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Pirelli 1H earnings down, but growing in 2Q

Announcing its results for the first half of 2013, Pirelli has shown a year on year 6.1 per cent reduction in earnings before interest and taxes compared with the first half of 2012. This occurred in spite of a second quarter in which the manufacturer saw signs of improvement, with revenues climbing 8.8 per cent on 2Q 2012 following a 1.3 per cent YoY reduction in the first three months of the year. However, net profit for the quarter was also some way off that of the 94.9 million euro achieved in 2012, at 78 million euro.

6th August 2013/12,345 Comments/by Tyrepress Editors

Q2 sales, shipments down at Superior Industries

Wheel manufacturer Superior Industries International has reported a slightly lower year-on-year net income for the second quarter of 2012. Net income decreased from US$6.4 million a year ago to $6.3 million in the March to June quarter.

5th August 2013/12,345 Comments/by Tyrepress Editors

Transport Canada issues Michelin Tires recall

Transport Canada has issued a recall for several models of Michelin tyres, Tire Review reports. “A loss of inflation pressure could cause increased tyre temperature, which could lead to tyre failure. This could result in a vehicle crash causing property damage and/or personal injury,” Transport Canada said. The SUV or light truck tyre models affected are the LTX M/S2, the X Radial LT2 and the Latitude Tour sold primarily in the US, Canada and Mexico.

19th July 2013/12,345 Comments/by Tyrepress Editors

Michelin issues North American recall

Michelin North America is seeking 2,500 potentially defective tyres, but in order to retrieve these, the company is recalling around 100,000 tyres. The target 2,500 tyres could experience partial or full sidewall perforations that may cause them to experience loss of air pressure. The recall involves certain sizes of the Michelin LTX M/S2, Michelin X Radial LT2 and Michelin Latitude Tour sold primarily in the US, Canada and Mexico. The tyres are typically found on light trucks and SUVs.

15th July 2013/12,345 Comments/by Tyrepress Editors

Pirelli’s Silao plant reaches million milestone

Pirelli’s factory in Silao, Mexico, which was inaugurated in May 2012, has produced its millionth tyre and is gearing up to become the Italian tyre maker’s dominant NAFTA region supplier. Covering an area of 135,000 square metres, the Silao plant’s capacity will reach 3.5 million tyres in 2015. When fully operational in 2017, production is expected to reach 5.5 million pieces, according to Pirelli. The tyre maker’s total investment through 2017 will amount to approximately US$400 million.

21st June 2013/12,345 Comments/by Tyrepress Editors

Silica masterbatch technology an industry first, says Cooper

In February, Cooper Tire & Rubber Company and Mexican firm Industrias Negromex S.A. de C.V. (INSA) jointly earned a US patent (8,357,733) for a process to produce silane, hydrophobated silica, silica masterbatch and rubber products. Building on this announcement, on 7 June the two companies reported achieving a further significant milestone. They have successfully evaluated silica masterbatch technology in full-scale production facilities and demonstrated that tyres produced with silica masterbatch technology offer a range of benefits compared with tyres produced using conventional dry silica mixing technology.

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

Mexico launch for Trelleborg agri range

Trelleborg Wheel Systems has entered into an agreement with off-road tyre wholesaler Neumáticos Muevetierra to supply the Trelleborg agricultural range in the Mexican market. The initial portfolio on offer includes the new Maximo R1 radial range and the TH400 agro-industrial line.

6th May 2013/12,345 Comments/by Tyrepress Editors

Yokohama opens Mexican subsidiary

In order to expand its market presence through direct sales, customer service and more efficient distribution channels, Yokohama rubber has established a subsidiary in Mexico. Guanajuato-based Yokohama Tire Mexico S. de R.L. de C.V. (YTMX) was founded in March, with former Yokohama Tire Corporation vice-president Gary Nash taking on the role of president as of 1 April.

2nd April 2013/12,345 Comments/by Tyrepress Editors

VW to introduce budget brand?

There are reports from the North American International Auto Show, (Detroit, Jan 14 – 27) that Volkswagen will decide this year whether to introduce a new budget brand aimed at developing markets.

If the company decides to go ahead, it would almost certainly start in China, where VW recorded a near-25 per cent increase in sales to a total of 2.15 million in 2012. But India and other new markets such as Mexico could also be targets for a low-cost VW brand.

15th January 2013/by Tyrepress Editors

Yokohama-shod trucks compete in Baja 1000

Yokohama Tire Corporation-sponsored off-roaders Cameron and Heidi Steele are competing in the storied SCORE Tecate Baja 1000, at Mexico's Baja Peninsula, betweenNovember 14-17. The Steeles, along with their Desert Assassins teammates, will race on various Geolandar tyres along the demanding course. The 45th running of the race goes from Ensenada to La Paz and is the SCORE (Southern California Off Road Enthusiasts) racing series season finale.

15th November 2012/by Tyrepress Editors

Eldan Recycling deliver cable recycling plant to Mexico

Eldan Recycling A/S, Faaborg has sold a complete cable granulation and separation plant to Viakon Conductores Monterrey, Mexico. The system will turn mixed cables and wire into pure copper and plastic at approx. 1000 kg per production hour.

8th November 2012/by Tyrepress Editors

Superior Industries’ Q2 net income 56% lower

Wheel manufacturer Superior Industries International has reported a net income of US$6.4 million for the second quarter of 2012. This result for the three months to 30 June represents a 56.4 per cent year-on-year drop in net income despite a three per cent increase in consolidated net sales to US215.1 million. Unit shipments increased 14 per cent to 3.3 million from 2.9 million in last year’s second quarter, while gross profit was $15.7 million, or seven per cent of net sales, compared with $19.5 million, or nine per cent of net sales, in the comparable period a year ago.

6th August 2012/by Tyrepress Editors

US recall for 841,000 BFGoodrich, Uniroyal tyres

Michelin has instigated a large-scale recall in the US; the tyre maker has announced it is voluntarily recalling approximately 841,000 BFGoodrich and Uniroyal-branded van and light truck tyres sold in the US, Canada and Mexico. The reason given for the recall is that 0.017 per cent of tyres sold have been returned by customers, who have experienced tread loss and/or rapid air loss, resulting from tread belt separation. Michelin says that no deaths or injuries have been reported in connection with the recalled tyres.

27th July 2012/by Tyrepress Editors

Galgo installs new Banbury mixer at Tula, Mexico plant

Mexican supplier of rubber materials for retreading, Galgo has announced the installation of a new internal Farrel Banbury F270 mixer. The US-manufactured mixer will allow the company to obtain fully consistent blends with the better dispersion of carbon black in a quicker mixing time, according to the company. Galgo supplies Pre-Q treads, cushions in different forms, and extrusion and strips for a variety of rubber products for different uses and applications.

27th March 2012/by Tyrepress Editors

Cooper to partner in plant based rubber project

Parthenium argentatum, or guayule, is a flowering shrub native to the southwestern United States and northern Mexico, and can be used as an alternative source of latex. It is precisely this quality that has piqued the interest of Cooper Tire & Rubber. The tyre maker has looked into alternative latex sources for a couple of years now and on 29 February it announced having entered into an agreement with Yulex Corporation to jointly evaluate and develop guayule polymers and resins for tyre applications.

1st March 2012/by Tyrepress Editors