Goodyear Archives - Page 124 of 244 - Tyrepress

Founded in 1898 by Frank Seiberling, The Goodyear Tire & Rubber Company is an American multinational tyre manufacturing company based in Akron, Ohio. It is one of the oldest, biggest and best-known tyremakers in the world. Goodyear makes tyres for automobiles, commercial trucks, light trucks, motorcycles, SUVs, racing cars, aeroplanes, farm equipment and heavy earth-mover machinery. Find all the news and analysis you need relating to Goodyear here.

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Goodyear to Sell Luxembourg Steel Cord Plant

Goodyear has openly stated its desire to sell the company’s Luxembourg steel cord factory. As it disclosed to the “Luxemburger Wort” newspaper, talks with “four potential buyers” are underway, including with Belgium’s Bekaert, global top supplier of steel cord. The newspaper adds that the wire plant’s sale could be interpreted to be part of “Goodyear’s new management policy, one it wants in future to focus as far as possible concentrate upon the core business of tyre production, a change in strategy that Goodyear’s employees were recently informed about through an internal notice.” A company spokesperson told the newspaper that no contracts have been made and no offer as yet given. A buyer has also not yet been selected.

16th October 2009/by Tyrepress Editors

Martin West Appointed Infinity Tyres (Europe) General Manager

Infinity Tyres (Europe) Limited has announced the appointments of two new senior executives. Martin Lumb joins as sales manager, East Europe, while former Lassa and Goodyear manager Martin West, has been appointed as general manager, West Europe.

Prior to his appointment, Martin Lumb was Regional Manager (Mediterranean) for Goodyear, responsible for the development of key markets, such as Libya, Egypt and Lebanon. Originally employed as a graduate geologist in Cyprus and a financial consultant in Egypt, Martin has been in the tyre industry for over 18 years. Lumb will be based in Austria and have commercial and sales responsibility for the existing and developing markets of Eastern Europe.

Martin West was previously director, European marketing and business development of Lassa Tyres in Europe. Prior to this he worked for Goodyear in the UK, where he held a number of roles in both the manufacturing organisation and the retail unit, HiQ. West’s last role at Goodyear (UK) was general manager, retail development.

16th October 2009/by Tyrepress Editors

Michelin Celebrates ‘Navy Week’, but has Goodyear Trained its Guns on Military Contracts?

Representatives from the US Navy may have hauled up their anchors and, as it were, set sail for Greenville, South Carolina during October’s Navy Week 2009 festivities, but whether Michelin North America has grounds for continued celebration remains to be seen. While Michelin is currently top dog in the US military supply game, a defence bill passed by the US House of Representatives in late July opens up bidding on military contracts to other potential suppliers.

14th October 2009/by Tyrepress Editors

75 per cent of Tyre Referrals Come Through DriveRight Data

75 per cent of tyre referrals now come through the DriveRight system, according to the tyre and wheel data specialists. Company data shows DriveRight assists in facilitating over $4,500 worth of wheel and tyre business every second in the US alone. In the UK, 95 per cent of alloy wheels and 75 per cent of tyre referrals are said to be sourced using DriveRight data.

With consumers more commercially aware and web-savvy than ever, some tyre shoppers are wooed by user-friendly interfaces proving step-by-step guides to selecting a range of tyre options. Yet those inside the industry realise that while a GUI presentation is important, the integrity of the data at the back end is critical to business.

14th October 2009/by Tyrepress Editors

Goodyear Announces Farming Innovation Award Recipient

Goodyear announced farmer Richard Ledger as the winner of the Goodyear Farming Innovation Award 2009 at the British Ploughing Championships on 10 October. His Rabbit Fencing Machine was selected as one of three finalists from a wealth of entries to Goodyear in July. The finalists were presented to Harper Adams University College to select an overall winner. Ledger, owner of a family-run arable farm of 1,600 hectares growing wheat, rapeseed, linseed, beans and grain maize in East Kent, was given £3,500 worth of Goodyear farm tyres.

13th October 2009/by Tyrepress Editors

“New Opportunities Arising”: RH Claydon Becomes UK Matador Truck, Hankook’s Aurora Supplier

While the economic events of late-2008, carrying on to the present day saw the UK, along with most of the world, assume the default attitude of Dad’s Army’s Private Fraser (NB exclaiming, with wide, fatalistic eyes, “we’re all doomed!”), RH Claydon says that it has seen “healthy advances” in some segments, including agricultural products and tyres required for the Open Space Management Sector, sports complexes, golf courses, parks departments and local authority needs. The company has also announced that it is the sole UK supplier of Matador light and heavy truck tyres.

12th October 2009/by Tyrepress Editors

Kings Road Tyres Improving Service in North West England

Kings Road Tyres has a newly-opened Liverpool (Widnes) location, offering customers better service in the North West of England. The company, one of the UK and Ireland’s largest independent tyre distributors, can offer the majority of its customers, either next day/two day delivery throughout the countries using its own fleet of vehicles, from its eight strategically located sales and distribution centres.

