![New Catalunya Moto2, Moto3 records set on Pirelli rubber](https://www.tyrepress.com/wp-content/uploads/2024/06/david-alonso-cfmoto-gaviota-aspar-team-cfmoto--scaled.jpg)
New Catalunya Moto2, Moto3 records set on Pirelli rubber
The all-time track and race lap records for the Moto2 and Moto3 championships were substantially improved at Catalunya, continuing a streak of broken records broken on Pirelli tyres. The Diablo Superbike slicks helped riders reduce lap times on the Montmelò track.
Continue Reading![Direct retail, pre-sale research and social media in China and Europe](https://www.tyrepress.com/wp-content/uploads/2024/05/w700d1q75cms.jpg)
Direct retail, pre-sale research and social media in China and Europe
With China’s biggest online tyre retailer, Tuhu, having gone public at the beginning of this year, and with that firm alone generating annual sales of 13.6 billion yuan (£1.476 billion; 1.732 billion euros; $1.878 billion), the recent livestream panel discussion that took place between Tyres & Accessories and Car & Tire in China moved on to the similarities and differences between the online tyre business in the UK and Europe compared with China. The discussed touched on subjects including direct retail, pre-sale research and social media.
Continue Reading![Jiangsu General Cambodia tyre plant capacity reaches 5.9 million units](https://www.tyrepress.com/wp-content/uploads/2024/05/Jiangsu-General.jpg)
Jiangsu General Cambodia tyre plant capacity reaches 5.9 million units
Jiangsu General held an overseas dealer conference in Cambodia on 22 May and celebrated the first anniversary of its Cambodian tyre production base. At the meeting, the tyre manufacturer announced that the first phase of the Cambodian project had reached production. In other words, its Cambodian factory can now produce 5 million semi-steel radial tyres and 900,000 all-steel radial tyres per year.
Continue Reading![Why you should optimise automotive maintenance for commercial fleets](https://www.tyrepress.com/wp-content/uploads/2024/05/AF1.jpg)
Why you should optimise automotive maintenance for commercial fleets
Fleet managers often overlook optimising automotive maintenance. From regular oil changes, tyre and break checkups to buying new wiper blades like those at WindshieldWipers or elsewhere, maintaining your fleet of vehicles in top shape ensures your business remains efficient around the clock.
Continue Reading![Remember This? – Tyres & Accessories May 2024](https://www.tyrepress.com/wp-content/uploads/2021/08/may-09-full-C-FC.png)
Remember This? – Tyres & Accessories May 2024
Remember This? - May 2024: Stories from the past 20 years of T&A... 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 May 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 – May 2024](https://www.tyrepress.com/wp-content/uploads/2024/05/TA-MAY-24-Featured.png)
Tyre News in Numbers – May 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 May 2024 magazine... $800-1,000 million: The valuation of Goodyear’s OTR tyre business by financial analysts at Jeffries. Goodyear has identified this segment alongside the rights to the Dunlop brand and Goodyear Chemical as parts of its business open to offers as it continues to restructure its business in the wake of leadership changes in 2023.
Continue Reading![JK Tyre investing in additional production capacities](https://www.tyrepress.com/wp-content/uploads/2024/05/JK-Tyre-capacities-sml.jpg)
JK Tyre investing in additional production capacities
During a recent earnings call, JK Tyre & Industries’ managing director, Anshuman Singhania, shared that the company is investing Rs 14 billion (£131.76 million) to increase its production capacities for TBR, PCR and ASLTR (all-steel light truck radial) tyres. He commented that these projects are “under implementation and progressing well.”
Continue Reading![Pirelli holds shareholders’ meeting](https://www.tyrepress.com/wp-content/uploads/2023/12/Pirelli-placeholder.jpg)
Pirelli holds shareholders’ meeting
Pirelli & C. SpA held its Shareholders Meeting on 28 May. The meeting took place at Studio Marchetti in Milan and was attended by 88.26 per cent of the capital with voting rights, with participation through the Appointed Representative.
