shares Archives - Page 29 of 76 - Tyrepress

Posts

A growing manufacturer in a growing market – Pirelli's truck business

Ugo Forner, senior vice president of Pirelli’s truck business unit, shares an insight into a sector of the world’s fifth largest tyre maker that is sometimes concealed in the shadow of the company’s sporting ambitions (such as Formula 1) and its positioning as a leading high performance passenger car tyre brand. This sector is of course commercial vehicle tyres, a business in which Pirelli has a presence in many markets around the world, including South America, where it is market leader; indeed, the region is considered the company’s “cash cow”.

9th February 2012/by Tyrepress Editors

Bandvulc staff celebrates 40 years in the business

Retreading specialist and fleet service provider Bandvulc recently celebrated its 40th anniversary. The Devon-based company marked the occasion at a recent end of year review. “With much subterfuge, code words and red herrings, members of staff managed to prepare a commemorative photobook, arrange a surprise gift and compile a 45 minute presentation to celebrate the occasion,” Bandvulc shares. During the proceedings commercial director Philip West delivered a light-hearted overview of the past four decades and secretly contributed messages of congratulations and best wishes from numerous customers and suppliers were shared with the O’Connell family, along with several mementoes.

8th February 2012/by Tyrepress Editors

April launch for Hankook Tire America dealer programme

At a recent dealer event, Hankook Tire America unveiled plans to launch an associate dealer programme during 2012. US-based industry publication Tire Review reports company officials as saying the as-yet unnamed programme will be formally introduced on 1 April. While details are still being finalised, the programme will apparently feature a tiered volume- and product-based bonus reward system. Participating dealers will receive start-up and POS kits. Hankook shares that distributors will be eligible for cash rewards based on sales volume and sales of key premium tyres.

3rd February 2012/by Tyrepress Editors

Mel settles Green Rubber share spat

Celebrity news and gossip site tmz.com reports Mel Gibson has settled the tyre tech-related lawsuit brought against him by Nader Sherif. The settlement involves Gibson’s payment of an undisclosed sum to Sherif, and further details have not been made public.

3rd February 2012/by Tyrepress Editors

Michelin makes notes repurchase

In a press statement intended for readers located outside of the USA, Compagnie Générale des Etablissements Michelin announced it has repurchased open market shares between October 2011 and January 2012 for more than ten per cent of the issued number of its lowest ranking subordinated notes (titres subordonnés remboursables de dernier rang), due 3 December 2033, for an aggregate nominal amount of 500,000,000 euros admitted to trading on the regulated market of NYSE Euronext Paris under ISIN FR0010034298. Following the repurchase which is mentioned in this information, the outstanding nominal amount is 97,938,000 euros.

2nd February 2012/by Tyrepress Editors

New representative for Pirelli savings shareholders nominated

During a special meeting held on 31 January, the holders of Pirelli & C. SpA savings shares nominated Professor Giuseppe Niccolini as their common representative for the years 2012, 2013 and 2014. He will replace Giovanni Pecorella, whom Pirelli wishes to thank for his service.

1st February 2012/by Tyrepress Editors

Analysts: Schaeffler refinancing its debt is a positive for Conti

Schaeffler AG, which currently controls what is effectively a 60 per cent stake in Conti, has announced plans for new credit worth around 8 billion euros. In addition to this refinancing, the company announced plans to issue 2 billion euros of bonds.

According to financial analysts at Morgan Stanley, this all comes around the same time as ratings agencies Stand & Poor’s and Moody's are planning to publish official credit ratings. And all follows Schaeffler’s decision to change its legal form into AG back in September 2011 in order to gain better access to capital markets.

30th January 2012/by Tyrepress Editors

Starco introduces nano-coating to steel wheel range

A world first has been claimed by Denmark’s Starco. The company reports it has begun coating the steel wheels it produces, both pressed and spun, with the ‘e-coat’ nanotechnology treatment. The application of e-coat during the steel wheel production process began at Starco’s Beli Manastir, Croatia wheel plant at the start of this year, following the installation and commissioning of equipment there in the final quarter of 2011. Starco says it is currently the only press wheel manufacturer using e-coat.

27th January 2012/by Tyrepress Editors

Titan readies production at ex-Goodyear plant

Titan Tire will utilise the former Goodyear plant in Union City, Tennessee to produce and redistribute materials to other company facilities. Tire Review shares that Titan Tire chairman Bill Campbell told local media that the plant’s operation – polyester and blending rubber and steel strands used in tyre belts – will create 300 jobs by the end of 2012.

26th January 2012/by Tyrepress Editors

Birmingham rider collects Pirelli-Blackhorse BSB prize

Birmingham motorcyclist, Mitu Rahman has won a Pirelli Yamaha YZF-R1 British Superbike ‘pace bike’ in a competition organised by the Italian tyre company and Black Horse Consumer Finance. The bike was also signed by 2011 BSB champion Tommy Hill, and comes equipped with the latest Pirelli Diablo Rosso Corsa tyres. The bike helped Hill beat American rival Hopkins to take the series crown in the final round at Brands Hatch by 0.006 seconds.

20th January 2012/by Tyrepress Editors

Preliminary figures show 2011 growth at Delticom

Online tyre dealer Delticom reports that 2011 was “again a successful year.” The German-based company’s preliminary figures for the recently concluded financial year show a 14.4 per cent increase in revenues, to 380.0 million. During the 12 month period EBIT grew 9.6 per cent to 52.2 million and earnings per share were up 8.4 per cent to 2.99 euros.

19th January 2012/by Tyrepress Editors

New car registrations down 4.4% in 2011, 2012 expected to be flat

The car industry reported that new car registrations fell 4.4 per cent in 2011, with new car demand totalling 1,941,253 units in 2011. That said the total was ahead of the 1.92 million forecast. The SMMT, which collates national registration statistics projected that 2012 will be “broadly flat.” Nevertheless a firmer recovery expected in 2013.

6th January 2012/by Tyrepress Editors

Are we too tight-fisted for winter tyres?

Roadside service provider Mondial Assistance shares that cost is a major factor putting UK motorists off purchasing winter tyres. In a recent 200-person survey it conducted, just under two thirds of respondents said they do not intend to fit winter tyres to their vehicles; from this group, 46 per cent said they won’t fit winter tyres as they cost too much money.

6th January 2012/by Tyrepress Editors

Conti launches EV-specific tyre range

According to Continental, an estimated 2.8 million electric vehicles will be registered worldwide and on the road by 2020. To cater to this currently small yet fast-growing market, the tyre maker has introduced the Conti.eContact, a new range featuring dimensions specifically aimed at electric vehicles.

5th January 2012/by Tyrepress Editors

Yokohama releases English-language CSR report

The English language version of Yokohama Rubber’s 32-page CSR Report 2011 is now available. Two versions of the company’s corporate and social responsibility document are available – a print version, which is available to download as a pdf, and a digital version. This second option contains more detailed information than the print version, the company shares. Both versions were first published in Japanese in August 2011.

3rd January 2012/by Tyrepress Editors