Prinx Chengshan the only HKEX-listed tyremaker at Tire+
Based in the city of Guangzhou, the Guangzhou International Automobile Exhibition is particularly close to the Chinese off-shore territories of Hong Kong and Macau. Still, despite the show’s proximity to such personal and corporate wealth, Prinx Chengshan unique inasmuch as it was the only Hong Kong stock exchange (HKEX) listed tyre manufacturer at the show.
Continue Reading![2018 IAAF conference warns aftermarket of ‘profound transformation’](https://www.tyrepress.com/wp-content/uploads/2018/12/IAAF_Winners006-Robert-Carter-1.jpg)
2018 IAAF conference warns aftermarket of ‘profound transformation’
The IAAF Annual Conference, sponsored by Impression Communications, addressed some of the ongoing issues that loom large and threaten to impact the aftermarket in 2019 and beyond, including the future UK-EU relationship, the danger of counterfeit goods, fast evolving technology and vital legislation to access in-vehicle data, as it hosted one of the largest conferences to date.
Continue Reading![Pirelli boosts SRO link Blancpain GT World Challenge, Pirelli GT4 America Series](https://www.tyrepress.com/wp-content/uploads/2018/12/Pirelli_Blancpain-GT-World-Challenge.jpg)
Pirelli boosts SRO link Blancpain GT World Challenge, Pirelli GT4 America Series
Pirelli’s global motorsport partnership with promoter SRO Motorsports Group has been strengthened with the arrival of the Blancpain GT World Challenge in 2019. The global championship brings together the Pirelli World Challenge in USA alongside the other GT sprint series promoted by SRO throughout Europe and Asia. This brings the total number of SRO competitions supplied by Pirelli up to 12. Pirelli will also become the headline sponsor of the new Pirelli GT4 America series, with 36 cars homologated, 20 of which are brand new models.
Continue Reading![Falken Tyre Europe to sponsor 26th IHF Men’s Handball World Championship](https://www.tyrepress.com/wp-content/uploads/2018/12/web-Falken_Gensheimer.jpg)
Falken Tyre Europe to sponsor 26th IHF Men’s Handball World Championship
Tyre manufacturer Falken Tyre Europe is the official sponsor of the 26th IHF Mens Handball World Championship in Germany and Denmark.
Continue Reading![Motokiki tyre price comparison site launches](https://www.tyrepress.com/wp-content/uploads/2018/12/motokiki-debra.jpg)
Motokiki tyre price comparison site launches
A new online tyre price comparison service has launched, aiming to provide UK motorists with an online tool to choose their tyres quickly and easily, and bringing together products from a wide variety of retail businesses. Motokiki’s comparison engine is designed to offer an impartial whole of market price comparison of tyres from a broad range of suppliers, as well as tyre label result comparison, and the location in which they can be fitted. The company initially comprises 20 staff in offices a short walk from Port Talbot railway station, working on the technical development and marketing of the website, with other aspects of the business outsourced to teams around the country, such as its London-based communications agency, FWD Consulting. Tyres & Accessories travelled to south Wales in late November to attend the launch, with Maven Capital Partners (“Maven”) and the Development Bank of Wales, which have collectively made an equity investment of £3 million in the company, also represented.
Continue ReadingNokian Tyres splits Europe in Central Europe and Nordic regions
Nokian Tyres is separating its Business Area Europe into two business areas: Business Area Central Europe and Business Area Nordics. Anna Hyvönen, SVP Vianor and member of Nokian Tyres Management Team, has been appointed SVP Nordics and Vianor, with the additional responsibility for Nokian Tyres Nordics. Pontus Stenberg, who has been SVP Europe and member of Nokian Tyres Management Team, is leaving the company to pursue his career outside of Nokian Tyres. Hannu Liitsola, currently managing director Central Europe, has been appointed interim Head of Business Area Central Europe.
Continue ReadingToyo changes official name, reshuffles executives
Toyo has made a number of organizational, structural and personnel changes, including an executive reshuffle. First, the company will change its corporate trade name from Toyo Tire & Rubber Co., Ltd. to Toyo Tire Corporation, effective on 1 January 2019. According to the company, the corporate name change will leverage “getting our business operations rolling with the aim of strengthening governance and achieving further growth, which we will endeavour to implement under a new management structure.”
