Panama Archives - Page 2 of 3

Interstate’s Chinese Business Growing Fast

Between 27 and 27 November 2010, Interstate Tire & Rubber Co. hosted its augural Chinese Interstate distributor meeting at Nantong, China. Tyres & Accessories met up with vice president Theo de Vries and learnt that the company’s products, which are well-known in Europe, are gaining increased distribution in the Chinese domestic market.

Interstate’s first dealer meeting saw the company bring together more than 120 local Interstate distributors at the Grand International Hotel, Nantong. Distributors reportedly came from all over China and flew in from all several provinces across China -from the nearby Jiangsu to the remote Yunnan province. With Wholesale operations across all China and retail operations in the provinces of Jiangsu, Shanghai and Shandong, there is every indication that Interstate China is continuing to grow rapidly. For 2011 the company’s ambitious goal is to open 12 more retails outlets and increase sales by more than 40 per cent.

6th December 2010/by Tyrepress Editors

MAI Hails Panama Show ‘A Great Success’

News

Following its appearance at Reifen 2010 in Essen and, just four weeks later, Italian radial OTR tyre manufacturer MAI International took part in the Latin American & Caribbean Tyre Expo, held on the other side of the world in Panama City. MAI Group CEO Ian Thomas declared the event "a great success", saying: "It was a terrific show for us and proved an ideal showcase for our MAXAM range of OTR tyres."

He went on: "This is the first time we have exhibited at a show in this region and, not only was there a lot of interest shown in our products, but we did some very good business and took a number of firm orders for tyres."

20th July 2010/by Tyrepress Editors

Interstate to Share Brityrex Stand with Armagh Tyres

News

Armagh Tyres is to share a stand with Dutch-based firm Interstate at Brityrex International, at Manchester Central (formerly the GMEX) in October. Interstate vice president Theo de Vries, said: “We are delighted to be exhibiting a Brityrex and will be working closely with our colleagues from Armagh Tyres. In particular we will be focussing on the brand new Interstate ECO Tour Plus tyre and our expanded Ultra High Performance range.”

Speaking to Tyres & Accessories earlier this year, company representatives said Interstate’s current performance was outpacing market growth: “Interstate’s successful execution of its unique marketing strategy has produced units sales growth that has consistently outpaced that of the replacement tyre industry.”

16th July 2010/by Tyrepress Editors

TGI to Promote New Cosmo TBR Range

News

After a challenging 2009, as it was for most all of the industry, this year US-based wholesale tyre distribution operation, Tire Group International, Inc (TGI) is reportedly increased year-on-year sales and plans to market its new Cosmo brand truck and bus radial range at the Reifen show.

“2009 was a tough year in the industry. We faced many challenges, from the global shortage of supply, financial crisis, and new duties on Chinese imports to the US. At TGI we are proud to say that through this maelstrom, we continued to grow stronger. The company grew 6.5 per cent from 2008 to 2009, which is quite an accomplishment with the aforementioned challenges,” chief operating officer Joaquin Gonzalez Jr. told Tyres & Accessories.

30th April 2010/by Tyrepress Editors

Interstate “Outpacing the Replacement Market”

News

Founded in 1972, Interstate Tires has expanded to the point that it has developed its own unique range. According to company literature, Interstate’s “successful execution of its unique marketing strategy has produced units sales growth that has consistently outpaced that of the replacement tyre industry.” With worldwide distribution and warehouses in Europe and Asia, Interstate ships to every major port and offer reportedly offers “great logistic service to…customers.”

7th April 2010/by Tyrepress Editors

Interstate Tires Participates in Latin Tyre Expo in Panama

News

Interstate Tire & Rubber has announced that it will participate in the Latin American & Caribbean Tyre Expo, which is scheduled to be held between 8 and 11 July 2010 at the Atlapa Convention Centre in Panama City, Panama. Interstate Tires reports that it will display its latest products on stand 694 during this show, launching the brand new Interstate Eco Tour Plus tyre and the company’s new commercial range to the Latin American and Caribbean markets.

7th April 2010/by Tyrepress Editors

New Exhibition to Help Find Homes for Post-ITC Tyres

News

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

Pirelli Announces Further $100 Million Investment for Brazil, Latin America

Career Tracks

Worldwide, Pirelli anticipates its specialised tyre segment to expand a total of 7.5 per cent over the next three years, and growth in Latin America and particularly Brazil is expected to be far stronger. The Italian manufacturer estimates sales of for construction, digging and mining vehicle tyres in these two markets to increase by 25 per cent and 37 per cent respectively, and to accommodate this development the Pirelli Group has announced plans to invest US$100 million in its Latin America specialised tyre operations. Strengthened by this injection of funds, Pirelli intends to recommence the global export of these products from the region as of 2011.

