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Michelin is partnering with the United Arab Emirates’ Ministry of Infrastructure Development on a pilot project to pave roads with a ‘rubber asphalt’ produced from a mixture of concrete and rubber recycled from end of life tyres. The Ministry announced yesterday that a two-month trial of the new mixture will begin next week.
For the third consecutive year, Giti Tire is bringing is truck tyre technology to the track. Its truck racing presence kicked off this year with an appearance at Brands Hatch Circuit over the Easter weekend.
The Korea Fair Trade Commission (KFTC) announced today that it has fined Kumho Tire and Nexen Tire for forcing South Korean retailers to sell tyres at or above specific set prices.
Sales and income were down at Goodyear Tire & Rubber in the first quarter of this year. Revenue in the three months to 31 March 2019 declined six per cent to US$3.6 billion; Goodyear attributes this result to unfavourable exchange rates and lower volume in its international businesses. The company reported first quarter segment operating income of $190 million in 2019, down from $281 million a year ago.
The European Commission reports that applying anti-dumping duties to truck and bus tyres manufactured in China is having the desired effect. According to EC figures, dumped or subsidised imports were 81 per cent lower six months after the measures were imposed than during the investigation period.
Marangoni Tread North America (M.T.N.A.) is preparing for a change of leadership. Bill Sweatman, the company’s president and chief executive officer, will retire on 1 May and be succeeded by Clif Armstrong.
A giant new warehouse complex built by Michelin in the USA is now operational and capable of supplying tyres to up to three thousand regional customers. The Michelin Woodruff U70 distribution centre is, at 3 million square feet, the Michelin Group’s largest distribution centre.
Sanjeev Gupta’s GFG Alliance has further consolidated its presence in the automotive sector by acquiring two vehicle components suppliers in France. Through its Liberty industrial business, GFG has become the owner of Lyon-based Saint Jean Industries Poitou and Poitiers-based Fonderie du Poitou Fonte.
Tyre maker Belshina has been named a national partner to the 2019 Minsk European Games, which will take place in the Belarus capital between 21 and 30 June. Its involvement in this capacity is being supported by the Belarusian State Concern for Oil and Chemistry (Belneftekhim Concern).
Stanley Travel is one of the first coach and bus companies in the UK to trial the Michelin Wheel Security and Tyre Pressure Management System, and it considers its fitment an added reassurance against the risk of wheel loss.
A full reengineering of steam generation equipment at the Trelleborg Wheel Systems plant in Sri Lanka will improve the facility’s environmental footprint as well as its production efficiency. Trelleborg is installing a new biomass boiler at the production site in Makola, near Colombo; it reports that work on this “major investment” has already begun, and the new process will be fully operational from June 2019.
Sales at Continental remained level in the first quarter of 2018, matching the 11.0 billion euros achieved a year earlier. Adjusted EBIT for the period amounted to 884 million euros, a 17.1 per cent year-on-year decrease. The adjusted EBIT margin was 8.1 percent (9.7 per cent in Q1 2018).
A decade ago, around 20 per cent of Pirelli tyres were made according to the company’s Green Performance strategy – with new production systems, reduced environmental impact and low energy consumption. The tyre maker reports this figure reached 49.8 per cent of sales last year, up from 43.5 per cent in 2017. Green Performance tyres accounted for 57.5 per cent of Pirelli’s High Value product sales.
Michelin Group reports a 9.3 per cent increase in sales (at constant exchange rates) to 5.8 billion euros in the first quarter of 2018, a result it says was achieved “in difficult markets.” The company also notes that these sales “reflect the major contribution” of its recent acquisitions, Camso and Fenner.
David E. Phillips, Goodyear Tire & Rubber’s associate general counsel, Americas, has been appointed the company’s senior vice-president and general counsel. He begins in this new role on 4 June.
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