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ContiLifeCycle Offers an Independent Calculation Model

Last autumn Continental AG introduced a new program that enables fleet operators to better control and calculate the cost of commercial tyres within their fleet. This new software is available on CD-ROM and can thus be used on any computer. As it is a freestanding program, nobody needs to share information about competitor’s prices, not even with the Continental sales staff that provide the CD-ROM. The calculation model, known as ContiLifeCycle, offers several options through which tyre costs can be easily and quickly calculated and answers to a number of very important questions found, commented Eckhard Wilanek in an interview with Tyres & Accessories. Such questions include: Is retreading an option for me? What about regrooving? Or should I just have new tyres mounted?

28th February 2007/by Tyrepress Editors

Stapleton’s Offers Full 4×4 Range

As one of the largest wholesale distributor of passenger car tyres in the UK, Stapleton’s aims to ensure it has a tyre suitable for every retailer and in every price bracket by stocking all major brands of 4×4 and SUV tyres.

28th February 2007/by Tyrepress Editors

If You Need the Job Done…

With the chronic shortage in heavy haulage tyres causing inflated prices and end users purchasing inferior quality products, the giant mining and resources company Rio Tinto has decided to take matters into their own hands. The company has announced that they have set up their own tyre retreading facility in Western Australia, not far from their sizable mining operations in the state’s Pilbara region.

27th February 2007/by Tyrepress Editors

Yokohama HPT Offers New Marque Specific Wheels

Yokohama HPT Ltd, UK distributor for numerous makes of alloy wheel, including TSW, Mangels and MAK, has added two more marque-specific brands to its portfolio – the Redbourne range, designed exclusively for Land Rover and Range Rover models, and August wheels, intended for the Audi range. Both ranges are manufactured in association with TSW.

22nd February 2007/by Tyrepress Editors

Continental Boosts Profits in 2006

Continental AG has announced that its 2006 sales and earning figures have, for the fifth time in a row, outperformed the previous year’s figures. The company’s Passenger and Light Truck Tires division increased its sales to 4,693.6 million euros (£3,156.5), up 5.6 per cent compared with 2005. Conti’s executive board chairman and person in charge of the division, Manfred Wennemer, said “In view of various negative impacts, particularly the 169 million euro increase in raw material costs, we have done a really good job, also in comparison with our competitors.” Sales volume was slightly higher than in 2005, with 106.3 million tyres sold.

22nd February 2007/by Tyrepress Editors

Bridgestone Releases 2006 Results

Bridgestone Corporation expects its profits to increase by almost six per cent this year due to improving sales in the U.S. and Europe. In a media statement, Bridgestone said that it projects net income to increase to 90 billion yen (£384 million) as sales rise 3 per cent, to 3.08 trillion yen (£13.2 billion). Net income in 2006 fell 53% to 85.1 billion yen (£364 million) on sales of 2.99 trillion yen (£12.8 billion), compared to a net income of 180.7 billion yen (£772 million) a year earlier.

21st February 2007/by Tyrepress Editors

Michelin Reports 16.4 billion euros Sales, 35.5% Drop in Net Result

Michelin’s full-year net sales totalled 16.4 billion euros in 2006, up 5.1 per cent following a 3.6 per cent increase in 2005. According to the company, Michelin’s price mix effect remained favourable (+4.7 per cent of sales). This, together with internal cost reductions enabled the group to offset most of the 800 million euros burden caused by increased raw material prices in 2005. However, the manufacturer’s net result was down 35.5 per cent to 573 million euros, reflecting large non-recurring restructuring and industrial plant closure charges. Operating income totalled 1.118 billion euros, down 29 per cent.

15th February 2007/by Tyrepress Editors

Toyo Introduces The New 350 Tyre For Small To Medium Cars

With environmental concerns at the top of everyone’s agenda along with spiralling oil prices, the stage was set for the launch of the Toyo 350; a tyre that provides low fuel consumption and long life. Toyo’s cutting edge computer simulation technology has endowed the 350 with extremely low rolling resistance, reducing a car’s fuel consumption. This reduced rolling resistance also has beneficial effects on tyre life, meaning double savings for drivers as well as reducing their car’s carbon footprint.

14th February 2007/by Tyrepress Editors

Hankook Aims for Higher Margins

Hankook Tire Co has stated it is aiming to boost its operating profit margin to 9.4 per cent this year, up from last year’s 8.4 per cent, despite intense competition within the industry. In a company memo, Hankook CEO Cho Choong-Hwan said that although the company had been through a time of oversupply and rising raw material costs, “there are huge opportunities, however, for well positioned and competitive tyre manufacturers as natural rubber prices are stabilising, and consumption in Europe is beginning to recover.”

9th February 2007/by Tyrepress Editors

Vredestein to Increase U.S. Prices Across the Board

(Akron/Tire Review) Effective February 8, Vredestein Tyres North America will increase tyre prices in the U.S. up to 4%.

The increase applies to all tyre lines, including all-season, summer and winter, and is due to the continuing escalation of raw material prices over the last year, according to Michiel Kramer, market development manager.

8th February 2007/by Tyrepress Editors

Goodyear Unveils Upmarket US Tyre

The Goodyear Tire & Rubber Co. plans to introduce a new tyre in July that caters for a customer base that purchases premium high-performance cars. This tyre, the carbon-fibre, reinforced Eagle F1 All Season tyre, was revealed at the company’s annual tyre dealers’ conference in held Orlando, Florida at the start of February.

7th February 2007/by Tyrepress Editors

Michelin Japan to Increase Prices

Following news that it is raising the price of replacement truck and bus tyre prices in Europe, Michelin has announced its intention to raise the price of winter tyres for cars and trucks in Japan as of April 2, in response to company concerns over material costs.

6th February 2007/by Tyrepress Editors

Formula S2000 Launched at Autosport Show

The Autosport International Show in Birmingham was the venue chosen for the newest addition to the FIA World Touring Car Championship line-up, the International Formula Master, to officially launch its all-new Formula S2000 race car.

6th February 2007/by Tyrepress Editors

NR Prices See Another Jump

(Akron/Tire Review) Natural rubber prices continue to rise and dive, wreaking havoc among tiremakers and other rubber-based manufacturers. Rubber prices on the Shanghai Futures Exchange increased 2% on Jan. 31 to an estimated $2,800 per ton, according to Bloomberg News, its highest price since August.

2nd February 2007/by Tyrepress Editors

Kumho Tire’s 2006 Profit Suffers – Material Costs and Strong Won to Blame

South Korea’s second largest tyremaker, Kumho Tire Co., has released news that its net profit declined significantly during 2006 due to higher raw material prices and a firmer South Korean won. Kumho Tire earned 1.09 billion won (£600,000) in net profit last year, compared with a profit of 98 billion won (£54.5 million) from the same period a year ago, the company said in a regulatory filing.

2nd February 2007/by Tyrepress Editors