![Tyrenet launches online, public-facing service](https://www.tyrepress.com/wp-content/uploads/2022/02/Tyrenet.png)
Tyrenet launches online, public-facing service
Tyrenet has launched an on-line solution designed to enable stricken truck and van drivers to “quickly place an enquiry to repair or replace a tyre 24/7”. According to the company, Tyrenet.net will enable a driver to get back on the road in 90 minutes, halving experience of three-hour downtime.
Continue Reading![US oil giant trialling Enviro pyrolysis oil](https://www.tyrepress.com/wp-content/uploads/2021/12/generic01.jpg)
US oil giant trialling Enviro pyrolysis oil
Scandinavian Enviro Systems shares that it has received a recovered pyrolysis oil order worth SEK 2 million (approximately £158,000) from the subsidiary of a leading US oil company. The purchaser hasn’t been named but Enviro describes it as “one of the five largest oil companies in the US.” The oil company intends to carry out production tests with the oil at one of its refineries in Europe, with this testing determining the oil’s suitability as feedstock for producing various biofuels.
Continue Reading![Bridgestone partnering in ELT raw material projects](https://www.tyrepress.com/wp-content/uploads/2022/02/Bridgestone-Eneos.jpg)
Bridgestone partnering in ELT raw material projects
Bridgestone Corporation has commenced a joint programme with four other parties to develop chemical recycling technologies that can deliver high yields of isoprene from end-of-life tyres (ELTs). Earlier today it also announced the launch of a joint research and development project with one of these entities, Eneos Corporation, to extract raw materials from ELTs using pyrolysis with the aim of further using these materials to make new tyres.
Continue Reading![Yokohama Rubber posts ‘record-high’ results](https://www.tyrepress.com/wp-content/uploads/2022/02/Yokohama-2021.jpg)
Yokohama Rubber posts ‘record-high’ results
The Yokohama Rubber Co., Ltd. reports “record-high” sales revenue and profit during the 2021 fiscal year. Sales revenue increased 21.7% over the previous year; operating profit rose 132.4% & profit attributable to owners of parent was up 148.9%.
Continue Reading![Sailun approves Cambodia TBR project](https://www.tyrepress.com/wp-content/uploads/2022/02/saliun-cambodia.jpg)
Sailun approves Cambodia TBR project
On 14 February, Sailun Group Co., Ltd.’s Board of Directors unanimously approved plans to invest RMB 1.43 billion (£165.9 million) to establish a factory in Cambodia with the capacity to produce 1.65 million all-steel truck and bus radials a year. These tyres will primarily be exported to meet demand in European and North American markets.
Continue Reading![Quality, value & long-term potential – 2 decades of ETD & Linglong Tire](https://www.tyrepress.com/wp-content/uploads/2022/02/4-sml.jpg)
Quality, value & long-term potential – 2 decades of ETD & Linglong Tire
Twenty years is a long time in the tyre business. Back in 2002, products from China were still a relatively unknown quantity and European wholesalers were taking their first, tentative steps towards getting to know Chinese manufacturers a little better. It was a steep learning curve on both sides, but some relationships have endured and thrived over the past two decades. The partnership between wholesaler European Tyre Distributors B.V. (ETD) and Shandong-headquartered Linglong Tire is one such success story.
Continue Reading![Nexen Tire develops AI-based tyre performance prediction software](https://www.tyrepress.com/wp-content/uploads/2022/02/Nexen-AI.jpg)
Nexen Tire develops AI-based tyre performance prediction software
Professors from two South Korean universities have collaborated with Nexen Tire to develop a technology that utilises artificial intelligence (AI) technology to predict tyre performance. The resulting application employs machine learning technology during the tyre concept design stage to more quickly and precisely anticipate real-world properties such as fuel efficiency, noise and handling characteristics.
Continue Reading![Back in line with 2019 levels: Michelin publishes full-year 2021 results](https://www.tyrepress.com/wp-content/uploads/2021/12/michelin-sign-logo-sml.jpg)
Back in line with 2019 levels: Michelin publishes full-year 2021 results
Compagnie Générale des Établissements Michelin (the Michelin Group) delivered segment operating income of 2,966 million euros and a margin of 12.5 per cent, which was “back in line with 2019”, according to the company. Specifically, Sales rose by 16.3 per cent to 23,795 million euros and segment operating income stood at 2,966 million euros.
