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Buying in Bulk Enables Star-Tyre to Pass Savings Onto Customers

Over the past several years, tyre distributor Star Group Shanghai Co. Ltd. (Star-Tyre) has experienced rapid growth. The company’s inventory encompasses over twenty-three different popular brands of Chinese tyres, and the company reports it has strategically aligned itself with a number of China’s leading tyre manufacturers – a move Star-Tyre believes has brought about one of its greatest advantages.

The Shanghai headquartered firm operates distribution warehouses in China’s Qingdao, Shanghai, Dalian and Tianjin regions, and keeps considerable stock in its premises, which are located near major international seaports. This gives, says Star-Tyre, the company the opportunity to provide faster and more effective delivery to its clientele in any world destination. The distributor adds that its ability to purchase products in volume affords it a price advantage over competitors – an advantage Star-Tyre says it passes onto its customers in the form of a better purchase price.

30th January 2009/by Tyrepress Editors

Marangoni MiTo Goes Flat Out

Just a couple of months after its debut at November’s Essen Motor Show, Tyres & Accessories has heard that Marangoni’s souped-up 233 bhp Alfa Romeo MiTo project car recently encountered an altogether more normal problem. Yes, you guessed it, the MiTo’s specialist Mythos tyres decided to suck up a nail. However, all was not lost as company representatives decided to practice what they preach and make use of their own lifetime warranty.

The rogue nail attacked the MiTo’s special “fire red” 18-inch Marangoni Mythos tyres during a recent test drive by a leading consumer press title at Bruntingthorpe Test Ground. Unbeknown to the test drivers, the puncture occurred just one week and only 1,000 miles after this set of tyres had been fitted. The puncture only became apparent when preparing the car for a special press photo shoot.

30th January 2009/by Tyrepress Editors

Michelin US Recalling Mislabelled Pilot Alpin Tyres

A recall of US market Michelin Pilot Alpin tyres is underway in the US. A total of 784 Pilot Alpin PA2 ZP 225/50R17 94H tyres manufactured between September 17, 2006 and June 14, 2008 are included in the recall. These tyres, reports the NHTSA, fail to conform to US labelling requirements as the “DOT” symbol is not present of the sidewall and therefore the tyre contains no declaration as to its certification.

Michelin will notify owners and replace the noncompliant tyres free of charge, including mounting and balancing. The recall is expected to begin during January.

30th January 2009/by Tyrepress Editors

Schaeffler Walks Away Without State Aid After Initial Talks

Schaeffler Group and Continental AG walked away empty handed from financial support talks with federal ministers. They also received this advice: a “viable and forward-looking” plan, agreed on with creditors, is “a prerequisite for further negotiations.” According to an earlier Reuters report, Schaeffler Group had “sounded out” the German government about the possibility of 4 billion euros ($5.23 billion) in capital. The Federal talks came after talks with German states, including Bavaria, Lower Saxony and Baden-Wuerttemberg were unsuccessful. For its part Bavaria’s government said only loan guarantees would be considered.

The delegation will have to rethink its approach after German Finance Minister Peer Steinbrueck said taxpayers wouldn’t be funding Schaeffler: “It’s not the job of the state to intervene in cases in which business decisions were possibly not thought through enough,” Steinbrueck Berliner Zeitung.

30th January 2009/by Tyrepress Editors

PYReco to Build Heat Degradation Tyre Recycler

Tyre recycling firm PYReco plans to build a pioneering £80 million tyre recycling plant in North East England, the first of its kind in Europe. The scheme is underway thanks, in part, to the support of Renew, an organisation tasked with driving a low carbon and sustainability agenda with industry in the region.

The plant will be built at the South Tees Eco Park (STEP) in Tees Valley by 2010. It will use the relatively novel process of pyrolysis, a method of degrading material through heat, to recycle 60,000 tonnes of used tyres a year, the equivalent of 7.5 million tyres, without waste or harmful emissions. It is estimated that plant will create 90 jobs for the region.

Traditionally the uncompromising properties of the material have meant that tyres have been difficult to re-cycle, most often burnt in cement kilns. PYReco’s plant will provide a closed loop recycling route, breaking down used tyres into their component parts capable of being used in the production of brand new units.

30th January 2009/by Tyrepress Editors

Falken Expands Motorsports Involvement

Falken has enjoyed considerable success in the comparatively new motorsport of drifting, with teams performing in vehicles shod with Falken Azenis RT-615. In fact, Falken was the first tyre manufacturer to back drifting when it was introduced to the USA in 2003.

In 2008, the company broadened its motorsports horizons when it took part in the American Le Mans Series (ALMS) competition. This is unusual in the fact that open tyre competition is encouraged and there are six manufacturers currently in competition, developing tyres specifically suited to the 11 different tracks in the series.

30th January 2009/by Tyrepress Editors

Goodyear Tells of Increased Market Share

Goodyear Dunlop UK and Ireland has released the claim that, despite challenging economic conditions, the company has managed to increase its car tyre market share by a margin of over 4 per cent in the last four months. Over the company’s four major brands, including European-developed Fulda and Sava in addition to the best-known Goodyear and Dunlop names, the manufacturer states that it reached a two year peak of 27.1 per cent of the market during the last third of a year.

Group managing director, Mark Brickhill said that the Birmingham-based company’s strong and diverse portfolio of brands has been the key to gaining market share in challenging conditions. While the rest of the market was declining by 0.6 per cent, Goodyear Dunlop’s December consumer sales were 6 per cent higher than in the same month in 2007. The company says that its share of Market has been growing steadily over the last four months, reaching its aforementioned peak in December.

