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Yokohama’s Salem Contract Awaits Approval

Yokohama and the United Steelworkers of America have reached a provisional agreement regarding a new contract for the manufacturer’s Salem plant, according to American news sources.

The contract is pending approval by union members said Yokohama. However the terms of the new arrangement have not been disclosed. The previous contract, which expired in June 2003, was extended through negotiations. The Salem plant produces passenger, high performance and light truck tyres.

20th January 2005/by Tyrepress Editors

Goodyear Rolls Out Self Sealing Tyres

Goodyear is launching a line of ‘self sealing’ truck tyres into the American market. The tyres will feature a gel-like rubber compound designed to instantly seal tread punctures, reports the Beacon Journal.

The manufacturer claims its new technology can extend the life of a truck tyre by six times its average span. The product is aimed at trucks operating in harsh conditions, where the tyres currently last for an average of three weeks.

17th January 2005/by Tyrepress Editors

Cooper Completes Sale of Automotive Unit

Cooper Tire & Rubber Company (Findlay/Ohio) has completed the sale of its automotive business, Cooper-Standard Automotive, to an entity formed by The Cypress Group and Goldman Sachs Capital Partners for approximately $1.165 billion in cash, subject to certain post-closing adjustments. As previously announced, $30 million of the purchase price will be held by the buyer until the post-closing working capital adjustments can be finalized.

28th December 2004/by Tyrepress Editors

Recall of Michelin Truck Tyres

Michelin Americas Truck Tires (MATT) informed the National Highway Traffic Safety Administration (NHTSA) about voluntarily recalling of about 4,000 commercial truck tyres made in Ballymena (Northern Ireland). Size 10.0 R 22.5 of Michelin’s XDE manufactured between May 23 and October 24, 2004, can experience rapid air loss due to an irregularity of the inner liner. Michelin said until now the company has no reports of accidents involving the tyres, the company will replace the tyres free of charge.

28th December 2004/by Tyrepress Editors

Michelin North America Announces Price Increases

Michelin North America is increasing U.S. replacement tyre prices on a variety of product lines.
• Passenger and light truck tyres will increase by up to 5 percent on Michelin brand and up to 6 percent on BFGoodrich, Uniroyal and private and associate brands effective March 1, 2005.
• Commercial truck tyres will increase by up to 6 percent on both Michelin and BFGoodrich brands effective March 1, 2005.
• Earthmover tyres will increase by 5 percent effective Jan. 1, 2005.
• Agricultural tyres will increase by up to 6 percent for radial tyres and up to 12 percent for bias tyres effective Jan. 1, 2005
• General aviation tyres will increase 5 percent worldwide effective April 1, 2005.

21st December 2004/by Tyrepress Editors

More Than Just Products

Today, every company that wants to be successful in fleet business needs a lot more than just good products, nowadays that is just a prerequisite. Those responsible at Bandag Inc in Muscatine, Iowa, are convinced that the right service and the right network is even more important than the products. Bandag claims that it has both, and is trying to further integrate all of its 220 European dealers into a single global retreading network. In order to promote this policy, the company invited 20 of its dealers from around the UK and Ireland to visit its American headquarters.

16th December 2004/by Tyrepress Editors

Bridgestone Firestone Announces US and Canadian Price Increases

Bridgestone Firestone North America and Bridgestone/Firestone Canada have jointly announced price increases. Prices are due to increase by 5 per cent on passenger and light truck tyres, 7 per cent on truck and bus tyres and 10 per cent or more on agricultural and off-the-road tyres. The companies say the increases will affect Bridgestone, Firestone, Dayton, associate and private brand tyres and will come into effect from 1 January 2005.

According to Mark Emkes, CEO and chairman of Bridgestone Americas Holding, parent company of BFNT and BFCA, “Our tyre companies are facing an unprecedented continuation of rising raw material prices on a number of different fronts. From steel to petroleum to rubber chemicals, we have seen cost increases that simply can not be offset by the increases in efficiencies and productivity that we have implemented at all levels of our company. The action we announced today is a necessary step in addressing these escalating costs.”

