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Q&A with Gary Nash, president of Yokohama Tire Mexico

Yokohama Tire Corporation’s (YTC) new Yokohama Tire Mexico (YTMX) subsidiary officially began importing consumer, commercial and off-the-road (OTR) tyres in Mexico on 1 May. Incorporated in Silao, Guanajuato, Mexico, according to the company, YTMX is squarely positioned to give YTC long-term strategic advantages. With this in mind YTMX’s president, Gary Nash, answered questions about what those advantages are, the long-term vision for the company and the positive impact dealers can expect.

31st May 2013/12,345 Comments/by Tyrepress Editors

'Hybrid’ MRT plant opens in Canada

Quebec-based company Groupe Robert Bernard has inaugurated its new retreading plant. The facility, which is the largest of its kind in Canada, was built at a cost of $3 million and is the eighth retreading plant in the country to use Michelin Retread Technologies (MRT). It is the 80th MRT plant to open in North America.

23rd May 2013/12,345 Comments/by Tyrepress Editors

Maxxis: Sales have grown US$2 billion in five years

International News, News

Maxxis International has reported another strong year of growth for the 12 months to January 2013. Results from the last financial year show Maxxis tyre sales figures surpassing US$4.5 billion for the first time, up over $2 billion in the last five years alone. The company reports that despite an adverse global economy and substantial investment in research and development, increased manufacturing capacity, its new academy and latest testing facilities, Maxxis has still succeeded in posting net earnings of well over $1 billion.

20th May 2013/12,345 Comments/by Tyrepress Editors

Grant, MoU to further guayule development

Ever since agricultural-based biomaterials company Yulex Corporation was established, it has been supported by the University of Arizona; indeed, Yulex’s first experimental crops were planted on campus grounds and the university substantially contributed to Yulex's agronomic development successes. Yulex Corporation has now announced it will provide the University of Arizona a US$3 million, five-year grant. This grant focuses on the breeding and agronomic development of Guayule with the aim of producing biorubber for medical, consumer, and industrial applications.

15th May 2013/12,345 Comments/by Tyrepress Editors

Michelin TBR dealers in Ballymena visit

Michelin’s Ballymena, Northern Ireland manufacturing facility has hosted a visit from 27 independent truck and bus tyre dealers. The Michelin Truck Professional (MTP) dealers were invited to see Michelin’s new X MultiWay 3D steer and drive tyres during their manufacture. Guy Heywood, commercial director of Michelin’s truck tyre division, told assembled dealers: “We’re competing in a fiercely competitive market, but one in which we have grown Michelin Group market share by three per cent in the last three years.

14th May 2013/12,345 Comments/by Tyrepress Editors

Michiel Kramer appointed marketing communications manager at Apollo Vredestein

Michiel Kramer (34) was appointed manager of marketing communications and product management at Apollo Vredestein BV on 1 May 2013. He replaces Bandi Vaczi, who has been promoted to head of global marketing communications at Apollo Tyres Ltd. Kramer will lead the teams responsible for Apollo and Vredestein products and brands in Europe and North America.

14th May 2013/12,345 Comments/by Tyrepress Editors

Cooper Tire posts record Q1 profit

Although year-on-year sales were down 12.5 per cent in the first quarter of 2013, Cooper Tire & Rubber nevertheless managed to more than double operating profit and net income during the January to March period. Net sales amounted to US$862 million, a decrease of $123 million compared with the same period a year ago. Operating profit was a first quarter record of $97 million, up 103 per cent from the first quarter of 2012 and 11.2 per cent of net sales. The company reported net income attributable to Cooper Tire & Rubber Company of $0.87 per share, or $56 million, in the first quarter. This is 160 per cent higher than the $22 million, or $0.34 per share, for the same period last year.

13th May 2013/12,345 Comments/by Tyrepress Editors

Yokohama sales and income down over a third, but outlook ‘unchanged’

The Yokohama Rubber Co., Ltd., has reported first quarter net sales of 127.7 billion yen a 5.6 per cent decline compared with the same period in the previous year. Operating income was worse, down 18.1 per cent, to 7.6 billion yen. Meanwhile net income was down 35.7 per cent to 5.6 billion yen. According to the company, the downturn in sales and earnings resulted chiefly from weakening sales of tyres in the Japanese original equipment market and in Yokohama's principal markets overseas.

13th May 2013/12,345 Comments/by Tyrepress Editors

Conti begins new football partnership in US

In addition to continuing its partnership with top North American football league Major League Soccer (MLS) and extending its agreement with the sporting body’s commercial arm Soccer United Marketing (SUM), on 6 May Continental Tire announced a new partnership with U.S. Soccer.

13th May 2013/12,345 Comments/by Tyrepress Editors

Weak tyre, automotive demand weighs on Lanxess in Q1

The earnings posted by chemical company Lanxess in the first quarter of 2013 were lower than the company expected, and it says the weak market environment in the tyre and automotive industries is particularly responsible for this.

10th May 2013/12,345 Comments/by Tyrepress Editors

Toyo completes new Malaysian tyre plant

Toyo Tire & Rubber Co president Akira Nobuki has announced the completion of the company’s new tyre plant in Malaysia (TTM). Toyo is progressing towards a three-region global supply system as outlined in the company’s 2011 mid-term business plan, with factories in North America, Japan and Asia. Toyo’s Asia operations are in a process of expanded motorisation where further growth of demand is expected. Toyo is positioning Asia as a vital strategic market that will provide a boost to its business foundation.

9th May 2013/12,345 Comments/by Tyrepress Editors

Pirelli appoints Mexico head

Pirelli Tire North America executive Tom Gravalos has been named CEO of Pirelli Neumaticos S.A. de C.V. in Mexico (Pirelli Mexico), effective immediately, reports Tire Review. Gravalos was vice president of marketing and OE for Pirelli Tire North America.

9th May 2013/12,345 Comments/by Tyrepress Editors

Bridgestone sales up 9% in Q1

In a quarter punctuated by recovering domestic and US markets, a stagnant and unstable European economy, and slowing economic expansion in Asia, Bridgestone Corporation posted net sales of ¥794.5 billion (£5.2 billion) in the three months from 1 January to 31 March, a year-on-year increase of nine per cent. Operating income amounted to ¥74.4 billion (£483.6 million), 18 per cent higher than in the first quarter of 2012, while operating margin rose 0.7 per cent year-on-year to 9.4 per cent. Ordinary income was up 14 per cent to ¥70.1 billion (£455.6 million), and net income rose two per cent to ¥43.1 billion (£280.1 million).

8th May 2013/12,345 Comments/by Tyrepress Editors

BKT USA names new president

Carl Casalbore has been appointed president of BKT Tires USA, effective 6 May. He replaces Rami Bitran. He is based at the company’s US headquarters in Akron, Ohio and joins BKT from Zafco/ZTI Tires, where he served as vice-president of sales. Casalbore has worked in the tyre industry for more than 30 years and also has sales executive posts with Armstrong Tire, Pirelli Tire North America, Cooper Tire & Rubber and Continental Tire the Americas.

6th May 2013/12,345 Comments/by Tyrepress Editors

Mexico launch for Trelleborg agri range

Trelleborg Wheel Systems has entered into an agreement with off-road tyre wholesaler Neumáticos Muevetierra to supply the Trelleborg agricultural range in the Mexican market. The initial portfolio on offer includes the new Maximo R1 radial range and the TH400 agro-industrial line.

6th May 2013/12,345 Comments/by Tyrepress Editors