You are here: / Product News

Tyre industry professionals need to know what the latest product developments are. Look no further than the Tyrepress.com product news tag,

Posts

Pirelli Shareholder Camfin Negotiates Capital Increase

Camfin SpA, the largest shareholder in Pirelli parent company Pirelli & C SpA, has negotiated with its banks regarding a 100 million euro capital increase and a rescheduling of its debt. Camfin’s controlling shareholder GPI, along with a consortium of banks, will guarantee all of the capital increase, Reuters reported. Three new directors will also be appointed to Camfin’s board, making a total of 15 directors.

The banks participating in the debt deal include Banco Popolare, UniCredit, Banca Monte dei Paschi di Siena, Intesa Sanpaolo SpA and Banca Popolare di Milano. “The agreement foresees in addition that up to end of 2011 there will be no dividend distribution and that by 2012 the 49 per cent stakes in Pirelli & C Ambiente SpA and Pirelli & C EcoTechnology are sold,” the company said.

Read more

Related news:

  1. Pirelli Pays 2 – 3 cent Dividend
  2. Pirelli Hoping to List Tyre Division
  3. Pirelli shareholder block evaluating early agreement dissolution
  4. Pirelli Share Capital Reduction Concluded
/by

ITC to Rule on Imported Chinese Tyres This Week

The US International Trade Commission will determine by June 18 whether or not consumer tyres imported from China are harming or have the potential to harm potential tyre manufacturers, and will report its findings to President Obama and the US trade representative the following day.

Read more

Related news:

  1. US Trade Gap Reaches Record Proportions
  2. Some North American Dealers Stockpile Tyres
  3. Hangzhou Zhongce: US Tyre Recall is ‘Commercial Manipulation’
  4. Chinese Govt Defends tyre Quality
/by

Sri Lanka’s Eu-Retec to Expand Range Under Conti Alliance

The partnership operating between Watts Industrial Tyres and Continental AG since late 2004 has been replaced by a new strategic alliance with Sri Lankan manufacturer Eu-Retec (Pvt) Limited, who formerly produced tyres for Conti as part of the Watts arrangement. Watts held a 50 per cent share in Eu-Retec until earlier this year.

Continental has officially announced the formation of a joint venture with Eu-Retec, an arrangement in which Conti will take the majority shareholding.

Read more

Related news:

  1. Watts Tyres to Supply Continental
  2. Is Conti Eying Goodyear Unit?
  3. GPX Completes Purchase of MITL
  4. Conti to Implement Cost Reduction Programmes
/by

Ready-Made Promotions For Independent Distributors

Promo Basics is a range of ready made promotions devised by Brake Engineering for distributors to run, which won’t break the bank and includes rewards such as free newspapers, snacks and drinks.

Designed to fight the credit crunch, when it’s often tempting to cut back on marketing and promotions and just at the time when those activities could be at their most useful, Promo Basics gives the independent distributor an extra, low-cost marketing tool.

Read more

Related news:

  1. SmarTire Secures $5 Million Bus Order
  2. Euro Car Parts Takes 800 Customers on Safari
  3. Uzmai Names Heuver Banden as European Distributor
  4. Handlopex Looking to International Future
/by

Conti Removing Jobs, Operations from Puchov Site

At present Continental reports an overcapacity of more than two million truck tyres in its European markets, a situation that has developed due to a “drastic” fall in demand during the opening months of 2009. To remedy this, the company is further reducing European truck tyre capacity by eliminating a number of jobs at and operations its Continental Matador Truck Tires facility in Puchov, Slovakia.

Continental says it has decided to remove 75 positions will be removed from Puchov by November 30 at the latest. On top of this, following a detailed analysis of the company’s machinery business, Conti will concentrate this aspect of operations to its Hannover-Stöcken plant in Germany. This measure, reports Continental, will affect around 190 Puchov based Continental Machinery employees.

Read more

Related news:

  1. CTNA’s Charlotte Tyre Plant Faces Uncertain Future
  2. CTNA Announces Serious Charlotte Cuts
  3. Conti, Union Face Off Over Plant
  4. New Conti Distribution Centre Opens in China
/by

EMI+ “Helps Businesses Improve Their Bottom Line”

MAM Software has announced a brand new release of EMI+, a powerful business intelligence module that helps business managers develop a deeper understanding of their business. In today’s competitive and congested aftermarket, MAM believes that EMI+ version 2.1 can deliver the reliable, up-to-date information that managers need to respond to challenging conditions and make informed decisions.

