RPM Automotive reports “strong” full-year 2024 results
Australian garage chain RPM Automotive Group Limited has released its unaudited results for the 12 months ended 30 June 2024. Group revenue was up 3.7 per cent to $121 million (FY23: $117 million) through “diversified product offering and increased cross sell”. And Gross profit was up 12.0 per cent to $41.4 million “benefits from optimisation program and scale”.
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LKQ Europe targets 10,000 workshops with launch of new harmonized approach
LKQ Europe, which describes itself as “the leading distributor of automotive aftermarket parts, services and solutions in Europe” has launched a central workshop hub to bring its 16 concept brands closer together. The move will enable LKQ Europe’s in-country workshop concept teams – and importantly, the garages they partner with – to share best practices and resources, and benefit from a harmonized approach to proposition development and innovation.
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Full-service workshop provider – Mahle Aftermarket at Automechanika
Mahle Aftermarket is showcasing its position as a full-service provider for independent workshops at Automechanika Frankfurt 2024. The spotlight will be on electrification and thermal management, two areas critical to the future of sustainable mobility. Mahle Aftermarket’s range on display includes the entire BatteryPRO product line for battery care and diagnostics, a new CO2 A/C service unit with climate-neutral coolant, and the latest TechPRO 2 diagnostic tool. Additionally, highlights from Mahle’s original equipment business will be presented to demonstrate the Group’s broad technological expertise.
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Sailun – 18 million tyres sold in Q2 2024
Sailun Group has published its operating data for the second quarter of 2024, reporting having produced 18.1579 million tyres in the three months to 30 June 2024 and selling 17.9620 million tyres. Revenues from these products amounted to 7.57 billion yuan (£809.02 million) for the period.
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Bridgestone to highlight fleet solutions at IAA Transportation 2024
Bridgestone will return to IAA Transportation in Hannover, Germany, from 17 to 22 September 2024, where it will showcase its advancements in fleet management solutions. The event will serve as a platform for Bridgestone to demonstrate technologies it has specifically designed to enhance the efficiency, productivity, safety, and sustainability of commercial fleets.
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Sustainable tyre material market to hit $46.38 million by 2032, up 32.88% CAGR
So called green tyres are reliant on sustainable materials and so that market is also growing fast. Indeed, separate research distributed by Report Ocean, found that the global sustainable tyre materials market is projected to reach US$46.38 million by 2032 from $34.9 million in 2023, growing at a CAGR of 32.88 per cent between 2024 and 2032.
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GSF Car Parts’ Heathrow branch helping Ukraine supply lines
GSF Car Parts proudly shares that its Heathrow branch is going the extra mile to keep Ukrainian troops and support vehicles moving through a loyal customer, A and B Motors. Ukrainian military authorities have acknowledged these efforts.
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Toyo Tires – Serbia plant key to supporting business strategies
In the two years since opening its new plant in Serbia, Toyo Tire Corporation has come to view the facility as “extremely cost-competitive.” The tyre maker completed the installation of production equipment at the site in December 2023, and although the company states in its Integrated Report 2024 that “many obstacles” remain before the plant can “start a vertical take-off toward full-scale operation,” it anticipates that full production systems will be “up and running” before the end of the current business year.
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Michelin invests to reduce CO2 at USA synthetic rubber plant
Michelin North America has made a US$50 million investment at American Synthetic Rubber Company (ASRC) to construct a natural gas boiler facility that will significantly reduce carbon dioxide emissions. The project at this Michelin-owned site in Kentucky entails the decommissioning and dismantling of the coal boilers at ASRC as well as the installation of a new boiler house with three natural gas boilers and a new boiler water treatment process.
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Toyo Tire publishes Integrated Report 2024
Toyo Tire Corporation has released its Integrated Report 2024, a document that offers a comprehensive overview of the company’s financial and non-financial performance. This report is an annual publication aimed at providing stakeholders with a clear understanding of the company’s activities and its contributions to society.
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Advanced tyre & rubber materials supporting equipment at Paralympics
Bridgestone Corporation is extending its commitment to the Olympic and Paralympic Games Paris 2024 through a series of innovation projects in collaboration with adaptive athletes. Since becoming a Worldwide Paralympic Partner in 2018, Bridgestone has focused on promoting inclusivity in sports and society, both on a global scale and within local communities. This effort includes partnerships with adaptive athletes and non-profit organisations to improve access to adaptive sports activities.
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Paolo Pompei talks with T&A 1 year after Yokohama TWS acquisition
Roughly a year since our last interview, which focused on how Trelleborg Wheels Systems had been operating since the company’s acquisition by Yokohama, Tyres & Accessories visited the company’s Tivoli, Italy headquarters in order to meet up with Yokohama TWS chief executive Paolo Pompei and to find out more about what has happened in the first year of post-integration business. In the days following our visit, we learnt that Yokohama had agreed to buy Goodyear OTR and that Paolo Pompei has accepted the top job at Nokian Tyres – both headline-grabbing stories that make the timing of our interview all the more prescient. Specifically, Pompei’s description of how the various Yokohama off-highway businesses (ATG, TWS and Aichi – all of which were, of course acquisitions themselves) operate both semi-autonomously and together potentially provides an insight into how the newly-acquired Goodyear OTR operation may be integrated into the Yokohama stable.
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Never-ending story: Germany’s insolvent wheel manufacturers
The complex situation surrounding the insolvency of Superior Industries Production Germany and BBS Autotechnik has taken another turn. Following the recent collapse of BBS Autotechnik’s bid to acquire the Superior plant in Werdohl, Germany, Superior’s insolvency administrator announced that investors linked with new BBS parent company, Turkey’s IS Holding, were considering acquiring the plant directly. This plan has now been scrapped, which may also explain the silence surrounding the sale of BBS brand trademark rights. A deal hasn’t yet been finalised, raising concerns as time begins to run out.
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Yokohama wins “Prime” status in ISS ESG ratings
The Yokohama Rubber Co., Ltd., has received “Prime” status for the first time in the latest ISS ESG ratings, the responsible investment arm of Institutional Shareholder Services Inc. (headquarters in USA). ISS ESG corporate ratings are based on its evaluations of companies’ environmental, social, and governance initiatives from the perspective of what is known as […]
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AI & 3D printing – Nexen harnessing tech to expand OE partnerships
Nexen Tire has provided further insights into its use of emerging technologies, such as XAI (eXplainable AI)-based design processes and 3D printing for tyre mould production. The company aims to “further expand its partnerships with global automakers through these innovations.”
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