Yokohama raises H1 2017 projections
Yokohama Rubber has revised its projections for interim sales and earnings for the first half of 2017. These latest projections replace those announced on 20 February. The company’s projection for net sales has increased 3.3 per cent to 310.0 billion yen (£2.1 billion), the projection for operating income has been increased 28.6 per cent to 18.0 billion yen (£123.4 million), and the projection for profit attributable to owners has been pushed 46.7 per cent upwards to 11.0 billion yen (£75.4 million).
Continue Reading![The clock is ticking for combustion engines and conventional tyres](https://www.tyrepress.com/wp-content/uploads/2017/07/gas-5-1434872.jpg)
The clock is ticking for combustion engines and conventional tyres
The UK government has decided to ban the sale of both new petrol and new diesel cars from 2040. The goal isn’t as ambitious as Norway’s, which aims to do the same by 2025. India thinks it can do it by 2031. And France is on par with the UK, also aiming to ban sales of new combustion engine-based cars by 2040. However, in the UK at least, electric cars sales currently represent less than 1 per cent of new registrations. Therefore a lot has to happen between now and 2040 for this new rule to become reality. What is clear is that there is now real legislative momentum in favour of electric vehicles in the UK and that this will have an inevitable impact on OE suppliers, and in turn the UK replacement tyre market, especially in three key areas: weight, torque and rolling resistance.
Continue Reading![Michelin: Sales up 7.5% in H1 2017](https://www.tyrepress.com/wp-content/uploads/2017/07/Michelin-H1.jpg)
Michelin: Sales up 7.5% in H1 2017
During the first half of the year, Michelin increased both sales and net income on the back of higher volumes. Net sales were up 7.5 per cent to 11.1 billion euros in the six months to 30 June, and while operating income declined 0.8 per cent year-on-year to 1.4 billion euros (with the margin down 1.1 per cent to 12.6 per cent), the tyre maker described this result as “stable and in line with the Group’s roadmap.” Net income rose 12.2 per cent to 863 million euros.
Continue Reading![Goodyear: 14 new Vector 4Seasons Gen-2 sizes](https://www.tyrepress.com/wp-content/uploads/2017/07/goodyear-4seasons-sml.jpg)
Goodyear: 14 new Vector 4Seasons Gen-2 sizes
According to figures published by the European Tyre and Rubber Manufacturers Association, the all-season segment is the fastest growing in Europe. In response to the increasing popularity of this products, Goodyear is adding a further 14 sizes to its Vector 4Seasons Gen-2 product line.
Continue Reading![Next morning delivery now standard – Klarius partners with AutoLogistiks](https://www.tyrepress.com/wp-content/uploads/2017/07/autologistiks-sml.jpg)
Next morning delivery now standard – Klarius partners with AutoLogistiks
As a result of a new, exclusive partnership deal with AutoLogistiks, Klarius Products Ltd is now able to offer almost all its customers next morning delivery of stock orders. These speeded-up shipments of exhausts, CATs, DPFs, mounting kits and other products will arrive at customers courtesy of AutoLogistiks’ dedicated UK fleet of Mercedes Crafter and Sprinter vans, allowing distributors to fulfil orders the same day.
Continue Reading![Michelin: €20.6 million saved through employee ideas](https://www.tyrepress.com/wp-content/uploads/2017/07/progressive-ideas.jpg)
Michelin: €20.6 million saved through employee ideas
During the course of 2016, the workforce at Michelin submitted almost 60,000 ideas and suggestions to an online portal the tyre maker runs for this purpose. From these suggestions entered into the Progressive Ideas project’s ‘InnovaGO’ platform, Michelin states that 26,519 were “made a reality” and some 3,400 were “specially evaluated.” This final group of submissions is said to have led to net savings of 20.6 million euros.
Continue ReadingGoodyear names Maureen Thune as chief procurement officer
The Goodyear Tire & Rubber Company has appointed Maureen Thune as its chief procurement officer, succeeding Mark Purtilar who is retiring from the company.
Continue ReadingKumho Tire proposal ‘tentatively’ accepted
Although it’s probably too early for champagne corks to pop, progress has been made in the Kumho Tire shareholding negotiations. Yonhap News Agency writes that the tyre maker’s creditors have “tentatively agreed to accept original proposals” made by Kumho Asiana, adding that this may pave the way for creditors to complete the sale of the 42.01 per cent shareholding to Qingdao Doublestar Tire.
Continue ReadingTVS Srichakra CFO resigns
Indian tyre maker TVS Srichakra Ltd. has reported the resignation of its chief financial officer. K P Rangaraj relinquished this position at the close of office hours on 24 July.
Continue Reading![Michelin European distribution centre launch ‘Dawning of a new era’ in Stoke](https://www.tyrepress.com/wp-content/uploads/2017/07/Page-7-Photography-Michelin-Factory-1-57-4.jpg)
Michelin European distribution centre launch ‘Dawning of a new era’ in Stoke
Michelin has updated local dignitaries, staff and business partners on its multi-million pound investment plans in Stoke-on-Trent. Proceedings were opened by Mike Lawton, head of communications at Michelin Northern Europe, who described what was announced in the “investing in the future” presentation as the “dawning of a new era”, before head of Michelin Northern Region John Young spoke of the “amazing” relational, business footprint and heritage of the site. To put recent changes into a single figure, productivity across the site has reportedly increased 35 per cent in the last five years.
Continue ReadingMichelin switches media account to Havas
Havas Media has been awarded Michelin’s global media account, and takes over from long-time partner MEC this month. The agency threw its hat into the ring to gain the account earlier this year, and will take on responsibility for media planning and buying duties in all major markets.
Continue Reading![Curiouser and curiouser – ‘Alice’ theme for Pirelli Calendar](https://www.tyrepress.com/wp-content/uploads/2017/07/pirelli-cal-sml.jpg)
Curiouser and curiouser – ‘Alice’ theme for Pirelli Calendar
In his 1865 classic, Lewis Carroll wrote that “imagination is the only weapon in the war against reality.” Tim Walker used this weapon to nice effect when shooting next year’s Pirelli Calendar, and in images released ahead of the creation’s official launch later this year, the London-based photographer invites us down the rabbit hole into a surreal world of dreams drawn from Alice’s Adventures in Wonderland.
Continue Reading![Alliance name comes to Chelsea FC sleeve ahead of car tyre range’s European launch](https://www.tyrepress.com/wp-content/uploads/2017/07/alliance-chelsea.jpg)
Alliance name comes to Chelsea FC sleeve ahead of car tyre range’s European launch
In addition to its current shirt sponsorship with Chelsea Football Club, Yokohama Rubber has gained jersey sleeve sponsorship for the 2017-18 season. In addition to the Yokohama Tyres logo prominently featured across the chest of the Chelsea FC jersey these past two seasons, the new jerseys worn by players during Premier League, FA Cup and Carabao Cup matches will feature the logo of the company’s recently-acquired Alliance Tyres brand on the jersey’s left sleeve. The new jersey made its debut at Chelsea’s pre-season match with Arsenal at the ‘Bird’s Nest’ in Beijing, China on 22 July.
Continue ReadingMichelin completes NexTraq acquisition
Former Fleetcor Technologies business NexTraq is now a wholly-owned subsidiary of Michelin North America following the completion of its all-cash acquisition.
Continue ReadingTitan International announces price increase
Prices for Titan agricultural, industrial and construction tyres made and sold in North America will rise by around five per cent as of 1 September. Titan International says the exact amount prices will increase depends on product segment.
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