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Michelin 2010 market recovery ‘much stronger than envisioned’ – Senard

At the Michelin Annual Shareholders’ Meeting on May 13, the French manufacturer reported its position strengthened in every geography during 2010 and particularly in mature markets. “Last year at this same time we were observing how the exceptional crisis of 2009 had had an impact on our business,” observed Michelin managing general partner Jean-Dominique Senard. “I think that this year we need to admit that the 2010 context is different and it was a buoyant situation. We had a much stronger market recovery than we could have envisioned at the time.”

16th May 2011/by Tyrepress Editors

Totrax enters fifth year distributing Emrald

News, Product News

Twenty-five year-old independent supplier of specialist wheels, tyres, axles and components, Boston’s Totrax Ltd began supplying India-manufactured Emrald Greckster industrial tyres exclusively five years ago. The distributer also supplies the UK market with exclusive products from Europe, manufactured by Italmatic. An effective way in which Totrax has worked is having built up a network of independent industrial tyre specialists supplying the forklift truck and industrial trailer market with a complete range of tyres and wheels. This specialist network allows all members to supply the Emrald or Italmatic brands wherever their customers operate, allowing continuity of brand across the UK. Totrax also states that it will continue to seek to add industrial tyre specialists to its network, encouraging interested parties to contact the company.

13th May 2011/by Tyrepress Editors

Snap-on introduces 11.2 version of software

Snap-on, brand leader in diagnostic tools, software and information for the automotive market, has announced the release of the new 11.2 software download for its hand-held diagnostic tools. The latest version now includes full coverage of the manufacturer Volvo and component test meter coverage of Mercedes.

12th May 2011/by Tyrepress Editors

‘Ambitious growth strategy’ paying off as Lanxess profits jump 60% in Q1

The year has started well for Lanxess. After achieving what it calls its “best-ever quarterly result in the first quarter,” the German specialty chemical company says it is on track to achieve EBITA pre-exceptionals in excess of one billion euros in 2011; during the first quarter its EBITA pre-exceptionals rose 38 per cent year-on-year to 322 million euros, with double-digit growth recorded in all its segments and regions. The company’s sales increased 29 per cent year-on-year in the three months to March 31, 2011 due to higher volumes and price increases that helped offset rising raw material costs. EBITDA margin pre exceptionals rose to 15.5 per cent in the first quarter from 14.4 per cent a year earlier and net profit increased 60 per cent year-on-year to 166 million euros.

12th May 2011/by Tyrepress Editors

TPMS, Omitec’s OmiCheck has it covered

Garage technology firm Omitec is promoting its latest TPMS-orientated range. According to the company, OmiCheck Service from Omitec carries the TPMS function and enables registration or re-registration of tyre pressure monitoring valves on the vehicle ECU’s. Company representatives say that the Tyre Pressure Monitoring application is “a must for anybody who removes wheels from a vehicle.” This TPMS application is designed to register a new valve or re-register the location of a wheel should it be moved from front to rear and detect when there is a tyre pressure monitoring system fault or when the valve itself needs replacing.

6th May 2011/by Tyrepress Editors

Goodyear reports record sales and a Q1 profit

Goodyear Tire & Rubber has reported record sales and higher unit volumes for the first quarter of 2011 – and a net profit for the quarter. The tyre maker’s first quarter 2011 net income was US$103 million, up from a net loss of $47 million for the same period in 2010.

29th April 2011/by Tyrepress Editors

Goodyear Innovation Center names Jean-Pierre Jeusette general director

Goodyear has announced the appointment of Jean-Pierre Jeusette to general director of the Goodyear Innovation Center in Luxembourg (GIC*L). Jeusette was previously director, Technology Consumer Tyres for Europe, the Middle East and Africa, and has 21 years’ experience with Goodyear on a variety of assignments in both Luxembourg and Akron. Jeusette replaces Marc Junio, who has elected to retire after 34 years of Goodyear service.

