![Liqui Moly names Dr Uli Weller as joint MD](https://www.tyrepress.com/wp-content/uploads/2022/11/Weller_Hiermaier-scaled.jpg)
Liqui Moly names Dr Uli Weller as joint MD
Liqui Moly’s long-standing commercial director, Dr. Uli Weller, has been appointed joint managing director of the company, alongside Günter Hiermaier. Dr Weller will become the second managing director of the group of companies at the start of 2023.
Continue Reading![European Commission: Tariffs won’t be ‘levied’ during ongoing investigation](https://www.tyrepress.com/wp-content/uploads/2022/11/christian-lue-8Yw6tsB8tnc-unsplash-scaled.jpg)
European Commission: Tariffs won’t be ‘levied’ during ongoing investigation
In September Tyrepress learned from China Rubber Industry Association (CRIA) that, on 14 September, CRIA and the European Commission (EC) investigators held an online hearing on the European Commission’s renewed anti-dumping and anti-subsidy investigations relating to the imports of Chinese-made truck tyres. Shortly afterwards, Tyrepress reported that Laurens Elsen, an EC investigator, said that the EC would contact EU customs to ensure that during the re-investigation, the relevant departments will not “impose” any anti-dumping and anti-subsidy measures on the tyre companies that prevail in the judgment of the European Court of Justice. However, European Commission representatives contested that interpretation, arguing that the language of levying rather than imposition is more appropriate.
Continue Reading![Decision pending – Chinese TBR tyre distributors await EC’s tariff ‘recalculation’ details](https://www.tyrepress.com/wp-content/uploads/2022/11/chuttersnap-kyCNGGKCvyw-unsplash-scaled.jpg)
Decision pending – Chinese TBR tyre distributors await EC’s tariff ‘recalculation’ details
The European representatives of Chinese tyre manufacturers continue to await the European Commission’s decision on the future of tariffs on truck tyres imported from the country following the European Court of Justice’s annulment of the tariffs introduced on 8 May 2018. While the EC’s deputies of the Unit DG Trade have talked about a “re-investigation” in response to Chinese representatives calling for the EC to implement fully the judgement of the ECJ, Tyres & Accessories understands that the more likely outcome is rather a recalculation of the tariffs the EC will apply, while manufacturers’ European operations are also bracing for the possibility of the backdated implementation of newly set rates. T&A asked Corrado Moglia, general manager of Triangle Tyre’s European operation, who has been representing the company’s interests in discussions with the EC, about how the situation is developing from his point of view.
Continue Reading![Apollo Tyres hosts De Gea, Elanga and van de Beek in India](https://www.tyrepress.com/wp-content/uploads/2022/11/Man-Utd-First-Team-Players-to-visit-India.jpg)
Apollo Tyres hosts De Gea, Elanga and van de Beek in India
Apollo Tyres is hosting Manchester United footballers David De Gea, Anthony Elanga and Donny van de Beek who are in India to celebrate the launch of the third edition of Apollo’s “United We Play” grassroots football initiative. The three Manchester United first-team players will be seen in Goa on 1 December at the event, marking the maiden visit to India for any footballer from the current Manchester United first-team squad.
Continue Reading![Falken backs ‘Orange Day’](https://www.tyrepress.com/wp-content/uploads/2022/11/Falken-orange.jpg)
Falken backs ‘Orange Day’
From 25 November Falken Tyre Europe GmbH is participating in raising awareness for “Orange Day”, the internationally-recognized 16-day campaign “for the elimination of violence against women and girls” that runs until 10 December. To give “Orange Day” visibility at Falken’s Offenbach City Tower headquarters in Germany, the usual evening lighting in the foyer will be switched off from 5pm to 10pm. In its place, energy-saving LED lights will illuminate the space in orange.
Continue Reading![Halfords Autocentres revenue up 70% year-on-year; 14.3% like-for-like](https://www.tyrepress.com/wp-content/uploads/2022/11/Image-option-1.jpg)
Halfords Autocentres revenue up 70% year-on-year; 14.3% like-for-like
Halfords Group has reported very strong financial figures that show group revenues amounted to £765.7 million in the first half of 2023. Of this figure, £265.2 million was generated by the Halfords Autocentres business. And what’s more, the latest projections suggest that the services part of the wider Halfords group, within which Autocentres is found, will account for the majority of revenue by 2024. Currently service-related sales represent 42.6 per cent of group revenues in the period and are expected to reach circa 48 per cent of sales on an annualised basis following the acquisition of Lodge Tyre.
Continue Reading![Hankook Tire raided in unfair trading investigation](https://www.tyrepress.com/wp-content/uploads/2022/02/Hankook_and_Company_headquarters_office.jpg)
Hankook Tire raided in unfair trading investigation
Prosecutors raided the offices of Hankook Tire & Technology Co. on 24 November as part of an investigation into alleged “unfair intra-affiliate trading”. According to the South Korean Yonhap news agency, investigators from the Seoul Central District Prosecutors Office seized documents from “the headquarters and offices of its affiliates in connection with suspicions of unfair business practices among the groups affiliates”. Yonhap also reported that prosecutors specifically searched the office of Cho Hyun-bum, the chairman of Hankook Tire.
