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Latest tyre industry news |
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 | Repairing Runflats - The Choice is Yours |
30/07/10 |  |
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Apollo Posts 11% Revenue Rise |
30/07/10 |  |
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The Board of Directors of Apollo Tyres Ltd has approved the company's unaudited results for the 1st quarter of the financial year 2010-11. Earlier, at the 37th Annual General Meeting, shareholders approved the highest ever annual dividend payout of 75% per share in the history of the company, for the year ended March 31, 2010.
Apollo Tyres Ltd's consolidated revenue for the 1st quarter — taking into account Apollo Tyres' Indian and International Operations — grew 11% to reach a net sales of Rs 18.2 billion up from the previous year's Rs 16.3 billion.
Earlier in the day, in his address to shareholders at the company's 37th AGM, Apollo's Chairman Onkar S Kanwar, highlighted the concerns arising out of the spiraling cost of natural rubber prices. Commenting on the results, Onkar S Kanwar said: "This quarter's results reflect the pressures on the bottomline due to an abnormal rise in the price of natural rubber. In April 2009, it was Rs 70/kg. When we closed the year in March 2010, it had doubled to Rs 145/kg. Four months later in July, the average price is Rs 180/kg — and rising. I do not see relief in the immediate future since while international prices have been falling since April, domestic prices have continued to rise."
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Hankook Focuses on Key Components to Secure Growth |
30/07/10 |  |
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Bridgestone's on New Aston |
30/07/10 |  |
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Funds for Cancer Support |
30/07/10 |  |
 | Tyre Shopper - Online Performance Award |
30/07/10 |  |
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Pothole Damage a Big Concern |
30/07/10 |  |
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NETE - Angels of the North |
30/07/10 |  |
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Cam Launches UniSerV |
30/07/10 |  |
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Cam Systems, a leading provider of software products and services to the independent tyre industry in the UK, is launching a new application suite which aims to offer a transformational solution for the challenging commercial environment. The UniSerV(tm) application suite includes features such as call logging and customer policy and contract management, interactive mapping, fleet inspection, fleet management and e-Pen technology for breakdown forms. It also integrates seamlessly into the Cam's Cameo platform for systemised updating of stock and near real-time invoicing, making commercial functions speedier, more robust, less costly to process and, ultimately, easier and cheaper to manage.
In addition, the company is in the process of building integrated Casing Management as well as third party integration links (a module known as 3PIe) between UniSerV(tm) users and external operators so that both parties can share electronic breakdown form details and data. This will enable all parties in the process to reduce paperwork and processing costs.
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HiQ Hit the High Notes |
30/07/10 |  |
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More than 200 UK motorists have declared Lenny Kravitz's Are You Gonna Go My Way as the best driving anthem of all time, the HiQ fast fit network can reveal.
HiQ commissioned a survey to discover which track is the most enjoyable to listen to in the car, and the American rocker has made a surprise entry at number one.
In a top 5 dominated by rock and indie related artists, Frankie Goes to Hollywood (Two Tribes) is second in the chart, with Queen (One Vision) third, Stereophonics fourth (Bartender and the Thief) and the Manic Street Preachers fifth (Design for Life)
HiQ's marketing manager Geraldine McGovern said that the survey was the network's latest way of engaging with motorists, as the brand regularly spoke to them about a number of issues, including customer satisfaction and overall perceptions of the fast fit industry.
She said: "We didn't know what to expect when we put the question to drivers. We had a lot of different suggestions, which we are well used to.
"If I said I had heard of all of the entries I would be lying, and while we appreciate the contagious riff and all showmanship in Lenny Kravitz' iconic track, we thought Queen's Don't Stop Me Now might have been in with a shout!
"We also hope that some recognition for Reef's seminal 90s hit might propel them back into the limelight in the process!"
Geraldine added: "Participating centres are all offering free vehicle health checks to ensure that cars are in good, safe working order.
"These eight-point checks are offered free of charge in an attempt to assist motorists wherever possible."
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Tyre & Aftermarket Supplier of the Year |
30/07/10 |  |
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Maxxis Nominated for Top Award |
30/07/10 |  |
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Goodyear Reports Profit in Q2 |
30/07/10 |  |
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First Stop Tyre Safety Tour Hits the Road |
30/07/10 |  |
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First Stop is out on the road throughout August with its Tyre Safety Inspection Roadshow. The roadshow is running at supermarkets and retail parks in seven locations across the UK, and will be taking the tyre safety message out to drivers who will also have the opportunity to enjoy some Formula 1 fun on the stand.
First Stop experts will be on hand to check tyres for tread depth and any damage, giving customers a free Tyre Safety Check document to indicate the condition of each of the tyres on the vehicle and offering advice on day to day tyre maintenance.
"Checking your tyres should be an essential part of weekly car maintenance, but many drivers simply don't bother risking fines, accidents and running up extra fuel costs," said Dan Woodward, Retail Marketing Analyst at First Stop. "As well as checking tyres for drivers, we'll be showing them how easy it is to do it themselves regularly and educating them about the risks of under-inflated or worn tyres."
The First Stop Tyre Safety Inspection Roadshow is running between 10-4pm in seven locations across the country throughout August. |  |
Branches of First Stop involved in the tour include: |
Tyretread |
Canterbury |
3-4 August |
Freeway Tyres |
Tunbridge Wells |
5-6 August |
Kingsway |
Boston |
10-11 August |
TW Tyres |
Rugby |
12-13 August |
Tanvic Tyres |
Lincoln |
17-18 August |
Eden Tyres |
Nottingham |
19-20 August |
LTC |
Great Bridge |
26-27 August |
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Mike Wise to Leave Kwik-Fit Fleet |
30/07/10 |  |
 | CPK Sold to Stapletons |
29/07/10 |  |
 | Point S (UK) membership recruitment drive |
19/07/10 |  |
 | 'Duty of care' appeal to tyre retailers |
16/07/10 |  |
 | Environmental Agency aims to "hit" illegal tyre operators |
16/07/10 |  |
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Working with the tyre recovery industry to increase intelligence on illegal operators the EA has identified this as a key priority. Said the EA, “We are working to tackle the several hundred thousands of scrap tyres we believe are dealt with outside the law every year. It's a much, much bigger problem than we initially thought.”
Speaking at the Tyre Recovery Association's Forum Day, held in Solihull last week, Phil Gibbon, project manager for the Agency's national enforcement service, called on the legitimate tyre recovery sector to help address the issue by providing information which would allow the Agency to secure 'big hits' against those making 'big money' from illegal tyre operations.
Said Phil Gibbon, “The Agency is particularly concerned about the 'huge emerging trend' of tyres (tyre bales) being exported to markets such as Vietnam and Hong Kong.” Gibbon revealed that the Agency has already prevented the export of 300 containers of tyres so far in 2010 and currently had four major investigations ongoing into tyre exports.
The cost to the Agency or repatriating these containers of waste tyres was £30,000 a container. The Agency, he said, would seek to recover these costs from those involved in the illegal export activity.
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Latest tyre industry news |
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