Trelleborg Archives - Page 23 of 27 - Tyrepress

Posts

Trelleborg Reports Improved Operating Margin in April – June Period

In its interim report for the months between April and June 2009, Trelleborg reports that “in a difficult market situation, we have successfully managed to generate a continued strong cash flow and improved our operating margin compared with the first quarter of 2009.” The company also states that effects of its “capacity adjustments” are gradually increasing, although the sense of uncertainty regarding the future remains “great”.

Net sales in the second quarter of 2009 totalled SEK 6.867 million, down 17.5 per cent on the same period a year earlier. Operating profit, at SEK 159 million, decreased 52.8 per cent year-on-year.

24th July 2009/by Tyrepress Editors

Trelleborg Share and Vote Amounts Change

The rights issue recently conducted by Trelleborg has resulted in the following increase of the number of shares and votes in the company during June 2009.

Prior to the rights issue, there were in total 90,357,261 shares in Trelleborg, of which 9,500,000 shares of series A and 80,857,261 shares of series B, corresponding to 175,857,261 votes in total. The number of shares has through the rights issue increased by 180,714,522, of which 19,000,000 shares of series A and 161,714,522 shares of series B. The number of votes increased by 351,714,522. As of June 30, 2009, there are in total 271,071,783 shares in the company, of which 28,500,000 shares of series A and 242,571,783 shares of series B, corresponding to a total number of 527,571,783 votes.

30th June 2009/by Tyrepress Editors

Australian Commission Instigates Marine Cartel Court Action

It has been more than a year since UK-based trio Peter Whittle, David Brammar and Bryan Allison were sentenced for their role in a well-publicised global marine hose cartel, yet investigations into the affair continue. The Australian Competition and Consumer Commission (ACCC) has commenced court action in response to allegations that the cartel took advantage of some of the nation’s largest oil production projects.

23rd June 2009/by Tyrepress Editors

Trelleborg Publicises Agri, Forest, Industrial Unit Capabilities

Swedish manufacturer Trelleborg has released information on its Wheel Systems division, specifically publicising its dedicated larger rims Sävsjö facility in southern Sweden. As a supplier of complete agricultural, forestry and industrial wheels, the company deals with the specialised demands of these typically cumbersome tyres.

It is particularly important in this field that the wheels’ components work harmoniously with each other, as Per Valdmaa, managing director of the Sävsjö manufacturing plant states: “The rim plays a crucial role in the operation of the vehicle or equipment it is fitted on, securing and protecting the tyre. It carries the machine’s load and transfers its performance to the ground. The tyre and the rim are interdependent; the two cannot function without each other. If the rim breaks, the rubber of the tyre is destroyed and the machine they are fitted on will stop working.”

23rd June 2009/by Tyrepress Editors

Trelleborg Appoints New Galaxy Brand Manager

Agricultural tyre manufacturer Trelleborg has expanded its European sales team. Stepping into the position of product manager for the Galaxy brand is 29-year old business administration graduate Milos Odavic, who will be responsible for the brand’s distribution and positioning within the company’s product portfolio. Odavic’s duties also see him acting as the original equipment market customer contact person, and also as the replacement market contact for Germany and Switzerland.

21st May 2009/by Tyrepress Editors

Trelleborg Introduces New Forestry Products

Trelleborg Wheel Systems has launched a number of new products, including upgraded forestry tyres from the Twin Forestry range and new rims. Six dimensions in the Twin Forestry line have been upgraded, either with upgraded capacity or a higher load index. The four sizes with upgraded load capacity are: 750/45-30.5 T428 173A8; 750/50-26.5 T428 174A8; 650/60-26.5 T428 172A8; and 600/55-26.5 T422 160A8. The 710/45-26.5 dimension has been expanded with two new versions with a higher load index: 710/45-26.5 T428 168A8 and 710/45-26.5 T422 168A8. In addition, Trelleborg also released a new 24.5-inch rim dimension, a flat bar reinforcement that is a cross between the unique box reinforcement and the round bar reinforcement, and a new hump, suitable for forestry tyres with a high load index.

“We are investing heavily in further developing the range,” said Lars Eriksson, product manager for forestry tyres. “Our focus is on maximum customer benefit in terms of the optimal balance between important tyre properties, such as durability, service life and traction, with consistent ground care and comfort.” Trelleborg will be displaying its new products during the Elmia Wood trade show, which takes place June 3-6 in Jönköping, Sweden (Tire Review/Akron)

20th May 2009/by Tyrepress Editors

Trelleborg Opens Rights Issue

Trelleborg has released a prospectus for its latest rights issue. This prospectus, instructs Trelleborg, is not for release, publication or distribution in or into the US, Australia, Canada, Hong Kong or Japan. Therefore the following information is only intended for those located outside these geographic regions. According to Trelleborg’s instructions, anyone located in the above-mentioned countries or any other country imposing legal restrictions beyond those pursuant to Swedish law are not permitted to click the “more” link and read further.

1st May 2009/by Tyrepress Editors

Trelleborg Fined US$11M for Cartel Involvement

Sweden’s Trelleborg Group reports it has reached an agreement with the US Department of Justice regarding investigations involving marine fenders and marine oil hoses. These investigations, Trelleborg adds, commenced in 2005 and 2007 respectively, and it has been awaiting a decision from the authorities “for a lengthy period.”

