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HiQ scores 100% satisfaction in June

Fast fit network HiQ has achieved a first in June’s round of satisfaction surveys: a 100 per cent rate of satisfaction. During the month more than 750 drivers who took their vehicles into HiQ centres completed “mirror hanger” satisfaction surveys. Since being launched in November 2009, the HiQ Mirror Hanger campaign has targeted thousands of customers and has been replicated at around 4,000 retail outlets across Europe. The latest results follow on from 99, 98 and 99 per cent satisfaction scores in March, April and May 2012 respectively. All these results are independently audited, HiQ says.

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  1. HiQ launches in-branch promotional magazine
  2. November European market volumes dent year to date curve
  3. HiQ’s Carr promotes campaign to remove new MOT surprises
  4. Goodyear Dunlop appoints central, south-eastern Europe managers
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India’s tyre sector heavily affected by import duty structure – survey

According to business association the Federation of Indian Chambers of Commerce and Industry (FICCI), tyre manufacturing in India is one of the sectors most affected by what it calls ‘inverted customs duty structure’. Results of a FICCI survey show the tyre sector, along with several others, are most keenly disadvantaged by the structure of India’s import duties, which charge higher duties for imported raw materials than for imported finished products.

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  1. Lanxess Examining Options for Brazil Retreading Chemical Production
  2. Bridgestone Holds G-MEC Opening Ceremony
  3. Thailand woos global tyre manufacturers
  4. Michelin: H1 performance ‘in line with objectives’, net income down 45% yoy
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MRF more than quadruples quarter profit

MRF Ltd says its net profit increased 352 per cent year-on-year in the quarter ending 30 June 2012. The Indian tyre maker says it posted a net profit of Rs.1,445.6 million (£16.6 million) in the three-month period, up from Rs. 319.5 million in the corresponding quarter a year earlier. Net sales rose 16.6 per cent to Rs 30,118.9 million (£346.3 million) during the same period. Operating profit margin increased from 5.9 per cent to 10.7 per cent year-on-year.

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  1. Bridgestone Q3 punctuated by growth
  2. Sumitomo Reports Ninefold Increase in Net Income
  3. Agri OE Sector Weakness Affect Trelleborg Tyre Sales
  4. Strike blamed for weaker Ceat profit
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Strong UK sales boost EU bus and coach registrations

June was a good month for new bus and coach (>3.5 tonnes) registrations, which increased by 16.5 per cent, boosted by the good performance recorded in the UK (+97.9 per cent), Germany (+39.0 per cent) and France (+24.5 per cent). The Spanish (-15.4 per cent) and Italian (-21.5 per cent) markets declined.

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Related news:

  1. Mixed fortunes for EU markets in bus and coach sales
  2. Downturn continues for EU commercial vehicle registrations
  3. June European van market – only Germany shows growth
  4. September EU car registrations – UK bucks downward trend
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Analysts: Michelin results ‘impressive’

Michelin’s EBIT result of 1.3 billion euros beat market expectations by a huge 14 per cent, according to financial analysts. At the same time the company also announced a virtually unprecedented margin of 27 per cent in its Specialty Tyre division.

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  1. Analysts: Michelin Rights Issue ‘Overly Prudent’
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  3. Analysts: Continental ‘can still surprise’
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June European van market – only Germany shows growth

128,871 new vans (up to 3.5 tonnes) were registered in the EU, or 6.5 per cent less than in the same month last year. Germany was the only significant market to post growth (+12.3 per cent), while all others contracted. The French shrank by 0.8 per cent, the British by 2.5 per cent, the Italian by 30.3 per cent and the Spanish by 30.9 per cent.

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  1. 13.5 per cent decrease in September EU van sales
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  3. European car registrations fall again
  4. September EU car registrations – UK bucks downward trend
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Analysts on Pirelli results: ‘No warning in sight’

While seeking to allay fears that Pirelli will miss its targets when the Italian-based tyre manufacturer releases its second quarter figures on Thursday, financial analysts have suggested that Pirelli shares are overweight and that a price correction is “overdue.”

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  1. Pirelli Second Quarter 20% Ahead of Analysts’ Consensus
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  4. Repositioning taking place at the top of Pirelli
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Additional delay for Birla Tyres’ pcr project expected

In its results for the quarter ending 31 March 2012, India’s Kesoram Industries reported pushing back the completion date for its Birla Tyres passenger car radial and truck and bus tyre radial projects, but now the pcr capacity expansion project may face further delays. The IANS news service reports comments made by Birla Tyres CEO Arvind Singh on the sidelines of the company’s Annual General Meeting; Singh told journalists that Birla has “not yet decided” when the passenger car project – which through a Rs 7.5 billion (£87.1 million) investment would have given its Balasore plant a daily pcr capacity of 80 tonnes – will be commissioned. “We are considering the present market conditions,” he said.

