December Archives - Page 9 of 35 - Tyrepress

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‘Tree Guru’ Brings Arboreal Talents to Yokohama’s ‘Green Week’

Through its ‘Forever Forest’ project, Yokohama Rubber hopes to transform the grounds at its factories into verdant, leafy areas. The company has held numerous tree planting ceremonies both in Japan and around the world, and now Yokohama Tire Corporation is going one step further by conducting a ‘Green Week’. Between November 30 and December 3 the US based operation is staging a series of eco-themed events, culminating with a visit from one of the world’s most famous ecologists.

30th November 2010/by Tyrepress Editors

Michelin Set to Increase US Prices

Prices for Michelin replacement market products in the US is set to rise, with new truck tyre and retread prices coming into force on December 1 and passenger car and light truck tyre price increases scheduled to be implemented on February 1, 2011. The specific amount of each price increase has not been announced, however it appears that prices for Michelin and BFGoodrich branded truck tyres and MRT brand retreads will go up an average of eight per cent.

22nd November 2010/by Tyrepress Editors

Titan and Unions Extend Negotiation Period

The United Steelworkers (USW) has extended its contracts with Titan Tire at facilities in Bryan, Ohio, Des Moines, Iowa, and Freeport, Illinois, while negotiations for a new contract proceed.

Both sides reported progress in the current negotiations, but that there is much left to accomplish. As a result, the parties reached an agreement to extend the current contracts through 17 December so that negotiations may continue.

19th November 2010/by Tyrepress Editors

Cooper Tire to Pay Out 155th Consecutive Quarterly Dividend

Cooper Tire & Rubber Company today announced a quarterly dividend of 10.5 cents per share on common stock, payable 30 December, 2010, to stockholders of record at the close of business 2 December, 2010. This will mark the 155th consecutive quarterly dividend paid by the company.

28th October 2010/by Tyrepress Editors

Pirelli Ups 2010 Targets

A review of preliminary financial data for the nine months ended September 30, 2010 has led the Pirelli & C. SpA Board of Directors to upwardly revise 2010 targets. The Board’s October 14 review of the preliminary data was made in view of the company’s new 2011-2013 three-year plan, and Pirelli says that the “positive performance of Pirelli Tyre in the first nine months of the year and the present market context permit a further upward revision of 2010 targets.” Targets had previously been raised when the first quarter and first half results were announced.

15th October 2010/by Tyrepress Editors

Pirelli Raising US Car and Light Truck Tyre Prices

Prices for all Pirelli passenger car and light truck tyres sold in the United States will rise as of December 1, 2010. Increases of up to seven per cent will apply. Pirelli says the higher prices are being implemented due to increasing raw material costs.

30th September 2010/by Tyrepress Editors

Cam Systems’ MIDaS B2B Platform on Track for £200m Milestone

Cam Systems’ MIDaS B2B, the online ordering platform for tyre wholesalers, is on track to hit £200 million in annual sales by December 2010 across its client base. According to the IT-provider, the rise in online transactions is a result of its use by tyre wholesalers as a key sales process enabler in conjunction with their retailer partners. The MIDaS managed service enables the acceleration of the ordering process between the retailer and wholesaler considerably. Cam also says it is easy to implement, informative and accurate.

22nd September 2010/by Tyrepress Editors

Goodyear Calls for Redemption of $973 Million in Senior Notes

The Goodyear Tire & Rubber Company has called all of its outstanding senior notes due in 2011 and 2015 for redemption on 29 September, 2010. Goodyear intends to use net proceeds from its recent $1 billion issuance of 8.25 per cent senior notes due 2020 to fund these redemptions. The notes called for redemption are $388 million in principal amount of 7.857 per cent senior notes due on 15 August, 2011, $325 million in principal amount of 8.625 per cent senior notes due on 1 December, 2011, and $260 million in principal amount of 9 per cent senior notes due on 1 July, 2015.

31st August 2010/by Tyrepress Editors

Michelin Australia Recalls Truck Tyres

Michelin Australia has initiated a voluntary recall of some 1,900 Spanish manufactured truck tyres after identifying an issue that may lead to a rapid loss of pressure. The 305/70 R22.5 XZE2+ TL 152/148L tyres were sold between December 2008 and May 2010 and bear the identification DOT HA 3M BJC X followed by the number (for the week and year) 4508 to 1510.

29th June 2010/by Tyrepress Editors

Concorde ‘Father’ in Spotlight Over Tyre Risk Oversight

The failure to address a tyre-related safety weak spot may end up costing the ‘father of the Concorde’ a suspended prison sentence. Henri Perrier, now 80 years old, directed the Concorde programme at Aerospatiale from 1978 to 1994. French proescutors have accused him of ignoring warning signs from a string of incidents involving Concorde airliners before the crash near Paris in July 2000.

24th May 2010/by Tyrepress Editors

Ruia Named a Contender for SsangYong Purchase

Pawan Kumar Ruia, owner of Dunlop India and Falcon Tyres, is said to be one of the bidders for SsanYong Motor. The South Korean vehicle manufacturer, which has been in court-led restructuring since early last year, was announced for sale this week. Bidders have until May 28 to submit a letter of intent. Sources reported by Calcutta, India based newspaper The Telegraph say Ruia is prepared to pay up to US$500 million for the company.

21st May 2010/by Tyrepress Editors

Firestone Natural Rubber Participates in Surgical Mission

Liberia based Firestone Natural Rubber Company (FSNR) recently worked with a team from Children’s Surgery International to provide 142 free operations on underprivileged youths at the company’s Firestone Medical Center in Duside. The 300 bed hospital, reopened in December 2008 after being destroyed during Liberia’s civil war, provides free health care to Firestone Natural Rubber employees and their families plus health services to the wider community.

13th May 2010/by Tyrepress Editors

Bosch, Eberspächer Emission Systems JV Commences Operations

The emissions systems joint venture between Robert Bosch GmbH, Deutz AG and Eberspächer GmbH & Co. KG commenced operations earlier this month having received the necessary approvals from the EU Commission, according to the companies. In December 2009, the three parties announced their intention to co-operate in reducing exhaust emissions from construction machinery and agricultural vehicles, to satisfy future emission regulations.

20th April 2010/by Tyrepress Editors

Month-Long Tyre Workers’ Strike Ends

The strike that had frozen production at Pakistan’s General Tyre and Rubber Company (Gentipak) for a month has come to an end. The industrial dispute at the country’s largest tyre manufacturer, of which Continental is a minority shareholder, began on March 16 after management refused to a accept charter of demands put forward by the workers’ labour union. These demands included wage increases and the appointment of workers to permanent positions.

15th April 2010/by Tyrepress Editors

NHTSA Calls Public Meeting on US Tyre Labelling Rules

According to Tire Review, the NHTSA is apparently nowhere near ready to unveil the final regulations for its long-planned tyre testing and labelling programme. The US agency announced it will hold a public hearing on March 26 to further define the consumer education element of the congressionally mandated programme. In advance of the hearing, the agency is seeking written comments from interested parties.

18th March 2010/by Tyrepress Editors