The agreements entail that the two Trelleborg Group subsidiaries in question shall pay a combined fine of US$11 million to the US authorities. The agreements are to be approved in court. The Group’s French subsidiary has previously paid close to $2 million in damages to aggrieved customers as settlement of a class action, which concerned Trelleborg and other companies, for alleged illegal price fixing concerning marine oil hoses.

21st April 2009/by Tyrepress Editors

HP Agri Tyre Sales Soften Impact of Downturn for Trelleborg

Despite a substantial slowdown in the agricultural sector, Trelleborg has reported a ‘positive trend’ for high-performance agricultural tyres during the first quarter of this financial year. This area of strength contrasted with sales of industrial tyres, which declined sharply during the quarter. Overall, Trelleborg Wheel Systems experienced a 1.25 per cent decline in organic sales during the period and a one per cent drop in total sales after taking exchange-rate effects into account – down to SEK 950 million (£76.6 million).

17th April 2009/by Tyrepress Editors

Trelleborg Schedules Hartville, OH Plant Closure for May

Trelleborg Wheel Systems has revealed that it plans to close its Hartville, Ohio plant on or within two weeks of 10 May. According to local business news sources, the wheel systems manufacturer filed a Worker Adjustment and Retraining Notification with state authorities on 12 March, confirming that operations at the site would cease and that its 90 employees will be made redundant.

16th March 2009/by Tyrepress Editors

Conti CSEasy Wins Industrial Tyre Comparison Test

A DEKRA certified test in Germany shows that the Continental CSEasy SC20 is between 3.7 and 12.8 per cent more economical than its competitors. Six competitor tyres were examined alongside the CSEasy including: Bergougnan Elite XP, Solideal Magnum, Watts Premia, Marangoni Eltor 5, Gumasol Softy NP80 and Trelleborg Rota VP15.

Hans-Jürgen Sauerwald, head of testing at Continental’s Industrial Tyres business unit, commented: “The lower rolling resistance means a saving of between 257 and 900 euros per year for each fork lift in use for 6,000 hours annually.”

12th December 2008/by Tyrepress Editors

Trelleborg Reiterates Long-Term Strategic Approach

In preparation for the its Capital Markets Day, held in early December, Trelleborg reiterated the company’s long-term strategic approach, which it says is currently focused on cash flow and adjustments to the prevailing market situation. “We have an increasingly focused and profitable operation within large segments of our business, and we are convinced that we will emerge strengthened from the slowdown that we are currently experiencing in many markets,” said Trelleborg CEO Peter Nilsson.”

8th December 2008/by Tyrepress Editors

Trelleborg Raises Industrial Tyre Prices 7%

Trelleborg Wheel Systems has announced that it will increase industrial tyre prices by between 7 and 10 per cent. In a statement dated 9 October the company explained that the increase had been precipitated by recent raw material price increases throughout the year. The price increase has already been implemented in the US and in the Asian-Pacific region. Roberto Zampieri, marketing manager for Europe, explained: “Numerous actions have been undertaken to streamline and cut internal costs. However, due to frantic market conditions, we have to take this action.”

9th October 2008/by Tyrepress Editors

Solution Focused – Al Dobowi Group

International News

Formed in 1976, the Al Dobowi Group was established to serve the growing Middle East tyre management industry. From its Dubai base, Al Dobowi Group is now involved in a range of operations (from tyres to equipment) on four continents – they even produce specialized battery components at a factory in the UK. With over 1100 employees all round the world, and some very interesting expansion plans in the offing, Tyres & Accessories recently met with executive director Harjeev Kandhari and found out more about what these will mean for customers.

One of the first things Harjeev Kandhari mentioned in conversation with T&A was that group companies are increasingly focusing on solutions, rather than just products. When you consider the wide variety of related business areas Al Dobowi operates in, this corporate philosophy really makes sense. But in order to explain what this might mean for customers a little background information is required.

7th August 2008/by Tyrepress Editors

More Guilty Pleas in Marine Hose Price Fixing Case

A Milan, Italy-based marine hose manufacturer and the former president of its former US subsidiary have agreed to plead guilty and pay more than US$2 million in criminal fines for participating in a global price fixing conspiracy. The former subsidiary president had also agreed to serve time in prison. Furthermore, an Italian executive of another marine hose manufacturer located in Veniano, Italy has also agreed to plead guilty for participating in the same conspiracy.

A one-count felony charge was filed today in US District Court in West Palm Beach, Florida against Manuli Rubber Industries SpA (Manuli) and Robert L. Furness, the former president of Manuli’s former Florida based subsidiary. Under the terms of the plea agreements, which are subject to court approval, Manuli has agreed to pay a criminal fine of $2 million, and Furness has agreed to serve 14 months in prison and pay a $75,000 criminal fine. Both Manuli and Furness have also agreed to cooperate fully in the Department’s ongoing antitrust investigation. Manuli is the first corporation to be charged in the investigation.

30th July 2008/by Tyrepress Editors