![Sailun approaching global top 10 tyre manufacturer ranking](https://www.tyrepress.com/wp-content/uploads/2024/06/mika-baumeister-Wpnoqo2plFA-unsplash.png)
Sailun approaching global top 10 tyre manufacturer ranking
On 30 May, Cheng Shin Rubber released its 2023 annual report. In terms of sales, the tyre manufacturer’s sales in 2023 were all lower than the previous year. Among all categories of tyres, the sales of motorcycle tyres increased by 0.34 per cent year-on-year, which was flat. However, the sales volume of PCR, TBR, bicycle tyres, inner tubes and other tyre products all declined to varying degrees. The decline in PCR and TBR products was 12.92 per cent and 26.08 per cent.
Continue Reading![Oak Group to launch Envoy Tyres ‘value’ tyre brand at The Tire Cologne with 4 initial tyres](https://www.tyrepress.com/wp-content/uploads/2024/05/envoy-site.png)
Oak Group to launch Envoy Tyres ‘value’ tyre brand at The Tire Cologne with 4 initial tyres
Oak Group Holdings, the parent company of Davanti Tyres and wholesaler Oak Tyres, will launch a second proprietary tyre brand at The Tire Cologne next week. Envoy Tyres is styled as a “new, value tyre brand” with a mission to “deliver exceptional value and quality,” and will reach the market with a range of four initial products in the last quarter of 2024. All four products will be available to preview at Koelnmesse (Hall 6.1, Stand E-038; 4-6 June). Oak Group will follow a similar strategy to the successful 2015 launch of Davanti in various markets around the world, and will start to seek key national distribution partners at Europe’s premier tyre expo next week.
Continue Reading![Goodyear, Enovos inaugurate 4.4 MWp solar panel installation in Colmar-Berg](https://www.tyrepress.com/wp-content/uploads/2024/06/500_solarpanels-testtrack-2.jpg)
Goodyear, Enovos inaugurate 4.4 MWp solar panel installation in Colmar-Berg
Goodyear has inaugurated a new large-scale solar panel installation at its Colmar-Berg proving ground. Completed in December 2023, the installation was inaugurated on 28 May in the presence of Lex Delles, Luxembourg Minister of the Economy, SME, Energy and Tourism. The solar project has a total surface area of 37,700sqm, with a capacity of 4.4 MWp. It is made up of 8,148 bifacial panels, capturing light both on the illuminated surface of the panel and on the lower surface thanks to diffuse light. It continues Goodyear’s collaboration with energy supplier Enovos.
Continue Reading![Goodyear Farm Tires to display new acquisition Carlstar at The Tire Cologne](https://www.tyrepress.com/wp-content/uploads/2024/06/carlstar-scaled-e1717198032411.jpeg)
Goodyear Farm Tires to display new acquisition Carlstar at The Tire Cologne
Goodyear Farm Tires will welcome speciality tyre and wheel manufacturer Carlstar to Hall 6.1, Stand CO19 at The Tire in Cologne next week. Titan International, the parent company of Goodyear Farm Tires in North America and Europe after it bought the licence for both markets around a decade ago, recently completed its acquisition of Carlstar Group in a $296 million purchase. Carlstar representatives will present the brand’s product range to visitors to The Tire Cologne, while Goodyear Farm Tires will display its own flagship products, between 4 and 6 June.
Continue Reading![Prometeon branded tyres to make UK debut at Road Transport Expo 2024](https://www.tyrepress.com/wp-content/uploads/2024/06/Prometeon-Tyre-Group_RTX-stand-2023-pic-2-scaled.jpg)
Prometeon branded tyres to make UK debut at Road Transport Expo 2024
Prometeon Tyre Group will hand a UK debut to its first Prometeon-branded premium tyres at this year’s Road Transport Expo (Hall 2A, Stand GR38 at NAEC Stoneleigh, Warwickshire; 4-6 June 2024). Ali Yilmaz, Prometeon managing director UK, Ireland and Nordics, comments: “RTX 2024 is the perfect platform for the UK debut of the first of our new Prometeon-branded premium tyres. We are proud of our heritage and the evolution to Prometeon-branded products is an historical moment for the Group.”
Continue Reading![Pirelli: Silk Road stake sale appealing, say analysts](https://www.tyrepress.com/wp-content/uploads/2020/04/pirelli-flag.jpg)
Pirelli: Silk Road stake sale appealing, say analysts
Following that news that Pirelli shareholder Silk Road is selling a roughly 9 per cent stake in the company, financial analysts have described the investment opportunity as “appealing”
Continue Reading![Silk Road Fund sells 9% Pirelli shareholding](https://www.tyrepress.com/wp-content/uploads/2023/12/Pirelli-placeholder.jpg)
Silk Road Fund sells 9% Pirelli shareholding
China’s Silk Road Fund has sold its entire stake in Pirelli through an accelerated placement procedure. According to a statement published by the Borsa Italiana stock exchange this morning, the economic development fund has divested some 90.2 million shares, which represents a 9.02 per cent shareholding in Pirelli. Demand for the shares far exceeded supply, and MTP/Camfin have reportedly purchased shares equal to 2.2 per cent of Pirelli’s capital.
