Bridgestone Mobility Solutions – TCO & sustainability driving integrated contracts
Although tyres account for only 2 to 4% of total fleet costs, they play a disproportionately large role in influencing other expenses, affecting fuel consumption, vehicle maintenance, and even safety. All these factors contribute to total cost of ownership, but by prioritising effective tyre management, fleet operators can significantly reduce fuel costs, decrease maintenance requirements, and maximise vehicle uptime. For Bridgestone, the provision of tailored solutions that help fleets optimise their cost structures is a business of growing significance.
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SRI reports strong business profit growth amid global challenges
Sumitomo Rubber Industries, Ltd. (SRI) has announced its financial results for the nine months ending 30 September 2024, showcasing moderate revenue growth and a significant increase in business profit, despite ongoing challenges in the global economic landscape and sluggish tyre sales in key markets.
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Hankook Tyre UK wins Industry Marketing Campaign of the Year Award for second consecutive year
Hankook Tyre UK was awarded the NTDAs Industry Marketing Campaign of the Year award for its ‘Hankook Big Winter Giveaway’ consumer promotion, featuring a £20,000 Virgin holiday voucher. Hankook’s primary objective of the promotion was to increase brand awareness, focusing on delivering a variety of paid and organic marketing methods across its social channels and radio advertising to reach as many UK drivers as often as possible. The four-week promotional campaign consisted of twenty-five daily prizes of a £50 Virgin Gift Card and a final main prize of a £20,000 Virgin holiday voucher. Anyone was eligible to enter the prize draw, subject to the usual T&Cs; all they had to do was visit the Hankook.win website and enter their contact details.
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Michelin approved dealer Tyre-Smart named Best Small Retailer at NTDA Tyre Industry Awards 2024
Essex independent dealer Tyre-Smart was named the best Small Tyre Retailer of the Year 2024 at the NTDAs annual Tyre Industry Awards ceremony. The family-owned business, which is a member of the Michelin Quality Centre network, on Moss Road, Witham, was triumphant against other single-site tyre dealerships from across the UK to win the prestigious trophy.
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Rema Tip Top Automotive UK crowned Aftermarket Supplier of the Year 2024
Rema Tip Top Automotive UK was honoured with the prestigious NTDA Aftermarket Supplier of the Year 2024 award, recognising the UK division’s exceptional dedication and significant contributions to the automotive aftermarket sector. Mark Insley, chief executive of Rema Tip Top UK, expressed his delight at receiving the award: “It is extremely satisfying that all our hard work has once again been recognised by the NTDA. We truly have a great team of individuals within our organisation who care passionately about the quality of products and service we provide to our customers, and this helps to ensure the safety of millions of drivers on the roads every day.”
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Continental wins sustainability accolade at NTDA Tyre Industry Awards 2024
Continental Tyres beat Bridgestone, Hankook, Marangoni, and Michelin to win the Tyre Industry Environmental and Sustainable Solution of the Year at the NTDA’s Tyre Industry Awards 2024. The award, presented at the Association’s 94th Annual Dinner, was decided by a panel of industry experts and recognises outstanding corporate social responsibility within the tyre industry. Conti said its achievement reflects the tyre manufactures ongoing commitment to driving sustainability across all of its operations - from enhancing the efficiency of its manufacturing processes and supply chain to developing innovative, eco-friendly materials.
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Pirelli sustainability measures, UK commitment seals Tyre Manufacturer of the Year award
Pirelli UK was named Tyre Manufacturer of the Year at the Tyre Industry Awards 2024, recognising the company’s excellence in product innovation, sustainability, and beyond. The NTDA Tyre Manufacturer of the Year Award celebrates the achievements of manufacturers that have made significant contributions to the tyre industry, with the winner decided by a select panel of independent industry experts. Pirelli’s success stems from its unwavering commitment to quality, safety, and sustainability, exemplified by products like the P Zero range, including the P Zero E tyre: the first UHP tyre on the market with more than 55 per cent bio-based and recycled materials.
