Bridgestone sales, income rise in H1 2015
Bridgestone Corporation has reported a net sales of ¥1,855.4 billion (£9.5 billion) for the first half of 2015, a 6.0 per cent year-on-year increase. Operating income rose 6.6 per cent to ¥237.7 billion (£1.2 billion) and the operating margin nudged up from 12.7 per cent to 12.8 per cent. Net income rose 1.7 per cent to ¥144.6 billion (£711.1 million).
Continue ReadingOperating profit up in Q2 as Cooper Tire benefits from raw material prices
Cooper Tire & Rubber blames the absence of Cooper Chengshan Tire (CCT) from the company’s books for the 15.4 per cent year-on-year drop in sales experienced during the second quarter of 2015. Excluding the impact of CCT, Cooper Tire & Rubber’s second quarter 2015 sales rose five per cent year-on-year as a result of $64 million worth of higher unit volume gained both in the Americas and International business units.
Continue ReadingGoodyear and the London School of Economics partner on road safety research
Goodyear and the London School of Economics and Political Science (LSE) are cooperating on road user behaviour research. The project, managed by LSE Consulting, is designed to contribute to the road safety debate in Europe with unique empirical insights. “Current road safety research is largely focused upon how drivers use their vehicles within a physical, […]
Continue ReadingLanxess preparing tyre, rubber business units for partnership
Specialty chemicals manufacturer Lanxess states it has initiated a carve-out process to transfer its rubber business to a legally independent business entity within the Lanxess Group. The plan is for the new entity to include the company’s Tire & Specialty Rubbers (TSR) and High Performance Elastomers (HPE) business units, which together operate 20 production facilities and have some 3,700 employees.
Continue Reading![Putting ‘Pirelli logo’ on phones no smart decision – Huawei loses lawsuit](https://www.tyrepress.com/wp-content/uploads/2015/08/p8-sml.jpg)
Putting ‘Pirelli logo’ on phones no smart decision – Huawei loses lawsuit
Tyre maker Pirelli has won its trademark infringement lawsuit against Huawei. A Turin court (Tribunale di Torino) ruled that although the Chinese mobile phone manufacturer may still launch an upcoming product under the ‘P8’ name, the company will no longer be able to use a logo that Pirelli claims too closely resembles its trademarked ‘elongated P’ logo.
Continue Reading![Michelin appoints Guy Heywood as UK head](https://www.tyrepress.com/wp-content/uploads/import/GuyHeywood_749100439.jpg)
Michelin appoints Guy Heywood as UK head
Michelin’s UK’s Guy Heywood, has been appointed as commercial director for the well-known tyremaker in the UK and Republic of Ireland. Heywood has been commercial director Truck – UK & ROI since since 2012.
Continue Reading![Cooper Tire releases global sustainability report](https://www.tyrepress.com/wp-content/uploads/2015/08/cooper-sustainability.jpg)
Cooper Tire releases global sustainability report
The third annual Cooper Tire & Rubber corporate social responsibility and sustainability report was published today. This year’s document is titled ‘Responsibility the Cooper Way’.
Continue ReadingJK Tyre calls for tariffs on Chinese tyres, release quarter results
The latest quarter figures for JK Tyre & Industries were released along with a challenge for India’s government to impose tariffs upon tyres imported from China. Company chairman and managing director Dr Raghupati Singhania stated on 4 August that the “menace” posed by the “dumping of Chinese tyres” continues “unabated”. He added that “urgent steps are required to impose [an] anti-dumping duty to ensure a level playing field in the marketplace.”
Continue Reading![Bridgestone tyres OE on Mercedes GLC SUV](https://www.tyrepress.com/wp-content/uploads/2015/08/15C448_219-e1438768786166.jpg)
Bridgestone tyres OE on Mercedes GLC SUV
Bridgestone tyres have been selected by Daimler for the 2015 worldwide launch of the second-generation Mercedes-Benz GLC SUV. The luxury mid-sized SUV is factory fitted with Dueler H/P Sport tyres in four sizes across the model range.
Continue ReadingPirelli and ChemChina agree closing date, triggering mandatory tender offer
CNRC (ChemChina), Camfin and its shareholders have announced that all the necessary antitrust and regulatory approvals for ChemChina’s purchase of the majority of Pirelli (as announced on 22 March 2015) have been obtained. Therefore the aforementioned parties have agreed to complete the transaction on 11 August 2015. As a result, the pre-announced mandatory tender offer for the remaining shares (at 15 euros each) will be triggered.
Continue ReadingContinental lifts 2015 earnings forecast following H1 ‘success’
All key financial figures headed in the right direction during the first half of this year, and therefore tyre maker and automotive industry supplier Continental AG has upwardly revised its adjusted EBIT margin and free cash flow forecast for the full year.
Continue Reading![Toyo Tire sponsoring Russian football club FC Zenit](https://www.tyrepress.com/wp-content/uploads/2015/08/rus-football.jpg)
Toyo Tire sponsoring Russian football club FC Zenit
Toyo Tire & Rubber’s tyre sales subsidiary in Russia has concluded a sponsorship agreement with Russian Premier League football club FC Zenit Saint Petersburg (ф.К. Зенит). Toyo Tire Rus LLC will sponsor the team for three seasons, with the contract running from August 2015 to July 2018.
Continue Reading![Bridgestone a VW Group Award recipient](https://www.tyrepress.com/wp-content/uploads/2015/08/Bridgestone-Corporation.jpg)
Bridgestone a VW Group Award recipient
Bridgestone Corporation has received a 2015 VW Group Award in recognition of its status as one of the Volkswagen Group’s best suppliers. The VW Group bestows this award upon a small number of international suppliers that excel in innovative capabilities and reliability.
Continue Reading![Brake Engineering’s new look takes to the road](https://www.tyrepress.com/wp-content/uploads/2015/08/Brake-Engineering-range1.jpg)
Brake Engineering’s new look takes to the road
Brake Engineering is planning a major brand refresh and has signed up to a number of events to ensure the trade takes full advantage. Commencing the beginning of October, Brake Engineering is exhibiting at the Groupauto Trade Show, Mechanex Donington, AutoTrade Expo (Dublin) and Mechanex Sandown Park, alongside its attendance at the IAAF Annual Conference and Awards Dinner in December.
Continue ReadingCenex picks Chargemaster to run electric vehicle plug-in network
Cenex, the Loughborough-based Centre of Excellence for Low Carbon and Fuel Cell Technologies, has chosen Chargemaster, the largest UK supplier and operator of chargepoints, to run the Plugged-in Midlands Network (PiM) following a competitive selection process.
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