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Infinity Aims For Fast Growth With 'Premium Budget' Strategy
March 12, 2010
When Al-Dobowi Group executives Surrender Singh Kandhari and his son Harjeev Singh Kandhari founded Infinity tires six years ago, they probably didn't envisage how quickly their ambitious plans would come to fruition.
What began with a series of informal meetings with key employees and potential suppliers in 2004 has since grown into an international exclusive/private brand operation present in...
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Kumho Goes Social With New Marketing Push
March 12, 2010
Kumho Tire USA said it plans to boost its social networking efforts this year as part of its overall marketing program.
The tiremaker said it would use Facebook, Twitter and YouTube "to reach current and future Kumho enthusiasts."
"Many of our loyal fans are already active users of Facebook and other social media sites so it was just a natural extension for Kumho to join and be a...
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Bridgestone Europe Rated a Top Employer
March 12, 2010
The CRF Institute, an independent research organization specialized in labor conditions, has certified the Brussels-based Bridgestone Europe a "top employer" in its 2010 ranking.
According to CRF, Bridgestone’s most outstanding employer attributes are its internal promotion policy and the training it provides.
As Bridgestone explains, the CRF Institute only issues its Top Employer...
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Daewoo Sale Helps Kumho Restructuring Plan
March 12, 2010
The Kumho Asiana Group is one step closer to untying its financial knots as the financial investors of Daewoo Engineering and Construction accepted the terms for selling their share in the company.
This leaves the path clear for Kumho Asiana to continue its restructuring plans a step further without losing Kumho Industrial to court receivership.
Kumho acquired a 72.1% stake in Daewoo Engineering...
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Aufine Bumping Prices 5%
March 12, 2010
China tiremaker Aufine Group has announced plans to execute a 5% price increase "for all the shipments from Apr. 1" because of the increasing cost of production materials, especially rubber.
Writing in a customer newsletter, company representatives explained that price has been "soaring highly within the past several months. Most of the Chinese manufacturers are under such great pressure...
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Continental Named Best in Mod Mag
March 12, 2010
Continental Tyre was highly commended in the 2010 awards issue of the U.K.'s top modified car magazine, Fast Car.
Announced in this month's magazine, the brand impressed the judges with its emphasis on safety.
The awards highlight exceptional performance, quality, originality, desirability and value. They are seen within the modified arena as a stamp of approval offering motoring enthusiasts...
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Falken's Next Gen Street/Track Tire
March 11, 2010
Falken Tire Corp. introduced the latest generation of its Azenis high performance line, the Azenis RT-615K.
The updated Azenis RT-615 features an “advanced motorsports-grade” tread compound for improved grip, Falken said, which “allows for increased entry and exit speeds on the track, resulting in improved lap times, as well as better handling and control on city streets and...
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Solar Car Students Get Boost from Yokohama
March 11, 2010
Yokohama Tire (Canada) Inc. is helping a team of student engineers who are working on making solar-powered cars practical for everyday use.
The Sunstang solar car program at the University of Western Ontario is receiving financial sponsorship from Yokohama as they develop a new car design.
According to Geoff Gauthier, project manager for the Sunstang, the car isn’t being developed for...
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Apollo Tyres Co-Hosts First Indian CV Awards
March 11, 2010
In association with CV, a commercial vehicle themed magazine for the Indian market, Apollo Tyres has held the first dedicated awards for the commercial vehicle segment in India – the Apollo-CV Awards 2010.
The awards ceremony took place on Mar. 8, and a total of 23 awards were conferred upon vehicle and ancillary component manufacturers.
The evening saw Tata Motors walk away with the two...
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Even With Slight Sales Drop, Pirelli Posts 2009 Profits
March 11, 2010
Pirelli SpA's Pirelli Tyre unit attained revenues of 3,992.9 million euros during 2009, a 2.6% reduction on a year earlier.
But despite this slight decrease, sales in the fourth quarter leapt 18.7% – an organic growth of 13.9% – to 1,034.3 million euros.
In the fourth quarter, EBITDA before restructuring charges stood at 155.2 million euros compared with 62.9 million euros in the ...
