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Sava Range Offers Performance in the Cold

Slovenian manufacturer Sava has added a high performance range to its winter tyre portfolio. Known as the eskimo hp, this lower-case titled tyre is described by Sava as a “high-performance winter tyre that offers excellent handling performance in difficult winter conditions as well as good mileage levels to the cost-conscious passenger car driver.” The eskimo hp is available in 23 sizes fitting most passenger car models and features a directional tread design optimised for winter conditions plus optimized plus a full silica compound. The Sava eskimo hp features the snowflake symbol on its sidewall, certifying that it meets the required performance levels of winter testing.

18th May 2010/by Tyrepress Editors

Chinese UHP Tyre Sales Increasing at Twice the Overall Market Rate

Appetite in China for high performance tyres is growing. In mid-May, Michelin launched its Pilot Sport 3 into this market, making 18 sizes available for Chinese consumers. The Pilot Sport 3 complements the Primacy LC, introduced last year, in Michelin’s China market performance portfolio. "We are putting more attention on the high performance tyre market than before, a segment that is growing at a speed twice that of the overall tyre market in China last year," said Antoine Guerin, vice-president of marketing and sales with Michelin (China) Investment Co Ltd.

17th May 2010/by Tyrepress Editors

Euro Car Parts Not For Sale Despite Reports

Representatives of Euro Car Parts, a leading British aftermarket distributor, have rebutted reports over the weekend that the business is up for sale. According to reports posted on thisismoney.co.uk, the founder of Euro Car Parts, Sukhpal Singh had appointed adviser Robert W Baird to conclude a sale could see him receive “more than £200 million” from a total price of up to £250 million. This report pointed out that Sukhpal Singh started the company with £5,000 in an outlet in north London and has recently seen profits triple to £17 million compared with £6.6 million the year before on sales that increased from £145.1 million to £186.9 million.

However, the company’s press representatives said the report’s conclusions “couldn’t be further from the truth” and even questioned the above sales and profit figures. They confirmed that the company has “definitely not been put up for sale and is currently experiencing record trading.” On the subject of Robert W Baird’s involvement the added: “Robert W Baird is an investment company, which has been working with Euro Car Parts for almost 18 months now, exploring ways of expanding the business organically.”

17th May 2010/by Tyrepress Editors

Report: Micheldever For Sale For £115 million

Micheldever Tyres Services could be for sale for around £115 million, according to a report in Crain’s Manchester Business. This is nearly half the £200 million figure initially associated with the company when press reports about such a move surfaced in the national press in mid-April.

As of 31 December 2009 Micheldever owners Graphite Enterprise Trust (through investment managers Graphite Capital Management) held total assets of £344.6 million of which its investment portfolio accounted for 67.1 per cent (£231.2 million) and cash and near cash accounted for the balance of £113.4 million. According to company documents, Graphite Enterprise’s Micheldever investment is its number one holding, representing the largest single chunk of its investment portfolio in 2009 (5.3 per cent).

14th May 2010/by Tyrepress Editors

Bridgestone Named Tructyre Supplier of the Year

Tructyre Fleet Management Ltd has named Bridgestone UK as ‘Supplier of the Year 2009’. The award was presented to Paul Emery, trade sales manager of the Southern Region by Glenn Sherwood, managing director of Tructyre Fleet Management Ltd.

Each year Tructyre Fleet Management carries out quarterly supplier analysis where measures are made against; quality of products, service delivery, competitiveness, sales support and back up, distribution and accuracy of administration. Bridgestone is said to have met all of the above criteria consistently throughout 2009.

10th May 2010/by Tyrepress Editors

XLite Aiming to Shine in Forged Aluminium Wheel Market

Motor Wheel Service Distribution (MWS) has invested £500,000 in UK and European infrastructure in preparation for the “official launch” of its xlite range of forged aluminium commercial vehicle wheels. According to the company, these are five times stronger and 40 per cent lighter than standard steel wheels. xlite wheels, which were “soft launched” some time ago, are forged from a single aluminium billet using computerised numeric control machine to produce a higher degree of production accuracy, are available in 17.5,19.5 and 22.5 inch sizes.

