November Archives - Page 20 of 34 - Tyrepress

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New Super Wide from Michelin

Michelin North America added the Michelin X One XDN2 to its super wide line-up. The tyre was unveiled at last week’s Great American Trucking Show in Dallas. The tyre will hit the market with November, MNA said, and replaces the X One XDA-HT Plus.

“This tyre takes the traditional compromise between traction, long-life and fuel efficiency, and throws it out the window,” said Marc Laferriere, vice
president of marketing, Michelin Americas Truck Tires. “By utilizing two different Michelin Durable Technologies, the X One XDN2 tyre delivers
significantly increased tyre life and exceptional, uncompromised traction, complementing the significant fuel efficiency gains of a Michelin X One wide
single tyre.”

The XDN2 tread incorporates Michelin’s Matrix Siping Technology, corrugated grooves in the tread blocks that add rigidity to aid traction and wear, MNA said. The tyre will be available in sizes 445/50R22.5 and 455/55R22.5. (Tire Review/Akron)

27th August 2008/by Tyrepress Editors

Pirelli Joins Price Hike Round

Pirelli Tire North America is increasing prices in the US up to 7 per cent as of November 1. The increase will cover all of Pirelli’s passenger and light truck/SUV lines. (Tire Review/Akron)

15th August 2008/by Tyrepress Editors

Alcoa Offers More Dura-Bright Sizes

Alcoa has decided to offer more wheel sizes in the Dura-Bright finish during the course of 2008. In September: 22.5×13.00 will be released; October 2008: 19.5×14.00 and 22.5×14.00; November will see the introduction of 22.5×7.50 and 22.5×17.00 wheels. Increased demand means 17.5×6.75, 17.5×6.00 and 22.5×15.00 size Dura Bright wheels will be released between the end of 2008 and start of 2009. 19.5×7.50 and 19.5×8.25 were released in July 2008.

14th August 2008/by Tyrepress Editors

Marangoni’s Meteo HPs “Shrug off Winter’s Worst”

Marangoni is urging retailers to plan their winter stock requirements as soon as possible in order to be best prepared for the upcoming season. While the company regards the concept of cold weather tyres as relatively new to the UK market, it still believes that the difference they can make to Winter driving is huge, in terms of control, precision and ultimate safety; all features the company banks upon when attempting to entice new British market customers to make the change come November. Indeed, the company believes that “manufacturers, wholesalers and retailers alike, all have a duty to educate the UK marketplace to the importance of fitting the correct tyres for winter driving conditions… It can be the vital difference between getting home and being stranded.”

Marangoni itself offers, the Meteo HP for UK drivers, which comes in sizes to fit family saloons, performance cars and more recently SUVs, bringing a greater degree safety in the most hazardous driving conditions of the year.

5th August 2008/by Tyrepress Editors

Conti Increases Stake in Continental Matador

Continental has increased its share in Continental Matador Rubber following a July 1 agreement to transfer an additional 15 per cent of Continental Matador shares. Following the transaction the Continental Group holds 66 per cent of shares in Continental Matador Rubber.

3rd July 2008/by Tyrepress Editors

TIA Appoints New Treasurer and Sectretary

At its annual conference between 11 and 13 June, the Tire Industry Association (TIA) elected Tom Formanek as the new Board treasurer, and Michael Berra, Jr. as the new secretary. Both Formanek and Berra will assume their new roles effective 3 November, 2008.

Formanek is the manager of Tire Service Products with Stellar Industries, based in Garner, IA. He has served as a TIA Board member since 2002 and was a Tire Association of North America (TANA) and National Tire Dealer & Retreader Association (NTDRA) Board Member since 1992.

2nd July 2008/by Tyrepress Editors

Yokohama Revises Annual Projections

Yokohama Rubber announced on April 25 that its projections for consolidated net sales and operating income for the fiscal year between April 1, 2007 and March 31, 2008 have been projected upwards. The new projections call for net sales to increase 10.6 per cent over the previous year, to 550 billion yen (£2.65 billion), and for operating income to increase 56.6 per cent to 33 billion yen (£159.22 million). The company also announced a downward revision in its projection for growth in consolidated earnings, with net income now projected to rise 28.3 per cent to 21 billion yen (£101.32 million).

28th April 2008/by Tyrepress Editors

Goodyear Canada Fined for Worker Injury

Goodyear Canada was fined CA$55,000 on April 11 after pleading guilty in connection with a workplace injury that occurred in 2006. Justice Katrina Mulligan heard in the Ontario Court of Justice that the injured employee was working at Goodyear’s Bowmanville facility on November 8, 2006, when the incident occurred. The employee was working on a machine making conveyor belts when he walked into the path of an electronic beam guard that stops the machine’s operation. However, the electronic beam guard failed to prevent the machine from being restarted by an automatic start button. The worker pressed the button and the worker’s arm was drawn into the machine at a pinch point and broken.

