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Pirelli Wins German Army Tender

Pirelli has won the contract to supply tyres to the German Federal Ministry of Defence armoured vehicles and trucks. Pirelli will specifically be providing the PS22 Pista tyres, sized 14.00R20 for armoured vehicles and FR25 12.00R20 for trucks.

Pirelli competed against other well-known companies before being selected for the tender. According to the company the tyres were selected due to their good traction in all conditions and for being able to keep going for up to 100 km after a puncture or blow out thanks to a run-flat device fitted inside of the tyre. As far as the truck tyres are concerned, determining factors are said to be the high mileage as well as the strong wet handling.

17th August 2005/by Tyrepress Editors

South China Tire & Rubber – New Kid on the Block

The global tyre industry is littered with famous names, with some companies proudly boasting traditions that go back decades – in some cases over a century.
However, the industry is a dynamic one, with new names appearing all the time. This is especially true in today’s emerging industrial economies, of which the most visible example is that of China, which is rapidly climbing the list of major consumers of commodities such as steel and rubber.

One of the many companies in our industry contributing to this phenomenon is South China Tire & Rubber (SCTR), which was established in 1988 and began production four years later. SCTR claims to be the first modern enterprise in the Chinese tyre industry to have bought in internationally advanced technology to manufacture radial tyres. The main production and testing machines come from the USA, Japan and Europe, with many building machines sourced from VMI in The Netherlands. As well as equipment, SCTR has recruited expertise and personnel from internationally famous tyre manufacturers.

15th August 2005/by Tyrepress Editors

IT&T Signs Exclusive Firenza Truck Tyre Deal

Oldbury-based tyre wholesaler International Tyres & Trading Ltd. (IT&T) has recently been appointed the sole UK and Ireland distributor for Firenza truck tyres; a brand new to the market.

IT&T was founded in 1991 by directors Mike Bolton and Paul Jackson. Both men had considerable experience of the tyre industry – Bolton in retreading and Jackson in wholesaling – and they set up IT&T to supply retailers, rather than end users, with tyres. From Day 1 the business concentrated on truck tyres and built up a reputation as a supplier of premium, leading brand names. “We were not known as a budget brand provider” said Mr. Bolton. Even today, truck tyres account for around 90 per cent of the company’s business but in the past couple of months, IT&T has taken a different direction by taking on the Firenza franchise.

15th August 2005/by Tyrepress Editors

Nokian’s Strong Growth Continues

Net sales of Nokian Tyres plc were up by 17.8% to 295.4 million euros in the first half of the year (250.8 million euros in the corresponding period in 2004). Operating profit amounted to 46.1 million euros (32.8 million euros).

11th August 2005/by Tyrepress Editors

Bridgestone Americas Continues Positive Trends

Bridgestone Americas Holding (BSAH/Nashville), subsidiary of Bridgestone Corporation, announced its financial results for the six month period ending June 30, 2005. At BSAH, first half sales increased 13% over the previous year, to $4.89 billion. Operating income improved over the prior year to $185 million (from $159 million in the first half of 2004, a 16% increase). The improvement in operating income was due to enhanced tyre product and brand mix and increased efficiencies which helped offset unprecedented increases in raw material costs. Net income also rose in the first half of 2005 by 35%, to $138 million from $102 million in the first half of 2004. BSAH benefited from strong growth in its Latin American Operations and in BFS Diversified Products, LLC. BFS Retail & Commercial Operations, LLC also exhibited growth in the first half of 2005.

10th August 2005/by Tyrepress Editors

Alliance Tire Company’s Shares Grew at 160% in 2005

The positive business results of Alliance Tire Company have been rewarded by a vote of confidence from investors’ side. The company is currently producing around 120,000 agricultural tyres at around US $ 42 million a year and has been the second best Israeli stock market investment of the year. Company share grew at 160% from the beginning of 2005.

9th August 2005/by Tyrepress Editors

Copper Production Could Be Hurt By Tyre Shortage

(Akron/Tire Review) Mining Engineering magazine reported that one of the world’s largest mining companies said it may have to reduce copper production because of a shortage of large truck tyres. An executive of Corporacion Nacional del Cobre de Chile (Codelco) said demand for truck tyres currently exceeds supply. Guillermo Vero, Codelco Norte’s vice president of mining and metallurgy, said the shortage involves tyres for 300-ton haul trucks.

8th August 2005/by Tyrepress Editors

Kraiburg Treads for Safer Winter Driving

Snow-covered roads, icy tarmac, wet, slush – those who want to be able to drive as safely as possible even in wintry conditions will need special tyres. The better the tread is able to transmit the traction forces, the less the vehicle will be likely to skid – regardless of whether it is a car, a truck or a bus.
Retreading specialist Kraiburg Austria’s range of products includes a variety of winter tyre profiles specially developed for commercial vehicles – both in the Kraiburg standard range as well as in the Kraiburg plus premium range.

