![The top 500 Chinese brands include nine tyre companies](https://www.tyrepress.com/wp-content/uploads/2024/06/Top-500.png)
The top 500 Chinese brands include nine tyre companies
On 19 June, the World Brand Lab released the latest “China’s 500 Most Valuable Brands” list. Compared with the data in 2023, there are still nine tyre manufacturers on this brand value list, and the ranking has not changed.
Continue Reading![JK Tyre launches next generation commercial vehicle tyre lines](https://www.tyrepress.com/wp-content/uploads/2024/06/jk-jetway-1-scaled.jpeg)
JK Tyre launches next generation commercial vehicle tyre lines
Leading Indian truck and bus radial (TBR) manufacturer, JK Tyre & Industries has introduced its new and advanced range of commercial tyres for the transportation sector. The company introduced four new variants, the Jetway JUM XM, Jetway JUC XM, Jetsteel JDC XD, and the Jetway JUXe for electric buses. JK Tyre states that the expansion of its product portfolio underscores its “dedication to providing advanced, high-performance solutions that combine superior performance, economic benefits, and environmental responsibility.” It said the launch was a “significant milestone” in its commitment to driving sustainable mobility solutions; the tyres are designed to enhance performance, operational efficiency, cost savings and sustainability.
Continue Reading![Vildósola Sr wins class on Toyo Open Country tyres at SCORE Baja 500](https://www.tyrepress.com/wp-content/uploads/2024/06/2024-score-baja500-toyo-highres-41.jpg)
Vildósola Sr wins class on Toyo Open Country tyres at SCORE Baja 500
Toyo supplied a racing version of its Open Country M/T 4x4 tyre to several competitors in the SCORE Baja 500 took place (Ensenada, Baja California, Mexico; 29 May to 2 June). Only 169 of the 254 starting racing teams made it to the finish line of the challenging 777.26 km course, among them Gustavo Vildósola, his son Tavo Vildósola, Bryce Menzies, Christopher Polvoorde and Justin Davis, who all relied on Toyo rubber.
Continue Reading![Read and download Tyres & Accessories Magazine June 2024 now](https://www.tyrepress.com/wp-content/uploads/2024/06/TA-June-2024-featured.png)
Read and download Tyres & Accessories Magazine June 2024 now
Tyres & Accessories features the tyre retail sector and ultra-high performance tyres in the June 2024 issue, available as an e-paper for subscribers to Tyrepress. The issue also features a special report on the Chinese tyre industry from Shandong Province, as Tyres & Accessories and Chinese language sister website Tyrepress China visit the 14th GuangRao Rubber Tire and Automotive Accessory Exhibition. Non-subscribers can gain access to Tyrepress with a print or online subscription. Tyre professionals can take advantage of the current Tyrepress Membership offer, helping to drive business online and stay informed with the industry’s leading magazine and websites.
Continue Reading![Remember This? – Tyres & Accessories June 2024](https://www.tyrepress.com/wp-content/uploads/2021/08/june-09-full-C-FC.png)
Remember This? – Tyres & Accessories June 2024
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 June 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 – June 2024](https://www.tyrepress.com/wp-content/uploads/2024/06/TA-June-2024-featured.png)
Tyre News in Numbers – June 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 June 2024 magazine... 13.6 billion yuan: The revenue – equating to £1.476 billion or €1.732 billion – generated by China’s biggest online tyre retailer, Tuhu, which went public at the beginning of this year.
Continue Reading![Hubtrac Europe raises third-quarter 2024 sales forecast](https://www.tyrepress.com/wp-content/uploads/2024/06/Hubtrac.jpeg)
Hubtrac Europe raises third-quarter 2024 sales forecast
Hubtrac Tires Europe’s sales division has raised its sales forecast for the third quarter of 2024. According to the company, executives of which Tyres & Accessories met with during the recent Tire Cologne exhibition, the revision is primarily driven by “the strategic geographical advantage of its top-tier production plant in Serbia and the recent sharp increase in shipping prices from China and Southeast Asia to Europe”.
