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Goodyear cuts another 84 jobs at Wolverhampton

Another 84 jobs have been cut at Wolverhampton in the farm tyre division. This follows a denial that the transfer of agricultural tyre production to an off-take had any impact on Goodyear’s Wolverhampton agricultural tyre production. Six years ago the plant had around 3,000 staff, but the figure is now down to 600 and part of the site has been sold for commercial development. A spokesperson for Goodyear Dunlop said that Wolverhampton was still not as cost-effective as the group’s European average.

13th February 2004/by Tyrepress Editors

Iran tyre cord player emerges

Saba Tire Cord Manufacturing Complex of Iran has established a nylon tyre cord production facility about 15 km north east of Zanjan, Iran. The operation, which started up in April last year, is the largest such facility in the Middle East region, the company claims. Saba’s 600-employee facility has an annual production capacity of 15,000 tonnes of different tyre cord fabrics. Saba is owned by Rubber Industries Investment & Development Co., an Iranian holding company.

13th February 2004/by Tyrepress Editors

Alliance Tire: The agricultural specialist

Alliance Tire has some unusual barriers to overcome in its search for continued success. However the Israeli tyre manufacturer is focussed and determined to grow.

Most tyre manufacturers have the ability, in today’s global market, to sell anywhere in the world, certainly to their neighbours. Alliance is denied that opportunity by being an Israeli company. Yet despite being perhaps a key industry in Israel, Alliance still has to operate on a free market basis. Denied access to the obvious Middle East market, for reasons we may not always comprehend but certainly cannot have failed to have noticed over the past 50 plus years, Alliance has to work doubly hard to gain market share. That takes determination. It takes loyalty. There is no possibility of failure, therefore everyone must work to win. To understand that drive is to understand why Alliance Tire, a small, single plant manufacturer in a beleaguered state, has the potential not only to survive but to take a leading role in its chosen market sectors.

Alliance has long taken the view that developing niche products for specialist markets is the way to proceed. It has therefore developed its own technology and products to gain respect and a leading market share in its chosen agricultural sector. The requirement to develop and refine placed a burden on the company loans. However, with the appointment of Joseph Anglister as General Manager there was a turnaround in fortunes at Alliance and once more the company was back in operating profit. The turnaround came as the result of efficiencies created by the investment allied to a reduction in the workforce. Today the Alliance workforce has vastly improved its efficiency in production. However, the investment continues and next year will see the installation of a new state of the art calendaring line for inner liners.

28th January 2004/by Tyrepress Editors

Michelin and Volvo Sign a European Truck Tire Supply Agreement

Michelin signed a three-year agreement to supply Volvo Group with truck tires as original equipment on Renault and Volvo trucks assembled in Europe. The agreement confirms Michelin’s position as a major supplier of tires to the Volvo Group in Europe. The deal comes at a time when global radial truck tire production capacity is saturated, even as demand is expected to experience growth in the future. It is in line with Michelin’s commitment to balancing its operations in the original and replacement equipment markets in order to deliver optimal service quality across all markets, while maintaining its profitability.

27th January 2004/by Tyrepress Editors

Hayes Lemmerz Int. Expands its Aluminium Wheel Presence

Hayes Lemmerz International, Inc. purchased certain assets from Hayes Wheels Aluminio, S.A. de C.V., which operated a cast aluminum wheel plant in Chihuahua, Mexico. The Chihuahua aluminium wheel plant has been renamed “Hayes Lemmerz Aluminio, S. de R.L. de C.V.” and will be part of Hayes Lemmerz’ International Wheel Group.

16th January 2004/by Tyrepress Editors

Goodyear Run-Flat tyres for Cadillac and Corvette

The Cadillac CTS-V high-performance luxury sedan, the most powerful production car ever offered in the Cadillac lineup equipped with a 5.7-liter, V-8 engine producing 400 horsepower and 390 foot-pounds of torque, will run on Goodyear Eagle F1 Supercar run-flats in size P245/45WR18. General Motor’s latest Corvette will also ride on Goodyear Eagles. The new Corvette is slightly smaller than the current C5 model, and it will feature a new 6-liter V-8 engine that generates 400 horsepower, creating a combination that should make it the most powerful production Corvette ever. For the 2005 Corvette, Goodyear will supply Eagle F1 GS-2 EMT (Extended Mobility Technology) tires in a P245/40ZR18 size for the front, and P285/35ZR19 in the rear wheel positions. On the optional Z51 Performance Package version of the new Corvette, Goodyear Eagle F1 Supercar EMT tires will be the fitment.

