Mag Test Affirms Winter Tires Offer 3x More Grip
As U.K. tire suppliers, distributors and fleets show increasing interest in stocking and promoting winter tires, consumer magazine Auto Express has published a winter tire test showing that the season-specific products offer three times more grip than standard “summer” products. The winter tire test, full details of which are published in the latest issue of
Michelin or Goodyear? Analysts Make Their Choice
Analysts from investment bank Morgan Stanley have recommend investors buy shares in “Michelin against Goodyear” following its Alphawise surveys in Europe and the U.S. Based on current market performance and taking catalysts into the equation, the analysts estimate that “Michelin is 20% above consensus, while for Goodyear we are 15% below the street.” As a
Noticeable by Their Absence
The upcoming Reifen Essen tire industry show will feature more than 550 exhibitors from 40 nations and 17,000 visitors from over 100 countries. With so many tire companies on show, some of the largest tire companies end up standing out not for their weird and wonderful stand designs or their high technology products, but simply
Hankook Fifth in Europe? Maybe!
European marketshare data released by Hankook shows that Michelin remains the undisputed leader in both the car and truck tire segments – but the previously exclusive stable of top five tire manufacturers gained a new member in 2009. Hankook’s decision to publish its projections of how the land lies, following one of the most tumultuous
Vredestein: ‘Marriage’ to Apollo Will Stand the Test of Time
On May 15, Apollo Tyre’s purchase of Vredestein Banden was completed with the signing of contracts ratifying a deal estimated to be worth between 175 million and 229 million euros.
Kumho, Uniroyal Awarded Which? ‘Exceptional Value’
The U.K. consumer advice magazine Which? has published the results of its latest tyre tests in the April 2009 edition, awarding “Exceptional Value” ratings to the Uniroyal RainSport 2 and the Kumho Solus KH17.
Tyre Industry Response to REACH Legislation
Due to be phased in over the next 10 years, the European Union’s chemical usage legislation REACH – dealing with the Registration, Evaluation, Authorisation and Restriction of Chemical substances – holds implications for many at all levels of the tyre industry.
Goodyear ‘Considering’ $250 million Plant in Russia
Goodyear is reportedly considering building a five million unit tyre production plant in the Yaroslavl region of Russia, at a cost of between $200-250 million.
Tyremakers Get Earthy at Agritechnica
(Staffordshire, U.K./Tyres & Accessories) The Agritechnica exhibition, held in Hanover, Germany between Nov. 13 and 17, provided a platform for European and international tyre manufacturers to display their latest products.
Update: Amtel-Vredestein in Talks With Continental
(Clacton, U.K./Tyres & Accessories) Only weeks after it emerged that Continental AG was discussing a possible purchase of Slovakian tyremaker Matador Rubber, reports have surfaced that Continental’s eastward movement could now include purchasing the majority stake of Amtel-Vredestein.