Sibur May Buy A-V Stake
Moscow Times has reported that Sibur Russian Tires may take a significant stake in troubled competitor Amtel-Vredestein NV.
Preliminary Figures Show Strong Revenue Growth at Delticom
Leading European online tyre retailer, Germany’s Delticom AG, has delivered news of greatly increased 2007 financial year revenues.
Barrick to Fund Yokohama OTR Tyre Expansion
Further to the Jan. 30 announcement that Yokohama Rubber has signed an OTR tyre supply agreement with Barrick Gold Corporation, the mining giant disclosed it has provided Yokohama with financial assistance to upgrade its facilities in preparation for supply.
Amtel-Vredestein in Talks With Rival Sibur
Struggling Amtel-Vredestein NV is now talking to rival Sibur Russian Tires about some type of business hook-up, including a joint venture or acquisition.
Retail Fly-Tipping Costs ≤2 million a Year
Under the banner of “Educating the consumer,” the second annual Tyre Recovery Association (TRA) annual forum took place at the end of January.
Debt Load Pushing Amtel-Vredestein
Refinancing problems due to weak financial markets and possible “supply disruptions” has Amtel-Vredestein NV scrambling to reorganize debts and obtain new financing, according to reports.
Delticom Forecasts 21% Increase in Revenues
German based online tyre retailer Delticom AG has published its forecast for the current fiscal year 2007 as a reaction to industry figures published yesterday by the German Tyre and Vulcanisation Industry Association BRV, as well as in response to what the company calls irritations in the financial markets with regards to the course of Delticom’s business during the current fourth quarter.
Tyre Exports Increase, Import Double in India
Despite the increasing strength of the rupee tyre manufacturers in India are still enjoying export growth, reports the Hindu Business Line.
Goodyear Gets Deal to Stay Home
As expected, Goodyear Tire & Rubber Co. announced yesterday that it has a tentative deal that will bring it all-new headquarters space in Akron for its corporate and North American Tire operations.
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).