Manufacturing Archives - Page 238 of 257 - 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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Runflats in Europe from Goodyear Dunlop Tires Germany

In the middle of November Goodyear Dunlop Tires Germany in Hanau inaugurated a new manufacturing facility for runflat tyres. The company has invested approximately 250 million euros into its German locations over the last three years. In Hanau Goodyear Dunlop can produce about 3,000 runflats a day, a similar production facility is in Fulda factory. Goodyear Dunlop produces 26 million tyres per year and sells about 40 million. 14 million of the German produced Dunlop tyres are exported to sister companies. This year alone, the company in Europe sold 1.3 million DSST (Dunlop Self Supporting Technology) and Goodyear EMT (Extended Mobility Technology) tyres, making it market leader in this segment.

19th November 2004/by Tyrepress Editors

Mario Marangoni Inducted Into Hall of Fame

The TIA has inducted Mario Marangoni into the TIA Hall of Fame. At the beginning of November, during the SEMA show, the TIA made the award in order to recognise the company president’s “leadership and entrepreneurial ability.” As a company, Marangoni sees the award as an achievement that recognises the success of the Italian tyre industry in addition to its international business.

17th November 2004/by Tyrepress Editors

Pirelli Announces Improved Figures and New Investments

Pirelli has released results for the first three quarters of 2004 showing a 262 million euro increase in group net income year-on-year. The results also show that its net financial position is -1.9 billion euros. At the same time Pirelli gave details of a Chinese joint venture, a Romanian steel cord plant and three new MIRS plants, together worth 400 million euros.

12th November 2004/by Tyrepress Editors

Nokian and Matador Expand Cooperation

Nokian and Matador are to expand their co-operation, the companies report. The two tyre manufacturers signed an agreement on 5 November, which will see Nokian increase the number of passenger car tyres that are produced at Matador’s plant in Slovakia. In conjunction with this, Nokian Tyres and Matador also signed an agreement on machinery acquisition. The Finnish company will purchase new equipment at a cost of around 3 million euros in order to secure the production capacity at Matador’s tyre plant.

The objective is to increase the present production of 300,000 tyres to 500,000 tyres in 2005 and to gradually increase the volume to 1 million tyres.

According to Nokian, the manufactured tyres will mainly be Nokian-branded passenger car tyres intended primarily for the Central European markets. The contract manufacturing agreement will be valid until the end of 2009 and after that renewed for one year at a time. The new agreement will replace the earlier agreement signed in January 2003.

8th November 2004/by Tyrepress Editors

Bridgestone’s Financial Results

Bridgestone has released its unaudited consolidated business and financial results for the first three quarters of the present fiscal year ending 30 September. In its tyre segment it recorded operating income of $983 million on sales of $12.6 billion. The manufacturer claims “strong sales supported by surging demand, mainly in markets outside Japan, offset the effect of rising raw materials costs on profitability.”

8th November 2004/by Tyrepress Editors

Titan’s Promising Third Quarter

Titan International has reported net sales of $116.5 million for the third quarter ended 30 September. Sales were up 47 per cent from $79.2 million recorded in the third quarter of 2003.

1st November 2004/by Tyrepress Editors

Weak Third Quarter for Superior Industries

Analysts have suggested Superior is taking a “last man standing approach” while the company reports relatively weak third quarter results.

28th October 2004/by Tyrepress Editors

Bandag to Supply Volvo Fleets

Bandag has announced that Volvo has selected it as its pan-European tyre-retreading partner. Under the new agreement, Bandag will supply retreads to Volvo Trucks workshops.

28th October 2004/by Tyrepress Editors

Trelleborg to Transfer Production

Trelleborg AB has called for negotiations with the relevant unions about the closure of its manufacturing facility in the town of Trelleborg. The company says the decision has been made against the background of a diminishing market for the type of agricultural tyres it produces in the town.

27th October 2004/by Tyrepress Editors

Bridgestone Opens Carbon Black Plant in Thailand

Bridgestone has officially opened a new carbon black plant in Thailand. According to the company, the facility will operate as Bridgestone Carbon Black (Thailand) Co, Ltd, a wholly owned member of the Bridgestone Group.

25th October 2004/by Tyrepress Editors

Bridgestone to Produce Ultra-Thin Display Devices

Bridgestone has announced that it will enter the display device market. The Japanese tyre maker says it has developed “ultra-thin electronic price tags” and is aiming to achieve sales of 1 billion yen (£5.1 million) in two to three years.

20th October 2004/by Tyrepress Editors

Toyo Tire Launches US Construction Project

Toyo Tire & Rubber Co officially “broke ground” this week for its new manufacturing plant and warehousing facility in Bartow County, Georgia. State officials and local dignitaries witnessed the event which marks the official start of construction of the company’s first wholly owned North American tyre manufacturing facility.

The 1.03 million square feet building will be built on a 150-acre site and will initially be able to produce 2 million passenger, light truck and SUV tyres annually. Toyo has invested $150 million into the products so far.

20th October 2004/by Tyrepress Editors

Hayes Lemmerz Announces Senior Management Changes

Hayes Lemmerz has announced that company vice president, James Stegemiller has decided to retire.

15th October 2004/by Tyrepress Editors

Tyre Manufacturers Form New Federation

The BRMA and ITMA have joined together to set up a new federal body to represent the interests of both associations’ tyre manufacturing members. The new Tyre Industry Federation will come into force as of 1 January 2005 and will take the form of a limited company. The BRMA are describing the union as “formalising the already close working relationship that already exists between them.”

14th October 2004/by Tyrepress Editors

Slow Quarter for Tyre Manufacturers

Financial analysts are reporting that this quarter is likely to be a slow quarter for retailers and tyre manufacturers. According to the Deutsche Bank analysts, tyre shipments were weak in September declining 6 per cent year over year. This is said to have follow a 7 per cent decline in July and a further 1.5 per cent slip in August. As a result, the consultants are predicting that US tyre makers will experience, on average, a 5 per cent drop during the quarter. Industry players are attributing the weakness to weather in Southeastern US and the ever-increasing fuel prices, impacting on car maintenance spending. This analysis means that the bank is lowering is third quarter estimates for both Goodyear and Cooper.

11th October 2004/by Tyrepress Editors