International Archives - Page 23 of 413 - Tire Review Magazine
Three Tiremakers Make Fortune Global 500 List

Fortune has released this year’s "Global 500" list, which names the world’s largest companies in respect to turnover for the fiscal year ending before or on March 31, 2013. While no tire firm could hold a candle to Royal Dutch Shell, whose revenues of $481.7 billion propelled it into the number one position, three leading

Michelin: 2013 Results on Track, but Net Income Down 64%

Upon announcing first half 2013 results, Michelin has voiced its expectation that mature markets will continue their recovery from last year’s weakness in the remainder of the year, while expansion should be seen in emerging markets. Should this trend play out, the tiremaker sees itself in good stead to achieve its projected full-year volumes. “Michelin’s

U.K Parents Fail Falken School Tire Safety ‘Test’

Motorists carry their most precious cargo when making the school run, but that’s no guarantee that the vehicles they use will be fit for duty. Time spent by Falken at Moorfield Primary School in Shropshire uncovered a high number of illegal tires – eight out of the 25 parents’ cars checked were fitted with tires

Sumitomo to Debut ‘Ultra Pure’ Tires in 2014

Sumitomo Rubber Industries’ recent development of a highly purified form of natural rubber may take on tire form as early as next year. The Japanese manufacturer says it plans to utilize its UPNR (Ultra Pure Natural Rubber) in several tires, starting with new ranges scheduled for launch in 2014. “With the recent rise in global

Cooper to Customers: Strike is Delaying Shipments

Representatives of Cooper Tire’s Findlay, Ohio, corporate headquarters have confirmed that the company is facing strike action at its Rongcheng, China, plant.

Goldman Sachs buys Apollo shares

On July 22, Goldman Sachs Singapore PTE acquired 2,768,258 Apollo Tyres shares on the National Stock Exchange of India for Rs 69.70 per share. This gives the investment banking and securities firm a 0.55% holding in the tiremaker. Yesterday’s transaction follows that of Swiss Finance Corp., which purchased 6.78 million Apollo shares on the NSE

Indian Tiremakers Shifting to Imported Rubber

Ongoing concerns over the availability of natural rubber have prompted India’s tiremakers to cast an envious eye on supplies from outside the country. Now the Automotive Tyre Manufacturers Association (ATMA), the organization representing 10 of India’s tire manufacturers, has handed the country’s Commerce Minister a statement saying the tire industry will more strongly rely on

Apollo: Despite Strike Reports, Cooper Chengshan is on Track

Following news of industrial opposition to the ongoing Apollo/Cooper takeover, Apollo representatives confirmed the deal is on-track to be a “compelling strategic transaction.”

Reports: Cooper JV Workers Strike Over Apollo Acquisition

Workers at Cooper Chengshan, a joint-venture between Cooper Tire & Rubber Co. and Chengshan Group (China), are reportedly on a strike in protest against Apollo’s proposed acquisition of Cooper.

Bridgestone Goes Green – and Blue

The printing technology Bridgestone previewed at the 2012 Geneva Motor Show is now a commercial reality.

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.

Schaeffler Holding Refinances Debt, Issues Bonds

On July 17, Schaeffler Holding signed a new €3.875 billion credit agreement that it is said to offer improved terms. As part of the transaction, Schaeffler Holding intends to issue high yield bonds in euro and US dollar tranches, with an issue size equivalent to approximately €1.5 billion. This will go toward repaying the company’s