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UK News
NFDA-NI disappointed with one-year temporary MOT exemption certificates
3rd May 2024Northern Ireland’s Infrastructure Minister, John O’Dowd, recently announced the introduction of one-year temporary exemption certificates (TECs) to some private cars. TECs will apply to private cars first registered between 1 June 2019 and 31 May 2020 or between 1 June 2017 and 31 May 2018, which have a valid MOT certificate issued by the Driver and Vehicle Agency (DVA). TECs will come into effect from 1 June 2024 and will be automatically processed by the DVA. The Minister also confirmed that he will consider launching a public consultation on Biennial MOT testing.
Continue ReadingCompany News
Ceat net profit surges in FY24
3rd May 2024Indian tyre maker Ceat Limited has published its audited results for the three months ending 31 March 2024, the final quarter of its financial year 2024. On a consolidated basis, the company achieved revenue of Rs 299.19 billion (£2.86 billion). EBITDA margin stood at 13.4 per cent, a contraction of 97 bps versus the third quarter. Net profit amounted to Rs 10.23 billion (£97.89 million).
Continue Reading- Enhancements at Nokian Tyres’ Finland plant driving productivity & efficiency improvements
- Former Michelin Russia operations renamed Davydovo
- Raw materials to become a headwind for tyremakers in 2H24 – analysts
- “Solid results in the midst of challenging market conditions” – Titan International’s Q1 2024
International News
- Kal Tire & Pitcrew AI forge strategic alliance
- Continental a main sponsor & official tyre supplier of the Giro d’Italia 2024
- Cima Impianti showing the latest generation of its Ecoline range at Tire Cologne
- BKT showcases Earthmax OTR tyre range at WasteExpo 2024
- Birla Carbon participates at American Coatings Show 2024
Product News
Motorsport News
- Pirelli celebrates the Miami Grand Prix with a special Podium Cap
- Max McRae wins on FIA Junior ERC debut on Hankook rally tyres
- Hankook kicks off Nürburgring season as RCN tyre partner
- Pirelli sticks with softest F1 tyre compound trio for three more grands prix
- Pirelli bringing new wet GT tyre into second DTM season
Retreading News
- 2024 marks 50 years of Bulldog and 20 years of Bridgestone partnership
- Brenno Benaglia, a pillar of the retreading business, has passed away
- Kraiburg Austria preparing for future retreading with “targeted measures”
- R&D, TIP and Alphatread amongst Hankook’s sustainability and retreading achievements
- The importance of the UK tyre retreading sector to sustainability
Conti acquisition of Goodyear OTR ‘a complementary fit’ and analysts’ preferred ‘area for capital allocation’
Valuing Goodyear’s for-sale OTR tyre business at between $800 million and $1 billion, financial analysts have evaluated a hypothetical acquisition of the unit by Continental AG as “a complementary fit”. Writing in an investor’s note dated 23 April 2024, the Jefferies report endorsed the business case behind the scenario:
Continue ReadingTire Cologne 2024: From cutting-edge new tyres to technology and sustainability
Ticket sales for the Tire Cologne got underway about a month ago at the end of March. Around the same time, Koelnmesse, the organisers of arguably the European tyre business’s largest exhibition published its exhibitor list. Now Koelnmesse is previewing what visitors to The Tire Cologne will be able to experience when the show runs between 4 and 6 June 2024.
Continue ReadingSustainably affordable – Conti Eco 5
During the official launch of its fifth-generation Conti Eco truck tyre range, the team at Continental frequently touched on the subject of sustainability, addressing this as both as a desirable target for fleets and as a factor driving massive legislative change in Europe. Cost pressures were also high on the agenda. To accommodate the demands posed by both factors, Continental states its aim of finding the right balance, meeting cost targets in the most sustainable way.
Continue Reading2024 marks 50 years of Bulldog and 20 years of Bridgestone partnership
The Bulldog operation was founded in 1974 as part of the Sleaford Tyre Company Group and first supplied retreads to Bridgestone in the mid-1990s, before Bridgestone purchased it outright in 2005. A significant part of Bulldog’s recent history is made up of an increasingly close collaboration with Bridgestone. To be more specific, the two companies started working together in 1992, when Bulldog began making test tyres for Bridgestone. By 1995, Bulldog had become a major Bridgestone retreading p
Continue ReadingMichelin to end truck tyremaking at Olsztyn, Poland plant
Michelin is set to transfer the truck tyre production capacity it currently operates at its Olsztyn, Poland factory to Romania. Currently, 430 people work in the Olsztyn, Poland factory truck tyre production operation.
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