Michelin Archives - Page 249 of 323 - Tyrepress

Tyre industry pioneers, Michelin has a long history. Having begun in 1889, Michelin is now the second-largest tyre manufacturer in the world after Bridgestone and larger than both Goodyear and Contineantal.

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Michelin Reports 16.4 billion euros Sales, 35.5% Drop in Net Result

Michelin’s full-year net sales totalled 16.4 billion euros in 2006, up 5.1 per cent following a 3.6 per cent increase in 2005. According to the company, Michelin’s price mix effect remained favourable (+4.7 per cent of sales). This, together with internal cost reductions enabled the group to offset most of the 800 million euros burden caused by increased raw material prices in 2005. However, the manufacturer’s net result was down 35.5 per cent to 573 million euros, reflecting large non-recurring restructuring and industrial plant closure charges. Operating income totalled 1.118 billion euros, down 29 per cent.

15th February 2007/by Tyrepress Editors

Tyre Recovery Association Elects Two New Officers

The UK’s Tyre Recovery Association has elected both a new President and a new Vice President / Treasurer each to serve two year terms. The Association’s new president for 2007/08 leading industry figure Tim Stott, general manager of Sapphire Energy Recovery Ltd, the Lafarge/Michelin joint venture. Tim replaces Roger Hicks, managing director of Charles Lawrence International Ltd and the TRA’s first ever President, who also served a two year term.

14th February 2007/by Tyrepress Editors

Quayside Frozen Foods Ltd Choose Michelin High Grip Fitment

Newcastle-based Quayside Frozen Foods Ltd has started fitting Michelin XFN2 Anti-Splash tyres onto the steer axles of its 26 tonne Volvo FM9s and reports that the company has noticed a significant increase in grip whilst driving in wet and slushy conditions.

Incorporating elements of Michelin’s Durable Technologies, the XFN2 Anti-Splash features patented three-dimensional double wave sipes which makes the tread block more rigid, thereby helping combine enhanced tread wear with excellent on-road grip. This tyre also features an anti-splash deflector which dramatically reduces the projection of water when the truck is driven on wet roads.

14th February 2007/by Tyrepress Editors

Michelin Japan to Increase Prices

Following news that it is raising the price of replacement truck and bus tyre prices in Europe, Michelin has announced its intention to raise the price of winter tyres for cars and trucks in Japan as of April 2, in response to company concerns over material costs.

6th February 2007/by Tyrepress Editors

Score a Goal With Michelin

Michelin has joined forces with world-renowned football brand Umbro for the development of football related products. The first such product to come out of this union is a new type of football boot, the X Boot III. Featuring what has been dubbed ‘touch control’ technology, the X Boot III is made from a unique material that, when combined with the suede strike area of the boot, results – according to tests conducted in lightly wet conditions at Liverpool John Moore’s University – in up to a 90 per cent improvement in control, touch and striking accuracy.

6th February 2007/by Tyrepress Editors

Michelin Releases Longer Lasting Tyre

Michelin has launched a tyre that the company claims to be the most notable technological breakthrough since the radial technology was first applied to truck tyres in 1952. The tyre – Michelin’s X One MaxiTrailer – reportedly provides up to 50 per cent more mileage than a comparable standard 385/65 R 22.5 tyre.

6th February 2007/by Tyrepress Editors

MRF Ltd. – Benchmark for the Indian Tyre Market

MRF Ltd. has been India’s most important tyre manufacturer since the industry’s earliest days in the subcontinent. The company was founded in the city of Chennai, previously known as Madras – hence the abbreviation MRF, which is short for “Madras Rubber Factory”. Today the manufacturer can proudly look back at its 60 years of history, and also show pride in its current annual turnover of 42.5 billion rupees (£486 million). According to analysts, MRF today holds a 24 per cent slice of the Indian tyre market and is also very active in export business as well as motorsports. Company sources state that MRF currently exports its products to 75 countries.

5th February 2007/by Tyrepress Editors

China Wheel – Expecting to Double Sales

China Wheel Holdings, manufacturer of wheel rims for carmakers such as Nissan and Toyota, has stated that it expects revenue to more than double within three years as new production capacity comes on stream and the Chinese passenger car market continues to grow.

5th February 2007/by Tyrepress Editors

Latest Michelin Guide to GB and Ireland Released

The 2007 Michelin Guide to Great Britain & Ireland was released in the last week of January. This year’s guide features 122 star-rated establishments, more than ever before. Thirteen new one-star restaurants and two new two-star establishments join the hallowed ranks of those the Michelin testers have blessed with star status, and the guide has singled out eight restaurants as one-star restaurants of the future, and one as being a candidate for two stars.

2nd February 2007/by Tyrepress Editors

Union is Optimistic a Deal Can be Reached Without Strike

(Akron/Tire Review – Des Moines Register) Al Skinner and Mark Highland both live in the Des Moines area, but they could be spending a lot of time together in St. Louis in the next several weeks.

2nd February 2007/by Tyrepress Editors

Michelin China Reproached for Environmental Standards

China’s State Environmental Protection Administration (SEPA) has reproached one of Michelin’s factories, the Shanghai Michelin Warrior Tire Company, for failing to alter its activities after violating environmental regulations. In 2006 SEPA accused the tyremaker, who entered the Chinese market in 1998, of failing to follow relevant eco-friendly regulations in China, and now SEPA says Michelin has failed to reach the required manufacturing and waste standards.

2nd February 2007/by Tyrepress Editors

Michelin Announces Replacement Tyre Price Increase

Michelin has released a statement announcing that it will increase the price of its truck and bus replacement tyres in European markets. The increases will range from 3% to 5%, depending on the type of tyre, and will come into effect some time during the first quarter of 2007.

2nd February 2007/by Tyrepress Editors

Michelin to Supply Harley Davidson

The Harley-Davidson Motor Company will add Michelin as an official supplier of replacement tyres for its motorcycles. From the middle of the year Michelin motorcycle tyres will be available at Harley-Davidson dealerships across North America.

31st January 2007/by Tyrepress Editors

BFGoodrich to Become OE for Humvee

Michelin-owned tyremaker BFGoodrich will soon equip the US military’s Humvee vehicle with its Baja T/A tyre after being awarded a US$10.7 million contract. The Baja T/A to be fitted to the Humvee has been developed especially for military use and carries an E Load Rating with a load capacity of 4,540 pounds per tyre at 65 psi (4.4 bar). According to Michelin, the new tyre has a 22.5 per cent increase in projected tread life compared to the previous Humvee tyre, as well as superior manoeuverability and mud traction.

31st January 2007/by Tyrepress Editors

Michelin Renews International Contract

On January 26 Michelin renewed a long-term global contract with the Volvo Group. The initial contract was signed in December 2003, and under the terms of the new contract Michelin will offer truck tyres as OE for vehicles assembled by Volvo in Europe, North America and South America under the brand names Volvo Trucks, Volvo Buses, Renault Trucks and Mack Trucks.

31st January 2007/by Tyrepress Editors