15 May 2001

Michelin to acquire Tofan car/truck tyre unit (European Rubber Journal)

Romanian tyre plants are snapped up by Michelin, as Tofan focuses on agricultural sector.

Tofan Grup of Romania is selling its truck and passenger car tyre making facilities, domestic distribution network and retreading unit to Groupe Michelin. The sale, for an undisclosed sum, was announced 6 April by Nomura International plc, a major shareholder in the Romanian tyre group.

Michelin will take over passenger car tyre operations at the Victoria plant in Floresti, the Silvania truck tyre plant in Zalau, a retread plant and 20 warehouses. The deal, terms of which were not disclosed, also links Michelin into Tofan's 2000-outlet Automaxima retail network.

Following the sale, Tofan will focus on a major expansion of its agricultural and implement tyre business," said Nomura. The finance house will remain as a shareholder in Tofan, along with the Tofan family and six other independent shareholders, based Romania, said the Nomura spokeswoman.

Michelin's acquisition of these parts of Tofan Grup, "will further raise the quality of Romanian exports and introduce more competition to the developing domestic tyre sector," commented Declan Walsh, director of the Nomura merchant banking group, quoted in the firm's statement.

"Tofan is an interesting deal for Michelin," said a spokesman for the French tyre group, who put the acquisition price at below the annual turnover of acquired business, estimated at around $80 million. The Tofan business will benefit from coming under a single owner, he added.

The French tyre group aims to retain the Tofan brands Montana and Tofan Steel which will be supplied to the domestic market and elsewhere in Eastern Europe, including Russia, according to the spokesman.

The company will not produce Michelin-brand tyres in Romania, for the short term at least, but could use Romania to manufacture other brands produced in Eastern Europe, he added.

Nomura has held "a substantial stake" in Tofan since 1997, having originally acquired 49 percent of the company's shares, according to a Nomura spokeswoman. The sale to Michelin is expected to be complete by the end of April, she added.

Tofan acquired the bulk of Romania's state-controlled tyre industry after the collapse of communism in the country in 1990.

Raleigh Patrick. "Michelin to acquire Tofan car/truck tyre unit." European Rubber Journal May 2001; v183 i5 p2.

12 May 2001

Ion Iliescu a primit premiul "Omul politic al deceniului" din partea ziarului Cotidianul (Monitorul)

Presedintele Ion Iliescu a primit, joi seara, premiul "Omul politic al deceniului", din partea ziarului Cotidianul, cu ocazia implinirii a zece ani de la infiintarea gazetei.

Ion Iliescu a fost premiat pentru "contributia la viata politica a ultimilor zece ani". "Am apreciat ziarul, chiar daca nu m-am bucurat de sarje amicale", a spus presedintele. Iliescu a evocat personalitatea lui Ion Ratiu, fondatorul Cotidianului. "Relatiile dintre noi nu au fost incarcate de resentimente. Am fost de multe ori si la el acasa. (...) Cred ca s-a bucurat de mai multa stima din partea adversarilor politici decit din partea prietenilor", a adaugat Ion Iliescu.

Alte cinci personalitati au primit titlul de "Omul deceniului" din partea Cotidianului: Eugen Simion, presedintele Academiei Romane, Gheorghe Hagi, Bogdan Baltazar, Gelu Tofan si Isaac Sheps. Eugen Simion, presedintele Academiei, a primit diploma pentru "contributia la dezvoltarea forului de cultura", Gheorghe Hagi pentru "exceptionala contributie adusa imaginii Romaniei in lume", iar Bogdan Baltazar pentru "contributia la dezvoltarea sistemului financiar-bancar romanesc". Gelu Tofan a fost premiat pentru "cea mai eficienta strategie manageriala a unui investitor autohton", iar Isaac Sheps a primit diploma la capitolul investitii straine.

03 May 2001

Curatenia de primavara il seaca la buzunare pe Tofan (Capital)

Grupul Tofan a platit 600 milioane de lei ca Apele Romane sa-i dragheze 'bucatica' de lac pentru care plateste chirie, afirma Cimpoieru Panait, reprezentantul Regiei Apelor RomanePe malul lacului Snagov, vip-urile s-au luat la intrecere in a-si construi vile care de care mai deosebite. Printre ultimele aparitii se numara si vila achizitionata de Grupul Tofan. In doi timpi si trei miscari, constructia a fost gata, la fel si amenajarea pontonului si a gradinii din fata casei de vacanta. Iesirea la lac nu era insa prea placuta nici pe ponton, nici cu barca, din cauza namolului si a reziduurilor care degajau un miros greu. Drept pentru care Grupul Tofan a platit 600 milioane de lei ca Apele Romane sa-i dragheze 'bucatica' de lac pentru care plateste chirie, afirma Cimpoieru Panait, reprezentantul Regiei Apelor Romane.

Mai marii locali, invidiosi ca acesti bani se varsa in buzunarul regiei sus-amintite si nu in buzunarul primariei locale sau a Consiliului judetean Ilfov, i-au parat presei pe cei care fac lucrarile ca nu lucreaza ecologic si ca draga (instalatia de curatire) arunca namolul cu reziduuri pe care-l ia din fata pontonului Tofan, in padurea din apropiere. Curat murdar, domnilor de la Apele Romane!