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Cam Systems Welcomes Back Founding Director

Pete Morys has rejoined Cam Systems 15-years after he left to set up his own software company. Morys is one of the best-known faces in the IT market and was a pioneer in the development of the software on which the market-leading Cameo program is based. He was technical director at Cam Systems between 1981 and his departure 12 years later in 1993.

In his new role as business development manager Morys will draw on his enormous technical and commercial knowledge to help customers develop the efficiency and productivity of their IT systems. He will work alongside fellow BDM Steve Collins and report to commercial director Steve Daly.

18th December 2008/by Tyrepress Editors

China Exported 140 Million Tyres in 2007 – Report

A newly released report into China’s tyre industry – states that the country, the world’s largest tyre producer since 2004, manufactured a total of 330 million tyres in 2007; of this number, 70 per cent were radials. Some 40 to 45 per cent of total output is exported, with 140 million units leaving China in 2007.

5th December 2008/by Tyrepress Editors

US Kumho Plant Delayed But Still Going Ahead

Following October’s report that construction work on Kumho’s Georgia, US factory was being delayed due to the global economic downturn and reduced automotive industry output, media sources continue to indicate a postponement, but not a cancellation, of the factory’s completion.

2nd December 2008/by Tyrepress Editors

Conti Considering Production Cutbacks

Production output at Continental AG will reportedly be reduced at the end of this year following cuts in production at most German vehicle manufacturers. According to Continental spokeswoman Antje Lewe, in the next few weeks the company will be “looking at each location individually” before deciding how long to curb production or at which facilities.

1st December 2008/by Tyrepress Editors

Goodyear Appoints Nolan to Senior HR Position

As of December 8, Goodyear Tire & Rubber will have a new director of Global Talent Management, Development and Diversity. The company announced on November 25 the appointment of Sherry Nolan to the position, which will be based at the company’s headquarters in Akron, Ohio. Nolan will report directly to Joe Ruocco, senior vice president of human resources.

26th November 2008/by Tyrepress Editors

Goodyear Suspending Production at Luxembourg Truck Tyre Factory

According to a news report broadcast by Luxembourg television station RTL, Goodyear will next week stop production at its Colmar-Berg, Luxembourg facility. The reason given for this week-long pause in production is a sharp decline in demand for truck tyres. According to the broadcaster, this stoppage is a one-off action. Since early October the manufacturer has first shut down production in the truck tyre factory on Sundays, and then also on Saturdays.

20th November 2008/by Tyrepress Editors

Bridgestone Among Mazda Share Buyers

Bridgestone Corporation is now an owner of Mazda, albeit a small-scale one. The tyre major was one of more than 30 buyers acquiring chunks of the 13 per cent stake in Mazda that was sold by Ford in mid-November. According to a November report in Japan’s Nikkei newspaper, Bridgestone has acquired 0.25 per cent of the outstanding Mazda shares, however the Nikkei did not indicate the source of this information.

20th November 2008/by Tyrepress Editors

Reports: “Porsche Not After Conti Stake”

Porsche has denied speculation that it may be interested in buying a stake Continental AG, after an earlier news agency report intimated that Schaeffler Group (Conti’s owner in waiting) may team up with another partner to buy all of Continental. “There is definitely nothing to this,” a Porsche spokesman told Reuters. In the months since Schaeffler bid 75 euros a share for a 49 per cent stockholding in Continental, speculation has linked most premium tyre manufacturers and a collection of investment banks with the tyre and automotive supplier.

17th November 2008/by Tyrepress Editors

Snapshot of UK Replacement Market Released

Research and Markets has released its “Snapshots UK Replacement Tyres 2008” report. It provides 2007 year-end market size data and 2008 estimates, as well as covering the past five years of historical data and looking forward with five-year forecasts.

The report, as its name suggests, is designed to give an overview of the UK replacement tyre market, covering both summer and winter rubber for passenger cars. Market volume figures are based on sales, with data supplied in tabular and graphical formats. The report excludes motorcycle, OE and retread tyres.

