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Goodyear Revises Union Offer, Gets Blasted For Tyler Closing

(Akron/Tire Review) With no real signs that strikes at 16 of its North American plants will end any time soon, Goodyear Tire & Rubber Co. has begun hiring “temporary” workers at most of the facilities. Various news reports also say that some striking workers at Goodyear plants have crossed the picket lines and have returned to work. Meanwhile, the United Steelworkers condemned Goodyear Tire & Rubber Co.’s decision to close its Tyler, Texas, tyre plant, saying it was a “further example of the management’s foolish notion that believes it can shrink a company to prosperity.”

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Related news:

  1. Keegan: Goodyear is an ‘Aggressive Marketing Company’
  2. Goodyear Sets Quarter and Half-year Sales Records
  3. Lots of Rumours, No Movement as Strike Continues
  4. Goodyear Names New OE Tyre Leader
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Yokohama North America to Sponsor LA Auto Show

Yokohama Rubber Co., Ltd. has announced that its Yokohama Tire Corporation subdiary has become an official sponsor of the Los Angeles Auto Show 2006. The sponsorship deal will last for three years. This year’s show will be staged from 29 November through to 10 December.

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Related news:

  1. Yokohama Results for First Quarter
  2. Toyo and CTNA Recall GTY Truck Tyres
  3. Yokohama Thai Subsidiary Officially Opens
  4. Yokohama Bringing New Rubber to Geneva
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SEMA Show 2006: Dunlop Muscles Up

(Las Vegas/Tire Review) Goodyear Tire & Rubber Co. introduced a new Dunlop-branded line, an “extreme sports performance tyre with race-like characteristics for drifting, on-track and autocross motorsports.” The street-legal Direzza Sport Z1 is “Dunlop’s new halo tyre for enthusiasts who want maximum dry-weather traction on the street or at the track,” said Silvana Valencic, Dunlop’s segment marketing manager. The tyre unveiled on the opening day of the 2006 SEMA Show.

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Related news:

  1. Goodyear Expands Dunlop Direzza Brand
  2. New Dunlop Commercial Tyres Expand US Product Offering
  3. Goodyear Announced New Senior Marketing Position
  4. Retiring Hercules Chief Looks Back
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Cooper Announces Champ Atlantic Deal at SEMA

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Cooper has given details of a new motorsports partnership with the Champ Car Atlantic Series. “The Cooper/Champ Atlantic partnership is mutually beneficial. We have conducted extensive testing with the newly-designed Swift 016.a chassis and have been able to provide a tyre that allows for the best possible setup for optimal performance of both the car and tyre. The Cooper Tire racing slick allows for more adjustments in the mid-range, giving teams and drivers more scope overall. We are confident that the tyres will meet and exceed the teams’ expectations, resulting in high level competitive racing,” said Julian Baldwin, as vice president, European Operations, and managing director, Cooper Tire & Rubber Company Europe.

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Related news:

  1. SEMA Show 2006: Cooper Now Part of Need For Speed Game Series
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Cooper Gives Further Restructuring Details

Cooper Tire has given more details about how it will achieve its previously announced $100 million inventory reduction by the end of 2007. Analysts report that a recent update from the management pointed to improvement on all fronts. According to Deutsche Bank, the company has already achieved $40 million of its inventory reduction goal, and has identified approximately $34 million of its $70 million annual cost reduction target. Cooper is aiming for $170 million of total improvement from cost reductions and other initiatives.

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Related news:

  1. Analysts Lower Estimates on Goodyear and Cooper
  2. Sumitomo Rubber Publishes Strong Q3 Results
  3. Goodyear, Cooper Share Values Drop
  4. Analysts: Cooper Stock Worth ‘A Second Look’
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Michelin Pilot Power 2CT named MCN Product of the Year

The Michelin’s Pilot Power 2CT was named Motor Cycle News Product of the Year at an awards’ ceremony held at the National Motorcycle Museum on 26 October. The entries were judged on a number of criteria including product performance levels, innovation, sales success and success in meeting the needs of the market. The Michelin Pilot Power 2CT was launched to match the ever-increasing performance of sportsbikes, and at the same time, was designed to raise the level of road tyre performance to that of a track tyre.

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  1. Tyre Products Named in Construction Equipment’s Top 100
  2. Single Tyre Proposed for MotoGP
  3. Awards Presented at Last Rubber Industry Dinner…
  4. Michelin Snaps Up Motor Transport Innovation Award
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Continental Delivers Long Tyre Life to Argos

With 130 million customers spending £3.8 billion a year buying items on-line and through its 670 stores, the Argos retail business needs a massive logistics back up. This requires a fleet of 600 tractor units and 1400 trailers operating from 11 distribution centres strategically located throughout mainland UK. That means that at any given time there are well over 5,000 tyres in contact with the road on Argos vehicles.

