automotive benevolent fund BEN a long-term partner. According to the company the move will see over 1,800 of the business’ employees helping to raise vital funds which will enable BEN to continue its work in the automotive community.

Each year BEN helps thousands of men, women and children – who either work or have worked in the automotive industry or are dependents of those who have – by providing different types of support tailored towards the circumstances of those affected. The nature of support will focus on providing information, advice and emotional support but can also extend to financial help.

5th June 2013/12,345 Comments/by Tyrepress Editors