Trelleborg Archives - Page 24 of 27 - Tyrepress

Posts

Trelleborg Release Half-Yearly Report

Trelleborg, the industrial group specialising in advanced polymer and applied technology, has released its six-month interim report. The document supports a view of sustained “favourable growth and improved earnings”.

The Swedish firm, which has operations in 40 countries, has announced that: “The order and delivery scenario remained favourable during the second quarter, with organic growth of 7 percent; Operating profit for the quarter in continuing operations, excluding items affecting comparability, was the strongest to date and increased to SEK 734 M from 596, while the operating margin increased to 8.7 percent from 7.5; Four acquisitions were completed during the quarter, adding combined annual sales of approximately SEK 750 M; and As a result of the restructuring program for Trelleborg Automotive that was announced in April 2008 that affects the Fluid Solutions business unit, operating profit for the quarter was charged with SEK 353 M and SEK 238 M after tax.”

25th July 2008/by Tyrepress Editors

Three Jailed Over Marine Hose Industry Cartel

Three men have been imprisoned for rigging bids, fixing prices, restricting supplies and allocating customers within the global marine hose industry following prosecution by the Office of Fair Trading in Britain. This is the first case of its kind since the implementation of a law in 2002, which gave the consumer watchdog the ability to crack down on cartel activities.

The UK-based trio, Peter Whittle, David Brammar and Bryan Allison were sentenced to jail time of up to three years after pleading guilty. The men had already been successfully prosecuted in Texas, but the British stretch will serve towards the 20 to 30 months they were handed by the US court. After sentencing, the OFT named Dunlop Oil and Marine Ltd, Bridgestone Corp, Yokohama Rubber Co Ltd, Parker ITR S.r.l., Manuli Rubber Industries SPA and Trelleborg Industrie SA as the businesses involved in the cartel. An investigation into these companies’ activities, conducted by the European Commission, is ongoing.

13th June 2008/by Tyrepress Editors

New Agri/Forestry Tyre from Trelleborg

Trelleborg has recently developed and launched a new range of tyres for agricultural and forestry uses. Known as the T410 Agroforest, the new line is intended for numerous global markets, including the UK, and the manufacturer reports the new tyre has been designed with severe application requirements in mind, guaranteeing users minimum impact and less damage, good grip and traction in tough terrain, high levels of stability during heavy service thanks to its shoulder design and a larger lug contact area compared to an ordinary tractor tyre pattern.

28th April 2008/by Tyrepress Editors

Trelleborg Investing $20 Million in Sri Lanka Expansion

Trelleborg is reported to be expanding its operations in Sri Lanka at the expense of those in the US. The Ceylon Daily News reports that the Swedish firm intends to invest US$20 million expanding its operations in this South Asian nation, with part of this expansion taking the form of relocating its entire Hartville, Ohio tyre operations there.

14th January 2008/by Tyrepress Editors

Trelleborg TM900 Now Available in 800/70R38

Trelleborg has added a 800/70R38 variation to its TM900 High Power line. Developed for very high powered tractor (over 350 hp), Trelleborg says the new tyre guarantees high efficiency on torque transmission minimizing soil compaction. The TM900 HP is also said to perform on the road thanks to a new shaped shoulder and low aspect ratio (70 series) for optimal lateral stability. Trelleborg also reports that the tyre features low rolling resistance and and longer tyre life due to “excellent” wear resistance.

14th December 2007/by Tyrepress Editors

More Charges Laid Against Marine Hose Cartel Participants

According to the US Department of Justice, charges were laid against an independent consultant and two executives from Grimsby based Dunlop Oil & Marine Ltd. on December 5. A one-count felony charge, resulting from the international marine hose price fixing cartel that operated until May 2007, was filed against: Peter Whittle, sole proprietor of PW Consulting (Oil & Marine) Ltd., Bryan Allison, managing director of Dunlop Oil & Marine Ltd., and David Brammar, Dunlop’s Oil & Marine’s sales and marketing director.

10th December 2007/by Tyrepress Editors

Trelleborg TM800 Line Now “D-Rated”

Trelleborg Wheel system’s Research & Development department has announced that its TM800 line is now D rated, allowing the agricultural tyres to be driven at speeds of up to 65km/h. In addition the TM800 range is said to offers increased productivity compared with its main competitors, resulting in “consistent savings for agricultural professionals.”

According to the company, ploughing tests show that, under the same conditions and using the same size, Trelleborg tyres proved to reduce slippage and working time per hectare compared with unnamed “main competitors.” After a week of tests in medium-high severity conditions, the TM800 (in 650/65R38 – the most popular size in the segment) fitted to a 165 horsepower tractor with three ploughshare reported: up to 4.2 per cent more traction fuel consumption. According to the company this factor alone, at an average working cost per hour of 50 euros and a fuel cost of 0.85 euros per litre, saved between up to 120 euros compared with other leading brands.

23rd November 2007/by Tyrepress Editors

Trelleborg to Divest Coventry Facility

Trelleborg disclosed its intention to close the company’s operations in West Thurrock at its Capital Markets Day in November 2006, and now, a year later, Trelleborg has announced it has entered an agreement in principal to divest its operations in Coventry, which belong to Trelleborg Automotive UK. Trelleborg states that the Coventry operations will be taken over by the company’s management.

