![Hankook Tire – operating profit up 109% in Q1 2024](https://www.tyrepress.com/wp-content/uploads/2023/08/Hankook-placeholder-1.jpg)
Hankook Tire – operating profit up 109% in Q1 2024
Hankook Tire & Technology has disclosed its financial performance for the first quarter of 2024, reporting sales of KRW 2,127.2 billion (£1.2 billion) and an operating profit of KRW 398.7 billion (£230.8 million) based on global consolidated financial results. Year over year, sales saw a modest increase of 1.1 per cent, while operating profit surged by 108.8 per cent.
Continue Reading![Tyre News in Numbers – April 2024](https://www.tyrepress.com/wp-content/uploads/2024/04/TA-APRIL-24-Featured.jpg)
Tyre News in Numbers – April 2024
Tyres & Accessories’ monthly ‘Tyres News in Numbers’ column boils down the latest tyre industry news to the most important statistics of the month. Below, we look at the big numbers from the April 2024 magazine.
Continue Reading![Remember This? – April 2024](https://www.tyrepress.com/wp-content/uploads/2021/05/APR-19-FC.png)
Remember This? – April 2024
Our monthly magazine column looks back at the biggest news events from the tyre industry five, 10, 15 and 20 years ago. This months edition looks back to April issues from 2004, 2009, 2014, and 2019 for some of the biggest tyre industry news of those months. Click the month and year to access the digital edition of the relevant issue of the magazine from Tyres & Accessories’ expanding digital archive.
Continue Reading![Sailun bringing Road to Cologne 2024 tour to UK](https://www.tyrepress.com/wp-content/uploads/2024/04/Sailun-Road1.jpg)
Sailun bringing Road to Cologne 2024 tour to UK
For the Sailun Group, the weeks between now and the start of The Tire Cologne on 4 June 2024 will be occupied by its Road to Cologne 2024 event. Sailun will visit six key markets in the coming weeks to help its European dealer network get better acquainted with its range, including products boasting the latest EcoPoint3 technology.
Continue Reading![Apollo Tyres partners on EV tyre cut & chip test track](https://www.tyrepress.com/wp-content/uploads/2024/04/Cut-and-Chip-test-track-inauguration-sml.jpg)
Apollo Tyres partners on EV tyre cut & chip test track
Apollo Tyres has announced a “significant partnership” with India’s National Automotive Test Tracks (NATRAX), one of the country’s leading providers of testing and validation services. The partners are establishing a test track for validating electric vehicle tyres and low rolling resistance tyres. According to Apollo Tyres, this dedicated testing facility for EV manufacturers is the first of its kind in India.
Continue Reading![GS Yuasa welcomes Wayne Stevens as new managing director](https://www.tyrepress.com/wp-content/uploads/2024/04/wayne_stevens-1.jpg)
GS Yuasa welcomes Wayne Stevens as new managing director
Wayne Stevens has been named as managing director of GS Yuasa Battery Sales UK. The company says he brings with him a wealth of business and leadership experience across different market sectors and his background positions him as an ideal leader to drive GS Yuasa Battery Sales UK Ltd. forward in its continued pursuit for growth and innovation.
Continue Reading![Thailand factory supports most of Linglong’s profits in 2023](https://www.tyrepress.com/wp-content/uploads/2024/04/Sailun-Retail.jpg)
Thailand factory supports most of Linglong’s profits in 2023
Linglong’s revenue in 2023 exceeded 20 billion yuan, and its net profit was close to 1.4 billion yuan. The tyre manufacturer produced 79.117 million tyres throughout the year, an increase of 20.4 per cent year-on-year. Among them, semi-steel tyres increased by 19.20 per cent, all-steel tyres increased by 30.79 per cent, and bias tyres decreased by 6.19 per cent.
Continue Reading![European replacement tyre sales mostly down in Q1 2024](https://www.tyrepress.com/wp-content/uploads/2024/04/wet-sml.jpg)
European replacement tyre sales mostly down in Q1 2024
The European Tyre and Rubber Manufacturers’ Association (ETRMA) has published its members’ Q1 2024 replacement tyre sales figures, and the general trend remains towards lower sales volumes. “The general inflationary context continues to affect the demand in all tyre product lines,” comments Adam McCarthy, ETRMA secretary general.
