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Hannover-based Continental AG is a leading automotive supplier and – according to the company – is “the choice of leading car manufacturers, offering award-winning tyres that deliver responsive braking in all weather conditions.”

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Conti celebrates key step towards Sumter plant completion

A significant milestone in the construction of Continental Tire the Americas’ Sumter plant in South Carolina was reached with the securing of the final beam of the million square foot (93,000 square metre) greenfield plant’s basic structure on 19 February. The tyre maker celebrated the achievement with an event attended by local and state dignitaries, who were given the opportunity to see construction progress first-hand. It is now eleven months since the groundbreaking ceremony at the 330 (134 hectare) acre site was held.

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  4. Michelin truck tyre plant closure announcement anticipated
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Geneva show intro for Yokohama’s latest Advan

The recently-launched Yokohama Advan Sport V105 will enjoy its public debut at this year’s International Auto Salon in Geneva, Switzerland. The new tyre will be displayed at the Yokohama Rubber stand fitted to a Mercedes-Benz SL, a car the tyre maker describes as “just the kind of premium vehicle the new Advan Sport V105 was designed for.” An emphasis will placed on the tyre’s stability, which Yokohama says matches that of predecessor tyre the V103 in the super high speed range, plus its improved wet and dry surface and braking performance. In addition to the SL, the Advan Sport V105 MO is fitted as original equipment on the Mercedes-Benz A-Class, B-Class, C-Class, SLK-Class, and CLS-Class.

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  1. Yokohama Advan Sport OE on New Cayenne
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  3. Yokohama previews Advan Sport V105 in Macau
  4. Yokohama-equipped takes Malaysian endurance race hat-trick
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Conti ‘delighted’ with evo winter test result

For those of you who missed evo’s recent winter tyre test, Continental wishes to point out that its ContiWinterContact TS850 came out on top. Eight size 205/55R16 winter and all-season tyres – and one Continental summer tyre – were jointly evaluated by evo tester John Barker and testers from Auto Express. Evo found the TS850 to be “responsive, stable and predictable in all scenarios” and said “winter tyres come no more capable or reassuring that this.”

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FIT opens 5th depot in Berkshire

First Industrial Tyres Ltd (FIT) has opened its fifth distribution depot. FIT, which was founded in 2010 by Edward Woolley, has opened the depot in Newbury, Berkshire with a view to serving the south and west of England. Prior to his latest venture, Edward Wooley was managing director of Mobile Industrial Tyres Ltd and Watts Industrial Tyre Services Ltd.

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Steel haulier signs fleet supply deal with TTS

West Midlands tyre dealer Truck Tyre Solutions (TTS) reports securing a contract with one of the UK’s leading steel hauliers to supply Continental tyres as exclusive tyre fitment. Brierley Hill based A Hingley Transport runs a fleet of 80 top-weight tractor units and 180 trailers and specialises in the movement of steel as well as carrying out general haulage throughout the UK. The company is part of the AH Group, which also refurbishes trailers and builds new trailers, all of which will be fitted with Continental tyres as original equipment.

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ContiTrailAttack 2 on/off-road tyre launched

Continental has launched its new ContiTrailAttack 2 on/off-road bike tyre for bigger capacity dual-purpose machines. The manufacturer says it has “dramatically improved” wet grip and mileage through compound development, while the tyre also features Conti’s “Traction Skin” rider safety aid.

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Conti bucks European winter tyre trend with increased sales

During 2012 Continental sold some 20.1 million passenger car, 4×4 and van winter tyres in the European replacement tyre market, the company reports. This figure is approximately 300,000 units above what it sold in 2011 and was achieved despite a ten per cent drop in overall market demand. Altogether the company sold around 21.4 million winter tyres globally last year.

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  1. High Mileage Not a “Supreme Importance” for Winter Tyres, says Conti
  2. Conti to raise European consumer tyre prices
  3. Continental “honoured” by Which? winter “best buy” ranking
  4. Report calls for more advice on winter tyre benefits
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Winter tyres could help save £318 million says Green Flag survey

New research commissioned by Green Flag Breakdown reveals Brits have missed 51.4 million working hours in the last week as a result of the poor weather conditions. Over 8.5 million (18 per cent) British adults have been unable to work their contracted hours because of the adverse weather, costing employers an estimated £318 million.

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New Conti TPMS function enters production, more in development

Continental reports that a new feature related to its TPMS system has entered series production. The company says an Asian vehicle manufacturer now offers its customers a sub-function of Continental’s ‘Filling Assistant’ – feature that uses a motorist’s smart phone. An app on the phone omits a short ‘honking’ noise upon achieving optimal pressure during tyre inflation. The Filling Assistant function ensures that tyres always run on the correct pressure, even if they are filled using non-calibrated equipment.

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  1. Continental working on TPMS that measures tread depth
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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.

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Conti’s unorthodox OE fitments

After keeping mum about it for quite a while, Continental has shared that its tyres play a key role in making the London Eye spin. The 442 foot (or 135 metre, for those reading this in metric) high Ferris wheel is spun by drive systems located in towers at each end of the boarding platform; these systems’ hydraulic motors rotate the wheel via friction rollers, and Continental HSR (Heavy Steer Regional) tyres fulfil this role.

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Conti launches voluntary recall in North America

Some 1,700 Continental motorcycle tyres sold in North America are the subjects of a voluntary recall. Based upon market feedback it has received, the tyre maker says that under certain service conditions the size 180/60R16 M/C 74H ContiMotion may experience uneven wear, groove cracking and in some cases belt lift, which can lead to a loss of inflation pressure and a potential loss of control. These service conditions have been observed on the rear tyre of Honda Gold Wing 1800 motorcycles, particularly under conditions of overloading and/or under-inflation. Continental adds that has not received any reports about accidents resulting from this condition.

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Conti battery JV firm enters operation

The joint venture lithium-ion battery systems company formed by Continental and Korea’s SK Innovation, SK Continental E-motion, officially commenced operations earlier this month after gaining approval from the relevant authorities. Continental reports that “all relevant authorities have given unrestricted approval to the antitrust application submitted by the two companies” and that all provisions of the agreement signed with SK Innovation on 23 July 2012 have come into force.

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Plimsoll: Tyre dealer business will pick up in 2013

With 2012 behind us, perhaps tyre dealers can look forward to a more prosperous 2013. That is certainly the view of analysts at Plimsoll Publishing Ltd, who recently predicted a year of growth. A new market report produced by Plimsoll, which looks into the financial performance of the UK’s largest 693 Tyre Dealers, found average growth was as high as six per cent. However the 2013 Tyre Dealers report concludes that this is by no means widespread as this successful growth is being driven by a quarter of the industry – an “elite” band of 190 companies to be precise.

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Related news:

  1. Reports: Continental 1Q may be worse than expected
  2. Paper: Continental Should Sell More Debt Soon
  3. Conti predicts 1 billion euro free cash flow, EU-bottom out soon
  4. Analysts: Korean tyre companies outperform index
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Conti predicts 1 billion euro free cash flow, EU-bottom out soon

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Continental AG expects its full-year 2012 free cash flow to come in at around 1 billion euros. Speaking at an investor’s presentation in New York, Conti CEO Dr Elmar Degenhart upped its previous assessment of about 750 million euros by a third. The statement came as a surprise to financial analysts and apparently even for the CEO himself, who reportedly only found out in the last few hours.

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