One week after the disastrous British Grand Prix, Pirelli heads to the Nurburgring in Germany. Pirelli has decided, in light of the tire failures at Silverstone, to bring Kevlar belted rear tires to Germany. Pirelli blamed the tire failures on a combination of factors. These included rear tires being mounted the wrong way round, low tire pressures, extreme
Giti will be supplying tires for the Pikes Peak hill climb event. The Chinese company has been appointed as tire supplier for defending champion, Nobuhiro Monster Tajima. Giti will supply the tires for the teams’s 1,000 horsepower electric vehicle. The Pikes Peak International Hill Climb is the second oldest motor sports race in America. The
Stock markets have punished Apollo Tyres for its audacity in daring to seal the biggest overseas deal in India’s corporate history – the acquisition of US-based Cooper Tire and Rubber. The share price of Apollo has fallen by around one third since the deal was announced. I’m trying to work out if this is justified
Apollo Tyres is to buy Cooper Tire and Rubber. The cash purchase price is around USD2.5 billion (USD 2,500,000,000). That’s about 60 percent of annual sales. Quite a low price for this kind of deal. Apollo statement | Cooper statement My own view is that Apollo has done well to finally negotiate this one. I
A conference in Berlin has crystallised an intense debate about the EU Tire Label. The event, organised by Marcus Evans Events took place on Tuesday and Wednesday this week (16, 17 April). It is still too early to say anything about the success or otherwise of the EU Tire Label. Early indications suggest that there
Three key stories emerged from the opening day of the Geneva Motor Show. ETRMA members met in Geneva and agreed to work together to help governments enforce the EU Labelling scheme Tire makers see the EU car tire sales downturn as structural – no recovery any time soon. BMW once again leads the OE field
R&D staff at tire makers around the world are over-loaded. This was one of the messages coming out of the Tire Technology event held this week in Cologne. The pressure of work from new product launches; labelling requirements and re-formulating is restricting tire makers’ ability to work with suppliers on new developments. If suppliers want
Goodyear Dunlop Europe is to close one of its two factories in Amiens, France. The move was predicted by Tire Industry Research weeks ago. The news was released to workers at the factory and on the US Securities and Exchange Commission on 31 January, 2013. Goodyear did not make a public announcement of the move,
Michelin has opened the first phase of its new factory in Shenyang, China. The project is huge. Total investment is scheduled to be US$1500 million (1,500,000,000). It will make many kinds of tire, including the cars tires, light truck tires, truck and bus tires. Total capacity will be 12 million units/year. This is projected to
Cabot Corp is receiving royalties from Michelin. The revenues come from an exclusive licence to Michelin for Cabot’s liquid mixing technology. Cabot sells the technology into the non-tire sector as Transfinity. Cabot’s main product is carbon black. The licence covers all tire-related applications for the technology. The licence permits Michelin to build and operate factories
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