Continue Reading![Kenda’s Michael Andre to retire](https://www.tyrepress.com/wp-content/uploads/2014/05/Kenda_Michael-Andre_1.jpg)
Kenda’s Michael Andre to retire
Michael Andre (60) is retiring at the end of 2018. The news comes after five years with Kenda Rubber Industrial, where he has been marketing and sales manager automotive Europe responsible for the European passenger car tyre business of the Taiwanese tyre manufacturer. In this role Andrew has led the phased introduction of the Kenda brand to the German and other key European markets.
Continue ReadingGoodyear share price picks up, hedge funds back Goodyear
Goodyear’s share price picked up by up to 1 per cent during early trading on 12 December 2018, having risen 0.56 per cent by the close of the previous session (up from $21.59 to $21.71). Considering that the value of these shares fell -8.70 per cent during the preceding seven-day period, and experienced a loss of -1.76 per cent over the past 30-day period suggests this is a significant uptick. In addition, when you compare this with the 1.5 per cent one-day drop all tyre majors experienced in October when Michelin warned that demand was softening, it appears that the share price is bouncing back.
Continue ReadingWanda Boto Tyre advertising on NASDAQ screen in Times Square
In September 2018 Shandong Wanda Boto Tyre Co Ltd was invited to display some of its advertising on the NASDAQ screen in the world-famous Times Square in New York, USA.
Continue Reading![Cooper Tire and Sailun announce Vietnam TBR tyre joint venture](https://www.tyrepress.com/wp-content/uploads/2018/12/cooper-sailun-logos.png)
Cooper Tire and Sailun announce Vietnam TBR tyre joint venture
Cooper Tire & Rubber Company is to form a joint venture with Sailun Vietnam Co, Ltd to build a 2 million capacity truck and bus radial manufacturing plant. Subject to closing and government approvals, the facility will be located near Ho Chi Minh City, Vietnam, at the site of Sailun Vietnam’s existing operations, which early in 2018 signed an offtake agreement to produce Roadmaster, Dean and Starfire brand tyres for Cooper. The new announcement represents the latest move in a series of cooperative moves between the two firms - Sailun Jinyu invested in joining Cooper in its GRT JV in September.
Continue Reading![Linglong hosts partner meeting in Turin](https://www.tyrepress.com/wp-content/uploads/2018/12/linglong-turin.jpg)
Linglong hosts partner meeting in Turin
Linglong Tire hosted its dealer meeting in Turin recently. The event focused on global cooperation and Linglong distributors and suppliers from all over the world were reportedly present. Dialogue with local partners was a specific talking point.
Continue Reading![IAAF Annual Awards Dinner ‘largest event for years’ celebrating aftermarket success](https://www.tyrepress.com/wp-content/uploads/2018/12/IAAF_Winners006-Robert-Carter.jpg)
IAAF Annual Awards Dinner ‘largest event for years’ celebrating aftermarket success
The Independent Automotive Aftermarket Federation (IAAF) Annual Awards & Dinner 2018 has been hailed as one of the largest of its kind in many years, as it once again welcomed key aftermarket professionals to celebrate another successful year of business, growth and innovation.
Continue Reading![New electric motor for milk tankers reduces emissions](https://www.tyrepress.com/wp-content/uploads/2018/12/oDi1_4Q.jpeg)
New electric motor for milk tankers reduces emissions
Lots of carbon dioxide is emitted unnecessarily every time tankers arrive at farms to collect milk. This is because the trucks use their oversized diesel engines to drive the pump that fills the tank. Technology company Semcon has now developed an electrical system for the milk pump that will reduce diesel consumption for a single truck by up to 5,000 litres per year. Noise and emissions at farms will also be reduced.
Continue Reading![CAM appoints Frankie Sharp head of product management](https://www.tyrepress.com/wp-content/uploads/2018/12/cam_portraits-0082.jpg)
CAM appoints Frankie Sharp head of product management
CAM has expanded its management team with the promotion of Frankie Sharp to head of product management. The company states that the new addition to the management team is part of its ongoing commitment to drive innovation in the business to ensure its software solutions continue to meet the industry’s needs.
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