BRIC and MINT Economies Impact on Tire Market
OK so the fact that China is the world’s largest tire producer, the largest carmaker, has the largest population and is likely to be the largest economy soon means that it is massively premature to write off the People’s Republic. Rapid growth and the huge scale of Brazil, Russia and India means these markets are
Pirelli Partners with Audi Club North America
Pirelli Tire North America has partnered with the Audi Club North America.
Borgo Named Pirelli’s First General Manager Operations
A new management role, general manager operations, has been created at Pirelli, and Gregorio Borgo has been appointed the first incumbent. Borgo, currently head of Pirelli’s Asia-Pacific region, will report directly to company chairman and chief executive officer Marco Tronchetti Provera in his new position. The tweaking of Pirelli’s management structure and creation of the
Rhein Chemie Names New President and General Manager
Rhein Chemie Corp. appointed Christopher Mitchell as president and general manager, effective Sept. 16. “Mr. Mitchell is a proven leader with a strong industry record and impressive credentials,” said Anno Borkowsky, president and CEO of Rhein Chemie Rheinau GmbH. “His comprehensive knowledge and understanding of the chemical industry and business will be vital in leading
Continental Revises Full-Year Earnings
Reporting its second quarter and first half results, Continental Executive Board chairman Dr. Elmar Degenhart cautioned that the stronger development seen in the second quarter shouldn’t be viewed as a turnaround; rather, sales developed better due to seasonal and technical factors. The European market – where Continental makes 55% of its sales – was described
Continental Posts Higher Income, Sales in First Half
Continental AG reported a 13.8% year-on-year improvement in first half net income, posting earnings per share of 5.71 euros, up from 2012’s 5.02 euros. In the first six months of 2013, consolidated sales were up 0.4% year-on-year to more than 16.5 billion euros, while EBIT was down 1.4% to a little over 1.6 billion euros
Apollo-Cooper Update: Kanwar Offers Hints on the Global Future
Inside line on the deal, the impending integration and the strategy behind the purchase of Cooper Tire & Rubber Co. by Apollo Tyre.
Pirelli Produces One Millionth Tire at Silao Plant
Pirelli’s tire manufacturing plant in Silao, Mexico, which was inaugurated in May 2012, has produced its one millionth tire.
PTNA Names Gravalos to Head Mexico Operations
Pirelli Tire North America executive Tom Gravalos has been named CEO of Pirelli Neumaticos S.A. de C.V. in Mexico (Pirelli Mexico), effective immediately.
More on Yokohama Mexico Rumors
Following the news that Yokohama Rubber Co. established a Mexican subsidiary, Yokohama Tire Mexico, local news reports suggest the tire manufacturer is planning to use this company to build a passenger car tire production plant in Silao, Guanajuato, Mexico. According to El Economista newspaper, the plan is for the plant to provide tires to Honda