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ShengdaTech Supplying NPCC to “Top 10” Chinese Manufacturer

Shandong Province, China based nano precipitated calcium carbonate (NPCC) manufacturer ShengdaTech announced on October 3 that a Chinese tyre manufacturer has issued purchase order requesting ShengdaTech supply its ongoing tyre production requirements. This order was made, says ShengdaTech, after the company successfully completed product testing of its NPCC in a major tyre manufacturer’s production process. The name of the tyre company involved in the testing or the company that has issued the purchase order has not been disclosed.

10th October 2008/by Tyrepress Editors

ATD Acquires Gray’s Wholesale Tire Distributors

American Tire Distributors has acquired the assets of Remington Tire Distributors (dba “Gray’s Wholesale Tire Distributors”), further enhancing ATD’s service level to tyre retailers across the states of Texas and Oklahoma, according to the company. Gray’s operated two wholesale distribution centres in Texas, one in Houston and one in Fort Worth. These distribution centres service over 3,000 customers across Texas and Oklahoma.

“American Tire Distributors began servicing tyre retailers across Texas and Oklahoma in July of 2004,” said Richard Johnson, chairman and CEO of ATD. “Since that time, we have invested in our facilities, our people and our customers and, as a result, we have gained new customers and market share. The acquisition of Gray’s is another investment that will enable American Tire Distributors to better serve our customers in these two states.” (Tire Review/Akron)

9th October 2008/by Tyrepress Editors

Marangoni Signs Multi-Year Contract With Brazil’s SL Group

One of South America’s leading truck tyre retreaders, Renovadora de Pneus SL, has switched over to Marangoni. At the end of August, following several months of negotiations, Marangoni Do Brasil stipulated a multi-year supply contract with the São Paulo based group.

The SL Group, founded in 1996, is a major player in the truck tyre retreading business, operating four large retreading plants located in the main cities of São Paulo state. The group employs 140 people and operates a large fleet, with more than thirty service and support vehicles – thus the company can be considered one of the largest retreaders in Brazil and the whole of South America.

26th September 2008/by Tyrepress Editors

Bridgestone UK Receives Award from European CEO

Bridgestone UK has received a special award from the global tyre manufacturer’s new European CEO Toru Tsuda for its outstanding business performance in the first half of 2008. Bridgestone, which is based in Warwick, continues to focus its efforts in working with independent tyre retailers and its well established Truck Point programme to strengthen its brand and market share aspirations.

With 20 Bridgestone sales companies in Europe, the CEO award is presented to the company that excels in all areas of business improvement, focusing specifically on increases in like-for-like sales, market share, category mix and profitability.

8th September 2008/by Tyrepress Editors

Analysts “Still Cautious” on Cooper Shares

A financial analyst report on the fortunes of Cooper Tire suggests that investors will continue to be cautious with the American tyre manufacturer despite some positive signs.

The Deutsche Bank study states that Cooper’s “‘clean’ EPS loss, adjusted for a ‘normal’ 30 per cent tax rate, would have been ($0.26), compared with our ($0.23) estimate.” This figure is one that the Bank believes will deter investors for the time being, alongside “continued market share declines, high cash burn, lack of identifiable cost reductions, and warnings of further raw material increases.” On the other hand, the analysis states that the company’s plan “to raise prices by ‘up to 10 per cent’ in October” will mean that the share price will retain its strength.

6th August 2008/by Tyrepress Editors

Two Tech Appointments

Tech International, which markets the Truflex/Pang brand of industrial chemical and rubber products, including tyre repair and wheel service products, has made two senior-level appointments.

Firstly, Tim McLaughlin will serve in a consultant role to focus on sales and market share growth in North America. McLaughlin owns and operates his own industrial products distributorship, T. Carson and Company, in Monument, Colorado.

4th August 2008/by Tyrepress Editors

Michelin Sales, Profits Down in 1st Half 2008

In its first half 2008 results, Michelin has reported sales and net income slightly down on the same period last year. Net sales of 8.239 billion euros in the six months to June 30 represent a decrease of 1.9 per cent, however Michelin calculates that, at constant scope and exchange rates, this figure actually indicates a 4.2 per cent rise over last year. The company’s operating income of 708 million euros in the half-year was 11.3 per cent less than that in the corresponding period last year, and the operating margin of 8.6 per cent was down 0.9 pt. Net income, at 430 million euros, is 1.4 per cent lower than in 2007.

30th July 2008/by Tyrepress Editors

ATSE Appoints New Head of National Accounts

National tyre specialist ATS Euromaster has appointed Steve Bury, 45, to the new position of Head of National Accounts, reporting directly to Peter Fairlie, Group Sales Director. This new role sees Bury head up both the National Car and National Truck sales teams, which are responsible for growing ATS Euromaster’s market share amongst the major leasing companies in the UK and large national fleets with multi-site operations.

