BRADFORD-ON-AVON, England—Avon Rubber P.L.C. posted a 24.1-percent increase in profit to $21.3 million for fiscal 1996, ended Sept. 28, while sales grew 13.4 percent to $543.6 million. Within the company's ``tyres and processed materials'' sector, operating profit leapt 39.2 percent to $10.9 million on a 3.8-percent increase in sales to $152.3 million.
The company said a slight decrease in tire demand within the United Kingdom was offset by an increase in exports.
HONG KONG—Mar Shaw Hsiang, president and CEO of China Tire Holdings Ltd. since Jan. 1, 1996, resigned from the company effective Jan. 9, citing health reasons.
Tan Sheng Hsuin, who was senior executive vice president and COO, has been named president and acting CEO.
VERONA, Italy—Marangoni Tread S.p.A. and RTS Equipment S.p.A. have been awarded the ISO 9001 certificate by Certichim, an Italian quality certification institute.