Michelin Holds Annual Shareholders’ Meeting
(Staffordshire, U.K./Tyres & Accessories) Groupe Michelin’s annual shareholders’ meeting was held in Clermont-Ferrand, France, on May 11, and managing partner Michel Rollier submitted to the shareholders a number of proposed changes in the area of Michelin corporate governance.
Michelin Selected for Pan-Government Supply Agreement
(Staffordshire, U.K./Tyres & Accessories) Michelin, with its service partner ATS Euromaster, has been appointed as one of two suppliers of tyres and associated services in a three-year framework agreement for a pan-government tyre sourcing initiative led by the NHS Purchasing and Supply Agency (NHS PASA), in conjunction with the Office of Government Commerce (OGC).
Natural Rubber Prices: Bullish Trend to Continue
(India/Rubber Asia) Rubber prices are to rule steady at higher levels at least for the next two years not just because of the much criticised vagaries created by overplay of hedge funds in NR market, but on account of the main market fundamentals of actual demand and supply of both NR and SR, according to market analysts.
IISRP AGM: From Delhi to Moscow With New Resolve
(India/Rubber Asia) The curtain went down on the 48th AGM of the International Institute of Synthetic Rubber Producers Inc (IISRP), the world’s most powerful body of synthetic rubber community, with a renewed commitment to unitedly take on the global challenges facing the industry.
New European Head for Hankook
(Staffordshire, U.K./Tyres & Accessories) On May 2 Hankook Tire announced the appointment of Seung Do Jin, currently executive vice president of the company’s Korea Headquarters in Seoul, to the position of head of Europe headquarters.
RubberTech China 2007 Expo Gets Quantum Boost
(India/Rubber Asia) Amidst enthusiastic response from the global tyre and rubber industry giants and the world’s leading buyers and suppliers, the Shanghai New International Expo Center in Shanghai is gearing up to host two global tyre and rubber industry expos – Reifen China 2007 and Rubber Tech China 2007 – from 14-16 November 2007.
Cambodia’s Ambitious NR Plans
(India/Rubber Asia) Cambodian natural rubber (NR) plantation industry which has been lying low for the last several years despite the country’s extremely favourable soil and climatic conditions, is all set for resurgence, thanks to the ongoing vigorous initiatives on the part of the government and the industry at large.
Conti Publishes Strong First-Quarter Figures
(Staffordshire, U.K./Tyres & Accessories) Continental AG’s consolidated sales for the first quarter of 2007 rose by 9.8% compared with the same period of the previous year to 3.964 billion euros.
MRF Tops India OE Tire Study
(Akron/Tire Review) India’s MRF received the highest customer satisfaction scores in the recent JD Power & Associates Asia Pacific 2007 OE tire survey.
BFNAT Promotes Two
(Akron/Tire Review) Bridgestone/Firestone North American Tire has made two appointments within its OTR and agricultural tire groups.