![ZC Rubber revenue rose 11.24%](https://www.tyrepress.com/wp-content/uploads/2023/08/中策橡胶.jpg)
ZC Rubber revenue rose 11.24%
In the first half of 2023, ZC Rubber’s revenue was 17.374 billion yuan (about £1.89 billion; €2.21 billion), an increase of 11.24 per cent from 15.618 billion yuan (£1.7 billion; €1.98 billion) in the same period last year. During the same period, the net profit of ZC Rubber was 1.625 billion yuan (approximately £177 million; €207 million).
Continue Reading![Bridgestone brings Enliten to motorsport](https://www.tyrepress.com/wp-content/uploads/2023/08/Bridgestone-Enliten-Motorsport-sml.jpg)
Bridgestone brings Enliten to motorsport
Teams competing in this year’s Bridgestone World Solar Challenge (BWSC) will drive on the first motorsport tyres to feature Enliten technology. Furthermore, one of the tyre specifications that Bridgestone custom designed for the 1,860-mile (3,000 km) route through Australia contains 63 per cent recycled and renewable materials.
Continue Reading![Sentury Tire share issue meets 75% of Spain factory costs](https://www.tyrepress.com/wp-content/uploads/2023/08/Firma-Compromiso_-Contratacion-2-scaled-sml.jpg)
Sentury Tire share issue meets 75% of Spain factory costs
Approximately three-quarters of the funds that Qingdao Sentury Tire Co. Ltd. needs to set up a factory in Spain have been secured through a share issue. On 22 August, the tyre maker informed the Shenzhen Stock Exchange that it had issued 94,307,847 shares to 20 parties at a price of RMB 26.69 (£2.93, US$3.68) per share, raising approximately RMB 2.8 billion (£307.1 million, $386.4 million).
Continue Reading![IDEA accolade for Nexen Mars tyre](https://www.tyrepress.com/wp-content/uploads/2023/08/nexen-tire-wins-design-award-idea-for-mars-themed-concept-ti-sml.jpg)
IDEA accolade for Nexen Mars tyre
Tyre makers such as Michelin and Bridgestone may be preparing to drive on the moon, but Nexen Tire has its sights on Mars. The Korean tyre maker has received recognition in the International Design Excellence Awards (IDEA) 2023 for its Mearth concept tyre.
Continue Reading![Guizhou Tyre increases investment in Vietnam factory](https://www.tyrepress.com/wp-content/uploads/2023/08/Guizhou.jpg)
Guizhou Tyre increases investment in Vietnam factory
Chinese manufacturer Guizhou Tyre released its semi-annual report on 22 August, providing progress updates about the production facilities it is currently building at home and overseas. The company also reported revenue of RMB 4.44 billion (£482.6 million, US$611.2 million) for the first half of 2023 and profit of RMB 340 million (£37.0 million, $46.8 million).
Continue Reading![New Linglong Tire sales company in North America](https://www.tyrepress.com/wp-content/uploads/2023/08/Linglong-placeholder.jpg)
New Linglong Tire sales company in North America
Linglong Tire has established a new wholly owned subsidiary in North America to expand its footprint in the region. As of this month, Geoff Doster, former president and chief operating officer of TBC Corporation’s TBC Brands and TBC International operations, heads the new Linglong N.A. Sales LLC business as its president. Linglong will announce further additions to the team in due course.
Continue Reading![Russian tyre production drops 23% in 2023](https://www.tyrepress.com/wp-content/uploads/2023/08/Russia-sidewall.jpg)
Russian tyre production drops 23% in 2023
A total of 25.2 million tyres and rubber tubes were produced in Russia from January to July 2023. The country’s Federal State Statistics Service reports that this represents a production volume of just 77.3 per cent compared with the same months of 2022.
Continue Reading![Maxxis, Tillotson agree T4 karting sponsorship deal](https://www.tyrepress.com/wp-content/uploads/2023/08/Maxxis-Karting-sml.jpg)
Maxxis, Tillotson agree T4 karting sponsorship deal
After half a decade of collaboration on the T4 karting series, Maxxis and Tillotson are advancing their partnership with a new long-term deal. Maxxis will sponsor the International Tillotson T4 Series and T4 Nations Cup for the next three years. Maxxis expects that this deal will aid the growth of both the series and the Cup.