Continue Reading![Continental highlights innovation & growth at 2024 AGM](https://www.tyrepress.com/wp-content/uploads/2024/04/continental_AGM_2024-sml.jpg)
Continental highlights innovation & growth at 2024 AGM
Chief executive officer Nikolai Setzer set the tone for Continental’s future during the 2024 Annual Shareholders Meeting last Friday, emphasising the company’s pivotal role in advancing mobility technology. This years meeting marked a return to in-person gatherings after a five-year hiatus, with a simultaneous live stream for broader accessibility.
Continue Reading![Read and download Tyres & Accessories Magazine April 2024 now](https://www.tyrepress.com/wp-content/uploads/2024/04/TA-APRIL-24-Featured.jpg)
Read and download Tyres & Accessories Magazine April 2024 now
In the April 2024 issue of Tyres & Accessories Magazine, available now as an e-paper for subscribers to Tyrepress, Tyres & Accessories turns its attention to the SUV tyre and OTR tyre markets. As well as these special features, the issue features articles about Yokohama’s expansion strategy in Europe, a round up of some of the leading European tyre tests in the summer tyre season, and Kumho’s decision to build a tyre plant in Europe. Non-subscribers can gain access to Tyrepress with a print or online subscription. Tyre professionals can take advantage of the current Tyrepress Membership offer, helping to drive business online and stay informed with the industry’s leading magazine and websites.
Continue Reading![Conti acquisition of Goodyear OTR ‘a complementary fit’ and analysts’ preferred ‘area for capital allocation’](https://www.tyrepress.com/wp-content/uploads/2024/04/Conti-Goodyear-scaled.jpg)
Conti acquisition of Goodyear OTR ‘a complementary fit’ and analysts’ preferred ‘area for capital allocation’
Valuing Goodyear’s for-sale OTR tyre business at between $800 million and $1 billion, financial analysts have evaluated a hypothetical acquisition of the unit by Continental AG as “a complementary fit”. Writing in an investor’s note dated 23 April 2024, the Jefferies report endorsed the business case behind the scenario:
Continue Reading![Goodyear begins phase 2 of LIST partnership](https://www.tyrepress.com/wp-content/uploads/2024/04/Goodyear-LIST.png)
Goodyear begins phase 2 of LIST partnership
The Luxembourg Institute of Science and Technology (LIST) and The Goodyear Tire & Rubber Company have commenced a second phase of their strategic collaboration. Goodyear says this next step in the two parties’ joint work will not only leverage previous achievements but will also “delve into new technological avenues.”
Continue Reading![Kumho Tire presents expanded stand and new products at Tire Cologne](https://www.tyrepress.com/wp-content/uploads/2024/04/Kumho-2022-sml.jpg)
Kumho Tire presents expanded stand and new products at Tire Cologne
Kumho Tire its participating in this year’s The Tire Cologne exhibition with a revamped stand spanning 408 square metres. Positioned at Hall 6, Stand A030/B039, the company is set to showcase its comprehensive portfolio featuring the Kumho and Marshal brands, providing visitors with an immersive experience to explore the latest advancements across the car, SUV/4x4, van, and truck segments.
Continue Reading![One less headache – let MFS keep your fleet on the road](https://www.tyrepress.com/wp-content/uploads/2024/04/complete-fleet-support.jpg)
One less headache – let MFS keep your fleet on the road
After the doldrums of the “COVID years”, new vehicle sales are slowly recovering. The SMMT reports that the UK new car market clocked up its 20th consecutive month of growth in March, with a 10.4% year-on-year rise in registrations, adding 320,000 new cars – the best March since 2019; whilst 53,000 new light commercial vehicles also joined UK roads in March as more fleet owners upgraded to the latest models than in any other month in the last three years – an increase of 11.1%.
Continue Reading![Triangle Tyre prepares 150sqm booth for The Tire Cologne 2024](https://www.tyrepress.com/wp-content/uploads/2024/04/triangle_Tire24_03-scaled.jpg)
Triangle Tyre prepares 150sqm booth for The Tire Cologne 2024
Triangle Tyre will exhibit at The Tire Cologne with a 150sqm booth designed to highlight its role in the European tyre market. The prominent stand (see picture) will also feature a 12sqm LED wall to enhance the manufacturer’s impact on the global tyre fair, helping it to stand out amongst the 273 confirmed exhibitor stands confirmed for the event at time of writing. Triangle Tyre is a mainstay of the largest European fair, exhibiting at every event since The Tire Cologne replaced Messe Essen’s biannual Reifen event.
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