Snapshots Report Overview:
– Snapshots Executive Summary
– Category Definitions
– Market Size by Volume (2003-2007)
– Market Segmentation by Volume
– Market Shares by Volume
– Company Websites (Main Players)
– Market Forecast

17th November 2008/by Tyrepress Editors

Goodyear Awarded $2 Million for HQ, Research Centre

Goodyear’s headquarters project has been earmarked for $2 million state funding, as part of a programme introduced by the Ohio Department of Development. The grant is awarded on the understanding that the site will be “Job Ready.” The aim of the project is to provide help in setting up infrastructural aspects of employers’ new sites, allowing workers to begin sooner.

Goodyear’s $2 million, Akron-based news sources report, will help to finance the new headquarters and research and development centre in Akron. The company is part of a $900 million redevelopment of the existing Goodyear facilities and East Akron in general.

14th November 2008/by Tyrepress Editors

Toyo Sales Up, Income Down in Half Year Results

Toyo Tires has released its consolidated business results for the first half of this fiscal year (ending 31 March, 2009). The report shows that the company’s tyre segment had upped its net sales from 120 billion yen in April-September 2007 to 123 billion yen (£841 million; 1 GBP = 146 JPY) this half-year. However, the company’s operating income in the same period dropped to 1.13 billion yen (£7.77 million), 16.2 per cent of the same period in the previous year, which yielded 6.99 billion yen.

Meanwhile, in the second quarter (July-September 2008) net sales fell to 60.4 billion yen (£419 million) from 61.6 billion in Q2 ’07-’08, while the tyre segment produced a Q2 ’08-’09 operating loss of 126 million yen (£875,000).

12th November 2008/by Tyrepress Editors

Tyre Trouble Lands Man in Prison

Kwik-Fit recently urged us not to be DIPSTICs – Drivers In a Poor State to Inspect Cars. This prompting came following survey results showing an embarrassingly large percentage of us don’t really know how to check oil levels, maintain tyres or even open our car’s bonnet. A man in the US city of Aurora, Colorado would have done well to heed this advice…..

The 51-year old telephoned the police some time before 2pm on October 29 to report a flat tyre. Would the boys or girls in blue kindly come out and assist, he asked. Fortunately – or so it seemed – for the man, a patrol car was already in the vicinity. It had been dispatched to attend a hit and run accident in which three parked cars were damaged, and was already on its way when the officers were called upon to be good tyre Samaritans.

11th November 2008/by Tyrepress Editors

Smithers Publishes China Industry Report

Smithers Scientific Services Inc. (SSS) has published a “Tire Industry in China” research report. The 246-page paper was initially released simultaneously at CITExpo in Shanghai and ITEC in Akron, Ohio in September.

11th November 2008/by Tyrepress Editors

Transense Technologies Named as ‘Perfect Acquisition Target’

Research conducted by Business XL and patent mapping specialist Cambridge IP has named tyre sensor develop Transense Technology as a “perfect acquisition target.” According to the report, patent-rich ventures with healthy balance sheets and low market valuations are perfect takeover targets for companies seeking to expand.

Business XL identified AIM’s 68 most IP-intensive companies, which hold more than 5,000 patents between them, and has named the largest, smallest, best-performing, most cash-rich companies on the market. The study reveals that the ten most patent-rich companies on the market have filed more than 2,500 patents, while the ten most cash-rich intellectual property (IP) companies have £242 million on their combined balance sheets.

10th November 2008/by Tyrepress Editors

Yokohama Adds New Company Reports to Website

Yokohama Rubber has posted English language pdf files of its “CSR Report 2008” environmental and corporate responsibility report and “Site Information” report about its Japanese and international facilities on the company’s website. These reports, initially available only in Japanese when released in late September, can be downloaded at http://www.yrc-pressroom.jp/env_en/site01.html.

7th November 2008/by Tyrepress Editors