New vans expand HiQ mobile fitting fleet
HiQ Tyres & Autocare is expanding its HiQ2U mobile fitting service with 12 new vehicles. These additions to the fleet will service the needs of Enterprise Mobility in several areas of the UK, primarily the South East, Luton, Milton Keynes, and the Midlands.
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Michelin reports lower sales, net income in H1 2024
For the first half of 2024, Michelin reports total sales of €13,481 million, 3.1 per cent lower year-on-year than the €14,079 million achieved in the same period of 2023. Despite lower sales, segment operating income increased from €1,704 million and 12.1 per cent of sales in H1 2023 to €1,782 million and 13.2 per cent of sales, driven by mix improvements and reduced operating costs.
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£10 billion operating income by 2028 – Dongying sets tyre making targets
The Dongying government in China’s Shandong Province is implementing a 2024-2028 Rubber Tyre Industry Development Plan that focuses on up to nine tyre and tyre-related enterprises within the region. The goal is for these firms to achieve a combined operating income of RMB 100 billion (£10.6 billion) by 2028.
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Wholesaler Univergomma defies market trends in 2023
Despite a challenging market environment, as highlighted by ETRMA data showing a further year-on-year decline compared to 2022, Univergomma Group defied the trend and significantly improved its economic and financial results in 2023. The Italian tyre distributor was even able to report record figures, with sales revenue exceeding €335 million, marking a five per cent increase. The groups production value also surpassed €350 million, reaffirming its position as a market leader and a key reference point for Italian customers.
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Qingdao Doublestar to sell 100% stake in Guangrao Jixing
China’s Qingdao Doublestar intends to sell its entire 100 per cent shareholding in Guangrao Jixing Tire Co. Ltd through a public listing. The company stated it is actively seeking potential buyers but clarified that this announcement does not constitute an offer or a transaction.
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EG Wholesale inaugurates new East Peckham warehouse
Independent tyre distributor EG Wholesale has announced the opening of a new warehouse facility in East Peckham, Tonbridge. One of ten members of independent tyre wholesaler Grouptyre, EG Wholesale covers a wide area across the South and considers the opening of the East Peckham site a “milestone for the company” as it aims to enhance its service coverage across Kent and Greater London.
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Toyo Tires: Enhancing proprietary design technology
Toyo Tire Corporation has adopted a seventh-generation Hewlett Packard High-Performance Computing (HPC) system for its proprietary high-precision tyre design platform, T-MODE. This move establishes a robust product development framework to expedite the creation of higher-performance tyres.
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JAL and Bridgestone expand tyre Wear prediction technology to large jets
Japan Airlines Co., Ltd. (JAL) and Bridgestone Corporation have extended the application of their tyre wear prediction technology to implement scheduled tyre replacement operations for large jet aircraft, including the Airbus A350-900, which JAL has operated since May 2024.
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Ceat a Bayer 04 Leverkusen premium partner
German football club Bayer 04 Leverkusen is entering the next two seasons with a new premium and tyre partner. Tyre maker Ceat is joining the Bundesliga team and DFB Cup holders with immediate effect, succeeding previous tyre partner Kumho Tire following the planned conclusion of this cooperation at the end of last season. The newly agreed premium partnership with Ceat is set to run until 30 June 2026.
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Michelin closing Trier, Germany plant by year’s end – sizeable severance payouts
We learned late last year that three Michelin plants in Germany will partially or fully close by the end of 2025, a measure affecting around 1,500 employees at the Homburg, Karlsruhe and Trier facilities. The tyre maker now intends to end operations in Trier earlier than originally indicated; Michelin is giving workers the choice between substantial severance payments, a well-paid transition to retirement or employment elsewhere via move into a ‘transfer company’.
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BKT an official The Hundred partner
Off-highway tyre specialist BKT Tires has entered into an official partnership with The Hundred, the ECB 100-ball cricket competition that will take the field at various locations across the UK from 23 July. As part of this partnership, BKT’s logo will feature on the sleeves of all eight teams’ playing kits across the men’s and women’s competitions in this, The Hundred’s fourth season. BKT advertising will also be showcased in sportsgrounds throughout the entire tournament.
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Former Carlton Forest pyrolysis plant operating under new ownership
The facility set up by Carlton Forest Renewables as the UK’s first continuous pyrolysis plant for recycling end-of-life tyres now has a new owner following parent company Green Forest Solutions entering administration in March. David Ashurst, managing director of Motherwell-based tyre recycler UK Rubber, and Richard Martin, who recently acquired the Carlton Forest site where the plant is housed, have purchased the Worksop-based facility. They are now operating it under the business name Carbon Oil Renewables Ltd.
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Yokohama Rubber acquiring Goodyear OTR business
A week and a half after confirming its interest in acquiring The Goodyear Tire & Rubber Company’s Off-the-Road (OTR) tyre business, The Yokohama Rubber Co., Ltd. has announced that it has entered into a purchase agreement valued at US$905 million in cash. Completion of the acquisition is conditional on the usual regulatory approvals and is expected to close by early 2025.
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Apollo Tyres retains EcoVadis Silver Award
It is silver again for Apollo Tyres in the EcoVadis Sustainability Excellence ratings. This is the tyre maker’s third consecutive Silver Award at the annual EcoVadis sustainability assessment, with improved scores from 56 to 70 over the last three years.
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Nexen Tire leveraging virtual technology in tyre R&D
On 4 July, Nexen Tire unveiled its High Dynamic Driving Simulator, a VR-based tool for tyre development. This initiative, which Nexen Tire says is a first for a Korean tyre maker, draws upon the specialist know-how of British equipment supplier Ansible Motion. The tyre maker anticipates that the driving simulator will foster collaboration with vehicle manufacturers, reducing vehicle development times and costs through accelerated virtual development.
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