30th January 2009/by Tyrepress Editors

Norway’s Fundo Wheels Declared Bankrupt

Norwegian manufacturer Fundo Wheels, original equipment tyre rim supplier to European vehicle producers, has been declared bankrupt. It is thought that the company’s 350 employees will lose their jobs.

The company’s poor performance is said to be strongly linked to the global automotive industry slump. The company’s owners are still seeking fresh capital, and a bank has secured operations for a further month to enable the company to complete orders for Volvo and Audi.

30th January 2009/by Tyrepress Editors

Dunlop to Supply New BMW UK Contest

Headline brand and tyre suppliers to the 2009 Great and British Racing Festival, Dunlop has announced that the latest addition to the UK racing scene, the new ‘CSL Cup’ for BMW M3 E46 and CSL racing models will be part of the Festival’s calendar this year. The Great and British is one of the UK’s premier race series, comprising racing from Radical, Mini and the Dunlop Sport Maxx Production Cup.

John Thorne of Thorney Motorsport, the promoter of the CSL Cup series, was pleased to secure the spot on the Festival’s bill: “We’re delighted. The CSL Cup is a new series for 2009 so to be awarded the opportunity to appear on such a prestigious series with an enviable calendar is really quite groundbreaking.

Dunlop Great and British Schedule for 2009:

18-19 April: Rockingham
6-7 June: Brands Hatch
4-5 July: Donington Park
18-19 July: Castle Combe
22-23 August: Croft
26-27 September: Snetterton

30th January 2009/by Tyrepress Editors

Bridgestone Revises 2008 Fiscal Projections Following EC Fine

Following the January 28 European Commission decision regarding the international marine hose cartel, Bridgestone has once more revised its consolidated financial projections for the 2008 fiscal year. The company anticipates net sales of 3,250 billion yen (£25.5 billion), an amount unchanged since it last revised its projections on December 22, 2008 and 170 billion yen (£1.3 billion) less than the company’s original 2008 year projection, announced on August 8, 2008. Operating income, at 118 billion yen (£926.7 million) and ordinary income of 64 billion yen (£502.6 million) also remain the same as the December 22 projection. Net income, however, is now projected to be 7.5 billion yen (£58.9 million), a reduction of 4.5 billion yen (£35.3 million) or 35 per cent from the December revisions. Last August the tyre major had anticipated net income of 66 billion yen (£518.3 million).

29th January 2009/by Tyrepress Editors

Protyre to Supply BFGoodrich Rally Tyres in UK

Protyre Motorsport has followed up news of its agreement to supply Michelin track tyres in the UK and Ireland with the announcement of a new deal to supply BFGoodrich rally tyres to competitors in the UK. The range of tyres to be provided by Protyre Motorsport includes dry weather asphalt tyres which deliver both consistency and versatility; gravel tyres for the three categories of loose surface rallies with tyres that offer soft, medium and hard compound; and snow tyres for all the winter fixtures. Protyre Motorsport will also provide service, support and advice for competitors at key rallies in the UK during 2009.

29th January 2009/by Tyrepress Editors

Kumho Tires Begin 2009 With Motorsport Triumphs

Kumho Tires’ motorsport season started off on the right footing following a win at the opening round of the 2009 Irish Tarmac Rally Championship and its highest ever rank at the Dakar Rally.

Eugene Donelly, driving a Skoda equipped with Kumho rally tyres, competed in the A8 class (Over 2000cc, Group A) finishing in first place in the initial round of the Irish Rally, held in Galway on the weekend of 16-18 January. In addition to Donelly, three other vehicles equipped with Kumho rubber ranked first and second in N4 Class (fifth and sixth overall), and first in A7 Class (seventh overall) among 139 vehicles.

29th January 2009/by Tyrepress Editors

Michelin Installing Europe’s Largest Photovoltaic Roof

Michelin will soon be the proud owner of Europe’s largest photovoltaic roof panel installation – the company plans to fit more than 147,000 square metres of solar panels on the roof of its facility in Cuneo, Italy. With annual production of nearly 10 million kWh, the panels will provide electricity for 2,000 inhabitants while reducing the amount of CO2 released into the atmosphere by 1,200 tonnes a year. The photovoltaic power plant is scheduled to be operational in early 2010. It will be developed and operated by Frey Nouvelles Energies, a company that produces electrical power from renewable energy sources.

29th January 2009/by Tyrepress Editors

Cabot Chemicals Announces Closures and Layoffs

Specialty chemicals producer Cabot Corporation announced on January 28 that reduced sales have caused its fiscal first-quarter profit to drop 88 per cent versus the previous year. In hand with this news, the company announced it would cut 500 jobs, some 12 per cent of its workforce, as part of a comprehensive restructuring plan.

Net sales of US$652 million were recorded in the first quarter of fiscal 2009, compared with $711 in the first quarter last year. This represents a decline of 8.3 per cent. Net income for the quarter was $4 million, as opposed to $36 million in Q1 2008.

29th January 2009/by Tyrepress Editors

Conti Names New Interim CFO

Following the announced departure of Dr. Alan Hippe from Continental AG and his appointment as CFO of ThyssenKrupp, the German tyre and automotive component manufacturer has announced a successor to fill Dr. Hippe’s shoes – for the time being. According to the German Press Agency, Continental manager Gérard Cordonnier will take on the job of acting CFO as of March 1. Cordonnier will assume this position in addition to his current role of financial chief of the company’s Interior division. He will not, however, become a member of Conti’s Board.

29th January 2009/by Tyrepress Editors