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Prinx Chengshan Holdings Limited has announced a strong financial performance for the first half of 2024, with revenue rising 23.7%, to RMB 5,363.4 million (£570.52 million) and net profit jumping to RMB 811.4 million (£86.34 million), a 148.0 per cent year-on-year increase.
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Scandinavian Enviro Systems (Enviro) has announced a significant achievement in its joint venture project with the receipt of SEK 25.6 million (£1.9 million) as compensation for meeting a predefined milestone linked to the construction of its recycling plant in Uddevalla, Sweden. This compensation, which comprises equal parts cash and shares in the joint venture company, marks the first of several planned disbursements tied to the project’s progress. Enviro has also published its financial results for H1 2024.
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Wegmann Automotive has launched its latest range of Alligator tyre inflators, the Gator Inflator Basic series, a range that aims to provide garages with reliable, precise, and efficient tools for daily operations. These inflators are built to meet the rigorous demands of workshop environments, combining durability with high performance.
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Some 1.6 million passenger cars were sold in China in July 2024, and for the first time the number of new energy vehicles sold surpassed sales of combustion vehicles. The top ten selling cars accounted for around 230,000 units, and local association the Car and Wheel Shop Owners Alliance provides information about the tyres these popular models wear as original equipment. Linglong is a reoccurring name, with six of the ten best-selling models available with Linglong OE tyres.
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Marangoni is expanding its Ringtread portfolio with a winter tread. The M+S and 3PMSF labelled RDW SK3 ring is immediately available for tyre sizes 315/80R22.5 (260 mm) and 315/70R22.5 (270 mm).
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Following a challenging 2023, the European Tyre & Rubber Manufacturers Association (ETRMA) has reported positive developments in the first half of 2024. ETRMA members recorded a year-on-year increase in replacement consumer PCLT (passenger car, light truck) and agricultural tyre sales in H1 2024, with particularly strong performance in the second quarter. However, PCLT tyre imports grew at a faster rate than member sales.
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Sumitomo Rubber Industries is placing an increased emphasis upon protecting the reputation of its Dunlop tyre brand in China and is communicating with both dealers and consumers about how to identify the genuine item.
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China has extended anti-dumping duties on imports of halogenated butyl rubber originating in the United Kingdom, European Union, United States, and Singapore, extending a programme of penalties first announced six years ago. Upon the recommendation of the People’s Republic of China’s Ministry of Commerce, the Customs Tariff Commission of the State Council is imposing anti-dumping duties for a further five years, effective from 20 August 2024.
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Mahle Aftermarket is showcasing its position as a full-service provider for independent workshops at Automechanika Frankfurt 2024. The spotlight will be on electrification and thermal management, two areas critical to the future of sustainable mobility. Mahle Aftermarket’s range on display includes the entire BatteryPRO product line for battery care and diagnostics, a new CO2 A/C service unit with climate-neutral coolant, and the latest TechPRO 2 diagnostic tool. Additionally, highlights from Mahle’s original equipment business will be presented to demonstrate the Group’s broad technological expertise.
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Sailun Group has published its operating data for the second quarter of 2024, reporting having produced 18.1579 million tyres in the three months to 30 June 2024 and selling 17.9620 million tyres. Revenues from these products amounted to 7.57 billion yuan (£809.02 million) for the period.
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Schwalbe, the renowned bicycle tyre brand from German manufacturer Ralf Bohle GmbH, has introduced a groundbreaking development in mountain bike tyres with the launch of three new models: Albert, Shredda, and Magic Mary. These tyres are being touted as the first radial bicycle tyres, a significant advancement in casing construction that the company believes represents a major innovation in the cycling world.
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Kumho Tire has announced a new partnership with Löwen Frankfurt, becoming the official partner of the German ice hockey team from the start of the forthcoming season in mid-September. The collaboration will see the tyre manufacturer prominently featured at the team’s home rink, the Eissporthalle Frankfurt, enhancing its brand visibility and regional engagement.
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Bridgestone will return to IAA Transportation in Hannover, Germany, from 17 to 22 September 2024, where it will showcase its advancements in fleet management solutions. The event will serve as a platform for Bridgestone to demonstrate technologies it has specifically designed to enhance the efficiency, productivity, safety, and sustainability of commercial fleets.
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GSF Car Parts proudly shares that its Heathrow branch is going the extra mile to keep Ukrainian troops and support vehicles moving through a loyal customer, A and B Motors. Ukrainian military authorities have acknowledged these efforts.
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In the two years since opening its new plant in Serbia, Toyo Tire Corporation has come to view the facility as “extremely cost-competitive.” The tyre maker completed the installation of production equipment at the site in December 2023, and although the company states in its Integrated Report 2024 that “many obstacles” remain before the plant can “start a vertical take-off toward full-scale operation,” it anticipates that full production systems will be “up and running” before the end of the current business year.
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