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UK Tyre Companies See Values Increase

Overall values of the UK’s 50 leading tyre companies are on the up, rising 10 per cent in the period studied by a new Plimsoll Publishing report. 35 of the companies included have seen their values increase by a staggering 20 per cent. This is a direct result of improved profitability and a conscious effort by their managers to place their company’s on a firm financial footing. These companies are building a solid foundation to further enhance their values in 2007, the report says.

29th September 2006/by Tyrepress Editors

Nexen Tire to Raise Prices in November

(Akron/Tire Review) Ontario, California-based Nexen Tire America Inc. announced price increases on passenger and light truck tyres that will take effect 1 November. The increases, up to 6 per cent, will vary by distribution channel and product line. The main reasons for the price hikes include rising raw materials, transportation and operating costs, according to Nexen.

26th September 2006/by Tyrepress Editors

Nexen Opens Shanghai Offices, Eyes China Growth

(Akron/Tire Review) Nexen Tire opened a branch office in Shanghai, China, earlier this month, which company officials said will spur its penetration in the Chinese tyre market. The new office will join a tyre plant Nexen is constructing in Qingdao, Shantung, which broke ground last May. The new plant will cover some 5.7 million square feet – among the largest in China – and have a final capacity of 20 million per year, Nexen said.

21st September 2006/by Tyrepress Editors

Romania Becoming Interesting Distribution Market

Romania and Eastern Europe in general are now commonly seen as attractive “manufacturing” countries, but how are they seen in terms of sales and distribution? Alexis Burlacot, marketing manager with the truck tyre unit of Michelin Europe, told Romanian newspapers that consumption within these markets is growing 10 – 15 per cent each year.

15th September 2006/by Tyrepress Editors

RH Claydon Invests In Renault Van Fleet

Bury St Edmunds based R H Claydon distributes tyres from its headquarters and a further four branches across the UK using a fleet of over 30 vehicles, the majority of which are Renault Master vans. The fleet has grown in recent years as R H Claydon has supplied customers in new areas.

15th September 2006/by Tyrepress Editors

Getting it Right

Few people in the tyre business would argue against the fact that cold weather tyres confer significant safety benefits when temperatures fall – the figure of 7ºC is the usual benchmark quoted – and yet the cold weather tyre market in the UK is a fraction of the overall total.

4th September 2006/by Tyrepress Editors

Wintry Infinity

Infinity, the private brand label, has complemented its range of passenger car, van and 4×4 radial with 15 sizes of winter tyres. The tyres, produced for UK based Goldspark Trading Ltd by the Shandong Linglong Company in China, have been well-received throughout Europe in their first year of distribution.

4th September 2006/by Tyrepress Editors

Marangoni Extends Meteo HP Winter Range

The use of winter tyres for the cold season has become widespread among European users in the last few years. In the past winter, for instance, sales in Europe increased by almost eight per cent when compared to 2004. In keeping with this trend, Marangoni Tyre is further extending its Meteo HP range of winter tyres. Extremely safe, with high performance on all types of road surface and over an exceptionally wide range of operating temperatures, Meteo HP can be defined as the no-compromise winter tyre.

29th August 2006/by Tyrepress Editors

Mechanical Simulation Corporation & TNO Form Partnership

In order to better predict the critical performance of tyres in vehicle dynamics, Mechanical Simulation Corporation has created a partnership with Netherlands-based TNO Automotive. Mechanical Simulation’s CarSim software will now link with TNO’s Delft-Tyre using Simulink.

Many engineers in design, development, testing and planning activities use CarSim, Mechanical Simulation’s software package for simulating the dynamic vehicle behavior of cars, light trucks and utility vehicles. CarSim animates simulated tests and generates about 600 output variables that can be plotted and analysed, or transferred to other software for processing using the same methods used for measured test data.

16th August 2006/by Tyrepress Editors

Varta and Manbat in Distribution Deal

Varta Automotive Batteries has made changes to its product distribution, extending its agreement with major supply partner Manbat Ltd. The new distribution arrangements for both Varta and Freedom branded batteries have been introduced to provide improved levels of service to Varta’s network of more than 150 independent agents and support the long-term co-operation with Manbat. Critical to the new arrangement was the agreement of automotive buying group Group Auto Union in accepting Varta and Manbat as joint suppliers.

14th August 2006/by Tyrepress Editors

GPX South West Expands into New Warehouse

GPX Tire has moved into a new 143,000 square foot warehouse in Fairbanks Industrial Park just outside of downtown Houston, Texas (9700 W. Wingfoot Drive). According to the company, the larger facility allows GPX to meet the growing demand for GPX tyres in the region.

9th August 2006/by Tyrepress Editors

New Warehouse and Distribution Centre for Sherbrook

Sherbrook International – whose wheel ranges include DJ, Outlaw, Rondell and Kosei – have announced the opening of a major new Wheel Storage and Distribution facility at Burntwood, Staffs. It will handle the entire warehousing and distribution operation for all four product lines, and with its exceptional transport and road links including the M6 toll motorway, will enable Sherbrook to deliver an enhanced service to distributors and trade customers alike.

8th August 2006/by Tyrepress Editors

Stapleton’s Moves Forward in Wholesale Market

It’s been a busy year for STS Stapleton’s as the company overhauled its wholesale business but the fact remains that it is one of the largest wholesale distributors of passenger car tyres in the UK. Through its six distribution centres in Letchworth, Wakefield, Coatbridge, Bristol, Burton and Warrington, Stapleton’s carries a large and diverse stock of tyres.

Chief executive Kenji Murai described the intentions behind recent developments at Stapleton’s: “Everything we do is with our customers in mind and this goes for the whole business including internal communication channels, delivery targets and stock control. As a result we have improved our relationship with our customers over the past twelve months.”

2nd August 2006/by Tyrepress Editors

ATD Buying Minnesota Wholesaler

(Akron/Tire Review) American Tire Distributors Inc. has agreed to purchase Minneapolis-based Samaritan Wholesale Tire Co., which covers eastern Minnesota and parts of western Wisconsin. Samaritan co-owner Jay Halvorson will join ATD to help manage the Minneapolis operation.

1st August 2006/by Tyrepress Editors

Kumho Reports 2Q Sales of £241 million

Kumho’s second quarter sales amounted to 429 billion won (£241.094 million), lower than the 469 billion won figure that was widely expected. At the same time operating profit of 14 billion won (£7.868 million) was said to be similarly disappointing compared with market estimates of 40 billion won. Operating profit fell by 70.5 per cent year-on-year and 45.2 per cent quarter-on-quarter.

31st July 2006/by Tyrepress Editors