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News

Michelin Helps Traditional English Craft to Bloom Again
Bridgestone Shipments of Run-Flat Tyres Top Three Million

Michelin to Cease Formula One Involvement
Wrantage farmer wins Firestone Young Farmer of the Year Award
Michelin recalls 255/35 ZR20 97Y Extra Load Michelin Pilot Sport Tyres
Goodyear Sells North American Farm Tyre Business
Bridgestone Launches B 250


Michelin Helps Traditional English Craft to Bloom Again

Michelin Development, part of Michelin Tyre Plc. is backing one of only a few new china companies to be formed in Stoke on Trent since the majority of the famous names moved their manufacturing to the Far East.

Stoke on Trent and "The Potteries" was always the traditional home of fine English china but with the economic climate favouring relocation to either the Far East or Eastern Europe, many of the region's best known pottery companies have moved their manufacturing off-shore and made skilled workers redundant. John Hinks, who has over 30 years experience in the Stoke ceramics industry, including being a past owner of Royale Stratford, was determined to halt this trend and prove that specialist local skills were more than a match for cheap labour. Michelin Development Ltd was able to help him set up his new company.

Studio Hinks Fine China specialises in flowers and floral arrangements in fine china and was started in early 2005. John Hinks was determined to keep the art of fine bone china floral making alive in the area and was willing to put a substantial amount of his own money behind the project. Despite this, he realised that he needed extra funding and turned to the Michelin Development team for help. They were able to help with expertise and loans to see John through the important launch period.

Now Hinks has healthy orders from prestige china companies like Aynsley, Doulton and Wedgwood with the main demand coming from Japan. The Studio now employs twelve skilled artists plus a number of homeworkers and is looking to increase this over the next few months. John thinks that local skills have given him the edge:

"I think that we are the best in the world at floral work, which is why the biggest china manufacturers choose to use us. The help from Michelin Development has meant that I am able to employ some of the fine local craftsmen and women whose career ended when companies moved out East"

Michelin Development was developed to help small to medium sized businesses and start-ups create new jobs in the areas where it has factories. It offers special loans and world-class expertise to companies with the right kind of potential. A full set of guidelines is available on www.michelindevelopment.co.uk.


Bridgestone Shipments of Run-Flat Tyres Top Three Million

Bridgestone Corporation has announced that it recently shipped its three-millionth run-flat tyre. The company's run-flat production has accelerated since 1999 as automakers have adopted run-flat specifications on a growing range of vehicle models. The historic three-millionth tyre left a Bridgestone plant in September.

After marking one million shipments in February 2004, the following two million shipments were achieved in as little as one year and seven months. Rapid growth in demand for run-flats coupled with Bridgestone's capability in developing run-flat technologies and its efforts to strengthen production system are seen as the primary reasons for the fast increase in shipments.


Michelin to Cease Formula One Involvement

Michelin has announced it will not extend its Formula One involvement beyond the 2006 season. In a pre-prepared press statement Michelin said that it had on several occasions expressed the conditions of its involvement in Formula One:

"Michelin considers Formula One to be a highly technical motorsport in which the tyre is a very influential component in the scope of the performance of the vehicle", said the statement. "The teams' freedom to choose their own tyres is essential. Therefore, competition between at least two tyre manufacturers is critical; this provides the basis for real competition between tyre suppliers, which, in turn, stimulates progress for the public's greater interest. Today, it would appear as though Formula One rules will be modified to impose a single tyre supplier".

After consulting with its lpartners (McLaren Mercedes, BMW Sauber F1, Renault F1, Honda Racing F1) as well as with Sir Frank Williams, Michelin says it is now convinced that the evolution towards a single tyre supplier is inevitable and expressed regret to see F1 lose a part of its high technology. In addition, Michelin pointed out that constant changes to racing regulations without warning made planning for the future impossible, making long-term investments in Formula One less viable.

