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Report: Goodyear Subpoenaed in Hose Price-Fixing Case

(Akron/Tire Review) The Toronto Star reported today that Goodyear Tire & Rubber Co. received a U.S. grand jury subpoena related to a global price-fixing investigation that has already brought the arrests of executives from Bridgestone, Trelleborg, Continental and Yokohama. The three-continent investigation concerns alleged price fixing and bid rigging in the marine hose industry.

Goodyear confirmed to the newspaper that it had received the subpoena on May 2 and is cooperating with U.S. Justice Department officials, but is not believed to be a target in the international investigation.

10th May 2007/by Tyrepress Editors

Trelleborg acquires Gummiteknik GTM AB

Through its Trelleborg Engineered Systems business area, Trelleborg has signed an agreement to acquire Swedish company Gummiteknik GTM AB, with approximately 30 employees and annual sales of about £2.6 million. Gummiteknik is privately owned and is based in Bålsta, on the outskirts of Stockholm.

19th February 2007/by Tyrepress Editors

Trelleborg Begins Consultations on UK Plant Closure

As part of the strategic and operational action program Trelleborg announced at their Capital Markets Day in November 2006, the company plans to initiate consultations with their Employee Consultative Committee regarding the closure and transfer of Trelleborg’s operations from West Thurrock, in the UK.

8th February 2007/by Tyrepress Editors

Trelleborg Company News

In these parts Trelleborg is best known for their agricultural and industrial tyres, but Trelleborg Wheel Systems is just one small spoke in the Trelleborg Wheel. The company Trelleborg AB is represented in 40 countries and employs approximately 23,000 people.

9th January 2007/by Tyrepress Editors

Soopa Toobs Widens Speciality Portfolio

Soopa Toobs, a leading niche product supplier, reports that has widened it speciality offering. The tyre portfolio has been widened to include agricultural, industrial, lawncare, ATV and utility vehicle tyres, from such household names as Carlisle, Trelleborg, Goodyear, Dunlop, Eurogrip and others. The company also opened a new warehouse this year, which increases warehousing capacity by 300 per cent.

30th November 2006/by Tyrepress Editors

Trelleborg Transfers US Capacity to Sri Lanka

Trelleborg has taken steps to consolidate its industrial tyre production capacity, moving production from North America to Sri Lanka. Trelleborg reports that it has plans to invest in increased production capacity at one of Trelleborg Wheel Systems’ plants in Sri Lanka. As a consequence of this, the production of industrial tyres will be terminated and relocated from Trelleborg Wheel Systems’ plant in Hartville, Ohio, in the US. The cost of closure, production transfer and investments will total approximately 130 million Swedish krone (£9.7 million) over a three-year period.

28th November 2006/by Tyrepress Editors

Soopa Toobs Expands

Soopa Toobs says that it has had a busy year, characterised by stiff competition and a difficult marketplace. Despite this, the company has, over the past 18 months, taken on more warehouse and distribution staff and has now fully opened its new warehouse, which increases warehousing capacity by 300 per cent.

22nd November 2006/by Tyrepress Editors

Trelleborg Launches Tallest Agri-tyre Ever

Trelleborg Wheel Systems has launched the TM900 High Power (710 75R42), the tallest tyre on record according to the manufacturer. The new pneumatic tyre will be on-show during international exhibitions, starting with EIMA, which is going to be held in Italy – Bologna, from 15 – 19 November. Co-designed with leading tractor manufacturers, the TM900HP 710/75R42, Trelleborg says the new tyre has been specifically developed to fit tractors with up to 300 horsepower or which require high load capacity.

9th November 2006/by Tyrepress Editors

Trelleborg Phases Out Pirelli Brand

The Agricultural & Forestry Tyres division of Trelleborg is publicising its new brand strategy. On 25 and 26 September in Italy, Trelleborg invited more than 80 journalists from Europe and North America and 40 top managers of global major tractor makers to hear about its strategic plans for driving the brand transition from Pirelli Agricultural Tyres to Trelleborg. Basically Trelleborg plans to strengthen its brand in order to make it an “autonomous and synonymous specialization in agriculture.”

29th September 2006/by Tyrepress Editors

Change of Management at Trelleborg Automotive

George Caplea, president of the Trelleborg Automotive business area, will leave the Trelleborg Group on 1 October and assume a position as head of North American operations for another, noncompeting company. Peter Nilsson, President and CEO of Trelleborg, will assume responsibility for the Trelleborg Automotive business area until further notice. At the same time, the business area will intensify its focus on improving all aspects of global processes. The change of management will take place on 1 October 2006.

15th September 2006/by Tyrepress Editors

Trelleborg Completes Sale of Goodall Rubber

Trelleborg has completed the sale of US subsidiary, Goodall Rubber Co. Goodall, which sells and distributes industrial supplies, primarily hoses and hose connectors, in the US and Canada, has slightly more than 400 employees and generated sales of approximately SEK 650 M in 2005.

3rd May 2006/by Tyrepress Editors

Solideal Taps Trelleborg Exec as New CEO

(Akron/Tire Review) Paul Gaines has been named CEO of Solideal Tire Inc. USA, the Charlotte, North Carolina-based industrial and specialty tyremaker. Gaines had been managing director of Trelleborg Wheel Systems. Gaines succeeds Baldwin Hickey and Thom Harris, who have served as co-CEOs. They were assigned to other executive positions within the company, Solideal said.

18th April 2006/by Tyrepress Editors

Trelleborg Group Shows Growth

The Trelleborg Industrial Group has published its financial results for 2005. Net sales were 24,170 million Swedish Kronor (SEK) or 2.57 billion euros, compared with the 2004 figures of SEK 22,912 m (2.43 bn euros). Net profits for the year, excluding restructuring costs, amounted to SEK 1,177 m (125.3 m euros); five per cent higher than the 2004 figure of SEK 1,122 m (119.4 m euros).

16th February 2006/by Tyrepress Editors

Trelleborg Wheel Systems’ 3Q Results

During the third quarter 2005 Trelleborg experienced a strong trend in both agricultural and industrial tyre sales. Between January and September sales rose by 12 per cent compared with 2004 totalling 721 million Swedish Krona. Operating profit rose by slightly more than 40 per cent compared with the previous year, amounting to 55 million Krona. Trelleborg puts this down to increased sales volumes, new OEM customers, favourable product mix and high utilisation of capacity. Price increases were said to have offset increased raw material costs.

4th November 2005/by Tyrepress Editors

Trelleborg Acquires French Industrial Tyre Distributor

Trelleborg has acquired the French company Cimap Roues Industrielles SAS, which is part of the family-owned CIMAP Group, through its Trelleborg Wheel Systems business.

Cimap Roues Industrielles, which holds a leading position in industrial tyres in France, has been a distributor of Trelleborg’s industrial tyres since 1999. The company has annual sales of approximately 40 million Swedish Krone and some 10 employees at its head office in Paris and at a distribution centre in Bordeaux.

19th September 2005/by Tyrepress Editors