![IMHX an opportunity to present Marangoni’s ‘Hard Workers’](https://www.tyrepress.com/wp-content/uploads/2016/10/Marangoni-Industrial-Tyres-IMHX-2016.jpg)
IMHX an opportunity to present Marangoni’s ‘Hard Workers’
The Marangoni Group was represented by its Industrial Tyre business unit at the IMHX 2016 show in Birmingham last month, and the company states that exhibiting at the logistics trade fair was “critical for the Marangoni Group to pursue further growth in the British market and areas of influence.”
Continue Reading![Virtual Warehousing ‘the shape of things to come for auto aftermarket’ – Klarius](https://www.tyrepress.com/wp-content/uploads/2016/10/klarius-vwarehouse.jpg)
Virtual Warehousing ‘the shape of things to come for auto aftermarket’ – Klarius
As owner and operator of the largest dedicated automotive stock holding and distribution centre for automotive emission control products in Europe, Klarius has embraced virtual warehousing as a route to efficient stock management. Charles Greaves has been managing director at the Staffordshire HQ for several years and shares his first-hand experience with the benefits of the system.
Continue Reading![Pirelli on track for a 2018 IPO](https://www.tyrepress.com/wp-content/uploads/2016/03/Introducing-the-team.jpg)
Pirelli on track for a 2018 IPO
On 19 October the board of directors of Pirelli & C. S.p.A. met in Milan to discuss the integration of Pirelli Industrial and Aeolus, along with plans for a 2018 IPO, a year earlier than expected. As a result of the meeting the board, approved the firm’s 2016-2018 industrial plan, including its vision up to 2020 for Pirelli consumer.
Continue ReadingMichelin net sales lower in Q3 2016
Although unit volumes for Michelin tyres were 1.4 per cent higher in the first nine months of 2016 thanks to strong sales in the passenger car tyre segment, the French manufacturer reports that momentum slowed during the third quarter of the year. Demand for car, light commercial and truck tyres was flat to slightly down in mature markets and mixed in emerging markets. Net sales for the quarter amounted to €5.18 billion, 2.5 per cent lower than a year earlier.
Continue Reading![Gold for Vredestein #ROCKTHEROAD video](https://www.tyrepress.com/wp-content/uploads/2016/10/hardwell-award-sml.jpg)
Gold for Vredestein #ROCKTHEROAD video
Dutch electronic music artist DJ Hardwell comes across as an unlikely bedfellow for a tyre manufacturer, however his association with Apollo Vredestein has proven golden. The ‘Run Wild’ music video by DJ Hardwell, part of Vredestein’s #ROCKTHEROAD promotional campaign, has been presented with a Golden Dolphin in the Integrated Communication category at the Cannes Corporate Media & TV Awards 2016. Facing competition from over 1,000 submissions and 177 selected productions, Vredestein was awarded the Golden Dolphin at a ceremony held in Palm Beach, Cannes last night.
Continue ReadingHankook Tire not bidding for Kumho Tire share
Speculation is rife in South Korea regarding who’ll acquire the 42.1 per cent shareholding in Kumho Tire that is currently up for sale. Pirelli parent company ChemChina has already been named as a prospective buyer, as have Continental and Michelin. One tyre company can, however, be ruled out as a new Kumho Tire shareholder.
Continue ReadingWill rent price discord torpedo A.T.U. acquisition?
Late last month it seemed the planned acquisition of A.T.U. by France’s Mobivia would deliver “synergies and interesting development opportunities” for the German tyre and car maintenance chain, however it now appears this appraisal was slightly optimistic. According to information appearing in German publication ‘Manager Magazin’, a major hurdle still stands in the way of the proposed deal’s completion.
Continue Reading![European aspiration – Ecobat preparing for swift expansion of battery business](https://www.tyrepress.com/wp-content/uploads/2016/10/ecobat.jpg)
European aspiration – Ecobat preparing for swift expansion of battery business
Manchester Batteries has come a long way since Harry Pemberton started the business in 1952. Now known as Manbat Ltd., the firm is a leading supplier of automotive and industrial batteries in the UK, and since 2009 has been a part of the Ecobat Technologies group, the world’s largest producer and recycler of lead. In order to extend the strong position Manbat has built up in Britain, Ecobat has consolidated it into a new company, Ecobat Battery Technologies. The new firm was officially launched last month at Automechanika Frankfurt and at IMHX 2016 in Birmingham.
