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Michelin Will Take Role in Industry Consolidation

Michelin wants to play its part in the consolidation of the tyre industry, the company’s director of financial operations, Marc Henry told Germany's Boersen-Zeitung. According to these reports and others circulated by the Reuters news agency, Michelin will not simply remain an observer, “depending on the possibilities” of the market. Nevertheless this does not mean the company is likely to surrender its "societe en commandite par actions" status which protects it from takeover attempts as it concentrates power in the hands of the company's founding family.

12th May 2010/by Tyrepress Editors

IFC to Invest in Apollo Greenfield Plant

The International Finance Corporation has agreed to partially finance Apollo Tyres’ new greenfield facility in Tamil Nadu, India. On April 22 the World Bank organisation stated that, pending the consent of its Board on May 26, it will furnish Apollo with a financial package of US$60 million. Phase 1 of the plant, located in Oragadam near Chennai, is nearing completion, and the commercial production of tyres there began in the first week of March 2010.

26th April 2010/by Tyrepress Editors

British Businesses "Wasting Fuel" – Survey

According to a recent survey, British businesses are squandering millions of litres of petrol because employees don’t drive company vehicles efficiently. Poor driving technique, inaccurate fuel gauges and bad record keeping are all contributing to companies being unaware of the real consequences of their fuel usage, the survey adds.

The research by leading telematics expert Trimble MRM found recent hikes in petrol and diesel prices is the biggest challenge facing fleet managers today. The drive to make business more fuel efficient is forcing fleet managers to take a long hard look at their vehicles and driver behaviour.

20th April 2010/by Tyrepress Editors

SMMT Urges Next Government to Continue Automotive Support

More than a fortnight after the much famed scrappage scheme came to an end and two weeks before the general election, the Society of Motor Manufacturers and Traders (SMMT) has published a “manifesto” urging the next government (whoever they will be) to continue support for the UK automotive industry.

Directing its plans squarely at the next government, SMMT outlines the key issues that will affect the UK motor industry in the near future and advises on policy direction to maximise the industry’s potential. The automotive sector is a vital part of the UK economy with a turnover of £52 billion, exports amounting to 10 per cent of the UK total and supporting over 800,000 jobs and is at the forefront of low-carbon technology.

20th April 2010/by Tyrepress Editors

Hankook Increasing Hungary Trained Staff Alongside Capacity

Hankook Tire has announced it will double its manufacturing capacity to 10 million tyres per annum by 2011, employing a further 700 skilled workers at its plant in Hungary. 450 new staff will be taken on in 2010 and 250 in 2011. The Korean company said it was “committed to long-term investment in Hungary”, a statement it supports with the tyre manufacturer vocational education and training programme it launched in cooperation with Regional Labour Offices and Lorántffy Zsuzsanna Secondary School in 2009.

14th April 2010/by Tyrepress Editors

Aircraft Tyre Retreading Added to Michelin Norwood Operations

The retreading of aircraft tyres is scheduled to commence at Michelin North America’s Norwood, North Carolina plant during the second half of the year. The addition of a retreading capability to the Norwood site, which currently employs 320 people in the production of new aviation tyres, will cost the company US$11.3 million, and the project will create 74 new jobs over an 18 month period. Hiring for some of the new posts at Norwood will begin in late April, and Michelin anticipates that 50 of the jobs will be filled by the end of 2010.

13th April 2010/by Tyrepress Editors

Goodyear Dunlop Signs TM Logistics Tyre Contract

Following a reported nine-month trial at one of its depots, Midlands supply chain specialist TM Logistics has signed up to the new Goodyear Dunlop Fleet Online Solutions (FoS) package for three years at 16 locations. The service provision will be managed by Truckforce, Goodyear Dunlop’s dedicated truck service. TM Logistics’ annual spend on tyres exceeds £300,000 across 150 vehicles and 250 trailers. The company states that the service was previously contracted through ATS and Michelin.

8th April 2010/by Tyrepress Editors

Bridgestone Ag Plant Expansion Work Starts

Expansion work has begun at Bridgestone Americas’ farm tyre plant in Des Moines, Iowa, reports Tire Review. New tyre building and curing equipment will be installed as part of the $77 million project, according to the Des Moines Register. The expansion will also add about 50 jobs to the 1,400-employee plant. To accommodate the equipment, designed to build larger agricultural tyres, portions of the 65-year-old plant’s roof are being raised some 10 feet.

29th March 2010/by Tyrepress Editors

Production Halted at Kumho’s Gwangju Plant

South Korea’s JoongAng Daily reports the production line at Kumho Tire’s Gwangju factory has stood idle since last week due to the unavailability of rubber. The company planned to secure emergency funding from its creditor to purchase additional supplies of the commodity, however this action has been delayed due to disagreements with the union representing Kumho Tire employees.

29th March 2010/by Tyrepress Editors

The TireJobs Company Celebrates Decade in Business

Started in 2000 by owner and president, Carl Koester, the TireJobs Company is a US tyre industry specific web- based employment referral service. Given the strapline, “Real Tire Jobs for Real Tire People”, Koester predicts that there will be a huge shuffle of employees as soon as the economy improves. He advises companies, “start working on their bench strength now before the talent is no longer available.”

26th March 2010/by Tyrepress Editors

Von der Heyde: Between Tradition and High Tech

The roots of W. von der Heyde GmbH (Stade) run about 130 years deep. When the company receives a smaller order from the Elbe-Weser triangle region of Germany, employees are reminded that the company founded its reputation as a machinery manufacturer as a forge. In the meantime, “VDH” is primarily equipped for high tech solutions in the specialty machinery industry. Without the traditional craftsman-like background repair jobs of rather simple, but often times very old mechanical devices for which drawings and spare parts no longer exist, as well as very complex machines with highly automated processes, would not be conceivable.

26th March 2010/by Tyrepress Editors

Apollo Announces New South Africa Investments

On March 19 Apollo Tyres South Africa announced plans to invest R300 million (£27 million) in new equipment and technology for the company’s facilities in Durban and Ladysmith. The upgrades will be implemented over a three-year period.

26th March 2010/by Tyrepress Editors

SRT Reports 8.1 Million Tyres Produced in 2009

Sibur-Russian Tyres reports producing a total of 8.1 million tyres during 2009, including 5.4 million passenger car and light commercial vehicle tyres, 2.4 million commercial vehicle tyres and 300,000 other sorts of tyres (such as aviation and motorcycle tyres). The company plans to increase production by 14 per cent during 2010.

25th March 2010/by Tyrepress Editors

Denman Tire Files for Bankruptcy

US based industrial tyre manufacturer Denman Tire Corporation has filed for Chapter 7 bankruptcy in the US Bankruptcy Court Northern District of Ohio, reports Tire Review. This action ends an almost two-year struggle to stay afloat in the face of a brutal economy and heavy pressure from imported tyres.

18th March 2010/by Tyrepress Editors

Government Backs General Motors Europe With £270 million Loan Guarantee

Business Secretary Lord Mandelson announced today (12 March) that the government has agreed a €300 million (£270m) loan guarantee with GME Europe. Agreed under the government’s Automotive Assistance Programme, the British loan guarantee will be joined by extra support from GM in the US and other European government. According to the business secretary’s office, the guarantee is designed to help secure the company’s operations in Britain and the rest of Europe and follows “detailed and highly complex talks between the Government and GM.”

12th March 2010/by Tyrepress Editors