11th November 2009/by Tyrepress Editors

Kal Tire Buys Majority Stake in OTR Tyres

News

Kal Tire of Canada has bought a majority stake in Alfreton, Derbyshire-based OTR Tyres, creating the world’s first Global Earthmover Tyre Service company. This means the company will two companies will be rebranded under one name at some point in the future. This means “a gradual migration to a new brand over time.” OTR’s Alfreton head office will continue to be an administrative hub for the various OTR businesses.

12th October 2009/by Tyrepress Editors

TGI Opens New Panama Office

Product News

Tire Group International (TGI) has opened a new sales office in Panama City, Panama. Heading the new office will be Augusto Terracciano. Mr. Terracciano comes to TGI with a vast knowledge of the local Panamanian market and a background in international commerce; two essential elements to be successful in a country that is a crossroads for international trade.

“Establishing a local presence in Panama at this time fits into our growth strategy. Panama is a country that is experiencing a construction boom in addition to the current Panama Canal expansion project. This makes Panama a country where TGI wants to be involved. There is also the future opportunity of opening a distribution centre in the free zone area, this can only further enhance TGI’s distribution capabilities in the region,” said Tony Gonzalez, Tire Group International’s Chief Executive Officer.

16th May 2008/by Tyrepress Editors

Vipal to Open Distribution Centre in Hamburg

Product News

Vipal Europe is to establish a new distribution centre in Hamburg, Germany. According to the company Vipal Europe’s market share has been substantially increasing in recent years, forcing the company to revise its earlier targets for 2008. Establishing a strong presence has been Vipal’s main concern, hence the decision to set-up the new warehouse. “We believe in the European Market and we are ready to attend all of its needs: quality, competitiveness, logistics and service”, said Leandro Rigon, International Business Manager of Borrachas Vipal.

The announcement comes after Leandro Rigon visited the Vipal Europe team in March to communicate the company’s new Europe strategy. Following board approval for European retreading market ‘macro strategies’ in October 2007, Rigon explained what Vipal Europe needs to do to become “one of the largest suppliers of tyre repair and retread products in Europe.”

16th April 2008/by Tyrepress Editors

Vipal: Aiming for the Top Three

Product News

Already represented in more than 90 countries, 2006 saw Borrachas Vipal’s exports grow roughly 30 per cent as the retreading materials and repair company took steps to increase its presence in the main European markets. Going forward, Vipal’s willingness to utilise its strong production capacity should not be underestimated. Early indications are the Brazilian company is making headway in its plans to become a top-three player in the European retreading materials market.

The Brazilian retread market, the second largest in the world, covers approximately 8.5 million units, 90 per cent of which are cold retreads. Here, on home turf, Vipal controls a commanding lead in terms of market share, holding roughly 43 per cent. Such a figure is streets ahead of the well-known European market leaders’ South American subsidiaries (Marangoni do Brasil, for example, has a market share of around 6 per cent).

25th May 2007/by Tyrepress Editors

Nexen Takes it Up a Gear

Premium, Product News

No expense was spared when it came to the construction and presentation of the Nexen stand – both signs that Nexen wants to be to seen to be taking its image “up a gear.” Tyres & Accessories met with managing director, David Sul, and found out about the sales growth that is propelling the company’s promotional drive.

The scale of Nexen’s Essen stand, placed near the centre of Hall 3, was probably the most surprising thing about the exhibit. Not only was it just seconds away from most of the premium manufacturers, but the large stand featured a Nexen-shod Ferrari 430 Spider – a move that can only be interpreted as a suggestion that the company has increasingly high aspirations.
(Interestingly Hankook’s stand also featured a Ferrari 430)

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26th June 2006/by Tyrepress Editors

Nexen to Build Chinese Plant

Product News

Nexen is to break ground on the building of its new Chinese tyre factory on 12 May. The site, situated in Qingdao is expected to begin production by early 2008. The new plant will have a capacity around 5 million units and will increase the company’s total capacity to 20 million tyres. Nexen is reported to have budgeted $80 million dollars for the plant.

11th May 2006/by Tyrepress Editors

Roadstone Hits the Market

Product News

Korean manufacturer Nexen Tire has strengthened its UK presence by launching its Roadstone brand on the market. This will be exclusively distributed across the UK by award winning wholesaler BITS. Roadstone has been available in the Republic of Ireland through Phillip White tyres since November. The news that Nexen’s Roadstone brand was coming to the UK follows that company’s decision to open a London office at the end of 2005. Tyres & Accessories interviewed Nexen managing director, David Sul, Frankfurt office manager, Anthony Han and new London office manager Bong Lee at BITS’ head office in Bristol.

2nd March 2006/by Tyrepress Editors

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