Continue Reading![Multiple factors affect Guizhou Tyre overseas market](https://www.tyrepress.com/wp-content/uploads/2022/11/guizhou.jpg)
Multiple factors affect Guizhou Tyre overseas market
Recently, Guizhou Tyre (also known as Advance Tyre) disclosed utilising production capacity. In 2022, China has implemented relatively strict control measures against the epidemic, and the logistics are not smooth, which indirectly leads to weak demand for truck and bus tyres. Affected by the above factors, Guizhou Tyre’s domestic plant has a capacity utilisation rate of around 80 per cent for all-steel radial tyres. Over the same period, capacity utilisation for OTR tyres was about 95 per cent.
Continue Reading![Halfords investing £3.5 million in creating 1000 automotive technician roles](https://www.tyrepress.com/wp-content/uploads/2022/11/Image-option-3.jpg)
Halfords investing £3.5 million in creating 1000 automotive technician roles
Halfords has embarked on a recruitment drive for its autocentres business to meet rapidly increasing demand for vehicle servicing, MOTs, maintenance and repairs. That means Halfords is creating 1000 new automotive technician roles over the next 12 months and is prioritising attracting retirees back into the workforce as well as challenging itself to increase the number of women in automotive technician roles. The recruitment drive, which will also target disadvantaged young people, is being backed by £3.5 million of technician training and recruitment investment over next 12 months.
Continue Reading![Bridgestone to invest $250m in Costa Rica over 5 years, increasing production](https://www.tyrepress.com/wp-content/uploads/2022/11/CRA_tire-scaled.jpg)
Bridgestone to invest $250m in Costa Rica over 5 years, increasing production
Bridgestone Americas will invest an additional $190 million to renovate and expand its Costa Rican tyre manufacturing operations. The newly announced funds extend the existing plan to invest $60 million in Belén de Heredia by 2026. Bridgestone will increase its production capacity by 36 per cent, adding more than 160 new permanent jobs.
Continue Reading![Prometeon achieves world-class ESG rating](https://www.tyrepress.com/wp-content/uploads/2022/11/Prometeon-Serie-02-green-tyre-world-pic.jpg)
Prometeon achieves world-class ESG rating
Prometeon Tyre Group reports that its Environmental, Social and Governance (ESG) Risk Rating has been graded as low, strengthening the tyre manufacturer’s commitment to its corporate social responsibility (CSR) and sustainability goals. The achievement is also crucial for managing a 350-million-euro sustainability-linked loan.
Continue Reading![Enviro reports further tyre oil order](https://www.tyrepress.com/wp-content/uploads/2022/11/enviro-pellets-2-sml.jpg)
Enviro reports further tyre oil order
Scandinavian Enviro Systems has received a recovered tyre pyrolysis oil order worth SEK 2 million (£158,000) from Preem, Sweden’s largest fuel company. Enviro will deliver the oil in the first quarter of 2023 for Preem’s use in production tests that will determine its suitability for producing biofuels.
Continue Reading![industrialtyres.ie launched by Industrial Tyre Specialists](https://www.tyrepress.com/wp-content/uploads/2022/11/Website.png)
industrialtyres.ie launched by Industrial Tyre Specialists
In the Republic of Ireland, Industrial Tyre Specialists has launched its new website: industrialtyres.ie. According to the company, the business is Ireland’s only “guaranteed Irish”, family run, forklift and industrial tyre distributor.
Continue Reading![China securities regulator suspects Giti of information disclosure violations](https://www.tyrepress.com/wp-content/uploads/2022/11/giti-cv-tyre-sidewall.png)
China securities regulator suspects Giti of information disclosure violations
The China Securities Regulatory Commission (CSRC) has decided to file a case against Giti Tire Corporation (Giti Tire Corp). The tyre company is suspected of information disclosure violations. Giti Tire Corp has received an official notification from CSRC. Tyrepress notes a 22 September Shanghai Stock Exchange report detailing measures taken against the company as a result of such violatons: “In the last 12 months, we (the Shanghai Stock Exchange) imposed supervision on (Giti Tire Corp) for similar violations. (Giti Tire Corp) did not make timely rectifications and continued to carry out the same type of violations for a long time, and the circumstances were serious.”
Continue Reading![Arconic completes Russian operation sale](https://www.tyrepress.com/wp-content/uploads/2021/08/placeholder-sml.jpg)
Arconic completes Russian operation sale
Arconic has completed the sale of 100 per cent of its Russian operations to Promishlennie Investitsii LLC, the majority owner of VSMPO-AVISMA Corporation, for cash proceeds of $230 million. The sale was completed after the transaction received all required approvals. Arconic Inc. split into two companies in early 2022: the light metal technology firm Arconic Corp. and Howmet Aerospace Inc., which is responsible for the wheel manufacturer Alcoa Wheels.
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