expansion Archives - Page 53 of 78 - Tyrepress

Tag Archive for: expansion

Micheldever Chooses Syncron Supply Chain Management Software

Micheldever Tyre Services, arguably the UK’s largest tyre wholesaler operation, has selected Syncron software to reduce inventory levels, increase availability and reduce operating costs. Micheldever has reportedly licensed Syncron’s Supply Chain Planning solution to achieve more efficient management of its supply chain. According to the company, the new system will help Micheldever reduce inventory levels, increase availability and reduce the cost of purchasing. The solution is also expected to reduce the amount of inter-location trucking between Micheldever distribution network outlets.

3rd October 2008/by Tyrepress Editors

Euro Car Parts Buys LSUK

Euro Car Parts has acquired the businesses of Pinco 1555 Ltd, otherwise known as LSUK. Euro Car Parts will take over all 53 LSUK Branches, together with subsidiaries M I Diesel Products, Protech Automotive (UK) and Yeovil Rewind. Chairman, Sukhpal Singh commented on the acquisition: “Euro Car Parts has proved its ability to grow organically in difficult times. The purchase of LSUK will further accelerate our expansion and support our quest to provide the ultimate in quality and service to the automotive aftermarket.”

He added: “Previous acquisitions by Euro Car Parts have shown our willingness to invest in the staff and fabric of companies, so as to bring them up to the same market-leading standards that have gained Euro Car Parts many awards for customer service throughout the industry.”

30th September 2008/by Tyrepress Editors

Conti Opens Second Facility in Calamba, Philippines

A second manufacturing site belonging to Continental AG has been opened in Calamba, the Philippines. The factory, inaugurated September 25, produces inertial, speed, and advanced sensors, chassis components, passive safety and ADAS components for the company’s Chassis & Safety Division as well as ECUs, transmission controllers, sensors and actuators for the Powertrain Division. This event reflects Continental’s strategy to build and strengthen the network and manufacturing operations in Asia, where the company intends to make between 20 and 25 per cent of its total sales in this region by 2015.

26th September 2008/by Tyrepress Editors

Toyo Appoints Takagi as New VP, COO

Yasushi Takagi, a 27-year veteran of Toyo, was recently appointed executive vice president and chief operating officer of Toyo Tire U.S.A. Corp. As EVP and COO, Takagi will work with staff in all departments to continuously evaluate sales and marketing efforts in the U.S. and create plans for the future.

“Mr. Takagi brings with him extensive knowledge and understanding of Toyo’s global vision,” said Masaharu Yoshimoto, president and CEO of Toyo Tire U.S.A. Corp. “This insight and strategic thinking is extremely important as we continue to grow the Toyo brand in the United States. We are very happy to have him join us.”

From January 2006 to August 2008, Takagi served as general manager of Toyo’s corporate planning department. In this role, he coordinated with all entities of Toyo. He outlined strategies and set goals for global expansion by the company’s 70th anniversary in 2015. He also played a key role in negotiating the recent business alliance with Bridgestone Corp. Prior to January 2006, Takagi held several international positions while in Europe for nearly 20 years, including director of Toyo Tyre (U.K.) and president of Toyo Reifen GmbH (Germany). (Tire Review/Akron)

26th September 2008/by Tyrepress Editors

Michelin to Invest 30 million euros in Poland Production

Michelin Group is reportedly planning to invest roughly 30 million euros in expanding its production adjacent logistics operation in Poland. The expansion, which will take place in the Warmia-Mazury special economic zone, will reportedly see the company occupy a total of 177 hectares of the zone, according to the Polish Information and Foreign Investment Agency (PALiLZ). According to Michelin, a 20 per cent rise in automotive production in Eastern Europe during the first half of 2008 boosted growth in original equipment tyre demand.

24th September 2008/by Tyrepress Editors

Euro Car Parts Opens 2 Branches

Euro Car Parts (ECP), the UK’s leading aftermarket parts supplier, has opened a new branch in Hoddesdon, Stockport and extended the Sheffield branch to 5,000sqft from 2,000sqft in line with their future plans. The 8,000sqft Hoddesdon branch has 15,000 parts, tools and accessories in stock and receives six deliveries from the HQ in Wembley daily with access to over 100,000 parts. The branch has 18 members of staff with over 70 years experience in the automotive aftermarket. The 11,500sqft Stockport branch has a large number of parts, tools and accessories in stock and receives daily deliveries from the Manchester Euro Car Parts branch. The branch has 19 members of staff.

9th September 2008/by Tyrepress Editors

Rough [Shred] Diamond?

When Sapphire Energy Recovery announced it was redeveloping a brownfield site in Trafford into a bespoke end-of-life tyre (ELT) reprocessing centre back in 2006, the company’s 100,000 tonnes a year target may have sounded ambitious. Two years later the Manchester site is looking better than ever and is now equipped to de-rim tyre/wheel fitments and accept rough shred. And what’s more, thanks to the development of similar sites near arterial routes all over the UK, last year Sapphire broke the 50 million tyre barrier – something that is particularly impressive when you consider that the company was only founded in 2000.

