Tire companies are reporting their results. So far Michelin, Goodyear, Yokohama, Toyo, Nokian, Hankook and Nexen have all reported for 2012. Indian companies Apollo, MRF, JK and Ceat also reported for the quarter ended December 2012, but their financial year runs from April to March, so they will not report full-year figures until May. Premium
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
Pirelli and its Russian joint venture partner have officially opened a new tire manufacturing line at the factory in Voronezh. The investment includes a mixing centre. The new line is capable of making the latest Winter tires for use in Russia and the rest of Europe. The factory will begin shipping the tires from March
Continental Tire the Americas, LLC (CTA) is to invest $129 million in its Mt. Vernon, Illinois tire facility. The move will create more than 100 new full-time jobs over the next three years. The biggest spend is on a $95 million expansion of the Commercial Vehicle Tire (CVT) production area. This will enable the Mt
Two industry leaders are to produce a sustainable source of natural rubber in Europe. The natural rubber will be sourced from the guayule (Parthenium argentatum) shrub. The shrub will be grown at an undisclosed location in southern Europe. The two partners in the project are Versalis and Yulex Corp. Versalis makes synthetic rubber. It is a
“Ceat Ltd” says has updated its plans to build a tire factory in Bangladesh. The business will now be a joint venture with a local company. The factory will make cross-ply (bias-ply) tyres for trucks, light trucks and 2- and 3-wheel vehicles. Most of the output will be used in Bangladesh. About 20 percent will
In a recent presentation to analysts, by Goodyear’s CFO, Darren Wells, he said the main challenge for Goodyear’s strategy today is to put its European operations in order. I’ve been following the press and analyst coverage of Goodyear’s strategy. I think his comments have been misinterpreted. I listened to the presentation over the internet. Afterwards,
Pirelli has removed the nudes from the famous Pirelli Calendar. Thank Goodness! It is unfortunate that the most famous object associated with a tire company is a set of nude and semi-nude images of women. I thought the Pirelli Calendar was out-dated. I thought it was sexist. I thought it was inappropriate to a modern,
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