Continue Reading![Hankook intensifying cooperation with Schmitz Cargobull](https://www.tyrepress.com/wp-content/uploads/2016/10/Hankook-Schmitz-sml.jpg)
Hankook intensifying cooperation with Schmitz Cargobull
Schmitz Cargobull trailers have rolled out the factory on Hankook-supplied tyres since 2013, and the two companies began collaborating in full-service business early last year after signing a further agreement covering the European market. During the IAA Commercial Vehicles show in Germany last month, Hankook Tire and Schmitz Cargobull signed a new agreement that extends their cooperation until 2019.
Continue ReadingUpdate: Bridgestone to boost radial aircraft tyre capacity
Bridgestone recently announced its intention to increase capacity for radial aircraft tyre production at its Kurume plant in Japan. The company has now amended the statement it released on 17 October, changing the investment amount; rather than investing US$2.1 billion in the project as previously reported, Bridgestone states that the actual investment figure is 2.1 billion yen (£16.5 million).
Continue Reading![MEA office the next step in global expansion, says Magna Tyres](https://www.tyrepress.com/wp-content/uploads/2016/10/magna-office.jpg)
MEA office the next step in global expansion, says Magna Tyres
Magna Tyres Group has opened a new office to serve the Middle East and Africa regions. The office is based in Ras Al Khaimah, in the United Arab Emirates, and its set-up follows last month’s appointment of Vijay Nambiar as the office’s general manager. Magna Tyres views the new office as the next step in the company’s “worldwide expansion.”
Continue Reading![Pirelli renews Corimav partnership with University of Milano-Bicocca](https://www.tyrepress.com/wp-content/uploads/2016/10/PTNA_MTP-Corimav_10.14.jpg)
Pirelli renews Corimav partnership with University of Milano-Bicocca
One patent deposited every year, 44 student scholarships and 36 doctoral scholarships, all in the arena of research into advanced innovative materials: This is the fruit of the Corimav partnership created in 2001 as a joint venture between Pirelli and the University of Milano-Bicocca. The partnership was recently renewed at an event attended by Pirelli chief executive officer Marco Tronchetti Provera and Cristina Messa, the university’s rector.
Continue Reading![Bayern Munich & Goodyear go ‘the extra mile’ in new video](https://www.tyrepress.com/wp-content/uploads/2016/10/extra-mile.png)
Bayern Munich & Goodyear go ‘the extra mile’ in new video
Goodyear has released a short video featuring its sponsorship partner FC Bayern Munich. Titled ‘The Extra Mile’, the video features some of the club’s key players and underlines the two brands’ common motto: “To become the best, you have to go the extra mile”.
Continue ReadingContinental reduces 2016 outlook
As a result of “the recent combined occurrence of isolated unrelated events” affecting three divisions within its Automotive Group, Continental has reduced its outlook for the 2016 financial year. The three Automotive divisions’ adjusted EBIT for the current year has been lowered by around €480 million, with the Automotive Group’s adjusted EBIT margin decreasing from more than 8.5 per cent to over 6.5 per cent. Continental’s overall adjusted EBIT margin is now expected to be over 10.5 per cent this year, rather than over 11.0 per cent.
Continue Reading![Technodome – Hankook Tire opens new R&D centre in Korea](https://www.tyrepress.com/wp-content/uploads/2016/10/technodome.jpg)
Technodome – Hankook Tire opens new R&D centre in Korea
The official opening of the ‘Hankook Technodome’ took place today. The tyre maker’s new central research and development centre is located in Daejeon, South Korea, not far from its existing (and still operational) R&D centre, and is described by the company as “an embodiment of Hankook Tire’s strong commitment in R&D innovation” and a “core instrument” of Hankook’s global R&D infrastructure.
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