Product News Archives - Page 103 of 260

YHI Offers a Comprehensive Range of Automotive Products

For the YHI Group, Tyrexpo Asia is a hometown show. Although the distributor and manufacturer boasts subsidiaries and associated companies in Malaysia, Thailand, Vietnam, China, Hong Kong, Taiwan, USA, Japan, Canada, Australia, New Zealand, the UAE and Italy, the Group’s activities are directed from Singapore. From humble beginnings as a sole proprietorship in 1948, YHI has grown to become a mainboard-listed company on the Singapore stock exchange and a recognised distributor of high quality automotive and industrial products and a quality manufacturer of after-market alloy wheels. The tyre brands YHI distribute include Yokohama, JK Tyre, Achilles and its own brand, Neuton.

3rd February 2009/by Tyrepress Editors

Good Friend Tyre Signs US Trade Contract

Product News

Chinese tyre manufacturer Good Friend Tyre has allegedly signed a trade contract with an unnamed US based company. The deal, reported by ChinaRealNews, is said to be worth around US$100 million.

Good Friend Tyre mainly manufacturers radial truck tyres, and in 2008 exported $30 million worth of products. These tyres are manufactured at the company’s Henan Province facility, which is said to have an annual capacity of 1.2 million pieces. Work on the facility commenced in 2005 and some RMB 560 million has been invested in the project. According to Good Friend Tyre, all products manufactured there are DOT, ECE and ISO9001 2001 certified, and current export markets include Europe, the US and Southeast Asia.

3rd February 2009/by Tyrepress Editors

Kenda Supplying Iran’s Largest Carmaker

Product News

Kenda has reported the commencement of an OE agreement with Iran’s largest car producer, the Saipa group. Since November 2008, the Taiwanese manufacturer’s tyres have been fitted as original equipment on Kia Pride models built by Saipa under licence. The vehicle, fitted with Kenda’s KR23-Komet Plus tyre in size 165/65R13, is sold in a number of export markets, including Azerbaijan, Armenia, Algeria, Egypt, Jordan, Libya, Lebanon, Syria, Sudan, Turkey, Turkmenistan, Morocco, Kyrgyzstan, Venezuela, Yemen, Uzbekistan.

3rd February 2009/by Tyrepress Editors

In Tyres & Accessories, February 2009:
Tyrexpo Asia Preview
Tyre Collection, Recycling and Disposal

Product News

Preview: Tyrexpo Asia 2009

It’s not just an excuse for a spot of sightseeing and the opportunity for some authentic and delicious Asian food…with the Asian tyre industry and market developing at an astonishing rate, those wishing to participate in this region in a serious way really do need to be where the action is. In late March the Tyrexpo Asia exhibition returns to Singapore, this time round joined by the IRSG’s World Rubber Summit. And with the exhibitor list for the 7th Singapore show already topping 120 as of last December, Tyrexpo Asia is, as Paul Farrant, from exhibition organiser ECI, an opportunity to “deliver much-needed vitality and innovation into the global market”. Next month’s Tyres & Accessories presents a preview of the upcoming show.

Old Tyres Never Die…

Regardless of how asymmetric a tyre’s tread is, its green contribution or how many compounds are squeezed into the mix, sooner or later it is going to be removed from the rim and flipped onto the scrap pile. But what for the motorist is the end of the story is for the tyre itself the beginning of a new journey that will see it put to other uses. Follow your old tyres into the ‘afterlife’ in February when we feature the growing sector that deals with tyre collection, recycling and disposal.

3rd February 2009/by Tyrepress Editors

Goodyear ‘Aggressively’ Responding to the 2009 Market Environment

Product News

At the JP Morgan High Yield Conference on February 3, Goodyear Tire & Rubber discussed industry conditions during the final quarter of 2008 as well as the corresponding production cuts it undertook during the period.

“It is widely known that the economic slowdown is having a considerable impact on consumer demand and industry volume,” said Goodyear executive vice president and chief financial officer Darren R. Wells. “Fourth quarter industry volumes were well below expected levels, prompting a significant increase to our production cuts that now extend across all business units.” Wells said that Goodyear is responding ‘aggressively’ to the 2009 environment with additional cost savings and inventory reductions. “We continue to adjust production to reduce inventory levels and to keep pace with the lower demand environment.” The company plans to announce a series of new actions on its full-year conference call, scheduled to be held on February 18.

