Manufacturing Archives - Page 58 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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Transport MP visits Goodyear Wolverhampton

Parliamentary Private Secretary (PPS) to the Secretary of State for Transport, Gavin Williamson visited the Goodyear factory in the West Midlands last week. The famous Wolverhampton factory has been developing tyres for 85 years in the region and is now a ‘Centre of Excellence’ for retreaded truck tyres.

Gavin Williamson MP started: "Goodyear are an important employer for the local area. My constituency starts at the edge of Wolverhampton so many of my constituents will be working at the plant. It is an important local employer and important local investor in the West Midlands.”

30th July 2013/12,345 Comments/by Tyrepress Editors

Silica masterbatch benefitting Cooper’s tyre production

Cooper Tire & Rubber reports it has now manufactured more than two million passenger car tyres using silica masterbatch (SMB) technology developed together with Mexico’s Industrias Negromex S.A. de C.V (INSA). The tyre maker says the technology has delivered a number of benefits, including improved mixing productivity and flexibility, the elimination of volatile organic compound (VOC) emissions) which are associated with the standard silanisation process of mixing silica) and improved silica dispersion in tyre tread formulations. Cooper says better dispersion means superior traction, wear and rolling resistance performance.

29th July 2013/12,345 Comments/by Tyrepress Editors

New Avon Storm 3D X-M hypersport bike tyre wins magazine plaudits

The launch of Avon Tyres’ latest sports touring motorcycle tyre aimed at the hypersport market, the Storm 3D X-M, took place near the brand’s Melksham, Wiltshire manufacturing base at Castle Combe in May. The Cooper-owned brand says it has since been reaping the plaudits for the new tyre, tested out by two-wheel specialist journalists on the fast and bumpy circuit.

25th July 2013/12,345 Comments/by Tyrepress Editors

Titan 2Q sales up 29%

Titan International reported second quarter 2013 sales of US$593.3 million 25 July 2013, up 29.2 per cent, compared to $459.2 million in the second quarter of 2012 partially driven by acquisition growth. Gross profit increased 5.6 per cent to $86.7 million, or 14.6 per cent of net sales in the period, compared to $82.1 million in second quarter 2012, or 17.9 per cent of net sales. However, second quarter income from operations was $36.9 million compared to $81.0 million last year.

25th July 2013/12,345 Comments/by Tyrepress Editors

Michelin shares slip following 1H financials

Michelin shares fell 5 per cent after the publication of its first half 2013 financial results. Writing just a couple of hours after the earning details had been published, the Wall Street Journal opined that because first-half net profit fell 45 per cent and because Michelin is taking a 250 million-euro restructuring charge to improve manufacturing efficiency some investors became unsettled and closed their positions. However, Michelin was the not the only firm suffering in Europe and mixed responses to British GDP improvements and German business confidence are thought to have affected investors too.

25th July 2013/12,345 Comments/by Tyrepress Editors

Ceat aiming for greater profitability

India’s RPG Enterprises, parent company of Ceat Ltd, shares that the tyre maker aims to become one of the most profitable firms within the domestic market. Comments made by Ceat managing director Anant Goenka to this effect during an interview with local motoring journal Motown India were published on RPG’s website on 25 July.

25th July 2013/12,345 Comments/by Tyrepress Editors

Michelin: H1 performance ‘in line with objectives’, net income down 45% yoy

Upon announcing first half 2013 results, Michelin voiced its expectation that mature markets will continue their recovery from last year’s weakness in the remainder of the year, while expansion should be seen in emerging markets. Should this trend play out, the French manufacturer sees itself in good stead to achieve its projected full-year volumes. This is all well and good, however Michelin’s reportage of its latest results said little about the first-half bottom line, which is markedly down on the same time last year.

25th July 2013/12,345 Comments/by Tyrepress Editors

Hidden strength: Is the UK becoming an all-season tyre market?