Continue Reading![Continental RDT-Master a Caterpillar OE option](https://www.tyrepress.com/wp-content/uploads/2024/05/continental_pp_rdt-master-sml.jpg)
Continental RDT-Master a Caterpillar OE option
Another original equipment approval for the Continental RDT-Master. Caterpillar has greenlighted the off-the-road tyre as a factory-fitted option on selected off-highway trucks it sells in global markets. Continental considers Caterpillar’s endorsement of its RDT-Master a “pivotal moment” that highlights the quality, durability, and performance of Continental tyres in the earthmoving segment.
Continue Reading![Non-tyre revenue to exceed 20% of Michelin total by 2030](https://www.tyrepress.com/wp-content/uploads/2024/05/Michelin-Capital-Day-sml.jpg)
Non-tyre revenue to exceed 20% of Michelin total by 2030
Michelin held its Capital Markets Day yesterday at its Research & Development Headquarters in Clermont-Ferrand, France. The company reported achieving its 2023 targets and presented updated 2030 ambitions, including the aim to grow non-tyre activities to over 20 per cent of total revenue.
Continue Reading![Hankook extends long-term partnership with UEFA Europa League and UEFA Conference League](https://www.tyrepress.com/wp-content/uploads/2024/05/20240523_EN_Hankook_Tire_extends-long-term_partnership_with_the_UEFA_03-scaled.jpg)
Hankook extends long-term partnership with UEFA Europa League and UEFA Conference League
Immediately following the conclusion of the 2023/24 season UEFA Europa League Final at the Aviva Stadium, Dublin, a somewhat unexpected 3-0 win for Gian Piero Gasperini’s Atalanta over Xabi Alonso’s otherwise undefeated Bayer Leverkusen team, official global sponsor Hankook Tire announced that it will extend its partnership with the competition and the lower tier Conference League, via its Laufenn brand, for a further three-year deal. The new deal extends to at least the end of the 2026/27 season the Korean tyre manufacturer’s relationship with the UEFA competitions, which debuted in 2012. The partnership is already the Europa League’s longest. Both the UEFA Europa League and the Conference League are expanding in the 2024/25 season, affording the Hankook and Laufenn brands increased exposure thanks to a revamped league phase. The showpiece event in Dublin offered a great spectacle on the European stage to Hankook, which has hosted corporate guests all around the continent as well as displayed its branding prominently across the continent as a result of its sponsorship deal this season.
Continue Reading![2024 Guangrao Tyre Exhibition attracts 150,000 – organisers](https://www.tyrepress.com/wp-content/uploads/2024/05/GuangRao-scaled.jpg)
2024 Guangrao Tyre Exhibition attracts 150,000 – organisers
The 14th China (Guangrao) International Rubber Tire and Auto Accessory Exhibition ran from 15-17 May and reportedly achieved some record-breaking results. Exhibition area reached 52,000 square metres, and the three-day exhibition attracted more than 780 exhibitors from the tyre industry.
Continue Reading![Yokohama faces penalties from Chinese customs](https://www.tyrepress.com/wp-content/uploads/2024/05/Yoko-CN.png)
Yokohama faces penalties from Chinese customs
The Chinese customs department punished Yokohama’s Suzhou factory for “false declarations and unpaid taxes”.
Continue Reading![Double Coin is increasing PCR production capacity](https://www.tyrepress.com/wp-content/uploads/2024/05/Double-Coin.jpg)
Double Coin is increasing PCR production capacity
Recently, Huayi Group announced its 2023 results. Double Coin, which is responsible for the company’s tyre business, reported 2023 revenue of 10.184 billion yuan (approximately £1.1 billion; €1.3 billion), a year-on-year increase of 1.64 per cent per cent. Throughout the year, the company produced 14.509 million tyres and sold 14.874 million tyres, an increase of more than 10 per cent from the previous year.
Continue Reading![Fangxing Rubber to double car tyre production capacity in 2024](https://www.tyrepress.com/wp-content/uploads/2024/05/Fang-Xing-scaled.jpg)
Fangxing Rubber to double car tyre production capacity in 2024
Tyrepress China learned during the 2024 Guangrao Tyre Show that local tyre manufacturer Fangxing Rubber is implementing a production expansion plan. Specifically, Fangxing Rubber’s current production capacity is 3 million truck and bus radials (TBR) and 3 million passenger car radials (PCR). After the expansion plans are enacted, the company will have increased its production capacity for TBR and PCR to 5 million and 6 million, respectively.
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