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Successful in the Speciality Niche – Carlisle Tire & Wheel

If the share price of its parent company is anything to go by, speciality tyre specialist, Carlisle Tire & Wheel, is having a successful time of it in the growing niche segment. Between year-end 2005 and the close of trading on 31 October Carlisle Companies’ share price has increased 21 per cent from $69.15 to $83.69.

Carlisle used November’s SEMA show to highlight a number of new products within the ATV/Utility vehicle, ST Trailer and Industrial segments. And, further to this aim, the company’s new 2007 product catalogue is available now. The company also dedicated a section of its booth to its growing Carlisle Certified Dealer (CCD) network.

29th November 2006/by Tyrepress Editors

Tyre Industry Hits a Host of Roadblocks

(India/Rubber Asia) After over 70 years of its existence and continuous development, China’s tyre industry is on firm ground. The Chinese tyre-making sector has now evolved into a huge, full-fledged industrial system that continues to attract international attention. However, there are obstacles to be overcome. After becoming a member of the World Trade Organisation (WTO), China’s tyre industry entered the era of diversified ownerships. And, the industry transformed itself into three types of ownerships – state-owned or state-controlled, private, and foreign-funded enterprises – from a wholly state-owned system. Thus, China’s tyre industry has entered a critical period and, in the process, is facing new challenges and responsibilities.

29th November 2006/by Tyrepress Editors

European Commission Awards LIFE-Environment Grant to Goodyear

The European Commission has awarded Goodyear a major research and development grant for development of an ultra low rolling resistance tyre with environmentally friendly resources. The grant of three million euros is part of the European Union’s LIFE-Environment program. The total cost of the project is more than 12 million euros. Goodyear is working in close co-operation with two research partners on this project – the Italian research company Novamont and the German carmaker BMW.

20th November 2006/by Tyrepress Editors

Increased Turnover and Profits For Pirelli Tire as Parent Makes Loss

Pirelli & C. SpA’s Pirelli Tire division achieved sales growth exceeding 10 per cent in the first nine months of 2006 and increased results from operations compared to the previous year. This performance was obtained despite the significant rise in raw material costs, which penalised the entire sector. Revenues were 2,990.6 million euros, up by 10.5 per cent compared to 2,706.9 million in the same period of 2005 (+7.3 per cent net of exchange rates).

15th November 2006/by Tyrepress Editors

Sales Up, Earnings Down at Yokohama Rubber

(Akron/Tire Review) Yokohama Rubber Co. today reported that its most recent quarterly net sales increased 10.5 per cent over the same period last year, while its net income plummeted 74.8 per cent for the same period. Yokohama said it had quarterly sales of 222.4 billion yen, and that the sales increase was due to business growth in North America and Asia, including increased OE tyre business. Sales increased 11.5 per cent in Yokohama’s Tire Group to 162.5 billion yen. Operating income in the Tire Group declined 69.7 per cent, to 1.1 billion yen, reflecting the rising prices for natural rubber and other raw materials.

9th November 2006/by Tyrepress Editors

Continental Confirms 2006 Earnings and Sales are Up

Continental will exceed the record sales and profit levels it achieved in 2005, according to executive board chairman Manfred Wennemer. At the interim results presentation, he stressed that the international automotive supplier had raised its adjusted EBIT by 10.1 per cent to 1.18 billion euros after nine months compared with the same period of 2005. “In our industry, it does not really make much sense to look at the quarterly figures. Nevertheless, the third quarter 2006 again shows that, with an adjusted EBIT of 410.3 million euros, we are nearly on par with the adjusted figures for the same period of 2005. In view of the costs for raw materials, which reached a temporary peak this quarter, and the production cutbacks of key customers in the US, we feel this is remarkable, since a year ago we achieved our best ever quarterly result.”

1st November 2006/by Tyrepress Editors

Yokohama Improve Results Prediction

Yokohama Rubber Co., Ltd. has revised its consolidated and non-consolidated forecasts for the first half of fiscal 2007 (1 April 2006 to September 30 2006). The current revised consolidated forecast includes 222 billion yen for net sales (just under £1 billion), a 0.9 per cent increase over the previous forecast, 3 billion yen for ordinary profit, a 172.7 per cent increase compared to same, and 3.3 billion yen (£14.75 million) for net income, a 450 per cent increase.