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Related news:

  1. Bandvulc Director Tires of Govt’s Recycled Arguments Against Retreads
  2. Conti, Marangoni Tie Up on Retread Plan
  3. EU Now Recovers More Tyres than US
  4. End-of-Life Tyres Highlighted in Independent Report
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Mani Counters Palazhi Tyres Allegations

Kerala (India) Congress leader and former minister K M Mani said a State Government probe into the affairs of Palazhi Tyres Ltd politically motivated. Mani said that no financial irregularity has been committed and the company documents will speak themselves.

“The only fault with the company is that the mission for setting up a tyre factory has not become a reality till date, for various reasons. It owns 37 acres of well-kept rubber estate having big valuation at Valavoor in Meenachil taluk. The company has been registered as per company and co-operative laws and it has an audited annual balance sheet,” KM Mani told local newspapers.

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Related news:

  1. Apollo Tyres Maintains Prices
  2. Ceat Sri Lanka to Make Most of Lower Rubber Prices
  3. Rubber Costs Cause Shrink in MRF Quarter Profits
  4. Indian trucking organisation threatens Apollo boycott
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Goodyear Texas Factory To Close

The Goodyear Tire & Rubber Company has announced the forthcoming closure of its tyre manufacturing facility in Tyler, Texas, as part of the company’s previously announced strategy to exit certain segments of the private label tyre business. When it made the private label announcement in June, Goodyear said that the decision would require a corresponding reduction in North American Tire’s manufacturing capacity and that plant performance, capabilities, cost savings opportunity and the focus on serving NAT customers would dictate capacity reduction.

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Related news:

  1. Goodyear to Invest $50 Million in Colombian Plant
  2. Michelin: Energy Tyres Have Saved 9.5 billion litres of fuel since 1992
  3. Compound Growth
  4. US Companies Asked to Provide Details of Recalled Tyres
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NRI to Close Two Recycling Plants

NRI Industries, one of Ontario’s biggest tyre recyclers, is closing two plants, with the loss of 425 jobs. Alan Power, NRI’s chief executive officer, confirmed yesterday that the company will end automotive parts manufacturing in the next three months, but hopes to survive by producing rubber mats, flooring and sound dampeners.

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Related news:

  1. Credential Launches £4 million Recycling Joint Venture
  2. Welsh JV Liquid Nitrogen Facility Opens
  3. Town Welcomes Recycling Plant
  4. Company Taps into Scrap Tyres for Carbon Black
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Cooper to Announce Quarterly Results

(Akron/Tire Review) Cooper Tire & Rubber Company will announce its third quarter 2006 financial results before the market opens on 8 November. A conference call discussing the financial results will begin at 11:00. (EST).

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Related news:

  1. Cooper to Announce Q3 Results
  2. Cooper to Announce 2008 Results on 26 February
  3. Goodyear Announces Termination of SEC Investigation
  4. Goodyear Announces Q2 2007 Earnings Release, Conference Call
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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.

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Related news:

  1. Sales Up, Earnings Down at Yokohama Rubber
  2. Yokohama Q1 Results ‘Stronger than Expected’
  3. Yokohama’s Income Decreases
  4. Yokohama Reports Positive Annual Results
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Continental Interested in Matador “Rubber“

According to German media reports, Continental is reportedly considering paying 150 million euros for Matador’s “Rubber” business unit, which mainly produces tyres. As this unit produces moulds and tyre construction machines in larger volumes than Conti does at its Hanover-Stoecken plant, workers have raised numerous objections against the move. Hanover-Stoecken was recently the subject of job cuts in its passenger car department.

Referring to the future relationship between Continental and Matador, company spokesman Hannes Boekhoff confirmed discussions are taking place: “The parties are negotiating about a possible extension of their strategic partnership to include the passenger car tyre range. The negotiations are not final yet.” Further details are not yet known and so far Matador has not released any information on the subject.

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Related news:

  1. Mature Markets
  2. Michelin: Energy Tyres Have Saved 9.5 billion litres of fuel since 1992
  3. Age Shall Not Weary Them…
  4. German Winter Tyre Sales Down, Reports Association
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All Round Safety

Continental AG’s two tyre divisions – Passenger and Light Truck Tires and Commercial Vehicle Tires – are addressing the company’s vision of making individual mobility safer and more comfortable with about 850 employees in the field of research and development (R&D). In order to manage the balancing act between scientific curiosity and practical use both tyre divisions have implemented an innovation management system. The tasks of the system include actively seeking new business fields and motivating staff to incorporate new ideas.

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Related news:

  1. Steer Clear of Ebay Used Tyres, Says Entyrety
  2. Cold Weather Tyres Promoted in The Times
  3. Continental ‘Working Hard to Reduce CO2’
  4. CTNA Debuts First General Winter Tyre
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Pirelli Promotes Three Vice Presidents

Three managers involved in the growth of Pirelli Tire North America over the past four years were honoured recently with promotion to vice president. Steve Carpino has been named head of R&D and product development; John Hagan is in charge of original equipment; and Andrew Kearton is responsible for manufacturing.

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Related news:

  1. Pirelli Receives Fourth Consecutive Safety Award
  2. Pirelli Releases 9-Month Figures, Considering Tyre Buyback
  3. Pirelli Earns Fifth RMA Award
  4. Kramer Elected Goodyear CEO & President
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