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Lanxess Considering Brazil Retreading Rubber Production
March 11, 2010
Some 18 million truck and bus tires are said to be retreaded in North America each year and a further nine million in South America.
To meet growing demand for the raw materials used in retreading both within the region and worldwide, Lanxess’s Performance Butadiene Rubbers (PBR) business unit is “considering the possibility” of manufacturing ESBR-BMB (emulsion styrene-butadiene...
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Conti Looking at Tire Price Increases
March 11, 2010
Speaking to the German automotive publication Automobilwoche, the head of Continental AG's Passenger Car Tire division, Nikolai Setzer, indicated that price rises are pending.
Although exact price adjustments will vary from market to market, he said “the increases are expected to be in the vicinity of 3% to 5%.”
Setzer also stated that he expects European markets to remain flat...
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New Generation Michelin Alpin Coming
March 11, 2010
The fourth generation of Michelin’s Alpin cold weather tire is ready, and the manufacturer states it will be introduced into European replacement markets during the first half of 2010.
The tire will be available in "all regions where winter roads are generally wet – around 80% of the time – and less often icy or snow-covered." The new tire has been designed to fit a wide...
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Vincent to Replace Retiring Cerio
March 11, 2010
Bridgestone Americas has promoted John Vincent to president of its Firestone Industrial Products Co. unit, as of June 1.
Vincent replaces Mike Cerio, who is retiring after 38 years with the Bridgestone, including many years in its tire operations. Cerio became president of the diversified group in 2003.
Vincent, who joined Bridgestone in 1982, was once director of Bridgestone’s Dayton...
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Delta, ACCC Tires Recalled
March 10, 2010
Two more companies have stepped up to announce their recalls of Cooper-made private brand tires.
Cooper said these tires – and those under recall by Hercules, Pep Boys and TBC – were counted among those it had previously announced were being voluntarily recalled.
Added to the list were Del-Nat Tire Corp.’s Delta A/S Sierradial and American Car Care Center’s American Prospector...
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First Eco Tire From Kumho
March 10, 2010
Kumho Tire USA has launched its first eco-friendly tire for the U.S. market – the eco Solus HM.
The all-season touring tire, said Kumho, is “formulated to be less impactful on the environment while delivering exceptional performance.”
Kumho said the tire’s new rubber compound “delivers outstanding traction, excellent ride comfort and extremely long mileage”...
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Pelmar Gets Equipment from Alliance Passenger Plant
March 10, 2010
The Pelmar Engineering Group says it has purchased the equipment from Alliance Tire's passenger car radial tire factory in Israel.
Alliance has exited the passenger tire market, and sought to dispose of its production machinery.
The machinery covered by the purchase includes first and second stage Marangoni tire building units, a Steelastic machine, Apex machine, 30x40.5-inch tire curing presses...
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Toyo U.S. Plant Expansion May Get Underway in Summer
March 10, 2010
Following the 2009 completion of an expansion project that doubled Toyo Tire North America Manufacturing’s White, Ga., facility’s physical size to approximately 160,000 square meters, the plant is operating at an annual capacity of 2.5 million tires.
However, Toyo says that plans are already in place to install new machinery and expand production capabilities as early as this summer...
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Conti: 32% European OE Share in 2009
March 10, 2010
Despite what it describes as a "severely deteriorating market," Continental AG reports that over the last year its OE passenger car tire marketshare within the European Union remained unchanged.
With a production figure of 24.4 million units, Continental was able to maintain its OE marketshare of 32%, and new OE supplies have been arranged with, amongst others, Porsche, Audi, BMW, Mercedes-Benz...
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Michelin Chooses Damco for Vietnam Logistics
March 10, 2010
Groupe Michelin has appointed freight forwarding and supply chain management service provide Damco as its logistics and customs clearance provider in Vietnam.
Under the three-year contract, Damco will handle Michelin’s exports from Thailand into Vietnam, inland transportation, cross-docking and distribution to customers within Vietnam. Damco will also manage warehouse operations for Michelin...
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