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Anglian Water trials Michelin cold weather tyres

One of the UK’s largest water companies, Anglian Water, will begin a trial of Michelin’s cold weather tyres on its van fleet this winter. The company hopes to find a solution that will ensure its workforce can carry out vital duties safely and reliably in hostile weather. The company looks after more than six million domestic and business customers across the South East, and wants to carry out its operations unaffected by poor weather conditions.

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  1. Roman Fleet Switches to ATS Euromaster for Tyres
  2. Gregory Distribution Fleet Renews ATSE/Michelin £1 million Tyre Deal
  3. Focsa Cleans Up Tyre Policy With Michelin
  4. Paper merchant converts industrial fleet to Michelin
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Tyres play a starring role in Japanese EV research

If work being carried out by Professor Takashi Ohira and his team at Toyohashi University of Technology can be successfully applied to the real world, the day may come when we drive electric cars powered by current flowing through their tyres. The Toyohashi team is working on a project known as EVER, or Electric Vehicle on Electrified Roadway, and it says the technology being developed applies the same basic concept used on suburban electric railways for more than a century. On 5 July the Ohira and the Toyohashi team demonstrated its prototype technology at the WTP2012 trade show in Yokohama.

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  3. Tyre Rubber Filler Manufacturer to Build Asia Eco-Mineral Plant
  4. Yokohama breaks previous Pikes Peak EV record
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On your marks…

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Road Safety Markings Association is set to carry out the UK’s biggest survey of the state of white lines. From 16 July and throughout August, more than 6,000 miles of roads in England, Scotland and Wales – including the UK’s ten most dangerous roads identified by the Road Safety Foundation – will be assessed for the quality of their central white lines.

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  1. Road lines don’t come up to the mark
  2. North West motorists put cars before spouses
  3. Not-so-happy holidays
  4. What do you hate most about driving? – LeasePlan’s 2016 MobilityMonitor Survey
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Thumbs-up for 17-inch Pirelli WSBK rubber

Tests on the 17-inch tyres to be used in next year’s World Superbike Championship have yielded lap time improvements of up to 1.5 seconds. During yesterday’s joint Infront and Pirelli organised exercise, riders from eight teams tested the new, larger rubber at the Aragòn circuit in Spain; based on the feedback received, Pirelli will develop the new tyre in the standard SC1 compound and a range of further compounds. As of next year the tyres will also be marketed and made available to customers.

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  1. Pirelli to debut medium F1 compound on Valencia street circuit
  2. Pirelli “Delighted” With Opening GP3 Round
  3. Pirelli Riders Denied Superbike Finishes
  4. WSBK riders to test next year’s rubber
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Great opportunities for Euro-Tyre at Reifen 2012

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Mischa Driessen, purchasing manager at Euro-Tyre, reported a “very busy” Reifen 2012 to Tyres & Accessories. The Venlo, Netherlands-based wholesaler’s stand at the Essen show was a centre of activity between 5 and 8 June. “We had plenty of people on the stand, both old and new customers.” Driessen commented. “It was a great opportunity to exchange information. We are happy with the show, and we’ll be back for certain next time.”

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Related news:

  1. Reifen 2012 ideas and award winners presented
  2. Reifen 2012: Greenways, Phenoma centre stage at Lassa
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Cooper gives word on quarterly dividend

Cooper Tire & Rubber has announced a quarterly dividend of 10.5 cents per share on its common stock, payable 29 June 2012, to stockholders of record at the close of business on 1 June 2012. This is the 161st consecutive quarterly dividend paid by the tyre maker.

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Related news:

  1. Cooper Announces Quarterly Dividend
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Analysts raise Cooper target price

Deutsche Bank analysts have raised their target price for Cooper Tire & Rubber shares to US$19.00. In an investors’ note published 3 May, the analysts stated that Cooper Tire “reported stronger than expected Q1 earnings of $0.34 versus our $0.27 estimate. Margins were significantly higher than we expected (operating margin was 4.8 per cent versus our 3.9 per cent estimate). All of the upside versus our estimates was derived from lower than expected raw material inflation. Nonetheless, the results were impressive considering that they were achieved despite $0.32 of strike related costs. This reinforces our view that tyre companies are becoming more profitable at any volume. We maintain our Hold based on uncertainty surrounding structural industry changes.”

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