Manufacturing Archives - Page 225 of 258 - Tyrepress

Whether its raw materials, machinery, research and development or the latest manufacturing trends, this tag provides up-to-the-minute insights into the upstream part of the tyre industry.

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“NR Price Rise has Cost Indian Tyre Industry 8.8 billion Rupees a Year”

(India/Rubber Asia) With annual consumption by the Indian tyre industry of over 400,000 tonnes of natural rubber (NR), “a price increase of just 1 a kilogram, imposes an annual financial burden of over 400 million rupees on us,” says Paras K Chowdhary, CMD of Ceat Tyres and chairman of Automotive Tyre Manufacturers Association (ATMA) of India.

The average price of NR has gone up from 39.17 rupees/kilo in 2002-03 to 63 rupees in 2005-06 (October) — an increase of 23 a kilo in about three years. This translates into about 8,800 million rupees annual financial burden on the Indian tyre makers, he said. (1$ = about 44 rupees).

29th November 2005/by Tyrepress Editors

SmarTire Modifies Manufacturing Agreements

SmarTire Systems Inc has expanded its manufacturing agreement with Vansco Electronics LP. Under the agreement, Vansco will manufacture key subsystems for SmarTire’s wireless gateway family of products. SmarTire also announced the termination of its contract manufacturing agreement with Hyundai Autonet Company, Ltd (“HACO”) in Korea, which was terminated as a result of HACO’s acquisition by Hyundai.

28th November 2005/by Tyrepress Editors

GPX Sells Part of Business to Equity Firm

(Akron/Tire Review) No sooner had the ink dried on the merger of Galaxy Tire & Wheel and Dynamic Tire Corp than the combined company – GPX International Tire Corp. – has sold a share of the company to private equity firm Sterling Investment Partners for a reported $41 million.

28th November 2005/by Tyrepress Editors

Ecclestone Sells Interest in F1

Bernie Ecclestone and German bank BayernLB have sold their controlling stake in Formula One to CVC Capital Partners for an undisclosed sum. The sale gives the investment company 75 per cent control of F1. However Ecclestone will hold onto the chief executive post at Formula One Group as well as retaining a stake in the business.

28th November 2005/by Tyrepress Editors

Titan and Goodyear Make Tentative Agreement

Titan Tire Corporation, a subsidiary of Titan International, Inc, has reached a tentative agreement with United Steelworkers (USW) Local 745L on a new contract for workers at The Goodyear Tire & Rubber Company’s farm tyre manufacturing facility in Freeport, Illinois. The USW will schedule a ratification vote in the coming weeks. Titan Tire entered into a definitive agreement to purchase Goodyear’s North American farm tyre assets on 28 February 2005.

25th November 2005/by Tyrepress Editors

Chinese Auto Exhibition

Shanghai International Exhibition for Auto Parts & Accessories (Auto Parts Shanghai 2005) and Shanghai International Exhibition for Auto Manufacturing (Auto Manufacturing Shanghai 2005) are being held on December 6 – 9, 2005 at the Shanghai International Exhibition Center in China.

In Auto Parts Shanghai 2005 / Auto Manufacturing 2005, 250 local and overseas auto parts manufacturers and suppliers will present their latest auto parts, accessories and technology. There are six international pavilions and over 20 seminars will be given by major auto manufacturers and professionals, running alongside the show. The latest show information can be found on www.2456.com/atop

24th November 2005/by Tyrepress Editors

Green Award for Ford UK

Ford UK has been named the ‘Best Performing Corporate Organisation’ in the Mayor of London’s Green Procurement Code awards, in recognition of Ford’s outstanding contribution to materials recycling.

During 2005 the company has purchased sufficient recycled-content products to stop 21,000 tonnes of materials – the equivalent of nearly 3,000 Double Decker buses – being disposed of in landfill sites.