Steve Bury joins ATS Euromaster from Unipart Automotive, where he held the position of Sales and Operations Director for two and a half years, prior to which he was National Sales Manager at Autoglass for five years.

23rd July 2008/by Tyrepress Editors

Reifen 2008: Global Rubber Industries

Sri Lanka’s only representative at Reifen 2008, Global Rubber Industries took the opportunity to display their range of solid tyres – branded The Performer – in Hall 3, Booth 327. The island nation is the world’s largest producer of solid rubber tyres, supplying 60% of the global need, and Global Rubber is the dominant manufacturer.

Reporting a successful show this year, the company is already making plans for the next Reifen in 2010, where they say they will be pursuing opportunities to increase their EU market share by exhibiting their premium line of Solid Tyres at the 2010 show. GlobeStar is so far established in 25 countries.

9th July 2008/by Tyrepress Editors

Triangle to go Public

Shandong Triangle Tire Co. Ltd is to hold an initial public share offering, marking the final step in its move away from Chinese government (specifically the government of Weihai, Shandong province) ownership. This could potentially result in new funds to hire staff and build the Triangle brand. However, it also means ending its state-owned ties with Weihai town hall, and therefore the benefits that came with that.

Triangle holds roughly 1 per cent global market share, but it also has five serious domestic competitors, 20 medium-sized rivals and another 300 or so small ones. Despite this, Triangle’s passenger car tyre sales are said to be growing by more than 20 per cent a year, compared with a global market average of 6 per cent annually. In addition, Triangle’s construction, farming and mining vehicle division is reportedly doubling production this year.

27th June 2008/by Tyrepress Editors

Report: Leading UK Tyre Companies Face Tough Times

A new report has found that the UK’s largest 50 tyre companies now control 94 per cent of the market, an increase from 90 per cent 2 years ago. As a result, these major companies are said to be “fighting each other headlong in a battle for market share.”

The report, produced by Plimsoll Publishing, found that these levels of competitiveness are having an effect on the financial stability of some businesses. Of the 50 Tyre Manufacturers & Distributors companies surveyed: 15 of the companies are showing no sales increases at all; 13 are selling less than they were 2 years ago; 26 companies have failed to increase sales at the same rate as their investment; and 26 companies increased their debts simply to hold their place in the market.

28th May 2008/by Tyrepress Editors

Hankook Debuts 4 Tyres at CV Show

2008 is shaping up to be a yet another year of growth for Hankook. The South Korean manufacturer arrived at the CV show armed with several new products, indicating it is indeed taking its plans to increase market share in the commercial sector very seriously. During the three days at the Birmingham NEC visitors had the opportunity to inspect no less than four brand new truck tyres, products Hankook says kick off a series of tyre launches planned for the remainder of the year.

An all-new low profile premium steer axle tyre, the size 295/80R22.5 AH22, headed the list of new products displayed by Hankook. Company representatives report that this tyre, which also serves as an all position fitment for coach and bus fleets, delivers excellent performance in both wet and dry conditions. In terms of the tyre’s durability Hankook points to its tread depth of 16mm as one of a number of features making the AH22 a genuinely robust choice of tyre for heavy vehicles that cover considerable distances. The tyre is also available in size 315/80R22.5.

6th May 2008/by Tyrepress Editors

Kelani Tyres’ Share Price Up 30%, Profits Double

Sri Lanka-based manufacturer Kelani Tyres PLC has recently witnessed its share price jump up 30 per cent. Speaking to local newspapers Managing Director Rohan Fernando said apart from the company’s strong performance in the last quarter, he is “unaware of any reason” for this. for share prices to increase except for the high performance of the company in the last quarter. However, he did concede that the stock jump was “an unusual increase in the price of shares traded.”

30th April 2008/by Tyrepress Editors

GfK Releases Report on UK Tyre Market

A much-awaited insight into our local tyre market has become available following the release of the first in a series of regular reports produced by market research company GfK. The GfK report into retail sales of new tyres divides the market into three distinct channels; national multiples (retailers with over 100 branches), regional multiples (10-99 branches) and independents (1-9 branches). Data from thousands of depots has been collected and analysed over a six-month period, and GfK has estimated the total UK new tyre replacement market (for car, 4×4 and light commercial vehicles) to be 28.4 million units.

22nd April 2008/by Tyrepress Editors

TGI Opens Dominican Republic and Venezuela Offices

Tire Group International (TGI) recently opened new sales offices, expanding its Caribbean and South American operations. The first is located in Santo Domingo, Dominican Republic and the other in Barquisimeto, Venezuela. Heading these new sales office will be Esteban Martinez (Venezuela) and Guillermo Quintanilla (Dominican Republic). Mr. Martinez comes to TGI with over 25 years of experience in the tyre industry with particular expertise in the Agricultural, Off the Road, and Industrial segments, and Mr. Quintanilla was formally with Shell Oil Company and has extensive experience in the passenger and light truck segments.

19th March 2008/by Tyrepress Editors