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What Will Reifen 2010's 550 Exhibitors Bring to the Show?

With tyre businesses forced to face the unprecedented combination of global recession, high raw material costs and increasingly thorough legislative demands, the two years since the last Essen show have been some of the toughest in the market’s history. And yet, if you will excuse the pun, the tyre business seems to have a perpetual ability to “bounce back” in the face of adversity. In fact some brands – largely those operating in the mid and upper mid range segments – actually outperformed their pre-recession sales records, resulting in increased market share at least in terms of units sales.

That said, all businesses have had to cope with the same credit crunch-induced reticence amongst consumers to spend any money at all, while at the same time having to deal with (either directly for the manufacturers or indirectly for those importing, wholesaling and trading) high input costs for raw materials such as natural rubber.

27th April 2010/by Tyrepress Editors

Stamford Tyres to Introduce New Performance Tyre

Singapore based Stamford Tyres plans to use its appearance in Essen to promote a new high performance tyre. The company also gave details of the latest addition to the company’s international sales team. Rob Henderson, who is well known in the tyre industry and previously worked for London-based Eskay Tyres and Goldspark Trading, was recently appointed business manager (UK and Europe) for Stamford’s Sumo Firenza brand.

However, taking centre stage will be the new Sumo Firenza ST05A ultra high performance tyre, which is based on an asymmetric pattern and comes in a range of 34 sizes inclusive of 19 and 20 inch diameters. According to the company, the Sumo Firenza ST05A has been specifically developed and manufactured for the European and UK tyre markets and its official introduction has been targeted for Reifen 2010. This latest product from Stamford Tyres has been designed with low noise and rolling resistance in mind together with high grip levels in wet road conditions complying with all the latest European tyre standards.

14th April 2010/by Tyrepress Editors

Stamford Quarter Sales and Profits Up

Stamford Tyres has released unaudited results for the third quarter of its 2010 financial year – a quarter that, unusually, spans the period between November 1, 2009 and January 31, 2010. The company attained a total revenue of S$81.73 (£) during the quarter, and increase of 29.21 per cent on the same period a year earlier. Net profit amounted to S$2.37 million (£), compared with a profit of only $102,000 during the corresponding quarter of the previous financial year.

19th March 2010/by Tyrepress Editors

Stamford Launching Falken Brand in Africa

Stamford Tyres is an established exhibitor at Tyrexpo Africa and has supported the show since being launched in 2004. In March the Singapore based company will once again be using the show to further endorse the group’s growing presence in the South African tyre and wheel market.

5th February 2010/by Tyrepress Editors

Over 140 Exhibitors Prepare for Bumper Tyrexpo Africa

Visitors to Tyrexpo Africa in Johannesburg in early March will have more than 140 exhibitors to talk business with as they look to take advantage of exclusive brand opportunities with tyre suppliers and improve the efficiency of their businesses with the latest workshop equipment, consumables and services. According to the show’s organisers, the third staging of Tyrexpo Africa (4, 5 and 6 March 2010 at the Sandton Convention Centre (SCC), Johannesburg) has experienced a late surge of exhibitor bookings taking the show to near stand space capacity.

14th January 2010/by Tyrepress Editors

Dr Wee Appointed Stamford Tyres Director, Committee Member

The Board of Directors of Singapore based Stamford Tyres Corporation has announced the appointment of Dr Wee Li Ann, daughter of company president Wee Kok Wah, as a non-executive director. The appointment took effect on December 9. Dr Wee will, adds Stamford, undertake formal training on her roles and responsibilities as director of a public listed company in Singapore in ‘due course’.

11th December 2009/by Tyrepress Editors

Infinity to Launch UHP tyre range at Tyrexpo Africa 2010

Tyrecor is planning to launch a new range of Infinity UHP tyres into the South African market at Tyrepxo Africa next year. Confirming the news, managing director Charl de Villiers said: “Infinity will be launching an exciting new range of products into the Southern African market at the show next March, which will include Ultra High Performance tyres up to and including 21 inches in V and W speed ratings. The Infinity brand already enjoys a large following in Europe and other parts of the world and we have received numerous requests from our dealer base to expand our current range. “We feel that Tyrexpo Africa is the ideal platform to launch this range due to the exposure it offers exhibitors,” he said.

By mid-July, floor space for TyrexpoAfrica’10 was more than 55 per cent occupied and on track to meet targets set by organiser ECI International. There is a current balance of 40 per cent national to 60 per cent international companies exhibiting, with strong representation from China, India, south east Asia, Europe and the US.

15th July 2009/by Tyrepress Editors

Stamford to Emphasise Versatility of Range

Stamford Tyres will once again be exhibiting at CITExpo, the Singapore based company is using the forthcoming show in Shanghai to further endorse the group’s growing presence within the Far East and global tyre and wheel market. At Citexpo 2009, Stamford Tyres will emphasize the group’s versatile range in car, high performance, light commercial and truck sectors of the industry.

