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Goodyear Jual Dunlop kepada Sumitomo

Goodyear telah menjual jenama tayar Dunlop kepada jenama tayar Jepun Sumitomo, untuk perjanjian yang dilaporkan sebanyak USD701 juta (MYR3.1 bilion).

Keseluruhan perjanjian itu sedikit berbelit, kerana Sumitomo sudah memiliki jenama Dunlop sejak 1985 untuk mengeluarkan tayar Dunlop di bawah lesen untuk pasaran tertentu. Bagaimanapun, Sumitomo tidak membeli keseluruhan syarikat. Kemudian, pada 2015, Sumitomo memperoleh semula keseluruhan bahagian tayar motosikal Dunlop daripada Goodyear.

Perjanjian terbaru menyaksikan Sumitomo membeli keseluruhan jenama Dunlop (termasuk tayar kereta) dan kemudahan pembuatannya. Perjanjian itu adalah sebahagian daripada rancangan Goodyear untuk menyelaraskan operasinya, yang dibentangkan dalam pelan transformasi ‘Goodyear Forward’. Rancangan itu menyaksikan penutupan beberapa kilang di seluruh dunia termasuk di Malaysia, baru-baru ini.

Selain harga pembelian yang dibayar untuk memperoleh jenama itu, Sumitomo juga akan membayar “Yuran Peralihan” dan walaupun ia kelihatan seperti pembelian kunci, stok dan tong, sekurang-kurangnya di Eropah, Dunlop akan terus mengeluarkan, menjual dan mengedarkan Dunlop tayar pengguna berjenama sehingga sekurang-kurangnya 31 Disember 2025. Tambahan pula, Dunlop masih akan membekalkan tayar berjenama tertentu kepada Sumitomo untuk pasaran Eropah untuk tempoh lima tahun, dengan kuantiti 4.5 juta tayar setahun yang diperlukan untuk mewajibkan kontrak.

Bercakap mengenai perjanjian itu, Mark Stewart, Ketua Pegawai Eksekutif dan Presiden Goodyear, berkata: “Ini merupakan satu lagi peristiwa penting ketika kami terus melaksanakan pelan transformasi Goodyear Forward kami. Kami mengoptimumkan portfolio kami dan mengurangkan leverage untuk memacu nilai pemegang saham yang mampan dan besar. penciptaan … Bukan sahaja transaksi itu memberikan nilai yang signifikan untuk para pemegang saham kami, ia meletakkan Goodyear dengan lebih baik untuk meningkatkan tumpuan kami pada pertumbuhan jenama teras kami.”

“Pasukan kami menjalankan proses komprehensif yang menumpukan pada memaksimumkan nilai untuk Goodyear melalui pelupusan Jenama Dunlop kami, dan kami sangat gembira dengan hasil yang dicapai,” kata Christina Zamarro, Naib Presiden Eksekutif dan Ketua Pegawai Kewangan. “Kami komited untuk bekerjasama rapat dengan SRI bagi memastikan peralihan yang lancar untuk pelanggan Jenama Dunlop.“

Goodyear Sells Dunlop to Sumitomo

Goodyear has sold the Dunlop brand to the Japanese tyre brand Sumitomo, for a reported deal of USD701 million (MYR3.1 billion).

The entire deal is a little convoluted, as Sumitomo already owns the Dunlop brand since 1985 to produce Dunlop tyres under license for certain markets. However, Sumitomo did not buy the entire company. Then, in 2015, Sumitomo reacquired Dunlop’s entire motorcycle tire division from Goodyear.

The latest deal sees Sumitomo buying the entire Dunlop brand (including the car tyres) and their manufacturing facilities. The deal is part of Goodyear’s plan to streamline its operations, which it laid out in its ‘Goodyear Forward’ transformation plan. The plan has seen the closure of several factories around the world including in Malaysia, recently.