Continue Reading![Remember This? – Tyres & Accessories May 2024](https://www.tyrepress.com/wp-content/uploads/2021/08/may-09-full-C-FC.png)
Remember This? – Tyres & Accessories May 2024
Remember This? - May 2024: Stories from the past 20 years of T&A... Our monthly magazine column looks back at the biggest news events from the tyre industry five, 10, 15 and 20 years ago. This months edition looks back to May issues from 2004, 2009, 2014, and 2019 for some of the biggest tyre industry news of those months. Click the month and year to access the digital edition of the relevant issue of the magazine from Tyres & Accessories’ expanding digital archive.
Continue Reading![Tyre News in Numbers – May 2024](https://www.tyrepress.com/wp-content/uploads/2024/05/TA-MAY-24-Featured.png)
Tyre News in Numbers – May 2024
Tyres & Accessories’ monthly Tyres News in Numbers’ column boils down the latest tyre industry news to the most important statistics of the month. Below, we look at the big numbers from the May 2024 magazine... $800-1,000 million: The valuation of Goodyear’s OTR tyre business by financial analysts at Jeffries. Goodyear has identified this segment alongside the rights to the Dunlop brand and Goodyear Chemical as parts of its business open to offers as it continues to restructure its business in the wake of leadership changes in 2023.
Continue Reading![JK Tyre investing in additional production capacities](https://www.tyrepress.com/wp-content/uploads/2024/05/JK-Tyre-capacities-sml.jpg)
JK Tyre investing in additional production capacities
During a recent earnings call, JK Tyre & Industries’ managing director, Anshuman Singhania, shared that the company is investing Rs 14 billion (£131.76 million) to increase its production capacities for TBR, PCR and ASLTR (all-steel light truck radial) tyres. He commented that these projects are “under implementation and progressing well.”
Continue Reading![Pirelli holds shareholders’ meeting](https://www.tyrepress.com/wp-content/uploads/2023/12/Pirelli-placeholder.jpg)
Pirelli holds shareholders’ meeting
Pirelli & C. SpA held its Shareholders Meeting on 28 May. The meeting took place at Studio Marchetti in Milan and was attended by 88.26 per cent of the capital with voting rights, with participation through the Appointed Representative.
Continue Reading![Non-tyre revenue to exceed 20% of Michelin total by 2030](https://www.tyrepress.com/wp-content/uploads/2024/05/Michelin-Capital-Day-sml.jpg)
Non-tyre revenue to exceed 20% of Michelin total by 2030
Michelin held its Capital Markets Day yesterday at its Research & Development Headquarters in Clermont-Ferrand, France. The company reported achieving its 2023 targets and presented updated 2030 ambitions, including the aim to grow non-tyre activities to over 20 per cent of total revenue.
Continue Reading![Hankook extends long-term partnership with UEFA Europa League and UEFA Conference League](https://www.tyrepress.com/wp-content/uploads/2024/05/20240523_EN_Hankook_Tire_extends-long-term_partnership_with_the_UEFA_03-scaled.jpg)
Hankook extends long-term partnership with UEFA Europa League and UEFA Conference League
Immediately following the conclusion of the 2023/24 season UEFA Europa League Final at the Aviva Stadium, Dublin, a somewhat unexpected 3-0 win for Gian Piero Gasperini’s Atalanta over Xabi Alonso’s otherwise undefeated Bayer Leverkusen team, official global sponsor Hankook Tire announced that it will extend its partnership with the competition and the lower tier Conference League, via its Laufenn brand, for a further three-year deal. The new deal extends to at least the end of the 2026/27 season the Korean tyre manufacturer’s relationship with the UEFA competitions, which debuted in 2012. The partnership is already the Europa League’s longest. Both the UEFA Europa League and the Conference League are expanding in the 2024/25 season, affording the Hankook and Laufenn brands increased exposure thanks to a revamped league phase. The showpiece event in Dublin offered a great spectacle on the European stage to Hankook, which has hosted corporate guests all around the continent as well as displayed its branding prominently across the continent as a result of its sponsorship deal this season.
Continue Reading![Hella celebrates 65th anniversary in the UK, 125th in Germany](https://www.tyrepress.com/wp-content/uploads/2024/06/HELLA-125.png)
Hella celebrates 65th anniversary in the UK, 125th in Germany
Hella is commemorating 65 years since its UK arm opened, in addition to its 125th anniversary since its foundation in Germany. To mark the occasion the company is running a special competition, with 125 Hella merchandise products up for grabs with the winners being announced on the company’s official birthday next month. “To celebrate the milestone, we’re putting limited-edition Hella merch into the hands of our loyal customers worldwide,” said UK managing director Neil Grant. “All they have to do is go to the competition on our website.”
Continue Reading![Thailand factory makes over half Jiangsu General’s annual revenue](https://www.tyrepress.com/wp-content/uploads/2024/05/Jinagsu-General.png)
Thailand factory makes over half Jiangsu General’s annual revenue
In 2023, Jiangsu General’s revenue was approximately 5.06 billion yuan (approximately £540 million; €640 million), with a net profit of 220 million yuan (about £ 24 million; €28 million). Compared with the net profit of approximately 17 million yuan (about £1.8 million; € 2.16 million) in 2022, the company’s profit has increased more than tenfold in the past year.
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