Middle East Archives - Page 5 of 39

Goodyear posts Q1 results, confirms targets

While Goodyear Tire & Rubber has expressed satisfaction with the US$373 segment operating income earned in the first quarter of 2014, chairman and CEO Richard Kramer acknowledged the effect of ‘headwinds’ in emerging markets during the three-month period, particularly the impact of Venezuela on the company’s Latin America business. Segment operating income was up 24 per cent year-on-year and had a margin of 8.3 per cent; this is the fourth consecutive quarter where SOI margin has exceeded eight per cent.

30th April 2014/by Tyrepress Editors

Dunlop Aircraft Tyres appoints EMEA general sales manager

Career Tracks

Birmingham aviation tyre manufacturer Dunlop Aircraft Tyres expanded its team earlier in the year with the appointment of Patrice Moreau as general sales manager for Europe, the Middle East and Africa. Reporting to sales and marketing director David Skepper, Moreau joins with more than 19 years’ experience in commercial and business aviation.

25th April 2014/by Andrew

Toyo Tires becomes AC Milan premium sponsor

An agreement concluded today between Toyo Tire & Rubber and Associazione Calcio Milan – AC Milan – gives the Japanese tyre maker Premium Sponsor status with the football club until June 2016. Toyo says the sponsorship deal will influence its global branding content and help the company to “more clearly bring out the potential premium image of the products we offer.” It anticipates “significant” medium-term advantages will result from the partnership in Europe and Asia, and in two regions where Toyo is “contemplating market expansion” – the Middle East and Russia.

11th April 2014/by Tyrepress Editors

Full Zeetex tyre range launched for EMEA dealers in Thailand

Product News

Following on from their European launch in February, the new series of Zeetex brand passenger car, 4×4 and light commercial tyres have been presented to 40 Africa, Middle East and ASEAN dealers. The six new models offer better road-handling and traction while delivering longer mileages, according to Zeetex distributor ZafcoTrading, and were unveiled on 20 […]

31st March 2014/by Andrew

Urbanising Kuwait fuels continued imported passenger car tyre demand

International News

Kuwait’s high rate of urbanisation and purchasing power will lead to continued opportunities for imported passenger car tyres, a new report on the country’s automotive segment has revealed. With about 95 per cent of the country’s population residing in urban areas, and private car demand rising, imported PCR tyres have led tyre demand, though the TechSci Research report also suggests that commercial vehicle demand could follow increased mining and oil drilling investments.

26th March 2014/by Andrew

Singex: Tyrexpo Africa 2014 ended on a high

International News

Tyrexpo Africa 2014’s organisers Singex are describing the show as a success, saying “it lived up to its reputation once again as the major tyre event of the year on the African continent”. According to the company, the show – held from 4 to 6 March at the Sandton Convention Centre in Johannesburg, South Africa – showcased “the widest selection of new brands of leading South African and international manufacturers” and featured 134 exhibitors and welcomed about 1,200 visitors from 17 African and international countries.

20th March 2014/by Tyrepress Editors

De Bok leaves Goodyear

Career Tracks

As of the start of this month, Arthur de Bok is no longer with Goodyear. De Bok stepped down as senior vice-president – Sales and Marketing Excellence at Goodyear Tire & Rubber on 28 February. He took on this role on 1 December 2013. Prior to this most recent role, de Bok was president of the tyre maker’s EMEA (Europe, Middle East and Africa) business unit, a position he held since February 2008, and before that was president of the company’s European Union business. De Bok joined Goodyear in January 2002, taking on the role of vice-president of Goodyear-Dunlop Europe.

4th March 2014/by Tyrepress Editors

Pirelli presents F1 tyre range as final pre-season test gets underway in Bahrain

Motorsport, Premium

Pirelli has detailed the characteristics of its Formula One tyre 2014 specification as teams begin their final four day preseason test in Bahrain. The compounds and construction have generally been made stiffer across the range, while the Cinturato Blue wet tyre has increased its water dispersal by five litres per second.

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27th February 2014/by Andrew

Apollo entering Qatar tyre market

International News

Apollo Tyres has announced plans to enter the growing Qatar tyre market in the Middle East region. According to the company, the market entry was marked with a product introduction to the Business Partners in Qatar, in the presence of Indian Ambassador to Qatar, H E Shri Sanjeev Arora, late evening yesterday.

27th February 2014/by Tyrepress Editors

Michelin considering Iranian tyre market

International News

Michelin is considering the option of resuming exports of its car and truck tyres to Iran after international sanctions are lifted. According to a report in the Wall Street Journal dated 11 February, Michelin was amongst 100 French company executives that visited Tehran in early February to assess the business opportunities.

26th February 2014/by Tyrepress Editors

New Sailun Vietnam tyre factory on line, employing 850

International News

Sailun’s Vietnam factory, its first manufacturing facility outside China, is now fully online having opened officially opened on 30 November. The factory is currently expected to supply 7.8 million tyres annually to the Middle East, South East Asia and South America, employing 850 people.

20th February 2014/by Andrew

Goodyear reports 27% increase in 2013 operating income

Company News

Goodyear Tire & Rubber Co. has reported full-year 2013 annual sales of US$19.5 billion, down 7 per cent from 2012. However, operating income was up 27 per cent compared with 2012 at $1.6 billion. Reference to the news that Sumitomo and Goodyear are looking to end their international joint ventures were noticeable by their absence from the official results reports. The company reported that it generated more than $1 billion of free cash flow from operations, resulting from higher net income and a $415 million benefit from working capital.

13th February 2014/by Tyrepress Editors

Report: Passenger car tyres dominate Iran with 70% market share

International News

According to the recently published report by TechSci Research “Iran Tyre Market Forecast & Opportunities, 2018”, the tyre industry in Iran is projected to grow at a CAGR of around 7 per cent during 2013-18, in revenue terms, as a result of continuous increase in tyre demand from OEMs and replacement market. One of the major reasons for growing OEM demand can be attributed to the fact that more than 50 per cent of the total fleet of automobiles in Iran is over 25 years of age. Furthermore passenger car tyre sales are already dominant in Iran, with a market share estimated at 70 per cent.

11th February 2014/by Tyrepress Editors

Cooper Tire Europe sponsoring Arsenal

Company News, Premium, UK News

Cooper Tire Europe has announced that it is sponsoring Arsenal Football Club in a multi-year deal. The partnership, which will begin before the start of the 2014/15 season, will see the Melksham-based tyre manufacturer become an official partner to the north London club. The exclusive sponsorship designates the Cooper brand as the first “Official Tyre of Arsenal Football Club” for Europe, Russia, Middle East, South Africa and selected north African countries and links the company’s passion for performance to football through the development of various advertising campaigns, consumer marketing programmes and promotions. No details of how much has been invested in the partnership have been revealed.

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11th February 2014/by Tyrepress Editors

RNF Digital and Bridgestone report app success

UK News

RNF Digital and Bridgestone are reporting that their Firestone Tyre Pressure Calculator and Bridgestone Challenge apps re delivering impressive results since being launched a couple of years ago (the Firestone app is aimed at farmers and agricultural contractors and the Bridgestone Challenge was developed for use by Bridgestone’s sales teams in assisting customers and helping to land new contracts).

29th January 2014/by Tyrepress Editors

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