Hankook Announces Price Increase
(Akron/Tire Review) Hankook Tire America Corp. is raising prices by up to 5% on its full line of passenger and light truck/SUV tires, effective Jan. 1, 2008.
Hankook: Stopped Subsidy Reports False
(Staffordshire, U.K./Tyres & Accessories) Hankook Tire Co. has flatly denied reports (see item above) that the Hungarian government has stopped an $820,000 training subsidy, characterizing them as “misinformation.”
Michelin to Guarantee Annual Supply of Tyres to Recycler
(Staffordshire, U.K./Tyres & Accessories) Michelin has recently agreed to guarantee the supply of at least 6,000 tonnes of end of life and reject truck tyres each year to Newark based recycling company Charles Lawrence International, who will convert the waste tyres into rubber surfacing material for sporting and children’s playground uses.
Analysts Aim to Encircle Tyre Market
(Staffordshire, U.K./Tyres & Accessories) A new market research company is offering custom made insights to the automotive aftermarket and particularly the tyre sector.
Rhodia to Increase Price of Silica and Other Products
(Staffordshire, U.K./Tyres & Accessories) Chemical manufacturer Rhodia, whose Rhodia Sileca enterprise produces silica for use in tyre manufacture, announced on Nov. 22 an impending worldwide price increases for its products.
TCI Disinvestment Approved by India’s Lower House
(Staffordshire, U.K./Tyres & Accessories) India’s national house of representatives, the Lok Sabha, on Nov. 23 passed the Tyre Corporation of India (Disinvestment of ownership) Bill, 2007 by voice vote.
Delticom Pre-tax Profits up 69%
(Staffordshire, U.K./Tyres & Accessories) Delticom AG, Europe’s leading Internet tyre retailer, has increased revenues by approximately 34% year-on-year in the first nine months of this year to 146 million euros (2006: 108.9 million euros).
Government Relations in Hungary on Track, Assures Hankook
(Staffordshire, U.K./Tyres & Accessories) A representative from Hankook Tire has commented on published news that the company’s operations in Hungary had been penalised by the Hungarian government as a result of violating national law.
“Smuggled” Tyres Trouble Pakistan Retail Market
(Staffordshire, U.K./Tyres & Accessories) Tyre retailers in Lahore, Pakistan, have noticed a sharp increase in the number of “smuggled” tyres from India, China, and Dubai, putting locally produced brands at a disadvantage, according to The Post.
Conti: Casumina Tyres are for Asian Market
(Staffordshire, U.K./Tyres & Accessories) Continental AG has published a clarification of press coverage that suggested it had signed a five-year deal to import 170,000 truck tyres into Europe from the Casumina factory in Vietnam.
Michelin, Double Coin Reach Settlement
(Akron/Tire Review) Michelin North America and China Manufacturers Alliance have entered into a settlement agreement resolving MNA’s claims of infringement of intellectual property rights.
Toyo Gets OE Spot on Murano
(Akron/Tire Review) Toyo Tire (USA) Corp. has gained OE positions on the new 2009 Nissan Murano.