17th April 2008/by Tyrepress Editors

B&J Rocket to Announce Competition Winner

B&J Rocket’s unique Pro-Team online competition concludes in May at the ‘Reifen 2008’ trade fair. The campaign started mid-November and the growing image gallery of Retreading Pro Teams worldwide can be viewed in the competition pages under www.bj-rocket.com. In addition to the competition, B&J Rocket will be promoting its wide range of products on its show stand situated in hall 4-308.

9th April 2008/by Tyrepress Editors

Nokian Awards Contract for Russian Factory Enlargement

Nokian Tyres has awarded the contract for constructing an additional extension to its Russian facility near St. Petersburg, with work to commence immediately. According to a company press release the 24,500 square metre construction should be ready by March 2009, with the administration facility completed the following November. Earthmoving work necessary for construction began last November.

8th April 2008/by Tyrepress Editors

Hankook Considering 3 Sites for Next Overseas Plant

Mexico, Russia and Vietnam are reportedly under consideration as potential sites for Hankook Tire’s third facility to be built outside of Korea. A final decision is most likely to be made in the second half of the year, however it appears that Vietnam may be the strongest contender in the running.

Last November chief executive Suh Seung-Hwa said Hankook was considering building another production facility overseas after it completed its Hungarian facility, the next stage of which should be finished in 2010.

13th March 2008/by Tyrepress Editors

Toyo Net Income Muted Despite Healthy Sales

Toyo Tire & Rubber has released details of business performance for the first three quarters of the financial year ending March 31, 2008. Year on year net sales for the nine months ending December 31, 2007 increased 13 per cent to 272,023 million yen (£1.29 billion), and operating income jumped 55.6 per cent over that earned in the equivalent months of 2006 to 12,951 million yen (£61.3 million). Net income shrank year on year, however, down 18.9 per cent to 6,946 million yen (£32.9 million). This overall net income result reflects the costs incurred through Toyo’s “compliance reporting issue” that was made public in mid-November 2007.

19th February 2008/by Tyrepress Editors

Credential Leaves Durham Site, Seeks New Premises

One of the UK’s largest recyclers of end of life tyres, Credential Automotive, is on the move – but stresses that all is “business as usual” for the firm. The recycler’s Durham site was subleased from tyre remoulder C-Tyres, who in turn leased it from Manchester based property developer Jacob Adler. However C-Tyres’ entry into administration last November and the forfeiture notice for non-payment of rent served by Adler (upon C-Tyres) appears to have changed Credential’s position considerably; the factors driving the recycler’s departure are said to be a rent increase combined with a disagreement with the landlord.

Credential is now operating from a temporary location in Birtley while it seeks new premises for its equipment and 15 staff.

13th February 2008/by Tyrepress Editors

Toyo Adds 30 Sizes to Lines

Toyo Tire USA Corp. has added 30 new sizes to its lines of passenger and light truck/SUV tyres, including to its Proxes, Open Country and Versado products. The new sizes are primarily OE fitments and plus sizes for custom wheel/tyre applications, and have been rolled out since November 2007.

The new sizes include:

• Proxes 4 – 275/25R26

• Proxes T1R – 295/25ZR22

11th February 2008/by Tyrepress Editors

Solutia Files Suit Against 3 Banks

On Feburary 6 Solutia Inc. filed a complaint in the US Bankruptcy Court for the Southern District of New York against the three banks that had executed a firm commitment to fund a US$2 billion exit financing package for Solutia, but to date have refused to meet this commitment. These banks are Citigroup Global Markets Inc., Goldman Sachs Credit Partners L.P., and Deutsche Bank Securities Inc.

The supplier of chemicals to the rubber industry is seeking a court order requiring the banks to meet their commitment and fund its exit from bankruptcy. The complaint also asserts that the banks should be stopped from invoking the clause they claim relieves them of their obligation due to their improper conduct and misrepresentations to the company, and further claims that the banks fraudulently induced Solutia to enter into the initial engagement by promising that the financing was firmly committed. Solutia and the banks have agreed that Solutia’s claim to require immediate funding of the $2 billion package should be heard by the Court on an expedited basis, with the trial to conclude by the end of February – prior to the expiration of the banks’ commitment.

8th February 2008/by Tyrepress Editors