When Tyres & Accessories first visited Sapphire’s Manchester site (located in Greater Manchester’s Partington, Trafford area) two years ago, the facility had only just received the might Colombus McKinnon shredder that forms the centre of the site’s works. Now that this is fully up to speed, the company aims to raise the bar 20 per cent from its 2006 target and process 120,000 tonnes of ELTs this year. Any further expansion is expected to depend on further cement industry growth.

4th September 2008/by Tyrepress Editors

Dunlop Aircraft Tyres Announces New Research Head

Dr Wei Ding has been unveiled as the newly created head of research at Dunlop Aircraft Tyres. He will develop and implement the forthcoming research strategy for the manufacturer, reporting to Martin Pye, the Birmingham-based tyre maker’s technical director.

Wei arrives at Dunlop from his position as project manager for tyre research and team leader for tyre and brake modelling and simulation at Airbus. His employment in the new position is directly related to the company’s expansion strategy, states chairman Ian Edmondson: “We are looking to get closer to the airframe constructors and Wei’s background will mean that we are better placed to develop new products that meet their future needs.”

Dr Wei has been a research fellow at the Interdisciplinary Research Centre in Materials Processing, after which he worked as a senior engineer in the automotive tyre industry. He is a chartered engineer, and his latest task will be to oversee growth, as Dunlop seeks to consolidate and improve its position in the aeronautical industry as the sole specialist aircraft tyre manufacturer.

28th August 2008/by Tyrepress Editors

Georgia on Toyo’s Mind for Expansion

Toyo Tire is ready to invest in a third Georgia expansion since 2004. Governor Sonny Perdue has revealed to local news sources that the Japanese company will invest a further $270 million in its White, Bartow County facility, creating another 400 jobs.

The company hopes to double output to 5.2 million units a year in 2011, with a total of 850 employees working in the newly-expanded factory.

27th August 2008/by Tyrepress Editors

Cooper to Free Up Domestic Capacity with China Imports

According to reports, Cooper Tire expects to receive around 2.5 million tyres from its Cooper Chengshan Tire facility in China during 2008. The total phase one capacity of the plant is 6.5 million units, and Cooper is planning an expansion of over two million tyres.

21st August 2008/by Tyrepress Editors

ExxonMobil Expands Halobutyl Capacity to Meet Tyre Demand

A major capacity expansion at ExxonMobil Chemical’s halobutyl manufacturing facility in Texas, USA has recently been completed, the company announced. The capacity expansion was carried out, says ExxonMobil Chemical, in keeping with its commitment to help meet growing demand for halobutyl rubber. By adding equipment and modifying existing facilities, the Baytown plant has increased its capacity to produce Bromobutyl rubber (brominated butyl rubber) by 60 per cent.

6th August 2008/by Tyrepress Editors

Michelin Signs US Truck Tyre Deal With InterStar

An additional 237 service locations for US truck drivers and fleet operators seeking Michelin tyres and emergency roadside assistance are now available thanks to an agreement between Michelin Americas Truck Tires and InterStar North America. The deal, which has already taken effect, brings Michelin tyres into InterStar’s network of roadside service centres across the nation.

“Emergency road service is a vital component in keeping trucks moving across the country,” said Guy Pekle, vice president of replacement sales, Michelin Americas Truck Tires. “It is essential for us to ensure that truckers who choose to run on Michelin tyres have the best possible access to our products in an emergency. InterStar has long been a service provider to the trucking community, and we believe that this expansion of Michelin product availability, both standard dual tyres and X One tyres, is a great advantage for truckers.”

5th August 2008/by Tyrepress Editors

Zeus Acquires Liebherr Site

Zeus recently acquired the current offices and workshop complex of Liebherr’s Dortmund plant and equipment services facility. According to company representatives, the move is designed to further Zeus’ global strategic growth programme for large earthmoving, OTR and general industrial tyre filling and puncture proofing solutions.

The new site is located adjacent to Zeus’s main manufacturing plant in Dortmund, Germany. Once the new complex is refurbished and fully equipped, it will add an extra 7,000 square metres of office space, laboratory, manufacturing, distribution and servicing facilities.

4th August 2008/by Tyrepress Editors

JK Tyre Quarter Profits Hit by Increased Costs

Third quarter profits for JK Tyre & Industries Ltd were dented by rising material costs. Although sales in the three months to June 30,2008 were 17.7 per cent up on the previous year, between April and June the company recorded a net profit of Rs 202.4 million (£2.37 million), an increase of just 0.25 per cent on the previous year’s third quarter. Net sales for the quarter were Rs 8.49 billion (£99.57 million), as opposed to 7.22 billion (£84.68 million) a year earlier.

25th July 2008/by Tyrepress Editors

MTNA Boosts Production at Madison Plant by 25%

Marangoni Tread North America has increased Ringtread production at its Madison, Tennessee Alpha-Ring manufacturing plant by 25 per cent. The company reports this greater production will accommodate both domestic and global growth. Specifically, 14 per cent more Ring moulds have been installed at the Madison facility in order to handle North American market growth and provide better service to the North American Ringtread dealer network. On top of this, the Madison plant is now shipping Ringtreads to other global markets, and further expansion is scheduled for next year.

23rd July 2008/by Tyrepress Editors