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Grupo Andrés, a leading tyre distributor in the Iberian Peninsula, has acquired a 20% stake in specialist financial management consultancy iFinanciera. Explaining the decision to invest, Javier Andrés Herrera states that involvement in iFinanciera is closely linked to the development and growth of Grupo Andrés’ own companies and provides important synergies.
Titan International, Inc. has reported record turnover and profitability during the 2022 financial year. While the US-based manufacturer of OTR tyres and wheels increased its net sales by 21.9% to US$2.2 billion, income from operations jumped by more than 141% to $205.8, almost doubling the return on sales to 9.5%.
The new, full-electric Smart #1 is the first Smart model developed by the joint venture between Mercedes-Benz and Chinese carmaker Geely. Launch photos released by Smart Europe last year let the Continental cat out of the tyre supply bag, and Continental has now confirmed worldwide supply for the SUV in 18” & 19” tyre sizes.
Balkrishna Industries Ltd. (BKT) has paid tribute to Dr Arup Saha Deuri, who was Head of Materials and Compound (R&D) at the company’s Bhuj plant and a renowned Indian rubber technologist. Dr Deuri passed away on 17 February 2023, at the age of 62, due to liver issues.
Sumitomo Rubber Industries, Ltd. joined the non-profit association GDSO (Global Data Service Organisation for Tyres and Automotive Components) in January 2023 and is now contributing towards industry-wide efforts to establish a means of and standard for identifying, managing and transferring data from individual tyres.
In its most recent quarterly report, US-based off-highway tyre manufacturer Titan International, Inc. reports owning 64.3% of Russian tyre maker Voltyre-Prom, with the Russian Direct Investment Fund the remaining shareholder. Yet this connection with Russia hasn’t stopped Titan raising its voice against indirect imports of Russian petroleum products into the USA. Together with the United Steelworkers union, Titan has even sent a letter to Joe Biden.
BMW Group has chosen Vredestein Ultrac for its all-new BMW X1 and will fit this tyre to the sports utility vehicle in size 205/65 R17 100Y XL. Apollo Tyres will ship the original equipment tyre, marked with BMW’s star symbol on the sidewall, from its plant in Gyöngyöshalász, Hungary directly to BMW’s production facility in Regensburg, Germany.
It’s hard not to love a superlative, so thanks to Sumitomo Rubber Industries for sharing that its tyre factory in Thailand now possesses the world’s largest rooftop solar panel array. As of 1 February 2023, the set-up at the Sumitomo Rubber (Thailand) plant is the world’s largest rooftop solar panel array installed at a single facility.
The number of electric and hybrid-electric cars on the road is growing, and Tecalemit has introduced a lifting solution that addresses this change in the vehicle parc. It says the two-post Azur SF/9235/EVR offers a “comprehensive range of features to meet the needs of modern workshops” and as such represents the “future of vehicle lifting solutions.”
Not so long ago the word ‘inflation’ typically drew thoughts to tyre pressure, at least in our line of work. But the other inflation has made an unwelcome comeback and is eating away at our purchasing power. Over in Turkey, the rate of inflation hit 72% in 2022 and made its presence known in Brisa’s financial results for the year. But against this backdrop of growing Turkish Lira weakness, the tyre maker had a good year.
Firestone is once again giving up-and-coming artists the chance to compete in the Road to the Main Stage competition. In addition to playing on the Firestone stage at Rock en Seine, which takes place in Paris in August, the winning act amongst this year’s unsigned talent will win a recording session with Deezer.
ADAC has published the results of a golden anniversary tyre test in which it evaluates one product for each year since entering the tyre testing game. It looked at 205/55 R16 V – currently the most popular dimension. In readiness for the next 50 years and as a nod to the increasing significance of environmental & sustainability issues, the motoring organisation also overhauled its system of scoring.
Pyrum Innovations will soon begin work on a new facility not far from its main plant in Germany. It reports that the town council in Homburg has unanimously approved the sale of a section of land to Pyrum for the purpose of setting up a new pyrolysis plant. The company hopes the planning and approval process can now “begin as soon as possible.”
Ceat Specialty has appointed Peter James Cawson to lead the company’s growing business in the UK and Ireland. The new Business Development Specialist brings with him 16 years of tyre industry experience, most recently at Michelin, where he served as a territory business manager.
Originally created by the US military as a retreading facility, Danang Rubber (DRC) claims the highest market share for truck tyres within Vietnam, a country with almost 100 million people and a very active road transportation industry. The company is also a first-time Tyrexpo Asia exhibitor and is “enthusiastically looking forward” to introducing itself to Asian and global markets.
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