30th November 2004/by Tyrepress Editors

Price Increases Good News for Manufacturers’ Shares

The prices increases announced by a number of leading manufacturers are good news for their share prices, say market analysts Deutsche Bank. Bridgestone/ Firestone announced a 5 per cent across the board price increase for passenger car and light truck tyres in North America, effective 1 January 2005, with heavy truck tyre prices set to increase by 7 per cent. According to the analysts, this news is particularly significant because BFS was one of two companies (along with Michelin) that did not raise prices during the last round of price hikes that were rolled out by Goodyear, Cooper Tire, Continental and others in October. This means that “most tyre companies will elect to raise prices once again in early 2005, and that price increases will mitigate higher raw material costs,” says Deutsche Bank.

30th November 2004/by Tyrepress Editors

Europe’s Evanescent Motorsport Culture

Motorsport isn’t just about speedy overtaking manoeuvres and exciting finishes. Instead a major part of its attraction is owed to the people that live for motorsports and who – if missing – would make the event that bit less interesting. Without doubt one of these people is Pierre Dupasquier. For 30 years the Michelin motorsport director has been generally regarded as the driving force behind the French tyre manufacturer’s involvement. In addition, he is one of the few who, although not a driver himself, is allowed to comment on races on TV. Tyres & Accessories had the opportunity to meet the passionate 67 year old Frenchman and talk about the coming season.

To download this article as a PDF file, click here.

26th November 2004/by Tyrepress Editors

Goodyear Names New Technology Director

Goodyear has appointed Jon Bellissimo as director of technology for the company’s commercial tyre systems. Mr Bellissimo previously served as director of global technology for Goodyear Engineered Products a position has held since August, 2000. The company says Mr Bellissimo’s experience in tyre modeling and composite science will “contribute to expediting new technologies in medium truck tyres.”

“We plan to lead in ‘smart’ truck tyres that use computer chips to improve tyre maintenance and increased miles to removal,” said Steve McClellan, Goodyear’s vice president commercial tyre systems, North America region. “Through Goodyear computer modeling, we are gaining product leadership in line haul and regional haul steer tyre application, line haul drive and urban steer position,” Mr McClellan added

25th November 2004/by Tyrepress Editors

Vredestein to Increase Prices in Germany

The growing raw material prices have now also affected Vredestein’s price structure in Germany. Passenger car summer tyres, light truck tyres as well as all-season tyres will be 2.5 per cent more expensive from January onwards. The prices for agricultural tyres will be even increased by four per cent.

24th November 2004/by Tyrepress Editors

New year New Price Increases

Continental Tire North America has announced that it will raise prices of its commercial and off-the-road tyres, from the 1 January 2005, as a result of rising raw material and other costs.

The increase, which will be between three and six per cent will affect all of its truck and off-road brands including Continental, General and Semperit.

19th November 2004/by Tyrepress Editors

Toyo Prepares Small-Lot Production in US

Toyo Tire has released details of its US production plant, several weeks after laying the foundation stone for the Cartersville, Georgia, production facility. According to Deutsche Bank, the Japanese tyre manuafacturer is going to install a flexible, automated production system which is well suited for small-lot production. This is said to produce better quality products than conventional methods. The company calls the system its Advanced Tyre Operation Module or ATOM.

Toyo Tire first announced this production system two years ago and developed the technology with support from Toyota Motor, running pilot production schemes in Japan. The new factory, Toyo’s first US tyre production facility, will cost $392 million and will create up to 900 jobs. The factory will have an annual capacity of two million passenger car and light truck tyres after construction is completed in 2006.

12th November 2004/by Tyrepress Editors

Pirelli Announces Improved Figures and New Investments

Pirelli has released results for the first three quarters of 2004 showing a 262 million euro increase in group net income year-on-year. The results also show that its net financial position is -1.9 billion euros. At the same time Pirelli gave details of a Chinese joint venture, a Romanian steel cord plant and three new MIRS plants, together worth 400 million euros.

12th November 2004/by Tyrepress Editors

Continental Continues Strong Performance

Continental has released third quarter profits that show what the company calls “another record-breaking performance.” The international automotive supplier increased its consolidated sales in the first nine months of 2004 by 8.6 per cent. In the first nine months the figure, including foreign exchange effects and consolidation changes, totals at 9.214 billion euros compared with 8.485 billion euros the same time last year. The was little mention of the costs incurred by the company’s failed Russian joint venture.

4th November 2004/by Tyrepress Editors