Goodyear Archives - Page 163 of 243 - 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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WTA Appoints Two Former Goodyear Men

World Trade Association (WTA) has hired Peter Ahumada, formerly of Goodyear Tire & Rubber and Wingfoot Commercial, as VP in charge of their OTR tyre operations. Peter Ahumada has spent the last 37 years in OTR tyre sales, service, and training for Goodyear Tire & Rubber. He was responsible for tyre sales and service as Regional Manager in the Caribbean and both Central/South America for 18 years. In addition, he was also Area Manager in Southeast Asia, covering 22 countries, for OTR tyres from 1982 through 1985. Peter, will be located in WTA’s headquarters in Coral Springs, Florida.

Gilbert Ray, formerly Senior Field Engineer with Goodyear, Southeast Region, has joined WTA to better service their customers. Gilbert will be available to visit sites to determine proper product applications for WTA’s Xtreme Products. He will evaluate operating conditions, equipment visual inspections, air pressure checks, road conditions, speeds, loads, and do an in-depth tyre failure analysis. The tyre analysis will determine if WTA should do an in depth TMPH study and a tyre temperature study.

15th May 2007/by Tyrepress Editors

Goodyear’s Marathon Now Better Equipped to Go the Distance

Goodyear is set to release a longer-lasting and more durable version of its ultra-low profile trailer tyre, the Goodyear Marathon 455/40R22.5 LHT (Long Haul Trailer). To differentiate this new and improved version from the existing Marathon a plus symbol has been added; the LHT+, as the new tyre is to be known, has the distinction of being the lowest diameter 22.5” trailer tyre on the market and, Goodyear claims that, amongst other performance improvements, the LHT+ offers 10 per cent more mileage than its predecessor.

With the Goodyear Marathon LHT+ 455/40R22.5 tyre featuring what its manufacturer states is the lowest aspect ratio – 40 per cent – offered on a trailer tyre, operators are able to maximise the size of the brakes fitted to units wearing the Marathon LHT+, making the tyre a suitable choice for maximum cube ‘Mega Trailers’.

14th May 2007/by Tyrepress Editors

Michelin and Goodyear Dunlop Chosen for Pan-Govt Supply Agreement

Michelin, with its service partner ATS Euromaster, has been appointed as one of two suppliers of tyres and associated services in a three-year framework agreement for a pan-government tyre sourcing initiative led by the NHS Purchasing and Supply Agency (NHS PASA), in conjunction with the Office of Government Commerce (OGC). The other supplier is understood to be Goodyear Dunlop who will service the agreement through its HiQ and Truck Force retail networks. According to sources close to the arrangement, the contract is divided equally between the two suppliers.

Available to all Public Sector Organisations (PSOs) across the UK – encompassing a combined vehicle parc of more than 300,000 vehicles, ranging from cars and motorbikes to vans, trucks and earthmovers – the deal represents the largest tyre framework agreement of its type ever established in the UK. It also includes the option of a 12 month extension until January 2011 and is estimated to be worth tens of millions of pounds.

The agreement has been set up to deliver significant efficiencies as a result of combined volumes, additional leverage and collaborative working between central government departments and wider public bodies nationwide.

14th May 2007/by Tyrepress Editors

Goodyear Offering Shares to Raise Capital

(Akron/Tire Review) Goodyear Tire & Rubber Co. announced plans to offer 22.5 shares of its common stock, a move that will reportedly raise an estimated $725 million. Goodyear said it expects the shares to be offered at $33.26 per share.

Goodyear is granting underwriters a 30-day option to purchase up to an additional 3.4 million shares to cover any over-allotments.

Goodyear said it will use the proceeds from the offering to repay some $315 million in debt.

10th May 2007/by Tyrepress Editors

Report: Goodyear Subpoenaed in Hose Price-Fixing Case

(Akron/Tire Review) The Toronto Star reported today that Goodyear Tire & Rubber Co. received a U.S. grand jury subpoena related to a global price-fixing investigation that has already brought the arrests of executives from Bridgestone, Trelleborg, Continental and Yokohama. The three-continent investigation concerns alleged price fixing and bid rigging in the marine hose industry.

Goodyear confirmed to the newspaper that it had received the subpoena on May 2 and is cooperating with U.S. Justice Department officials, but is not believed to be a target in the international investigation.

10th May 2007/by Tyrepress Editors

Goodyear To Launch UHP All Season Addition to Eagle Range

Goodyear has announced the imminent release of the newest addition to its Eagle tyre range. The latest offering, the UHP Eagle F1 all season tyre, will be launched this summer, with consumer availability likely from July.

The Eagle F1 All Season has been designed build on the advantages of a traditional UHP tyre by offering improved snow and rain traction, which it achieves through a combination of tread design and sidewall construction, in addition to choice of compound. The tyre’s inner and outer sidewalls are reinforced with carbon fibre, providing sidewall stiffness that serves to maximise the area of making contact with the road during hard cornering.

10th May 2007/by Tyrepress Editors

Dowey Appointed as Rapra Head

James L. Dowey has been appointed as vice president and managing director of Smithers Rapra Technology, the British subsidiary of Akron-based The Smithers Group. Mr. Dowey is currently director of tyre uniformity machinery at Kobelco Stewart Bolling Inc. based in Hudson, Ohio. He replaces Hugh Pace, formerly of Goodyear, who will become chairman and CEO of Pirelli Tire North America. “Jim will be an excellent addition to the company and will provide a seamless transition in managing our business and international growth opportunities,” said Michael Hochschwender, president and CEO of The Smithers Group, parent company.

