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CTO Investigates Tyres

Botwana’s Central Transport Organisation (CTO) is investigating suggestions that some governmental departments bought retreads from Spain thinking they were new tyres. The CTO says it has information to confirm that the tyres in question are not retreads.

However, Botswana’s national press agency (BOPA) has released a confusing report on the subject. “The word retread was used to conform to the European Environmental Standards meaning that the tyre is recyclable,” CTO general manager, Lt. Colonel Moakofhi Modisanyane is quoted as saying in response to a BOPA enquiry.

16th March 2007/by Tyrepress Editors

WTO Interim Panel Rules for EU in Brazil Retread Dispute

A WTO panel has reportedly made a preliminary ruling in favour of the EU’s complaint against Brazil’s retread import restrictions. According to local news sources, a confidential interim report circulated to the two parties on 12 March ruled that Brasilia’s policy of allowing imports from its Mercosur trade bloc while banning them from the rest of the world was not consistent with WTO rules. It is extremely rare that WTO dispute panels reverse the findings of their interim rulings.

Despite the apparent setback, Brazilian officials have expressed some satisfaction with the decision, suggesting that the findings would, if maintained, allow them to retain the measures with only modest adjustments.

16th March 2007/by Tyrepress Editors

Michelin Issues 610 million euro Convertible Bond

Michelin is issuing a 610 million euro convertible bond, which has the option of increasing to 700 million. According to a Deutsche Bank report, the move surprised us analysts as they expected company management to focus on generating “strong free cashflow.” However, the analysts added, “conditions look favourable: premium of 35-40 per cent on share price; limited dilution (potentially around 6 million shares); and limited cost (3.4 per cent).”

15th March 2007/by Tyrepress Editors

Borbet acquires Remaining Share in South African Subsidiary

In December 2006 the South African engineering and construction group Murray & Roberts announced that it wished to dispose of its 50 per cent share in alloy wheel manufacturer Borbet South Africa, based in Port Elizabeth. Now the recently released business half-year financial report for Murray and Roberts, ending December 31, 2006 indicates that the German Borbet Group has since this time itself acquired Murray & Roberts’ share.

The 50 per cent parcel was the remaining portion of the former alloy wheel company Alloy Wheels International. The Borbet Group purchased a 50 per cent share in the South African company on July 1, 2003 and took over management of the company.

14th March 2007/by Tyrepress Editors

Report: Hankook Boosting Shipments to Ford

(Akron/Tire Review) Yonhap news service reported that Hankook Tire Co. plans to increase tyre shipments to Ford Motor Co. next year. The report said Hankook will boost OE shipments to Ford by about 150,000 units.

8th March 2007/by Tyrepress Editors

BFS Renegotiating Plantation Agreement in Liberia

The Liberian government is currently in discussions with Bridgestone Firestone to renegotiate the concession contract for the tyremaker’s operation of the world’s largest natural rubber plantation.

7th March 2007/by Tyrepress Editors

Faulty Lambda Sensors Increase Pollution

NGK Spark Plugs, which manufactures lambda sensors under the NTK brand name, recently commissioned an independent expert report to determine the impact of a defective Lambda sensor on the output of toxic emissions and fuel consumption.

1st March 2007/by Tyrepress Editors

MAHA Opens New Production Facility

The new extension to the MAHA factory in Germany commenced operation following the Christmas break. The factory extension, built to accommodate the manufacture of 2 post electro hydraulic lifts, is considered by MAHA UK’s managing director, Gus Gregory, to possibly the most advanced lift production facility for the manufacture of 2 post lifts in the world.

26th February 2007/by Tyrepress Editors

ATS Euromaster Renews Driving School Contract

The nationwide driving school BSM, part of the RAC, has signed a new one-year contract with ATS Euromaster for the provision of new tyres and tyre services. The contract covers BSM’s fleet of over 3,500 dual control vehicles – the largest of its type in the UK.

26th February 2007/by Tyrepress Editors

Firestone Launches New Mass-Market Multihawk

Firestone has announced details of the long-term replacement for its F590FS tyre, a regular OE fitment on a number of mass-market hatchbacks and compact family cars – Including the Volkswagen Polo, Fiat’s Punto and Stilo and the Skoda Fabia, since its release in 2000.

26th February 2007/by Tyrepress Editors

Hi-Q Becomes Approved Supplier to Avonline Telecoms

National fast fit operator, Hi-Q Fleet, has secured a major contract to supply the tyre management service to an expanding telecommunications installation company. Avonline plc, based in Ashton Vale in Bristol, is one of the UK’s leading installation contractors and has a fleet of over 600 vehicles which cover the length and breadth of the UK.

21st February 2007/by Tyrepress Editors

April Launch for Automatic Tread Sensor

UK based company Truckfile is planning to launch what it claims to be the first ever device capable of automatically measuring tyre tread depth. Truckfile intends to launch this new product, known as Tyrecheck, at April’s CV show.

19th February 2007/by Tyrepress Editors

Environment Agency gives OK to Tyres as Fuel

The Environment Agency has given cement producer Cemex permission to use as a substitute fuel at its Rugby plant. This decision comes following a trial rigorously controlled and monitored by the Environment Agency.

According to the Environment Agency’s area environment manager, Ian Withers, the agency is satisfied with the trial’s results. “We have studied the report and the results of the tyre trial in great detail before coming to this decision,” he said. “We are satisfied that Cemex has met the requirements of its Permit and can now burn tyres in accordance with the conditions in the Permit.

6th February 2007/by Tyrepress Editors

MAM Software Launches Autocat+ v3.0

MAM Software has introduced Autocat+ v3.0, the next major release of its popular electronic parts cataloguing software for motor factors, accessory retailers and parts distributors. This introduces a number of significant enhancements to the application and further extends its functionality.

2nd February 2007/by Tyrepress Editors

Automakers Show Interest in Goodyear-USW Contract

Detroit’s “Big Three” carmakers are casting an eye on the contract signed between Goodyear Tire & Rubber Co. and the United Steelworkers union at the end of last year as a potential model to emulate. Of particular interest is the trust fund the company set up to separate themselves from the responsibility of future retiree health costs.

25th January 2007/by Tyrepress Editors