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Pallmann, GMN begin recycling machinery JV

German machine manufacturer the Pallmann Group and Spanish tyre recycler Gestión Mediambiental de Neumáticos – otherwise known as GMN – have begun a partnership for developing, building and selling complete tyre shredding and reprocessing plants. These products will be marketed under the Ecotrec name and encompass all modules necessary for recycling car and truck tyres; these include Pallmann’s shredders (the Lion and Tiger units), granulators (Panther), and separators (Eco-Sep), as well as complete conveyor and control technology, including appropriate know-how. Initially the companies will focus on marketing the product line in Europe and North America.

21st November 2011/by Tyrepress Editors

Goodyear launches low platform trailer tyre in 2 sizes

Goodyear has announced a new range of low platform trailer tyres for applications such as car transporters in both long and regional haul service and also for heavy haulage trailers. The Regional RHT II 19.5” and 17.5” have been developed to provide increased operational mileage and improved wet grip. Goodyear says the low rolling resistence tyres meet the requirements of the future EU Regulation 661/2009. The Goodyear Regional RHT II is fully regroovable and retreadable.

11th November 2011/by Tyrepress Editors

Not below 4mm on winter tyres, advises Conti

Manufacturers and tyre safety organisations generally recommend replacing tyres when tread depth reaches 4mm; with winter tyres, the role tread plays is even more pronounced. In an official release, Continental quotes the advice of one Ruprecht Müller, an expert at the technical centre run by the German motoring organisation ADAC: “The tread pattern makes a crucial difference, especially on snow and slush,” stated Müller. “A winter tyre loses much of its traction on snow in particular when the residual tread depth drops below four millimetres or so. It makes good sense to replace the tyres at this tread depth at the very latest.

10th November 2011/by Tyrepress Editors

Hankook share sale a boost for Michelin entry-level and medium production

In order to place a greater focus on its own production of tier two and three tyres, Michelin plans to sell its share in Hankook Tire Co. Ltd. The French tyre maker announced on November 8 its intention to sell up to 15,195,587 shares, an amount representing approximately 9.98 per cent of Hankook’s share capital, through its 100 per cent owned subsidiary Compagnie Financière Michelin. According to Michelin, the sale of its Hankook share forms part of its portfolio optimisation efforts in line with the new growth strategy the company first presented a year ago and reiterated during its October 2011 investor day, specifically the optimising and strengthening of factories dedicated to producing passenger car and truck tyres in the entry-level and medium-range segments.

8th November 2011/by Tyrepress Editors

China’s Doublestar, Del-Nat sign US distribution deal

Tire Review reports that China’s Qingdao Doublestar Industrial Co. Ltd. is opening its first warehouse and distribution center in the US, with an assist by Del-Nat Tire Corp. Executives from both companies were in the city of Memphis on November 5 to sign an agreement whereby Qingdao Doublestar will warehouse and distribute Doublestar brand medium radial truck tires from Del-Nat’s facility in South Memphis.

7th November 2011/by Tyrepress Editors

Bakers coaches launches Michelin-equipped Hybrid bus service

Stoke-based bus and coach operator Bakers Coaches has launched its first hybrid bus service, ahead of its 75th anniversary celebrations in November. The three hybrid buses, which use a Volvo B5 RLH chassis with Wrightbus Gemini bodywork, went into operation on 3 October and will operate under the bakerbus brand – owned by Bakers Coaches. The buses have been purchased primarily to carry students and are used on a dedicated contract with Staffordshire University and London Midland Trains. The low-floor, diesel-electric buses are the greenest, cleanest buses in the county.

4th November 2011/by Chris

Nokian gearing up for strong 2011 sales, operating profit growth

On the back of a 41.3 per cent year-on-year increase in net sales in the first nine months of 2011, Nokian Tyres retains its outlook that it is “positioned to provide strong sales growth and to improve operating profit clearly compared to 2010.” The Finnish tyre maker recorded group net sales of 974.3 million euros, up from 689.4 million euros between January and September 2010. During this same period operating profit doubled from 130.4 million to 261.0 million euros. Earnings per share also effectively doubled, from 0.85 euros to 1.66 euros per share. Net sales increased 41.2 per cent in the third quarter to 346.3 million euros, operating profit jumped 97.4 per cent to 95.4 million euros and earnings per share increased 122 per cent year-on-year to 0.60 euros per share.

