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CTNA Sells, Leases Back Headquarters Site

The sprawling Continental Tire North America headquarters site in Charlotte, North Carolina will soon be re-born as a business complex following its sale to a developer. Philadelphia based Patriot Equities, a company specialising in the purchasing and leasing back of corporate buildings, has agreed to acquire the tyre manufacturer’s offices and former factory for US$29.4 million.

CTNA has taken out a ten-year lease on a portion of the site, and will continue its tenancy there in a reduced capacity. Of the 1.7 million square feet of commercial space contained in the site, the company will now lease and occupy 600,000 square feet.

During the month of January 2008 CTNA made the significant disclosure that its North American operations, in the red for several years, seem likely to have broken even in 2007. It is not clear if, or to what extent, the proceeds from the headquarters sale have contributed towards this return to the black.

5th February 2008/by Tyrepress Editors

Paul James Tyres Now Accepting Used Tyres for Processing

Independent casing collection and processing company Paul James Tyres reports it is the only active licensed tyre processor in the county. From a busy headquarters in Islip, near Kettering, the company offers an expert in-house grading facility that caters to clients based in a designated area down the A1/M1 motorways to north London, and reports positive feedback from a growing client base regarding its environmentally friendly tyre disposal options.

Paul James Tyres primarily concentrates on car tyres and is able to offer a unique virtual wire-free (99 per cent) shredding process courtesy of a series of state-of-the-art machines. The wire-free rubber crumb is then sold to a number of industries, including the equestrian market. In addition to this service, the company has recently announced a new, additional service – tyre businesses, including small operators with their own transport, are being welcomed to deliver their used tyres for processing. “Our established collection service will continue as usual but now we can also accommodate deliveries of used tyres at the same time,” commented managing director Paul James. “A weighbridge has recently been installed to cater for the new service.”

1st February 2008/by Tyrepress Editors

Former PTNA Boss Mannino Announces New Venture

The former president and CEO of Pirelli Tire North America, Gaetano “Guy” Mannino, is drawing upon his years of sales, marketing and manufacturing experience with the Italian tyremaker in his latest business venture. Mannino, whose quarter-century tenure at Pirelli ended in October 2007, has announced the formation of Verdek, a consulting and trading company with corporate headquarters in Rome and offices in Connecticut and Tuscany.

21st January 2008/by Tyrepress Editors

Conti Breaks Ground on Asia Headquarters & Engineering Centre

On January 16 Continental AG held an official groundbreaking ceremony for its new Continental Asia Headquarters and dedicated Engineering Center in China. The new facility was first announced in July 2007 and Continental reports that a total of 60 million euros will be invested into the project, located in the Yangpu District of Shanghai. When complete the facility will encompass a total floor space of approximately 14,000 square metres, including a 14-floor office building. From May 2009 onwards nearly 900 Continental Group employees from the company’s Tire, Automotive and ContiTech divisions will be housed in the new premises. The site will also house one of Conti’s two key Engineering Center operations, supporting the design and testing of certain electronic products. Another facility with large-scale equipment for bench testing will be located in Shanghai’s Jiading District.

17th January 2008/by Tyrepress Editors

Michelin Secures Contract with Travel West Midlands

Michelin has signed what it calls a ‘significant new agreement’ with the National Express Group, under which it retains existing tyre contracts with Travel Dundee, Travel London and AirLinks, whilst adding Travel West Midlands to its portfolio. Travel West Midlands operates 80 per cent of all commercial services in the region, and the move to a Michelin managed contract will see an additional 1,800 buses operating on Michelin rubber, covering in total the equivalent mileage of 65 trips around the world each week.

17th January 2008/by Tyrepress Editors

Apollo Appoints Satish Agarwal as Chief of Manufacturing

Apollo Tyres Ltd has named Satish Agarwal as chief of manufacturing. Mr Agarwal joined the company in November 2000 as Unit Head for Apollo Tyres’ flagship manufacturing facility in Limda, Gujarat. According to the company, he has “transformed” this facility into India’s largest tyre manufacturing plant, during the past seven years. As a result, Apollo representatives describe the plant as having “one of the best manufacturing efficiencies in the industry.” In his new role Mr Satish Agarwal, will be based at the company’s headquarters in Gurgaon, outside New Delhi city. He will be responsible for all manufacturing operations and functions, including Quality, Corporate Engineering and Cost Optimisation, across plants in India, South Africa, Zimbabwe and other future facilities. He will be reporting directly to Mr Neeraj Kanwar, Joint MD and COO, Apollo Tyres Ltd.

11th January 2008/by Tyrepress Editors

EnovaPremier Buys T&WA

Goodyear has announced that Louisville-based wheel mounting business, T&WA Inc., has sold all of its assets to newly formed EnovaPremier LLC. No details relating to the price of the sale have been released. Louisville-based T&WA provides mounted and balanced wheel assemblies destined for auto manufacturers including Honda Motor Co., Mercedes-Benz and Toyota Motor Corp. EnovaPremier is a Cincinnati-based company run by Ed Rigaud, a former executive at Procter & Gamble Co. It plans to maintain T&WA’s Louisville headquarters. Formned in 1995, T&WA also has operations in Paris, Kentucky., as well as in Alabama, Indiana and Michigan. Goodyear Tire & Rubber Co. has held a minority stake in T&WA since 1999 and will record a $30 – $35 million charge in its fourth quarter as a result of the sale.