“EMI+ is designed to help businesses improve their bottom line” said Mike Jamieson, MAM’s Managing Director. “It enables managers to quickly and easily analyse their business, identify trends and highlight opportunities for improvement. At a glance, they can instantly detect gaps in buying patterns or isolate sales that are affecting margins.

Read more

Related news:

  1. Motaquip Picks MAM To Replace Paper Catalogues
  2. PACT Will Make E-Trading Easier, Says MAM
  3. MAM Software Launches Autocat+ v3.0
  4. Snap-on Release New Entry-Level Diagnostic Tool
/by

Deutsche Bank Upgrades Pirelli Stock

Deutsche Bank upgraded Pirelli to buy in London today. According to The Wall Street Journal the broker said that the stock is likely to outperform estimates. While a capital increase at Pirelli Real Estate is partially to thank for the prediction, it is the improvement forecast in the company’s tyre division from the second quarter that explains the new categorisation. Deutsche also believes that steps will be taken to reduce the holding discount. Shares climbed 4.7 per cent in Milan.

Read more

Related news:

  1. Strong Pirelli Q4 Results but No Dividend Expected
  2. Pirelli Takeover Rumours Cause Conti Shares to Rise
  3. Pirelli Group Reorganises its Finances
  4. Pirelli Parent Posts 3Q Loss
/by

Michelin Man Keeps US Motorists Under Pressure

Motorists in the US now have another safe driving resource at their fingertips, thanks to Michelin North America and the Clemson University Automotive Safety Research Institute (CU-ASRI). The two organisations celebrated their long-standing partnership on June 11 with the dedication of a new safety initiative, and took the occasion to remind drivers that proper tyre inflation pressure is a key automotive safety component and a boost to fuel efficiency.

The two parties selected the US National Tire Safety Week to dedicate their new tyre inflation station. The facility, situated near the Clemson University International Center for Automotive Research, shouldn’t be difficult to locate – Michelin notes that the Michelin Tire Inflation Station features a six-foot tall replica of Bibendum, the instantly recognisable Michelin Man.

Read more

Related news:

  1. Michelin Aims to Start Tyre Revolution
  2. SEMA Against Proposed Tyre Fuel Efficiency Scheme
  3. Michelin Investing $6.8 Million to Lower Rolling Resistance
  4. Michelin Sales, Profits Down in 1st Half 2008
/by

May China Tyre Production Reaches 62.35m Units

Tyre production in China during May 2009 rose 21.21 per cent year on year and 7.2 per cent over the previous month to 62.35 million units, the country’s National Bureau of Statistics has announced. The Bureau’s figures total production in the period from January to May 2009 show a 6.6 per cent increase to 237.7 million units

Synthetic rubber production fell 8 per cent year on year to 199,000 tons in May, but for the January to May period increased 0.2 per cent year on year to 1.02 million tons.

Read more

Related news:

  1. Chinese Tyre Production Up 14.8% in July
  2. China Tyre Production up 6.8% in September
  3. December Tyre Production More than 20% Down in China
  4. Goodyear develops new synthetic rubbers
/by

Dunlop Roadsmart Apprehended as OE for US Police Bikes

BMW Motorrad has approved the Dunlop Roadsmart for use on all R 1200 RT-P police motorcycles in use in the US. The Roadsmart is designed to provide longer tyre life; the multi-compound rear tyre incorporates a longer-wearing compound in the tread centre along with a lateral grip compound in the shoulders for performance when cornering.

“Operating costs for police motors are a major issue for most agencies,” observed Frank Stevens, Authority Program Manager, BMW Motorrad USA.

Read more

Related news:

  1. Police Bikes to Ride on Dunlop
  2. Goodyear OE for US DaimlerChrysler Truck Division
  3. The UK Motorcycle Tyre Market: Who Does Wins
  4. Fulda to Exhibit at French Car Show
/by

Michelin Opens Door to Earthmover Tyre Test Centre

Around 140 earthmover dealers converged upon the Spanish provincial capital Almeria in early June. And while the port city’s mild climate is perfect for year-round swimming and its architecture conveys a strong Moroccan flavour, the assembled party were not in town for a short sightseeing holiday – Almeria is also home to the Michelin Technology Center, the world’s largest facility devoted exclusively to the development of earthmover tyres. And awaiting the European dealer continent was an assortment of equipment ready for hands-on testing.

