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Absolute Alignment stocks up

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Absolute Alignment

Absolute Alignment is preparing for the continued impacts of the pandemic and Brexit by increasing stock in order to ensure customers have an uninterrupted service despite the uncertainties ahead.

The Farnborough-based outfit has doubled again its amount of storage space for stock, employed further members of staff, and is preparing for Brexit by increasing the number of wheel aligners that will be readily available to customers in early 2021. Despite the pandemic, the demand for its wheel alignment equipment is higher than ever, making 2020 a record year for the company.

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  1. Absolute Alignment’s Bluetooth 3D wheel alignment technology
  2. ‘Record sales’ for Absolute’s Bluetooth 3D wheel aligner
  3. Absolute Alignment supports BTCC, British GT teams
  4. Rema Tip Top signs Corghi distribution agreement
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Warburg Pincus acquires first tranche of Apollo Tyres shares

Warburg Pincus is now a shareholder in Apollo Tyres Ltd. During a meeting yesterday, the tyre maker’s Committee of Directors – Private Placement allocated Emerald Sage Investment Ltd., an affiliate of the private equity firm, 54,000,000 compulsorily convertible preference shares. Emerald Sage paid a total of Rs s. 5,400,000,000 (£57.56 million) for the shares in this first tranche transaction, or Rs 100 each.

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  1. Warburg Pincus investing £117 million in Apollo Tyres
  2. India’s competition authority approves Warburg Pincus’ investment in Apollo Tyres
  3. Apollo Tyres approves £105 million NCB issue
  4. Court dismisses Cooper appeal
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Cooper declares 189th annual dividend

Cooper Tire & Rubber Company has announced a quarterly dividend of 10.5 cents per share. The dividend will be payable 28 June, 2019 to stockholders of record at the close of business 3 June, 2019. This will mark the 189th consecutive quarterly dividend paid by Cooper.

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Related news:

  1. ‘Project Charlie’ – a failed attempt to resolve Cooper Chengshan standoff
  2. Cooper not yet ready to resume financial reporting
  3. Increased OE activities and higher global sales part of Cooper’s growth strategy
  4. Decennial shift in global PCLT tyre volume market share
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Hankook stocks hit in factory fire

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Hankook Tire’s Daejeon South Korea factory has suffered a fire, the company confirmed on 1 October. The fire is not expected to disrupt production since the damage is mostly to its warehouse. However a fifth of the warehouse has reportedly been lost along with some 180,000 tyres. According to local news reports, the warehouse held products destined for both domestic and overseas markets.

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Related news:

  1. Hankook gains European funds for second Hungarian plant
  2. Hankook scales back production, sets record inventory glut
  3. TRA Recycling Day 2016 pursues professional collective approach
  4. TREC: Michelin partners to extract alcohol and rubber from used tyres
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