4th November 2011/by Tyrepress Editors

Continental results beat expectations…just about

Financial analysts responded warmly to Continental’s third quarter earnings results, but added a note of caution too, with Morgan Stanley stating: “probably not enough to keep the share moving up.” The investor’s note pointed out that revenues are 5 per cent ahead of the street, EBIT beat consensus by 4 per cent and margin of 9.7 per cent is “just shy of the 9.6 per cent expected.”

3rd November 2011/by Tyrepress Editors

Michelin reaffirms 8% 2011 sales growth

Michelin’s third quarter financial report for 2011 has shown total net sales of 5.1 billion euros and nine-month total sales of 15.2 billion euros, figures that represent positive changes of 10.6 per cent and 17.3 per cent for their respective periods. Sales volumes were up 9.3 per cent, allowing the French giant to proclaim its results “solid” and to reaffirm “that growth in sales volumes should trend towards eight per cent by year end.” The company noted the “slower momentum” of the third quarter, particularly noticeable in the passenger car and light truck tyres segment, which was up only 5.9 per cent to 2.7 billion euros in the quarter. Michelin also said its “pricing policy added 10 per cent to nine-month sales growth”, offsetting “the full-year impact of higher raw materials costs”.

31st October 2011/by Tyrepress Editors

Expanded Conti US plant enters operation

Although Continental Tire the Americas only announced in May plans to expand its Mt. Vernon facility in the US state of Illinois, five and a half months later the first tyres from the project were produced, ahead of the anticipated start date. “I am very proud of our great team here in Mt. Vernon,” said vice president of manufacturing Benny Harmse. “Our team worked diligently to ensure the success of this expansion project and it was not only on time, but actually ahead of schedule. Their diligence resulted in the early production of the first tyres from this expansion. This is helping us with the important task of meeting our customers’ demands for Continental and General brand tyres.”

31st October 2011/by Tyrepress Editors

Conti introduces new HSR2, HTR2 fitments

Continental’s HSR2 regional tyre range has been expanded by the addition of three new sizes. The German tyre maker has launched the HSR2 XL front axle tyre in size 385/65 R 22.5 for axle loads up to ten tonnes plus sizes 315/70 R 22.5 and 315/80 R 22.5, which offer an axle load of up to eight tonnes. All new sizes have been designed with the coming generation of Euro 6 truck engines and their heavier exhaust gas treatment systems in mind.

31st October 2011/by Tyrepress Editors

New trade deal will aid US doing tyre business with South Korea

International News

TIA says that the renewed free trade deal with South Korea is a good deal for the U.S. tyre market. President Obama signed the renewal of the U.S. Generalized System of Preferences (GSP), which was part of a trade pact originally agreed to between the U.S. and South Korea in 2007 – Korean-United States Free Trade Agreement.

26th October 2011/by Tyrepress Editors

Westlake Tyres signs exclusivity deal with Direct Tyre Management

Westlake Tyres has announced that it has appointed Direct Tyre Sales as sole distributor of its truck tyre range in the UK. Direct Tyre Management (DTM). In order to supply the British market, DTM will promote Westlake’s TBR brand through its own “team of regional sales staff” where it will “complement” its own “retread brand”. DTM plan to distribute all Westlake TBR products destined for the UK from their Wigan Retread Factory in Lancashire. Sales of circa 90,000 Westlake TBR units over the next three years are expected.

26th October 2011/by Tyrepress Editors

Goodyear expands Omnitrac mixed service truck tyre range

Goodyear has announced the introduction of 14 new Omnitrac MSS II and MSD II truck tyre sizes. Typically for use on vehicles operating on and off road, such as those in service on construction sites, waste tips and quarries, the ranges now cover all the major sizes and include variants with Duraseal technology, Goodyear’s air loss prevention system in the event of a puncture.

25th October 2011/by Tyrepress Editors

Evergreen prepares for further growth

With its “Evergreen” brand, Chinese tyre manufacturer Shandong Jinyu is making a voluntary environmental commitment. As the company explained at the CITExpo show, which took place in Shanghai during September, it has committed itself to use the most environmentally-friendly materials possible in the production of its Evergreen brand passenger car and truck tyres and has simultaneously introduced environmentally-friendly production processes at its factory in Dawang, in China’s Shandong Province.

25th October 2011/by Tyrepress Editors