Manufacturing Archives - Page 253 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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Westminster Eyes On Tyre Manufacturing

On Thursday the 18th January , in response to a question from Mr. Peter Pike MP for Burnley, the Minister for Trade, Mr Richard Caborn announced that the Government was to “commission a competitive study to examine the entire rubber industry, and especially the tyre sector”. Peter Pike MP quoted cuts in tyre production in the UK (Michelin, Goodyear, Dunlop, Continental) and advised the Minister that there was concern in his constituency, Burnley, home of a Michelin plant, for the future of the Tyre industry in the UK. The Minister responded with figures showing overall tyre production standing at £1 billion, and exports at £800 million, and some 8,000 people still employed directly in the tyre manufacturing industry. He added that with electronics playing an increasing part in production we (the government) wanted to ensure the country was at the leading edge of technology, and quoted Pirelli’s new robotics line as evidence the UK Tyre industry has a future. Sir Sydney Chapman MP for Chipping Barnet asked whether, given the sharp decline of the Euro against Sterling should the government not have eased the tax and regulatory burden on the industry? The Minister’s response was that the government’s policies had been welcomed by the industry; that three of the five major tyre manufacturers were operational in the UK and that they were “looking to the government to give a lead on a foresight programme to develop new technology for those industries”. He added that the standing of the Euro had had little or no effect on the global re-organisation of the tyre manufacturers. In a follow-on question, Barry Sheerman MP for Huddersfield asked if the Minister thought that if a multinational closed down a UK operation, that the UK consumer should be encouraged to be discriminatory about the products he or she buys, to favour UK industries. In response the Minister stated that he did not think this to be an acceptable way forward, that “the way forward was to expand the global economy in a managed way that will produce a good result for the consumer”.

30th November 2001/by Tyrepress Editors

Korean Tyre Manufacturer Helps American Victims Of Terrorism

Tyre importer, Hankook Tire America has joined Goodyear, Michelin, and Bridgestone in donating funds to assist the victims of the terrorist attacks on the 11th September. 100,000 dollars are being donated to the American Red Cross.

30th November 2001/by Tyrepress Editors

Indian Tyre Industry Threatened By Imports

The Indian tyre manufacturing industry may be under threat from cheap imports from China. The lifting of trade restrictions with China has already created trading problems for many of India’s smaller industries. Presently imports from China form only 2.87% of India’s imports, but the arrival of cheap, mass produced products from China has indicated the lack of preparedness of Indian industry to meet the new competition. Tyre manufacturing has been highlighted as a potential victim as businesses move from manufacturing to importing.

30th November 2001/by Tyrepress Editors

New President And CEO Appointed By Hayes Lemmerz

Hayes Lemmerz Int. appointed Curtis J. Clawson as its new President and Chief Executive Officer. In connection with Clawson’s appointment, Ranko “Ron” Cucuz, the Company’s Chairman and Chief Executive Officer, will remain as Chairman of the Board of Directors. Most recently, Clawson was President and Chief Operating Officer of American National Can Group, a $2.5 billion NYSE traded manufacturing company, which was acquired by Rexam PLC.

30th November 2001/by Tyrepress Editors

Tyrexpo Europe 2001 Preview

It is exhibition time once again in the UK, with Tyrexpo Europe 2001 being held in the Grand Hall at Olympia from March 14th to 16th. In terms of space, this is the largest-ever show in the event’s 23-year history. The exhibitor list underlines the show’s growing internationalisation over recent years, with companies coming from (naturally, given the name of the show) western and eastern Europe, the USA and Canada and the Far East. Manufacturing tyres has become an increasingly global business, and so has wholesaling, with companies searching the globe for new sources of products and also for customers. Wholesalers are well represented at Tyrexpo. An industry not enjoying good times at the moment is that of retreading, especially for passenger car tyres. It is no surprise, therefore, that the number of retreaders taking space at the show is below that of previous events. However, the industry is not totally unrepresented, with machinery manufacturers and suppliers of consumables taking space. Two areas which are becoming more prominent are those of tyre recycling and internet trading. Legal moves such as the banning of tyres for landfill and the End of Life Vehicle Directive are concentrating industry minds on recycling, and there are tyre collectors and disposers among the exhibitors. Few doubt that the internet will have a growing effect on the tyre – and every other – business, and Tyrexpo Europe provides the opportunity for some of the companies offering internet trading to show what they can offer. Our preview gives a flavour of the variety of exhibitors by giving details of some of what is on show. TYRES & ACCESSORIES and our sister magazine NEUE REIFENZEITUNG, are sharing a stand and we look forward to seeing friends old and new.

