Continental South Africa appoints new head of sales
Continental Tyre South Africa (CTSA) has named Shaun Uys as general manager, sales. The move took effect on 1 October 2012 succeeding Eddie Jordaan who left the company in August.
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‘No comment’ replies drive further Cooper acquisition speculation
NewsIt’s now more than a day since reports of a potential Apollo Tyres acquisition of Cooper Tire & Rubber hit the headlines, and Tire Review observes there has been far more speculation than denial since then – which it says brings into question just what is happening. And while silence may be golden, the lack of comment – or even flat denial – from either party has led to all manner of speculation.
Challenge to South African tyre recycling plan thrown out
NewsA South African court ruled yesterday that any tyre maker who didn’t adopt the country’s REDISA waste tyre management plant would “not be entitled to manufacture [or] import new, part worn or retreaded tyres” and would also be subject to sanctions outlined in the waste tyre regulations and other legislative provisions. This decision, given by Judge Piet van der Byl at the Gauteng North High Court, put an end to efforts by the SA Tyre Recycling Process Company (SATRP) and Bridgestone South Africa to block this.
Apollo Tyres featured in ‘Around the World in 80 Brands’ book
Company News, PremiumApollo Tyres is one of the brands featured in the CoolBrands book Around the World in 80 Brands, which aims to share stories with opinion formers around the world. Part of an overall concept that includes online seeding and sharing via social media, guest lectures at universities and workshops, the book includes articles about visionary people, smart brands and trendy destinations. “Apollo Tyres is pleased to be part of this global storytelling project,” comments Rob Oudshoorn, CEO of Apollo Vredestein.
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Conti ‘doing the Baartman’ in Sumter
Career TracksThe inaugural plant manager of Continental’s still under construction Sumter plant in the US has been named. South African Craig Baartman, a 18-year Conti veteran, will be responsible for the factory’s overall leadership of the facility which, according to Continental Tire the Americas’ CEO Jochen Etzel, is scheduled to open in late 2013.
Continental, Alliance managers to steer South Africa recycling scheme
NewsThe Recycling and Economic Development Initiative of South Africa (REDISA) has appointed Continental SA sales director Eddie Jordaan and Alliance Tyre Africa managing director Piet Swart to key positions within the fledgling recycling scheme. Both men take up their posts with REDISA on 1 September.
Sumitomo-Stamford JV a potential prelude to further collaboration
NewsStamford Tyres Corporation and Sumitomo Rubber Industries have commented further on their plans to set up a joint venture sales company in India. Yasutaka Ii, director and senior executive officer of Sumitomo Rubber, said “India is a market with huge potential. We are delighted to continue our partnership with Stamford Tyres which has a strong distribution track record, as part of our group’s expansion into new markets. This new joint venture will allow the two companies to leverage on their expertise to address the needs in the Indian market and tap onto this market’s huge potential.”
Apollo profits 79% up in April-June quarter
Company NewsIn addition to discussing strategic plans for the coming years, today’s Apollo Tyres annual general meeting saw the release of the company’s approved unaudited results for the first quarter of India’s 2012-13 financial year, the three months to 30 June 2012. During the quarter, net sales rose 12 per cent to Rs 31.65 billion (£367.5 million) and operating profit increased 48 per cent year-on-year to Rs 3.61 billion (£41.9 million). Net profit jumped 79 per cent to Rs 1.38 billion (£16.0 million); Apollo attributes this rise to “a more judicious product and customer mix.”
New investors expected to restart GTEA production
International News, NewsProduction at Tanzanian tyre maker General Tyre East Africa will reportedly resume within a year. Last year management of the company – which hasn’t produced a tyre since 2007 – was placed in the hands of Tanzania’s National Development Corporation, and the corporation’s corporate affairs manager now says that investors from China, Malaysia and South Africa have shown interest in the getting the company up and running again.
Conti installs new mixer in South African plant
NewsContinental has cut the ribbon on a new £8.5 million mixer at its Port Elizabeth tyre making plant in South Africa. Nikolai Setzer, member of Continental's Executive Board and head of the company’s global tyre business, was on hand to do the honours. Continental says the new mixer, which was imported from Germany, allows for superior temperature control during the mixing cycle, enabling a more accurate reproducibility of compounds and better dispersion of the fillers.
Apollo enters Nigerian market
International News, NewsApollo Tyres has rolled out its product range in the Nigerian market and the tyre maker has appointed the Stallion Group, a conglomerate that already boasts partnerships with several global vehicle manufacturers, as its representative within the country.
South African waste tyre plan approved
NewsSouth Africa’s REDISA (Recycling and Economic Development Initiative of South Africa) reports that the REDISA Integrated Industry Waste Tyre Management Plan has been approved by Edwina Molewa, the country’s Minister of Water and Environmental Affairs. The plan was gazetted on 23 July 2012, and REDISA notes that a 60-day period for affected parties to comply and for producers to subscribe applies.
Maxxis Conference aims to help African, Asian dealers grow brand
NewsMaxxis has shared details of the latest meeting of its Asian and African subsidiary companies’ representatives and distributors, who assembled in Pattaya, Thailand between 25 and 27 June. The meeting was the inaugural Maxxis Asian & African Distributor Conference, and Maxxis says it aimed to generate and share ideas to drive the tyre manufacturer’s business forward. Maxxis titled the conference, “Rev It Up – Beyond All Limits” to highlight the need for its partners to play a vital role in “creating momentum, overcoming current limits and achieving greater goals”.
Starco establishes presence in Africa
NewsThe Starco Group reports it has established a new entity in South Africa. The Danish-based company shares that a partnership agreement was signed in July with Mac & Tirecity – a major South African distributor that operates three strategically-located distribution centres in the region.
Cooper appoints Southern and Eastern African distributor
NewsCooper Tire and Rubber Company has entered into a new tyre distribution arrangement in Southern and Eastern Africa. Following the agreement, a newly established company called Top Draw Tyres will import the company’s full range of SUV, 4×4 and passenger Cooper manufactured products for sale Southern and Eastern Africa.
