![Continental goes CO2 neutral with Lousado tyre production](https://www.tyrepress.com/wp-content/uploads/2024/05/continental_pp__lousado-sml.jpg)
Continental goes CO2 neutral with Lousado tyre production
A significant milestone has been reached in Continental’s journey towards sustainable manufacturing with the achievement of CO2-neutral tyre production at its 18 million tyres per annum capacity Lousado plant in Portugal. This advancement aligns with a broader Continental objective of attaining completely CO2-neutral production across all its facilities.
Continue Reading![Michelin highlights innovation in new advertising campaign](https://www.tyrepress.com/wp-content/uploads/2024/05/Michelin-ad-campaign-sml.jpg)
Michelin highlights innovation in new advertising campaign
Four years after debuting its “Motion for life” global advertising campaign that “celebrated movement” through showcasing a broad range of products and services, Michelin is now “reasserting its innovative brand DNA.” And what better way to do this than with a new campaign. Michelin calls it “On the road and beyond!” UK consumers won’t experience this any time soon, however, with Michelin announcing the campaign’s imminent rollout in just a handful of countries.
Continue Reading![Smithers & Stackpole release Virtual Tire Lab](https://www.tyrepress.com/wp-content/uploads/2024/05/virtualtirelab.jpg)
Smithers & Stackpole release Virtual Tire Lab
Testing, consulting, information, and compliance services firm Smithers has, together with tyre and vehicle development technology specialist Stackpole Engineering Services, debuted the Virtual Tire Lab. Announcing the launch, Smithers describes Virtual Tire Lab as a “unique, comprehensive toolset for analysing raw data and comparing, contrasting, and adjusting virtual tyre models for use in design analysis, simulation, and model certification.”
Continue Reading![Apollo Tyres reports 65% increase in FY24 net profit](https://www.tyrepress.com/wp-content/uploads/2023/08/apollo-placeholder.jpg)
Apollo Tyres reports 65% increase in FY24 net profit
Apollo Tyres Ltd.’s Board of Directors has approved the companys audited financial results for the fourth quarter and the full financial year 2023-24. The Board also recommended a dividend payout of Rs 6.00 per equity share (600%) on a face value of Re 1 each for FY24, pending shareholder approval at the upcoming Annual General Meeting.
Continue Reading![Sumitomo Rubber reports strong Q1 2024 profit growth](https://www.tyrepress.com/wp-content/uploads/2020/10/59_QWJzdHJhY3QgYmFja2dyb3VuZCB3aXRoIGVhcnRoLmpwZw-scaled-e1602237450291.jpg)
Sumitomo Rubber reports strong Q1 2024 profit growth
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).
Continue Reading![SRI improves noise predictability for tyre development](https://www.tyrepress.com/wp-content/uploads/2024/05/EN_tendosimulation_0513-sml.jpg)
SRI improves noise predictability for tyre development
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.
Continue Reading![Yokohama Rubber engaging in sustainable procurement initiative](https://www.tyrepress.com/wp-content/uploads/2023/08/Yokohama-placeholder-2.jpg)
Yokohama Rubber engaging in sustainable procurement initiative
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.
Continue Reading![Goodyear sites in France, Belgium & Luxembourg raided](https://www.tyrepress.com/wp-content/uploads/2023/10/Goodyear-placeholder.jpg)
Goodyear sites in France, Belgium & Luxembourg raided
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.
Continue Reading![Service Long March partners investing to double capacity](https://www.tyrepress.com/wp-content/uploads/2024/05/SLM.jpg)
Service Long March partners investing to double capacity
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.
Continue Reading![Yokohama Rubber posts record sales, business profit & margin in Q1 2024](https://www.tyrepress.com/wp-content/uploads/2023/08/Yokohama-placeholder-2.jpg)
Yokohama Rubber posts record sales, business profit & margin in Q1 2024
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).
Continue Reading![Delphi Academy announces major expansion plan](https://www.tyrepress.com/wp-content/uploads/2024/05/Warwick-based-Delphi-Academy-will-double-in-size-by-extending-into-a-neighbouring-unit.jpg)
Delphi Academy announces major expansion plan
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.
Continue Reading![Yokohama Rubber boosting motorsport tyre capacity at Mishima plant](https://www.tyrepress.com/wp-content/uploads/2024/05/Yokohama-Mishima-sml.jpg)
Yokohama Rubber boosting motorsport tyre capacity at Mishima plant
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.
Continue Reading![Goodyear Blimp returns to European skies from new base](https://www.tyrepress.com/wp-content/uploads/2024/05/Goodyear-Blimp.jpg)
Goodyear Blimp returns to European skies from new base
“A new era” began at Mülheim/Essen Airport in Germany towards the end of last week with the launch of the new Goodyear Blimp/Zeppelin season from a new location. Zeppelin NT, hangar operator WDL Group, and the tyre maker, represented by Frank Titz, Goodyear’s general manager of replacement consumer sales in the DACH (Germany, Austria & Switzerland) region, invited media and local dignitaries to welcome the airship and inaugurate the first flights over the Ruhr region.
Continue Reading![Bridgestone net profit down 4.3% in Q1 2024, FY forecast unchanged](https://www.tyrepress.com/wp-content/uploads/2023/10/Bridgestone-placeholder3.jpg)
Bridgestone net profit down 4.3% in Q1 2024, FY forecast unchanged
Bridgestone Corporation has announced its consolidated financial results for Q1 2024, with net profit down 4.3 per cent year-on-year to ¥86,602 million (£443.58 million). The company has not altered its net profit forecast for the full year ending 31 December 2024, with net profit expected to increase by 8.4 per cent year-on-year to ¥359 billion (£1.84 billion).
Continue Reading![Genan: “Back on track” in 2023 following “annus horribilis”](https://www.tyrepress.com/wp-content/uploads/2024/05/Genan-Viborg.jpg)
Genan: “Back on track” in 2023 following “annus horribilis”
Danish firm Genan, the worlds largest mechanical tyre recycling group, achieved a turnover of €58.7 million in 2023. This represents a seven per cent decrease compared to the previous year. However, despite the lower turnover, the company increased its EBITDA by over 50 per cent to almost €9.4 million, while operating profit (EBIT) multiplied from just over €750,000 to €3.2 million. Net profit, influenced negatively by exchange rate fluctuations, increased from €1.5 to €2 million.
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