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Rockendorf leaves Kumho, returns to Continental

Dirk Rockendorf is once again wearing Continental colours after serving as Kumho Tire’s marketing director for Europe for almost three years. As our German-language sister publication Neue Reifenzeitung reports, Rockendorf confirms that he’s held the position of head of marketing communications at Continental Aftermarket GmbH, a company within Continental’s Interior division, since 1 August 2018. In this role, he is responsible B2B and B2C communications for the aftermarket parts business.

Related news:

  1. Kumho appoints Rockendorf European marketing director
  2. Smaller Brands Lead the Way in Tyre Tests
  3. Kumho bringing a swag of new tyres to Reifen
  4. Michelin the number one consumer researched tyre brand: Tyre Reviews

Maggioni leaves Marangoni following strategic review

After less than two years in the job, Dino Maggioni has chosen to step down as chief executive officer of Marangoni S.p.A. and also leave all other positions he held within the group. According to a statement issued by the company, Maggioni’s departure follows a review of the “strategical directions that were assigned to Mr Dino Maggioni in the autumn of 2016.”

Related news:

  1. Marangoni names new president, VP
  2. Marangoni: Changing the world of retreading is our responsibility
  3. Marangoni Group names Maggioni its new CEO
  4. Directa Plus collaboration: graphene to boost Marangoni retreading performance

DTM, Hankook returning to Brands Hatch

Between 2006 and 2013, the DTM touring car series was a regular visitor to the Brands Hatch circuit in Kent, and following a four-year hiatus DTM drivers will race there once again this weekend. Instead of using the 1.2-mile Indy circuit favoured in past years, the action in 2018 will take place on the full, 2.4-mile GP circuit.

Related news:

  1. DTM – no option tyre in 2015
  2. Twisty left-hand track awaits Hankook in Moscow DTM
  3. Eifel classic requires correct tyre management: DTM tyre supplier Hankook
  4. Hankook: Brands Hatch round a “good advertisement for motorsport”

Pirelli: H1 2018 financial results

Pirelli & C. SpA has published its financial results for the first half of 2018. The key figures show a 2.0 per cent year-on-year decline in revenues to 2.63 billion euros despite organic growth of 5.5 per cent; adjusted EBIT rose 6.8 per cent to 473.3 million euros and the margin increased from 16.5 per cent (H1 2017) to 18.0 per cent; Net income (before discontinued operations) was up 169.1 per cent to 181.9 million euros.

Related news:

  1. Pirelli lifts sales, income in first half of year
  2. Pirelli Ups 2010 Targets
  3. Pirelli’s Q1 2015 net profit up 12.2% to €101.4 million
  4. Goodyear: Q3 2018 results

Cooper Tire: Sales, income lower in Q2 2018

The results reported by Cooper Tire & Rubber for the second quarter of 2018 were, says the company’s president and chief executive officer, “in line with our stated expectations.” It therefore came as no great surprise that net sales, operating income and net income were all lower year-on-year in the three months to 30 June 2018.

Related news:

  1. Cooper Tire: Manufacturing costs, lower volumes hold back Q1 2018 profit
  2. Cooper Tire: Raw material costs deflate profit in Q1 2017
  3. Cooper Tire: Earnings affected by tax reform in 2017
  4. Cooper Tire acknowledged for BoD female representation

Linglong completes technical assistance to Uzbek tyre plant project

The tyre plant built in Uzbekistan by Uzkimyosanoat State Joint Stock Company and partners, with technical assistance from Linglong Tire is complete, and Linglong says it is now focused on appointing a product technical team and working towards helping the plant achieve its production goal of 3 million passenger car radials and 200,000 cross-ply agricultural tyres per annum.

Related news:

  1. Linglong Tire progressing with recycling, pyrolysis projects
  2. Safe-Run equipping Linglong’s Serbia tyre plant
  3. Linglong starts partnership with SGMW
  4. Tatneft invests in Kazakhstan tyre factory joint venture

SEMA: Trump’s tariffs ‘misplaced’

The Specialty Equipment Market Association (SEMA) has voiced its disapproval of US President Trump’s aim to impose 25 per cent tariffs on a range of products imported from China; the US-based association, which represents the vehicle aftermarket, says it opposes these tariffs as well as the Trump administration’s tariffs on steel and aluminium and the threatened tariffs on imported cars and automotive parts – it considers them “as misplaced and having the potential to impose significant harm on US businesses and consumers.”

Related news:

  1. Trump puts 25% import tariff on Chinese aircraft tyres
  2. US puts 10% import tariffs on all Chinese tyres
  3. Do tariffs and trade wars work?
  4. Chinese officials welcome US duty decision
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IRC Tire: Work begins on JV motorcycle tyre plant

A groundbreaking ceremony took place on 1 August for the joint venture tyre plant that Indonesian tyre maker PT Gajah Tunggal is setting up with Inoue Rubber Co., Ltd., a subsidiary of Japan’s Inoac Corporation. The joint venture, known as IGM, is located in Tangerang, Indonesia and will manufacture motorcycle tyres sold under the IRC Tire brand name.