7th July 2009/by Tyrepress Editors

Tyrexpo Africa to Add Industry Conference to 2010 Show

Plans for a tyre industry conference held as part of the next staging of Tyrexpo Africa in Johannesburg in March 2010, have been announced by event organisers ECI International. ECI wants to extend the scope and pulling power of the exhibition and has been encouraged to add a conference session by exhibitors and partners in South Africa. The one day conference will focus on key issues in tyre and rubber manufacturing, tyre retailing, developments in technology and the impact of new legislation. Keynote speakers will be drawn from the South African industry, together with major international players. The third staging of Tyrexpo Africa will take place at the Sandton Convention Centre, Johannesburg on 4, 5 and 6 March 2010.

29th April 2009/by Tyrepress Editors

Mayfield Back at Del-Nat…as President

Well-traveled tyre executive Jim Mayfield has been named president of Del-Nat Tire Corp., returning to the company he once served as marketing vice president. Mayfield took over for Ed Fabrizio, who left the private brander last December without explanation. Mayfield was marketing vice president for Del-Nat from 2004 to 2006, and subsequently held posts with Stamford Tyres and most recently with Yokohama Tire Corp.

Prior to joining Del-Nat in 2004, Mayfield held marketing and sales management posts with Continental Tire North America and Michelin North America. Dick Erickson, Del-Nat chairman, said, “Jim’s level of knowledge in our industry combined with an intimate understanding of our company makes him the right choice to lead Del-Nat to future growth and success.” (Tire Review/Akron)

19th March 2009/by Tyrepress Editors

Stamford Tyres 3Q2009 Sales Down 6.6%

Stamford Tyres Corporation has reported double digit falls in both third quarter revenues (S$62.9 million, £29.2 million – down 21 per cent) and period gross profits (S$15.8 million, £7.34 million – down 16.6 per cent). The biggest quarterly fall was in the company’s net profits after tax, which fell to just S$100,000 (£46,426), down 94.9 per cent compared with the same period in the company’s 2008 financial year. Stamford puts the marked drops it experienced down to the “deteriorating business environment resulting from the global economic crisis.” Nevertheless the company evidently did turn a profit and continues to record healthy gross profit margins in excess of 20 per cent (2009:25.1 – 2008:23.8).

For the nine months ended 31 January 2009 revenue was S$227.6 million (£105.6 million), down 6.6 per cent compared to the same period in 2008. Gross profit for the first three quarters of the 2009 fiscal year was S$54.6 million (£25.3 million), comparable to what was achieved at the same point in 2008 (down 1.8 per cent to be precise). However, according to the company “most key territories in Stamford Tyres’ marketing network continued to perform satisfactorily.”

13th March 2009/by Tyrepress Editors

Stamford Tyres Bringing Several New Lines to Tyrexpo Asia

Stamford Tyres has been busy this past year. The Singapore based company brought a number of new products to market in 2008, including the Sumo Firenza ST07 range. Initial production began in mid-2008, with new sizes being gradually introduced throughout the rest of the year. The complete range, which covers 13 to 16-inch rim fitments in 60 and 70 series, includes 26 sizes in total. The ST07 features a directional tread pattern that features twin centre grooves for water drainage, and slash sipings intended to reduce noise levels and effect faster water drainage.

6th February 2009/by Tyrepress Editors

Stamford Warning Q2 Loss

Stamford Tyres of Singapore has told Asian news sources that it expects to record a loss in its second quarter ending 31 October, 2008. The company said that the losses were a result of currencies in Australia, South Africa, Indonesia and India weakening against the American dollar in October. It says that the losses are not related to speculative hedging instruments. The firm still expects to post a profit for the first half of its financial year.

2nd December 2008/by Tyrepress Editors

6th CITExpo Bigger Than Ever

Once again China’s largest specialist tyre show is taking place in September. The 6th China International Tire Expo, or CITExpo, will be held between 17 and 19 September at the Shanghai Everbright Convention and Exhibition Center, and this year’s show promises to be larger and offer more than ever before. Almost 300 exhibitors will be showcasing their products and technology, up from 254 in 2007, and to accommodate the extra numbers the show’s organiser, Reliable International Exhibition Services, has added a third hall to the show’s floorspace.

30th July 2008/by Tyrepress Editors

Stamford FY Net Profits Dive in Singapore

International tyre and wheel distributer and service provider Stamford Tyres has reported a full-year net profit fall of 34 per cent to S$7.6 million. The company predicted that the coming year would prove increasingly challenging, as the market continues into volatility.

However, the year saw Stamford’s sales figures stay relatively level, thanks to increased turnover for its major brands Falken, Dunlop and Continental in the Southeast Asian market. While the bottom line suffered dramatically as a result of soaring fuel and raw material costs affecting buying and distribution outgoings, the organisation’s overall turnover rose 11 per cent to S$328 million.

26th June 2008/by Tyrepress Editors