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Sumitomo global brand Falken is recommending its Euroall AS200 all-season tyre to UK drivers reticent to invest in specialist winter products. While the manufacturer noted the widely accepted safety benefits full winter tyres can offer UK drivers, a recent Falken survey of 2,674 people suggested that motorists are reluctant to commit to the perceived high […]
Sentury Tire has produced the first Landsail-branded aircraft tyres. The new tyre can be fitted on Boeing 737-600, 737-700, 737-800 and 737-900 models that have a maximum take-off speed of 362km/h. Sentury told Tyrepress at Brityrex 2014 that it would produce 10,000 aircraft tyres each year. The manufacturer passed the necessary civil aviation standards for this […]
Executives are moving to re-open the former General Tyres and Tubes factory in Nigeria, according to local news sources. The bid to reopen General Tyres and Tubes Company, Emene, Enugu, a subsidiary of Innoson Group, the Bank of Industry (BOI) sees executives promise to meet the relevant stakeholders with a view towards resolving lingering problems between the company and the National Environmental Standards and Regulations Enforcement Agency (NESREA).
For the third quarter of the current financial year, Toyo Tire & Rubber reports achieving “record highs: for net sales, operating income, ordinary income and net income.
At its press conference at the EIMA agricultural show yesterday, Mitas a.s. announced that as of January 2015, it will replace the Continental brand name on its original equipment agricultural tyre products with Mitas branded products. The Mitas tyres it supplies will bear the ‘Mitas Premium’ name; this name is being given to a new product line of agricultural radial tyres for powerful machinery, and includes the HC 1000 and HC 2000 Very High Flexion (VF) tyres and Super Flexion Tyres (SFT). The VF tyres launched in September 2014 represent Mitas’ latest innovation.
After a close fight in the race to Cape Town, tyre maker Aeolus has congratulated the Dongfeng team for crossing in second place at 15:22:48 UTC on 5 November, just 12 minutes and 4 seconds behind Abu Dhabi Ocean Racing.
Dongfeng skipper, Charles Caudrelier: “As a team we might not have much experience in the Volvo Ocean Race but my men know how to fight and they fight for every 1 per cent. I have a great team around me and for leg 1 we are really happy. We were not the favourites, we knew this, but I also knew we could do great things. I chose men that could fight.”
Upon releasing its 2014 Top 100 Global Innovators list on 6 November, Thomson Reuters commented that its top 100 most innovative companies achieved nearly double the 6.85 per cent annual revenue growth rate of S&P 500 firms while increasing their research and development budgets by an average of 17 per cent year-on-year. One familiar tyre industry name on this list of worthies was Sumitomo Rubber Industries; the company views its inclusion on this year’s list as “further evidence of the great acclaim that we have earned for these and other innovative research and development efforts.” This is the second Top 100 appearance for Sumitomo Rubber Industries in the four years the list has been published – Thomson Reuters also chose to include the company in 2011.
Net profit went up 17.5 per cent in the second quarter of Apollo Tyres Ltd’s 2014-15 financial year, the company reported on 10 November. This positive result was achieved despite a slight decrease in net income from operations, and reflects a growth in exports from India and healthy performance in Europe.
The Yokohama Rubber Co., Ltd net sales increased 4.2 per cent in the first three quarters of 2014 to 429.8 billion yen (£2.369 billion; 3.015 billion euros; US$3.768 billion). Operating income increased 6.5 per cent, to 31.9 billion yen (£175.878 million; 223.792 million euros; $279.670 million); and net income increased 27.4 per cent, to 24.9 billion yen (£137.269 million; 174.673 million euros; $218.329 million). According to the company, all three of those totals were Yokohama’s highest ever in the nine-month period from January to September.
Pirelli has been recognized in the “Climate Disclosure Leadership Index Italy 2014” (CDLI), which evaluates the completeness of a company’s strategy against climate change and the transparency of its communication to stakeholders. Pirelli scored 99/100.
The result was announced 5 November in Milan during the presentation of the CDP Italy 100 Climate Change Report 2014, prepared by SDA-Bocconi with the support of IMQ, and focused on the ways in which the 100 biggest listed Italian companies face and manage climate change.
Yokohama says its BluEarth range demonstrates its commitment to reducing its environmental impact globally. The BluEarth AE-01 tyre encompasses much of Yokohama’s environmental technology and experience. The company pioneered “Orange Oil technology”, in which oil from the skin of citrus fruit is used to replace mineral ingredients in the tyre itself, reducing the petroleum-based constituents […]
As the first brand to achieve passenger car tyre double-A grading on both the European and the Japanese tyre labels with the EP001S, Bridgestone’s Ecopia product range must be considered one of the leading eco tyre ranges in the current, post-labelling era. More noticeably, in terms of the shape of the product at least, Bridgestone’s EP500 “ologic” large and narrow tyre is a signifier that more radical product design decisions are making it to production. While the terminology for tyres designed to be eco-friendly is not exactly fixed, with definitions subject to subtle variations depending on the manufacturer, the presence of a rolling resistance A or B-grade on both major tyre labels to use this measurement seems a fair way to define an eco tyre. Yet for premium brands, the label grades can only be one part of the picture, as the end user is likely to be more discerning about their product choice, having paid generally a higher price for the product.
Point S Development and Point S UK are celebrating the addition of Kerr’s Tyres to their network. Based in Northern Ireland, Kerr’s tyres is the first tyre retailer from the country to join the network and becomes the 200th Point S UK outlet.
A condition Michelin says must be fulfilled before it considers a return to Formula 1 tyre supply is the change from the 13-inch tyres now used to an 18-inch size. Therefore, the decision made by the tyre maker and Renault Sport Technologies to evaluate the use of 18-inch tyres in the Formula Renault 3.5 championship – a series it views as a “springboard for drivers looking to reach Formula 1” – could be viewed as Michelin taking a step closer towards picking up where it left off in 2006. The two parties are also looking into using 17-inch tyres in the Formula Renault 2.0 championship.
Following weak performance in Russia and the CIS region in the third quarter of 2014, Nokian Tyres has revised its operating profit projection for the full year. The Finnish company now estimates operating profit of €300 million to €320 million for 2014, considerably lower than last year’s €385.5 million. Net sales, as per previous guidance, are also expected to fall compared with 2013.
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