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Hankook Tire Reports Record Sales and Operating Profits in 2009

Hankook Tire has reported record global sales and operating profits of 4.8 trillion (£2.604 billion; 2.985 billion euros) and 549.3 billion won respctively. In the period global sales grew 18 per cent year-on-year, while operating profits shot up nearly five-fold (2008: 114.2 billion won), despite the global recession. 2009 also saw the company’s European production centre in Racalmas, Hungary turn a profit after sales shot up 55 per cent year-on-year (see table). Now the company’s management has raised the bar for 2010 with a global sales target to exceed 5 trillion won (£2.717 billion; 3.109 billion euros) for the first time in its history.

19th January 2010/by Tyrepress Editors

Automechanika Middle East Organiser Announces New Appointments

The organiser of Automechanika Middle East, Epoc Messe Frankfurt GmbH, has announced two new appointments. The long-term manager for Automechanika Middle East, Mr Michael Dehn, is taking on the position of group exhibitions director at Epoc Messe Frankfurt. Dehn has been running Automechanika Middle East from its inception in 2003. He has overseen the growth of the exhibition from one Hall and 119 exhibitors in 2003 to its current position with eight halls and 958 exhibitors. In his new position, Dehn will oversee the operational success and strategic planning for Automechanika Middle East, Beautyworld Middle East and Materials Handling Middle East. He will also oversee the launch of the three recently announced shows for Epoc Messe, Frankfurt, namely Paperworld Middle East, Playworld Middle East and Festivalworld Middle East.

19th January 2010/by Tyrepress Editors

Despite Factory Plans, Indonesian Tyre Makers Remain Confident on Egypt Exports

Indonesian tyre exports hold a market share of around 30 per cent in Egypt, and according to the Jakarta Post, tyre makers have retained their confidence about this market despite the announcement of plans late last year to refurbish an idle plant their and turn it into the Middle East’s largest tyre manufacturer.

18th January 2010/by Tyrepress Editors

CEAT Opens Dubai Office

In order to best meet growing demand for its tyres in the Middle East region, Indian manufacturer CEAT has established a new Dubai office. The operation is to be headed up by Pawan Rana.

15th January 2010/by Tyrepress Editors

Iran to Invest $440 million in Tyre Factory

Irans’s Industrial Development and Renovation Organization (IDRO) has reportedly earmarked $440 million dollars for the construction of a tyre factory in the country’s western Kordestan province. According to a report in the Tehran Times, the goal ultimate goal is for Iran to become self-sufficient in terms of tyre production.

14th January 2010/by Tyrepress Editors

Alliance Appoints Former Goodyear Exec

Alliance Tire Group has appointed Manuel Pintado as president of Alliance Tire Europe BV. Pintado, who joins Alliance after previously heading industrial, farm and OTR tyre initiatives for Goodyear’s Europe Middle East and Africa region. Prior to this, Pintado held management positions in the Earthmover tyre segment across Europe and Latin America.

"With the commissioning of our India facility and the acquisition of the Galaxy and Primex brands during 2009, the Alliance Tire Group is well positioned to emerge as a leader in the Global Off-Highway tyre industry; Manuel's appointment is another important step in this direction and we are sure the Group will benefit immensely from his leadership in Europe, which has been historically the most important market for the Group " said Yogesh Mahansaria, CEO of the Alliance Tire Group, welcoming him to the company.

14th January 2010/by Tyrepress Editors

Dubai Taxi Signs 9 million dirham Tyre Deal with Al Dobowi

Dubai Taxi Corporation (DTC) and the local Roads & Transport Authority (RTA) recently signed a contract with Al Dobowi Tyre to supply Hankook tyres to its fleet for two years in a deal worth 9 million dirhams (£1.525 million; 1.703 million euros; US$2.450 million). The contract was signed by DTC CEO Abdul Aziz Malik and Al Dobowi CEO Harjeev Singh Kandhari, in the presence of several directors and executives from both parties.

Al Dobowi was selected following a public tender attracting participation from several tyre specialist companies from across the globe. However, following analysis of offers made, Al Dobowi was nominated for submitting the best offer of 8,878,608 UAW dirhams. “…the company has a good record of experience and reputation in the field of tyres" commented Abdul Aziz Malik.

