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Goodyear Sells Resins Business

(Akron/Tire Review) Goodyear Tire & Rubber Co has agreed to sell its Wingtack adhesives resins business to Sartomer Company Inc, a unit of the French energy firm Total SA, for a reported $65 million. The sale includes a production facility in Beaumont, Texas, adjacent to Goodyear’s synthetic rubber plant there.

Goodyear said it will continue to supply raw materials to the adhesives resins plant. The adhesives resins business, with 115 employees, produces Wingtack brand hydrocarbon resins, which are used in pressure-sensitive and hot melt applications.

27th June 2005/by Tyrepress Editors

Niznekamskshina Looks to Global Cooperation

Management company Tatneft-Neftekhim’s CEO Zagit Sharafeev announced that European tyre makers Michelin, Pirelli and Nokian have expressed their intention to invest 30 million euros in the expansion of agricultural machinery tyre production at Nizhnekamskshina. The investment will be in the form of technology transfers and equipment supplies. “In our view, Nizhnekamskshina should benefit from the cooperation with the global tyre majors,” Russian CentreInvest analysts reported. cja

24th June 2005/by Tyrepress Editors

Michelin To Close French Truck Tyre Plant

Michelin is preparing to close a small truck tyre plant in France, Deutsche Bank analysts have reported. According to the analysts, the company will close its Poitiers plant (which employs some 500 people) and transfer truck tyre production to Tours. The larger Tours plant has 2000 employees.

”Since we expect 30 per cent of the group’s Western European workforce (or 17,000 people) to be retired by the next five years, this will underline a significant reorganisation of the group’s industrial organisation, involving their 31 European plants,” the analysts commented. 26 of Michelin’s European plants can be found in Western Europe, while the remaining five are in Central Europe.

24th June 2005/by Tyrepress Editors

Kargro Buys a Second CM Tyre Shredder

Columbus McKinnon is proud to announce the sale of a second CM Single Speed Tyre Shredder into the European marketplace. The machine has been purchased by Lintire, a division of The Kargro Group, which is located in Montfoort, Holland.

14th June 2005/by Tyrepress Editors

First Hakkapeliitta Tyres Produced at Nokian’s Plant In Russia

The first Nokian Hakkapeliitta 4 winter tyres have been produced on schedule at Nokian Tyres’ plant in Vsevolozhsk, Russia. Actions to increase production have begun with the target to produce 200,000-500,000 tyres during 2005. The installation of a second production line will begin in the end of the current year. The official opening of the factory will be in the early autumn.

13th June 2005/by Tyrepress Editors

Continental Expects $122.7 million Loss in US

Continental AG is expecting a loss of $122.7 million in its US passenger-car tyre business this year, Hannoversche Allgemeine Zeitung has reported. The business posted a loss of $98 million the year before. The newspaper did not name any sources but did report that up to 300 of the 1,400 jobs in its plant in Charlotte, North Carolina, plant would be cut in July and production would be reduced by a third to roughly 16,000 tyres per day.

7th June 2005/by Tyrepress Editors

Alliance Ends First Quarter with $5 million Dollar Net Profit

In the first quarter of 2005 Alliance Tire reported net profits of around $9.2 million including deferred tax assets of around $4 million. Alliance’s first-quarter exports amounted to $29.3 million, a growth of 16.7 per cent over the first quarter of 2004. Sales for the first quarter amounted to $37.6 million compared to $32.1 million the previous year, an increase of 17.1 per cent.

6th June 2005/by Tyrepress Editors

Continental to Outpace Car Growth

“Continental AG will grow faster than automotive sector output in the years ahead,” chief executive Manfred Wennemer told an investment conference on Tuesday.

“Also in coming years — based on the orders we have in our books — we will grow considerably faster than the relevant car (sector) production,” he said, noting that Continental grew some seven per cent faster than relevant automotive production in 2004.

1st June 2005/by Tyrepress Editors

Cooper’s New HP Zeon

Cooper Tire has launched its latest high performance tyre the Zeon XTC to the European market.

Aimed at a range of vehicles from a Ford Focus to a Jaguar X-type the tyre is designed to offer a quiet, comfortable and confident drive in both wet and dry weather.

31st May 2005/by Tyrepress Editors

Lanxess Increase Production

Lanxess has concluded the first stage of a program to increase production of neodymium polybutadiene rubber, or Nd-PBR in response to growing demand for high performance rubber.

The program will modify existing manufacturing lines so that multiple grades of material can be produced on the same line, including Nd-catalyzed PBR as well as lithium-PBR and solution styrene butadiene rubber SSBR.

25th May 2005/by Tyrepress Editors

Cordenka to Increase Tyre Rayon Production

Cordenka has announced that it will invest 5 million euros in the modernisation of its rayon production facilities in Obernburg. The move is designed to further increase the plant’s capacity for rayon yarns destined for reinforcing (ultra) high-performance car tyres.

In 2004 the company expanded its capacity by 1500 tonnes. Now Cordenka is aiming to expand by a further 1500 tonnes, taking the total capacity to some 32,000 tonnes. The company reports that it would like to make the 40,000 tonne mark in subsequent years.

According to the Cordenka, the ongoing strong demand for rayon tyre yarns has resulted from developments in the field of ultra high-performance tyres and also reflects growing market interest in run flat tyres.

20th May 2005/by Tyrepress Editors

Reality TV Comes to the Garage

British garage technicians are being offered the chance to star in a television series being made in Spain. ‘The Garage’ will follow the progress of an independent garage set in the expatriate community on the south coast of Spain. Endemol UK, the production company involved, was responsible for the highly successful ‘fly-on-the-wall’ series about a hairdressing and beauty operation, ‘The Salon’.

19th May 2005/by Tyrepress Editors

Hankook’s Plans for Slovakia Plant Facing Hurdles

(Akron/Tire Review) Confusion over the state’s incentives is emerging just days after Hankook Tire announced its decision to build a new tyre plant in Slovakia. In return for its investment, Hankook made several requests, one of which was the construction of a speedway between Nitra and Hronský Benadik by 2009 and a four-lane road between Levice and Hronský Benadik by 2010.

18th May 2005/by Tyrepress Editors

Kayaba Wins OE Contracts

Kayaba has increased its original equipment business with PSA Citroen and Toyota, supplying shock absorbers for the Citroen C1, Peugeot 107 and the Toyota Aygo. All three vehicles share the same platform and will be manufactured at the Toyota Peugeot Citroen Automobiles (TPCA) plant at Kolin in the Czech Republic. Initially, the shock absorbers will be supplied from Kayaba’s factory near Pamplona in Spain, but this will switch to a purpose-built factory in the Czech Republic. This plant is due to begin production in February 2007.

9th May 2005/by Tyrepress Editors

Nizhnekamskshina Sales and Production Up, Profits Down

Nizhnekamskshina, one of Russia’s largest tyre manufacturers, has published first quarter 2005 figures. Although, sales were up by 1.3 per cent to $91 million year-on-year, the company reported a net loss of $3.1 million against the $3.8 million net profit it recorded in the same period last year. Car tyre output rose by 0.2 per cent to 2,547,400 units, but fell by 2.4 per cent in value terms to $86.6 million.

3rd May 2005/by Tyrepress Editors