RH Claydon opens Carlisle warehouse
Wholesaler RH Claydon (RHC) opened its eighth depot on Monday. The facility in Carlisle’s Kingmoor Park North enterprise zone is now open for deliveries and collections between 8 am and 5:30 pm Monday and for collection 9 am to 12 pm Saturdays. RHC says the addition of the Carlisle depot will allow greater coverage of the north and border areas.
Continue ReadingHankook announces Q2 2022 results
During the second quarter of 2022, Hankook Tire grew its sales by 12.9 per cent year-on-year to KRW 2,039.9 billion (£1.3 billion). Operating profit, squeezed by world events, rising raw material costs and inflation, shrank 6.3 per cent year-on-year to KRW 175.2 billion (£109.9 million). This result nonetheless represented a 39.0 per cent increase compared with the operating profit of KRW 126.0 billion (£79.0 million) achieved in Q1 2022. Hankook attributes this quarter-on-quarter improvement to a growing share of sales attributable to high-value-added products as well as effective pricing strategies.
Continue ReadingDavanti Tyres and Everton Football Club expand global commercial partnership
Davanti Tyres has renewed and extended its global commercial partnership with Everton Football Club. Davanti, a global tyre brand headquartered in Newton-le-Willows, east of Liverpool, has been a club partner since 2017. It will remain Everton’s ‘Official Global Tyre Partner’ as part of the new multi-year agreement. Davanti says the deal will help to support its objective to further increase its presence in the UK, Europe, Middle East, Far East and South America. It will also enhance its brand exposure across Everton’s digital channels and at Goodison Park on matchdays.
Continue ReadingHella exits joint venture, agrees sale of HBPO shares to co-shareholder Plastic Omnium
Global automotive supplier Hella, which operates under the umbrella brand FORVIA, has agreed the sale of its 33.33 per cent stake in HBPO Beteiligungsgesellschaft mbH (“HBPO”) to its co-shareholder, Plastic Omnium. The agreed purchase price amounts to 290 million euros. The transaction is subject to customary regulatory approvals, but closing is expected in the fourth quarter of 2022.
Continue ReadingBridgestone & Webfleet showcasing solutions at IAA Transportation 2022
Bridgestone claims to be, together with its Webfleet fleet management solution, on a “mission to move the world towards a sustainable future of mobility.” Both will be present at IAA Transportation 2022 to showcase a portfolio of tyres, tyre-centric technologies and mobility solutions and to give fleets an opportunity to learn more about their products and data-driven mobility solutions and how they can enhance performance.
Continue ReadingFalken Tyres nominated for International Motor Film Award
Falken has been nominated for an International Motor Film Award in the Best Event Film category for its Nürburgring 24 hour race feature, ‘A Declaration of Love’. The brand previously won the prize in 2021 with its short film ‘Whatever Comes Our Way’. Production company Motionctrl, Falken’s long-term video collaborator shot the nominated film on location. You can view the short film below or on Falkens YouTube channel.
Continue ReadingFleets facing ‘unprecedented’ rises in tyre costs, says i247 Group
Fleets are facing tyre cost rises at an unprecedented rate, placing additional strain on already stretched SMR budgets, warns i247 Group, the outsourced driver support and asset management provider. The Poole-based company reports average tyre costs are likely to continue rising due to a rapidly-changing fleet portfolio mix and double-digit percentage cost increases from tyre manufacturers to its customer base.
Continue ReadingSuperTruck’s European rollout – Schena to head business
The SuperTruck dealer consortium is gearing up to launch in six European markets, including the UK, and Prometeon Tyre Group has appointed Riccardo Schena to lead the network during this time of growth. The company introduced Schena, who has served as Prometeon’s chief financial officer for Europe since September 2020, to dealers at a recent meeting in the Italian town of Gubbio.
Continue ReadingGoodyear buying German wholesaler Reifen Burkhardt
Goodyear is expanding its wholesale presence in southwest Germany with the acquisition of local player Reifen Burkhardt GmbH & Co. KG. The purchase of this family-owned tyre wholesaler brings into the Goodyear fold an operation with space to store 250,000 tyres and wheels in a 40,000 square metre warehouse facility. The transaction is subject to regulatory approvals and is expected to close in the third quarter of this year.
Continue ReadingMichelin publishes H1 2022 results, maintains full-year guidance
In a market hit by the systemic impacts of the conflict in Ukraine and the health crisis, the Michelin Group reports that its net income fell by 18.3 per cent despite a year-on-year increase in sales. The tyre maker nevertheless considers this a good result “in an extremely unsettled environment.”
Continue ReadingBrembo and Gold Phoenix invest 35 million euros in aftermarket brake joint venture
Brembo and Chinese brake manufacturer Gold Phoenix have signed a 50:50 Joint Venture agreement to create Shandong BRGP Friction Technology Co. Ltd, the first large scale Brembo manufacturing facility fully dedicated to producing aftermarket brake pads. Brembo and Gold Phoenix have agreed to invest 35 million euros in the project over the next three years. Shandong BRGP Friction Technology Co., Ltd is expected to start operations in early 2023 in Jinan, the capital of Shandong province in Eastern China.
Continue ReadingTriangle adopts “quality strategy” in Europe
As markets and events have reopened during the course of 2022, Triangle has hit the road in a significant way, meeting with and communicating to existing and potential customers alike at events and exhibitions across the continent including: Tire Cologne in Germany, Autopromotec in Italy and the Hillhead OTR event in the UK. Tyres & Accessories met up with executives in Germany, Italy and on home territory in order to find out more about Triangle’s latest products and its increasingly quality-focused European strategy.
Continue ReadingPyrolysis tyre recycling: Ipswich facility amongst planned Pyrum SPVs
At its recent Annual General Meeting, the first held since the company’s IPO in Oslo and its secondary listing on the Frankfurt Stock Exchange, Pyrum Innovations AG shared details of the special purpose vehicles (SPV) that it intends to establish with joint venture partners. It has already announced one of these, a 20,000-tonne pyrolysis plant in Germany, but a further six SPV projects are on the cards – including a facility in the UK.
Continue ReadingBirla Carbon launches virtual showroom
Anyone wanting to learn more about carbon black and its many applications can now do so at the new Birla Carbon virtual showroom. Claimed as an industry first, the site offers a virtual reality experience that takes viewers through the intricate uses of each part of a car and employs an immersive experience to showcase how carbon black can make a difference to the solutions it is part of. Birla Carbon aims for the virtual showroom to be a “one-stop shop experience for the entire value chain of carbon black solutions.”
Continue Reading50% more tyres: Sumitomo Rubber USA expanding plant
Construction work to expand the Sumitomo Rubber USA plant in Tonawanda, New York is progressing following the official groundbreaking at the site on 29 March, and in the coming two to three years the tyre maker will invest US$129 million in a project that will boost production capacity by 50 per cent. After erecting a 5,100 square metre plant building this summer, Sumitomo will install new mixing machines, tyre presses and tyre building machines. Plant manager Tim Sprunger says the expanded facility will feature a high level of automation.
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