Europe Archives - Page 68 of 179 - Tyrepress

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Hankook celebrates successful DTM debut

High praise for Hankook came after the company’s first DTM race as exclusive tyre supplier. Following the weekend’s touring car race at the Hockenheim circuit in Germany, viewed by some 58,000 spectators including Hankook Tire executive vice-president and Europe COO Jin-Wook Choi and global CSFO Hyun-Bum Cho, race winner Bruno Spengler declared the Hankook Ventus race tyres to be “very good,” adding that “even though we are running a lot over the kerbs here at Hockenheim, the tyres remained consistent. That is really very good.”

3rd May 2011/by Tyrepress Editors

CGS price increase extended into Western Europe & other markets

Following the implementation of price increases averaging 10 per cent in its US, Eastern European and Russian markets in April, CGS Tyres will extend this increase into its remaining markets, including Western Europe, in May. The manufacturer says rising raw material prices are behind this price adjustment.

2nd May 2011/by Tyrepress Editors

Goodyear reports record sales and a Q1 profit

Goodyear Tire & Rubber has reported record sales and higher unit volumes for the first quarter of 2011 – and a net profit for the quarter. The tyre maker’s first quarter 2011 net income was US$103 million, up from a net loss of $47 million for the same period in 2010.

29th April 2011/by Tyrepress Editors

Point S plans for North American growth now concrete

Management at Point S Development – the France-based operation responsible for developing the international Point S network – have spoken of significant growth plans since late 2009. Many of their goals have already been realised and today Point S is represented by networks in 20 European countries, making it one of the region’s largest retail tyre organisations. With Point S now represented throughout much of Europe, Point S Development is casting an eye across the Atlantic. Plans for expanding into North America on the drawing board since 2009 are now being implemented in more concrete terms.

28th April 2011/by Tyrepress Editors

Hungarian Bandag franchisee ‘strengthens’ Bridgestone’s fleet package

On 14th April the new Hungarian Bandag franchise dealership, 5-Let Ltd., inaugurated its new retreading facility. Established with an investment of 2 million euros, the plant in the town of Mezőszilas began production on March 30 and is expected to produce 2,500 retreads this year; this number should double by 2013.

27th April 2011/by Tyrepress Editors

Starco preparing for further Eastern Europe growth

Agricultural and other primary resource industries continue to play a leading role in the economic growth and social development of the former Soviet republics. In these nations, agriculture, natural resource development and the construction industry have always been at the forefront of economic development, and this is now being further facilitated by the growth of private enterprise, an influx of foreign investment capital and a general recovery from the global economic recession.

26th April 2011/by Tyrepress Editors

Goodyear Innovation Center names Jean-Pierre Jeusette general director

Goodyear has announced the appointment of Jean-Pierre Jeusette to general director of the Goodyear Innovation Center in Luxembourg (GIC*L). Jeusette was previously director, Technology Consumer Tyres for Europe, the Middle East and Africa, and has 21 years’ experience with Goodyear on a variety of assignments in both Luxembourg and Akron. Jeusette replaces Marc Junio, who has elected to retire after 34 years of Goodyear service.

21st April 2011/by Tyrepress Editors

Goodyear amends European credit facility, closes notes offering

Goodyear has today released the following statement about changes to its European credit facility: “The Goodyear Tire & Rubber Company today announced that it has amended and restated its European revolving credit facility and closed an offering of €250 million aggregate principal amount of senior notes due in 2019 by its European subsidiary, Goodyear Dunlop Tires Europe B.V. (GDTE). Changes to the European credit facility include the extension of the maturity to 2016 and the reduction of available commitments from €505 million to €400 million. Loans under the amended facility will bear interest at EURIBOR plus 250 basis points.

21st April 2011/by Tyrepress Editors

Avon appoints Mileage Tyres as Irish distributor

Mullingar-based tyre dealer, Mileage Tyres, has been appointed as an official Avon Tyres distributor, the Cooper Tire-owned brand announced today. Mileage has operated in the Republic of Ireland for more than 20 years, and will now stock products from Avon’s passenger car, UHP and van ranges. The distributor’s sales director Steve Jackson said that the addition of Avon Tyres to its product offering will lead to an increase in footfall and profit for the company.

19th April 2011/by Tyrepress Editors

Citroën DS3 Racing rolls out on Bridgestone Potenza RE050A

Bridgestone has announced that Citroën has selected its Potenza RE050A sports tyre for the Citroën DS3 Racing, Citroën’s hot hatch in the premium DS line. The 215/40R18 tyre is now fitted on all Citroën DS3 Racing production cars. The ultra-high-performance Potenza RE050A is designed to handle the power output of an over 200 hp turbo-charged engine like this Citroën DS3 Racing. It has an asymmetric pattern designed for a dynamic balanced performance with sharp response, precise steering and high-level wet safety.

15th April 2011/by Tyrepress Editors

Point S reaches 90 branch mark in the UK

European tyre retail franchise point S, which only entered the UK market last year, already has 90 branch members. This development will enable the European management achieve better forecasting and make the target of 100 service centres in the UK the firm announced at Reifen Essen and Brityrex last year a reality. "Our partner network in the UK is on its way to becoming the third largest national organization in the point S to develop Europe," said Jürgen Benz, director of European point S and point S Germany.

15th April 2011/by Tyrepress Editors

New Caterham Seven rolls out on Avon CR500

Avon Tyres has a long association with another British brand famed for its sporting activities, Caterham Cars, and in keeping with this relationship the tyre brand has announced its CR500 as the original equipment 13” tyres for the latest incarnation – the first new edition in two years – of Caterham’s Seven range, the Supersport. Derived directly from the race car that competes in the Caterham Supersport championship, the road-going model borrows the track version’s performance essentials and then fine-tuned for the road. Priced £19,995 in self-build form, the 140bhp Supersport remains true to Colin Chapman’s 1950s concept of lightweight, minimalist machines that place outstanding handling characteristics.

14th April 2011/by Tyrepress Editors

Michelin presenting XDW Ice Grip at CV Show

A second harsh winter in a row seems a deciding factor in the latest truck tyre range launched by Michelin in the UK. At this week’s CV show at the Birmingham NEC, the manufacturer’s XDW Ice Grip – available in size 295/80 R 22.5 – will be shown off to UK trade show visitors for the first time.

13th April 2011/by Tyrepress Editors

Yokohama to share China strategy during Auto Shanghai

At the upcoming Auto Shanghai 2011, which runs from April 19 to 28, Yokohama Rubber will hold a press conference outlining its business strategy for China. One part of its plans for the growing market there is the release of the BluEarth eco tyre range; following its recent launch in Japan and Europe, Yokohama Rubber intends to release the line-up in China this autumn. Yokohama says it will use the show to improve recognition of BluEarth within China. During Auto Shanghai the Japanese tyre maker will also publicly announce its activities in collaboration with the China Environmental Protection Foundation.

13th April 2011/by Tyrepress Editors

Evonik erects isobutene plant at Antwerp site

Following an investment of “tens of millions” of euros, Evonik Industries has added a high-purity isobutene plant to its facility in Antwerp, Belgium. The new plant can produce up to 110,000 tonnes of isobutene per annum and forms part of the site’s integrated C4 production platform. The investment has tripled Evonik’s production capacity for isobutene, which is used in butyl rubber of applications such as reducing air permeability in tyres.

12th April 2011/by Tyrepress Editors