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Advanced ID Restructuring to Affect UK Operations

A letter to shareholders in Advanced ID Corporation, sent by company chairman Seymour Kazimirski on February 9, indicates that changes to the firm’s UK operations are afoot. Specific details of these changes and what they mean to the company’s Derbyshire based Pneu-Logic subsidiary, however, were not set out.

“As we enter the New Year, I would like to take this opportunity to summarise the goals we have established for 2009,” began Kazimirski. “You are all well aware of the challenges we faced in 2008 with the systemic breakdown of the capital markets worldwide. More specific to Advanced ID, we experienced the meltdown of the auto industry, which has greatly impacted the tyre industry. Estimates of decreased global tyre production are upwards of 40 per cent. We are working to meet these challenges.”

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Bridgestone Revises 2008 Fiscal Projections – Again

Finally, some good news from within the tyre industry. Bridgestone, which on January 29 revised its 2008 fiscal year financial projections, has done so again – but this time upwards. Net sales have, admittedly, been downwardly revised, by 20,000 million yen to 3,230,000 million yen (£23.77 billion). However operating income, now estimated to be 131,000 million yen (£964.15 million), has increased 11.0 per cent in the latest projection. Likewise, projected ordinary income has been upwardly revised to the tune of 15.6 per cent, and now stands at 74,000 million yen (£544.64 million). Net income jumps by a third to 10,000 million yen (£73.60 million).

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Vee Rubber Catering to Export Markets

In terms of the variety of tyre types produced, Vee Rubber Group is the leading company in Thailand – the company manufacturers a range that covers numerous applications, from go-kart to large commercial vehicle tyres. Most of the company’s production output – which in 2008 amounted to 24 million units – is destined for export, and Vee Rubber designs and manufactures tyres that are suited to their target markets.

Recently Vee Rubber introduced company’s first light truck and 4×4 tyre developed specifically for the North American market – the Taiga H/T. the new tyre was extensively tested in a number of different climates and on many different surfaces, including off road and the result, the company says, is a quiet, comfortable tyre with a long tread life; in the US, the tyre is offered with a 50,000 mile limited tread wear warranty. While the Taiga is not designed as a snow or all terrain tyre, it aims to allow drivers to face everyday driving with confidence, whatever the conditions.

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Pirelli US Recalling Motorcycle Tyres

Pirelli Tire is recalling certain Metzeler ME880 Marathon motorcycle tyres, sizes 13/90B6 M/C TL 73H and 140/90B16 M/C TL 77H. The tyres were manufactured between 22 June and 13 September, 2008, and were stamped with incorrect load range and inflation pressure information.

Pirelli said it will notify owners and replace the tyres free of charge. The recall began on 18 November, 2008, but was only made pubic by NHTSA on 10 February. (Tire Review/Akron)

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Unipart’s Latest Megawisebuys

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Parts supplier Unipart Automotive has teamed up with market leading garage equipment manufacturers to launch the latest edition of Megawisebuys offering vehicle workshops, body shops and commercial vehicle operators added-value deals on quality capital and mobile equipment.

Some of the deals in the March/April edition include: A free remote control handset with any set of Stertil Koni mobile column lifts ordered in March or April along with a free two-year warranty on the FORCE30 two post three tonne hydraulic lift from Maywood; a free set of high lift pads with the Bradbury 2903CD 2 post 3 tonne mechanical lift; a free Karcher domestic pressure washer (inc accessories) with selected Karcher hot & steam pressure washers along with a free hose storage trolley with selected Karcher cold washers for a limited period only.

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Rosava and Belshina at Odds About Tyre ‘Dumping’ Allegations

OJSC Rosava has initiated an anti-dumping investigation into Belarusian tyre imports. According to online news sources, the company addressed the Ministers Cabinet and the Economics Ministry of Ukraine with the request to protect national tyre makers from so-called dumping imports.

According to the information provided by the Ukrainian state organisation “Ukrzovnishexpertyza”, OJSC Belshina is the only Belarusian company currently importing tyres into the Ukraine. 811,439 units were imported in 2008. The company’s tyre imports into Ukraine amounted to 263,121 units (valued at US$4,892,765) in 2005. In 2006 this figure grew 49.24 per cent (US$8,267,427). And by 2007 Belshina was importing 632,772 tyres a year into Ukraine, 2.4 times more than in 2005. The press-service of the organization notes that, in these instances, import prices were lower than local market prices – By 5.3 per cent in 2005; 14.3 per cent in 2006 and 22.7 per cent in 2007.

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German Government to Restart Talks With Schaeffler

The German government is about to reopen support negotiations Schaeffler Group if, according to news reports, the company agrees to reorganise its financing with lenders. “When there is such a plan, there will be further negotiations,” Economy Ministry spokesperson Steffen Moritz told Bloomberg in an email.

Meanwhile, Abu Dhabi’s International Petroleum Investment Company (IPIC) sovereign wealth fund is reportedly considering taking a stake in either Schaeffler Group or Continental AG, according to Financial Times Deutschland. The unconfirmed reports suggest a stake of no less than 20 per cent and “probably” more than 25 per cent in one of the two companies is being considered.

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Michelin Pumped About its Tyre Inflators

Michelin is all pumped up about the results two of its products recently gained in an Auto Express comparison test. The Michelin Single Barrel foot pump was awarded the ‘Best Buy’ 5-star rating for performance and accuracy whilst the Michelin Twin Barrel foot pump took the runner-up ‘Recommended’ award and a 4-star rating.

Both foot pumps from the Michelin motoring accessories range were compared with ten competitors’ products in tests carried out by Auto Express’ technical experts. The accuracy of the pressure gauges and their pumping power were at the heart of the tests, with points given for stability in use, build quality, hose length and ease of tyre-valve connection.

