Turkey Archives - Page 15 of 16 - Tyrepress

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Deflated British Drivers Choose Routine over Romance

As we approach the most romantic day of the year, it appears more of us are interested in being punctual than succeeding in love. According to new research, punctuality is more important than passion for Britons who are eight times more reluctant to miss a business meeting than a first date.

Goodyear surveyed 9,000 drivers across 15 European countries on the events they would most hate to miss due to a flat tyre. The school run (29 per cent), a job interview (12 per cent) and a business meeting (8 per cent) were all considered more important than missing a first date. Just one per cent of Britons are concerned about missing a date because of a flat tyre, whilst less than one in twenty (four per cent) would worry about missing a get-together with family and friends.

13th February 2006/by Tyrepress Editors

Hayes Lemmerz Increases Ownership in Turkish Joint Venture

Hayes Lemmerz International, Inc today announced that it has increased its ownership stake in its Turkish aluminium wheel joint venture, Jantas Aluminyum Jant Sanayi ve Ticaret AS (aka Jantas Aluminum Wheels), to 60 per cent.

29th November 2005/by Tyrepress Editors

Amtel-Vredestein Valued at $742 million after London IPO

Amtel-Vredestein’s London IPO has raised $201 million from the sale of 27.1 per cent of its shares, valuing the company at $742 million in total. The total value is less than the $1 billion the company had hoped for, although insiders are said to be pleased with the result.

Amtel-Vredestein lowered the price of its initial public offering after some investors shied away from the initial price range. News sources had also reported that the placement looked expensive compared to the $70 million the company got for selling a 12.4 per cent stake to Russia’s Alfa Group and Temasek Holdings, Singapore’s state-owned investment company, in July.

14th November 2005/by Tyrepress Editors

Pirelli Sweeps Baja Truck Category

Pirelli PS22 tyres swept the board in the Baja Aragon, round of the FIA Rally-Raid World Cup, at the end of July with two Iveco Eurocargo 140E24 WS trucks of Team Motorsport Italia crewed by local drivers Selga-Torra and Roque-Asurmendi-Diamante, taking first and second places respectively in the truck category of the event, preceding the third placed Mercedes-Benz 1844 AK on Pirelli, driven by Spain’s Oliveras-Campa/Capsada. The news comes six months after Markku Alen’s seventh place in the 2005 Paris-Dakar driving a Pirelli PS22-shod Iveco Eurocargo and Miki Biasion’s great performance in a similar vehicle on Pirelli until a simple technical problem stopped him from finishing the race, and the second place in Turkey’s Rally of the Orient, last June.

2nd August 2005/by Tyrepress Editors

Hayes Lemmerz Receives Hyundai Best Supplier Award

Hayes Lemmerz Inci, Hayes Lemmerz International’s Manisa, Turkey operation, has received the 2004 Hyundai Assan Otomotiv Best Supplier Award. The award recognizes Hayes Lemmerz Inci for its quality, delivery, cost and customer service. At a special ceremony held recently in Izmit, Turkey, Hyundai Assan presented a total of three awards. Hayes Lemmerz Inci is a producer of steel wheels for the automotive industry for the international passenger car markets.

13th July 2005/by Tyrepress Editors

Bekaert Ups External Investment

Bekaert has put in a bid to take over the ECC card clothing division of Carclo, which deals in plastic components and specialist wire products.
ECC has facilities in the UK, France, Italy, Turkey, USA, Canada, China and India, and achieves annual sales of €24 million.

The value of the acquisition is estimated at €13 million. Carclo and Bekaert are expected to reach an agreement in the coming weeks.
The company first invested in this market in 2002 with the acquisition of Sobelcard in Zwevegem, Belgium, which produces half products for card clothing manufacturers.

26th May 2005/by Tyrepress Editors

Montupet to Construct Bulgaria Plant

Montupet S.A., the French aluminium wheel manufacturer, is to put 70 million levs (£24.6 million) in the construction of a new production plant in Bulgaria, according to the Bulgarian investment agency.

20th May 2005/by Tyrepress Editors

Michelin on the Silk Road

Michelin will supply the tyres for the eight Renault Trucks vehicles taking part in the Silk Road 2005 expedition between 2nd April and 9th June. The teams will travel 20 000 km across Europe, Turkey, Iran, Turkmenistan, Uzbekistan, Kazakhstan, Kyrghyztan and the Inner Mongolian region of China, following the path of the legendary Silk Road. Michelin will fit the trucks with specially designed all-terrain tyres, sized 395/85 R20 XZL.