Read more

Related news:

  1. Owner Driver Sees Benefit of Regrooving
  2. Michelin Energy Saver OE for New Peugeot
  3. Michelin Committed to MotoGP
  4. Boughey Distribution Chooses Michelin
/by

Maximum Safety at High Speeds

Today it is entirely possibly to purchase a road legal set of tyres rated for speeds above 185 miles per hour. Yet the faster a tyre’s rotation speed, the higher the resulting centrifugal acceleration will be. IN order to avoid the possibility of smoky scraps of shredded tread appearing in the rear view mirror, these UHP tyres must be designed to handle such extreme centrifugal forces. This can be accommodated by the use of jointless bandages composed of rubberised nylon or hybrid cords, which can absorb extremely high forces.

Read more

Related news:

  1. U.K. Firm Buys Canadian Microwave Plant
  2. Cooper Tire Increases Investment
  3. Retreading Plant & Chinese Sales Key to Greater Goodway Earnings
  4. Four New Sizes Added to Nokian TRI 2 Range
/by

India’s ATMA Seeks NR Duty Reduction

India’s Automotive Tyre Manufacturers’ Association (ATMA) is seeking to have the customs duty on natural rubber waived in order to help domestic manufacturers compete against imported tyres. The issue was undoubtedly raised when Apollo Tyres chairman and managing director Onkar S Kanwar met with officials from India’s finance ministry on behalf of the ATMA in early June; as part of its pre-budget memorandum, the industry association has requested a reduction in the customs duty on natural rubber to 10 per cent from the current 20 per cent level. Alternatively, it has been suggested that the duty on the import of tyres could be raised to 20 per cent. Tyre imports from China and Korea, which account for nearly 80 per cent of all imports, currently attract 8.6 per cent duty under the Asia Pacific Trade Agreement.

Read more

Related news:

  1. Apollo Net Profit Up to First Quarter
  2. Rubber Prices Set To Rise Sharply
  3. Asia Sales Make Up for US Decline, Says Lanxess
  4. Apollo Seeks Extension on Anti-Dumping Duty to Radials
/by

Goodyear Dunlop Presents BioTred2 at Cereals Show

,

On the 10 and 11 June Goodyear Dunlop’s UK Farm and OTR team were present at the UK Cereals Show in Cambridge, an event widely acknowledged as the leading technical event for the UK arable industry. The team were out in full force presenting the Goodyear and Dunlop farm tyre ranges to the 30,000-plus farmers who attended the annual show.

The team presented the new BioTred2 tyre on their stand. BioTred2 is the latest in farm tyre development using vegetal oil instead of crude oil in the processing phase of its manufacture. Goodyear Dunlop reports that the tyre generated heavy interest from consumers and vehicle manufacturers in addition to the press coverage generated by its presence at the show. For example, the tyre was featured in an online video overview of the event. Additionally, key fitments were spotted around the show: on the JCB exhibition stand, two of their new 7000 series Fastrac machines were equipped with Optitrac R+.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Goodyear and Agricultural University Create Innovation Award
  2. Goodyear Seeks Exemption From US Recall
  3. Dunlop Ad Voted one of Ten Best Cinema Commercials Ever
  4. Goodyear commercial ranges address specific fleet requirements
/by

CMA Launches Tyres, Government Price Programme in USA

The new products, unveiled this week at CMA’s new Memphis warehouse, include fuel-efficient medium truck radials and a new 57-inch OTR radial for mining service. Now available are the Double Coin FR605, FD405 and FT105, described as “ultra-premium fuel-efficient tyres available for steer, drive and trailer positions;” a new mixed service tyre in the Double Coin RR202, an ultra-premium five-rib highway service tire; and the Double Coin RR680 and low-profile RT600 regional all-position/steer tyres. The Double Coin REM-11, in size 3700R57, was developed, said CMA, for “severe mining and haulage applications.” The giant OTR line features heat and cut/chip resistant compounds, application specific patterns for improved traction and longer original tread life; and a durable casing for retreadability.

The net pricing programme, said CMA, “enables federal, state, and local government entities and municipalities to purchase high-quality Double Coin TBR and radial OTR products at net pricing” through CMA’s dealer network. “Many of our products have been purchased by school bus fleets, government vehicles and other municipalities for some time through the local dealer network,” notes Walt Weller, CMA vice president. “This program formally publishes a TBR and OTR schedule and contract number so that anyone who requires a published program can participate in utilizing Double Coin’s value-laden products.” (Tire Review/Akron)

Read more

Related news:

  1. First CM Primary Shredder for Japan
  2. Keeping Inflated with Nitrogen
  3. Double Coin Introduces North America Fleet Program
  4. American Tire Corporation to Hold Goodyear Acquisition Lectures
/by

We see you are visiting us from China.

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.