27th October 2006/by Tyrepress Editors

Tyre Prices Set to Soar In South Africa

A weaker rand in recent months and price increases in raw material has put pressure on the South African (SA) tyre industry, according to the chief executive at Continental Tyres SA. Claudio Boezio told journalists the last 18 months had been expensive for the manufacturing industry.

26th October 2006/by Tyrepress Editors

A Century Of Retreading

According to Kraiburg Austria, 2006 marks the centenary of retreading and, the company argues, giving new life to worn tyres is as important today as ever it was. The experts are not in total agreement, but many are of the opinion that the retreading of tyres started in 1906 in Germany, while 1908 is the year cited for England and China, and 1917 for the USA.

20th October 2006/by Tyrepress Editors

Sibur-Russian Tyres Announces Price Increase

Due to higher raw material costs Sibur-Russian Tyres LLC raises prices of the whole range of tyres sold to the company’s dealers worldwide. The price increase of 8 per cent on average went into effect on the 1st of October 2006. “This increase is a needed response to the constant escalating cost of key raw materials. But we are making all possible to minimize the impact of higher materials costs. We wish to thank our dealers for understanding during these changing times,” explained Dmitry Sokov, COO of Sibur-Russian Tyres.

5th October 2006/by Tyrepress Editors

Nexen Tire to Raise Prices in November

(Akron/Tire Review) Ontario, California-based Nexen Tire America Inc. announced price increases on passenger and light truck tyres that will take effect 1 November. The increases, up to 6 per cent, will vary by distribution channel and product line. The main reasons for the price hikes include rising raw materials, transportation and operating costs, according to Nexen.

26th September 2006/by Tyrepress Editors

Pneuman Heads Cooper Sourcing Group

(Akron/Tire Review) Wayne Pneuman has been named manager of curing, bladders and the global materials sourcing group for Cooper Tire & Rubber Co. In his new role, the 27-year Cooper veteran will be responsible for the technical aspects of the tyre curing process both domestically and internationally as well as the technical approval and control of raw materials on a global basis.

8th September 2006/by Tyrepress Editors

Kplus 30 Boosts Kraiburg’s Sales

One year after being launched, the high-performance Kplus 30 special compound tyres from Kraiburg Austria are successfully established on the market. Of the 11,000 tonnes of precured treads, that the company sold in Europe, 1,500 tonnes were notched up by the premium range Kraiburg plus, representing a remarkable 13 per cent of total sales.

In Germany, the pre-cured Kplus 30 currently generates eight per cent of sales. That brings the current overall market share of Kraiburg plus to two per cent in the core market of precured tyres. In conjunction with its twelve authorised retreading partners, who together cover more than 50 per cent of the Kraiburg precured retreading market, Kraiburg is planning to gradually further exploit the existing market potential in Germany. Three months ago Kraiburg welcomed a new, strong partner: Feneberg, a company based in Kempten, Germany. With 16 locations, the plant in the Alpine region of Allgäu now covers the entire southwest.

8th September 2006/by Tyrepress Editors

Pneuman Heads Cooper Sourcing Group

(Akron/Tire Review) Wayne Pneuman has been named manager of curing, bladders and the global materials sourcing group for Cooper Tire & Rubber Co. In his new role, the 27-year Cooper veteran will be responsible for the technical aspects of the tyre curing process both domestically and internationally as well as the technical approval and control of raw materials on a global basis.

7th September 2006/by Tyrepress Editors

Kumho to Raise Prices

(Akron/Tire Review) Kumho Tire USA Inc. announced that it will increase prices on 1 October. Passenger, light truck and commercial truck tyre prices will increase up to 5 per cent, depending on tyre model. Continuing price increases for raw materials and rising transportation costs were the reasons for the increase, according to David Hudrlik, vice president and director of sales.

24th August 2006/by Tyrepress Editors