3rd January 2008/by Tyrepress Editors

Michelin Gains First Corvette OE

Michelin has won its first-ever Corvette original equipment fitment for the 2009 Corvette ZR1. The ZR1, which General Motors describes as the highest-performing production supercar in the company’s history, will be fitted with Michelin Pilot Sport PS2 ZP zero-pressure tyres, designed specifically for it.

“The Corvette ZR1 is a historical breakthrough OE fitment for Michelin,” said Tom Chubb, vice-president, Marketing for Michelin Automotive Industry Division. “When given the opportunity from GM, we knew we had to bring our best technology to the table and set a benchmark in the industry for performance. I am happy to say we achieved that goal by delivering the highest level of combined technologies and safety elements – without compromising road manners or performance.”

21st December 2007/by Tyrepress Editors

TIA Adds to Training Staff

(Tire Review/Akron) TIA has hired Sean MacKinnon as its director of automotive training development. In this new position, MacKinnon will be the primary resource for tyre dealers seeking TPMS service information, and he will also work on developing updates to TIA’s Automotive Tire Service Training and Certification Program.

MacKinnon has been in the retail tyre industry for more than a decade and has worked in tyre stores as a technician, supervisor and manager. He will be based at TIA’s Bowie, Maryland, headquarters.

10th December 2007/by Tyrepress Editors

Goodyear to Remain in Akron

The decision that many in Goodyear’s hometown of Akron, Ohio have awaited for months was finally made public on December 5 – the US tyre major will continue its long-standing relationship with the city. At a press conference held at Goodyear’s World Technical Center, adjacent to the proposed future site of its new headquarters building, Goodyear chairman and CEO Bob Keegan made the announcement in the presence of state, city and county representatives, along with representatives from Industrial Realty Group (IRG), the developer selected to build the company’s new world headquarters.

6th December 2007/by Tyrepress Editors

Conti Purchase of Siemens VDO Officially Concluded

The Continental Corporation concluded its purchase of Siemens VDO Automotive AG on December 3, four days after the EU Commission issued its unconditional approval. The company remitted 11.4 billion, euros, including tax benefits of around 1 billion euros, to Siemens AG as payment for the purchase, and Conti reports that it intends to commence the Siemens VDO unit’s integration into the corporation immediately.

“With conclusion of the transaction, we have, in principle, taken the final step in our comprehensive preparation and are delighted that we can now welcome the employees at Siemens VDO as colleagues,” said Continental’s Executive Board chairman Manfred Wennemer. On December 5, the official first day of what Conti has dubbed the “new Continental”, Mr. Wennemer will welcome the employees at an internal event to be held at the former headquarters of Siemens VDO in Regensburg, Germany.

4th December 2007/by Tyrepress Editors

Hankook Staff Farewell Transaid Charity Cyclist

Staff from Hankook Tyre UK’s premises in Daventry were on hand to give charity cyclist Gary Williams a big send off as he heads to Kenya for a 400km charity cycle ride. Williams is making the trip to raise money for Transaid – a charity committed to making transport systems more affordable, available and efficient in developing countries, and the 55 year old joins a number of cyclists from the UK for the journey, including Radio 2’s Sally ‘traffic’ Boazman. The charity ride gets underway in Nairobi on Saturday November 10 before heading through Rift Valley to Kisumu in an event set to raise thousands of pounds for the charity.

2nd November 2007/by Tyrepress Editors

Q Tires Relocating R&D to South Carolina

(Akron/Tire Review) Q Tires, which plans to produce tyres with retractable studs, has moved its research operations from Akron to its headquarters in Greenville, South Carolina. The move was possible due to a US$20,000 grant from the Advance SC fund sponsored by Duke Energy. The company plans to begin relocating equipment and individuals in late 2007.

24th October 2007/by Tyrepress Editors

New Plant Manager for Goodyear in Fayetteville

Goodyear has appointed a new plant manager at its Fayetteville, North Carolina. Timothy Frosell began in his job in early October and takes control at a time when major investment plans for modernising that facility are underway.

Since joining Goodyear in 1984 Frosell has worked at a number of the company’s US sites, and has previously served as plant manager Kingman, Arizona, Buffalo, New York and Social Circle, Georgia. Frosell replaces Gary Cushman, who is taking on the position of strategic manufacturing engineering manager at Goodyear’s headquarters in Akron, Ohio.

16th October 2007/by Tyrepress Editors

Wolfgang Meier to Leave Pirelli UK

Pirelli’s factory in Carlisle will bid farewell to its head of operations at the end of this year. UK industrial director Wolfgang Meier has accepted a senior position at Pirelli headquarters in Milan, and will end his five-year tenure with the company’s UK operations in December. He will be replaced by the current UK traditional manager Vittorio Carducci-Agostini, who will take over in January.

Meier’s career in the UK began in 2003 following his appointment to the role of human resources director. He served in this capacity until the start of 2006, when he stepped into his current position following the retirement of John Nixon.

15th October 2007/by Tyrepress Editors