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Yokohama: Hose Division Inspected by Fair Trade Commission

Yokohama Rubber Co., Ltd., has published a statement confirming it was subjected to on-site inspections of the Japan Fair Trade Commission at its head office and its Hiratsuka factory in connection with marine hose transactions.

“The company, including its group companies, has been carrying out the compliance with laws and ordinances without exception. The company faces gravely the fact that it was subjected to the on-site inspections of the Japan Fair Trade Commission and will fully cooperate with the authorities on the investigations,” the statement read

The company refrained from commenting on the details, explaining that this is because the investigation is still ongoing.

11th May 2007/by Tyrepress Editors

EU To Finalise Bandag Bridgestone Deal Checks

Reports from a number of media sources indicate the European Commission has set a date near the end of May as the deadline for completing its investigation into the imminent US$1.05 billion sale of Bandag to Bridgestone Americas Holdings. The deal itself is expected to close by the end of June.

Bandag’s significant business ties in Europe prompted the EU Commission to become involved. Observers believe that, as the deal has already been approved by US authorities, there is little likelihood of any new issues from the EU sidelining the deal.

25th April 2007/by Tyrepress Editors

Michelin to Investigate Rossi’s MotoGP Tyre

Michelin has taken the rear tyre from MotoGP rider Valentino Rossi’s Yamaha back to Clermont Ferrand for a thorough investigation into its sudden failure during the Turkish Grand Prix on April 22.

Rossi experienced difficulties throughout the race and later complained of tyre problems. “I immediately started to have problems with the rear tyre,” he stated after finishing tenth. “It did get up to temperature, but then I started sliding all over: something went wrong on the right side of the tyre and it gave us a lot of problems.” It is believed the tyre began to vibrate violently on lap 14 of the race.

Pierre Alves, Michelin’s technician in the Yamaha garage, believes the problems to be the result of how the tyre has been made and not a matter of rubber degradation. “It seems that it is inside the tyre rather than what happened in Laguna [July 2006], when it was starting to blister,” he explained.

A source from within Michelin has commented that Rossi’s recent tyre problems may have been caused by a manufacturing problem rather than anything inherently wrong with the tyre’s design.

24th April 2007/by Tyrepress Editors

EU Sets Deadline for Bandag/Bridgestone Inquiry

(Akron/Tire Review) Forex Global News has reported that the European Commission has set May 29 as the deadline to complete its investigation into the proposed sale of Bandag Inc. to Bridgestone Americas Holding. The $1.05 billion deal is expected to close by the end of the quarter.

Bandag has considerable business in Europe, prompting the EU Commission’s involvement. The deal has already been approved by U.S. authorities.

19th April 2007/by Tyrepress Editors

Man Loses Arm in Recycling Plant Accident

A worker at the Anaxiom tyre recycling facility in Scotland has lost him arm following a conveyor belt accident. Alan Gallagher, 27, had been attempting to remove pieces of rubber from the conveyor belt early on April 5 when his arm became jammed between the belt and a roller, causing the arm to be severed.

Ambulance crews took Mr. Gallagher and the severed arm first to Hairmyes Hosptial and then to Glasgow Royal Infirmary, but they were not able to reattach the limb. Mr Gallagher was discharged from hospital on April 10.

The Health and Safety Executive launched an investigation into the accident on April 5, instructing Anaxiom not to use the conveyor belt until their examination was completed. Anaxiom, upon the advice of police and the Health and Safety Executive, have declined from commenting on the incident at present.

12th April 2007/by Tyrepress Editors

Michelin Found Not Responsible for Worker’s Death

An investigation has ruled that neither Michelin nor the company that hired an independent contractor killed at the tyremaker’s Norwood factory in the US are to blame for his death. Neither the national Occupational Safety and Health Administration and the North Carolina Department of Labor found any evidence of neglect or foul play to have occurred during last October’s incident.

