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Sumitomo Rubber Industries (SRI) reports a 5.3 per cent year-on-year increase in sales revenue during the quarter ending 31 March 2024, to ¥291,360 million (£1,482.03 million). Business profit surged by 190.7 per cent to ¥23,183 million (£118.04 million), operating profit rose by 166.5 per cent to ¥20,696 million (£105.31 million) and profit attributable to owners of the parent jumping by 520.2 per cent to ¥24,841 million (£126.47 million).
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The Continental UltraContact NXT is a German Innovation Award 2024 winner. The jury of the German Design Council acknowledged the Continental tyre in the ‘Excellence in Business to Consumer: Transportation’ category. With up to 65 per cent renewable, recycled and ISCC PLUS mass balance certified materials, the UltraContact NXT is Continental’s most sustainable production tyre to date.
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Avon has expanded its WX7 winter tyre range with the addition of 12 SKUs for 17- to 19-inch rim diameters. The new dimensions grow the range to a total of 29 sizes to give increased access to a “broad spectrum of cars.”
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Sumitomo Rubber Industries, Ltd. (SRI) has unveiled a new technique for predicting noise generated by the combined vibration of tyres and vehicle. By simulating how tyres roll when in motion and applying the lessons learned, SRI anticipates that both tyre and vehicle manufacturers will be able to reduce their products’ noise emissions.
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The Yokohama Rubber Co., Ltd., has announced its participation in a venture spearheaded by the Japan Ministry of the Environment. This initiative, a component of the Japanese Government Cabinet Office’s BRIDGE programmes, aims at assessing and affirming the sustainable acquisition of natural capital from the ASEAN region.
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In an operation that French newspaper Le Monde describes as “both spectacular and unprecedented,” investigators from three European countries carried out a series of raids against Goodyear today. The publication writes that the prosecutor in Besançon, France confirms this action, which took place just two months shy of the tenth anniversary of a fatal motorway crash involving a Goodyear Marathon LHS II truck tyre.
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Pakistan’s Service Industries Limited has announced an additional Rs 30 billion (£85.7 million) investment in Service Long March Tyres (Private) Limited (SLM), a joint venture with China’s Chaoyang Long March in which it, together with a subsidiary, holds a 51 per cent shareholding.
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The Yokohama Rubber Co., Ltd., today disclosed its business and financial results for the first quarter of the fiscal year 2024. Sales revenue saw a year-on-year increase of 23.5 per cent between January and March 2024, amounting to ¥252.4 billion (£1.3 billion); business profit rose by 91.0 per cent, reaching ¥24.9 billion (£127.4 million); operating profit surged by 102.6 per cent, to ¥26.8 billion (£137.2 million); and profit attributable to owners of parent escalated by 104.0 per cent, to ¥19.8 billion (£101.4 million).
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After 16 years, Felix Kinzer is stepping down as Hankook Tire’s Director Corporate Communications Europe and will take on a new role as Senior Director for Public Affairs. Filip Pawelka will succeed Kinzer, directing the newly created Marketing Communications department at Hankook Tire Europe.
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To meet the evolving requirements of workshops in the UK, Delphi is investing half a million pounds in a “significant expansion” of the Delphi Academy. The Warwick-based centre will double in size, bringing total floorspace to 1,430 square metres.
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The Yokohama Rubber Co., Ltd. plans to expand production capacity for motorsport tyres at its Mishima facility in Japan’s Shizuoka Prefecture. Yokohama Rubber will invest about ¥3.8 billion (£19.4 million) in a new line that will produce 18-inch and larger motorsports tyres, expanding the plant’s capacity for motorsports tyres by 35 per cent.
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Astra, the Iveco Group’s construction and mining equipment division, has chosen Apollo Tyres’ EnduTrax as the original equipment tyre for its heavy-duty off-road truck range. This selection, effective from April 2024, is the second partnership between Apollo Tyres and the Iveco Group.
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The organiser of TyreXpo Asia 2024 in Bangkok informs us that the show’s opening ceremony will take place at 10am on Wednesday 15 May, instead of at 1:30pm as previously stated. Captain Thammanat Prompao, Minister of Agriculture and Cooperatives Thailand, and Mr Nakorn Tangavirapat, Governor of Rubber Authority of Thailand (RAOT), will attend the opening ceremony as honoured guests.
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The European Tyre and Rubber Manufacturers’ Association (ETRMA) has become an associate member of the Global Data Service Organisation (GDSO) for Tyres and Automotive Components, a non-profit organisation established in 2022 with the aim of standardising tyre-related data and facilitating access to and exchange of this data. Adam McCarthy, ETRMA secretary general, comments that the association’s decision to join GDSO “underscores the European tyre industry’s commitment to driving technological advancement and sustainability within the sector.”
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A new name appeared on our radar in 2017 when Prometeon Tyre Group began producing the existing 01 Series truck and bus tyre range. Prometeon followed this by playing an active role in developing a successor, the Serie 02. This range debuted in 2022, and by that time the company was gaining market share both in the UK and elsewhere, aided by a multi-brand product portfolio. The Prometeon name came out into the open with the launch of the SuperTruck service network, which arrived in the UK last year – and the name will soon gain an even greater presence in the market.
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