Continue Reading![Lapin Kumi and Colmec form joint tyre services group](https://www.tyrepress.com/wp-content/uploads/2024/06/David-Boman.jpg)
Lapin Kumi and Colmec form joint tyre services group
The Finnish Lapin Kumi and Swedish Colmec tyre businesses are forming what they call “a new sustainable and customer centric tyre services group”. This step follows a similar move by fellow Swedish firms Centrala Gummi and Colmec earlier in the spring. The transaction is expected to close in the third quare 2024, subject to customary closing conditions.
Continue Reading![Michelin leading premium tyremakers in year-on-year share price performance](https://www.tyrepress.com/wp-content/uploads/2024/06/Michelin-share-price-performance.jpg)
Michelin leading premium tyremakers in year-on-year share price performance
Michelin is leading the pack when it comes to share price performance amongst the top five tyremakers in the past year. Indeed, while other tyremakers have been experiencing falling stock prices, Compagnie Générale des Établissements Michelin recently passed above its two hundred day moving average. But when you compare the one-year share price performance of Michelin, Bridgestone, Goodyear, Continental and Pirelli, Michelin is the clear leader.
Continue Reading![Goodyear shares fall to 52-week low, but institutional investors are buying](https://www.tyrepress.com/wp-content/uploads/2024/06/Goodyear-Google-Finance-1.jpg)
Goodyear shares fall to 52-week low, but institutional investors are buying
Goodyear Tire & Rubber Company shares fell to a 52-week low during trading on Tuesday 18 June 2024. Specifically, the stock price fell as low as $11.24 having previously closed at $11.53. However, there is also evidence that institutional investors are increasingly interested in the tyremaker’s shares.
Continue Reading![European Commission conducts further antitrust raids](https://www.tyrepress.com/wp-content/uploads/2019/01/European_Commission_flags-2.jpg)
European Commission conducts further antitrust raids
The European Commission has confirmed it is carrying out “unannounced inspections” in connection with raids at the offices of a number of tyremakers earlier in the year. This round of raids, however, has only taken place at the premises of “a consultancy firm” in two member states, which suggests the case is beginning to focus its attention.
Continue Reading![Birla Carbon plants in Brazil, Hungary, and Egypt gain ISCC Plus Certification](https://www.tyrepress.com/wp-content/uploads/2019/10/art-close-up-ecology-886521.jpg)
Birla Carbon plants in Brazil, Hungary, and Egypt gain ISCC Plus Certification
Four Birla Carbon plants – Cubatão and Camaçari in Brazil, Tiszaújváros in Hungary, and Alexandria in Egypt, have secured the ISCC Plus certification.
Continue Reading![Linglong’s Serbia tyre factory certified by well-known OEMs](https://www.tyrepress.com/wp-content/uploads/2024/06/Linglong_factory_Serbia_2024.png)
Linglong’s Serbia tyre factory certified by well-known OEMs
In recent months, Linglong Serbia tyre factory has been certified by car manufacturers including: Nissan, Volkswagen, Audi, Ford, Stellantis group, Hyundai and Kia as well as the truck manufacturer MAN and approved for the production of original equipment tyres – an essential prerequisite for the production of tyres specified for delivery to automobile manufacturers.
Continue Reading![Jiangsu General increases PCR tyre capacity at Thailand plant](https://www.tyrepress.com/wp-content/uploads/2024/06/GS-Thailand2.jpg)
Jiangsu General increases PCR tyre capacity at Thailand plant
Jiangsu General said the Thailand plant’s construction project (Phase II) has been modified. Specifically, the tyre manufacturer has increased the production capacity of semi-steel radial tyres at overseas bases and cancelled the plan to expand the production capacity of full-steel radial tyres.
Continue Reading![Spanish automotive suppliers break 40-billion-euro milestone in 2023](https://www.tyrepress.com/wp-content/uploads/2024/06/IMAGE_PRESS-RELEASE_I-D-investment-and-the-power-of-exports-of-the-Spanish-industry-of-automotive-suppliers-create-a-billing-milestone.png)
Spanish automotive suppliers break 40-billion-euro milestone in 2023
The Spanish automotive supplier sector billed 41,529 million euros in Spain during 2023, a 10.3 per cent increase over 2022. This represents a milestone in the local industry, breaking the 40 billion euro barrier for the first time.
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