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Sibur Tyre Production Down 28% in 2009

Production figures released on 27 January show that Sibur’s tyre production fell 28 per cent in 2009 (7602 tonnes, compared with 10,650 tonnes in 2008). The news is set against a 27.3 per cent increase in rubber sales and a three per cent increased in the large group’s petrochemical product output. As a group, Sibur reported consolidated receipts 152.5 billion rubles (£2.550 billion; 2.948 billion euros; $4.116 billion) for 2009, down 12 per cent compared with 173.5 billion rubles (£3.540 billion; 4.092 billion euros; $5.713 billion) in 2008.

28th January 2010/by Tyrepress Editors

Pirelli enters ECPI Sustainability Index

Pirelli & C. SpA reports that in December the company’s credentials as a socially responsible firm for investors were confirmed by its addition to the ECPI Ethical Index EMU, the ethical finance index produced by Italian investment bank E. Capital Partners (ECPI), a leader in the rating of socially responsible investments.

8th January 2010/by Tyrepress Editors

Execs to Go in Kumho Restructuring

As many as a fifth of Kumho Asiana Group executives may face the axe as part of a restructuring arrangement, the Wall Street Journal reported on January 5, The paper added that remaining management could also see their salaries shrink by 20 per cent under the terms of such a deal. The company has already indicated its intention to raise more than KRW 1.3 trillion (£695 million) through the restructuring of its assets, including the Kumho Tire and Kumho Industrial business units. Following the publication of this news the value of Kumho Tire shares plunged 15 per cent, the maximum decrease permitted in a single day.

5th January 2010/by Tyrepress Editors

Revised Toyo Figures Show Improved Profitability

Toyo Tire & Rubber has made a number of revisions to the consolidated performance forecasts for the first half of the fiscal year ending March 31, 2010 (April 1, 2009 to September 30, 2009) that it released on May 11, 2009. Predicted net sales have been bumped down 7.4 per cent, or 10.4 billion yen (£69.7 million) to 129.6 billion yen (£868.3 million). Despite this reduction in sales, however, operating loss is expected to decrease from 2.8 billion yen to 1.3 billion yen (£8.7 million). Ordinary loss will also diminish, from 4.1 billion yen to 1.3 billion yen. Net loss also decreases from 4.2 billion yen to 2.0 billion yen (£13.4 million).

29th October 2009/by Tyrepress Editors

Momentive Releases Room Temperature Cure Elastomers

Global silicone producer Momentive Performance Materials has announced the launch of a new range of elastomer products that can be cured through exposure to ultraviolet light. Unlike traditional silicone elastomers (HCR), which are typically vulcanised with a peroxide catalyst cured by heat exposure, this UV-sensitive, platinum catalysed curing system allows curing to take place at room temperature. This will, says Momentive, lead to energy savings and increased extrusion speed while maintaining the silicone elastomers’ physical properties.

15th October 2009/by Tyrepress Editors

Pirelli Working With Developer on Burton Retail Site Development

Pirelli is cooperating with a property developer on plans to build a housing estate on the site of its Burton factory’s former retail division. Developer St. Modwen Properties, who purchased a 21-acre plot from Pirelli in 2005 and a further nine acres in 2007, intends to construct around 200 houses on a 20-acre site.

14th October 2009/by Tyrepress Editors

Tyres & Accessories September 2009

September's magazine covers the truck tyre market and developments in the battery sector. Also, look out for the latest edition of our Retreading Special supplement, which was published alongside the magazine.

25th September 2009/by Tyrepress Editors

Protyre invests £700,000 in Portsmouth

Protyre has invested more than £700,000 in upgrading its Portsmouth branch – with the new look officially launched by TV motoring presenter Mike Brewer. Protyre area manager Darren Godwin said Protyre has more than doubled the size of the operation with 12 people now working at Portsmouth Protyre. Investment has been focused on increased service bays at the London Road facility with the very latest technology for motorbikes, cars and commercial vehicles up to 3.5 tonnes.

There’s also a larger tyre storage area, dedicated motorbike area and larger customer reception. The company, part of Micheldever Tyre Services, has been operating in the south for more than 50 years.

Mike Brewer is known for presenting Driven on Channel 4, Pulling Power and Wheeler Dealers.

24th September 2009/by Tyrepress Editors

Infinity Tyres’ ‘French Connection’ Prospering

Infinity Tyres’ French distribution partner, Fort Pneus, has announced that despite the current economic situation, sales of Infinity tyres have increased “substantially during the first half of the year.” In a recent internal newsletter, company representatives reported that Fort Pneus staff were presented with an Infinity brand plans for the future including details of “considerable investment in new product and sizes” Referring to his meeting with Al-Dobowi Group executive director Harjeev Kandhari, Frederic Breysse, director of Fort Pneus, commented: “The visit by Infinity was a huge success. There are exciting plans to grow the brand in France and we look forward to developing our partnership with them.”

14th September 2009/by Tyrepress Editors

German Scrappage Scheme Ends

Market analysts are predicting that the German market scrappage scheme is likely to have come to end today as demand for cars purchased under the scheme now exceeds supply. According to a Deutsche bank report published today the scheme has been responsible for 9000 unit sales a day since its introduction and – as of today – only 5000 applications remain.

2nd September 2009/by Tyrepress Editors

First Stop Unveils Latest Model Store

The Exhaust Tyres Batteries (ETB) group, which has branches across the Midlands and is part of the First Stop network of tyre dealerships, has recently seen its head office re-developed to become the latest ‘model store’ for the network. ETB and Bridgestone have made a significant investment in the refurbishment of the head office, based in Worcester, including the complete overhaul of the exterior and a new reception area to provide a more appealing environment for customers.

12th August 2009/by Tyrepress Editors

CBp Carbon Replies to Fader Statement

CBp Carbon Industries has released a press statement in response to the August 9 statement published by Fader Technologies LLC. The company states it is "saddened" that it must response to this release, but notes it has done so in order to "correct serious falsehoods and libels and to comfort the Company's stock holders."

11th August 2009/by Tyrepress Editors

Trelleborg Reports Improved Operating Margin in April – June Period

In its interim report for the months between April and June 2009, Trelleborg reports that “in a difficult market situation, we have successfully managed to generate a continued strong cash flow and improved our operating margin compared with the first quarter of 2009.” The company also states that effects of its “capacity adjustments” are gradually increasing, although the sense of uncertainty regarding the future remains “great”.

Net sales in the second quarter of 2009 totalled SEK 6.867 million, down 17.5 per cent on the same period a year earlier. Operating profit, at SEK 159 million, decreased 52.8 per cent year-on-year.

24th July 2009/by Tyrepress Editors

Conti to Receive Kuwaiti Investment?

According to an article that appeared German business newspaper WirtschaftsWoche on July 18, Continental AG may soon be the recipient of Kuwaiti investment. The paper reported that investors from the Persian Gulf State entered into talks with Continental Executive Board chairman Dr. Karl-Thomas Neumann several days earlier. This meeting followed one the investors conducted with Christian Wulff, the premier of the state of Lower Saxony, where Continental is headquartered.

20th July 2009/by Tyrepress Editors

Ellerbrock Mixing Plant Doubles Output After Fire

Earlier this week Ellerbrock Reifenrunderneuerungs-Technologie GmbH puts its new North Hamburg (Henstedt-Ulzburg) mixing facility into operation. As a result of the six million euro investment, the plant has also taken on a completely new role within the Marangoni Group.

9th July 2009/by Tyrepress Editors