30th November 2001/by Tyrepress Editors

One Million Pound Investment In Tenneco Exhaust Factory

Tenneco Automotive is spending one million Pounds (1.6 m Euro) on a refurbishment programme at its Walker exhaust manufacturing factory at Tyseley, Birmingham in the UK. The investment will improve flexibility and reduce downtime between manufacturing different products. The factory produces two million exhausts a year.

30th November 2001/by Tyrepress Editors

Mexican Plant To Be Closed By Goodyear

Goodyear has announced that it is to close its tyre manufacturing factory at Tultitlan, Mexico. 1,559 employees will be paid off. The plant was opened in 1941 and Goodyear said that the reason for closure was that the plant’s “high costs are incompatible with current economic conditions.”

30th November 2001/by Tyrepress Editors

Contract Between Nissan and Hayes Lemmerz

Hayes Lemmerz International has been awarded a contract from Nissan Japan for cast aluminum wheels. The wheels are currently being produced at the Hayes Lemmerz’ Antwerp, Belgium manufacturing facility for export shipment to Nissan Motor, in Japan. The contract is valued at an estimated $11 million.

30th November 2001/by Tyrepress Editors

Eighth Member Of RubberNetwork.com

Toyo Tire & Rubber has become the eighth manufacturer to sign up to RubberNetwork.com, the world-wide electronic purchasing and procurement marketplace. RubberNetwork.com will be launched in North America next month and further launches are planned for July (Europe) and September (Asia). The eight members represent over half of the world’s tyre manufacturing capacity.

30th November 2001/by Tyrepress Editors

EMT Runflat Tyres By Goodyear Are #1 Worldwide

Goodyear, supplying nearly 50 original equipment runflat tyre fitments to eight manufacturers, is the world leader in runflat tyres. The latest EMT (Extended Mobility Technology) fitment is on the Mini, a new product from the BMW Group which will have the Goodyear Eagle NCT5 EMT runflat tyres as an option. The company has runflat manufacturing capability in Fulda, Germany, and at plants in the USA.

30th November 2001/by Tyrepress Editors

Tyre Maker Reduces Share In Car Manufacturer

Michelin on Thursday reduced a long held 3.8% share in the French auto manufacturer PSA Peugeot Citroën to 1%. The tyre manufacturer sold 1.27 million PSA shares which is estimated nearly 420 million Euro. The transaction will have positive effects on the financial structure of the company, Michelin announced.

30th November 2001/by Tyrepress Editors

Good News For Manufacturers As Oil Prices Fall

Over the past year or so, manufacturers have suffered from rising raw material costs. These have fallen recently and may fall even further, following a drop in the price of oil (around 40% of a tyre’s content is ultimately derived from oil). Back in September, the price of Brent crude oil was at a 10-year high of $37 a barrel. This week’s price is 35 per cent lower, at $24.23.

30th November 2001/by Tyrepress Editors

2000 Figures From Nokian

Nokian Tyres has released financial results for last year. Net sales were 398.5 m Euro, 23.5 per cent higher than 1999. Allowing for acquisitions made during the year, the figure was 359.8 m Euro, or 11.5 per cent higher. Operating profit was 39.4 m Euro (1999: 42.1 m), affected by a 1.7 m Euro loss incurred by the tyre retail chain. Net profit was 19.8 m Euro (1999: 25.7 m).

30th November 2001/by Tyrepress Editors

Receivership For Colway and Motorway

KPMG has been appointed as official receiver for Colway Tyres and Motorway tyres. Production at both firms has ceased and the assets of the firms are to be sold. Total output from the retreading operations amounted to some 1,000,000 tyres in the preceding year. The demise of the retreading operation will indubitably have an effect on the UK retread market, and potentially on the waste tyre problem.

30th November 2001/by Tyrepress Editors

Rubber Parts Unit For Toyo

Toyo Tyre and Rubber Co has announced the establishment of a wholly owned US subsidiary. The $20million plant will begin manufacturing vibration resistant rubber auto parts by July 2002. The company’s main outlets will be Japanese motor manufacturers operating in North America.

30th November 2001/by Tyrepress Editors