7th April 2005/by Tyrepress Editors

Turkey to Privatise Telecom Company, Two Tyre Manufacturers Involved

The Turkish government is planning to privatise its national communications company, Türk Telekomünikasyon AS (Turk Telecom). Two tyre manufacturers have been linked to the prospective bidders. One of the favourites to complete the purchase is Oyak, the Turkish army pension fund, which is involved in a joint venture with Goodyear. But at the same time Telecom Italia, controlled by Pirelli, is also said to have a good chance of winning.

3rd March 2005/by Tyrepress Editors

Pirelli Wins 25 Million Euro Cable Contract

Pirelli energy and cable systems has announced that its Comergy subsidiary has won a 25 million euro contract to supply the SP PowerAssets, a subsidiary of Singapore Power. The contract will see the company supply and install 400kV PPL oil filled power cables, auxiliary cables and accessories in order to reinforce the county’s power transmission network within the country. Pirelli’s Eastleigh and Bishopstoke, UK plants will manufacture the 400kV power cables and accessories, whilst Pirelli plants in Turkey and Indonesia will supply the auxiliary cables.

”We are delighted to have secured a second 400kV contract with SP PowerAssets in the extremely competitive Asian marketplace for power cables,” Valerio Battista, managing director of Pirelli Energy Cables and Systems commented. “The award of this second contract is important recognition of our capability of supplying competitively priced solutions for high voltage networks. It also demonstrates the client’s trust in our ability to deliver such projects on time and within budget.”

2nd March 2005/by Tyrepress Editors

New OE Aluminium Casting Wheel Manufacturer

Only two years after its foundation, Cevher Alloy Wheels (Izmir, Turkey) has achieved the impressive feat of becoming an original equipment (OE) manufacturer of aluminium casting wheels. The company’s first assignment will be producing wheels for the Volkswagen T5, followed by a contract to work with Ford in the company’s Turkish car plant. In a promising development for the company, there have also been discussions with BMW. The acceptance of the company into the OE ‘circle’ is down to years of OE experience producing a range of other aluminium car parts says group president and CEO, Haluk Oezyavuz.

8th September 2004/by Tyrepress Editors

Hayes Lemmerz Ventures to Turkey

Hayes Lemmerz International has formed an aluminum wheel joint venture in Manisa, Turkey. The new company, Jantas Aliminyum Jant Sanayi ve Ticaret AS (Jantas Aluminum Wheels), will predominantly serve the Turkish market, but will also deal with other European markets. Production is scheduled to begin at the end of 2005 and it is estimated that it will produce up to 1.5 million wheels annually.

Three companies are involved in the business venture; 40 per cent will be owned by Hayes Lemmerz, 35 per cent by Cromodora Wheels and 25 per cent by Inci Holding A.S. Financial. The terms of the deal have not been disclosed.

10th August 2004/by Tyrepress Editors

Toyota Honors Hayes Lemmerz with Supplier Award

Hayes Lemmerz International received three prestigious quality awards at the Toyota Motor Europe Manufacturing supplier awards ceremonies recently held in Brussels, Belgium.

6th May 2004/by Tyrepress Editors

Obituary – Sakip Sabanci

Sakip Sabanci passed away at 6:00 am on Saturday 10th April, following a long battle against cancer. He was 71. As head of the Sabanci group, he presided over the establishment of Lassa in 1974 and the later joint venture with Bridgestone in 1988, as a result of which the company name changed to Brisa. A new factory was built at Izmit and production began in November 1990. Married with three children, he was the author of 13 books and, during his lifetime, was awarded no fewer than 11 honorary doctorates by Turkish and US universities. Other awards include the Crystal Globe by the European Economic Institute and the Turkish State Distinguished Service Medal. In 1999 Sakip Sabanci was elected “Businessman of the Year” by the FABSIT foundation in New York and was given the “Award for promoting Turkey” by the Turkish-American Businessman Association. With an estimated fortune of 2.65 billion Euro, he was reckoned to be Turkey’s richest man.

13th April 2004/by Tyrepress Editors

Goodyear achieves further quality certification

IBS America, Inc., one of the world’s leading suppliers of Internet-based software and services for quality and compliance management, has announced that the Goodyear Tire & Rubber Company’s East Europe, Africa and Middle East business unit has gained full regional certification for quality, safety and environmental standards using its QSi System. The global standards organisation Bureau Veritas Quality International (BVQi) issued the multi-site certification for Goodyear EEAME’s regional headquarters in Brussels and six manufacturing facilities located in Turkey, Slovenia, Poland, Morocco and South Africa. Each of these locations is fully compliant with critical business standards including ISO/TS 16949:2002, ISO 14001 & OHSAS 18001, Adapazari (Turkey), South Africa, Poland and Slovenia. ISO 9001:2000, ISO 14001, OHSAS 18001, Izmit (Turkey) and Morocco.

1st April 2004/by Tyrepress Editors