Hugh D. Pace, the new chairman and CEO of Pirelli North America, has 30 years of experience at the highest levels of the tire industry, comes to Pirelli from Smithers Rapra Ltd, a British subsidiary of The Smithers Group, where he served as Vice President and Managing Director. Pace will assume his duties as Chairman and CEO of Pirelli North America effective 4 June 2007, replacing Kevin Riddett who is leaving Pirelli after 10 years with the Group to embark on new professional challenges. “Mr. Pace’s international experience is a major plus for our company’s growth strategies in North America”, said Francesco Gori, CEO of Pirelli Tyre Spa.

9th May 2007/by Tyrepress Editors

Goodyear Looking at New Danville Research Lab

(Akron/Tire Review) Goodyear and the Institute for Advanced Learning and Research (IALR) are considering creation of a “one-of-a-kind tyre performance research laboratory” near the tyremaker’s truck tyre plant in Danville, Va. Goodyear said the proposed lab “would facilitate high-speed testing for the study of tyre performance, tyre/suspension dynamics and tyre-pavement interaction.

Goodyear also said that the new facility would be open for use by non-tyre companies and groups.

If built, the lab would be Goodyear’s second facility in Danville. “We have a strong link to the Danville community through our manufacturing plant,” said William Hopkins, Goodyear vice president of technology and strategic initiatives. “We are excited about the possibility of performing world-class research in Danville, and strengthening our ties to the community through collaboration and educational advancement.”

8th May 2007/by Tyrepress Editors

New Marketing Campaign for Goodyear India

Goodyear India has launched a new marketing campaign centred upon the theme “Take the winning turn” as part of an overall marketing strategy aimed at strengthening its position within India’s consumer replacement market. This campaign kicks off with a new television commercial focusing upon Goodyear’s association with a new movie, Ta Ra Rum Pum, the story of a Nascar driver who fights the odds to become a champion. Goodyear was an obvious choice as a partner in the making of this movie, having been the sole provider of tyre equipment to Nascar since 1997. The company recently signed a deal with Nascar to extend its exclusive association until 2012.

The television commercial, which also emphasises the tyremaker’s 50-year association with Nascar championships, began to be screened in India during the last week of April. The advertisement showcases the “Eagle” range of tyres, which are fitted to Nascar vehicles and in the movie help the star, Saif Ali Khan, to become a champion driver. Products from the Eagle range are available in India both as replacement market tyres and as OE for some premium models, such as all Mercedes Benz cars sold in India.

8th May 2007/by Tyrepress Editors

WTA Hires Two From Goodyear

(Akron/Tire Review) Former Goodyear commercial tyre executive Peter Ahumada has been hired by World trade Association as its new vice president of OTR tyre operations.

In addition, WTA hired for Goodyear senior field engineer Gilbert Ray as its senior field engineer for OTR products.

Both will be based at WTA’s headquarters in Coral Springs, Florida.

8th May 2007/by Tyrepress Editors

Goodyear Dunlop Reshuffles Management For Strategic Customer Focus

Goodyear Dunlop Tyres Ltd has announced a number of new appointments designed to strengthen the company’s customer focused management team. Significantly, all but one of these appointments is as a result of internal promotions. The company has also formed a new Customer Strategy team. This team will be led by Mark Davison, who joins the company from Nestle on 8 May. Davison’s role as Customer Strategy Director will be to lead the development and delivery of long-term customer strategies across all business units. (Consumer, Truck, Motorcycle and Off-the-Road).

4th May 2007/by Tyrepress Editors

Goodyear Hires Supply Chain Chief

(Akron/Tire Review) Goodyear Tire & Rubber Co. has hired Kevin Olifiers as vice president of supply chain for its North American Tire unit. Olifiers previous was director of supply chain and logistics for SVP Worldwide, which produces Singer and Viking sewing machines.

2nd May 2007/by Tyrepress Editors

Goodyear Extends Maturities, Reduces Interest Rates

The Goodyear Tire & Rubber Company announced on April 20 that it has closed on an amendment and restatement of three of its credit facilities. Significant changes to the amended and restated agreements include:

– With respect to the company’s $1.5 billion asset-based revolving credit facility, an extension of its maturity until 2013, a reduction of the applicable interest rate by between 50 and 75 basis points (depending on availability of undrawn amounts) and a more flexible covenant package.

– With respect to the company’s $1.2 billion second lien term loan, an extension of its maturity until 2014, a reduction of the applicable interest rate by 100 basis points (to be further reduced by 25 basis points if Goodyear’s credit ratings are BB- and Ba3 or higher) and a more flexible covenant package.

26th April 2007/by Tyrepress Editors

Goodyear Belt Meets Metric Demand

To meet increasing demand for metric industrial replacement parts, Goodyear Engineered Products has introduced a line of metric power transmission v-belts that takes the static zap out of manufacturing operations.

Much of this increased output will go towards meeting the requirements of North America plants, more of which are today using overseas built industrial equipment requiring v-belts that adhere to metric standard unit measurements, according to Michael Lyons, Goodyear marketing manager for industrial power transmission products.

25th April 2007/by Tyrepress Editors

Volvo to Offer Goodyear Self-Repair Tyres

Volvo is set to become the first truck manufacturer in Europe to fit self-repairing tyres to its products after the company entered into a supply deal with Goodyear. The deal will see tyres using Goodyear’s Duraseal become an option on the Volvo range.

The innovative design feature behind Duraseal is an extra-soft layer of rubber – a sealing layer. This sealing layer is inserted between the tread and the belted layer, and in the event of a puncture, the elastic, jelly-like material immediately plugs and seals the hole and retains the tyre’s air pressure. The tyre can seal holes up to 6 mm in diameter. The repair is permanent and the truck does not need to be withdrawn from traffic. It can continue to be used until the next scheduled service, which is highly beneficial in terms of productivity. Furthermore, major repairs involving vulcanisation of the tread layer do not damage the sealing layer.

23rd April 2007/by Tyrepress Editors