Amtel-Vredestein & Sibur Holding Merger Discussions
Amtel-Vredestein appears to be favouring the idea of a merger with Sibur-Russian Tyres.
China’s Inflation Hits American Price Tags
(The New York Times) China’s latest export is inflation.
Toyo to Increase Prices
Effective March 1, 2008, Toyo Tire U.S.A. Corp. will increase pricing on consumer and commercial products up to 6%.
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.
Sameer’s Yana Tyres Struggling to Take Off
Sameer Africa recently raised its tyre prices by between 4% and 6%, the Nairobi Nation reports.
Conti Says Profits Have Come to Passenger/LT Side
Continental Tire North America says its passenger/light truck tire division will finish 2007 in the black for the first time in a decade.
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.
JK Tyre BOD Recommends 27% Dividend
Shareholders in JK Tyre & Industries look assured of a healthy return on their investment after the company’s board of directors recommended a dividend of 27% on equity shares for the year 2006-07. Company net profits for the quarter ending December 31, 2007 were Rs 217.4 million (£2.8 million), an impressive increase of 166 per
Analysts: High Raw Material Prices Protect Tyre Manufacturer Margins
Following Bridgestone/Firestone’s recent decision to increase prices in North America, Deutsche Bank analysts have observed that high raw material prices are allowing the leading players to indirectly influence market prices.
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.
BFNAT Takes Increase Mar. 1
Bridgestone/Firestone North American Tire is boosting prices on its Bridgestone, Firestone and associate brand lines by up to 8%.