Pirelli Signs Tyre Sector Research Agreement
(Staffordshire, U.K./Tyres & Accessories) On Oct. 15, Pirelli and the Politecnico di Torino, an institute specialising in engineering and related disciplines, signed a five-year framework agreement for joint research in the tyre sector.
Unperformed Maintenance Grows in 2006, Says AASA
(Akron/Tire Review) The value of unperformed maintenance grew to be $53 billion in 2006, up from $52 billion in 2005, according to research from the Automotive Aftermarket Suppliers Association (AASA).
Conti to Close Credit Facility for Siemens VDO Purchase
(Staffordshire, U.K./Tyres & Accessories) Continental AG is closing the syndication of a €13.5 billion loan package, supported by a consortium of international banks.
Indian Domestic Manufacturers Hit by Strong Rupee
(Staffordshire, U.K./Tyres & Accessories) The growing strength of the Indian rupee against the U.S. dollar has been squeezing the export margins of tyremakers in the subcontinent for some time.
Pneu-Logic Signs Supply Agreement with Rema Tip Top
(Staffordshire, U.K./Tyres & Accessories) Pneu-Logic, the U.K.-based tyre division of Advanced ID Corp., has entered into a strategic supply agreement with Rema Tip Top as a global reseller of Pneu-Logic’s line of technology products.
Tyrexpo Asia 2007 ‘Comes of Age’
(Staffordshire, U.K./Tyres & Accessories) Increased visitor numbers representing a wider variety of countries and greater numbers of exhibitors taking extra floor space, were the top-line highlights that contributed to a record-breaking sixth Tyrexpo Asia exhibition at the Singapore Expo Centre recently (11-13 Sept. 11-13).
Bridgestone Presents Interior Motives Award
(Staffordshire, U.K./Tyres & Accessories) For a second successive year, Bridgestone has sponsored the ‘Best Safety Innovation’ category in an annual competition organised by Interior Motives magazine for automotive design students from around the world.
Cheap Chinese Imports Worry Tyremakers
(Akron/Tire Review – India Business Standard) With the tyre market being flooded with cheaper Chinese bus and truck tyres, the domestic tyre industry is up in arms about the under-invoicing of these imports and their inferior quality.
Bridgestone’s ‘Steady Growth’ in Europe
(Staffordshire, U.K./Tyres & Accessories) At the recent IAA motor show in Frankfurt Bridgestone discussed details of its ongoing major investment programme for 2007, supporting its long-term plan for steady growth in Europe.
India Tire Exports Register Marginal Growth
(Akron/Tire Review – Hindu Business Line) India’s tire exports for fiscal year 2006-07 registered a marginal growth of 1.15% at 54,49,560 units as against 53,87,502 units the year before.