13th January 2004/by Tyrepress Editors

Phillips Carbon Black profits up

Phillips Carbon Black has announced its net profit in the year ended in September had jumped 244 per cent on the back of a 10 per cent growth in sales. A spokesman for Phillips Carbon Black said significant growth in carbon black offtake was expected next year. “We have reached an agreement with a leading tyre manufacturer for export of 25,000 tonnes of carbon black. We are negotiating with another tyre manufacturer for a similar deal,” he added. The company is raising the capacity of its Baroda plant from 18,000 tonnes at present, to 88,000 tonnes. The production capacity of its plant at Durgapur is being scaled up by 25,000 tonnes to 150,000 tonnes.

19th December 2003/by Tyrepress Editors

SmarTire Q1 results

SmarTire Systems has announced results for the first fiscal quarter ended October 31, 2003. Gross revenue for the first quarter totalled 427,526 US dollars, an increase of 29,937 US dollars over the same quarter in fiscal 2003. SmarTire recorded a quarterly net
loss of 3.26 million US dollars compared to a net loss of 2.07 million US dollars. “Our first quarter results were affected by an inventory shortage caused in part to transitioning the manufacturing of our products to Hyundai Autonet (HACO),” says Robert Rudman, President and Chief Executive Officer of SmarTire Systems. “HACO is quickly finalizing its production line and is preparing a build of SmarTire TPMS products to fill the backlog of orders booked but not shipped in Q1.”

15th December 2003/by Tyrepress Editors

Yokohama tyre plant for Rayong (update)

Yokohama Rubber Co aims to open a new plant in Thailand, planning to roll out tyres in April 2005. It plans to set up a company there in January to make radial tyres for trucks and buses. The company plans to spend 5.5 billion yen to build a plant in Rayong that will have an annual production capacity of 300,000 tyres in its initial phase. In the second phase annual production is scheduled to double to 600,000. Its main product will be 22.5-inch tyres, and they will be exported to markets around the world. Yokohama Rubber plans to acquire a site of up to 225,000 square metres in Rayong’s Amata City industrial park for the new plant. The plant will employ a “small-batch” production system, which is designed to maximises cost efficiency even on a relatively small production scale, Yokohama Rubber said. The company adds that it may build more tyre plants in Thailand in the future.

12th December 2003/by Tyrepress Editors

Hyundai to hike prices

Hyundai has announced that it will raise prices of its vehicles by around three per cent, starting next month. The company says that the increase is necessary, as rising prices of steel and tyres have put pressure on production costs.

10th December 2003/by Tyrepress Editors

Hayes Lemmerz Reports Q3

Hayes Lemmerz has reported financial results for the three months ended October 31, 2003. The Company said that earnings from operations totalled 13.9 million US dollars for the quarter, with gross profits remaining consistent, as compared to the same period in 2002. This is despite the increased depreciation expenses and lower OEM production requirements. Net sales for the three month period totalled 530.9 million US dollars, compared to 535.4 million US dollars for the comparable period in 2002. The Company reported a net loss of 10.0 million US dollars, compared to net income of 3.7 million US dollars for the comparable three months in 2002.

10th December 2003/by Tyrepress Editors

Quality award for Goodyear Philippines

Goodyear Philippines Inc. has been recommended to receive the latest global quality certification standard, ISO/TS 16949:2002. The standard specifies quality system requirements for design, development, production and installation of automotive-related products. Goodyear Philippines is the first of the company’s factories in the ASEAN region to achieve the new standard.

5th December 2003/by Tyrepress Editors

Dayton under threat again

The future of Oklahoma City’s Dayton Tire plant is threatened by a dispute between two power supply companies.

3rd December 2003/by Tyrepress Editors

ThyssenKrupp Deepens Ties With Alfred Herbert

ThyssenKrupp Elastomertechnik GmbH, the world’s largest manufacturer of tyre machinery and a part of the Euro 35 billion ThyssenKrupp group, has deepened its alliance with the RS Lodha-managed Alfred Herbert India Ltd by signing an additional technical collaboration agreement.

2nd December 2003/by Tyrepress Editors

Fintrade pulls out of wheel manufacture

Alloy wheel manufacturer Fintrade has taken the decision to run down and cease production of its own make alloy wheels. The company says that it cannot compete with products from emerging markets and that the closure of the factory was the only route open to avoid financial ruin. The company has announced an orderly run down of production and will be liquidating the assets of the business to service debts in order of preference. It is expected that there should be no shortfall at this point in the proceedings.

2nd December 2003/by Tyrepress Editors