Apollo Tyres – steady revenue growth amid challenging conditions in H1 FY25
Apollo Tyres Ltd has reported modest revenue growth for the first half of the financial year that ends 31 March 2025 (FY25), reflecting strong replacement segment performance in India and a robust passenger vehicle segment contribution in Europe. The company’s performance reflects a mixed landscape, with supply chain costs and inflationary pressures continuing to affect profitability, particularly in India, its largest market.
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More tyres, more premium – Bridgestone investing in India
An investment of approximately US$85 million will increase production capacity for Bridgestone tyres in India and facilitate the development of products customised for the local market. Bridgestone Corporation’s Bridgestone India Private Ltd. (BSID) subsidiary will implement the investment at its Pune and Indore sites, with work commencing early next year.
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Cimcorp names Veli-Matti Hakala as new CEO
In light of the retirement of Cimcorp’s current CEO, Tero Peltomäki, the industrial automation specialist has announced that Veli-Matti Hakala will take over effective 1 January 2025. With over 25 years of experience in industry and technology, Veli-Matti Hakala first joined Cimcorp in 2016. During that time he has held diverse roles in the company from sales to management and last year became executive vice president.
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Yokohama Rubber closing Israel OHT plant
After more than seven decades in operation, the Yokohama Rubber Co. Ltd. (YRC) plant in Hadera, Israel will stop producing tyres by the end of this year. The tyre maker announced today that it will cease operations at the former Alliance Tire Group (ATG) facility as it is becoming increasingly uncompetitive against plants in the Asia region.
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Linglong OE tyres on ‘world’s most powerful hybrid drive tractor’
Lingong Agricultural Machinery from Linyi, China, has chosen Linglong’s 650/85 R38 agricultural tyres for its new 9E Series (ECVT) tractor. With a power output exceeding 600 HP, this is reportedly the strongest hybrid drive agricultural tractor currently on the market.
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Nexen Tire hosts further InnoForums across Europe
Nexen has hosted its 7th InnoForum for one of the biggest Polish tyre dealers. This event took place at the tyremaker’s plant in the Czech Republic. The company plans to hold two more Nexen InnoForums across Europe this year. Nexen started this format of dealer conference in March 2024.
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Remember This? – November 2024
Our monthly magazine column looks back at the biggest news events from the tyre industry five, 10, 15 and 20 years ago. This months edition looks back to November issues from 2004, 2009, 2014, and 2019 for some of the biggest tyre industry news of those months. Click the month and year to access the digital edition of the relevant issue of the magazine from Tyres & Accessories’ expanding digital archive.
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Tyre News in Numbers November 2024
Tyres & Accessories’ monthly News in Numbers column identifies the most important statistics of the month, giving you a quick snapshot of some major industry stories. Below, we look at the numbers, big and small, that made the news in the November 2024 magazine. Click the embedded links to read more on each article... 3% - The year-on-year growth in consumer (passenger car and light truck), agricultural and powered two-wheeler tyre units sold in the EU27+UK bloc by European Tyre and Rubber Manufacturers’ Association (ETRMA) members in the first nine months of 2024 versus the same period in 2023…
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Tyres & Accessories Magazine November 2024 issue available to read or download
In the November 2024 issue of Tyres & Accessories, now available as an e-paper for Tyrepress subscribers, we take a look at the 4x4/SUV tyre segment and the garage equipment sector. Also featuring the latest news and analysis from the international tyre business, this issue includes a special focus on the UK, with a report from the NTDA Tyre Industry Conference 2024 and the winners of this years Tyre Industry Awards. Non-subscribers can gain access to Tyrepress with a print or online subscription. Tyre professionals can take advantage of the current Tyrepress Membership offer, helping to drive business online and stay informed with the industry’s leading magazine and websites.
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Garage Hive launches dedicated ‘Refinement’ page to reinforce user input
Community-driven garage management system Garage Hive has launched a new ‘Refinement’ page on its ‘Ideas’ portal. The page is designed to gather feedback on existing features, allowing users to suggest adjustments that address practical improvements to daily workflow. The company said the move reinforces its “commitment to workshop-driven innovation.”
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GKN Automotive awarded EcoVadis Gold rating for sustainability progress
Drive systems supplier GKN Automotive has been awarded an EcoVadis Gold rating for sustainability. The rating means the company has completed its third successive year of upgraded ratings from the independent sustainability rankings organisation; it was awarded a Silver rating in 2023 and a Bronze rating in 2022. The Gold rating means GKN Automotive are ranked in the top 1 per cent of participants in its category, and the top 5 per cent of participants overall.
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Pirelli continues ‘Box Box Box’ Formula 1 vodcast with third episode
Pirelli has debuted the third in its series of six Formula One vodcasts, featuring the biggest names in the series and presenter Tom Clarkson. The episode, entitled ‘Commitment’, features Charles Leclerc talking about the opportunity to go head-to-head with Lewis Hamilton on equal terms as team-mates at Ferrari in the 2025 season. The episode also features interviews with Mohammed Ben Sulayem, president of the FIA (International Automobile Federation), and Pirelli director of motorsport, Mario Isola.
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Bridgestone Mobility Solutions – TCO & sustainability driving integrated contracts
Although tyres account for only 2 to 4% of total fleet costs, they play a disproportionately large role in influencing other expenses, affecting fuel consumption, vehicle maintenance, and even safety. All these factors contribute to total cost of ownership, but by prioritising effective tyre management, fleet operators can significantly reduce fuel costs, decrease maintenance requirements, and maximise vehicle uptime. For Bridgestone, the provision of tailored solutions that help fleets optimise their cost structures is a business of growing significance.
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SRI reports strong business profit growth amid global challenges
Sumitomo Rubber Industries, Ltd. (SRI) has announced its financial results for the nine months ending 30 September 2024, showcasing moderate revenue growth and a significant increase in business profit, despite ongoing challenges in the global economic landscape and sluggish tyre sales in key markets.
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Hankook Tyre UK wins Industry Marketing Campaign of the Year Award for second consecutive year
Hankook Tyre UK was awarded the NTDAs Industry Marketing Campaign of the Year award for its ‘Hankook Big Winter Giveaway’ consumer promotion, featuring a £20,000 Virgin holiday voucher. Hankook’s primary objective of the promotion was to increase brand awareness, focusing on delivering a variety of paid and organic marketing methods across its social channels and radio advertising to reach as many UK drivers as often as possible. The four-week promotional campaign consisted of twenty-five daily prizes of a £50 Virgin Gift Card and a final main prize of a £20,000 Virgin holiday voucher. Anyone was eligible to enter the prize draw, subject to the usual T&Cs; all they had to do was visit the Hankook.win website and enter their contact details.
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