For a decade or more the case has been made for the development of winter tyre market in the UK. While there have always been residual levels of winter tyre take-up in the most northerly and mountainous parts of Britain, in the past 10 years or so tyre manufacturers have invested considerable time, effort and resources in making it a relatively normal part of the UK tyre culture. In recent years there has been development in the winter tyre market and it seems clear that this has far from peaked. However, at the same time there is now evidence that sales of all-season tyres have matched and overtaken these. With all this in mind Tyres & Accessories spoke with representatives of Bridgestone, Falken and Hankook and asked what is the right tool for the job in the UK? And is the UK becoming an all-season tyre market?

24th July 2013/12,345 Comments/by Tyrepress Editors

MP ‘delighted’ by Cooper grant

Chippenham constituency MP Duncan Hames has welcomed the news of Cooper Tire & Rubber’s receipt of £1 million in funding from the Department of Business, Skills and Innovation’s Regional Growth Fund. The funding will be backed by private investment amounting to £4.3 million and will allow Cooper Tire to build a combined heat and power plant at the factory and install solar panels on the roof – measures aimed at improving energy efficiency and making the site more environmentally friendly.

22nd July 2013/12,345 Comments/by Tyrepress Editors

UK car manufacturing grows 1.1% in 2013 H1

Car manufacturing in the UK has grown during the first half of 2013, with acceleration to 4.6 per cent coming in the second quarter and a 10.4 per cent rise in June. The SMMT says that while four out of five cars built in the UK are exported, higher output for the home market, up 24.4 per cent, has boosted volumes.

18th July 2013/12,345 Comments/by Tyrepress Editors

UK automotive industry agrees £1 billion investment plan

The UK government has agreed to match automotive industry investment of £500 million, resulting in a £1 billion 10 year automotive investment plant designed to secure the growth and development of its vehicle and component manufacturing sector.

This new funding supports multi-billion pound investments announced in the last few years by global automotive companies to boost production levels and develop new technologies and models. And when the term “automotive industry” is used it includes original equipment components such as tyres, with the full report pointing out tyre plants in Northern Ireland and Scotland as the wider British impact the investment programme is likely to have.

12th July 2013/12,345 Comments/by Tyrepress Editors

Yokohama names US plant designer

A little over two months ago, Yokohama Tire Corporation (YTC) announced its plan to build a new commercial tyre plant in the US. On 11 July it announced that the first phase of the facility in West Point, Mississippi will be designed by Kajima Associates/Architects & Engineers, PC of Atlanta, Georgia. The project taken on by Kajima Associates calls for the design of a 931,000 square foot (86,500 square metre) factory that includes production, warehousing and operations facilities.

12th July 2013/12,345 Comments/by Tyrepress Editors

Sterling slump hits fuel prices

"The unexpected crash in the exchange rate for the Pound for the US Dollar, from US$1.58 to 1.48, in just four weeks from mid-June is hitting wholesale fuel costs", said Brian Madderson, Petrol Retailers’ Association (PRA) chairman.

11th July 2013/12,345 Comments/by Tyrepress Editors

Nankang joins TyreSafe

TyreSafe has announced that Taiwanese tyre manufacturer Nankang has become its latest member. The road safety organisation says the inclusion of several new tyre retailers and manufacturers this year, brings the prospect of a year of record levels of participation and awareness about tyre safety issues. Nankang will support TyreSafe’s various campaigns throughout 2013 which include those targeting motorcyclists, young drivers, HGV operators as well as car drivers.

11th July 2013/12,345 Comments/by Tyrepress Editors

Kraiburg holds first summit meeting

At the end of June, Kraiburg Austria held its inaugural “Retreading summit” in the village of Leogang. Some 70 guests from eight European countries and from Russia participated in the event, which was devoted to the most pressing current subjects of interest within the retreading sector. These included the repercussions of advances related to truck tread design patents and what this means for Kraiburg’s own in-house tread development. A second emphasis was presented by Hans-Jürgen Drechsler from the German tyre trade association (BRV) and Christoph Priewasser, product manager at Kraiburg Austria, about the latest interim results from the BIPAVER “Re-Tyre” project and Kraiburg’s parallel undertaken “tyre labeling” project.

11th July 2013/12,345 Comments/by Tyrepress Editors