As well as the purchase price paid to acquire the brand, Sumitomo will also pay a “Transition Fee” and while it sounds like a lock, stock, and barrel purchase, in Europe at least, Dunlop will continue to manufacture, sell and distribute Dunlop branded consumer tyres until at least December 31, 2025. Furthermore, Dunlop will still supply certain branded tyres to Sumitomo for the European market for a five-year period, with quantities of 4.5 million tyres per year required to oblige the contract.

Speaking about the deal, Mark Stewart, Goodyear Chief Executive Officer and President, said: “This is another important milestone as we continue to execute against our Goodyear Forward transformation plan. We are optimising our portfolio and reducing leverage to drive sustainable and substantial shareholder value creation … Not only does the transaction deliver significant value for our shareholders, it better positions Goodyear to enhance our focus on the growth of our core brands.”

“Our team conducted a comprehensive process focused on maximising value for Goodyear through a divestment of our Dunlop Brand, and we are very pleased with the outcome achieved,” said Christina Zamarro, Executive Vice President and Chief Financial Officer. “We are committed to working closely with SRI to ensure a smooth transition for customers of the Dunlop Brand.“

Dunlop Introduces New Trailmax Raid 50/50 Trail Tyre

Dunlop, one of the world’s leading tyre manufacturers, has launched its latest 50/50 trail motorcycle tyre, the Trailmax Raid, derived from the company’s rally raid programme.

The new Trailmax Raid is the most off-road capable tyre in the Dunlop lineup.
The new tyre combines Dunlop’s touring, adventure, and off-road experience and knowledge to offer superior on-road and off-road performance.

Dunlop’s Trailmax Raid tyre features tread blocks similar to those found in Dunlop’s D908 RR rally raid tyre, providing excellent traction on loose terrain.

Compared to the Trailmax Meridian, launched three years ago, the Trailmax Raid is specifically designed for riders who demand regular off-road performance.

The Dunlop Trailmax Raid will be available in three front sizes, covering 19- and 21-inch wheel sizes, and in six rear sizes, covering 17- and 18-inch wheel sizes.

The company plans to launch the initial sizes on 1 March 2023, with the remaining sizes arriving by the second quarter of the year.

According to Luca Davide Andreoni, Marketing Manager, Dunlop Motorcycle Europe, the Trailmax Raid offers an ideal 50/50 tyre that excels in various conditions.

Furthermore, the tyre delivers superior performance on wet roads, providing exceptional braking and traction on a range of surfaces, unlocking more versatility than riders might expect from a trail tyre.

The launch of the new tyre strengthens Dunlop’s trail offerings, providing riders with an opportunity to experience superior on-road and off-road performance. Dunlop’s Trailmax Raid is an excellent tyre for riders seeking a true 50/50 tyre that performs on and off the road.

Asia Talent Cup 2017 registration period announced

Asia Talent Cup Moto3 series opens registration for 2017 season this month.

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2016 Shell Advance Asia Talent Cup tests concludes

2016 Shell Advance Asia Talent Cup pre-season tests conclude in Sepang, Malaysia. (more…)

Dunlop to supply tyres for SAATC

Dunlop Motorsport and Dorna Sports announced that they have signed a contract for the exclusive supply of tyres for the 2016 season of Shell Advance Asia Talent Cup.

According to the contract, Dunlop will supply next season’s tyres and offer technical support to the Shell Advance Asia Talent Cup, extending their agreement with Dorna from which Dunlop already supplies tyres to both the Moto2™ and Moto3™ World Championships.

Kazushi Aso, the head of international tyre development and race promotion of Dunlop said, “We’re pleased to be a part of the Shell Advance Asia Talent Cup as the technical tire supplier. We’d like to appreciate Dorna for accepting us. As you know, in these days, many talented and young riders in Asia are trying to make their carriers and step up in road races in the world. And also the Shell Advance Asia Talent Cup has been playing a very important role in that situation by providing them precious opportunities.”

Javier Alonso, managing director of Dorna events area added, “It is a great honour to be able to work with a brand such as Dunlop in the Shell Advance Asia Talent Cup, extending the existing collaboration we have with them in Moto2 and Moto3.”