Ex-Trinseo VP appointed Orion CTO
Orion S.A., which supplies speciality chemicals such as carbon black to automotive firms including tyremakers, has named Natalia Scherbakoff as the company’s new chief technology officer (CTO). Scherbakoff succeeds David Deters who previously led Orion’s global innovation program for over a decade. Deters announced his retirement earlier this year and will remain with Orion through the end of 2024.
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Football – Sailun extends FC Ingolstadt 04 partnership
Sailun has extended its premium partnership with German football club FC Ingolstadt 04, giving the tyre brand a continued LED board advertising presence at the team’s home pitch until 2027. It will also continue to be responsible for the tyres on the team bus.
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“Highest revenue” – Ceat announces Q2 FY24-24 financial results
Indian tyre maker Ceat Limited has announced its unaudited results for the second quarter of its 2024-25 financial year, which ended on 30 September 2024. On a consolidated basis, the Company’s revenue closed at Rs 33.30 billion (£304.78 million), EBITDA margin stood at 11.1 per cent, a contraction of 102 bps vs Q1 FY24-25. Net profit stood at Rs 1.21 billion (£11.19 million).
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Linglong Tire gains 5th consecutive SSE ‘A’ rating
The Shanghai Stock Exchange (SSE) has awarded Linglong Tire an ‘A’ rating for information disclosure for the fifth consecutive year. The SSE’s rating system, ranging from A to D, evaluates listed companies based on the quality, accuracy, and timeliness of their information disclosure. An A rating highlights Linglong’s commitment to transparency, regulatory compliance, and strong corporate governance.
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CorpAcq acquires exhaust-maker Klarius
The Klarius Group of Companies, which includes Klarius, Emissco, KMT, Autologistiks and TIMEC, has been acquired by private investment firm CorpAcq. No financial details have been disclosed. Company representatives highlighted that there will be “no disruption to daily operations or the team’s existing management structure” as a result of the acquisition.
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Titan launches VPO technology
Titan International and the recently acquired Carlstar Group have introduced Variable Pressure Operation (VPO) Technology, a flat-proof technology that, according to Titan, offers a versatile solution as an alternative to tweel wheels and other airless polyurethane spoke wheel options, by providing the ability to effectively operate machinery at various inflation pressures – even down to zero psi. The tyre maker is presenting VPO for the first time at Equip Exposition, which is taking place in Louisville, USA between 15 and 18 October.
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Zeus partners with Apollo Tyres
Zeus – which operates in freight management – has equipped Apollo Tyres with Zeus Command AI. The Zeus logistics management solution is designed to help Apollo streamline its European operations. Indeed, as a result of the work with Zeus, Apollo Tyres Ltd is expected to reduce its European transport costs by 1.8 million euros per year. Zeus Command AI is also designed to bring Apollo Tyres “operational productivity increases of up to 25 per cent”.
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Enduring sustainability: Michelin shares whole life performance and electric vehicle tyre strategy
Driven by the company’s corporate belief that mobility is a human right and essential for flourishing and freedom, Michelin is committed to decarbonising mobility and – of course – tyres play a key role in that. During a recent visit to Michelin’s Clermont-Ferrand headquarters and Ladoux research and development facility in France, Michelin executives articulated how that grand vision relates to the tyres and vehicles of today as well as the technology of tomorrow.
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Sailun Group anticipates major rise in profit
In a stock exchange submission dated 11 October 2024, Sailun Group Co., Ltd. shares its estimation that net profit attributable to shareholders of the listed company for the first three quarters of 2024 will range between RMB 32.10 billion and RMB 32.80 billion (£3.47 billion and £3.55 billion), a year-on-year increase of 58.52 per cent to 61.98 per cent compared with the same period of last year.
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Redundancies for BBS Autotechnik workforce
Approximately 220 employees of wheel maker BBS Autotechnik in Germany received their redundancy notices in the post yesterday. The redundancies apply to all workers save for a team of 16 who will continue to work to wind up the firm. Insolvency administrator Dr Dirk Pehl previously announced that needed to make all but a few employees redundant, but notifications couldnt be sent out until various agreements between the employer and the BBS works council were approved and notification of large-scale redundancies submitted to Germany’s state employment agency (Agentur für Arbeit).
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Hankook Tire joins GDSO
Effective July 2024, Hankook Tire & Technology is a full member of the Global Data Service Organisation for Tyres and Automotive Components (GDSO). The association welcomes the Korean tyre maker as a “strong partner that is committed to digitalisation and sustainability in the sector.
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Kumho Tyre UK heads to Spurs’ stadium for five-a-side tournament
Kumho Tyre UK recently hosted its annual five-a-side football tournament at the Tottenham Hotspur FC training ground, with the event attracting over 40 Kumho key customers and partners, offering a unique blend of networking and exciting competitions.
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Cost vs conscience: Mitas squares up against price-driven rivals
We want a fair and just world, so long as the price tag isn’t too high. We hope and long for a decent income but purchase goods made with low-cost labour. And more sustainability would be very nice indeed, provided it doesn’t make anything more expensive. These paradoxes are endemic in our world, including within the agricultural sector, something that tyre maker Mitas is well aware of. The brand is tackling such inconsistencies in an effort to increase its presence in the aftermarket, as Elio Bartoli told us when we visited the Mitas tyre plant in Otrokovice, Czechia last week.
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Ascenso names Fernández European marketing manager
Diana Fernández has been appointed as Ascenso’s new marketing manager for European business. Prior to her appointment, Fernández led “the digital transformation of four UK and Ireland brands” within Bridgestone’s European operations, which reportedly “resulted in significant growth in website traffic leading to higher conversion rates”.
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Nexen Tire sponsors Al-Nasr SC
Al-Nasr SC, the Saudi Arabia football team famous for signing Christiano Ronaldo, has confirmed that Nexen Tire has agreed “a significant sponsorship deal” with the team. The deal sees Nexen becoming the official shirt sponsor for Al-Nasr Club’s first team during the 2024-2025 season. In addition, through the partnership, Nexen will “engage in various marketing initiatives, including LED and digital billboard advertisements in the stadium, logo branding, and collaborative marketing efforts”. The partnership was jointly established with Nexen’s local distributor in the UAE, Al Saeedi.
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