8th August 2005/by Tyrepress Editors

Mixed Fortunes for Michelin in First Half

Michelin has published its financial results for the first half of the year, showing a 0.1 per cent increase in net sales over 1H 2004 to 7.49 bn euros and a rise in net income of 5.5 per cent to 385.9 m euros.

At first reading, these results seem to indicate stability and “business as usual”, but in fact the story behind them is one of wildly differing performances in the various geographic and product sectors, set against a background of inexorably rising raw material costs.

Of the 7.49 bn euros turnover, car tyre sales were 4.12 bn, while truck tyre sales accounted for 2.41 bn euros. Operating income was 679 m euros, of which 383 m was car tyres and 283 m truck tyres.

5th August 2005/by Tyrepress Editors

Strong growth at Bridgestone UK

Career Tracks, UK News

Since John McNaught took over at Bridgestone UK there have been a number of changes including some high profile acquisitions in the commercial vehicle sector. But in general the developments of the last few years can be summed up in one word, growth.

It has been a “phenomenally busy period,” John McNaught told Tyres & Accessories at the company’s Warwick, headquarters. “Bridgestone is in a very high period of growth and for all our staff it is a tremendously busy and rewarding time,” said Mr McNaught explaining that this is part of a long-term plan developed in conjunction with the company’s European management based in Brussels. John McNaught praised the efforts of all his team and highlighted the fact that the company has been awarded the prestigious Investors in People award.

2nd August 2005/by Tyrepress Editors

Conti Hails ‘Record Breaking’ Second Quarter

Continental has released second quarter results which show a 28.5 per cent increase in group earnings (EBIT) and consolidated sales of 6.807 billion euros. “In the first six months, we made considerable progress towards our goal of achieving new top figures and are looking at the second half of the year with confidence,” said executive board chairman Manfred Wennemer.

2nd August 2005/by Tyrepress Editors

Pirelli Completes Chinese Joint Venture

The joint venture between Pirelli and Roadone Tyre Co Ltd, which was previously announced in June has been completed following approval from the relevant authorities. The joint venture, which is majority owned by Pirelli with approximately 60 per cent of the share capital, aims to produce radial truck tyres in the Shandong Province. The new company will serve the Chinese market and others in South East Asia. Pirelli says that the company expects to make an initial investment of approximately 60 million euros.

According to the company, this latest development confirms the strategy of expansion in the Chinese market, where it plans to invest approximately 150 million euros over the next three years, as announced in November 2004. The Chinese market is the world’s fastest growing for road transportation with a total production in 2004 of more than 100 million sets of radial tyres, representing approximately 50 per cent of the overall tyre output in China, with a 33 per cent increase over the previous year.

1st August 2005/by Tyrepress Editors

Belshina Continues Tyre Line-Up Modernisation

Belarusian tyre manufacturer, Belshina, is in the process of modernising its truck tyre line-up. According to company reports, there are three new patterns of tubeless, all-steel radial truck tyres out on the market that have been manufactured with new tyre building machines supplied by Matador Machinery.
The “Bel-96” model will be available in 235/75 R 17.5, with the “Bel-118” in 295/80 R 22.5 and “Bel-108” in 275/70 R 22.5

The Republic of Belarus is well-known all over the world as a large producer of mining trucks, tractors and other farm machines. Belshina, or Belarus Tyre Works as it is sometimes called, is the chief supplier of tyres for these machines. Belshina produces over 180 tyre sizes for cars, trucks, mining trucks, road-building machines, electrical vehicles, tractors and farm machines and over 90 per cent of its tyres are radial. There are more than 14,000 workers employed in the factory.

28th July 2005/by Tyrepress Editors

Michelin Sues Dynamic Over Look-Alike Tyre

(Akron/Tire Review) Michelin North America (MNA) has filed a suit in the federal court of Birmingham, Alabama, against Canadian distributor Dynamic Tire and Chinese manufacturer, Aeolus Tyre, claiming tyre design patent infringement. Robert Sherkin, president of both Dynamic Tire Corp and Aeolus Tire in North America was also named in the action.

“We will not tolerate look-alike tyres trading on Michelin expertise and will bring the full resources of Michelin North America to bear on those seeking to profit from our innovations,” said Luc Minguet, COO of MNA’s Michelin Americas Truck Tyres unit. MNA claims that the tread design of the Aeolus HN-308 medium truck tyre is identical to its patented design for the Michelin XDA-HT.

24th June 2005/by Tyrepress Editors

Pirelli and Roadone Sign Chinese JV Contract

Pirelli and Roadone Tyre have signed a joint-venture contract to manufactue all-steel radial truck tyres in the Shandong Province. The transaction, which is expected to be completed within the year, is subject to the approval of the relevant authorities.

16th June 2005/by Tyrepress Editors