Goodyear Archives - Page 232 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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Slight Rise In Turnover For Goodyear In Third Quarter

Goodyear Tire & Rubber has announced worldwide sales in the 3rd quarter of $3.7 bn (Q3 2000 = $3.6 bn). Net income for the same period was $9.3 million, compared to $17 m for Q3 last year. For the first nine months of the year, the company posted a net loss of $29.6 m, compared to net income of $142.3 m for the equivalent period in 2000. Sam Gibara spoke of “a general economic slowdown” and “tough market conditions in many regions.” However, one plus point for the company was a market share gain of 3 per cent in the US replacement tyre market.

30th November 2001/by Tyrepress Editors

“BioTred” To Replace Soot And Silica

According to the US tyre manufacturer Goodyear, they have developed a filling material for car tyres on the basis of renewable raw materials. Thanks to this new rubber mixture, as reported by the press officer Mr Fischer, tyre production will be less harmful to the environment and, compared to the normal silica tyre tread mixture, it offers a lower rolling resistance. Above all, it should be fuel saving. This new technology, which will be used for the first time in the summer tyre GT 3, will offer additional advantages for safety and handling. Presenting the BioTred for the first time to the German press at the end of January in Frankfurt, the company attracted a lot of interest. BioTred is an artificial name, with a deliberate spelling difference to “tread”, in order to highlight its ecological advantage immediately to the consumer. BioTred is a patented tread mixture containing an element from corn starch. However, in parts this element will replace the substances soot and silica which have been used for processing up to now. According to Dr. Annette Lechtenböhmer, who is a chemical engineer at the Goodyear Technical Centre in Luxembourg and also a university teacher at the Hanover University Institute for Process Engineering, this new filling material will reduce CO2 emissions in different ways. On questioning it was confirmed that the starch suitable for producing the filling material could also be generated from potatoes. Since Goodyear has spent five years developing this material and holds a couple of patents, a lead over the competition should be possible.

30th November 2001/by Tyrepress Editors

New European Director Of Advertising For Goodyear

Eric Bequin, Manager of Advertising at Goodyear Luxembourg, will become the new Director of Advertising, Europe, from the 1st of May. He succeeds Rainer Keinath, who is leaving the company voluntarily.

30th November 2001/by Tyrepress Editors

Non-Rubber Tyres From Goodyear In Three Years?

A partnership has been formed in the US between Goodyear and Nevada-based Amerityre to manufacture polyurethane tyres, which Goodyear says could be on the market in three to four years. Amerityre already produces urethane tyres for bicycles, lawn and garden equipment and has produced four sets of prototypes, which it has fitted to pick-ups and other vehicles. CEO Richard Steinke says that the tyres have been driven for 2,000 miles with 30 holes in each tyre. Rick Vannan, Goodyear director of advance product and process technology, says that any product will require two years of internal testing and, if urethane replaced rubber completely, 10-15 years to convert factories.

30th November 2001/by Tyrepress Editors

New Management Team At Pneumant

Gerd Stubenvoll (39), who has worked for Dunlop for ten years in different positions in the mid-European sales companies, has been named as managing director of Pneumant, with special responsibility for sales. Jeffrey Smith (53) has been appointed production director in Fürstenwalde. His predecessor, Alexander Bleider (42) is now responsible for production at the Luxembourg plant. Dr. Rainer Schieben (38), MD of Pneumant until last autumn, has, for some months, been responsible for sales as sales and marketing director for associated brands at Goodyear’s European HQ in Brussels.

30th November 2001/by Tyrepress Editors

New Production Director For Goodyear

Goodyear’s Wolverhampton plant gets a new production director. Hugh Thompson brings 30 years’ experience in the rubber and plastics industry to the operation. Thompson was the vice president of manufacturing for Dunlop Tyres in North America. He replaces Serge Lussier, who has moved to Brussels to take up the post of director of manufacturing, Eastern Europe, Africa and the Middle East.

