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Conti Delays Pay to Meet Loan Terms

Continental AG has reportedly opted to put payroll payments on hold for “a few days” in June to so it can honour its loan commitments. According to a report published by Bloomberg, all of Continental’s 45,000 workers in Germany as well as some in France and the US will be affected. Bloomberg quoted Continental’s headquarters as saying that Employees will receive their wages by July 3 at the latest. However, Continental Tyre Group representatives confirmed the news won’t affect UK employees.

22nd June 2009/by Tyrepress Editors

Continental, Schaeffler to Avoid State Assistance?

According to Reuters and other German media outlets, sources with “direct knowledge of the matter” report that Continental and owner Schaeffler intend to avoid any requests for government financial aid. The finance minister of Germany’s Lower Saxony region, where Continental has its headquarters, said the state has not been received any requests for aid. “We have not even been approached with a preliminary enquiry,” said finance minister Hartmut Möllring. Neither Continental nor Schaeffler have commented about their intentions.

10th June 2009/by Tyrepress Editors

Michelin Adds to OTR Seminars

Michelin North America has added several components to its mining tyre “best practices” seminar. The seminars are held near the company’s headquarters in Greenville, South Carolina, and was developed to “equip attendees with a better understanding of how to implement practices to lower operating costs, improve productivity and extend tyre life,” MNA said.

“In addition to helping mine operators get the maximum life out of their tyres, we’re helping them become even better business people by sharing practices we have gathered from other mining companies,” said Terry Beach, director of earthmover training. “Our facility visits also give attendees a first-hand look at how our tyres are made and how they perform in different situations.”

Along with tyre and wheel maintenance best practices, the three-day session includes management topics like market intelligence and supply chain; operational factors such as speed, haul road design, road maintenance and load management; and vehicle issues like strut maintenance, alignment and bed modifications. Attendees also visit Michelin’s OTR tyre manufacturing facility in Lexington, South Carolina, and its tyre testing facility in Laurens, South Carolina. (Tire Review/Akron)

5th June 2009/by Tyrepress Editors

800,000km on a Single Set of Tyres

A driver for the Denmark based fish supplier Nielsens Fiskeeksport has racked up an astonishing 801,090 kilometres on the set of Bridgestone M729 tyres fitted to his Volvo FH12. Driver Poul Jensen achieved this whilst driving between the company’s northern Jutland headquarters and various European destinations, primarily Poland and Germany. The kilometres obtained from the M729 is, comments Bridgestone, an “impressive performance from one set of drive tyres”.

4th June 2009/by Tyrepress Editors

CTNA Opens New Headquarters

Construction work has been completed on Continental Tire North America’s new headquarters, and the firm is thus transferring its base of operations Charlotte, North Carolina to South Carolina’s Lancaster County. The US$11 million facility covers a 75,000 square foot area and houses some 375 employees.

“Continental Tire has built a solid reputation by providing outstanding products throughout our 138-year history, and this move to South Carolina is just the next step in our ongoing effort to contribute to the North and South American markets,” says Matthias Schoenberg, CEO of Continental Tire North America.

4th June 2009/by Tyrepress Editors

Property Sales a “First Step” Towards New Goodyear HQ

A number of properties belonging to Goodyear Tire & Rubber in its hometown of Akron Ohio have been sold to Industrial Realty Group (IRG). These sales, comments Goodyear, represent a first step toward finalising plans for developing a new headquarters in Akron. The tyre major has signed a multi-year lease agreement with IRG and, as part of this agreement, will remain in its existing buildings until its new headquarters located adjacent to the company’s Akron Technical Center is completed.

1st June 2009/by Tyrepress Editors

Goodyear Headquarters Moving Forward

Moving forward on plans for its new world headquarters, Goodyear has sold some of its Akron properties to Industrial Realty Group (IRG).

In turn, Goodyear signed a multi-year lease agreement with IRG and, as part of that agreement, will remain in its existing buildings until its new headquarters located adjacent to the company’s Akron Technical Center is completed. In connection with the sales, Goodyear will record a non-cash, after-tax charge of between $40 million and $45 million in the second quarter of 2009. (Tire Review/Akron)

1st June 2009/by Tyrepress Editors

MRF Strikers Plan New Protest Strategies

Striking workers at tyre MRF’s Arakonam and Puducherry plants in India are considering surrendering their important ration and voter identify cards in protest against a wage agreement signed with a rival labour union. The worker’s sit-in strike began on May 9 and led to a lockout being declared at the Arakonam site on May 17. Production at both locations has come to a complete halt as a result of the industrial action.