24th November 2005/by Tyrepress Editors

Real-Life Test for Goodyear’s RFID Technology

The Goodyear Tyre & Rubber Company, the first to implement Radio Frequency Identification (RFID) technology on a production scale, says RFID is the future for tyre identification in manufacturing, supply chain management and tyre/vehicle integration.

In late November, Goodyear’s RFID technology passed its first major real-life test when NASCAR used it for a Craftsman Truck Series race at Homestead – Miami Speedway in Florida.

23rd November 2005/by Tyrepress Editors

“Excellent Response” to Tyrexpo Africa Launch

The recent launch of Tyrexpo Africa 2006 has been met with excellent response from both national and international exhibitors. The show is scheduled to take place from the 12 to 14 September, 2006 at the Sandton Convention Centre, Johannesburg and stand bookings are now being confirmed.

South Africa represents the biggest domestic market for vehicles in Africa, accounting for some 80% of the continent’s production and constituting approximately 50% of Africa’s purchasing power. It has the largest economy in Africa and has by far the largest and most dynamic automotive manufacturing, retail and aftermarket business environment on the African continent. South Africa’s population of 45 million and a growing tourism industry still represent the continent’s best growth prospects for increasing vehicle sales and aftermarket revenues.

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23rd November 2005/by Tyrepress Editors

Bosch Plans Major Chinese Expansion

At the opening of a new development and manufacturing facility in Wuxi, China, Franz Fehrenbach, the Chairman of the Bosch Group Board of Management, announced intentions to significantly expand activities into the region.

The number of Bosch manufacturing facilities in the People’s Republic of China has doubled to 20 in the past five years. At the end of 2004, Bosch had invested some 550 million euros in the establishment and expansion of activities. The company now plans to invest a further 650 million euros during the next two years across the country. “Bosch has a strong focus on China. We see it as a core country for our business in the entire Asia-Pacific region” explained Fehrenbach.

23rd November 2005/by Tyrepress Editors

GM Says It Will Cut 30,000 NA Jobs

(Akron/Tire Review) Struggling General Motors Corp announced this morning that it would close nine North American production and assembly plants and cut 30,000 manufacturing jobs by 2008 as part of an effort to get production in line with demand. Rick Wagoner, chairman and CEO of the world’s largest automaker, announced the closures during a speech to employees from GM’s Detroit headquarters. Wagoner has repeatedly denied that GM would file for bankruptcy.

22nd November 2005/by Tyrepress Editors

Alcoa Invests in Hungary

Alcoa has announced a US $83 million (Euro 70 million) investment in its Hungary based operation. The injection will modernise Alcoa-Kofem Ltd, expanding its products capability and related infrastructure, and adding new aluminum wheel production.

17th November 2005/by Tyrepress Editors

‘Do As the Best Do’

Samson Machinery Inc was founded in 1975 by Mr Lin Kun-Te. Since then the company has grown 10 per cent per year on average and has produced the only Taiwanese machine capable of producing 24-inch tyres, the ZR2024.

In thirty years of manufacturing, working with customers in numerous countries, Samson has acquired a level of knowledge and experience that has enabled it to follow a pattern of steady growth. The business’ growth has been particularly strong in recent years, something that has been reflected in factory size, worker numbers and sales figures.

14th November 2005/by Tyrepress Editors

Dumping Waste Oil is Illegal

The Environment Agency today launched a new awareness campaign reminding companies, businesses and local mechanics to dispose of waste oil safely and legally or face tough penalties.

Under the new Waste Incineration Directive – to be implemented on 28th December 2005 – companies that incinerate waste oils such as, power stations and road stone coaters, must meet strict new environmental regulations. As a result, the price of disposal is expected to increase.

14th November 2005/by Tyrepress Editors

Hayes Lemmerz Receives Supplier of the Year from Strick Trailer

Hayes Lemmerz International, Inc has announced that its Commercial Highway operations in Akron, Ohio and Berea, Kentucky have received the 2005 Supplier of the Year Award from Strick Trailer for their exceptional effort in providing quality products and services.

10th November 2005/by Tyrepress Editors