The Board of Directors of Pirelli & C. S.p.A has announced it will begin its initial public offering for Pirelli Tyre S.p.A on 21 June. Pirelli Tyre S.p.A. gained Borsa Italiana approval for the listing on 12 June 2006. Banca Caboto, Capitalia, Goldman Sachs International, J.P. Morgan Securities, Mediobanca, Merrill Lynch International and Morgan Stanley, will act as Global Coordinators for the Global Offering.
Experian, the global information solutions company, has launched a unique new service for the UK tyre industry in partnership with DriveRight, the global supplier of wheel and tyre data. Tyre Identifier is a new development allowing the UK automotive industry to access comprehensive tyre data instantly and accurately so that it can identify the correct replacement tyre for any given UK passenger car.
DriveRight holds an extensive database of over 9,000 specific vehicle platforms for aftermarket wheel and tyre retailers, distributors and manufacturers, which has been incorporated into Experian’s comprehensive vehicle database to create Tyre Identifier.
Pirelli is to supply original equipment for the new Lamborghini Murcielago LP640. The latest model presented by Lamborghini will be exclusively equipped with the Pirelli P Zero Corsa System ultra-high-performance tyres. The low-profile P Zero Corsa System tyres are reportedly derived from the company’s competition experience and are designed for use on both road and track.
(Akron/Tire Review) Bridgestone/Firestone North American Tire (BFNAT) will invest approximately $44 million to build a 1 million-square foot distribution centre at Cecil Commerce Center North in Jacksonville, Florida.
The announcement was made in a joint release by Jacksonville Mayor John Peyton, the Jacksonville Economic Development Commission (JEDC), Cornerstone Regional Development Partnership and Jacksonville Port Authority (Jaxport).
The partnership between tyre retailer Esher Tyre and Exhaust and Group Tyre (UK) member Broadway tyres is a perfect example of a regional wholesaler and independent retailer working together for mutual advantage. The catalyst in this relationship is the Marangoni tyre brand, as Mr. F. Frost, who manages the outlet and who is the second generation in charge of this family-run business explains:
The Bulgarian government has pledged to build an additional 900 kilometres of road infrastructure over the next six years. The Government has outlined highway construction programme that will include motorways in: Trakia, Lyulin, Maritsa, Struma and Black Sea regions. The projects have been costed at more than 3.3 billion euros and the works will be funded under the EU Cohesion Fund, the state budget and through Public-Private Partnership.Maritsa Highway (114 km) is scheduled to be constructed in 2009 at a cost of 360 million euros. Nearly 600 million will be allocated for the construction of Struma Highway, which is expected to be finalised by 2012.
Retreading specialist Kraiburg Austria will showcase its extensive product and service range on its exhibition stand at the Reifen 2006 exhibition in Essen. Following the motto “Always the right tread”, Europe’s no. 1 producer will present a representative cross-section of its full range at the show. This will include treads from the established Kraiburg range for all applications, as well as the new premium Kraiburg plus range. The Austrians also have a few specialised products in the range, such as retreaded rally, karting and lawn tyres.
Savatech has named Bike Tyrestore as the UK distributor of Sava branded motorcycle and scooter tyres. The news comes in response to increasing demand for Sava motorcycle and scooter tyres, the Slovenian manufacturer said in an official statement.
(Akron/Tire Review) Hankook Tire Co. announced it has entered into an agreement to supply OE tyres to International Truck and Engine Corp. As part of the agreement, Hankook will provide steer and drive position tyres for International’s CF Series trucks, 4000 Series tractors and IC bus equipment. The tyres to be supplied include: AH06 and AH11 all-position, DH01 drive, AH12 medium distance all-position, Z35A deep tread super traction, and DL01 long haul drive tyres.
Delivery of the tyres to International began in the third and fourth quarters of 2005, Hankook said, adding that it plans to increase its truck tyre production in Korea to meet the requirements of the OE agreement.
Bridgestone and Ryder have announced a further extension to their partnership. This involves a contract extension well into 2007. Under the arrangement, Bridgestone UK will supply replacement and retread truck tyres and tyre services though its national Truck Point service network.
Greg Ward, Bridgestone UK Commercial director, said: “Our long-term relationship with Ryder and our ability to offer a comprehensive service package of original equipment, replacement and retreaded tyres as well as value-added services are key to this new agreement. We are delighted that our partnership with Ryder has been extended again.”
Marangoni, has announced the appointment of Greg Graham as Brand Manager. The role will be predominantly UK based, with responsibilities across additional English speaking countries. The appointment follows Marangoni’s new distribution partnership with leading UK wholesaler, Group Tyre (UK) Ltd, and further signals the manufacturer’s intent to aggressively increase its market share of the UK car tyre market.
The new partnership between Aston Martin and Pirelli got off to the best possible start in qualifying for the 54th annual Mobil 1 Twelve Hours of Sebring, the opening round of the 2006 American Le Mans Series. In typical Floridian hot afternoon conditions, the two Astons scorched around the track to take first and second grid positions ahead of the two factory Corvettes. Pedro Lamy in car #009 set a new GT1 class qualifying lap record of 1.55.286.
Exide Technologies has boosted its successful Experience partnership and incentive scheme with a range of exciting new rewards. Dozens of amazing experiences have been added to the loyalty programme including unforgettable opportunities to fly with the Red Arrows, become James Bond for a day or sail in an America’s Cup class race.
The Experience programme also offers a wide choice of extreme sports including powerboat driving, scuba diving with sharks, whitewater rafting and bungee jumping.
Aftermarket parts supplier Motaquip has reached an agreement with the RAC motoring organisation to become a National approved parts supplier to the company’s network of breakdown patrols.
The partnership will deliver strong support and improved access to parts for the 1,500 RAC patrols operating nationwide and the RAC based its decision to appoint Motaquip on the strength of the company’s national factor network, the extensive product range available and Motaquip’s ability to provide centralised administration.
(Akron/Tire Review) Babcox Publications announces it has sold a majority position of the company to Alta Communications, a Boston-based private equity firm. Bill Babcox, current president of the company, retains a substantial ownership position and remains president and CEO, in addition to serving as chairman of the board.
If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.
