Inter Milan and Pirelli May Split Ways
Michael Bolingbroke, president of the Inter Milan soccer club, admitted to Inter shareholders that Pirelli’s sponsorship of the club could be coming to an end, reports Tribal Football. “In June we’ll celebrate 20 years with Pirelli as a partner and as far as I know it’s the longest partnership in football history,” said Bolingbroke. “It
Chinese Winter Tire Proves Itself
German magazine Auto Bild’s recently published annual winter tire test has highlighted the fact that not all Chinese tires are price-driven, lower-quality products, reports Tyres & Accessories. The magazine tested 50 tires and of those only 16 passed to the second round of testing. Furthermore, just 14 tires were given a ‘recommended’ or higher rating,
Michelin Purchasing German Wholesaler
According to information available to Tyres & Accessories, major European wholesaler Ihle Baden-Baden AG may soon belong to Michelin. The French tiremaker is said to be planning a 100% acquisition of parent company Ihle Holding AG, whose assets include some 20 companies. Ihle Baden-Baden AG, which is headquartered in the spa town that serves as
Michelin Completes Sascar Acquisition
Michelin’s acquisition of all outstanding shares in Brazilian digital fleet management and freight security firm Sascar Participações S.A. and its affiliated companies, which was first announced on June 9, has now been completed. The transaction has been approved by the Brazilian competition authority (CADE) and all other closing procedures were finalized on August 29. Sascar has 870
Strong Growth for Sumitomo Rubber Industries in H1 2014
Robust growth was once again order of the day at Sumitomo Rubber Industries (SRI). The company reports that in the first half of 2014 its turnover has increased to 379 trillion yen ($3.7 billion). This growth almost exclusively came through the company’s tire business; SRI is the second largest Japanese tiremaker and its active worldwide
First Half 2014 Results Show Bridgestone’s Positive Development in Europe
In the second quarter of 2014, Bridgestone managed to increase its turnover and its operating profit even more so. And the figures for Europe were particularly noteworthy and show a continued improvement, even if they remain below company average. To read more, visit Tyres & Accessories.
Are Brazil, Columbia, Mexico Also on Goodyear Radar?
Speculation continues to swirl over exactly where Goodyear’s planned consumer tire plant will land. Initially it was thought that Chester County, S.C., would be selected, but it turned out that the “$500 million” tire plant heavily rumored to be built there turned out to be Giti Tire Group’s $560 million consumer tire plant. Another set
Linglong Brand Sponsors Uganda National Basketball Teams
Shandong Linglong Tyre Co.’s Linglong Brand has entered an agreement with the Federation of Uganda Basketball Association (FUBA) for a sponsorship package that will run for two years. The partnership includes logistical, financial and material assistance to the two national teams, as well as travel and the necessary allowances to the players. “[The association is]
Tiremakers Prepare as West Coast Dockworker Talks Continue
A July 1 deadline looms for a new contract agreement covering 13,600 dockworkers at 30 ports stretching from San Diego to Bellingham, Wash. And a new study by the National Association of Manufacturers (NAM) and the National Retail Federation (NRF), reports that the U.S. economy could lose as much as $2.5 billion a day if
CITExpo Increases Show Floor Size
When the twelfth China International Tire Expo (CITExpo) kicks off on Sept. 10-12, the organizer (Reliable International Exhibition Services Co, Ltd.) hopes to be able to claim the title of “largest Far Eastern tire trade show.” And in order to this the company is increasing available floor space by some 20%. Read more at Tyres
Apollo Vredestein Unveils New Generation Products
Apollo Vredestein BV unveiled two new products – Quatrac 5 and Snowtrac 5 – at a media event in Edinburgh, Scotland. “Vredestein is unveiling these products in Scotland for three reasons. First are the country’s beautiful, astonishing landscapes. The second is for the famous saying that you can experience four seasons in one day in Scotland.
Tan Expands on Global Tire Market
There are three main concerns in the global tire industry, according to Dr. Enki Tan, executive chairman of Giti Tire Group. Tan shared his views with the trade media following the announcement of Giti’s first North American tire plant. Tan’s first concern is the volatility in the raw material prices. He noted that the changes
