![Ceat Q1 2024 financial results](https://www.tyrepress.com/wp-content/uploads/2023/07/Ceat-Q1-2024.jpg)
Ceat Q1 2024 financial results
Ceat Limited has announced its unaudited results for the first quarter of its 2024 financial year, the three months ending on 30 June 2023. Consolidated revenue is up 4.1% YoY, to Rs 29.35 billion (£277.7 million), with an EBITA margin of 13.1%.
Continue Reading![‘Significant increase’ in Prinx Chengshan sales](https://www.tyrepress.com/wp-content/uploads/2023/07/p-chengshan.jpg)
‘Significant increase’ in Prinx Chengshan sales
Prinx Chengshan announced its operating conditions in the first half of 2023. The tyre company said that its net profit in the first half of the year was between 285 million yuan (about £31 million; €36 million) and 333 million yuan (about £36 million; €42 million), an increase of about 80-110 per cent over the same period in 2022.
Continue Reading![Goodyear appoints 3 Elliott-approved directors, begins operational review](https://www.tyrepress.com/wp-content/uploads/2023/07/goodyear-logo-1.jpg)
Goodyear appoints 3 Elliott-approved directors, begins operational review
The open letter that Elliott Investment Management L.P. sent to The Goodyear Tire & Rubber Company on 11 May 2023 was met with a promise to review the shareholder’s recommendations, which included the initiation of an operational review and the appointment of “five new highly qualified independent directors.” While Goodyear hasn’t met this wish list in its entirety, today the company announced three additions to its Board of Directors in connection with a cooperation agreement with Elliott.
Continue Reading![Days numbered for Asahi Kasei Cord](https://www.tyrepress.com/wp-content/uploads/2020/10/tlo_biz83a-scaled-e1602237521703.jpg)
Days numbered for Asahi Kasei Cord
Asahi Kasei has decided to discontinue its Asahi Kasei Cord Co., Ltd. business and liquidate the company. Around 70 people currently work for the Hyuga, Japan-based operation, where production is scheduled to cease by or on 31 March 2024. The plant will close a year later.
Continue Reading![Broadcaster Arte releases documentary “Sophie Rollet Takes On Goodyear”](https://www.tyrepress.com/wp-content/uploads/2023/07/Arte-Sophie-Rollet-takes-on-Goodyear.jpg)
Broadcaster Arte releases documentary “Sophie Rollet Takes On Goodyear”
Earlier this month, European broadcaster Arte screened a documentary about a series of accidents involving heavy trucks. Titled ‘Sophie Rollet Takes On Goodyear’, the French documentary looks at the possible connection between these accidents and tyre failure. It is available to watch with English subtitles in the Arte archive.
Continue Reading![Silver screen role for Pirelli in Brad Pitt F1 film](https://www.tyrepress.com/wp-content/uploads/2023/07/Pirelli-F1-film-scaled.jpg)
Silver screen role for Pirelli in Brad Pitt F1 film
Pirelli is one of the partners in the FIA Formula 1 World Championship film to be produced by Jerry Bruckheimer Films of Jerry Bruckheimer and Chad Oman in collaboration with F1 Group and seven-time world champion Lewis Hamilton.
Continue Reading![A penny earned – Nokian Tyres returns to the black in Q2 2023](https://www.tyrepress.com/wp-content/uploads/2023/07/Nokian-Romania-sml.jpg)
A penny earned – Nokian Tyres returns to the black in Q2 2023
In spite of a steep year-on-year drop in operating profit during Q2 2023, Nokian Tyres believes it has made significant progress towards rebuilding the company following the decision to cut its ties with Russia. It expects a stronger second half to 2023 due to winter and all-season tyre sales and the contribution made by contract manufacturing.
Continue Reading![Pirelli brings forwards BoD meeting](https://www.tyrepress.com/wp-content/uploads/2023/05/Pirelli-F1-placeholder.jpg)
Pirelli brings forwards BoD meeting
Pirelli & C. SpA has announced that the Board of Directors meeting to review its financial report for the six months to 30 June 2023 will now take place on Thursday 27 July 2023 and not on 3 August 2023, as previously scheduled.
