![Hankook loses holding company naming dispute](https://www.tyrepress.com/wp-content/uploads/2020/05/Hankook-Logos.png)
Hankook loses holding company naming dispute
Hankook Tire won’t be able to call its holding firm Hankook Technology Group after a court decided that Hankook Tire used the name for unfair purposes. As a result, Hankook Technology Group will no-longer be able to use that name on the Kospi share index either.
Continue Reading![Continental AG measures ‘encouraging’, but R&D budgets and European tyre factories could be cut – analysts](https://www.tyrepress.com/wp-content/uploads/2020/03/Continental-flags.jpg)
Continental AG measures ‘encouraging’, but R&D budgets and European tyre factories could be cut – analysts
Financial analysts from Jefferies described Continental AG’s plan for fiscal improvements during the corona-crisis “encouraging”, according to an analyst report published 15 May 2020. That Conti’s management highlighted “positive data points in China and the European replacement tyre market”, would seem to be positive indications for the whole tyre business. Specifically, replacement tyre demand was described as “strong” in Germany. However, R&D budgets are likely to be cut and there was even the suggestion that European tyre factory numbers could also be cut back.
Continue ReadingTireScanner appoints three ex-Blackcircles execs
In addition to reporting strong first quarter 2020 sales growth, Tirescanner reports that it has added more locations, and has added three new senior figures to its ranks. Graeme Bissett, previously chairman at TireScanner founder Mike Welch’s previous tyre business Blackcircles.com for 12 years, will advise the board on governance, finance and strategic matters.
Continue ReadingTirescanner reports 400% sales growth in first quarter
Tirescanner, the US-based tyre e-commerce, has announced sales and customer growth of 400 per cent in the quarter covering January, February and March 2020. April and May have continued the same trend with the company predicting another record quarter.
Continue Reading![Pirelli UK tyre production restarts from 18 May](https://www.tyrepress.com/wp-content/uploads/import/PirelliCarlisleweb_716980926.jpg)
Pirelli UK tyre production restarts from 18 May
Pirelli UK is to recommence production at its plants in Carlisle and Burton-on-Trent from 18 May 2020. Initial production will be at a reduced rate, reflecting current market demand. “The company’s top priority is ensuring the health and safety of its workers and the wider community”, an official statement added.
Continue Reading![Bridgestone backs motorcycle position with RIDE 4 video game partnership](https://www.tyrepress.com/wp-content/uploads/2020/05/bstone-ride4.png)
Bridgestone backs motorcycle position with RIDE 4 video game partnership
Bridgestone will be the official tyre supplier to the latest installment of the RIDE motorcycle racing video game series. The tyre manufacturer signed a partnership with the Italian game developer, Milestone for RIDE 4. The game for two-wheel enthusiasts will launch worldwide on 8 October 2020 on Playstation 4, XBOX One and PC. Bridgestone explained that the partnership targets solidifying its position as a market leader for motorbike tyres. The game also allows it to “showcase its products and legacy in the competitive racing world,” it added.
Continue Reading![Black Bear Carbon preparing to go back on-stream prior to technology’s roll-out](https://www.tyrepress.com/wp-content/uploads/2020/05/Rotterdam-sml.jpg)
Black Bear Carbon preparing to go back on-stream prior to technology’s roll-out
Ten years have passed since a small team with a clever idea and a vision formed Black Bear Carbon, and although the decade hasn’t been without its setbacks, the company is getting ready to roll out its process for recovering carbon black and other valuable raw materials from end of life tyres. Pending financing, a new plant in Rotterdam, the Netherlands will be operational by the end of next year.
Continue Reading![Goodyear Proactive Solutions finding favour with safety-aware OTR operators](https://www.tyrepress.com/wp-content/uploads/2020/05/Goodyear2-sml.jpg)
Goodyear Proactive Solutions finding favour with safety-aware OTR operators
Health and safety gone mad! This refrain of outrage, often served together with a pint or three, is a staple UK gripe. But such tabloid-fuelled indignation is based upon a truth that benefits us all: HSE regulations ensure our workplaces are amongst the safest in the world. This aim to minimise potential danger is driving UK demand for a solution from Goodyear that offers the additional advantage of substantial cost savings.
Continue Reading![Cooper Tire Europe restarting manufacturing in Melksham](https://www.tyrepress.com/wp-content/uploads/2020/05/Avon-factory-15.jpg)
Cooper Tire Europe restarting manufacturing in Melksham
Cooper Tire & Rubber Company has announced that Cooper Tire Europe plans to begin the process of reopening its manufacturing plant in Melksham, England, in the first half of June, and expects to be producing tyres there by 15 June 2020. The facility, which primarily manufactures motorcycle and racing tyres, has been temporarily closed since late March due to coronavirus.
Continue Reading![Nynas exits US sanctions](https://www.tyrepress.com/wp-content/uploads/2020/05/Nynas-scaled.jpg)
Nynas exits US sanctions
The US Treasury Department’s Office of Foreign Asset Control (OFAC) has confirmed that Nynas is no longer being blocked pursuant to the Venezuela Sanctions Regulations. As a result of a corporate restructuring of the ownership of Nynas AB, sanctions are lifted.
Continue Reading![Ferrari and Lamborghini back in production](https://www.tyrepress.com/wp-content/uploads/2020/05/f8_tributo.jpg)
Ferrari and Lamborghini back in production
Italian supercar marques Ferrari and Lamborghini announced that their top-end vehicles went back into production during the first week of May.
Continue Reading![EDT Automotive ’emerges from April troubles’ for opportunities ahead](https://www.tyrepress.com/wp-content/uploads/2020/05/EDT-machines.jpg)
EDT Automotive ’emerges from April troubles’ for opportunities ahead
Award-winning engine decontamination specialist EDT Automotive has battled through its toughest-ever month as the effects of the coronavirus hit home hard. Trouble flared when their invoice factoring provider blocked access to funds without notice. “We were trading at only around 30 per cent of our agreed facility,” said EDT founder and managing director David Holmes. “Yet we suddenly couldn’t access our own funds.
Continue Reading![MAHA acquires ATT](https://www.tyrepress.com/wp-content/uploads/2020/05/MAHA-ATT.jpg)
MAHA acquires ATT
Workshop and vehicle testing equipment company MAHA Maschinenbau Haldenwang GmbH Co. & KG has acquired a 100 per cent shareholding in ATT, the joint venture workshop equipment company founded in 2000 by Robert-Bosch GmbG and the Nussbaum Group. The change of ownership took place on 30 April.
Continue ReadingCooper Tire declares 193rd consecutive quarterly dividend
Despite intense pressures facing the wider tyre industry, on 8 May 2020 Cooper Tire & Rubber Company maintained a long unbroken streak of quarterly dividends, when it declared a dividend of 10.5 cents per share on common stock, payable 26 June 2020 to stockholders of record at the close of business 1 June 2020. This is the 193rd consecutive quarterly dividend paid by Cooper Tire & Rubber Company.
Continue Reading![Goodyear Total Mobility tweaked to meet new COVID-19 challenges](https://www.tyrepress.com/wp-content/uploads/2020/05/truckloading-prgoodyear-2-sml.jpg)
Goodyear Total Mobility tweaked to meet new COVID-19 challenges
In March, the rapid spread of COVID-19 began to drastically impact almost all industries across Europe. Some had to accelerate production to address a sudden spike in demand while others cut back production in response to declining demand and as a means of limiting the further spread of the virus.
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