8th January 2010/by Tyrepress Editors

Egypt to Support Tyre Exports With New Plant

International News, News

Egypt is planning to establish a new passenger car tyre factory at a cost of 600 million Egyptian pounds. The state news agency MENA reports the plant will be built in El-Amerya, west of Alexandria, and will be ready to start production in two years. According to MENA, the factory’s annual capacity will be one and a half million units.

21st December 2009/by Tyrepress Editors

Reifen China 2010 Exhibitors Examine Post ITC Options

The third Reifen China exhibition, held in Shanghai between 11 and 13 November 2009, hosted 6,693 visitors (1,333 international visitors) during the show’s three days. These were welcomed to the show by exhibitors mainly from the world's largest production market. In addition to the wide variety of Chinese and international tyre manufacturers and traders at the show, the 2009 event featured an increased number of retreading equipment and consumables companies (such as tyre valve suppliers) over previous years.

18th December 2009/by Tyrepress Editors

Cooper Asia Pacific Marketing Push Aims to Increase Domestic Sales

Whether the attention Cooper Tire & Rubber Co., Asia Pacific gained at Reifen China was a result of the tyres on display or the bus loads of dancers performing on the exhibition stand each hour, you cannot ignore that the company has embarked on a slick and high profile marketing campaign and is increasingly making an impact on the domestic Chinese market in both the passenger car and truck tyre sectors. With this in mind, Tyres & Accessories interviewed vice president and general manager Asia operations, Allen Tsaur, and senior PR manager Jojo Tang.

Cooper’s ongoing region-specific marketing push aims to invest in the future of China’s fast growing automotive business by reaching more consumers and particularly the young driver audience. Car ownership in general has shot up in recent years, but Tang reports that ownership in the 23 – 35 age group has “boomed.” And this explains the “Charlie’s Angels” meets “Kill Bill” styling of the Cooper Angels customer-facing marketing concept.

15th December 2009/by Tyrepress Editors

Yokohama to Unleash ‘Samurai’ at Dubai Motor Show

Yokohama Rubber has announced its participation in the Dubai International Motor Show 2009, which will run from December 15, Tuesday, through December 20, Sunday. A key product on display at the show will be Yokohama’s new “Advan dB”, which will be launched in Asian markets in July. The company says it will also exhibit “as reference products” a number of its latest offerings that have not been released in the Middle East market. A new corporate visual theme – "Samurai" – will also be unveiled for overseas markets during the show.

11th December 2009/by Tyrepress Editors

Al Saeedi Group Receives ISO 9001:2008 Certification

Al Saeedi Middle East FZCO and Al Saeedi Automotive Trading Co, Dubai have received ISO 9001:2008 certification for quality management. They were earlier certified as an ISO 9001:2000 company in year 2005. The Group states that the certificate acknowledges the company’s quality management system based on the process approach, which aims to enhance customer satisfaction by meeting and exceeding customer requirements. The company is the sole distributor of Solideal (solid, pneumatic and industrial tyres) Aufine truck and bus tyres, Maitech off-road radials, Schrader products, Neuton passenger car tyres, and Sicam Tyre equipment.

9th December 2009/by Tyrepress Editors

Goodyear EfficientGrip OE on Electric Renault Fluence

The prototype tyre containing the BioIsoprene technology developed by Goodyear and Genencor is gaining much attention at the United Nations Climate Change Conference in Copenhagen, yet Goodyear points out that products it has already made available to consumers are also represented at the high profile event. The tyre major notes that journalists covering the conference are being transported around the Danish capital in a pre-production example of the electric-powered Renault Fluence Z.E. fitted with its EfficientGrip tyres.

9th December 2009/by Tyrepress Editors

Delforge Takes Over as Goodyear Dunlop EMEA Communications Director

Goodyear Dunlop Tires Europe has reported the recent appointment of a new communications director for its Europe, Middle East and Africa (EMEA) region. According to EMEA region president Arthur De Bok, Belgian Tom Delforge began in the role on September 1, replacing Chris Aked, who has retired.

27th November 2009/by Tyrepress Editors

Goodyear Europe Appoints New Truck Tyre Technology Director

Henk van Tuyl has been appointed director of Goodyear Dunlop Tires’ Tire Technology Commercial Tires – Europe Middle East and Africa division. Van Tuyl, who is originally from the Netherlands, has worked for the company for more than 21 years and took up his new post on October 1.

25th November 2009/by Tyrepress Editors