You are here: / Germany

Posts

ChemChina to acquire KraussMaffei Group for €925million

Leading chemical group China National Chemical Corporation, or ChemChina, has agreed to acquire machinery manufacturer KraussMaffei Group from Onex Corporation for a cash enterprise value of 925 million euros. ChemChina’s acquisition of the KraussMaffei Group covers the German company’s three brands of products, including the KraussMaffei Berstorff range of extruders, roller head systems and cap strip systems for the tyre industry. The transaction is subject to closing conditions including customary regulatory approvals.

Read more

Related news:

  1. Pirelli/ChemChina deal, the story so far
  2. Pirelli in talks with a number of bidders before ChemChina deal
  3. Marco Polo/ChemChina buy almost 10 per cent of Pirelli shares
  4. ChemChina to acquire Swiss agribusiness firm for US$43 billion
/by

Huber appointed to Magna Tyres sales role

Following on from its recent appointment of Stephan van Leeuwen as sales manager for the UK, Ireland and Italy, Magna Tyres has named another Stefan – this time Stefan Huber – its new regional sales manager for the south of Germany. From January 2016 he will work alongside Arno van der Linden, who has been employed as a Magna sales manager for Germany since spring 2015.

Read more

Related news:

  1. Magna Tyres appoints new UK, Ireland & Italy regional sales manager
  2. ISO 9001:2008 certification for Magna Tyres
  3. Magna to launch M-Straddle at Bauma
  4. Magna Tyres: 18 months and counting at German mine
/by

Apollo’s acquisition of reifen.com a ‘sound strategic extension of the value chain’

Apollo Tyres’ takeover of reifencom GmbH, operator of e-commerce sites in six European countries, has been described as part of the company’s strategy to expand its retail network in the European market. Apollo said its takeover will allow it to support the expansion activities of its subsidiary Apollo Vredestein, which include major investments in the European premium brand Vredestein. The company stated that it has major plans for growth via an expansion of its original equipment activities – the groundwork for which is being laid via the current construction of a new plant in Hungary.

Read more

Related news:

  1. Apollo Tyres buys Germany’s reifen.com
  2. Apollo Tyres opens €475 million greenfield Hungarian plant
  3. Maloya returns – but only in Germany for now
  4. Ex-Continental man to head Apollo Tyres’ European & American operations
/by

Apollo Tyres buys Germany’s reifen.com

,

Apollo Tyres Ltd has announced its acquisition of tyre wholesaler and online retailer Reifen.com GmbH. The German company changed hands for €45.6 million and, according to Neeraj Kanwar, vice-chairman and managing director of Apollo Tyres, the purchase of Reifen.com represents a “strategic fit in further growing our European business.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Apollo’s acquisition of reifen.com a ‘sound strategic extension of the value chain’
  2. Apollo Tyres opens €475 million greenfield Hungarian plant
  3. Francesco Gori appointed as Apollo Tyres advisor for strategy
  4. Leading marques considering Apollo as an OE supply partner
/by

Michelin publishes Germany Guide with special ‘Bib Gourmand’ value listings

Michelin Guides has published ‘Bib Gourmand Germany 2016’, a new guide to the country featuring 288 pages of restaurant recommendations in the country. A favourite feature of Michelin’s inspectors, “Bib Gourmand” recommends restaurants that offer high value: 469 restaurants in Germany qualify for the status, around 30 per cent more than in 2010. 50 restaurants […]

Read more

Related news:

  1. Trio of Guides Added to Michelin Library
  2. Further loss for Germany’s Top Service Team
  3. Michelin buffs away loss-making Laurent pre-cure business in Germany
  4. End of the line for Michelin retreading plant
/by

Why it’s too early to cry tyre-mageddon

, ,

On 3 November Michelin announced a series of pan-European tyre manufacturing restructuring plans designed to address the dual pressures from the on-going negative effects of the 2008 global financial crisis and the sharp increase of low-cost imports – especially in the truck and bus tyre segment. In short this means the closure of its Ballymena truck tyre plant, alongside investment in its Dundee and Stoke facilities; as well as the closure of its Pneu Laurent retreading operation in Germany; not to mention further significant investments and some closures in Michelin’s Italian tyre production plants.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Trio of Guides Added to Michelin Library
  2. Michelin launches X Multi D coach, medium truck tyre
  3. The thinking behind Bridgestone’s TomTom Telematics acquisition
  4. Fintyre platform company acquires Reiff Reifen & Autotechnik
/by

Michelin closing Pneu Laurent (Germany) in 2016

,

In addition to closing its Ballymena truck tyre factory, Michelin has announced plans to shutter its Pneu Laurent location in Oranienburg, Germany at the end of 2016 and shift all of its activities to Michelin’s Avallon, France retreading location.

Read more

Related news:

  1. Michelin launches X Line Energy
  2. Why it’s too early to cry tyre-mageddon
  3. End of the line for Michelin retreading plant
  4. Continental and Bandvulc management comment on integration process
/by

Retreader Reifen Apel achieves continuity through focus on quality

There’s a lot of talk within the tyre market at the moment – particularly in the retreading business – about tyres imported from the Far East, tyres that sometimes cost barely half as much as a new, European-made truck tyre and therefore make life very hard for many retreaders. But even though the market weakness that follows these imports is a point of concern for all involved, the problems that arrive along with these budget tyres don’t affect everyone equally.

