KRUSEVAC, Yugoslavia-The former H.G.I. Miloje Zakic rubber/chemical cooperative has reorganized as Trayal Corp., adopting its primary brand name as its corporate name. Like other industrial enterprises in Yugoslavia, Zakic operated sporadically due to shortages of raw materials during the three-year United Nations embargo, which recently was lifted.
Trayal's first post-embargo priority was to refurbish, modernize and restore production at its truck, farm and industrial tire plant in Krusevac, southwest Serbia. The company said initial production will focus on all-steel 11.00R20 radial truck radials, with output at about 150,000 units per year.
EDINBURGH, Scotland-Kwik-Fit Holdings P.L.C., Europe's largest independent tire distributor, has acquired Tyre Sales (Birmingham) Ltd., with 43 outlets in England's Midlands region. The $18.3 million acquisition brings to 779 the number of retail tire centers under Kwik-Fit's management, and it expands Kwik-Fit's sales base by about $32.2 million.
Kwik-Fit reported a 21-percent increase in earnings for the first half of its fiscal year (through Aug. 31) to $29.9 million on a 28-percent jump in sales to $287.4 million.
OSAKA, Japan-Taiwan's Cheng Shin Rubber Industry Co. Ltd. and Osaka-based Toyo Tire & Rubber Co. Ltd. are teaming up to build a $150 million radial passenger and light truck tire plant in China, due on stream in January 1997, with capacity of 10,000 units per day.
Toyo, which has supplied Cheng Shin with technology since 1982, will take a 30-percent stake in Cheng Shin-Toyo Tire & Rubber (China) Co. Ltd., located in Jian Su Province. Cheng Shin will own 70 percent of the venture, its second in China.
Michelin entering China venture
PARIS-Groupe Michelin will invest ``less than $30 million'' in a joint venture with the city of Shen Yang, China, 500 miles northeast of Beijing, to create Michelin Shen Yang Tire Co., which is expected to start producing Michelin-brand passenger and light truck radials by year-end 1996 at a new plant there.
Michelin said it will hold 90 percent ownership in the venture. The agreement also includes technical assistance for bias-ply tire production at an existing Shen Yang Tire factory.
On Dec. 28, shareholders of Polish tire maker TC Debica S.A. approved the issuance of an additional $60 million worth of stock, to be purchased by Goodyear with the proceeds used for capital investment. The transaction will give Goodyear a controlling interest in TC Debica, in which it had acquired a 32.7 percent interest Dec. 4 for $55 million.
Groupe Michelin has received government approval to acquire an 865-acre site northeast of Toulon in southern France, where it will build a permanent, year-round testing facility, Michelin's fourth worldwide and its second in France.
Bridgestone/Firestone Europe S.A. has merged its separate Bridgestone and Firestone tire-marketing companies in Germany-the final step in the consolidation of marketing activities in Europe. The new firm, Bridgestone/Firestone Deutschland GmbH, will be based near Frankfurt and will post 1995 sales of more than $465 million.
China's Dongfeng Tyre Group Corp. went on stream in early December at its plant in Shiyun, Hubei Province. The unit has capacity for 300,000 steel passenger radials per year, with plans to make 10 million per year by 2000.
Hankook Tire Co. Ltd. claims the original equipment contract it signed earlier this year with General Motors Corp. subsidiary Adam Opel AG, makes it the first Korean tire maker to supply a German auto maker. Hankook is outfitting the Opel Corsa Grand Slam and testing tires for other models.