Conti Chief Thinks CTNA Will Break Even
Manfred Wennemer, Continental AG executive board chairman, told Dow Jones Newswires that the company’s North American tire operations may break even for fiscal 2007, ending nearly a decade of consecutive losses.
Yokohama Signs Deal for Europe Test Track
Yokohama Rubber Co. has signed a lease deal with Spain’s IDIADA Automotive Technology SA that will give the tiremaker access to IDIADA’s new test track.
Michelin to Double Capacity at Romanian Plant
Production capacity at Michelin’s Victoria Floresti factory in Romania will reportedly double over a two-year period to eight million units.
Israeli Retreading Firm Expands into Europe
Israeli manufacturer of retreading materials and other rubber products, Ein Shemer Rubber Industries, has announced its acquisition of a cooperative partner based in Bosnia-Herzegovina, Fagum, and has stated that by April the two partners intend to establish a joint venture company, to be known as “Ein Shemer Europe.”
PTL Announces New Greenfield Facility
On Jan. 15, the board of directors of PTL Enterprises took on record the company’s unaudited results for third quarter of 2007-08 and gave approval for a Rs 400 million (≤5.2 million) Greenfield tyre plant project in Kerala.
Michelin To Build Vietnamese Factory?
A report in the Vietnam Investment Review, citing an unnamed Michelin official, suggests that the tyre manufacturer may be considering building a tyre manufacturing plant in Vietnam over the next three years, at a cost of US$ 1.5 billion.
Apollo Announces Results, Projects
The board of directors of Apollo Tyres Ltd., on Jan. 15, announced the company’s unaudited results for the third quarter of the financial year 2007-08.
Vipal Launches New Ruzi Treads
Vipal brand, Ruzi, has lauched a new range of pre-cured tread material, designated RM 729.
Lanxess Releases New Tyre Additive
Specialty chemicals group Lanxess has developed a new high-performance rubber additive.
Apollo to Build in Hungary, Eyes Europe and N.A. Markets
Apollo officials said they have been evaluating various options for a European manufacturing hub to service the European and North American markets.
Apollo Unveils First Winter Tyres
At Auto Expo 2008 in New Delhi, India, Onkar S. Kanwar, chairman and managing director of Apollo Tyres, unveiled the company’s first winter tyres – Acelere Ice and Hawkz Ice – meant for passenger vehicles and 4x4s, making Apollo the first Indian tyre company to manufacture winter tires.
ATSE Wins Castle Morpeth Council Contract
Castle Morpeth Council has awarded a contract to supply tyres and associated services across its 148-strong fleet to ATS Euromaster, as part of a framework agreement created by the North Eastern Purchasing Organisation.