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ETRA Announces Financial Theme for Conference

The 16th European Conference on Tyre Recycling, taking place in Brussels on 25-27 March, 2009, will focus on the “Economics of a Recycling Society,” according to information released by the European Tyre Recyclers Association. Discussions will take place about the growing importance of waste recycling materials, beginning – naturally – with waste tyres, and their use in application, consumer and industrial products to replace virgin resources. There will also be a presentation of studies on tyre recycling materials and their employment in the road and civil engineering sectors, rubberised bitumen and asphalt, buildings and concrete, thermoplastics and thermal and acoustic insulation.

The conference will also exhibit tyre recycling products, such as rubber kerbs and rubber tiles for urban furniture or sport facilities, rubber flooring and artificial turf; present a poster show about innovations in tyre recycling products and materials by industry, universities and technical centres; and host a Technology and a Pyrolysis forum with round table discussions on technology and new uses for recycled tyres.

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Technology Developers Rhodia & Dow Corning to Exhibit at Expo

Rhodia and Dow Corning Corporation are to exhibit together at Tire Technology Expo, which is being held in Hamburg, Germany, between February 17 and 19. The two companies can be found in Hall 1, at Stand 4140.

The companies’ joint appearance at the exhibition follows last November’s announced agreement to develop and market new tyre industry silica/silane products. The aim of the agreement, according to Rhodia, is to develop and commercialise innovative silica/silane combinations, principally for the tyre industry where the association of precipitated silica and silane is used in low-energy tyres to help reduce rolling resistance. Silane is the component that enhances the interaction between polymer and silica.

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US Goodyear Plant Gets Help, Another Faces Sharp Cuts

One Goodyear tyre plant is getting financial assistance, while another may see sharp reductions, according to various news reports. The Fayetteville Observer reported that Goodyear will receive $1 million over the next decade from the city of Fayetteville, the money intended to help retain jobs at the plant. Meanwhile, Goodyear plans to announce a restructuring and cost-cutting plan on 18 February, when company executives and union leaders meet later this week to discuss the future of the company’s Danville, Virginia plant.

Goodyear executives and union officials have this week held a series of meetings concerning the future of the tyre maker’s Danville, Virginia truck tyre plant. The Danville Register & Bee reported that company executives arrived Monday and are expected to be in Danville through Wednesday.

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Toyo Makes Radical Incisions

Following the release of Toyo’s latest financial results, the company has announced a host of measures to stem its financial haemorrhaging. The company reports being in the midst of business conditions that it expects will grow ‘more stringent’ and be reflected in further deteriorating earnings for the 2008 financial year. The sources of these woes, the company adds, are the global economic slowdown and the yen’s appreciation.

Toyo reports a review of its Japanese and international manufacturing systems is underway, and on the back of this it will reduce the number of employees at manufacturing operations to match current production levels. As part of its reorganisation, Toyo says it plans to transfer employees from administrative departments to manufacturing departments.

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Apollo Targets 10% Domestic Alloys Market

Leading Indian manufacturer Apollo Tyres has launched a range of alloy wheels under the brand name Acelere Wheelz to be sold through its passenger car tyre dealers in Dehli, Bangalore, Chennai and other major cities. At the launch, the company stated that it was “confident of capturing between 7 per cent to 10 per cent of the alloy wheels market in India,” and that it plans to release a new collection of rims every six months.

You don’t have to be an osteopath to realise that the company is adding muscle to the existing bones of its tyre business, but to underline the point Apollo plans to make Acelere Wheelz available in “combo” offers with the company’s Acelere, Acelere Sports, Aspire and Hawkz passenger car tyres. At present, the Indian alloy wheels market stands at an estimated figure of around 90,000 per month, of which 40 per cent is aftermarket, says Apollo. As yet, only 15 per cent of these come from the organised sector, with the rest imported.

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Triple P showcases Gulf Lubricants

In addition to the presence of tyre makers, the Aftermarket Show at Autosport International proved to be the ideal stage for Triple P, a division of Universal Automotive, to demonstrate its ability to attract performance brands, with the announcement of a distribution agreement with Gulf Lubricants UK. The road-going version of the Gulf-sponsored Le Mans winning Aston Martin DBR9 was the centre-piece of the company’s stand.

Keith Jewers, Gulf UK retail sales director joined the rest of the Triple P team and was present for the duration of the show to answer any questions about the brand. “Being at the heart of the Aftermarket Show and featuring in the TalkShop forums provided the perfect platform to really get the message across to both trade and consumer that Gulf Lubricants are back in a big way,” he explained. “The Gulf brand is synonymous with quality and innovation, and the high performance range of products we are offering through Triple P will be extremely comprehensive and competitive.”

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Johnson Announces Retirement, Berry to Lead ATD

Bill Berry has been tipped to be American Tire Distributors’ new CEO and president with the pending retirement of Dick Johnson, who will step down on 5 April. Berry, currently president and COO, joined ATD in 1998 when ATD (then Heafner Tire) merged with Itco Tire Co. He became executive vice president and COO in January 2002 and was named president and COO in May 2003.

Johnson will remain as chairman of the company for the next two years. He became chairman and CEO in May 2003, and during his tenure ATD doubled its sales to more than $2 billion and led the acquisition of numerous tyre distributors, including Am-Pac in late December.

“It has been my privilege to work closely with Bill Berry and the rest of the leadership team over the past decade to build a company that is stronger than ever and ready to shape the future of our industry,” said Johnson. “The changes announced today are the result of a succession plan developed over several years and designed to ensure a seamless transition and strength, stability and continuity of leadership for our company.” (Tire Review/Akron)

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