3rd February 2009/by Tyrepress Editors

Teijin Reorganises High Performance Fibers Business Group

Product News

Tyre cord manufacturer Teijin Ltd. has announced the reorganisation of its High Performance Fibers Business Group into two new groups, to be named the Aramid Fibers Business Group and Carbon Fibers Business Group. As of April 1, 2009 these two groups will separately handle business related to aramid fibres and carbon fibres, increasing the number of business groups operated by Teijin to eight.

3rd February 2009/by Tyrepress Editors

Aftermarket Show Review: Toyo

Premium, Product News

Acknowledging the problems faced by the motorsport and high-performance sectors, Toyo’s stand displayed the company’s commitment to two of its most important markets. In erecting an imposing stand, Toyo was clearly aiming to make an impact at January’s Autosport International Aftermarket Show, hosted by Birmingham’s NEC. Toyo’s determination to make their presence felt was exemplified by the attitude of Sarah Clavey, Toyo UK’s senior marketing executive: “At a time when uncertainty prevails, we were determined to show our commitment to grass roots motorsport and to showcase our range of tyres for 2009. We know that Autosport delivers our classic target audience and we wanted to put on a show that all visitors would remember. Our stand was much larger than in previous years and was designed to deliver impact”.

In addition to highlighting its involvement in more than 15 motorsport championships – covering hill climb, drag racing and modified production among numerous other series – the Japanese brand put on head-turning performances via their interactive stage shows. Over the four days they were delighted to be able to engage with many of the show’s 79,000 enthusiastic visitors. The motive behind this vibrant, interactive format was to attract and involve new enthusiasts and to bring the Toyo brand to life amongst one of its primary target markets.

Membership Required

Already a member? Log in here

3rd February 2009/by Tyrepress Editors

Michelin Launches American Le Mans Green X Challenge

Product News

Michelin announced today that it would become the title sponsor of the “Michelin Green X Challenge,” supporting its stated commitment to a cleaner, more fuel-efficient race series. Beginning at the 2009 ALMS season opener in Sebring, the award will be presented at each race to one prototype and one GT team demonstrating the best overall performance, fuel efficiency and least environmental impact throughout the length of the race.

“Stretching fuel in competition wins races. Lowering fuel consumption for consumers stretches wallets at a time when saving money and saving the planet are both top concerns,” said Scott Clark, COO, Michelin Americas Small Tires. “Providing support to the American Le Mans Series through the ‘Michelin Green X Challenge’ is a natural fit for us and together with our partners, we can help encourage teams and manufacturers to demonstrate a cleaner, more fuel-efficient way to race, while maintaining performance and the spirit of competition.”

3rd February 2009/by Tyrepress Editors

Goodyear Recalling Mis-Labeled Tyres

Product News

Goodyear Tire & Rubber Co. is recalling certain Goodyear Eagle RS-A tyres, size P235/55R18 99V, manufactured during the week of 7 January, 2008. According to NHTSA, the tyres fail to conform to FMVSS 139 labeling requirements because they don’t have the correct tyre identification number displayed. The correct TIN appears on one sidewall, but not on the other. Goodyear will replace the recalled tyres for free, and will notify customers. (Tire Review/Akron)

3rd February 2009/by Tyrepress Editors

Schaeffler Employees to Start Short-Time Working

Product News

German news sources are reporting that Schaeffler Group is planning seems for most of its 25 German locations to work on short-time schedules for half a year. According to Tyres & Accessories’ German sister publication, Neue ReifenZeitung, the reports were confirmed by Schaeffler spokesman Detlef Sieverdingbeck on 2 February. The specific terms reportedly differ depending on location. The news mainly affects employees in the Automotive division, according to the Financial Times.

Meanwhile, at the end of last week Chancellor Angela Merkel reportedly turned down Schaeffler Group’s application for federal loan support. Schaeffler, the majority shareholder of Continental AG, is currently carrying around 22 billion euros of debt after taking over Conti. In an interview with Germany’s Bild newspaper, Merkel said: “We won’t pay the bill for risky company decisions.” For his part, Christian Wulff, prime minister of Lower Saxony, said the Schaeffler family and banks need to act before the government does anything. So while the chances of federal loan support are slim, the possibility of the regional government guaranteeing the 3 to 5 billion euros of new capital the company is said to be asking for, is not completely out of the question.