This decision comes as part of Trelleborg’s ‘strategic and operational action program’ within the Trelleborg Automotive business area, and Roger Johansson, Business Area president of Trelleborg Automotive, commented: “This operation is not part of Trelleborg’s core business, it has few synergies with our remaining activities and is limited in size. The transaction will enable us to further focus our automotive operations, at the same time as the business conducted in Coventry will now have an opportunity to grow within its particular area.”

19th November 2007/by Tyrepress Editors

Two Trelleborg Execs Plead Guilty to Price Fixing Charges

Two executives from Trelleborg Industrie S.A.S in France have pleaded guilty to participating in a marine hose price fixing conspiracy. On November 6 a one-count felony charge was filed in the US District Court in Fort Lauderdale, Florida against Christian Caleca, president of Trelleborg’s Industrial Fluid Systems business unit, and Jacques Cognard, the company’s product area manager for oil and marine products.

Plea agreements have been worked out for both men, subject to court approval, and under the terms of these each will serve 14 months in prison – and will provide their full cooperation in the US Department of Justice’s ongoing investigation. Additionally, Caleca has agreed to pay a US$75,000 fine and Cognard a $100,000 fine.

8th November 2007/by Tyrepress Editors

Trelleborg’s Acquisition of Solid Service Group Finalised

Trelleborg’s acquisition of the privately owned Australian special tyre distributor Solid Service Group, which employs approximately 40 staff and generates annual sales of around £4.97 million, has been finalised. Solid Service Group, whose head office is located just outside of Melbourne, is one of the largest distributors of solid industrial tyres in Australia. The Group has branches in Melbourne, Sydney, Brisbane, Adelaide, Perth, Darwin and Tasmania. The operation focuses on specialised service for industrial customers, including fixed pressing units and mobile pressing units for onsite fitting of all types of industrial tyres, primarily for various types of forklift.

30th October 2007/by Tyrepress Editors

Trelleborg Buys Solid Service Group in Australia

Trelleborg has signed an agreement to acquire the privately owned Australian specialty tyre distributor Solid Service Group, which has about 40 employees and annual sales of approximately £5 million. The acquisition is expected to be completed during the fourth quarter 2007.

26th September 2007/by Tyrepress Editors

Vigorous International Trading Forecast for Tyrexpo Asia Exhibition

Organisers of next month’s Tyrexpo Asia exhibition are predicting “exceptional” levels of international trading as thousands of tyre industry buyers head for the Singapore Expo Centre searching for new products, ideas and technology that will add value to their businesses. Awaiting them will be a record number of exhibitors for the sixth Tyrexpo Asia show. More than 140 companies representing four continents and 23 individual countries will be there to meet the expected demand.

“There is a great sense of anticipation and an eagerness to be involved in this show; a real buzz that exceeds anything experienced in the 10 years we’ve staged the exhibition in Singapore,” confirmed Rowena Suthers, sales director for show organiser ECI International.

7th August 2007/by Tyrepress Editors

Yokohama Rubber Traded Immunity for Information in Cartel Case

It has been reported that Yokohama Rubber provided evidence against its former associates involved in the recent price fixing controversy in exchange for immunity, allowing the US Justice Department to the break the international price cartel that included Dunlop Oil & Marine, Trelleborg Industrie SAS and domestic rival Bridgestone. The information Yokohama Rubber supplied led to the May arrests of eight senior company officials.

The Justice Department claims that the eight men had met in the United States, Bangkok and London on numerous occasions since 1999 in order to predetermine which company would be awarded contracts. They are also suspected of manipulating the tender prices for marine hoses.

6th July 2007/by Tyrepress Editors

Trelleborg Inaugurates New Plant in Dej, Romania

Trelleborg Automotive has inaugurated a new manufacturing facility in Dej, Romania. The increased production capacity from this is intended for Trelleborg’s existing customers Audi, Dacia, Ford, Peugeot and Renault in order to provide local supply to their Romanian and Eastern European plants.

“We have a strong global platform that will be further reinforced by this plant,” says Trelleborg President and CEO Peter Nilsson. “It is important to be close to the companies we supply to fulfill just-in-time requirements. This facility continues our commitment to the developing automotive sector in Eastern Europe.”

22nd June 2007/by Tyrepress Editors

Trelleborg Wheel Systems ‘Reinforces’ Sales Network

Trelleborg Wheel Systems (TWS) has ‘reinforced’ its wheel sales network by strengthening its relationship with a key material supplier in order to offer its customers a complete system for forest and farm machines. Trelleborg wheels, manufactured at plants in Savsjo (Sweden) and Hadsten (Denmark), use high quality steel, which is supplied by SSAB, the biggest Scandinavian sheet steel manufacturer focused on the production of advanced high strength steel.

Trelleborg Wheel Systems designs, produces and distributes a wide range of tyres and complete wheel systems for forestry and agricultural machines, lift trucks and other material-handling vehicles. The Group is globally present in 42 countries and with its European sales network of 140 sales specialists, it satisfy the needs of customers and support the sales increase year by year.

31st May 2007/by Tyrepress Editors