Continue Reading![Linglong Tire extends VfL Wolfsburg partnership](https://www.tyrepress.com/wp-content/uploads/2022/02/photo2-scaled.jpg)
Linglong Tire extends VfL Wolfsburg partnership
Wang Feng, chairman and president of Linglong Tire, recently attended the online renewal of the company’s partnership of well-known top-flight German football team VfL Wolfsburg with Michael Meeske, chief executive officer of VfL Wolfsburg. As a result, Linglong Tire will remain ‘Global Club of Champions/Top Partner, Official Tire Partner, and Official Jersey Sleeve Partner’ of VfL Wolfsburg. Linglong also becomes the Official Team Partner Climate of VfL Wolfsburg and the Wolfsburg United project.
Continue Reading![Apollo Tyres signs Vredestein distribution deal with Sweden’s Amring](https://www.tyrepress.com/wp-content/uploads/2021/08/placeholder-sml.jpg)
Apollo Tyres signs Vredestein distribution deal with Sweden’s Amring
Swedish tyre wholesaler is now the exclusive distributor of the Vredestein range of car, light commercial and classic tyres in Sweden and Finland. Apollo Tyres will end direct sales to retailers of these Vredestein tyre categories as of 1 March 2022 and instead actively support Amring in further building the brand’s market share in these two markets. Apollo Tyres Nordic AB will continue selling Apollo TBR and OHT products directly in all Nordic markets.
Continue Reading![Bridgestone: 2021 operating profit up 90%](https://www.tyrepress.com/wp-content/uploads/2022/02/bridgestone-2021-sml.jpg)
Bridgestone: 2021 operating profit up 90%
Reporting its results for the 2021 financial year, Bridgestone Corporation confirms that its “global tyre sales grew substantially, especially in the premium segment.” Revenue in the 12 months to 31 December 2021 amounted to 3246.2 billion yen (£20.8 billion), a 20 per cent increase compared with 2020. Adjusted operating profit rose 90 per cent to 394.3 billion yen (£2.5 billion) with a 12.1 per cent margin, while profit attributable to owners of parent came to 394.0 billion yen.
Continue Reading![HELLA and Faurecia to cooperate in the independent aftermarket](https://www.tyrepress.com/wp-content/uploads/2022/02/faurecia-hella.jpg)
HELLA and Faurecia to cooperate in the independent aftermarket
Following the news that HELLA and Faurecia are joining forces, the two automotive suppliers have announced that they will be operating jointly in the aftermarket. This means that Faurecia products will soon also be available through HELLA’s aftermarket division. By bundling activities, not only do customers benefit from a comprehensive range of services, but above all from a significantly expanded product spectrum.
Continue Reading![Nokian Tyres: Record sales & improved margins in 2021](https://www.tyrepress.com/wp-content/uploads/2022/02/nokian-2021.jpg)
Nokian Tyres: Record sales & improved margins in 2021
Nokian Tyres posted all-time record sales in the past financial year. The Finnish manufacturer reports that its sales rose by 29.7 per cent (comparable currencies) to 1.71 billion euros. Operating profit also improved considerably, rising 123.5 per cent to 268.2 million euros. This resulted in an operating margin of 15.6 per cent, up 6.5 percentage points on the 2020 result. The tyre maker’s Board of Directors has proposed a dividend of 1.32 euros per share, to be paid in two instalments.
Continue Reading![Iochpe-Maxion invests in Autotech Ventures](https://www.tyrepress.com/wp-content/uploads/2021/12/generic01.jpg)
Iochpe-Maxion invests in Autotech Ventures
Wheel manufacturer Iochpe-Maxion is investing US$5.5 million in Autotech Ventures LLC, a US-based venture capital firm. With this investment, Maxion joins Autotech Fund III as a Limited Partner. The investment aims to foster the development of new start-ups and research in the automotive segment with a focus on connectivity, autonomous vehicles, shared vehicles, electrification, and digitalisation.
Continue Reading![Yokohama Off-Highway Tires: Higher prices from 1 April](https://www.tyrepress.com/wp-content/uploads/2022/02/YOHT.jpg)
Yokohama Off-Highway Tires: Higher prices from 1 April
As a result of continued high raw material prices and “dramatically” rising freight costs in 2022, Yokohama Off-Highway Tires (YOHT) is increasing prices for its products from 1 April 2022. Announcing the upcoming changes, YOHT states that although it has absorbed “the majority of the costs” incurred upstream and during transportation and has thus implemented price increases that are “lower than industry average,” it is “unavoidable to pass a minor portion to its business partners.”
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