2nd February 2009/by Tyrepress Editors

Obama Puts His Name to Goodyear-Ledbetter Law

Product News

During his ninth day in office, new US President Barack Obama placed his signature on the first bill to become law under his administration. And with this stroke of his pen a legal fight that traces its origins back to a Goodyear plant’s shop floor has finally been settled. Some 18 months after the US Supreme Court declared Lily Ledbetter’s fight against her employer unlawful due to the delay between the alleged grievance and complaint, Obama has overturned the ruling in a move many are viewing as a landmark decision for American women.

2nd February 2009/by Tyrepress Editors

Net Loss for Ceat in Last Quarter

Product News

India’s Ceat Ltd has reported a net loss for the quarter year to December 21, 2008. According to the tyre maker, losses for the period amounted to Rs 216.4 million (£3.1 million). During the corresponding quarter of 2007 the company posted a net profit of Rs 192.3 million (£2.7 million).

A net loss was recorded despite an increase in quarterly sales. In a filing with the Bombay Stock Exchange, Ceat reported company earnings rising from Rs 5.69 billion (£80.4 million) in the final three months of 2007 to Rs 5.93 (£83.8 million) billion last year.

2nd February 2009/by Tyrepress Editors

TyreGenics Enters Administration

Product News

Some 18 months after opening, the TyreGenics recycling joint venture in Baglan, South Wales, has been placed into administration. The £4 million, 80 tonne per day capacity facility was developed by major shareholder Credential Environmental along with BOC, FieldTurf Tarkett and RTI Cryogenics, and began operation in July 2007. From the outset it was announced that FieldTurf had committed to purchasing 70 per cent of output for the first three years, yet in spite of this assured market the facility has been affected by dwindling demand.

2nd February 2009/by Tyrepress Editors

The 3rd Azerbaijan International Spare Parts, Accessories and Service Equipment Exhibition

Product News

The Autoparts Exhibition has become an important meeting place for the representatives of the automobile industry for exchanging information and experiences. AutoParts 2009 will present automobile parts, engines and mechanics, accumulators, electric equipment and electronics, gearboxes, exhaust systems, steering control, break systems, suspensions, automobile accessories, audiosystems, technical maintenance of automobiles, production equipment and tuning. The AutoParts exhibition is intended for exhibitors who supply materials, equipment and services for the automobile industry and automobile operation. Iteca Caspian LLC and the ITE Group are the organisers of the exhibition and The Ministry of Transport of Azerbaijan, Head Office of State Road Police and Azerbaijan Export and Investment Promotion Foundation offer official support. For the first time there will also be a wide range of tyres from the world’s leading manufacturers and automobile car-washers for commercial transport at the exhibition.

Over 50 leading brands from European and Asian countries have confirmed their participation in the exhibition so far. Companies from Japan, Italy, Germany, Turkey, UAE, Iran, China, India, Russia, Belarus and Finland have confirmed their participation.

Both the Azerbaijan automobile market and the AutoParts exhibition are increasing in size. The demand for spare parts and accessories from different manufacturing countries is not only based on local repairs, but also for buses, agricultural machinery and company cars and the many companies and entrepreneurs that are involved in the Azerbaijan automobile business. The AutoParts 2009 exhibition provides an opportunity to demonstrate and promote products from global manufacturers for repair and maintenance of automobile. AutoParts 2009 will also present the possibility to increase international contacts, sign contracts and demonstrate to visitors new products available within the Caspian market.

Companies who may be interested in exhibiting or attending this show please contact:-

Babek Amashov
Project Manager
ITE Group Plc / Iteca Caspian LLC
Baku, Azerbaijan
Tel: + 994 12 4474774
Fax: + 994 12 4478558
Mob: + 994 55 348 80 55
E-mail: auto@iteca.az
www.autoparts.iteca.az

2nd February 2009/by Tyrepress Editors

Delticom Stores Granted TÜV Shopping Seal of Approval

Product News

European online tyre retailer Delticom has expressed ‘delight’ that its online shops have been given the seal of approval by German certifier TÜV. Starting with the company’s German ReifenDirekt.de site, fifteen of Delticom’s shopping websites have been awarded TÜV S@fer Shopping status, and the company hopes this distinction will signal to customers a safer and comfortable online purchase.

There are strict requirements for the TÜV award, which is renewed every year in extensive tests. The certification focuses on a number of areas, including user-friendliness and transparency. Amongst other site qualities, TÜV requires that online customers find a clear menu navigation that allows them to complete the purchase process easily. Whether or not a site assures the protection of consumer data is another important factor taken into account.

2nd February 2009/by Tyrepress Editors

Posts

We see you are visiting us from China.