In’n’Out Autocentres aiming to raise £5000 for charity
In’n’Out Autocentres CEO, Jon Morgan is aiming to raise £5000 for Northampton Hope Centre by cycling across France and Belgium as part of the Ride for Hope 2023 event.
In’n’Out Autocentres CEO, Jon Morgan is aiming to raise £5000 for Northampton Hope Centre by cycling across France and Belgium as part of the Ride for Hope 2023 event.
Tyre distributor SD Reifen GmbH recently went into liquidation, which means its business activities will officially end in autumn 2024. Bernd Schwarz, company shareholder and managing director of the German firm since its founding almost eight years ago, has been appointed to the role of liquidator.
Continental has published its financial results for the three months to 30 September with the comment that Q3 2023 concluded “in line with expectations.” For the Tires group sector, the expectation was thus lower sales but an improved earnings position.
Messe Frankfurt UK, which organises Automechanika Birmingham and UK Garage & Bodyshop Event, has appointed Joanne Knowles as event director.
Following the signing of two integrated fitter-force dealers and four stand-alone dealer subscribers in October 2023, e-jobsheet, the all-purpose tyre service app, now has over 2,000 technician connections in the UK.
At a conference hosted by VMI Group in Yantai, China last month, the chief executive officer of Black Donuts spoke on why he believes Europe to be an “underutilised opportunity for tyre companies.” Kai Hauvala also shared insights on why Black Donuts believes the European market is an excellent opportunity for foreign tyre manufacturers and why Chinese tyre businesses should consider the region as their next big step.
Another investment for China’s Guizhou Tyre. Only a couple of months after announcing plans to lift its Zhazuo factory’s annual OTR tyre capacity by 380,000 pieces and increase investment in its plant in Vietnam by US$58.08 million, the company says it will also invest RMB 300 million (£33.5 million) in a new solid tyre product at the Zhazuo site.
The Board of Directors at Apollo Tyres has approved the company’s unaudited financial results for July to September 2023 (Q2 2023-24). These show revenue of Rs 62.80 billion (£612.78 million) in revenue in the quarter ending 30 September, a 5.4 per cent year-on-year increase. Apollo Tyres shares that revenue growth was especially positive in its Indian Operations business.
The Kordsa tyre reinforcement plant in Izmit, Turkey has gained ISCC (International Sustainability Carbon Certification) Plus certification. The Sabancı Holding subsidiary declares that this certification solidifies Kordsa’s “commitment to international sustainability standards” and specifically endorses the eco-friendly production of recycled polyester yarn, single cords, and cord fabrics within its product range.
On 1 November, Federal Corporation announced that chairman and general manager Chen Heng Kuan resigned “due to other official duties”.
The No Problem Kit brand distributed by Mak SPA has introduced a line of anti-slip devices for cars called NPK Snow Socks Multigrip, a technical fabric-based alternative to chains that is joined by two other kits (EZ Repair and Spare Wheel Kit) in the range.
The environmental regulatory body in India’s Maharashtra state has ordered tyre maker Ceat Ltd to pause operations at one of its plants. In notifications supplied to the BSE and National Stock Exchange of India, Ceat reports that the Maharashtra Pollution Control Board told it to “close down operations” at the Bhandup factory in the suburbs of Mumbai. According to Ceat, the Board’s correspondence of 4 November 2023 claims “certain alleged violations of the pollution control norms.”
In mid-October Tyres & Accessories visited the Goodyear EMEA headquarters in Brussels, Belgium, to hear more about exactly how executives are leading the business through its recent tumultuous times. The group of executives Tyres & Accessories met with specifically included David Anckaert, Goodyear EMEA vice-president, consumer; and Troy Scully, vice president, communications and public affairs EMEA. The topics we covered included business transformation, manufacturing optimisation and brand reorganisation. The full article is published in the November edition of Tyres & Accessories, but here’s a brief preview of that detailed response.
This article is a preview of the full interview that will be published in the November edition of Tyres & Accessories magazine. Not a subscriber? No problem, click here to become one.
Goodyear executives highlighted “improving industry conditions” and “solid operating results” in their third-quarter 2023 investor letter. High points include the Americas and Asia Pacific regions delivering margins above 8 per cent (the overall company’s goal for the second-half) during the quarter. Overall third-quarter segment operating income margin was 6.5 per cent, but the company “continue[s] to anticipate further gains during the fourth quarter.”
Following on from their call to action at the 2021 Smithers rCB conference, Bridgestone Corporation and Michelin Group have updated progress on their goal of increasing recovered carbon black (rCB) utilisation in tyre production. A joint technical white paper, titled Bridgestone & Michelin: Recovered Carbon Black Guidelines, shares the results of their work with other stakeholders to develop a global standard to this end.
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