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Titan makes European operation takeover approach

The odd ownership dance between Titan International and Titan Europe has kicked up again, with new reports that the US company has made an offer for some or all of the shares in the European operation.

In an official statement from the company, the board of Titan Europe acknowledged recent press speculation to this effect and confirmed that it has received an approach from Titan International Inc, which “may or may not lead to an offer being made for the whole of the issued share capital of the company.

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Related news:

  1. Titan International proposes £115 million all-share offer for Titan Europe
  2. Terms agreed for Titan Europe share offer
  3. Titan Europe Offered $375 million in Takeover Bid
  4. Titan International issues new shares as part of Titan Europe deal
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Marangoni promises premium alternative with Black Line

This autumn Marangoni Retreading Systems will launch a new product range it says will be “a real alternative” to premium new tyres. The Ringtread Black Line line-up, the Italian manufacturer shares, is the result of “massive investments by Marangoni in the most modern mixing and ‘moulding’ technologies to ensure extremely efficient and automated production.”

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  1. Reifen – Center Hofdmann Celebrates 25 Years
  2. Marangoni adds products to retreaded earthmover tyre range
  3. Vipal to Present Fuel Saving “ECO” Retreads
  4. Marangoni consolidates European presence, renames Ellerbrock
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Pirelli Egypt workers gain presidential ear

A sit-in involving some three hundred workers from Pirelli’s factory in Alexandria, Egypt, ended after assurances were made that their grievances would be presented to Egypt’s newly sworn in President, Mohamed Morsi. The Egypt Independent shares that the workers staged the sit-in in front of the presidential palace in Cairo on 5 July to protest against alleged violations of labour laws.

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  1. Pirelli details board nominations
  2. Extended Break For Pirelli Factory
  3. Pirelli Shareholder Camfin Negotiates Capital Increase
  4. Pirelli shareholder block evaluating early agreement dissolution
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TPMS rendered useless by apathetic component

Kwik Fit has identified a weak link in the tyre pressure monitoring systems fitted to modern vehicles – and that weak link is, it appears, you and I. The retail network commissioned a study to investigate motorist responses to vehicle warning lights – and discovered that almost a half of all drivers don’t know what a tyre pressure warning light means.

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  1. Robert Halfon MP Says Garages Should Hold Kitemark Standard
  2. RMI Call For Participation in Online EU MOT Survey
  3. Female marketing team striving for ‘High Street’ experience at HiQ
  4. Cambridgeshire Nissan, Ford dealer joins HiQ network
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Bridgestone Americas receives WHC award

US-based organisation the Wildlife Habitat Council (WHC) has awarded Bridgestone Americas’ director of environmental affairs, Tim Bent, its President’s Award. This is only the eighth time the award has been presented during the WHC’s 24-year history, and Bridgestone shares that it was given in honour of Bent’s “outstanding contribution to preserving and protecting the environment for future generations, while leading the commitment of Bridgestone Americas, Inc. and its employees worldwide on projects demonstrating contemporary approaches to environmental stewardship and conservation education at corporate sites worldwide.”

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Related news:

  1. Bridgestone expanding Bloomington, US plant
  2. Apollo Tyres to raise US$150 million through share sale
  3. New location for Bridgestone’s Shenyang plant confirmed
  4. Former Bridgestone Americas CEO Emkes retiring from finance role
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RMA survey – the US is an underflation nation

Much is said about the so-called ‘special relationship’ Britain shares with the United States, and surveys carried out by the US-based Rubber Manufacturers Association shows that our affinity extends to mutual apathy when it comes to tyre care. The RMA surveys produced similar results to studies conducted by TyreSafe and other organisations on this side of the pond; the industry association found that only about one in six vehicles boast four correctly inflated tyres and only 15 per cent of drivers actually know how to properly check tyre pressure.

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Related news:

  1. Yokohama breaks previous Pikes Peak EV record
  2. Many UK motorists stumped by a flat, shares Kwik-Fit
  3. Professional drivers the focus of dedicated TyreSafe mini-site
  4. Conti gives overview of green developments
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Transense signs Saudi Arabia deal

Shares in Transense Technologies rose on Friday 15 June after the sensor systems maker announced its trading division secured a strategic distribution deal with a Saudi group. The group told investors that its IntelliSAW business, a provider of wireless sensor systems for smart grid applications, has entered into a strategic distribution agreement with the energy projects and services division of Saudi Arabia’s Al Mashariq Trading and Contracting Co. The company also makes systems and tools for use in tyre TPMS and RFID applications.

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  1. Advanced ID Supplies RFID to Bridgestone/Bandag Brazil
  2. South African Tyre Industry Experiences Factory Strikes
  3. TAFF Awards Best Industry Advertising Campaign – Continental
  4. Resurgent US a region of vast potential – Onkar Kanwar
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Conti adds to ‘fifth generation’ performance range

Over the last two years, Continental has introduced its fifth generation of tyres. Representing the high performance segment is most notably the ContiSportContact5 and ContiSportContact 5P. A third, recently introduced addition to Continental’s high performance range is the ContiForceContact. Tyres & Accessories spoke to Continental brand manager Peter Robb about the line-up.