21st April 2011/by Tyrepress Editors

Triangle wins Caterpillar platinum supplier award

Triangle Group, one of the largest tyre makers in China and arguably the largest producer of radial OTR tyres in the country, is celebrating winning a SQEP platinum supplier award from well-known off-road vehicle manufacturer Caterpillar.

19th April 2011/by Tyrepress Editors

Tyre firms eye Saudi Arabia as strategic growth market

With more than 13 million tyres being imported annually and a market that is set to grow by 12 per cent each year (according to the US commercial service), Saudi Arabia is the largest market for tyres and tubes in the Middle East region. This growth, fuelled by an ecomomy riding on high oil prices, high disposable incomes and an appetite for all things automobile, means that the Kingdom is firmly in the sights of tyre and tube manufacturers worldwide.

19th April 2011/by Tyrepress Editors

Diagnosing and resetting TPMS issues

Tyre fitting bays and garages increasingly being convinced to do TPMS sensor work by the argument that they are giving away business to main dealers by not offering this service. The reason tyre depots haven’t done so much of this work in the past is because they are either ill-equipped or are worried about working with tyre sensors, says tyresensors.com.

18th April 2011/by Tyrepress Editors

Goodyear Dunlop’s James Bailey informs One Show viewers about tyre labelling

James Bailey, who was appointed director, brand PR in the Europe, Middle East and Africa region for Goodyear Dunlop at the beginning of the year, has appeared on BBC Television’s The One Show, explaining to segment presenter Carol Vorderman the importance of correct tyre pressure, tread patterns and tread depth for driving in the wet. Bailey took the opportunity to talk about the tyre label – with a close-up of the label itself – showing it to around 4 million teatime viewers of the magazine show. The 14 April edition of the show can be accessed by UK internet users via the Corporation's iPlayer website for the next week.

15th April 2011/by Tyrepress Editors

Multistrada to run rubber plantation

In an extraordinary general meeting on 21 March, tyre maker Multistrada Arah Sarana changed its articles of association allowing it to enter into the rubber plantation business. As a result the firm expects to cut raw material costs by 10 – 15 per cent.

Multistrada plans to enter the rubber plantation business by acquiring 20,000 – 30,000 hectares of rubber plantation. In addition, the company will reportedly build a rubber processing plant with a 5,000 tonnes per annum capacity. The aforementioned rubber plantation would be equivalent to around 70 per cent of Multistrada's annual natural rubber requirements. The acquisition of necessary land is scheduled for completion during the first half of this year.

14th April 2011/by Tyrepress Editors

Pirelli to raise EMEA prices

New prices for Pirelli products come into effect on June 1; the Italian tyre maker is increasing prices in all EMEA region markets for passenger car, motorcycle, scooter, light industrial and heavy industrial tyres. The increases will be up to six per cent for summer tyres and up to 12 per cent for winter tyres in Europe, and up to ten per cent for all tyres in the Middle East and Africa. Pirelli says the price adjustment is a consequence of the rising cost of key raw materials, in particular natural rubber and oil.

13th April 2011/by Tyrepress Editors

Lanxess establishes Middle East business

German specialty chemicals group Lanxess has founded a dedicated company for the Middle East, Lanxess Middle East GmbH. The company has its offices in Dubai and is being headed up by managing director Elie Saad, who has held a number of positions within the Lanxess group and was most recently the head of the global polymer additives business in within the company’s Functional Chemicals business unit.

12th April 2011/by Tyrepress Editors

Retreader aims to double Kuwaiti retreading market using Ringtread technology

As Tyres & Accessories previously reported, Marangoni Retreading Systems has established operations in Kuwait in partnership with the country’s sole retreader, Al-Zahem Industries. The new Ringtread plant in Kuwait City was inaugurated on March 23 in the presence of local government representatives, the Italian ambassador Enrico Granara, Iraqi ambassador Mohammed Hussein Bahr Al-Ulum, plus members of the media and representatives of numerous transport fleets.

12th April 2011/by Tyrepress Editors