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Goodyear Dunlop Defend UK Product Rights

At the end of February Goodyear Dunlop released details of its campaign to “to protect UK customers from unknowingly buying tyres that were not designed for road conditions in this market.” As a result of this campaign, three companies have submitted to a high court injunction and have had to send 600 Dunlop tyres for recycling, to prevent these tyres from being used on UK roads. According to the company, this is the start of an initiative to remove unapproved tyres from the EU market.

The Goodyear Dunlop campaign targets all unauthorised imported tyres bearing the famous Dunlop and SP trademarks, but designed for their local markets, and not imported or recommended by the UK company. The company found that a number of these tyres originate from, and were designed for, Asian markets.

Apollo Tyres Ltd bought Dunlop Tyres International (Pty) Ltd (Dunlop South Africa) for US$62 million in January 2006.

22nd March 2007/by Tyrepress Editors

Dunlop India Approved for Stock Market Trading

Dunlop India Ltd shares are ready to trade on India’s stock exchanges again more than four years after being de-listed following the non-payment of listing fees. India’s Board for Industrial and Financial Reconstruction (BIFR) has asked stock exchanges throughout the country to lift any remaining suspensions imposed on the tyremaker.

According to a statement released by Dunlop India, the March 16 order given by the BIFR directed the stock exchanges in Mumbai, Kolkata, Ahmedabad, Chennai and Delhi to lift suspension and also directed both India’s National Securities Depository (NSDL) and Central Depository Services (CSDL) to issue identification numbers for demat of the shares.

The statement also gave news that the BIFR order permitted the company to issue 27 million new shares valued at Rs 10 each (£0.012) by April 15, 2007 and increase the authorised capital from the current level of £8.17 million up to £8.76 million. The tyremaker’s current paid up capital is £5.25 million but after the proposed rights offer this will increase to £8.4 million.

19th March 2007/by Tyrepress Editors

New Goodyear Machinery Commences Production Ahead of Schedule

Goodyear Dunlop Tyres UK Limited has announced that new machinery, designed to improve the productivity and efficiency at their famous Bushbury, Wolverhampton plant, has commenced production ahead of schedule today. On 8 December Goodyear Dunlop announced the investment in new compounding equipment. After an intensive three months of teamwork, the new machinery, known in the industry as a ‘Banbury’ mixer, was unveiled today.

The announcement of the multi-million pound investment in this new machinery gave the team at Wolverhampton the challenge of installation, training and re-engineering to commence its use before the end of March.

15th March 2007/by Tyrepress Editors

Dunlop Introduces New Steer Tyre in US

Although Dunlop is a long established brand in Europe its market presence in the US has traditionally been much smaller. The company, however, is working hard to change this and have introduced a new line of HGV steer tyres that they hope will further increase the brand’s US market profile. Dunlop Tires describe the new SP384 steer tyre as a mid-priced brand for dealer and select wholesale distribution, featuring enhanced casing, tread design and pressure distribution groove technology that aids in lower cost-per-mile and increased miles to removal. The new tyre completes the Dunlop brand’s range of long-haul applications, joining Dunlop’s SP453 drive and SP181A trailer tyres.

14th March 2007/by Tyrepress Editors

Net Income Up for Sumitomo Rubber

Japan’s Sumitomo Rubber Industries Ltd has announced its consolidated financial results for the 2006 year. For the twelve months ending December 31, 2006 the company’s net sales came to 534,086 million yen (£2.34 billion), up 4.1 per cent on 2005’s results. The company’s operating income was 36,789 million yen (£161.2 million), substantially lower than in 2005, but net income, taking income taxes and extraordinary profit and loss into account, increased by 7.6 per cent during 2006, up to 27,585 million yen (£120.1 million).

13th March 2007/by Tyrepress Editors

Lawsuits Putting Pressure on Run-Flats

In the US it appears that consumer response to run-flat tyres is not as universally glowing as tyremakers had anticipated. So far two class-action suits have been filed due to dissatisfaction with the new technology, the latest being filed against Michelin and Honda on March 12.

