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New Exhibition to Help Find Homes for Post-ITC Tyres

Latin Expo Group Ltd., a Panamanian trade group, is organizing a tyre exhibition and conference for Latin American and Caribbean tyre distributors in Panama City, Panama, 8-11 July 2010. Latin American & Caribbean Tyre Expo 2010, will be held at Atlapa Convention Center in Panama City, according to the organizer. Latin Expo reports that it is in the process of organizing a programme of international tyre industry speakers to accompany the exposition, according to a spokesman for the group, who said the group’s vision “is to bring the global manufacturers and suppliers directly to the Latin markets and to get the Latin dealers to those manufacturers in a familiar and inexpensive venue.” 280 exhibitors are said to have signed up so far for a show expected to cover around 85,000 square feet of exhibition space.

12th March 2010/by Tyrepress Editors

After Strong 2009, Hankook Looks to Take it to Another Level

During Hankook Tire America’s recent dealer meeting in the U.S. Virgin Islands, Tire Review had the opportunity to sit down and discuss a wide range of issues with its new president Soo Il Lee, Bill Bainbridge, director of brand communications, and Todd Hershberger, senior vice president of sales and marketing.

12th March 2010/by Tyrepress Editors

Pirelli – 20% More Capacity by end of 2011

During the company’s 2009 full financial year conference call on March 10, Pirelli Tyre CEO Dr. Francesco Gori discussed a number of plans for this and the coming year. “Our strategic guidelines for 2010 confirm our strategic positioning in line with our business plan,” he stated. “And the distinctive strategic features are focused on the strong and truly global brand that made us improve once more our position in the top consumer segments. It selected exposure in emerging markets with a focus on Latin America, where we are clearly number one, the Middle East, Africa and Asia. Our expectation for 2010 is to further improve our revenues in the industrial business by fully exploiting the potentials in those geographies.”

12th March 2010/by Tyrepress Editors

Kumho Launches First US Market Eco-Friendly Tyre

Kumho Tire USA has launched its new eco Solus HM tyre; its first eco-friendly tyre for the US market. Kumho says the all-season tyre is “less impactful on the environment while delivering exceptional performance.” The Korean manufacturer also offers a 100,000-miles tread wear warranty with the tyre: “one of the highest treadwear warranties available from any tyre manufacturer,” Kumho claims. The tyre is available in 23 T-rated sizes covering 13- to 17-inch diameters. (Tire Review)

10th March 2010/by Tyrepress Editors

Lanxess Examining Options for Brazil Retreading Chemical Production

Some 18 million truck and bus tyres are said to be retreaded in North America each year and a further nine million in South America, and to meet growing demand for the raw materials used in retreading both within the region and worldwide, Lanxess’s Performance Butadiene Rubbers (PBR) business unit is “considering the possibility” of manufacturing ESBR-BMB (emulsion styrene-butadiene rubber black masterbatch) in Brazil in the future. Options for doing so at its Triunfo or Caxias production sites are currently being examined.

10th March 2010/by Tyrepress Editors

Conti Looking at Consumer Tyre Price Increases

Speaking to the German language automotive publication Automobilwoche, the head of Continental AG’s Passenger Car Tyre division, Nikolai Setzer, indicated that price rises are impending. Although exact price adjustments will vary from market to market, he said “the increases are expected to be in the vicinity of three to five per cent.”

10th March 2010/by Tyrepress Editors

Toyo US Capacity Expansion May Get Underway in Summer

Following the 2009 completion of an expansion project that doubled Toyo Tire North America Manufacturing’s White, Georgia facility’s physical size to approximately 160,000 square metres, the plant is operating at an annual capacity of 2.5 million tyres. However Toyo says that plans are already in place to install new machinery and expand production capabilities as early as this summer. Output is projected to reach four million tyres by 2012, and Toyo has indicated it will increase the plant’s workforce to accommodate this higher level of production.

