Europe Archives - Page 41 of 179 - Tyrepress

Posts

Titan to repay debt with note offer

On 1 March, Titan International announced its intention to offer through a private placement, subject to market and other conditions, US$275 million aggregate principal amount of its 7.875 per cent Senior Secured Notes due 2017. The tyre maker says it intends to use the net proceeds from the offering to repay a portion of the existing indebtedness of certain of its indirect subsidiaries under the European credit facilities assumed as part of its acquisition of Titan Europe Plc in the fourth quarter of 2012. Any remaining net proceeds will be used for general corporate purposes, which may include financing potential future acquisitions and the repayment of other existing obligations.

4th March 2013/12,345 Comments/by Tyrepress Editors

Commercial vehicle sales fall across Europe

Demand for new heavy trucks (over 16 tonnes, excluding buses and coaches) declined the most sharply across segments in January (-18.4 per cent), totalling 15,510 vehicles. All major markets contracted, from -9.3 per cent in Italy to -11.1 per cent in Spain, -15.4 per cent in France and -22.0 per cent in Germany and the UK.

1st March 2013/12,345 Comments/by Tyrepress Editors

HGV Road User Levy Act becomes law

The HGV Road User Levy Act became law today (28 February) paving the way for a fairer deal for UK hauliers. Most EU states already charge lorries for using their roads which means that British vehicles have to pay to drive in Europe, while foreign lorries can drive in the UK without paying for the wear and tear they cause on the roads.

1st March 2013/12,345 Comments/by Tyrepress Editors

Half of tyres changed at illegal tread depths

Micheldever Tyres Service’s latest quarterly tread depth analysis shows that between March 2012 and March 2013 between 50 and 60 per cent of tyres taken off in depots were already below the 1.6 millimetre legal limit. A further 40 per cent were on or just above it and only around three per cent were above 2 millimetres. Flicking back to when the research began in June 2008 it is clear to see that that the situation has deteriorated markedly over the last four or five years. Back then only around 15 per cent of tyres brought into depots were already illegal. Now it is more than triple that.

28th February 2013/12,345 Comments/by Tyrepress Editors

Firestone launches agricultural sprayer tyre

Firestone has announced details of its first tyre for the agricultural sprayer market, the Performer Row Crop. Displayed for the first time at SIMA 2013 in size 270/95R48, Firestone will expand the Performer Row Crop tyre size line up to include 85, 90 and 95 series in the near future. “Firestone concentrates on solutions that give farmers a more efficient and sustainable way of working, through savings in fuel consumption and working time” says Harald Van Ooteghem, senior manager marketing planning, Bridgestone Europe.

26th February 2013/12,345 Comments/by Tyrepress Editors

2012 a ‘record year in every way’, says Titan

Maurice Taylor may not be cut out for a high level diplomatic posting, but the man certainly knows how to run a profitable company. In the 2012 financial year Titan International increased its sales 22.4 per cent US$1,820.7 million – a record for the company. Gross profit for the year grew 26.7 per cent $294.1 million, or 16.2 per cent of net sales, as compared to $232.1 million, or 15.6 per cent of net sales in 2011. Income from operations in the current year was $174.7 million, compared to $132.2 million in 2011, an increase of 32.2 percent, while net income for year-end 2012 was $95.6 million, compared to $58.2 million in 2011, an increase of 64.3 per cent.

26th February 2013/12,345 Comments/by Tyrepress Editors

Toyo Tires on Toyota Prius+

Proxes R35A have been chosen by Toyota for original equipment fitment on the new Prius+. The first full hybrid seven-seater in Europe has been equipped with Toyo 215/50 R17 91V Proxes R35A from launch.
Toyo Proxes R35A tyres reportedly help the Prius+ to offer the lowest emissions of any seven-seater on the market.

