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Experience key to success

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New JAX Tyres owner teaching business savvy

BUSINESS owner Neil Rissman has uncovered a secret to success in small business and is passing on his wealth of knowledge to staff at JAX Tyres.

He purchased the Mackay workshop four months ago and is already training up current manager Ashley (Ash) Fisher on how to run a business.

Mr Rissman oversees 10 employees at JAX Tyres but is excited to expand the team and will be offering mechanical apprenticeship opportunities at the beginning of 2019. The JAX team currently consists of office staff, mechanics and tyre technicians.

As a teenager, Mr Rissman was already in management roles overseeing a team of 40 McDonald’s staff. By his mid-20s, he was managing an astounding 60 Domino’s stores across the country.

Despite having a business degree, Mr Rissman emphasises the importance of practical experience.

I was in management roles at 18 years old overseeing huge teams,” he said. “That experience really opened my eyes up to the world of business. I was able to talk to and learn from experienced franchisees.

You can read a textbook all you want, but it’s not the same as practical knowledge.

Mr Rissman is ingraining the importance of practical experience in his current employees. “With our workshop guys we are looking at upskilling them so they have mechanical knowledge,” Mr Rissman said.

With Ash, I’ll start doing some more business training with him so he has that knowledge for the future.

It’s about bringing him along for the ride and helping him to understand the process of growing a business.”

Mr Fisher said having Mr Rissman guiding him was invaluable. “It’s really helpful because Neil has explained why we do certain things in depth,” he said.

“He’s taught me to look at the numbers and understand where we need to be as a company.

“I am interested in owning my own business one day so this experience is really going to give me the skills I will need.”

Mr Rissman encourages his staff to aim high and never doubt their ability to achieve their goals.

“I think a lot of people think it’s difficult to own a business, so they choose to work for someone else,” he said.

The average person can own a business if they just break things down and make smart decisions. It’s a matter of jumping in and backing yourself.”


Continental Celebrates Fifth Anniversary of Kaluga Plant

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Continental has celebrated the fifth anniversary of its passenger and light truck tyres plant at Kaluga, Russia, its first greenfield manufacturing facility in the country.

Commencing operations in October 2013, the Kaluga plant totals €240 million investments and now has over 1,000 employees and an expanded manufacturing portfolio of over 300 articles.

According to Continental, the products manufactured at its Kaluga plant have been highly rated by independent experts many times, with over 40 audits undertaken, and the auditors emphasising not only the premium quality of products but also the commitment and high professionalism of the team.

Additionally, the Kaluga plant has been ranked the best in product quality amongst all Continental plants in 2017 and still maintains its leadership position.

We take pride in our plant’s achievements over such short period of time. We are committed in our daily activities to meeting our customers’ needs, so the constant improvement of products plays a key role in the development of the plant,” Georgy Rotov, General Manager at Continental Kaluga said.

While actively incorporating cutting-edge technologies in production, we use innovative equipment and high qualification of our employees to make sure that all of our products comply with both Russian and global requirements.”

Sustainable development principles play an important part in the company’s policy, with the Kaluga-based Continental tyre business unit taking significant environment conservation efforts. The plant has start-of-the-art equipment to help reduce industrial water consumption, and treatment facilities to reuse waste water in production.

Furthermore, in 2017 the plant co-founded EcoTyreUnion that gears towards promotion of the tyre recycling industry in Russia. So far 8,000 tonnes of tyres have been collected and recycled under the program.

Continental’s Kaluga plant supplies global car makers including Volkswagen, Renault, Ford, Nissan and Toyota with original equipment products and also the Russian replacement market. Tyres produced at the plant are currently also exported to 24 countries in Europe, Asia and North America.


Hankook Tyre Announces 2018 Q3 Financial Results

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Hankook Tyre has announced its financial results from the third quarter of this year, reporting consolidated global sales of KRW 1.7557 trillion and an operating profit of KRW 184.6 billion.

According to Hankook, sales of high inch tyres (over 17 inches) accounted for 52% of its passenger car tyres, leading to a 4.5 per cent increase when compared to the same period last year.

Sales of replacement tyres increased year-on-year due to stable qualitative and quantitative growth driven by the steady sales of high inch tyres in Korea, Europe and China.

On the other hand however, operating profit decreased 15 per cent year-on-year due to the slight decrease in supply of original equipment tyres driven by the slowdown of demand in the automobile market and the initial operation cost burden of the US Tennessee plant.

Looking ahead, Hankook Tyre stated it plans to focus on strengthening the company’s position as a ‘premium brand’ through improving competitiveness in premium product lines and expanding sales of high inch tyres that are expected to see stable growth in demand.

It also plans to accelerate its road toward a global top-tier company by strengthening its global distribution network and downstream distribution through innovation.


2018 Brazilian Grand Prix – Race

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Interlagos, November 11, 2018 – With overtaking and action from start to finish, as well as several changes of lead and a tight battle for victory, Brazil delivered an excitingly strategic race, with three different tactical approaches from the three leading teams. In total, there were five different strategies in the top six, and many other variations further down the field.

Lewis Hamilton eventually won the race for Mercedes, with a one-stop supersoft-medium strategy, while Red Bull’s Max Verstappen – the race leader until a clash with a lapped car – selected a supersoft-soft strategy, also used by his team mate Daniel Ricciardo to recover well from 11th due to a grid penalty.

Ferrari was the only team in the top 10 to start on the soft tyre, with Kimi Raikkonen ending up third with a single stop for the medium tyre, while his team mate Sebastian Vettel went for a two-stopper using all three compounds. At the flag, the top four were separated by just five seconds. Another impressive performance came from Sauber’s Charles Leclerc, who used the same strategy as the race winner to maintain the strong P7 he scored in qualifying to the end of the grand prix.

As expected weather conditions were warmer today, which contributed to some cases of blistering. Brazil was definitely one of the most entertaining races of the year, where strategy was not only crucial but also very varied. Despite these extremely different approaches, the fight was very close among all the top teams and there was plenty of wheel-to-wheel racing, which is exactly the objective that we are all aiming for in Formula 1: drivers pushing hard for the win rather than managing pace. Red Bull and Max Verstappen made particularly good use of the tyres by showing consistent race-winning pace while using only the two softest compounds and stopping just once.

Congratulations to Mercedes for another manufacturers’ title, sealed with another victory for Lewis Hamilton.”





Lewis Hamilton won the race using one pit stop as we expected, going from supersoft to medium on lap 19. This was a bit earlier than we predicted, mainly due to the higher track temperatures than previous days causing more degradation than before

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