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Expansion For South Pacific Tyres

South Pacific Tyres, the jv between Australia’s Pacific Dunlop and Goodyear of the USA, is set to increase production at its plant in Upper Hutt, New Zealand. Production at the plant is due to rise by 65 per cent over the next year, creating 140 new jobs. In unit terms, output will rise by one million tyres, to 2.4 million tyres a year. Production will go from 24 hours a day, five days a week, to 24 hours, seven days. 60 new sizes of tyre will be introduced into the factory, many coming from South Pacific factories in Australia.

9th April 2002/by Tyrepress Editors

Round Two: Evans Versus Gibara

Some weeks ago, Akron Beacon Journal business columnist Diane Evans stressed the point that Goodyear bonds have become “junk bonds”. Who could ever have imagined that, she asked? In a letter to the editor, Gibara said that Evans seemed to criticise him constantly and, more importantly, not give the readers the full facts, which forced him to answer back in the name of all the good Goodyear associates. The issue rumbles on – the supervisory board has given Gibara a bonus of US$ 1.25 million, which Evans believes is not a good decision. Furthermore, it has become obvious that a power struggle is going on within the group, between the two highest-ranking managers.

15th March 2002/by Tyrepress Editors

New Jobs At Michelin

Michelin has announced that it will take on more than 1,000 new staff in France in the coming year. These new positions come in addition to the 1,000 new posts planned after the introduction of the 35 hour working week.

14th February 2002/by Tyrepress Editors

Losses At Tenneco Automotive

Tenneco Automotive has reported an 8 million dollar loss in the fourth quarter of 2001, this completes a 130 million dollar loss for the year, compared to a 40 million dollar loss for the previous year. The company is to close eight facilities worldwide, with the loss of 900 jobs. This will form part of a global lean manufacturing and distribution initiative.

1st February 2002/by Tyrepress Editors

Low Inventory Lifts Delphi Hopes

Parts supplier, Delphi, hopes that the automakers inventory reduction over the past year when production has been at a low, will result in a boost in business as low inventory forces manufacturers to place orders for new stock. In the meantime restructuring continues, with the loss of 11,500 jobs and the closure of nine factories.

18th January 2002/by Tyrepress Editors

100 New Jobs At C-Tyres

Colway Tyres has been re-incarnated as C-Tyres in a management buy out backed by the Royal Bank of Scotland. The deal was created through Tait Walker Chartered Accountants and Hay and Kilner solicitors. Colway Tyres was the market leader for passenger tyre retreads, boasting sales of around 600,000 and Motorway Retreads were the third largest premium truck retread producer. The two firms together under the C-Tyres banner should have “excellent prospects”, said Allan Kelly of Tait Walker Corporate Finance. Managing Director Garry Oliver, Finance Director Peter Morris and Operations Director John Harrison announced that future business has already been secured with Kwik-Fit, ATS, National Tyres and Motorway/Hi-Q. The firm expects to take on in excess of 100 new employees in 2002 – including many of the skilled staff laid of when Colway closed its doors.

10th January 2002/by Tyrepress Editors

Logistic Centre Opens In Poland For Debica

Jarro Kaplan, Goodyear’s President for Middle and Eastern Europe, Africa and the Near East, recently officially opened the new Debica logistic centre in Tarnow, Poland. The storage area is 30,000 square metres and the warehouse has 30 loading docks for trucks. 200 new jobs have been created and the investment is estimated at $12 million.

28th December 2001/by Tyrepress Editors

Buy-Out At Just Tyres

On 10th November it was announced that 38 Just Tyre outlets had been sold to a team which includes three Just Tyres managers. Major shareholder in the buy-out is Ian Grant, who was Chief Executive of the Just Tyres Holdings group. The purchase price was not revealed, but it is understood that around 100 jobs have been secured by the deal. The group called in the Administrative Receiver in mid-October and 40 Just Tyres outlets were closed immediately. A further 12 were closed last week, leaving the most profitable 38 depots in the chain. Ian Grant said he was “encouraged” by discussions with suppliers.

28th December 2001/by Tyrepress Editors

Manufacturing Plant Closure By Hayes Lemmerz In The US

The world’s largest wheel manufacturer, Hayes Lemmerz, which is facing heavy financial difficulties and is struggling for survival, has announced the closure of its manufacturing facility in Bowling Green, Kentucky in the middle of next year. 235 employees will lose their jobs. The closure will entail costs of about 55 million US-$ for the current fiscal year.