5th March 2007/by Tyrepress Editors

Tyres ‘Too Wide’ on US Market Monaro

In the US the Center for Auto Safety (CAS) has called on the nation’s governmental motoring safety body, the NHTSA, to open an investigation into tyre failures and front suspension problems that have occurred on the 2004-2006 Pontiac GTO. The agency has received 65 complaints involving tyres on the 2004-2005 GTO, involving 8 blowouts and one crash. Many of these complaints cite tyre wear caused by contact with struts as the source of the failures. The problem seems to occur early in the lifespan of the vehicle, as a number of complaints cite mileages of less than 10,000 at the time of the failure.

28th February 2007/by Tyrepress Editors

Goodyear Plant Worker Dies in Accident

(Akron/Tire Review – Jackson Sun) A worker at Goodyear Tire & Rubber Co.’s Union City, Tennessee, plant died Sunday evening from injuries sustained in an industrial accident at the plant.

In a statement issued by Goodyear, Todd Turner, manager of the plant, said that it was too early to speculate about the cause of the accident, but a full investigation is under way.

“Our thoughts and concerns are with the associate’s family at this very difficult time,” Turner said. “As a plant team, we are deeply saddened.”

8th February 2007/by Tyrepress Editors

Tronchetti Provera Denies Involvement in Espionage

Marco Tronchetti Provera, Pirelli chairman and former chairman of Telcom Italia, has issued a strongly worded statement published by Italian Daily La Stampa on 21 January stating that he had never acted illegally in his professional career, nor ordered anyone else to do so.

26th January 2007/by Tyrepress Editors

Gajah Tunggal Makes Middle East Contingency Plans

Gajah Tunggal is said to be making contingency plans to switch its Middle East export activity away from Egypt to other Middle East countries. This will be carried out if the accusation by the Egyptian government that this Indonesian tyre producer is guilty of dumping is proved.

19th October 2006/by Tyrepress Editors

Italian Justice Minister to Investigate Alleged Spy Plot

(Akron/Tire Review) Italy’s Justice Minister Clemente Mastella has ordered an internal investigation to determine whether ministry officials were involved in an alleged plot to spy on civilians, according to ANSA news agency. Police have reportedly arrested 21 people, including two senior executives from Telecom Italy and parent company Pirelli SpA. The parties have been accused of illegal phone tapping and accessing secret bank, tax, phone and judicial records.

26th September 2006/by Tyrepress Editors

EU Commission Extends Thule/Pewag Investigation Period

The EU Commission has decided to extend its investigation into Thule’s, a world leader in Sports Utility Transportation, acquisition of Pewag Schneeketten GmbH which was made public on 31 March this year. “The European Commission needs more time to investigate into the consequences for customers and consumers in markets such as Italy, Austria and France”, comments Anders Pettersson, CEO and President of Thule AB. “The complexity of the market conditions makes this further investigation necessary and we support this step. We estimate that the final decision will be made in approximately four months”, concludes Anders Pettersson.

17th August 2006/by Tyrepress Editors

‘Arson’ at Phillip White Tyres Causes £500,000 Damage

Two simultaneous fires at Phillip White Tyre depots in Dungannon, County Tyrone, Northern Ireland have caused half a million pounds of damage, according to proprietor Phillip White. As a result up to 10 staff may loose their jobs. Phillip White Tyres premises have been targeted three times before, twice in Armagh and once in another location. Phillip White said he was “devastated” about the latest incidents, but hopes to have businesses running as normal as possible in the coming weeks.

17th August 2006/by Tyrepress Editors

NHTSA Looking Into Cooper Line

(Akron/Tire Review) NHTSA has launched a “preliminary evaluation” into a certain size of Cooper Tire & Rubber Co.’s Dominator Sport A/T tyre line produced between 2003 and 2005. According to NHTSA, the agency has received a number of consumer complaints about problems with the tyre in question.

28th July 2006/by Tyrepress Editors

Auto Express Tests Show Benefits of 3mm Tread Depth

Thousands of road accidents in the UK could be prevented every year if the minimum tyre tread depth was increased to 3mm, according to the findings of an Auto Express investigation. In the first magazine test of its kind, Auto Express compared the stopping distances of a car travelling at 70 mph with both 3mm and 1.6mm of tread depth.

12th July 2006/by Tyrepress Editors