12th October 2009/by Tyrepress Editors

Goodyear to Gain Compensation from Jamaica Subsidiary Liquidation

International News

Goodyear Jamaica Ltd’s liquidator, Deloitte Touche Tohmatsu in Jamaica, is to offer “interim distribution” compensation of $3.75 per share to existing shareholders “by the end of October or early November.” Goodyear Tire & Rubber Company is a leading shareholder and will reportedly receive over J$131 million (US$1.48 million) of the first payout. The liquidation process is expected to be completed by 2010.

9th October 2009/by Tyrepress Editors

Goodyear Dunlop Apprentices Celebrate First Year at BTCC

Goodyear Dunlop’s first apprentices in 15 years celebrated the end of their first year with the company and the successful progression onto their B-Tec and NVQ III qualifications with a visit to the HiQ British Touring Car Championship at Rockingham. The electrical and mechanical apprentices and their mentors got to see first hand the work of Dunlop Motorsport, following the steep learning curve of 12 months at the business’ Wolverhampton and Birmingham manufacturing sites. The company says that the scheme is developing highly skilled engineers of the future.

7th October 2009/by Tyrepress Editors

Goodyear Enters World of Outlaws for Series Tyre Supply Deal

Goodyear will supply the tyres for the World Racing Group’s World of Outlaws Sprint Car Series in an agreement that will last more than one season, according to a press statement released by the Group. The agreement will begin at the 2010 Florida DIRTcar Nationals next February, with World of Outlaws competitors required – somewhat ironically by the Series’ rules – to fit Goodyear rubber to their rear wheels.

6th October 2009/by Tyrepress Editors

Goodyear Launches DT818 High Speed

Goodyear UK and Ireland has launched its DT818 High Speed to the market. Part of the very popular Optitrac radial drive farm tyre range, the tyre comes in 13 sizes. According to the company, High Speed (HS) means that the tyres are D-rated and can operate at speeds up to 44mph (70kph) or at inflation pressures as low as 9psi. Even at lower operating speeds and for tractors that have a top speed of 25mph (45kph) or 30mph (50kph) these tyres provide performance advantages being able ton carry up to 9.5% more load at same inflation versus the conventional DT818 tyre. Furthermore, DT818 HS can carry the same loads as DT818 at lower inflation pressure thereby, elongating the footprint generating more traction and pull so that work gets completed faster and at lower cost as well as reducing soil compaction.

The tyre has a tuned and modified casing and the rubber compounds required to overcome the increased strains and forces on the tyres at 44mph. However, DT818 HS features the popular and proven Optitrac tread design concept including identical external dimensions and tread depth making it easy to convert from regular tyres to the new DT818 HS ones.

5th October 2009/by Tyrepress Editors

USW OKs Four-Year Deal With Bridgestone

(Tire Review) The last of the major tyre-makers has a new contract with the United Steelworkers.Union workers at Bridgestone Americas’ tyre plants ratified a new four-year master contract with the tyre-maker Saturday, brining the 2009 master contract negotiations to a quiet end.

5th October 2009/by Tyrepress Editors

Newsweek: Goodyear Among "Greenest Big Companies in America"

Newsweek Magazine has recognised Goodyear Tire & Rubber Company as one of “The Greenest Big Companies in America.” Companies were scored on factors that included environmental impact, green policies, and overall reputation as an environmentally conscientious company. The rankings were determined by Newsweek in conjunction with KLD Research & Analytics, Trucost and CorporateRegister.com. The rankings were published in the September 28 edition of the magazine.

“The evaluation was based on specific criteria such as greenhouse gas emissions, water usage and ‘green’ programs,” stated Don Stanley, Goodyear’s vice president of product quality and plant technology. “We pride ourselves on the progress we’ve made over the years on these and other fronts. However, we also recognize the fact that environmental stewardship requires continuous improvement across a broad spectrum of opportunities, and at Goodyear we are committed to getting better each and every day.”

5th October 2009/by Tyrepress Editors

Goodyear Appoints Fish as Senior VP of Global Operations

Goodyear has announced the appointment of John “Jack” D. Fish as senior vice president of global operations. Fish replaces Christopher W. Clark, senior vice president of global sourcing, who in June announced his intention to retire after 36 years with Goodyear. Fish will be responsible for overseeing manufacturing and related supply chain activities throughout all of the corporation’s global business units. He will begin work at Goodyear on 5 October, 2009.

30th September 2009/by Tyrepress Editors

Goodyear to Invest $600 million in US Union Plants Over 4 Years

Goodyear Tire & Rubber Company has announced that its four-year labour contract with the United Steelworkers union (ratified on 18 September) could save the company as much as $555 million in savings before a potential profit sharing impact. The company also committed to investing $600 million in its USW facilities over the next four years. The seven plants covered by the master agreement are in: Akron, Ohio; Buffalo, New York; Danville, Va.; Fayetteville, N.C.; Gadsden, Alabama; Topeka, Kansas; and Union City, Tennessee.

According to a Goodyear statement, these changes are expected to provide Goodyear with cost savings of approximately $215 million over the term of the contract. Combined with savings realized through “pre-bargain agreements to reduce staffing levels at five plants,” the company expects to realize $555 million in total savings over the term of the agreements. However, financial analysts at Deutsche Bank estimated that the agreement will result in $155 million of gross annual savings by 2013. Their response was to raise their share price estimates for 2010 and 2011 to $1.85 and $2.45 from $1.70 and $2.20 respectively.

30th September 2009/by Tyrepress Editors