The product is being offered with three finishes – machined, polished and xbrite – with the latter using a special coating which means lower maintenance, minimal cleaning and a lasting shine. Other added benefits common to aluminium wheels include reduced vibration and longer wear on surrounding parts.

6th May 2010/by Tyrepress Editors

Diamond Tire to Showcase Westlake Central Europe at Reifen 2010

Diamond Tire is the exclusive agent for Westlake tyres in Germany, Austria, Switzerland, Hungary and Slovenia since it was awarded distribution rights in the region by Chinese manufacturer Huangzhou ZhongCe Rubber Company in 2009. The company and its partners will exhibit the Westlake brand using their collective Westlake Central Europe Group moniker at Reifen Essen 2010 in Hall 6, Booth 124.

29th April 2010/by Tyrepress Editors

Goodyear Seeing the Benefit’s of Last Year’s Actions – Kramer

“We are very pleased with our strong first quarter performance,” stated Goodyear’s recently appointed president and chief executive officer, Richard J. Kramer, upon the release of the company’s January 1 to March 31 results. The US tyre maker reports an improvement in tyre unit volumes, sales and segment operating income during the quarter, as well as a “significantly” smaller net loss despite a one-time charge related to the currency devaluation in Venezuela.

29th April 2010/by Tyrepress Editors

Columbus McKinnon Exhibiting at ‘Unique’ Essen Show

Columbus McKinnon, which currently supplies approximately 400 shredding and recycling installations in more than 25 countries worldwide, has described Reifen as a “unique venue to network with other professionals and explore the many successes in the recycling industry.” The company has played a key role in providing scrap tyre processing equipment to the industry for over 30 years.

26th April 2010/by Tyrepress Editors

Conti Holds Ribbon Cutting Ceremony at California Distribution Centre

The Redlands, California distribution centre opened by Continental Tire the Americas earlier this year is now operating at full capacity, and to mark the occasion an official ribbon cutting ceremony and ‘open house’ was held on April 15. The 46,500 square metre warehouse consolidates the operations of two smaller California based warehouses, and provides Continental with enough space to store and distribute over 450,000 passenger car, light truck and commercial vehicle tyres. Conti estimates that two million tyres will be moved through the Redlands site each year.

23rd April 2010/by Tyrepress Editors

Dunlop Extends ‘Touch Technology’ with SP StreetResponse

In March we mentioned that Dunlop was introducing its SP StreetResponse range at the Geneva Motor Show. For those of you seeking further information on this new summer tyre in these pages, the wait is finally over….

22nd April 2010/by Tyrepress Editors

Hankook China Plant to Have 10M Unit Capacity

Plans for Hankook Tire to build a new factory in China were outlined on April 22; representatives of the South Korean manufacturer said the construction of a new facility there will aid Hankook’s efforts to consolidate its status as the leading international tyre manufacturer in China. The company also intends to increase its sales there by 15 per cent to US$1.21 billion this year.

22nd April 2010/by Tyrepress Editors

Pirelli Shareholders Approve 2009 Financials

During an ordinary session meeting held on April 21, Pirelli & C. SpA shareholders approved the company’s 2009 financial statements and agreed to the distribution of a dividend of 0.0145 euros per ordinary share and 0.0406 euros per savings share. The payment date will be 27 May 2010.

22nd April 2010/by Tyrepress Editors

Hankook Opens Second Canadian Distribution Centre

Hankook Tire Canada Corp. opened its second Canadian distribution centre in Richmond, British Columbia this month, bringing Hankook’s total number of distribution centres serving North America to eight, reports Tire Review. The new distribution centre will support retailers and multiple distribution points in western Canada, according to the company.

16th April 2010/by Tyrepress Editors

Goodyear Releases SmartWay Certified Regional Tyre

The range of Goodyear truck tyres certified by the US Environmental Protection Agency’s SmartWay programme has been enlarged by the addition of a new product, the G662 RSA Fuel Max. The qualities purchasers will find in this all-position regional tyre, Goodyear reports, are a deep tread, enhanced tread design and scrub-resistant compounds to help maximise tyre life in urban and regional driving conditions.

16th April 2010/by Tyrepress Editors