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Italmatic and Tesco of America enter joint venture

Italmatic Group has entered into a Joint Venture with Tesco of America Inc., the US based supplier to the automotive and tyre sector. The joint venture will be renamed as Tesco Italmatic LLC, with headquarters in Oakland Park, Florida, USA. According to the company, the partnership will focus on “making a strong statement for the distribution of Italmatic products in the North, Central and South American regions, offering a wide and complete range of products and services.”

10th 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

Westlake – world’s fourth largest TBR producer?

Chinese tyre manufacturer Hangzhou Zhongce Rubber Company Limited (ZC Rubber) believes it is the world’s fourth largest producer of truck and bus tyres with a projected output of over 12 million radial tyres in 2013, while the company’s brand Westlake claims a “market-leading position in China”.

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

Starco launches YouTube channel

Starco has introduced a further enhancement to its new website, publishing a series of videos about the company and its activities and products. “Continuing to grow and become a global company is exciting, but it also presents many new challenges”, explains Group marketing manager Brian Lorentzen.

28th August 2013/12,345 Comments/by Tyrepress Editors

Giti Tire appoints business system manager

Giti Tire has created the new role of business system manager based in Manchester and augmenting its European growth strategy. Sujata Achuthan has been appointed to the position, and has been tasked with the introduction of the Oracle Enterprise Business Suite (EBS) to provide the platform for increased finance and distribution requirements, as well as further improve the company’s hardware and software. She has 15 years of global IT experience.

20th August 2013/12,345 Comments/by Tyrepress Editors

YHI gains Otani and Double Coin exclusive distribution rights

During its recent annual results statement, YHI announced that it has added Otani and Double Coin tyres to its portfolio of premium and proprietary brands. According to the company, the group plans to accelerate its business development plans through the existing sales network as well as developing new sales channels to increase our commercial tyres business. No further details were given about which geographical areas the exclusivity refers to at this point.

13th August 2013/12,345 Comments/by Tyrepress Editors

YHI reports double digit profit and sales drops 1H 2013

YHI International Limited has reported revenue of S$250.4 million for the first six months ended 30 June 2013. This represents a significant drop from the S$277.4 million reported in the same period last year. But there was worse news when it came to profitability, with the company reporting net profits of S$3.5 million, roughly two-thirds less than the S$11.7 million reported in the same period in 2012. Revenue from the distribution segment, which makes up of 74.9 per cent or S$187.6 million of the total revenue, remains as the main driver of the Group’s turnover in the first half of 2013.

6th August 2013/12,345 Comments/by Tyrepress Editors

Delphi reconfirmed as The Parts Alliance preferred supplier

The Parts Alliance announced Delphi’s reconfirmation as its preferred supplier of premium braking systems in June. Steve Fulford reasoned that Delphi is “strategically best positioned for our distribution network and more than 20,000 customers. As a leading supplier to the top 25 vehicle manufacturers worldwide, Delphi’s established presence on the OE platform and their expertise complement our future strategies. Not only will we have access to their high quality parts but also training and support services to deliver the most comprehensive solution to our customers.”

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

Delphi, Parts Alliance ‘Take a Brake’ on UK tour

Delphi Product & Service Solutions is touring the UK with The Parts Alliance, launching an interactive, customer-facing initiative. The brakes supplier’s 12 week tour has been given the punning title ‘Take a Brake’, reflected in the tea/coffee break atmosphere of the tour’s stops, designed to get end-users interacting with representatives of the two companies, who will give their insights into the latest Delphi braking technologies. The tour also has a social media focus, with both companies making extensive use of their Twitter and Facebook pages to publicise the tour and the braking products.

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

New Apollo Vredestein distribution centre

Apollo Vredestein’s new European distribution centre recently entered service. Located in Staalsteden, near the company’s Enschede plant, the centre has the capacity to store 500,000 tyres. The company says the additional storage space is needed to accommodate growing production and sales volumes, combined with a wider product range.

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

Extra tyre info for DTM fans

Spectators watching this Sunday’s DTM round at the Norisring circuit in southern Germany will no longer have to puzzle over which tyres each driver has selected. Championship tyre supplier Hankook has decided to visually differentiate the option tyres by printing its brand name in larger, yellow text on the sidewall. Viewers at home will also be helped in the tyre department through additional on-screen information; graphics shown on televised coverage will now also indicate which tyres a vehicle is using. This information is transmitted via the rim-mounted sensors each DTM car has used since the start of 2012 to convey information on tyre pressure.

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

Euro-Tyre Sucursal becomes exclusive Interstate importer to Spain and Portugal

Interstate Tyre & Rubber Co has announced the agreement of a new exclusive passenger car and light truck tyres distribution deal with Euro-Tyre BV Sucursal Portugal in Spain and Portugal. Interstate says the companies will pursue a number of brand awareness and marketing communication initiatives through fellow Benelux tyre wholesaler Euro-Tyre’s Portuguese affiliate in order to stimulate sales and growth for Interstate.

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

Reactions to Government Spending Review

In his Spending Review yesterday, Chancellor George Osborne announced an increase in capital spending on transport to a total of £9.5 bn starting in 2015 and promised the largest investment in roads for half a century. Reaction to the announcement has been swift and generally favourable, with a few caveats; the Freight Transport Association welcomed the news and the recognition that improved transport links are vital for economic recovery.

27th June 2013/12,345 Comments/by Tyrepress Editors

Starco expands South African subsidiary

Starco reports that it has expanded its South African operation. Starco ZA, created in July 2012 to serve the South Africa market and provide a bridgehead for further expansion on the African continent, was established as a partnership with former local distributor Mac and TireCity, an already well-established firm with three strategically located distribution outlets in Johannesburg, Durban and Cape Town. A fourth Starco ZA distribution outlet, in Port Elizabeth, has now been opened and will support the growing fork lift truck tyre service market.

24th June 2013/12,345 Comments/by Tyrepress Editors

Kumho to introduce RFID on all tyres

In June, Kumho Tire announced a global first – it will place radio-frequency identification (RFID) tags on all tyre products it manufactures. Kumho’s RFID programme is being rolled out as part of the ‘u-IT New Technology Verification Project’ supported by Korea’s National IT Industry Promotion Agency and a key aim of fitting RFID tags is to increase workflow efficiency; furthermore, with the expansion of its RFID-embedded tyres to all product lines, Kumho Tires expects to cut KRW10.4 billion (£5.9 million) in annual logistics, production and quality control costs.

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