Related news:

  1. July start for Pirelli’s motorcycle tyre JV plant
  2. Gajah Tunggal Plans 15% Sales Growth in 2008
  3. Groundbreaking held for Gajah Tunggal proving ground
  4. Gajah Tunggal joins Indonesia’s LQ45 stock index

Titan International net sales up 18% in Q2 2018

Titan International, Inc. has reported net sales of US$428.9 million for the second quarter of 2018, a 17.7 per cent improvement on last year’s result. Net income applicable to common shareholders for the quarter was $1.0 million, as compared to a loss of $10.3 million in the second quarter of 2017.

Related news:

  1. Titan 3Q figures show lower sales, but also reduced losses
  2. Titan to reduce employee headcount following disappointing Q1 performance
  3. Titan International increases sales, reduces net loss in Q1 2017
  4. Titan International sells Wheels India share

Magna Tyres doubles OTR tyre capacity in Netherlands plant

When Magna Tyres Group officially commenced production at its Obo Tyres plant in Hardenberg, the Netherlands on 11 January, Obo general manager Peter Schrijver told us that high levels of efficiency, lower transport costs and lower import duties make it “very cost effective” for Magna Tyres to manufacture in Europe. He also said that Magna had placed a further order for 23-, 26- and 29-inch presses and would undertake measures to effectively double capacity. Just over half a year on, the company has completed its first expansion in Hardenberg. According to Magna Tyres, OTR tyre production capacity is almost twice what it was at the start of the year.

Related news:

  1. Magna Tyres to begin European manufacture
  2. Capacity to double at Magna Tyres’ Netherlands plant – again
  3. Magna: New & retreaded, under the same roof
  4. Magna Tyres Group: ‘world’s fastest growing OTR tyre company’

Sumitomo Rubber begins commercial tyre production in South Africa plant

Production of truck and bus tyres began at the Sumitomo Rubber Industries Ltd. factory in Ladysmith, South Africa on 19 July. The tyre maker invested 970 million rand (£55.8 million) to add commercial tyre capacity to the plant, thereby ending Sumitomo Rubber South Africa’s reliance upon imports to satisfy demand for its truck and bus tyres in Africa.

Related news:

  1. Sumitomo investing to produce truck tyres in South Africa
  2. SRI doubles planned capacity for Brazil truck tyre plant
  3. SRI building new Brazil plant to meet growing demand for truck tyres
  4. EU makes final truck tyre anti-dumping duties decision, retains fixed rates for manufacturers

Hankook Tire: Operating profit down 10.4% in Q2 2018

At KRW 1.67 trillion (£1.14 billion), sales were up 2.3 per cent year-on-year for Hankook Tire in the second quarter of 2018, however this didn’t stop operating profit slipping 10.4 per cent to KRW 183.2 billion (£125.3 million). According to the tyre maker, operating profit was reduced compared with the same period of last year due to initial operating costs in its tyre plant in Tennessee, USA as well as increasing competition in the Korean market. The operating margin decreased from 12.3 per cent to 10.7 per cent.

Related news:

  1. Hankook Tire profits down in Q1 2017
  2. Hankook Tire outperforms European market in Q2 2017, global sales, profit lower
  3. Hankook Tire: Lower OE volumes, costs in US drag operating profit down
  4. Earnings decrease, but larger tyre sizes grow in importance for Hankook Tire
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30% capacity increase: Bridgestone announces investment in Poznań tyre plant

Approximately £145 million will be invested in the Bridgestone tyre plant in Poznań, Poland over the next half a decade in order to boost production capacity by around 30 per cent. Quoted in a Bridgestone press release, Roman Staszewski, plant manager and managing director of Bridgestone Poznan, said close to PLN 700 million would be invested and, by 2022, new technology would be added and current production lines upgraded in order to increase daily production capacity from 31,000 to more than 40,000 tyres.

Related news:

  1. Bridgestone honoured for investments in Poland
  2. Uniwheels to increase alloy wheel capacity with 3rd Polish plant
  3. Bridgestone plants in Hungary, Russia to use Examation tyre making system
  4. Update: Bridgestone to boost radial aircraft tyre capacity

Rotalla winter patterns now available

In addition to offering a wide winter range, Enjoy Tyre is now adding all-season tyres to its Rotalla portfolio. A total of 101 sizes and prototype patterns for cars and vans are currently at the testing and final development stage.

Related news:

  1. Enjoy Tyre supplying extensive Rotalla brand winter range
  2. 19 finalists chosen for 2015 AutoBild winter tyre test
  3. Enjoy’s Rotalla, Routeway winter tyres available through exclusive UK distributor
  4. All-season tyre prices continue to grow, winter prices flatten

M-Sport Wheels aims for full coverage with Fox, Riva, F.X & Novus

The company isn’t a household name, and that is no bad thing – what is much more important for M-Sport Wheels is that its four wheel brands have established a name for themselves in the UK and European alloy rim markets. New additions in 2018 are poised to further extend the ranges’ popularity.

Related news:

  1. 7Twenty launches eye-catching new alloy wheels aimed at JDM, Drift tuners
  2. Ronal presents one-piece 3D printed alloy wheel
  3. Engineers working on £120 million Fort William alloy wheel factory
  4. 4×4 tyre sell-in growth following growing vehicle sales

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