13th March 2007/by Tyrepress Editors

Diesel Power enters the Dunlop BTCC

Dunlop has announced that a diesel-powered car will be competing in the Dunlop MSA British Touring Car Championship for the first time in the championship’s 49-year history. BMW club series champion Rick Kerry indicates that he plans to enter a turbocharged BMW 1 Series acquired from BMW Motorsport in Germany.

12th March 2007/by Tyrepress Editors

Dunlop Signs UK Motorsport TV Deal

Dunlop Tyres has announced their entry into a new television deal with motorsport programming producer Greenlight TV that will see the BACR/Dunlop Sport Maxx Cup broadcast on Sky Sports and Motors TV. This is seen as a substantial boost for the inaugural season of this series, for which 11 confirmed drivers have already registered.

9th March 2007/by Tyrepress Editors

South Pacific Tyres Appoints new Sales Vice President

South Pacific Tyres, Goodyear Dunlop’s Australian and New Zealand operation, has appointed Wayne Johnston to the role of the company’s vice-president, sales. In his new position he is responsible for all Goodyear and Dunlop tyre sales throughout Australasia. This covers 450 retail stores and 150 licensees trading under various names including Beaurepaires, Goodyear Auto Service Centres and Frank Allen Tyres. Johnston also has responsibility for the company’s nine retreading factories and for its participation in motorsport.

Johnston will also continue in his existing role as national manager for New Zealand, and will spilt his time between there and Australia.

5th March 2007/by Tyrepress Editors

Dunlop Prepares for Busiest MotoGP Season Ever

The 2007 MotoGP season starts on March 10th with the Grand Prix in Qatar. This year’s calendar has 18 races, one more than 2006. Between Qatar and Valencia on 4 November, the teams will have raced in Turkey, China, USA, Japan, Malaysia and Australia as well as throughout Europe.

5th March 2007/by Tyrepress Editors

Goodyear Reaches Settlement over Alleged Defective Tyre

Goodyear Dunlop Tires North America Ltd. has reached a US$1.75 million settlement with the families of two teenagers killed in an accident seven years ago. The family of the teenagers allege that the collision than took place in Roanoke County, Virginia, was the responsibility of the tyremaker.

26th February 2007/by Tyrepress Editors

2007 TAFF Awards Nominations Announced

Members of the NTDA have voted for their favourite companies in the six categories of the prestigious TAFF Awards and the winners will be announced at the TAFF Awards Dinner in Manchester’s Palace Hotel on 2 May. The nominations are:

Tyre Manufacturer of the Year
-Bridgestone UK Ltd
-Continental Tyre Group Ltd
-Goodyear/Dunlop Tyres Ltd
-Kumho Tyre
-Michelin Tyre plc

Product Innovation Award

-Bridgestone UK Ltd
-Continental CS Easy
-Goodyear/Dunlop Tyres
-Michelin Tyre plc
-Rema Tip Top UK Ltd

16th February 2007/by Tyrepress Editors

Apollo to Open Retreading Plant

Apollo Tyres is reportedly planning to open a retreading tyre plant in Haryana, India. The company will invest 50 million rupees in the satellite plant, according to Business Line. Apollo intends to have 2-3 such satellite plants strategically located in the country. The company has invested in imported machinery for the new plant though it will run a retreading process that was designed in-house.

15th February 2007/by Tyrepress Editors

Goodyear Creates New Internal Organisation

(Akron/Tire Review) Goodyear’s North American Tire division has created a new internal team called the Customer Development Organization.

The announcement was made this past weekend at Goodyear’s annual dealer conference in Orlando, Florida.

6th February 2007/by Tyrepress Editors

Getting Competitive with Dunlop

With Dunlop’s new product activity in 2006 restricted to the release of the niche market D407 Harley Davidson tyre and the Sportmax GPR100 maxi scooter tyre, the main excitement coming from the Dunlop camp centres upon racing and motorsport. And this enthusiasm comes from the very top – in the past few months the company has publicly voiced its intention to step up support for both motorcycle racing and MotoGP.

5th February 2007/by Tyrepress Editors