![Guizhou Tyre reports increased production and sales](https://www.tyrepress.com/wp-content/uploads/2020/10/tlo_biz83a-scaled-e1602237521703.jpg)
Guizhou Tyre reports increased production and sales
On 31 August, Guizhou Tyre released its semi-annual report. In the year’s first half, Guizhou Tyre produced 3.7005 million tyres, a year-on-year increase of 3.53 per cent, and sold 3.4447 million tyres, a rise of 1.07 per cent. During the same period, the tyre company’s revenue reached 3.949 billion yuan (about £490 million, 570 million euros), an increase of 13.16 per cent, and achieved a net profit of 160 million yuan (about £19.86 million, 23.12 million euros).
Continue Reading![Continental Tyre celebrates 75 years in South Africa in OE video series](https://www.tyrepress.com/wp-content/uploads/2022/08/Cars.co_.za-Continental-Icons-5-scaled.jpg)
Continental Tyre celebrates 75 years in South Africa in OE video series
Continental Tyre South Africa is marking its 75th anniversary in South Africa with its sponsorship of Cars.co.za’s four-part ‘Continental Icons’ video series. Available on the Cars.co.za YouTube channel, one of the largest branded channels in South Africa with more than 320 000 subscribers, the videos highlight the tyre manufacturer’s original equipment heritage. The General Tire and Rubber Company South Africa was founded in January 1947 and acquired by Continental AG in 1998, after which it was renamed Continental Tyre South Africa. The company said the acquisition helped cement it as one of the country’s leading tyre manufacturers.
Continue Reading![Michelin to display licensed vehicle accessories at Automechanika 2022](https://www.tyrepress.com/wp-content/uploads/2022/08/62002-230v-kompressor-scaled.jpg)
Michelin to display licensed vehicle accessories at Automechanika 2022
Michelin will showcase its non-tyre vehicle accessories at Automechanika in Frankfurt (13-17 September 2022, Stand D88 in Hall 12.1). The brand had 52 licensees in around 130 countries in 2021, together selling more than 31 million Michelin branded products. Michelin says that this puts Michelin Lifestyle Limited at number 46 in a ranking of the world’s most successful licensors. Highlights of the Michelin Automechanika stand will include high-pressure washers, Michelin Eco cleaning and car care products, the new Michelin Jump Starter range, windscreen wipers, snow chains, car mats, and hydraulic vehicle jacks capable of lifting up to three metric tons, making them particularly suitable for SUVs.
Continue Reading![Sumitomo Rubber South Africa launches township accredited training](https://www.tyrepress.com/wp-content/uploads/2022/08/Dunlop-Container-2.jpg)
Sumitomo Rubber South Africa launches township accredited training
Sumitomo Rubber SA (SRSA) is following up its Dunlop Container road safety and sustainable township entrepreneurship project established in 2012 with a further training scheme. Dunlop’s Enterprise Development dealers can now apply to send their employees for training in one of four focus areas: Technical Skills, Occupational Health & Safety, Business Acumen and Sales and Customer Care. SRSA will select candidates from the applications for the fully funded training.
Continue Reading![Former chairman of Sinochem Holdings Ning Gaoning retires](https://www.tyrepress.com/wp-content/uploads/2022/08/sinochem-holdings.jpg)
Former chairman of Sinochem Holdings Ning Gaoning retires
Sinochem Holdings recently announced that Ning Gaoning will no longer serve as chairman and party secretary. Li Fanrong became the new top leader of the large state-owned enterprise. The reason? According to industry insiders, Ning Gaoning is about to turn 64 years old and therefore his departure is probably best categorised as official retirement. It is reported that under normal circumstances, the retirement age of the top leaders of China’s central enterprises is 63 years old. From this perspective, Ning Gaoning has already out-worked normal tenure.
Continue Reading![Hankook Tire investing $1.6 billion in Clarksville USA factory](https://www.tyrepress.com/wp-content/uploads/2022/08/Hankook-Tire.jpg)
Hankook Tire investing $1.6 billion in Clarksville USA factory
Hankook Tire is set to invest US$1.6 billion in the expansion of its Clarksville, Tennessee tyre factory. The investment includes the previously announced Phase 2 expansion, which will increase Hankooks capacity to produce passenger car and light truck (PC/LT) tyres twofold as well as a Phase 3 expansion, which will enable the company to begin producing truck bus and radial (TBR) tyres in the United States. The company estimates that the addition of the Phase 3 expansion project will create an additional 400 jobs in the Clarksville region, for a total of 1,200 new positions.
Continue Reading![Sinochem Holdings appoints new chairman](https://www.tyrepress.com/wp-content/uploads/2022/08/Simochem-ning-li.jpg)
Sinochem Holdings appoints new chairman
A significant leadership change has taken place within the company closely linked with Pirelli, Aeolus and Prometeon Tyre Group. During an executive meeting that Sinochem Holdings held this morning for middle and senior management, a representative from the Chinese Communist Party announced that Ning Gaoning is no longer chairman of the company’s board, nor is he secretary of Sinochem’s leading party group. Li Fanrong takes over both positions.