9th March 2010/by Tyrepress Editors

Goodyear North America Names Highway Hero Finalists

Goodyear has announced the finalists for its 27th annual Goodyear North America Highway Hero Award. They comprise a Pennsylvania truck driver used his rig as a “roadblock” to stop an out-of-control car; an Arkansas truck driver extinguished a fire and rescued a trapped fellow trucker whose legs were burning after a crash; a Massachusetts truck driver noticed a burning vehicle more than a quarter-mile off the highway on which he was driving, and made an effort to save the unconscious driver; and an Oregon driver who had his own rig struck in a multi-vehicle accident was able to pull one trapped driver from a burning car and contribute to the rescue of two others from another vehicle.

5th March 2010/by Tyrepress Editors

Louisiana Dealer Opens 15th Store

Louisiana’s Delta World Tire Co. opened its 15th retail tyre and automotive service location last month, Tire Review reports. The new location in Biloxi, Mississippi, has eight service bays and a warehouse. In addition to the new Biloxi location, Delta World Tire operates five other Mississippi locations in Pascagoula, Gulfport, Waveland and Picayune, and has nine locations in Louisiana, including Lake Charles, Lafayette, New Iberia, Houma, Kenner, Metairie and New Orleans.

5th March 2010/by Tyrepress Editors

Rebate Promo Launches by Tenneco

Tenneco Inc. has launched a mail-in consumer rebate program to support its Monroe brake brand, reports Tire Review. In the Monroe “Brake 4 Gas” promotion, consumers buying Monroe Ceramics or Dynamics brake pads between 1 April and 31 May will receive rebates of $15 for buying one set and $30 for two sets, Tenneco said.

4th March 2010/by Tyrepress Editors

Yokohama Giving Away Truck Tyres at MATS

At the upcoming Mid-America Trucking Show, Yokohama Tire Corp. plans to give away a few set – 10 wheel positions – of its Zenvironment medium radials, Tire Review reports. Fleet operators and owner operators can register to win the tyres by visiting Yokohama’s booth at the 25-27 March event, slated for the Kentucky Expo Center in Louisville, Kentucky.

3rd March 2010/by Tyrepress Editors

Living and Breathing the Product

During the previous three years Alliance Tire has invested US$300 million in the company’s further development. This sizeable sum has been directed into several key projects. The highest profile of these, of course, has been last December’s acquisition of certain GPX assets, including the Galaxy and Primex OTR tyre brands. A specific focus has also been placed upon Alliance’s principal market of Europe: In December Alliance Tire Europe BV’s new headquarters was opened, and several weeks later Alliance Tire announced the appointment of a new president for the operation, former head of Goodyear industrial, farm and OTR tyre initiatives for the Middle East and Africa region, Manuel Pintado. Recently Tyres & Accessories paid Alliance Tire’s new European headquarters in Halsteren, the Netherlands a visit to hear Mr. Pintado’s views on Alliance’s recent activities and where the company plans to go from here.

3rd March 2010/by Tyrepress Editors

Global Carbon Black Demand to Rise 4.3% a Year till 2013

World carbon black demand is forecast to rise 4.3 per cent per year every year until 2013, according to research published by Bharat Books. The report suggests annual demand will reach 11.6 million metric tonnes in 2013 bolstered by a healthy global rubber market in the same period. 60 per cent of demand is said to come from tyre applications. Carbon black demand from the tyre sector is projected to increase 3.7 per cent a year through 2013 to 6.9 million metric tonnes.

2nd March 2010/by Tyrepress Editors

Cooper Reports $52 million Net Income for 2009

Cooper Tire & Rubber Company returned to profit, reporting net income of $52 million (£34.895 million; 38.439 million euros) for the year compared with losses of $219 million (£147 million; 161.890 million euros) in 2008. Annual sales of $2.8 billion (£1.878 billion; 2.086 billion euros) for 2009, were down 4 per cent from 2008.

2nd March 2010/by Tyrepress Editors

Lanxess Adjusts 2009 Earnings Forecast

German specialty chemicals manufacturer Lanxess AG has adjusted its earnings forecast for the 2009 business year after preliminary unaudited results revealed what it calls a “significantly better than expected” fourth quarter. The company now expects to achieve pre-exceptional EBITA of 450-470 million euros for full year 2009 after previously forecasting 400-420 million euros upon the publication of the third quarter results in November 2009. LANXESS posted EBITDA pre-exceptionals of 721 million euros in 2008.

1st March 2010/by Tyrepress Editors