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Kirkby Tyres celebrates double victory at 2024 NTDA Awards
Kirkby Tyres won both Tyre Wholesaler of the Year and the Truck & Agricultural Tyre Supplier of the Year at the NTDA’s Tyre Industry Awards 2024, the first time any company has claimed both awards within the same year. Celebrating its 2024 double crown, the Speke-based OTR tyre specialist also pointed to its sustained success at the UK tyre industrys premier awards night. Kirkby Tyres said it was “honoured to continue our successful participation in the ceremony, having been presented an award for either Truck & Agricultural Tyre Supplier of the year or Tyre Wholesaler of the Year for every year of entry.”
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SRI closing USA tyre plant
The days of Falken and Dunlop tyre manufacture in North America are numbered. During a Board of Directors meeting held today, Sumitomo Rubber Industries, Ltd. (SRI) resolved to end production at the Tonawanda, New York-based plant operated by its Sumitomo Rubber USA, LLC (SRUSA) subsidiary, and to dissolve the subsidiary after “making the necessary preparations.” This decision affects up to 1,555 employees.
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Pirelli announces administrative inquiry into CNRC’s potential breach of Italy’s Golden Power regulations
Pirelli announced on 6 November that Italy’s Prime Minister’s Office has initiated an administrative procedure to investigate a potential breach by China National Tire and Rubber Corp. (CNRC) of Italy’s ‘Golden Power’ regulations. Should the investigation substantiate concerns over organisational links between Pirelli and CNRC, it could lead to new or reinforced restrictions on CNRC’s role within Pirelli’s corporate structure.
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SBTi approves revised Nokian Tyres climate goals
The Science Based Targets initiative (SBTi) has approved Nokian Tyres’ new greenhouse gas (GHG) emissions reduction targets, including both near-term targets for 2030 and long-term targets to reach net-zero GHG emissions across the value chain by 2050. SBTi approval means that it considers Nokian Tyres’ targets to be in line with what the latest climate science deems necessary to limit global warming to 1.5°C.
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Prinx Chengshan joins UNGC
Confirming its support for the initiative, Prinx Chengshan Holdings Limited has joined the United Nations Global Compact (UNGC). The company says this move “not only underscores Prinx Chengshan’s firm commitment to sustainable development” but also highlights its “deep sense of social responsibility as a leading innovator in the tyre manufacturing industry.”
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Yokohama Rubber partnering to develop new uses for rubber seeds
Beginning in September 2024, The Yokohama Rubber Co., Ltd. is participating as an official partner in a research project that aims to reduce wastage when harvesting natural rubber by utilising the seeds of Para rubber trees. This “Utilization Technology of Rubber Seeds for Green Products to Mitigate Global Warming and Plastic Pollution” project brings together protagonists from government bodies, industry, and academia in Japan and Thailand, with Japan’s government providing support through its Science and Technology Research Partnership for Sustainable Development (SATREPS) programme.
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JK Tyre merging Cavendish subsidiary
JK Tyre & Industries Ltd. is working towards merging with its 2016-acquired subsidiary Cavendish Industries Ltd. (CIL). Following the merger, all the companys tyre operations in India will be housed within a single listed company, an arrangement expected to result in greater synergies, a simplified structure and less red tape. JK Tyre also views a merger with CIL as a means of “unlocking value” for its shareholders as well as improving investor perceptions.
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JK Tyre reports moderate revenue & profits in challenging Q2 2025
JK Tyre & Industries Ltd. has announced its financial results for Q2 FY2025 and H1 FY2025, the quarter- and half-year periods ending 30 September 2024. The tyre maker’s latest figures show a decline in key metrics year-on-year amidst challenging market conditions. Despite these headwinds, the company’s strategic focus on export growth and innovative product development provided partial offset to slower domestic performance. Operating challenges, including fluctuating raw material prices, dampened profitability margins.
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