20th May 2009/by Tyrepress Editors

Corghi Opens New US HQ

After years of offering its products through distributors, Italian tyre equipment maker Corghi has opened Corghi U.S.A., with offices in Hamilton, Ohio. Corghi said that, “historically, the North American market has always been one of Corghi’s most important business areas,” and that over the past 20 years the brand “has developed its presence and has become a point of reference for the tire changer industry. “Recognising the strategic importance of the American market, Corghi has decided to enter it directly in order to offer to its customers the complete wheel service equipment product range, and to ensure the highest level of service to tire professionals,” the company said.

The new 12,000-square-foot headquarters includes offices, training rooms and a warehouse. The copany also lauched a new Web site – www.corghiusa.us – and a help desk for service with free phone number will be activated as of May 16.

18th May 2009/by Tyrepress Editors

Financing Deal on New Goodyear HQ Agreed

On Monday Akron and Summit County authorities in Ohio signed off on a new financing deal for the Goodyear Riverwalk project. The financing is a major step towards an estimated $900 million project that includes a new global headquarters for Goodyear Tire & Rubber Co., retail and office space and a hotel in East Akron. National City Bank has agreed to buy $17.2 million worth of bonds issued by the Summit County Port Authority and backed by the county and city, thus kick-starting the plans. The project was unveiled in late 2007, and was a major factor in keeping Goodyear and its 2,900 jobs in Akron.

12th May 2009/by Tyrepress Editors

Classic Tyre Company Uses 21st Century Methods

Another member of the elite classic tyre fraternity is North Hants Tyres, which was founded in 1948 when company founder John Pettifor senior realised that there was a market for tyres and second hand spare items that were hard to obtain in the post-war Britain.

7th May 2009/by Tyrepress Editors

Marangoni Project Recreates Lunar Vehicle

Forty years have now passed since the moment when Neil Armstrong’s boots pressed the first ever footprints on the surface of the moon. Several years later the lunar surface encountered the roll of a specially manufactured moon tyre when the Lunar Roving Vehicle (LRV) became the first vehicle to literally offer out of this world performance. Those with a hankering to get better acquainted with the LRV can now do so thanks to Marangoni, who has produced a replica of this groundbreaking vehicle.

5th May 2009/by Tyrepress Editors

Hankook Canada Has New Home

Hankook Tire Canada has a new home. The company moved into a new headquarters building and primary warehouse in January, shifting from its former home in Mississauga, Ontario, to a 120,000-square-foot facility in nearby Brampton, Ontario.

The new facility will continue to service tyre dealers in Ontario, using independent distributors to handle dealers in other parts of the country. (Tire Review/Akron)

23rd April 2009/by Tyrepress Editors

‘Michelin Man’ Ready to Advise Fleets on Tyre Issues

Have tyre related issues? Go ‘ask the Michelin Man’….Commercial vehicle operators with smaller fleets (up to 15 vehicles, to be precise) can now do just that following the launch of a new Michelin initiative on April 22. The service, named ‘Ask the Michelin Man’, encourages fleet owners, transport managers and owner-drivers to contact the manufacturer with any tyre related issues they may have.

“Smaller fleets have been telling us they would like greater access to technical assistance and advice on how to improve their tyre performance,” says Martin Covington, head of Truck and Earthmover Marketing at Michelin’s UK headquarters in Stoke-on-Trent. “Taking simple steps, such as fitting lower rolling resistance tyres, adjusting pressures or regrooving can have a significant impact on your bottom line, whether you run a single tractor unit and trailer or a fleet of 10 rigids. Through ‘Ask the Michelin Man’ we are making our tyre expertise more easily available to the smaller fleet market, by both helping with specific technical issues and teaching best practice.”

22nd April 2009/by Tyrepress Editors

New CEO/President at Kumho Tire

Kumho Tire has announced the appointment of Jong Ho Kim (J.H. Kim) as its new CEO and president. He will be based at the company’s headquarters in Seoul, South Korea. Mr. Kim has held numerous sales and marketing positions since joining Kumho in 1976 including nine years in the USA, initially as general manager, then managing director and finally as the vice president of sales for the company’s American operations. He then assumed the role of executive vice president of sales and marketing for the parent company back in Korea.

20th April 2009/by Tyrepress Editors