Europe Archives - Page 147 of 179 - Tyrepress

Posts

Overpriced or Undervalued?

When Bridgestone recently announced that it would increase prices in Europe it was the latest in a string of decisions by tyre manufacturers around the world. It seems that no matter where in the world a company is based, companies cannot avoid the increased price of raw materials and particularly natural rubber, synthetic rubber and steel. But T&A would like to know what you think about the recent spate of price increases issued by manufacturers around the world? Are they a necessary evil, a stealth tax on distributors or just the result of prudent financial planning on the part of the manufacturing business? To place your vote and leave your opinion click here.

4th November 2005/by Tyrepress Editors

Blackcircles Aims for UK Retail Revolution

Blackcircles.com is aiming to turn 700 independent garages across the UK into franchisees. And what’s more, managing director, Mike Welch, has a five-year plan to capture 10 per cent of the market and plans to enter Europe in 2006.

Blackcircles.com is something of dotcom success story. Founded in 2001 when Mr Welch was 23, the company currently operates a network of 987 independent garages serving consumers from “Thurso to Truro.” Next the 27-year-old managing director is aiming to capitalise on this position by turning 700 of the garages into branded franchisees, making local independent garages into outlets linked to Blackcircles’ ordering and stock checking systems.

4th November 2005/by Tyrepress Editors

Hayes Lemmerz Appoints VP Steel Wheel Operations

Hayes Lemmerz International has appointed John Stephenson as vice president of the Steel Wheel Operations for the company’s International Wheel Group, effective immediately. Mr. Stephenson will report directly to International Wheel Group President Fred Bentley. Mr Stephenson will have responsibility for the company’s International Steel Wheel businesses with operations in Germany, Spain, Czech Republic, and India.

1st November 2005/by Tyrepress Editors

Bridgestone Europe Announces Price Increases

Bridgestone Europe NV/SA announces that it will increase prices on all of its tyre brands and categories. It will apply to all replacement channels in all European countries. The increases are up to 5 per cent and are scheduled to take effect from 1 January 2006.

According to Guenter Unterhauser, senior vice president sales & marketing of Bridgestone Europe: “Our manufacturing divisions are facing huge increases in raw materials costs. The recent increases in oil based raw materials, as well as natural rubber and energy, puts us in the situation where we have to increase prices.”

31st October 2005/by Tyrepress Editors

Goodyear Sets Quarterly Sales Mark, Hits $142 Million Profit

(Akron/Tire Review) Goodyear Tire & Rubber Co reported net income of $142 million, the company’s best quarterly result since the third quarter of 1998 and up substantially from its 2004 third quarter profit of $38 million. The profit came against record quarterly net sales and strong results from its tyre operations, Goodyear said. Goodyear recorded sales of $5 billion for the quarter, up 7 per cent from $4.7 billion during the same period last year. 2004 period. Third quarter tyre unit volume increased to 58.4 million units, up 1.8 per cent from last year.

27th October 2005/by Tyrepress Editors

Delphi Appoints Aftermarket Marketing Director

(Akron/Tire Review) Delphi Corp. appointed Brian Altenberger as global director of marketing for its Delphi Product & Service Solutions unit. Altenberger replaces Lucia Moretti who was recently named managing director for Delphi’s Aftermarket operations in Europe, Middle East and Africa. In his new role, Altenberger will be responsible for global marketing for Delphi’s aftermarket product lines, distribution strategy and business planning.

26th October 2005/by Tyrepress Editors

Continental to Increase Low Cost Production

Continental is to increase its production capacity in so-called low cost European countries by 3-4 million units each year, analysts have reported. Given the fact that labour costs in Western Europe are five times higher compared to Central and Eastern Europe the Deutsche Bank analysts calculate a competitive advantage of five euros per tyre.

21st October 2005/by Tyrepress Editors

Two Dozen Senior Execs Leave Bandag Europe

As many as two dozen of Bandag’s senior managers, including Peter de Cabooter, sales director Europe and Lennart Lindstroem, production director Europe, are said to have left the company last week. There are no specific details of whether the executives left voluntarily or were asked to leave. While there are not many confirmed details, it is clear that Bandag is losing ground in the European market.

21st October 2005/by Tyrepress Editors

Continental to Invest up to £27 million in Malaysia

Continental AG is planning to spend between £22 million and £27 million on equipment and machinery at its plants in Malaysia, the company’s director of marketing and sales for passenger car replacement Europe Jurgen Schmidt told the Malaysia Star newspaper.

19th October 2005/by Tyrepress Editors

Hankook to Re-select European Plant Site

Hankook Tire Co, says it will select a new site for its proposed European plant by November, and is aiming to break ground next spring. According to Asian news sources, Hankook’s chief executive Cho Choong-hwan reiterated the plan to begin European production in 2007 during his speech at an international automotive industry forum, stressing the strategic importance of the European market.

18th October 2005/by Tyrepress Editors

Duracord Enters Receivership

Tyre cord maker Duracord (Europe) has collapsed with the loss of 70 jobs, the Manchester Evening News has reported. Durachord of Castleton, Rochdale, was previously known as Dunlop Textiles. The company’s directors called in administrators last week and the company has now gone into receivership. Phil Roberts, Rochdale branch secretary of the GMB union, said Duracord’s employees would have to apply to the government for their wages, holiday money and redundancy pay, which could be a lengthy process.

17th October 2005/by Tyrepress Editors

Federal-Mogul Appoints Mauro Parisi as Vice President Aftermarket EMEA

Joseph P Felicelli, executive vice president, Aftermarket products and services, has announced the appointment of Mauro Parisi to the position of vice president, Aftermarket, Europe, Middle East and Africa, effective immediately.

12th October 2005/by Tyrepress Editors

Pirelli Raises Tyre Prices

As a consequnce of the continuing cost increase of the sector’s key raw materials and energy, Pirelli Tyre has announced an increase of its list prices, differentiated by area and segment.

The increase will be 4.5 per cent in Europe and North America for car, SUV and commercial vehicle tyres, and all Group brands; and 6 per cent worldwide for all Motorcycle Tyre brands.

10th October 2005/by Tyrepress Editors

Kleber Key Dealer Scheme

Glanworth Tyres has been appointed as Kleber’s exclusive wholesaler in Ireland. It will distribute Kleber car and van tyres in what, the manufacturer claims, is one of the brand’s fastest growing markets and the sixth largest in Europe.

“The link between the largest tyre manufacturer in the world, the largest wholesaler in Ireland and some of the best tyre retailers around is sure to guarantee a successful future,” remarked sales director Estelle.

7th October 2005/by Tyrepress Editors

Bridgestone’s E-reporter Announced

The UK finalist of the Bridgestone e-reporter competition, Mike Channell, has been announced as the overall winner of its pan-European Bridgestone e-reporter young journalist competition.

He attended the European Grand Prix as part of his prize and reported on the inaugural GP2 Series for Bridgestone Europe and the GP2 Series’ websites. Channell will fly to Japan for this year’s Tokyo Motor Show, and also received a new laptop.

7th October 2005/by Tyrepress Editors