Read more

Related news:

  1. Retreads Gaining Ground in Germany
  2. Vipal offers tread to improve snow traction for heavy vehicles
  3. Steinbichler begins US distribution agreement
  4. Kraiburg showing 50 years of history plus new designs in Essen
/by

Up to 25% share in Schaeffler to be sold through IPO

,

Continental AG majority shareholder and automotive industry supplier Schaeffler today announced its intention to place up to 166 million new and existing non-voting common Schaeffler AG shares with institutional investors and to list these on the Prime Standard segment of the Frankfurt Stock Exchange’s regulated market. The proceeds of this initial public offering will be used to reduce debt within both Schaeffler AG and Schaeffler Holding.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. A double win for Conti at TTI Awards
  2. HPTC opening brings Industry 4.0 to Continental’s tyre production
  3. Continental Makes Forbes “Global High Performers” List
  4. There’s money in them tyres – Schaeffler tops Germany’s rich list
/by

Continental takes victory in GTÜ winter tyre test

German vehicle inspection organisation the Gesellschaft für Technische Überwachung (GTÜ) has released one of the season’s first winter tyre tests, and the result are mostly positive. The test of eight size 225/50 R17 H/V tyres was jointly carried out with the Autoclub Europa (ACE), using a BMW 320i as test vehicle. The tyres were subjected to the usual snow, ice and wet tests.

Read more

Related news:

  1. Ten price-competitive tyres put to the test
  2. Giti contests findings of ACE tyre test
  3. Giti undertaking further ‘independent’ tests following ACE summer tyre results
  4. Giti on GTÜ tyre test: We’re “very confident” of our tyre’s performance levels
/by

A-Z investment to give Continental added tyre mould options

Continental’s acquisition of A-Z Formen- und Maschinenbau GmbH last year brought one of the world’s most skilled tyre mould manufacturers in-house. Now the German tyre maker has announced its intention to expand capacity for extremely detailed tread designs at the A-Z factory in Runding, Bavaria this year through the construction of a new foundry. This project will be funded by a €6 million investment in A-Z Formen- und Maschinenbau. Continental says the investment will better prepare it for the increasingly complex nature of tyre moulds and their production, and will lead to 20 new jobs being created at Runding site.

Read more

Related news:

  1. HPTC opening brings Industry 4.0 to Continental’s tyre production
  2. German technology substituting football: Continental launches new global campaign
  3. Continental: Total Lousado investment to reach €150M
  4. Tyres & Safety: Continental partners with ADAC in Germany
/by

New Speedline megatrailer forged truck wheel to make world debut at NUFAM 2015

,

Speedline Truck has announced plans to debut a new forged truck wheel at NUFAM between 24 and 27 September 2015. The Karlsruhe, Germany event sees over 300 exhibitors in an area of more than 60,000 m² representing every segment of the sector: commercial vehicles in every weight class, vehicle fittings, superstructures, cranes, workshop equipment and accessories.

Read more

Related news:

  1. Speedline Truck expands programme to include inloaders
  2. Speedline Truck exhibiting at Swedish truck show
  3. Ronal exhibiting Speedline Truck at Swiss commercial vehicle trade fair
  4. Ronal displaying new products, technologies at The Tire Cologne
/by

Schmettau & Fuchs partners with Klarius on new emissions product range

, , ,

Bremen, Germany automotive parts distributor Schmettau & Fuchs has been working with Klarius for the last 12 months to supply its emissions products across the north west of Germany. The German aftermarket’s requirements acknowledge the country’s reputation for high quality automotive production, making it an attractive proposition for the British manufacturer as a supplier of a wide range of high quality exhausts and emissions parts.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Klarius to invest £1.5million from 2016
  2. Klarius explains exhaust system back pressure: video
  3. Quinton Hazell Cheadle sold, other sites closing
  4. Autogem: TPMS tsunami coming
/1 Comment/by

Continental launching automotive software training scheme

,

Starting in September, Continental will introduce a new programme that will train “young people who are passionate about IT” to become automotive software developers. According to Ariane Reinhart, the tyre and automotive systems manufacturer’s Executive Board member in charge of human resources, the training programme will be based in Germany and involve close collaboration between Continental’s various divisions.

Read more

Related news:

  1. Continental bosses lay foundation stone for new HQ
  2. Revisiting the past for a better future – Continental looks at Nazi era activities
  3. Bentley’s Dr Ariane Reinhart joins Continental’s executive board
  4. Duensing to succeed Wente as ContiTech boss
/by

Hankook sponsoring Bundesliga club Borussia Dortmund for 2 more years

German football club Borussia Dortmund (BVB) and Hankook Tire have extended their ‘champion partner’ contract until 2018. The partners’ continued collaboration was announced following BVB’s first home game of the season on 15 August.

Read more

Related news:

  1. Hankook Tire making its presence known at Europa League final
  2. Falken Tyre sponsoring Bundesliga newcomer
  3. Linglong Tire now a Wolfsburg ‘Club of Champions’ sponsor
  4. Football: Kumho Tire’s Schalke 04 sponsorship extended
/by

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.