28th December 2001/by Tyrepress Editors

Reorganisation In Store As Hayes Lemmerz Files For Chapter 11

Hayes Lemmerz, the wheel manufacturer that has been undergoing difficult times recently, has filed for restructuring under Chapter 11 of the US Bankruptcy Code. The company is at pains to point out that it has not “gone bankrupt”, neither is it going out of business and that Chapter 11 is a court-supervised restructuring proceeding, not a liquidation proceeding. It also applies only to Hayes Lemmerz’s own operations in the USA and that operations outside the country (except for one plant in Mexico) and joint ventures are not included. Declining market conditions and excessive debt were blamed for the action. Hayes Lemmerz shares fell to 52 cents at the news.

28th December 2001/by Tyrepress Editors

Heated arguments between Hanover and Traiskirchen

Trials, tribulations and shady deals have, in recent years, been the order of the day in the contacts between the Corporation’s management in Hanover and the Semperit GmbH subsidiary in Vienna. On the one hand, due mostly to the fighting spirit of a large part of the personnel, we had the image of a totally unruly company in Traiskirchen, and on the other hand the image of those at the top of the Corporation; not to be trusted any further than they could be thrown. Like the devil fears holy water, the Austrian associates fear the physicist Hubertus von Grünberg who, first as the Continental Corporation’s CEO and now as a sort of Supervisory Superintendent, is spending a lot of time making life impossible for the plant in Traiskirchen. As far as the Austrians are concerned, there can be no possible justification for these measures, and closure of the plant would be seen as a token of utter ingratitude, because Semperit Traiskirchen has amply rewarded the Corporation with returns on their previous investments. The question today is: can Traiskirchen be saved? The company offers employment to 1,500 associates, manufacturing products for a world market under pressure due to overcapacity. The bitter truth is this: the plant is no longer needed, however, the brand is, and so is the market. What they have not quite figured out yet, is how to lose the one and keep the others. Employees point to the closure, at the beginning of the eighties, of the Firestone Plant in Pratteln, Switzerland, which consequently reduced the then market leader to a mere “also ran”. The same fate will befall the Continental Corporation, is the suggestion in Vienna. But the reality may be quite different. At that time, Firestone had withdrawn from the market in the heat of its struggle for survival, tyres had to be ordered by the container load from the Spanish or French plant, the infrastructure had gone, and so had the distribution service. If lights go out in Traiskirchen today, the impact on the market may be close to zero. Austria will be in turmoil but once the telephones of the works council members have been cut, the interest of the public and the press will die down, and so will the interest of the politicians, who are trying to capitalise on the situation, pretending they are fighting to keep the jobs. It will be like in any obituary: fought, hoped and lost. Matters should be approached from a different angle: ranting and raving does not create new jobs.

28th December 2001/by Tyrepress Editors

One Fifth Of DaimlerChrysler Workforce To Go

DaimlerChrysler has announced that it is to cut 26,000 jobs globally over the next three years, which equates to 20 per cent of the group’s workforce. Production will be stopped or curtailed at 13 factories, cutting capacity by 15 per cent. DaimlerChrysler has also told suppliers to reduce prices by 5 per cent.

30th November 2001/by Tyrepress Editors

Investment And New Jobs For Continental Teves Factory

Over the next five years, Continental will invest just over $51 million in its Continental Teves brake factory, located at Jicin in the Czech Republic. The investment will mean that the factory is amongst Europe’s largest brake system manufacturers and will mean another 670 jobs to the 900 already employed at the plant.

30th November 2001/by Tyrepress Editors

Cost-Cutting Proposals Rejected By Michelin Workers?

A report in the local paper, the Burnley Express, quoting an anonymous worker, says that workers at the Michelin tyre plant in the town have rejected cost-cutting proposals put forward by management. These proposals are said to include a 25 per cent reduction in shift allowance and some workers moving from a four day week to three days. However, a union spokesman said that proposals have been neither accepted nor rejected and unions and management will meet on 29 January to discuss the situation. Around 450 workers would be affected at Burnley, where truck and bus tyres are made.

30th November 2001/by Tyrepress Editors

35 Million Euro Revamp At Continental

Continental announced that the overhaul of its Belgian truck tyre plant at Herstal would cost 35 million Euro and result in a loss of 560 jobs. The workforce would be reduced to 200 and redundancy packages have been agreed this week. The saturated European truck tyre market had raised questions about the profitability of Herstal, which resulted in this restructuring. Truck tyre manufacture is being shifted to Eastern Europe where overheads are lower.

30th November 2001/by Tyrepress Editors