Ugigrip SA. The Group's principal activities are the manufacture and distribution of spiked studs as well as stud bodies, tungsten carbide pins, studding equipment and spare parts. Studded tyres are used, in adverse winter conditions, on private cars, pickups and 4X4s, trucks, heavy machinery and even racing cars . Though the Group is operating through the Parent Company and 2 subsidiaries based in France, 98% of 2001 revenues were generated on export sales. Finished products accounted for 92% of 2001 revenues; material, 6% and shipping, parts and services, 2%.