November Archives - Page 7 of 34 - Tyrepress

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Tractamotors celebrates 25 years with Hankook in Ireland

In November, Hankook Tyre UK marks quarter of a century of working in partnership with Irish tyre wholesaler Tractamotors Ltd. At a commemorative event organised for Tractamotors, Hankook Tyre UK managing director Tony Lee stated “it gives us great pleasure to celebrate such a successful and highly valued partnership with Tractamotors. Broth brands have grown considerably over the past 25 years and we hope that our partnership will go from strength to strength in the years to come.”

23rd November 2011/by Tyrepress Editors

Avon centenary show bike shod with new 3D Ultra tyres

Motorcycle Live is on at the NEC in Birmingham until 27 November, and amongst the plethora of moto-related sights at the show is Avon Tyres’ one-off show bike, built especially to mark the company’s centenary of motorcycle tyre manufacture. Avon says that the Yamaha YZF-R6, which can be found on the Speedycom stand, has been treated to a list of mouth-watering aftermarket parts including an EK chain and sprocket kit, Mivv exhaust, Pazzo levers, Hel brake lines, R&G Racing tail tidy, flush-fit diamond indicators and integrated rear indicators, Bonamici rear set footpegs, double-bubble screen, carbon fibre rear hugger, front fender and fuel-tank protector. In addition, the bike will provide visitors to the show with a first look at Avon’s new 3D Ultra Supersport tyre, part of a new range to be launched early in 2012.

22nd November 2011/by Tyrepress Editors

Cooper, union negotiations ‘getting intense’

Unionised workers at Cooper Tire & Rubber’s Findlay plant in the US state of Ohio remain on the job, even as its leadership continues contract negotiations. Ohio-based industry publication Tire Review reports that workers represented by the United Steelworkers’ Local 207have been working for three weeks without a contract as the two sides continue negotiations – and these negotiations have been described as “getting intense.”

22nd November 2011/by Tyrepress Editors

CZ Tire Holdings to acquire 26% Hangzhou Zhongce share

On 21 November, Hong Kong-based Bermuda corporation China Enterprises Limited announced it has entered into a definitive agreement to sell its share in tyre maker Hangzhou Zhongce Rubber Company to a company called CZ Tire Holdings Limited. According to China Enterprises, CZ Tire Holdings will pay RMB 600,000,000 (£59.6 million) for the 26 per cent share in Hangzhou Zhongce.

21st November 2011/by Tyrepress Editors

Year 29 – Yokohama gears up for Macau GP

For the 29th consecutive year, Yokohama Rubber will serve as sole tyre supplier for the Macau Grand Prix. This Formula 3 event, being held for the 58th time, gets underway tomorrow and runs until November 20. Yokohama will also again be the exclusive tyre supplier in the culminating event of 2011 FIA World Touring Car Championship, a race taking place in Macau in conjunction with the Macau Grand Prix. The weekend’s racing events will also include a touring car race for local drivers and a motorcycle race.

16th November 2011/by Tyrepress Editors

GKN Wheels sale on the horizon?

The company itself has made no public comment, yet according to an article published by The Telegraph last week, Redditch-based company GKN plc is making plans to sell its Wheels division for approximately £130 million. According to the publication’s November 8 article, GKN recently appointed corporate advisory firm Gleacher Shacklock to work on the deal.

14th November 2011/by Tyrepress Editors

Bosch demos old, new power train tech at RAC Challenge

Bosch has demonstrated some of its oldest and newest automotive technology at the RAC Future Car Challenge and London to Brighton Veteran Car Run. On Saturday 5 November, Bosch showcased its latest split-axle hybrid technology in the Peugeot 3008 HYbrid4, which took part in the 60-mile RAC Future Car Challenge, driven by Rory Reid from CNET; on the next day Peter Fouquet, president of Robert Bosch UK, took part in the London to Brighton Veteran Car Run in a 1904 Mercedes-Simplex touring car, which uses a Bosch magneto and spark plug.

11th November 2011/by Tyrepress Editors

Bridgestone debuts 2012 MotoGP tyres

Bridgestone’s 2012 specification tyres were also debuted at the Valencia circuit at the Official MotoGP Test on 8-9 November. The test was conducted mostly with the new-era 1000cc machines including five Claiming Rule Team (CRT) bikes from BQR Inmotec, BQR FTR, TeamLaglisse and the Grellini Team. Every rider’s tyre allocation comprised only the 2012 tyres, marking the first full usage of the 2012 tyres that Bridgestone have been developing for one year. The manufacturer explained that the tyres have been developed to improve warm-up and operating range. The test was the first time that next year’s rider changes take effect and the 1000cc bikes have been on track at the same time.

9th November 2011/by Tyrepress Editors

Michelin sells Hankook shares for ‘12% discount’

Michelin is said to have sold some 15.2 million of its Hankook Tire shares for 623 billion won (£346.6 million) after announcing its intention to divest its 9.98 per cent stake in the Korean tyre maker. The accepted share price, says Hong Kong-based publication Finance Asia, was 12 per cent lower than the stock’s November 8 close price of 46,650 won per share and far below the indicative price range of 43,000-45,000 won.

9th November 2011/by Tyrepress Editors

Council rejects Envirotyre plant submission

Plans submitted by Envirotyre UK to set up a tyre recycling plant in Sutterton, Lincolnshire have been rejected by Lincolnshire County Council. The Spalding Guardian reported on November 7 that despite recommendations from planning officers that Envirotyre should be granted conditional planning permission, the council’s planning and regulation committee decided to go against their advice. A stated reason for this decision was concerns about fire hazards and contamination of a nearby Anglian Water reservoir.

7th November 2011/by Tyrepress Editors

Trelleborg postpones Capital Markets Day

Trelleborg has decided to postpone its Capital Markets Day, originally scheduled for November 30, 2011, until next year. The company says it will announce a new date for the event at a later stage.

2nd November 2011/by Tyrepress Editors

Pirelli to attract American investors through ADR programme

In order to diversify its shareholder base and attract a greater number of American investors, Pirelli & C. SpA is launching a Level 1 American Depositary Receipt (ADR) programme for the United States market. Pirelli has nominated J.P. Morgan as the depositary bank to manage the ADRs when the programme goes operational; this is expected to occur on or about 2 November 2011. Each Pirelli ADR (CUSIP 724256201) will correspond to one Pirelli & C. SpA ordinary share traded on the Milan stock exchange.

31st October 2011/by Tyrepress Editors

Kumho announces US consumer, commercial price increase

Kumho Tire USA has issued the 99th individual tyre price hike in the US and Canada this year, planning to raise prices by up to 8 per cent on its passenger, light truck/SUV and medium truck radials tyres, reports Tire Review.

28th October 2011/by Tyrepress Editors

Citroën the next car manufacturer to offer winter tyre programme

On the same day as fellow French car manufacturer Peugeot, Citroën has launched its of a new Winter Tyre Programme. The programme includes a free winter vehicle check and storage for the summer tyres at an approved Tyre Hotel.

21st October 2011/by Tyrepress Editors

Price rise for Yokohama’s US consumer tyres

Prices for Yokohama’s consumer tyre products sold in the US will increase by as much as eight per cent as of November 1. Yokohama Tire Corporation director of sales, Shawn Denlein, says the new prices for its passenger, performance and light truck tyres are being introduced due to “the costs of raw materials, energy and transportation remaining at very high levels.”

7th October 2011/by Tyrepress Editors