![Sales, profit up at Yokohama Rubber in Q2 2018](https://www.tyrepress.com/wp-content/uploads/2018/08/yokohama-logo.jpg)
Sales, profit up at Yokohama Rubber in Q2 2018
Yokohama Rubber Co., Ltd. reports that its sales revenue increased 1.8 per cent in the first half of 2018, to 309.7 billion yen (£2.2 billion). Business profit (sales revenue less the sum of cost of sales and selling, general and administrative expenses) rose 9.5 per cent year on year to 23.8 billion yen (£166.7 million) and operating profit was up 32.3 per cent to 26.4 billion yen (£184.9 million). The company says these operating profit and sales revenue figures were the highest it ever recorded. Profit attributable to owners of parent increased 19.2 per cent year-on-year, to 17.8 billion yen (£124.7 million).
Continue Reading![Bridgestone: Tyre business increases in significance in Q2 2018](https://www.tyrepress.com/wp-content/uploads/2018/08/bridgestone-logo.jpg)
Bridgestone: Tyre business increases in significance in Q2 2018
Turnover at Bridgestone Corporation increased 2.8 per cent year-on-year to 915.5 billion yen (£6.4 billion) during the second quarter of 2018. Sales within the company’s tyre business contributed 758.9 billion yen (£5.3 billion) towards total turnover, growing 3.7 per cent over the prior-year result.
Continue ReadingSignificant rise in Hella sales and earnings
Lighting and electronics specialist Hella has continued its profitable growth path in the fiscal year 2017/2018 (June 1, 2017 to May 31, 2018).
Continue Reading![Vision Zero: Continental working with IAM RoadSmart](https://www.tyrepress.com/wp-content/uploads/2018/08/IAM-Roadsmart.jpg)
Vision Zero: Continental working with IAM RoadSmart
IAM RoadSmart has come together with Continental to support the tyre maker’s Vision Zero campaign to eliminate road deaths, injuries and accidents. Continental will work with IAM RoadSmart over coming months to engage road users at live experiential events. These will see attendees take the driver seat across a range of driving modules at test track locations, With IAM leading a module that gives a first introductory session to advance driver training, observing driver habits and advising on improvements that can be made.
Continue Reading![Superior Industries: Acquired European operation boosts Q2 2018 results](https://www.tyrepress.com/wp-content/uploads/2018/08/superior-logo3.jpg)
Superior Industries: Acquired European operation boosts Q2 2018 results
Record unit shipments and net sales were the headline news upon the release of Superior Industries International Inc.’s financial results for the second quarter of 2018 – a performance resulting from the company’s acquisition of Uniwheels last year. The company has also slightly raised its income and EBITDA projections for the entire year.
Continue ReadingYokohama Rubber ends technology tie-up with Kumho Tire
A new beginning, and also an end: 6 July, the date on which Doublestar Tire’s acquisition of a 45 per cent share in Kumho Tire was officially completed, was also the day a full stop was placed behind more than four years of technological cooperation between Yokohama Rubber and Kumho Tire. In a statement issued today, Yokohama Rubber informs that it terminated these tie-ups according to their terms and condition following the change in Kumho Tire’s controlling shareholder.
Continue Reading![Zhongce Rubber enters global top ten tyre manufacturers](https://www.tyrepress.com/wp-content/uploads/2018/08/Top-Tyre-Manufacturers-2018-1.jpg)
Zhongce Rubber enters global top ten tyre manufacturers
China’s largest tyre manufacturer, Zhongce Rubber, has entered the global top ten, research published today by Tyrepress shows. Best known in Europe for its Westlake brand, the company has pushed up in the rankings past Giti Tire – manufacturer of GT Radial – which did not supply 2017 figures before the deadline, Toyo Tires, and Cooper Tire & Rubber, which fell three places. Competition in the lower quarter of the top ten places is fierce, with turnovers for tyres between 2.4 billion euros (Cooper in 13th) and 3.2 billion euros (Maxxis in ninth).
Continue Reading![Saudi Aramco to become 100% owner of Arlanxeo](https://www.tyrepress.com/wp-content/uploads/2018/08/arlanxeo.jpg)
Saudi Aramco to become 100% owner of Arlanxeo
An agreement was signed today for the sale of Lanxess’ 50 per cent share in the Arlanxeo joint venture to its partner, Saudi Aramco. Should antitrust authorities approve the transaction, Lanxess will receive approximately 1.4 billion euros in cash after deducting debt and other financial liabilities for its 50 per cent share in the business, which is valued at 3.0 billion euros. Lanxess, which at the end of June 2018 had a net financial debt of 2.6 billion euros, says it plans to use the proceeds to strengthen its financial basis and reduce net financial debt.
Continue Reading![Schaeffler redesigns packaging for all key products](https://www.tyrepress.com/wp-content/uploads/2018/08/Schaeffler-packaging-update.jpg)
Schaeffler redesigns packaging for all key products
Schaeffler has launched a new packaging design. The reworked design is being introduced step-by-step at all Schaeffler Automotive Aftermarket production sites around the world. To highlight component quality, the boxes now feature high-resolution product photos, and the Schaeffler brand logo has been added in a more prominent position. The packaging retains familiar LuK, INA and FAG colour scheme and logos.
Continue Reading![Ecobat to introduce recycling division at Automechanika, Frankfurt](https://www.tyrepress.com/wp-content/uploads/2018/08/ECOBAT-Stand-2.jpg)
Ecobat to introduce recycling division at Automechanika, Frankfurt
Two years on from the official unveiling of its pan-European battery distribution arm, Ecobat Battery Technologies (EBT), the Ecobat group is once again exhibiting at Automechanika Frankfurt.
Continue ReadingUK’s largest online car repair marketplace secures £4m investment
The UK’s largest online car repair marketplace has secured £4 million from investors including Shell Ventures, Sir Trevor Chinn, Active Partners and Venrex Investment Management.
Continue Reading![Pirelli: H1 2018 financial results](https://www.tyrepress.com/wp-content/uploads/2018/08/pirelli-logo.jpg)
Pirelli: H1 2018 financial results
Pirelli & C. SpA has published its financial results for the first half of 2018. The key figures show a 2.0 per cent year-on-year decline in revenues to 2.63 billion euros despite organic growth of 5.5 per cent; adjusted EBIT rose 6.8 per cent to 473.3 million euros and the margin increased from 16.5 per cent (H1 2017) to 18.0 per cent; Net income (before discontinued operations) was up 169.1 per cent to 181.9 million euros.
Continue Reading![Cooper Tire: Sales, income lower in Q2 2018](https://www.tyrepress.com/wp-content/uploads/2018/08/cooper-logos.jpg)
Cooper Tire: Sales, income lower in Q2 2018
The results reported by Cooper Tire & Rubber for the second quarter of 2018 were, says the company’s president and chief executive officer, “in line with our stated expectations.” It therefore came as no great surprise that net sales, operating income and net income were all lower year-on-year in the three months to 30 June 2018.
Continue Reading![ELTA website targets ‘clarity and choice’](https://www.tyrepress.com/wp-content/uploads/2018/08/Screen-with-ELTA-Website.jpg)
ELTA website targets ‘clarity and choice’
ELTA describes its online communication as “absolutely crucial”. So, as it sets its sights on the future during this, the company’s 25th year, it is not just the new PRO brands it has introduced, there is also a new website.
Continue ReadingDouble accolade for Brigade Electronics
Global leader in road safety technology Brigade Electronics has been named on two prestigious business lists.
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