You are here: / Stephen

About Stephen

This author has yet to write their bio.
Meanwhile lets just say that we are proud Stephen contributed a whooping 5522 entries.

Entries by Stephen

Prometeon amends & extends senior financing

Prometeon Tyre Group has signed an agreement for the amendment, restatement and extension of its 600 million euro senior financing, underwritten in March 2017, originally with a three-year duration. The new agreement allows the extension of the final maturity to March 2021 (with the possibility to further extend it to March 2022 at Prometeon’s discretion) at conditions in line with the current market. By signing the agreement Prometeon says it has secured the financial resources for the implementation of its 2019-2021 business plan.

Related news:

  1. Prometeon/Aeolus integration stalls
  2. Tyre tariffs: Aeolus relocating production to Prometeon plants
  3. Increased capacity, exports: Prometeon investing $115 million in Turkey
  4. Camfin gains right to buy up to 15% of Pirelli shares
7th May 2019 by

GRI and Al Dobowi launch strategic partnership

A new strategic business partnership between Al Dobowi and GRI has been set up to facilitate the distribution of the GRI off-highway tyre brand in Middle Eastern and African markets. The partnership was officially launched at a function in Dubai on 29 April.

Related news:

  1. Al Dobowi appoints new group CEO
  2. GRI breaks ground on second tyre plant
  3. GRI MD Subasinghe appointed EDB chairman
  4. GRI ‘privileged’ to continue pivotal role in food supply chain
7th May 2019 by

Italmatic introduces new-generation Italsensor TPMS solution

Tyre repair material and tyre pressure monitoring system specialist Italmatic has launched its latest generation of aftermarket TPMS solution. With the Italsensor 3.0evo, Italmatic aims to “raise the standards in the TPMS aftermarket.” Italsensor 3.0evo is suitable for use with 99 per cent of the European car parc and is programmable through most popular tools, including ATEQ.

Related news:

  1. Italmatic launches new Italrepair patch product line
  2. Italmatic’s Italsensor with variable angle and the Multi-Programmer BTP4000
  3. Italmatic launches NFC-equipped Italsensor 3.0evoST TPMS
  4. TIA Petition on TPMS Rule
7th May 2019 by

Hankook Tire expands European motorsport engagement

For the past eight years, Hankook Tire has acted as exclusive tyre partner for the DTM touring car series. This year, the tyre maker is complementing its DTM commitment with involvement in four further championships – the Formula Renault Eurocup, Belcar Series, Mini Challenge Italia and the new, all-female W Series.

Related news:

  1. Hankook adding truck tyre production to European plant
  2. Hankook supplying OE tyres for Audi SQ8
  3. Hankook throws its hat into the Formula 1 ring
  4. Audi Q8 factory-fitted with Hankook tyres in Europe, North America
30th April 2019 by
,

Gulf Air selects Michelin as tyre partner

Bahraini national airline Gulf Air has announced its selection of Michelin to equip every aircraft type within its fleet with tyres. Michelin’s supply to Gulf Air includes fitment on its new fleet of Boeing 787-9 Dreamliner, Airbus 320neo and Airbus 321neo planes.

Related news:

  1. Cirrus Aircraft adopts Michelin tyre fitment policy
  2. Michelin Air X for new ANA Airbus A380 fleet
  3. Evolved Michelin Air X tyre homologated for E170
  4. Michelin establishes aircraft tyre firm in China
30th April 2019 by

Michelin contributing to UAE ‘rubber asphalt’ project

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.

Related news:

  1. Tyre Manufacturers In Global E-Commerce Initiative
  2. Deestone: A Successful Entry into Radial Production
  3. Hard surface tyre added to Michelin BibSteel range
  4. Michelin intends to acquire Brazilian digital fleet management company
30th April 2019 by

Giti truck tyres hit the track at Brands Hatch

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.

Related news:

  1. Giti Tire rides again at VW Fun Cup 2019
  2. Giti launches key trailer tyre size for growing volume transport segment
  3. Giti Tire grows 3PMSF-certified CV tyre portfolio
  4. Giti CombiRoad technology introduced into 17.5” truck and bus market
30th April 2019 by

Kumho, Nexen fined for restricting tyre resale prices

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.

Related news:

  1. The Market is Ripe for Korean Tyre Makers
  2. No extension for Kumho Tire receivership deadline
  3. Kumho the strongest ‘local’ in South Korea’s aftermarket
  4. Nexen Tire resumes production after short coronavirus pause
30th April 2019 by

Goodyear reports Q1 2019 net loss

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.

Related news:

  1. Goodyear: Q3 2018 results
  2. Goodyear: Drop in OE demand muzzles H1 2019 performance
  3. Goodyear defers dividend as volumes drop 18% in Q1 2020
  4. Charges deflate Goodyear’s strong operating performance
30th April 2019 by

Chinese truck tyres: EC says anti-dumping duties effective

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.

Related news:

  1. EU begins registering Chinese truck tyre imports
  2. Chinese truck tyres: EC proposes revised anti-dumping duties
  3. NTDA: EC anti-subsidy decision ‘no great surprise’
  4. EU makes final truck tyre anti-dumping duties decision, retains fixed rates for manufacturers
29th April 2019 by

Clif Armstrong to lead Marangoni North America

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.

Related news:

  1. Marangoni Taps Rizzi to Lead Sales
  2. Latest Ringtread Technology Shown off at Opening of New Plant
  3. Continental takes over ContiTread marketing from Marangoni
  4. Marangoni North America ‘remains operational’
29th April 2019 by
,

Michelin inaugurates 3 million square foot distribution centre

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.

Related news:

  1. Hauling Out of the Recessionary Market
  2. Michelin invests in SmartDrive Systems
  3. Bridgestone enlarging warehousing at USA plants
  4. Michelin renews long-standing CEVA Logistics contract
29th April 2019 by
,

Further automotive acquisitions for GFG Alliance

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.

Related news:

  1. Goodyear Amiens Nord deal ends years of tension
  2. Mobivia Groupe to acquire ATU
  3. Will rent price discord torpedo A.T.U. acquisition?
  4. Bridgestone buys yet another French tyre retailer
29th April 2019 by

Belshina a European Games partner

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).

Related news:

  1. Belshina anticipates year-on-year doubling of sales to Pakistan
  2. Yokohama confirms Belshina meeting took place
  3. Belshina produces first 63-inch tyre
  4. Belshina: Phase 1 of off-road radial project nearing completion
26th April 2019 by

Stanley Travel trialling wheel security system

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.

Related news:

  1. Wheely-Safe launches Michelin aftermarket TPMS solution
  2. HSS Hire rolls out Michelin’s Wheely-Safe Light system after trial demonstrates fuel savings
  3. Wheely-Safe introduces wheel & tyre solution for heavy fleets
  4. Wills Brothers trials Wheely-Safe Michelin TPMS Light Fleet
26th April 2019 by

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.