Petlas launches new product website
A new Petlas product website is now live. Petlas says its upgraded online presence provides users with a “significantly enhanced mobile experience,” ensuring faster access and a more intuitive interface. The site functions as an online catalogue, offering distributors, business partners, and customers quick and easy access to detailed information about Petlas tyres.
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Wheel Solutions & Sumec collaborate on caravan wheel technology with Flow Form
Wheel Solutions has announced a significant advancement in caravan wheel technology with the development of new alloy wheels using Flow Form Technology. This innovation combines traditional low-pressure die-cast aluminium wheel elements with the strength of forged wheels.
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Nokian Tyres: Q2 2024 financial results
Nokian Tyres achieved higher sales in the first half of 2024 but continued to struggle with lower operating profit. The company nonetheless looks forward to capitalising on expected higher tyre sell-in later in the year and anticipates “strong profits”.
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Hankook subsidiary partnering on AR development
Hankook Tire & Technology’s tyre plants in Geumsan, South Korea, and Tennessee, USA are currently home to field tests of augmented reality technology developed by Hankook & Company subsidiary Model Solution. The total hardware platform company now aims to extend its competencies through an agreement signed with an artificial intelligence (AI) and extended reality (XR) technology company Virnect. This will see the two partners collaborating to research and develop smart goggles at Model Solution’s facility in Bucheon, South Korea.
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CasingManager app strengthens ContiLifeCycle offer
Continental has upgraded its casing management service with the introduction of the CasingManager app (CMA) and is piloting it in Germany ahead of a Europe-wide rollout. This app enables retailers to register casings swiftly and facilitates the digital management of the collection process, rendering manual recording methods and incorrect entries obsolete. The app also automates the collection of casings by the designated service provider.
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SRI collaborating on innovative cancer therapy project
Sumitomo Rubber Industries, Ltd. is partnering with leading experts in Japan on a significant project unrelated to tyres but with substantial societal benefits. Together, they are working on developing a new cancer therapy using a cancer cell absorption kit that employs a unique polymer developed by Sumitomo Rubber.
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Ceat Q1 24-25 results: Strong growth despite margin pressures
Indian tyre maker Ceat Limited has released its unaudited financial results for Q1 2024-25, the quarter ending 30 June 2024. The RPG Group company reports reaching Rs. 31,928.0 million (£294.06 million), with an EBITDA margin of 12.2 per cent, marking a contraction of 124 basis points compared to Q4 FY23-24. Net profit for the quarter stood at Rs. 1,542.0 million (£14.20 million).
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Kumho Tire enhances profile through Eintracht Frankfurt partnership
Korean tyre manufacturer Kumho Tire has entered into a three-year strategic partnership with German football club Eintracht Frankfurt. This collaboration aims to bolster Kumho Tires visibility and brand image, encompassing advertising within the stadium, hospitality packages, and collaborative social media initiatives. In addition to supporting the mens team, Kumho Tire will also back the Esports team, with joint campaigns planned alongside EintrachtTech.
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New owners to relaunch Birla Tyres by 2025
One of the owners of Birla Tyres says that the Indian tyre maker will soon make a market comeback with a new range of products. Anurag Choudhary, chief managing director and chief executive officer of Himadri Specialty Chemical Ltd, told the Times of India that Birla Tyres will relaunch by 2025 and offer a product portfolio that includes OTR tyres as well as both cross-ply and radial products.
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Continental secures additional warehouse space for Romania tyre plant
Continental has taken possession of an additional 20,000 square metres of warehouse space for tyre storage near its Timisoara factory in Romania. The warehouse facility is located in the VGP Park Timisoara and has a total area of almost 32,800 square metres.
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Sentury’s first-half net profit almost doubles year-on-year
Sentury expects its profit in the first half of 2024 to be between 1 billion and 1.2 billion yuan. Sentury’s net profit increase is fantastic compared to last year’s period. The company’s net profit from January to June 2023 was 606 million yuan. Even if calculated at 1 billion yuan, Sentury’s net profit increased by nearly 65 per cent yearly. If calculated at 1.2 billion yuan, Sentury’s net profit almost doubled.
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Continental changes head of China
Tyrepress China learned that Continental adjusted its management in China in July. Tang Mingyou, sales director of its China company, replaced Veronique Giraud as general manager. Veronique Giraud became general manager of Continental France.
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Serbia factory helps Linglong increase net profit
Linglong expects that in the first half of 2024, after deducting non-recurring gains and losses, the net profit attributable to shareholders of the listed company will be 840 million to 990 million yuan. This figure has significantly increased compared with 499 million yuan in 2023.
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Nexen Tire achieves Ecovadis Gold Medal amongst ESG achievements
On 1 July 2024, Nexen Tire published its 23/24 ESG Report including the detail that it recently earned a Gold Medal from EcoVadis, the global ESG rating agency. EcoVadis is the worlds largest ESG ratings platform used by more than 130,000 companies in 180 countries around the world.
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Sweden’s JJ’s Däck now a Colmec business
Colmec is further expanding its operations in Sweden through the acquisition of JJs Däck, a Falkenberg-based business that specialises in tyre sales, servicing, tyre changes, and tyre storage. With extensive experience and a high level of expertise among its staff, JJ’s Däck has firmly established itself as a trusted supplier, primarily serving private customers.
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