![Maxion Wheels partners to bring scholarship programme to India](https://www.tyrepress.com/wp-content/uploads/2024/05/Maxion-stand-sml.jpg)
Maxion Wheels partners to bring scholarship programme to India
Maxion Wheels, a global leader in wheel manufacturing for various automotive sectors, has announced an initiative in collaboration with the Brazil-based Iochpe Foundation and India’s Savitribai Phule Pune University. The partners are introducing the foundation’s Formare academic scholarship programme, well-established in Brazil and Mexico, into India.
Continue Reading![Pirelli outperforms expectations in Q1 2024 results, pointing to better Q2](https://www.tyrepress.com/wp-content/uploads/2015/03/Pirelli_09.jpg)
Pirelli outperforms expectations in Q1 2024 results, pointing to better Q2
Financial analysts have said Pirelli’s first quarter 2024 results feature “strong sales”, which outperformed consensus estimates by 1 per cent. During the same period pre-tax profits (adjusted earnings before interest and taxes [EBIT] outperformed expectation at twice that rate [+2 per cent compared with the analysts consensus].
Continue Reading![White Paper throws spotlight on CV tyres](https://www.tyrepress.com/wp-content/uploads/2024/05/Continental-White-Paper.jpg)
White Paper throws spotlight on CV tyres
Continental has published a White Paper exploring the basic structure, technical background and overall landscape of the commercial vehicle tyre market. Published in full colour and available as a digital download, the 40-page White Paper “offers extensive information on the fundamentals of tyre design, tyre development and tyre production.”
Continue Reading![Pirelli reports stable revenues, high-value segment growth in Q1 2024](https://www.tyrepress.com/wp-content/uploads/2023/12/Pirelli-placeholder.jpg)
Pirelli reports stable revenues, high-value segment growth in Q1 2024
At a meeting held yesterday, the Board of Directors of Pirelli & C. Spa approved the company’s financial results to 31 March 2024. Pirelli says these results show a “solid operating performance” thanks to the implementation of “key programs” within the framework of its Industrial Plan, as outlined below.
Continue Reading![Point S emphasises NI unity](https://www.tyrepress.com/wp-content/uploads/2024/05/Point-S-NI.png)
Point S emphasises NI unity
Point S Tyre & Autocare shares that it is enjoying continued success in Northern Ireland thanks to its eight members, who all “embody the core values of the UK’s leading independent tyre dealer and car maintenance network.” It praises all eight for fortifying Point Ss presence in Northern Ireland while bolstering individual business growth, a balance that results in a “close-knit working relationship.”
Continue Reading![Prometeon-branded tyres launched in Egypt](https://www.tyrepress.com/wp-content/uploads/2024/05/Prometeon-Tyre-Group_promo-shot-from-Egypt-launch-event_May-2024-scaled-e1715260632784.jpeg)
Prometeon-branded tyres launched in Egypt
Prometeon Tyre Group has unveiled its first Prometeon-branded tyres – the Serie 02 – at a special ceremony in the shadow of the Giza pyramids in Egypt. According to the company, an intensive R&D programme saw 6,000-plus tyres tested and more than 200 million kilometres covering all climatic and road conditions. The Prometeon-branded Serie 02 tyres will initially be produced at the company’s Alexandria plant and made available to markets in Egypt, other Middle East nations and Africa. The new tyres will be distributed in Europe, including the UK, by the end of 2024.
Continue Reading![Durham University take on European Solar Challenge on Bridgestone tyres](https://www.tyrepress.com/wp-content/uploads/2024/05/durhamuniversity-ortus.jpg)
Durham University take on European Solar Challenge on Bridgestone tyres
They were the first UK team to complete the 3,000km Bridgestone World Solar Challenge in six days and finished 11th out of 38 teams overall, but now they are taking a completely separate vehicle called ‘Ortus-T’ to the iLumen European Solar Challenge (iESC), which starts on 21 September 2024.
