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Bandag Sold to Bridgestone for $1 billion

After several attempts they have now finally succeeded: Bandag Corporation heir, Martin Carver, has sold his and his mother’s majority stake in the company to Japanese tyre giant Bridgestone. It was probably high time for the American retreading specialist to make such a move, as in recent years they have been operating in a seemingly unfavourable environment. If Bridgestone had also chosen to go down the same path as Goodyear and Michelin, establishing its own equity retreading businesses, Bandag’s market environment could have been set to become even more unfavourable.

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7th December 2006/by Tyrepress Editors

New Truck Tyres from Evergreen Global

Singaporean wholesaler Evergreen Global has announced the extension of its United brand truck and bus radial range. Produced in what the company describes as a “premium manufacturing plant” in China, the products have reportedly increased in popularity in the European markets because of their consistency and quality and performance.
“These Tyres prove their durability even in the extreme conditions of the Middle East and Africa,” company representatives told Tyres & Accessories, adding: “Evergreen is keen to increase its presence in the European markets and looks forward to having new partners.”

28th November 2006/by Tyrepress Editors

Bridgestone Expands Aircraft Retreading Plant

Bridgestone Aircraft Tire (Europe) sa/nv in Frameries is expanding capacity to keep pace with increased aircraft production worldwide from Airbus and Boeing. A reinvigorated European aviation market and soaring demand from new and existing Middle Eastern fleets is a major influence in projected growth. According to the company, Bridgestone Aircraft Tire (Europe) is market leader with a share of around 50 per cent. “So far we have retreaded some 2 million tyres which is equal to the tyre supply of Lufthansa Airlines for some 120 years,” company representatives told Tyres & Accessories.

22nd November 2006/by Tyrepress Editors

Deal Orientated Distributor – Zisser Tire

Zisser Tire Wholesale (ZTW) is an international specialist in the ultra high performance tyre market, offering most major brands as well as several exclusive lines. Zisser acts as both buyer and seller, with many of the newest and hard to find uhp sizes in stock and available for immediate shipment. Current markets served include Asia, Australia, Europe, Latin America, the Middle East, North and South America and over half a million high performance tyres are available for delivery.

21st November 2006/by Tyrepress Editors

Goodyear Achieves Record Sales in Third Quarter

The Goodyear Tire & Rubber Company today reported third quarter sales of $5.3 billion, a record for any quarter and a 6 per cent improvement compared to the year-ago period excluding the impact of businesses divested in 2005, and despite the strategic decision to exit certain segments of the private label tyre business in North America.

Third quarter 2006 sales were driven by improved pricing and product mix, particularly in North American Tire, and the favourable impact of currency translation, estimated at $77 million. All five of the company’s tyre businesses achieved sales that were a record for any quarter.

9th November 2006/by Tyrepress Editors

Gajah Tunggal Makes Middle East Contingency Plans

Gajah Tunggal is said to be making contingency plans to switch its Middle East export activity away from Egypt to other Middle East countries. This will be carried out if the accusation by the Egyptian government that this Indonesian tyre producer is guilty of dumping is proved.

19th October 2006/by Tyrepress Editors

Gajah Tunggal “Asia’s Best Managed Company in Indonesia”

Euromoney recently named PT Gajah Tunggal Tbk as “Asia’s Best Managed Company in Indonesia”. The award was presented to Christopher Chan, president and director of Gajah Tunggal by Neil Osborn, managing director Euromoney PLC as part of the Euromoney Awards event in Singapore on 18 September.

This recognition will serve to motivate the management of Gajah Tunggal to enhance its performance going forward, Christopher Chan remarked. “We take this Award not as an end but as an encouragement to continue our quest to rebuild Gajah Tunggal to be the blue chip company that it can and should. We also have to thank the Global Capital Market in general which contributed to our drive to bring a higher level of management to this company.”

11th October 2006/by Tyrepress Editors

Sibur Launches First All-Steel TBR

Sibur Russian Tyres Holding (SRT) has launched the first all-steel truck radial tyre made in Russia. Tubeless truck radials (branded TyRex) were recently produced at one of the company’s tyre plants and are reportedly fitted to MAN, Volvo, Scania, MAZ, KamAZ vehicles. Sibur is planning to reach 370,000 units per year in all-steel truck tyre production. About 30 per cent will be exported. There are already said to be potential clients among leading distributors in Eastern and Western Europe. Increasing demand is expected from the Middle East and Northern Africa.

26th September 2006/by Tyrepress Editors

New Arnco Europe Management

Due to their success in building a global market for Arnco flat proofing products for off-road vehicles, Matt Pearson has been promoted to managing director of Arnco Europe and Andrew Elliot has been named as director of sales for Asia. The appointments were announced by Arnco president, Larry Carapellotti, who added that the tireless effort of both individuals has helped Arnco Europe achieve record breaking sales for the last several years.

11th September 2006/by Tyrepress Editors

Toyo Expands Middle Eastern Coverage

Toyo and its exclusive Qatar distributor, AlMuftah Trading, have plans to open two more sales outlets (at Wakrah and Al Khor, Qatar) next year. AlMuftah Trading has been Toyo’s exclusive Qatar distributor since 1968. It already has four outlets in Doha now dealing with Toyo tyres at Airport Road, Salwa and Industrial Area (two).

11th September 2006/by Tyrepress Editors

Middle East Tyre Dealer Uses TireWare POS System

(Akron/Tire Review) Red Cap Total Car Care, reportedly the largest tyre dealer and service centre dealer in the Middle East, has implemented a point-of-sale (POS) solution from TireWare Inc. across its chain of retail stores. Red Cap, headquartered in Saudi Arabia, is a division of the Tamimi Group.

28th August 2006/by Tyrepress Editors

SRI Increases Prices

SRI Tire Trading Ltd., the tyre export wing of the Sumitomo Rubber’ Group, will increase the prices of the company’s Dunlop, Falken and Sumitomo brands in Asia, the Near and Middle East, North America, Central and South America, Africa and Pacific nations. In Europe the price of Falken and Sumitomo brand passenger car, light truck, truck and bus and motorcycle tyres will also increase. The price hikes are expected to take place at the beginning in September and will be in the range of 5 to 10 per cent.

22nd August 2006/by Tyrepress Editors

Midas Mileage Awarded Star Export House Status

General Rubbers, the manufacturer of Midas brand of tyre retreading materials, has recently been certified as a Star Export House by the Ministry of Trade and Finance. This was in recognition of the excellent growth in sales of its products in international markets over the past few years.

11th August 2006/by Tyrepress Editors

Motorcyclist Magazine selects Dunlop Qualifier as Best New Product

Motorcyclist, the US-based magazine for motorbike enthusiasts, has announced that the Dunlop Qualifier, Dunlop’s latest motorcycle tyre designed specifically for supersport and hypersport motorcycles, has been named the Best New Product of 2006. “When we first sampled Dunlop’s excellent new Qualifier sport radials late last year, we figured we might have our Best New Product nailed down early,” said Mitch Boehm, Motorcyclist editor.

4th August 2006/by Tyrepress Editors

Varga Trading Gets ISO 9001:2000 Accreditation

Dubai-based Varga Trading co LLC has received ISO 9001:2000 accreditation. The 29-year-old company is said to have applied for the accreditation as part of its plans to be become a large scale tyre ditstributor.

31st July 2006/by Tyrepress Editors