Continue Reading![New name for former Continental Russia plant](https://www.tyrepress.com/wp-content/uploads/2023/08/Russia-sidewall-sml.jpg)
New name for former Continental Russia plant
With holding company S8 Capital having acquired the assets of Continental AG in Russia, the LLC Continental Kaluga tyre manufacturing facility has been renamed LLC Cordiant Kaluga. The new legal name came into force on 17 August 2023 and the business will in particular be responsible for tyre production at the former Continental plant in Kaluga, some 100 miles southwest of Moscow.
Continue Reading![Goodyear to exhibit Powerload and OTR tyres at steinexpo 2023](https://www.tyrepress.com/wp-content/uploads/2023/08/goodyearpowerloadonliebherrcompactwheelloader21.jpg)
Goodyear to exhibit Powerload and OTR tyres at steinexpo 2023
Goodyear is showcasing its premium OTR tyres and solutions for construction and industrial machinery at steinexpo 2023 (23-26 August in Homberg, Germany). Goodyear will showcase its Powerload, GP-3E, Omnitrac Heavy Duty, and TL-4A OTR tyres, alongside its TPMS Heavy Duty solution on stand (B81) in the open-air area of the fair. “We offer a large portfolio of high-performance tyres for industrial and construction machinery. For us, steinexpo is the perfect opportunity to present a selection of our OTR tyre segment and to enter into a valuable personal exchange directly with our customers,” says Octavian Velcan, managing director OTR & Aviation EMEA at Goodyear.
Continue Reading![‘La Carrera Panamericana’ drives with Liqui Moly](https://www.tyrepress.com/wp-content/uploads/2023/08/La-Carrera.png)
‘La Carrera Panamericana’ drives with Liqui Moly
Liqui Moly is delighted to confirm a cooperation with “Carrera Panamericana”, by far the most famous race series in Mexico, which is held during October and has been around for decades. From 13-19 of October 2023, drivers from around the globe will drive through a very special route in Mexico. Known worldwide in its initial stage as “The Mexican Road Race”, the automobile sports competition also goes by the name of La Carrera Panamericana. La Carrera, a rally-type sporting event, is catalogued as one of the most important of its kind, in addition to being the longest in the world, even surpassing the Mille Miglia and Targa Florio races in Italy.
Continue Reading![Continental advances phase 4 of Hefei tyre plant](https://www.tyrepress.com/wp-content/uploads/2021/11/Christian-Kotz_Continental-Reifen-scaled.jpg)
Continental advances phase 4 of Hefei tyre plant
On the afternoon of 17 August, Yu Aihua, Party Secretary of Hefei City, Anhui Province, held talks with Christian Kötz, Head of the Continental Tyres division. Tyrepress China learned that Yu and Kötz talked about “accelerating the construction of the fourth phase of the (Hefei factory) project” and planning the follow-up “automotive electronics, R&D centre project”.
Continue Reading![Cooper Kunshan tyre factory forced to limit production](https://www.tyrepress.com/wp-content/uploads/2023/08/固铂.jpg)
Cooper Kunshan tyre factory forced to limit production
In May this year, China’s environmental protection department imposed a penalty on the Cooper Kunshan factory, restricting production on the grounds of violating the “Air Pollution Prevention and Control Law”. At the same time, the tyre manufacturing base was fined 240,000 yuan.
Continue Reading![New Forceum Trideka MPV tyre](https://www.tyrepress.com/wp-content/uploads/2023/08/kWjl9fGUOwmhlVKmN0a4.jpg)
New Forceum Trideka MPV tyre
At the start of August, EP Tyres reported that it has developed a new small MPV tyre under its Forceum brand.
Continue Reading![New Accelera drifting tyre launched](https://www.tyrepress.com/wp-content/uploads/2023/08/Accelera-651.jpg)
New Accelera drifting tyre launched
Indonesian tyre manufacturer, Elang Perdana (EP Tyres) has released the 651 Pro under its Accelera brand.
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