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Circtec to supply bp with tyre-based marine fuel
Within the framework of an eight-year offtake agreement, UK-based tyre pyrolysis specialist Circtec will annually supply energy company bp with up to 75,000 tonnes of fuel and feedstock recovered from end-of-life tyres. Circtec will process these tyres at a plant it will set up in The Netherlands. In support of this offtake agreement, bp is providing Circtec a €12.5 million debt finance facility to contribute to the capex for expanding this plant into a commercial-scale operation.
Continue Reading![“Sufficient potential for improvement” – Continental publishes Q1 2024 results](https://www.tyrepress.com/wp-content/uploads/2024/05/Conti-placeholder-2-sml.jpg)
“Sufficient potential for improvement” – Continental publishes Q1 2024 results
Continental has reported its Q1 2024 financial results – and refers to the three months to 31 March as “a weak first quarter.” The tyre and automotive components company nonetheless “expects earnings to improve as the year progresses,” particularly during the second half of the year. As such, Continental confirms its previously announced full-year 2024 outlook.
Continue Reading![SRI collaborating with Thai university on sustainable natural rubber research](https://www.tyrepress.com/wp-content/uploads/2024/05/SRI-khonkean_sign-sml.jpg)
SRI collaborating with Thai university on sustainable natural rubber research
Sumitomo Rubber Industries, Ltd. (SRI) has commenced a collaborative research venture with Khon Kaen University, focusing on advancing techniques in rubber tree tissue culture. The Falken tyre brand manufacturer formalised this agreement at a signing ceremony held at the university’s campus in Thailand.
Continue Reading![Divestiture of non-core assets “progressing well”](https://www.tyrepress.com/wp-content/uploads/2024/05/Strategic-review.png)
Divestiture of non-core assets “progressing well”
In November 2023, Goodyear announced that its Chemical business, OTR operation and Dunlop brand rights were all being “strategically reviewed” with a view to raising more combined revenue of north of $2 billion from their sale.
Continue Reading![Goodyear reports net loss of $57 million in Q1 2024 figures](https://www.tyrepress.com/wp-content/uploads/2024/05/SBU.png)
Goodyear reports net loss of $57 million in Q1 2024 figures
While Goodyear reported a net loss of $57 million in the first quarter of 2024, other metrics suggest that the company’s financial situation is offering signs of improvement. A strong showing from the Asia Pacific region and the welcome “stabilisation” of truck tyre demand in EMEA were both notable examples of improvement alongside the impact of Goodyear’s well-documented Goodyear Forward transformation plan.
Continue Reading![Kenda Europe to debut new all-season tyres](https://www.tyrepress.com/wp-content/uploads/2023/04/Background_picture_EMERA_A1_KR41-scaled.jpg)
Kenda Europe to debut new all-season tyres
Kenda Europe’s Tire Cologne stand will include new summer and winter tyres for compact and mid-size SUVs, but arguably the highlights will be the introduction of a new all-season tyre for vans and an all-season extension to the Kenda Klever series.Kenda Europe’s Tire Cologne stand will include new summer and winter tyres for compact and mid-size SUVs, but arguably the highlights will be the introduction of a new all-season tyre for vans and an all-season extension to the Kenda Klever series.
Continue Reading![Prinx partners with United Soccer League](https://www.tyrepress.com/wp-content/uploads/2024/05/Prinx-USL.png)
Prinx partners with United Soccer League
The United Soccer League (USL) and the clubs it represents across the United States of America now have a tyre tie-in. The USL recently entered into a multi-year partnership with California-based Prinx Chengshan Tire North America (Prinx Tires), naming the company the league’s first Official Tire Partner.
Continue Reading![Linglong Tire, JD.com sign partnership agreement](https://www.tyrepress.com/wp-content/uploads/2024/05/Linglong-JD.jpg)
Linglong Tire, JD.com sign partnership agreement
On 28 April, Linglong Tire and JD.com business JD Auto Care signed an agreement that, according to the tyre maker, officially establishes a “long-term, stable, and comprehensive strategic partnership between the two parties.” Under this agreement, Linglong Tire and JD Auto Care will cooperate in regard to product sales, omnichannel service networks and omnichannel marketing.
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