Apollo Tyres Deemed ‘Good Investment’
Research analysts in India have given Apollo Tyres their stamp of approval as a good investment due to the tyremaker’s focus on product development, expansion plans and increasing international presence.
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Apollo Tyres Net Sales up 26 per cent
Product NewsAt the end of January, Apollo Tyres Ltd, published un-audited financial results for the 2006/07 financial year that show net sales grew by 26 per cent year-on-year to 8.575 billion rupees (£100 million). At the same time net profit as a percentage of sales increased to 4.1 per cent from 2.4 per cent.
Motorcycle Tyre Market Revs Up
Product NewsIn contrast to car tyre sales, the UK motorcycle tyre market continued the pattern of growth it has demonstrated in recent years in 2006. Europool figures put the total market size at about 775,000 units (not including non-EU produced tyres and grey and parallel imports), up around 2.2 per cent on 2005. But industry sources are expecting more next year and are projecting that European produced tyre sales will reach 800,000 units (up 3.22 per cent).
Repairing Run-Flats
Product NewsATS Euromaster (ATSE) has published further details of its plans to launch a nationwide run-flat fitting and puncture repair service. The main point that ATSE clarified is the fact that it is referring to the latest generation of self-supporting run-flat technology tyres manufactured by Bridgestone, Dunlop, Goodyear and Michelin. These, says the company, are “approved for minor repairs, subject to strict criteria.”
Dunlop India Resumes Production
Product NewsTyres are reportedly rolling off the Dunlop production line in Sahagunj, India, for the first time since 2001. The factory, located in the state of Bengal, is initially focusing on manufacturing Earthmover tyres, although the production of other types of tyre should commence before mid 2007. The workforce at Sahagunj numbered 473 the day work resumed, but this number should increase to about 1,200 during the coming months.
Goodyear Tyre Improves 7.5 Tonners’ Better Load Characteristics
Product NewsGoodyear has launched a new steer tyre for 7.5 tonne vehicles which is said to give significant operator benefits thanks to its size. According to the manufacturer, the Regional RHS 225/70R17.5, which fits standard rims, increases front axle weight capacity whilst providing enhanced handling and better wear characteristics.
Goodyear Promotes Three in Consumer Tyre Organisation
Product News(Akron/Tire Review) Goodyear’s North American tyre operations have made a number of personnel changes. The moves, said Goodyear, were made with “an emphasis on promoting our primary consumer tyre brands and further evolving our market-driven focus.”
Tyre Dumper Caught Red Handed
Product NewsA New Zealand man is today some £7,500 worse off but hopefully on his way to better understanding the meaning of the word recycling after being fined for illegally stockpiling tyres in a disused quarry. Owen McDonald Douglas, sole shareholder and business manager of the Tauranga based company Tyre Disposal Ltd, had been granted resource consent for using the site in 2004, on the provision that the tyres brought into the quarry were to be scrapped and incinerated as industrial fuel. Tyre Disposal Ltd had built up a sizable client base in the local area, and regularly collected used tyres from customers that included Dunlop and national tyre chain Beaurepaires.
Firestone Voted No.1 in South African Awards
Product NewsBridgestone South Africa’s Firestone range scooped the coveted ‘Best Tyre’ award at the inaugural FOCUS on Excellence awards evening, held in Johannesburg in November. Candidates for this top honour were chosen by four hundred owners and managers of road transport fleets operating more than 10 vehicles, selected at random from 22,000 records on a fleet owners’ database.
RH Claydon Looks Ahead to 2007
Product NewsWith farming becoming ever more sophisticated and the equipment used increasingly specialised, it is important that the right tyre for the job be readily obtainable at short notice. National independent tyre wholesaler RH Claydon Ltd boasts a comprehensive range of tyres to meet all needs, and agricultural users looking for a specific tyre are by no means overlooked – a large range of major brand agricultural tyres are always in stock at the company’s four sales and service/distribution branches in England and one in Scotland. Brands stocked include: Goodyear/Dunlop, Continental, Semperit Agricultural, Trelleborg, BKT/Supreme, Titan, Mitas, Kenda, and Duro.
Novex Welcomes Dealers to Durban Plant
Product NewsUK and international Novex dealers were recently given first-hand insight into the production of and technical knowledge behind the tyres they sell. In a visit to the Dunlop Tyres International facility in Durban, South Africa, a selected group of retailers were taken through the stages of manufacture that go into each Novex car and light commercial tyre.
European Volvo Deal for Goodyear
Product NewsVolvo group commercial vehicles in Europe will be riding on Goodyear Dunlop tyres after the two companies recently signed a deal for the supply of OE tyres. The three-year agreement covers all European-manufactured Volvo trucks and buses and Renault trucks with rims 16” and larger. The tyres will be supplied from Goodyear Dunlop factories in Germany, Luxembourg, Slovenia and Turkey.
Director Makes Marathon Effort for Charity
Product NewsGoodyear Dunlop’s UK Director of Consumer, Paul Wilde, has completed one of the world’s most famous races, with the proceeds raised as a result of his effort going to a good cause.
Dunlop Seat Leon to Run in Sport Maxx Cup
Product NewsThe grid for the inaugural 2007 BARC/Dunlop Sport Maxx Cup has been boosted with the announcement that Dunlop is to run a SEAT Leon FR as a VIP/guest car in the series. he 200hp Leon FR will compete in Class C of the Cup, against cars such as the Renault Clio 172, Citroen C4VTS, Mini Cooper S and MG ZS180. The car is being built by multiple Fiat Challenge Champions, AMR Racing, and team owner Adrian Miller is also talking to two other drivers about running sister cars to the Dunlop entry.
Dunlop Looks to BEML for Heavy Tyres Deal
Product NewsDunlop India Ltd is reportedly taking steps to enter the OTR tyre market by cooperating with Bharat Earth Movers Ltd and Coal India Ltd (CIL). Kolokata Newsline reports that the companies have decided to invest in tyre-makers to ward off a supply crisis in India. BEML has already tied-up with CIL for providing 1 billion rupees (£11.4 million) each to Apollo Tyres and JK Tyres as a soft loan so that they manufacture dumper-truck tyres. According to the Kolkata Newsline, CIL needs to replace at least 2,696 tyres in 2006-07 and a total of 19,300 tyres by 2011-2012.