Continue Reading![Hankook sponsoring Warwickshire & Northamptonshire Air Ambulance open day](https://www.tyrepress.com/wp-content/uploads/2023/07/20230711_UK_AirAmbulance_01-sml.jpg)
Hankook sponsoring Warwickshire & Northamptonshire Air Ambulance open day
Hankook Tyre UK is sponsoring the Open Day that will take place on Friday 4 August to celebrate 20 years of the Warwickshire and Northamptonshire Air Ambulance. Entry to the event at Chester House Estate in Northamptonshire is free and it will feature stalls, activities, music and entertainment as well as a chance to get better acquainted with the service’s helicopter, provided it isn’t called out on mission.
Continue Reading![Pelmar Engineering founder celebrates 80th and considers six decades in business](https://www.tyrepress.com/wp-content/uploads/2023/07/IMG-20230212-WA0082-e1689856142501.jpg)
Pelmar Engineering founder celebrates 80th and considers six decades in business
Pelmar Engineering Group describes itself as “a worldwide supplier of modern equipment solutions for the rubber and tyre industry”, a very specialist niche market in which the company has grown into a leadership position. But that reputation has been six decades in the making. Shortly after he celebrated his 80th birthday, as company founder and chairman Jacob Peled considers changing gear away from his hands-on role within the family business, Tyres & Accessories found out more about Pelmar’s history and ongoing legacy.
Continue Reading![Retreading & recycling focus at The Tire Cologne 2024](https://www.tyrepress.com/wp-content/uploads/2023/07/Tire-Cologne-2024-sml.jpg)
Retreading & recycling focus at The Tire Cologne 2024
The organiser of The Tire Cologne 2024 promises to pay even more attention to the circular economy at next year’s show, with tyre retreading and recycling now “concentrated in a centrally located themed area.” The tyre industry exhibition returns to Cologne, Germany between 4 and 6 June 2024.
Continue Reading![Kumho Tire launches EV tyre ad campaign](https://www.tyrepress.com/wp-content/uploads/2023/07/Kumho-EV-Partner.jpg)
Kumho Tire launches EV tyre ad campaign
This month, Kumho Tire begins a global advertising campaign to promote its tyres for electric vehicles. The ‘Your EV Partner, Kumho Tire’ campaign will feature on online streaming services and various social media, including Kumho’s own ‘Ecsta TV’ YouTube channel.
Continue Reading![40 years of Falken tyres](https://www.tyrepress.com/wp-content/uploads/2023/07/Falken-40-Years.jpg)
40 years of Falken tyres
The Falken tyre brand celebrates its 40th anniversary this year and Falken Tyre Europe has marked the milestone at an event not far from its headquarters in Offenbach am Main, Germany. For the company, the anniversary is also an opportunity to look back on the past four decades.
Continue Reading![Cyber security and the tyre business](https://www.tyrepress.com/wp-content/uploads/2023/07/jefferson-santos-9SoCnyQmkzI-unsplash-scaled.jpg)
Cyber security and the tyre business
For many, security is all about cash-management, stock-handling and making sure the premises are locked at the end of the day. In addition, tyre businesses have had to get more savvy over the years to avoid fraudulent orders. Now, with everything from phones, tills and even tyres themselves transmitting and receiving data, cyber security is the order of the day. There are lots of different sides to cyber security, so let’s start with some of the most recent most relevant examples to the tyre business. This article is an example of the editorial comment that introduces every edition of Tyres & Accessories magazine. Not a subscriber? No problem, click here to become one.
Continue Reading![Prometeon outlines new 2030 targets in latest sustainability report](https://www.tyrepress.com/wp-content/uploads/2023/07/Prometeon-Sustainablity-Report-sml.jpg)
Prometeon outlines new 2030 targets in latest sustainability report
In its Sustainability Report for 2022, Prometeon Tyre Group shares that it has ratified the previously set green policy at a global level across the entire value chain, from production to sales. What’s more, the company says the report covers “new challenging targets” for reducing environmental impact by 2030.
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