New tread for Freightways
Freightways Express, Ltd, i is to form a new company' — Bandag Industries (New Zealand), Ltd, — to enterthe tyre retreading business.! said the managing director! (Mr R. H. Pettigrew). The new company will/ have a capita) of $300,000,1 of which Freightways Express, Ltd, will hold 76 per cent, and the remaining 24 i per cent will be held by the Australian Bandag interest. !■ The Bandag process has - been used in the United! States. Europe and Australia.!It is a cold process using! pre-cured rubber. Tread profile will be made!in Auckland under licence'; for distribution to provincial ' retreading plants, the first of which will be located in j Cambridge. j
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Bibliographic details
Press, Volume CXV, Issue 34000, 14 November 1975, Page 15
Word Count
111New tread for Freightways Press, Volume CXV, Issue 34000, 14 November 1975, Page 15
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