"This decision is the result of profound differences between Michelin's long-standing sporting philosophy and the way Formula One is managed by the regulating authorities, which no longer provide a clear and sustainable environment to justify long-term investments," commented Mr. Edouard Michelin. "For Michelin, leaving Formula One in no way represents abandoning motorsports, to which the Michelin brand has been committed for 117 years. If F1's ways of functioning were to be significantly modified, Michelin would not hesitate in proposing its services to the different teams once again."


Wrantage farmer wins Firestone Young Farmer of the Year Award

Twenty-six year old Rodney Down of Higher Wrantage Farm, Taunton, Somerset is the National winner of the Firestone Young Farmer of the Year Award. Rodney was one of three finalists in the 'Young Farmer' category at a ceremony held at The Grosvenor House in London on Wednesday 30 November.

Rodney was awarded his trophy by Kate Humble, the BBC TV presenter and Stefan Denayer, Firestone's European Agricultural Sales Manager. In the Young Farmer of the Year category, judges were looking at business acumen, technical expertise, environmental and social responsibility, marketing skills and innovation.


Michelin recalls 255/35 ZR20 97Y Extra Load Michelin Pilot Sport Tyres

Michelin is launching a recall of 255/35 ZR 20 97Y Michelin Pilot Sport Extra Load tyres. This decision results from the analysis of customer returns in Europe, which has revealed an anomaly that in certain cases may lead to a rapid loss of air pressure in the tyre. This situation constitutes a potential safety risk.

As a precautionary measure Michelin has decided to exchange all the subject tyres. The following free-phone number is being made available to provide additional information relating to this operation: 0800 056 7200


Goodyear Sells North American Farm Tyre Business

Goodyear has announced that it has completed the sale of its North American farm tyre assets to Titan Tire Corporation, a subsidiary of Titan International, Inc. The sale includes Goodyear's farm tyre manufacturing plant, property and equipment in Freeport, Ill., and inventories. It also includes a licensing agreement with Titan to pay a royalty to manufacture and sell Goodyear-branded farm tyres in North America. Goodyear received $100 million from Titan for the assets. On an on-going basis, the sale will reduce revenue in Goodyear's North American Tire segment by about $200 million annually, but will eliminate the need for further investment in the farm tyre business and position the company to enhance the segment's profitability.


Bridgestone Launches B250

Bridgestone has launched its most technologically advanced general use tyre to date - the B250. The new tyre will replace the original equipment B391 and B390 tyres, and the B330 Evo, which is sold purely in the replacement market. The move is designed to simplify the company's range of general use tyres, increase brand recognition, and make the ordering process easier for dealers.

Andy Lane, marketing manager of Bridgestone UK, said: "By replacing two original equipment tyres and one aftermarket tyre with the new B250 we are making our general use range more recognisable for consumers and more convenient for the dealerships stocking them. "The existing B-Series tyres have all performed extremely well in both the original equipment and replacement markets, and we've worked hard to produce a new tyre that exceeds the excellent standards set by them. The B250 will fulfil all the expectations of car manufacturers for a new generation of general use vehicles, as well as meeting the needs of drivers with an emphasis on safety and comfort," he said.

A host of original equipment fitments to cars including the new Renault Clio and the Toyota Yaris have already been announced, and Bridgestone is expecting the tyre to be just as popular in the replacement market when it is launched in January 2006. The B250 delivers a safe, reliable performance for smaller hatchbacks and saloon cars, and is specifically designed to provide optimal handling, comfort, wet grip, and durability.

The B250 features large grooves, a high sipe density, and a high void ratio in the centre of the tyre to aid wet performance, helping it match the excellent wet braking performance of the B330 Evo and even improve on cornering hydroplaning by three per cent. Dry braking performance has been improved by seven per cent in comparison to the B330 Evo, thanks to solid shoulder blocks, which ensure excellent dry handling, particularly when cornering.The blocks also provide a higher resistance to shoulder wear, with the estimated life-span of the tyre beating that of the B330 Evo by an impressive 13 per cent.

"The new B250 is a well-balanced, technologically advanced tyre that provides an excellent overall performance. We expect it to have a major impact in both the original equipment and replacement markets very soon," said Andy.

 


 

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