Hamaton exhibiting at Autopromotec 2017
Hamaton Ltd, has announced that it will be exhibiting at the upcoming Autopromotec show in Bologna in Hall 22, Stand A4.
Tag Archive for: Italy
DriveRightData adds Italian VRM look-up service
DriveRightData has added an Italian VRM look-up service to its system and adjusted the US VRM, defined by state, in response to customer requests.
WEX Europe Services strengthens, builds new relationships at Transpotec Logitec
WEX Europe Services’ presence at Transpotec Logitec 2017 in Italy allowed it to reaffirm relationships with existing customers and introduce new contacts interested in its fuel cards and telematics systems, the company stated. Held at Veronafiere, the exhibition for fleet owners and distributors attracted more than 84,000 visitors, from 86 countries, in four days. With this visitor base, WEX Europe Services, owner of the Esso Card fuel card portfolio, said the exhibition was the perfect platform to illustrate the benefits the card can provide fleets in Italy.
Bain Capital acquires Fintyre
Italian tyre wholesaler Fintyre has a new owner. Through its Europe IV fund, private equity company Bain Capital has acquired the entire stake controlled by BlueGem Capital Partners. Bain Capital states that it will work together with Fintyre chief executive officer Mauro Pessi and the company’s management in order to further the company’s path of growth towards leadership in the areas of tyre wholesale and retail distribution in Italy in Europe. Existing Fintyre lender Blackstone Group subsidiary GSO Capital Partners will also support the wholesaler’s development plan through a unitranche debt instrument.
Heritage & high-tech: Pirelli celebrates 110th motorsport anniversary
Pirelli has celebrated 110 years of motorsport activity. At events held this week in Turin, Italy, the tyre maker celebrated its long competitive heritage at Turin’s National Automobile Museum and also opened the doors to the plant where its most advanced products are manufactured.
‘Only efficiency will save tyre distributors’ – Top 5 European tyre wholesaler Fintyre
In response to a contracting market in 2013 and 2014, Italian wholesale giant Fintyre underwent a reorganisation, involving relocation north from Empoli to Seriate, Bergamo and a staff reduction of 60 employees. The overhaul of the company structure did not end there; it started a process in 2015, completed in late 2016, which has changed the face of Fintyre. This, it states, has consolidated its position as the leader of the Italian market with a share of around 25 per cent. In 2015, British investment firm BlueGem Capital Partners, which at that point held a 90 per cent share in Fintyre after its original 2009 investment, was recapitalised following a major financing agreement with GSO Capital Partners. The company then made two major acquisitions – Pneusmarket and Franco Gomme – which have helped to increase turnover from 255 million in 2014 to an estimate of more than 400 million euros in 2016.
Pirelli in 100 Pictures’ exhibition opens
If a picture truly is worth a thousand words, then Pirelli has saved itself pages of prose by supplying the content for an exhibition currently being held in Italy. On 18 January, Archimede Library in Settimo Torinese opened the doors to the ‘Pirelli in 100 Pictures: Beauty, Innovation, Manufacturing’ exhibition, a visual glimpse into the company’s 140 years of history. The exhibition runs until 1 May.
APP-Tech now a Ronal Group company
The Ronal Group has announced its acquisition of Italian firm APP-Tech Srl at the end of last year and says this will help it meet growing customer demand for forged wheels. APP-Tech specialises in these products and sells the rims manufactured at its plant near Padua in northern Italy to vehicle manufacturers, high end aftermarket suppliers and motorsport teams. The company will continue to operate on an independent basis under the management of Francesca De Boni, and all APP-Tech staff will remain in employment.
Eldan expands Italian tyre recycling plant
Eldan Recycling A/S reports that it successfully expanded an Eldan tyre recycling plant located at the premises of Italian customer GATIM. The original Eldan tyre recycling plant was supplied in 2001.
Evans’ Dmack victory at Bettega Memorial Rally ‘important’ to brand growth in Italy
Dmack British Rally Champion Elfyn Evans rounded off his spectacular season in style with overall victory at this weekend’s popular Bettega Memorial Rally at the Bologna Motor Show in Italy. Evans beat Kalle Rovanpera (Ford, running on Pirelli tyres) after fending off competition from World Rally Championship runner-up Thierry Neuville (Hyundai, Michelin) and Alessandro Bettega (Ford, Yokohama) in two days of qualifying heats on the purpose built track. Dmack managing director Dick Cormack said the win was “an important result” for Dmack in growing the brand in Italy.
Autopromotec 2017 sells out, tyre section doubles
Show space for Autopromotec 2017, which runs from 24 – 28 May 2017 has already sold out – six months before opening. According to the show’s organisers Promotec Spa, the growth comes as a result of a 19 per cent increase in the number of exhibitors compared with the same period in 2014.
“People, ideas, products”
The 2015 financial year delivered Italian workshop equipment manufacturer Butler the best turnover in the company’s history. The 1988-established firm achieved sales revenues of 32 million euros last year, more than a fifth the entire turnover of the Samiro Group, to which Butler has belonged for the past decade or so. The other Samiro Group companies may also be familiar to those in the tyre and automotive industries; these are Ravaglioli, Space and Sirio. The first of these is the largest Samiro business, accounting for 75 to 80 million of the group’s total turnover of 142 million euros.
Tech buys Salvadori
Technical Rubber Company, Inc. (the Johnson, Ohio-based firm also known as Tech or TRC) has bought of Rovereto, Italy-based Salvadori S.r.l in a transaction that completed last week.
Pirelli renews Corimav partnership with University of Milano-Bicocca
One patent deposited every year, 44 student scholarships and 36 doctoral scholarships, all in the arena of research into advanced innovative materials: This is the fruit of the Corimav partnership created in 2001 as a joint venture between Pirelli and the University of Milano-Bicocca. The partnership was recently renewed at an event attended by Pirelli chief executive officer Marco Tronchetti Provera and Cristina Messa, the university’s rector.
VAT irregularities: Italian internet tyre retailer under investigation
According to information from our colleagues at PneusNews, Italian authorities are taking a closer look at online tyre retailer Euroimport Srl following allegations that VAT irregularities are enabling the company to offer tyres on its www.euroimportpneumatici.com platform at much lower prices than those of its competitors.