25th February 2013/12,345 Comments/by Tyrepress Editors

Further Michelin Clio Cup details given

Organisers of the Michelin Clio Cup Series with Protyre, the newly established saloon car category that is intended to provide a highly cost-effective first step into competitive car racing in the UK, are pleased to reveal the latest technical details and pricing for the road-to-race conversion kit.

25th February 2013/12,345 Comments/by Tyrepress Editors

GTÜ, Autoclub recommend Dunlop, Vredestein, Falken tyres

Germany’s largest officially recognised inspection organisation the Gesellschaft für Technische Überwachung (GTÜ) and Autoclub Europa (ACE) have conducted extensive summer tyre testing, giving the Dunlop BluResponse its highest recommendation, with the Vredestein Sportrac 5 in second place. One tyre receiving a “recommended” rating at a lower price point was the Falken ZIEX ZE914 Ecorun. The summer tyre received the rating by achieving an above-average environmental score at a low price to performance ratio.

21st February 2013/12,345 Comments/by Tyrepress Editors

GT Radial to debut first city bus tyre at CV Show

GT Radial has announced that it will debut its first all position urban city-bus tyre at its CV Show stand (A60) in Hall Five on 9-11 April at the Birmingham NEC. The GAU861 has a reinforced sidewall to improve curbing and impact damage resistance, the manufacturer says, while the new tyre will start with a 20.2mm tread depth. As well as promoting the new product, GT Radial says it will be presenting its commercial vehicle roadside service assistance programme, GT Assist, launched in December 2012.

19th February 2013/12,345 Comments/by Tyrepress Editors

Hankook wins 2013 iF Design award

Hankook Tire has been awarded two iF Design Awards for its Ventus S1 evo2 Motion Graphic Brochure and Eco Motion Graphic Brochure animated product films. Both have both been awarded the 2013 iF Design Award in the ‘communication’ category. This marks the third time that Hankook has received the internationally recognised design award; the tyre maker also gained this distinction in 2009 and 2011.

19th February 2013/12,345 Comments/by Tyrepress Editors

Sustainable materials to remain a green tyre niche – for now

Speaking at the Tire Technology Expo in February, Adam Page, UK-based business manager of reports and consultancy at Smithers Rapra, shared on the global market for green tyres – the subject at the heart of the company’s latest tyre industry market report, the Future of Green Tires to 2017. One significant projection Page shared from the Smithers Rapra report is that although the value of green tyre market is expected to grow by more than 56 per cent between 2012 and 2017, green tyres based on sustainable and bio-materials will likely play a comparatively minor role in this growth.

18th February 2013/12,345 Comments/by Tyrepress Editors

New Bridgestone Technical Center Europe MD named

According to a statement released by Bridgestone Corporation on 18 February, the Bridgestone Technical Center Europe is soon to receive a new managing director. The tyre maker reports that Yutaka Yamaguchi will take on this role, which is currently held by Bridgestone Europe CEO and president Franco Annunziato, on 26 March.

18th February 2013/12,345 Comments/by Tyrepress Editors

HGV trailer sales fell 6.3 per cent in 2012

International News, News, Product News

Sales of heavy good vehicle trailers fell 6.3 per cent across Western Europe in 2012. Meanwhile heavy truck demand fell by more than 9 per cent, according to market analysts from the Clear agency, which pointed out that the figures were in line with its expectations. The fall was almost universal – only Norway and Denmark experienced increased trailer demand. The worst performing markets were Italy, Portugal and Spain, which saw falls of between 20 and 40 per cent.

13th February 2013/12,345 Comments/by Tyrepress Editors

Despite lukewarm Q4, Nexen achieves record sales, operating income in 2012

For the final quarter of 2012, Nexen Tire has reported sales of KRW 411 billion (£240.1 million), a year-on-year increase of 2.4 per cent, KRW 24 billion (£14.0 million) in operating income, a 90.1 per cent increase on Q4 2011, a 5.7 per cent operating margin and net profit of KRW 21 billion (£12.3 million), up 12.1 per cent year-on-year.

13th February 2013/12,345 Comments/by Tyrepress Editors