Continue Reading![Audi joins Formula 1](https://www.tyrepress.com/wp-content/uploads/2022/08/A224486_large-scaled.jpg)
Audi joins Formula 1
Audi will compete in the FIA Formula 1 World Championship with a specially developed power unit from 2026. The project will be based at Audi Sport’s facility in Neuburg near Ingolstadt. This is the first time in more than a decade that a Formula 1 power train will be built in Germany. Audi will announce a decision on which team they will be lining up with in 2026 by the end of this year.
Continue Reading![USA: Bridgestone investing $550 million in TBR production](https://www.tyrepress.com/wp-content/uploads/2022/08/warren-county-sml.jpg)
USA: Bridgestone investing $550 million in TBR production
Bridgestone Americas will spend US$550 million over the coming two years on the expansion and modernisation of its Warren County truck and bus radial tyre plant in the US state of Tennessee. The project will add 380 jobs to the Warren County workforce and expand the plant’s existing footprint by 850,000 square feet (around 79,000 square metres).
Continue Reading![Football: PTG becomes Parma Calcio main sponsor](https://www.tyrepress.com/wp-content/uploads/2022/08/Prometeon_Parma-sml.jpg)
Football: PTG becomes Parma Calcio main sponsor
Earlier this month, Prometeon Tyre Group (PTG) became the main sponsor of Italian football club Parma Calcio. Its multi-year agreement with the club, which currently plays in the second-tier Serie B league, gives the tyre maker a presence on players’ shirts and within their home stadium. Shirts will display the Prometeon logo rather than the Pirelli branding encountered on PTG tyres.
Continue Reading![Continental repels cyberattack](https://www.tyrepress.com/wp-content/uploads/2022/08/pexels-pixabay-60504-sml.jpg)
Continental repels cyberattack
German tyre maker and automotive systems supplier Continental reports that it has “averted” a cyberattack on company IT systems. Continental says attackers “infiltrated parts” of its IT systems earlier this month but managed to avert the attack after detecting it. According to media reports, the attackers neither encrypted data nor demanded a ransom.
Continue Reading![Continental debuts responsibly sourced tyres – 100% of range by 2030](https://www.tyrepress.com/wp-content/uploads/2022/08/Conti-Indonesia-sml.jpg)
Continental debuts responsibly sourced tyres – 100% of range by 2030
Mountain bike tyres from the Continental Gravity range have become the first products to feature responsibly sourced natural rubber from a project aimed at establishing sustainable natural rubber supply chains. Continental aims to achieve 100 per cent sustainable supply chains by 2050 at the latest, but is going one step further when it comes to natural rubber and intends to cover its entire demand exclusively through responsible sources by as soon as 2030.
Continue Reading![Global aftermarket set to grow 13% in 2022, UK and EU also up](https://www.tyrepress.com/wp-content/uploads/2022/08/pexels-artem-podrez-8986137-scaled.jpg)
Global aftermarket set to grow 13% in 2022, UK and EU also up
Halfords Autocentres’ recent expansion into the top-table of tyre retail is indicative of a wider move towards mechanical work in tyre-orientated garages. Now, many fast fits generate somewhere around 50 per cent of their income from non-tyre business. According to the latest SMMT data, the UK aftermarket turns over an annual £21.1 billion – making it the ninth largest in the world. And what’s more there are said to be north of 40,000 points of sale in the UK, which means the wider tyre business’s recent shift towards more mechanical work means that aftermarket space is as competitive as ever. Still, the ongoing outlook is good and the aforementioned growth figures are increasing at the same rate as the UK’s growing car parc. As a result, SMMT projections suggest the UK aftermarket sector’s value is set to rise to £28 billion by 2022.
Continue Reading![ISCC Plus certification for Firestone Polymer facility](https://www.tyrepress.com/wp-content/uploads/2022/08/PEPC-sml.jpg)
ISCC Plus certification for Firestone Polymer facility
The Firestone Polymer Engineering Pilot Center (PEPC) in Akron, Ohio has become the first Bridgestone facility in North America to gain International Sustainability and Carbon Certification (ISCC) Plus recognition for sustainable raw material transparency and traceability. PEPC is part of the Bridgestone Americas Technology Center, which serves as a hub for Bridgestone’s entire innovation, research and product development within the Americas region.
Continue Reading![Jiangsu General raises funds for Cambodia factory](https://www.tyrepress.com/wp-content/uploads/2022/08/Picture6.jpg)
Jiangsu General raises funds for Cambodia factory
On 12 August, Jiangsu General stated that it would issue shares on the Shanghai Stock Exchange in a non-public funding initiative. The stock issuance plan shows that Jiangsu General is prepared to issue shares to no more than 35 specific investors. The number of shares to be issued shall not exceed 386,578,320 units, which is 30 per cent of Jiangsu General’s total share capital before the issuance of shares. The total amount of funds raised does not exceed 1.018 billion yuan (£124.42 million, 147.15 million euros). It is reported that HOdo Group, the controlling shareholder of Jiangsu General, plans to subscribe for shares in cash, with a subscription amount of not less than 30 million yuan (£3.67 million, 4.34 million euros) and not more than 200 million yuan (£24.45 million, 28.91 million euros).
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