Pirelli announces UK Student Awards winners
The 2019 Pirelli UK Student Awards recently took place, recognising the hard work of talented individuals on their placement year.
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Pirelli: H1 2019 financial results
In the preamble to its financial results for the first half of 2019, Pirelli notes that car production around the world was 6.7 per cent lower during the six-month period than in the first half of last year. It adds that lower vehicle production impacted the tyre market, with lower shipments to carmakers driving a 7.3 per cent contraction of the global tyre market in the first half of the year. Many tyre makers diverted production to the less profitable replacement segment, a move that affected their pricing.
Pirelli shareholders’ agreement renewed
A three-year extension to the Shareholders’ Agreement covering the governance of Pirelli & C. S.p.A was agreed upon yesterday. This extension will take effect from the publication date of the notice convening the Pirelli shareholders’ meeting for approving the company’s 2019 financial statements.
Groundbreaking held for new GRI Tires mixing facility
Sri Lanka-based manufacturer GRI Tires has laid the foundation for a new mixing plant. The facility, located some 25 miles from Colombo in the Mirigama Export Processing Zone (MEPZ), will initially give GRI the capacity to increase specialty tyre output by 100 tons a day. A further project phase will double capacity.
Lookalike tyres fail to stump the experts
You have to get up early to fool a Tyrepress.com reader. A couple of weeks ago we asked who could correctly identify five winter tyres with remarkably similar tread patterns – and most respondents could.
UK automotive production drops again as investment dries up
Another blow on the automotive industry’s chin as we inch closer towards a no-deal Brexit. The Society of Motor Manufacturers and Traders (SMMT) has released its latest UK manufacturing figures, and they make a depressing read. British car manufacturing output fell by more than a fifth in the first half of 2019, while commercial vehicle production was down more than 16 per cent and engine production almost 11 per cent. KPMG considers these numbers “worrying.”
Peter Fairlie becomes Prometeon UK managing director
Prometeon Tyre Group UK Ltd has appointed Peter Fairlie its new managing director. He will be based at the company’s head office in Burton on Trent and will be responsible for Prometeon Tyre Group’s business in the UK, Ireland and the Nordic markets.
Linglong Tire main sponsor for China’s Expo 2020 pavilion
Linglong Tire will serve as the main sponsor to the China Pavilion at Expo 2020 Dubai. The tyre maker was awarded this status at a ceremony held yesterday in Beijing to mark the launch of China’s Expo engagement.
Toyo Tires adjusting management team to facilitate Europe tyre plant project
Yukio Hasegawa has been named the new president of Toyo Tire Corporation’s subsidiary in Russia, effective tomorrow. He succeeds Kenta Kuribayashi in this role. Kuribayashi remains chief executive officer of the Toyo Tire RUS LLC operation (and president of Toyo Tire Europe GmbH) and will additionally, as of tomorrow, become the Russian subsidiary’s chairman.
Continental plant reaches ContiSeal milestone
As of this month, 15 million tyres featuring ContiSeal self-sealing technology have been produced at the Continental factory in Lousado, Portugal. The 15 millionth tyre, a size 255/45 R 19 ContiSportContact 5 SUV destined for original equipment fitment on a Volkswagen, was produced on 23 July and gave cause for a minor celebration at the plant.
3 highly recommended tyres in Tyre Reviews’ summer test
A first for Tyre Reviews with its ‘full video’ tyre test, and a first for Goodyear. The 2019 Tyre Reviews UHP Summer Tyre Test is a cracking good watch and makes a refreshing change from the standard, text-heavy test format. It features eight brands of performance rubber, including what the UK-based site calls the “holy trinity of UHP tyres” – the Michelin Pilot Sport 4 S, Continental SportContact 6 and Goodyear’s latest, the new Eagle F1 Supersport.
Michelin renews, expands its work with WWF France
The 2015-initiated collaboration between the Michelin Group and the French office of the World Wide Fund for Nature has been renewed for a further four years. The tyre maker will continue working with WWF France towards sustainability within the natural rubber market. In the coming four years, the partnership will further develop an existing pilot project in Indonesia and additionally open up the collaboration to include sustainable mobility and the protection of biodiversity.
Goodyear: Drop in OE demand muzzles H1 2019 performance
There’s little good news to be found in the latest financial results from Goodyear Tire & Rubber. Sales and unit volumes were lower in the first half of this year, respectively dropping 5.7 per cent to US$7.2 billion and 3.3 per cent to 75.4 million units. The tyre maker also reported a net loss of US$7 million for the six months to 30 June 2019, a contrast to the net income of $232 million announced a year earlier; this result includes several significant items, most notably $107 million in rationalisation charges that are primarily related to modernisation plans and layoffs at two tyre plants in Germany.
Davanti’s next-gen Protoura a CITExpo star
The latest Davanti project – Protoura Sport – will make its Eastern debut at CITExpo in Shanghai. After appearances at Autopromotec and Automechanika Dubai, the developmental UHP tyre will be on display at the show to give Davanti partners in China, the Far East and Australasia an opportunity to take a closer look and ask the team more about their plans for the product.
Dunlop TT100 GP Radial – retro styling meets modern performance
Classic looks, modern technology – the idea behind the crop of retro-styled bikes to appear of late is a winner. These machines are best paired with tyres that look the part, and Dunlop has obliged by developing the TT100 GP Radial. In a tribute to the tyre’s inspiration, Dunlop will reveal its new product next month at the Isle of Man’s Classic TT Races.