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  1. Maintaining pressure: what can we expect from the TPMS market in 2011?
  2. Pirelli announces 2010 Renault as F1 test car
  3. Road legal track tyre a first for Conti
  4. Conti gives overview of green developments
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R&D investment aids quality and technology within Hankook range

Hankook reports that five per cent of its annual revenue is directed towards research and development, an investment it says allows the development and production of the very latest in market-specific tyre solutions. Such investment is considered by the Korean manufacturer as key to ensuring optimum quality and technology within its high performance portfolio – a range it says is specifically designed to suit all types of motorists.

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  1. Hankook continues ‘success story’ with Ventus Prime2
  2. Hankook proclaims DTM influence in latest Ventus
  3. Are after-sale services going online?
  4. Hankook Design Acknowledged at iF Awards
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Developing the FK452 – T&A talks to Falken

The successor to Falken’s flagship FK452 is now available in the United Kingdom. Deliveries of the Azenis FK453 began in May, and shortly before the range’s local launch, Tyres & Accessories had the opportunity to speak with Falken tyre development engineer Sven Kruse, who is part of the Japanese tyre maker’s Frankfurt, Germany-based engineering team. Kruse talked T&A through the company’s new top high performance tyre, and explained the differences those familiar with the FK452 can expect.

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  1. UK debut for flagship Falken UHP tyre
  2. Haribo Racing switches to Falken for VLN and 24 Hour races
  3. Bridgestone uses Widest Tyre Compound Gap at German Grand Prix
  4. Falken to display vintage Sincera sizes at Classic Motor Show
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Pirelli – performance for every taste

Pirelli has more than 125 years of technical excellence and innovation under its belt and for many years its focus has been on the premium and performance end of the market. The furthest evolution in its current high performance P Zero range is the P Zero Corsa System. With a directional tread pattern for front axle fitment and an asymmetric pattern for the rear axle, this tyre is designed for both road and track. Paired with a racing tread compound, P Zero Corsa System is viewed as ideal for the most powerful cars in the ultra high performance sector.

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Related news:

  1. P Zero Silver – Pirelli’s first F1 derived road tyre
  2. Pirelli’s ‘Let’s Dance’ campaign “celebrates” F1 involvement
  3. Pirelli talks road and race tyre commonality
  4. One-stop Vettel makes Italian GP ‘straight-forward’
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Michelin catering to a proliferation of performance sizes

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According to Michelin commercial director Malcolm Scovell, 17-inch and larger passenger car tyre fitments – the sizes considered high performance – now account for approximately 25 per cent of the UK market. And despite a nine per cent decline in the overall passenger tyre market in 2011, this particular segment grew some 17 per cent. New high performance sizes are regularly added to what is becoming a market rich in individual fitments.

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Related news:

  1. Michelin Wins Manufacturing in Action Award
  2. Michelin unveils latest moto offerings
  3. Continental launches ContiPremiumContact 5 in Barcelona
  4. Trelleborg demonstrates benefits of optimising tyre pressure
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Will Schaeffler sell some Conti stock on rejoining DAX?

After years of relative quiet regarding speculation about ownership of Continental AG, a relatively weak first quarter at the company’s majority shareholder (Schaeffler) has kick started the rumour mill. The thinking is that the shareholder will off-load some of its share to free up cash flow and support the valuation of Conti as it re-enters the Frankfurt-based DAX German stock exchange.

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Related news:

  1. Analysts: Schaeffler refinancing its debt is a positive for Conti
  2. Continental triples share dividend estimates
  3. Analysts up Conti share price target
  4. Analysts predict Schaeffler will sell more Conti stock
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5 leading European tyre markets analysed

Research and Markets has published a report analysing key elements of the five leading tyre markets in Europe during the period 2011-2015; the UK, France, Italy, Germany, and Spain. The report notes the “significant impact” of the 2008-2009 economic crisis, during which all countries experienced reduced sales in 2008 and 2009, which was followed by uniform recovery through 2010, based on essential replacements. Each country went on to experience various levels of sales downturn in 2011.

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Related news:

  1. Titan aiming ‘to be like Apple’ in Europe – Taylor
  2. Pneus Online Launches Fourth Generation e-Commerce Website
  3. Motorists are Well-Intentioned but Lack Tyre Knowledge – Goodyear Survey
  4. Label’s effect has been weak or non-existent, says French association boss
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UK debut for flagship Falken UHP tyre

Falken is preparing for the UK launch of what it calls its strongest and quietest ultra high performance tyre, the Azenis FK453. The new tyre succeeds, both numerically and in Falken’s line-up, the FK452, a tyre Falken says has been revered by many car enthusiasts for its blend of performance and affordability. With the launch of this latest product, for the first time the Japanese tyre maker is offering Y speed rated fitments suitable for use at up to 186mph or 300km/h. The new range will be available in a total of 62 sizes, including a 20-inch version, to fit sports and performance cars such as the VW Golf GTI, BMW 1 Series M Coupe, Porsche 911 and Audi RS5.

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Related news:

  1. Developing the FK452 – T&A talks to Falken
  2. Falken Motorsports unveils upgraded VLN Porsche
  3. Falken Motorsports: The Movie
  4. Maxxis, Falken in action in British Drift Championship
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