30th November 2001/by Tyrepress Editors

3Q Earnings Revision For Goodyear

Goodyear has revised its earnings outlook for the third quarter of 2001, downwards, Net income per share is be similar to the second quarter’s 5 cents per diluted share. This compares to 11 cents per share for the third quarter 2000. Goodyear says that an already slowing demand had weakened further in the aftermath of the terrorist attacks on the USA.

30th November 2001/by Tyrepress Editors

Global E-Commerce Director For Goodyear

Goodyear has appointed Nathaniel E. Leonard as global director of e-commerce. His previous post was as president of Weldersmall.com. In his new position, Leonard will lead Goodyear’s efforts to develop and implement e-commerce strategies, both global and individually-tailored for Goodyear’s strategic business units.

30th November 2001/by Tyrepress Editors

RubberNetwork Moves Forward

RubberNetwork.com, the electronic global purchasing marketplace set up by six tyre manufacturers, has taken a step forward. Transactions are due to begin in April and Bob Webster has been appointed as vice president of operations. A chief executive officer will be appointed at a later date. The organisation has also launched its own website.

30th November 2001/by Tyrepress Editors

Quarterly Dividend From Goodyear

Directors of The Goodyear Tire & Rubber Company have declared a quarterly dividend of 30 cents a share. The dividend is payable September 17, to shareholders of record August 17. The payout represents an annual rate of $1.20 per share.

30th November 2001/by Tyrepress Editors

More Jobs To Go At Goodyear?

Union officials at Goodyear’s Wolverhampton truck tyre plant are seeking discussions with management over rumoured plans to cut a further 450 jobs. Transport and General Workers’ Union representative, Peter Booth said that they wished to impress upon Goodyear, the world-class quality of the workforce.

30th November 2001/by Tyrepress Editors

New Tyre From Debica: Passio

Their latest product, the summer tyre Passio with a T-speed rating was presented to the European press and public at the end of January. This tyre is intended to succeed the Debica Vivo. For Zdzislaw Chabowski there is no doubt that in future his factory in Debica will be very important within Goodyear’s integrated production system all over the world. This article presents the new product, the company and the management. The product is a summer tyre, a so called bread and butter tyre, with speed index T, being developed in Goodyear’s research and development centre (GTCL) in Luxemburg. Afterwards it will be comprehensively tested on gravel roads, motorways and also on the race track in Vallelunga, Italy. According to the manufacturer, comfort and driving conditions on both wet and dry roads have been improved. Noise levels have been reduced, and compared to its predecessor, Passio should be able to reduce the braking distance on both dry and wet surfaces. Passio is a tyre for both the original equipment and the replacement market which soon will be available in nearly every European country. Debica Tyres was founded in 1939 and transformed into a public limited company in 1991, whose shares have been traded at the Warsaw stock exchange. The Polish government found a strategic investor in Goodyear at the end of 1995, who, in two steps, has increased its financial interest in the company and has become the majority shareholder meanwhile.

30th November 2001/by Tyrepress Editors

Mexican Plant To Be Closed By Goodyear

Goodyear has announced that it is to close its tyre manufacturing factory at Tultitlan, Mexico. 1,559 employees will be paid off. The plant was opened in 1941 and Goodyear said that the reason for closure was that the plant’s “high costs are incompatible with current economic conditions.”

30th November 2001/by Tyrepress Editors

More Production Cuts From Goodyear

In the US, Goodyear says that it will reduce tyre production this month and next, due to weak demand for new cars and trucks. Cuts will be made across the board with no layoffs or shutdowns planned. The reduction follows a second quarter cut in production of six million tyres, despite increased demand as a result of the Firestone recall. Shares in Goodyear fell 20 cents at the news.

30th November 2001/by Tyrepress Editors

VW Microbus On Goodyear Tyres

The New Beetle aroused great enthusiasm in the United States when introduced and now VW wants to repeat the success story with a concept car called “Microbus”. At the Detroit Motor Show the reincarnation of the “love bus” from the 50s and 60s, the symbol for the flower power generation, is fitted with modern 20 inch aluminium wheels and Goodyear tyres size P 245/45 R 20.

30th November 2001/by Tyrepress Editors