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Three consecutive seasons, one set of tyres. The modified Mercedes 1622 800HP of Giti-sponsored Truck Team Holten has just achieved this noteworthy distinction after securing a hard-fought seventh place in Rallye Breslau 2022. Giti Tire calls this the “ultimate test” for its products.
As reported on Tuesday, Yokohama Off-Highway Tires (YOHT) has opened its third factory in India. Yokohama Rubber has shared some additional details about the new plant in Visakhapatnam, Andhra Pradesh, which alongside existing facilities in Dahej, Gujarat and Tirunelveli, Tamil Nadu will produce YOHT’s core Alliance, Galaxy and Primex off-highway tyre brands.
Bridgestone’s newest ultra-high performance tyre, the Potenza Sport offered the best results in wet and dry performance in the latest Auto Express tyre test. The tyre was able to make the most of its home field advantage as the magazine used Bridgestone’s Aprilla proving ground, just besting Goodyear’s Eagle F1 Asymmetric 6 by 0.5 per cent. Another notable result was the third-place finish of the Maxxis Victra Sport 5, which adds to a growing list of test successes proving that the brand is increasingly able to hold its own against the traditional premium brands. The test was conducted on the biggest selling 18” tyre size, 225/40R18 92Y. This UHP tyre test of seven products was split from the “UUHP mini test” of three of the highest-performing road tyre products, won by the new Continental SportContact 7. For the UHP test, Auto Express weighted its results to reflect UK driving needs: wet tests counted for 50 per cent of the final mark, dry 40 per cent, and the remaining 10 per cent on noise, fuel economy and price.
Last Friday, CTS Tyre Recycling broke ground on the first-ever tyre recycling facility in Western Australia. Construction work will begin in the coming weeks, and when the AU$7 million (£4.1 million) plant enters service, it will have a capacity to process around 30,000 tonnes of end-of-life tyres a year with the possibility of doubling this at a later date. The facility’s aim is to help Western Australia manage the impact of Australia’s recently-introduced ban on waste tyre exports.
Engineers from Australia’s RMIT University have managed to replace 100 per cent of conventional aggregates in concrete – such as gravel and crushed rock – with rubber from discarded tyres to create a product that meets building codes. The team behind the project says that in addition to contributing to the circular economy, the new greener and lighter concrete also promises to reduce manufacturing and transportation costs significantly.
Prinx Chengshan and leading Chinese e-commerce firm JD.com have reached a strategic cooperation agreement. The deal will see JD.com’s automotive department distribute Prinx brand electric vehicle tyres, a new product launched by Prinx Chengshan in 2022, amongst other things.
The recent opening of a plant in Serbia testifies that Shandong Linglong Tire has big plans for Europe. One of its key markets within the region is Germany, and the tyre maker has now found a new distribution partner for this country, as well as for Austria and Switzerland – the ‘DACH’ region. German tyre wholesaler and retailer Reifen Straub has taken on this role.
For the first time since being acquired by China’s Doublestar four years ago, Kumho Tire has published an annual report. Under the title ‘Up and Running’, the South Korean tyre maker reports on the course of the 2021 business year, which the manufacturer closed with a turnover of KRW 2.6 trillion won (£1.65 billion), a year-on-year increase of 20 per cent.
Toyo Tire Corporation achieved a 20 per cent year-on-year increase in net sales in the first half of 2022, with the total rising to 223,667 million yen (£1.373 billion; 1.626 billion euros). At the same time, operating income came in at 25,972 million yen (£160 million; 189 million euros) in the first half of 2022. Both figures outperformed the companies first-half 2022 forecasts.
Pirelli & C. SpA reports higher revenues and profit in the first half of this year despite lower volumes. The company has also updated its full-year targets for 2022.
After a four-year absence thanks to Covid-related restrictions, PCL is gearing up for a return to Automechanika Frankfurt and its team preparing to welcome customers between 13 and 17 September in Hall 8, Stand H52. The company promises to bring an “innovative package of new products” for visitors to explore.
After an April to June period punctuated by negative EBIT and a net loss, tyre maker and automotive components supplier Continental says it is “looking ahead to the second half of the year with optimism.” It is also maintaining its full-year outlook despite a current headwind that chief financial officer Katja Dürrfeld describes as being “rather like a hurricane.”
Last November, US-based sustainable materials firm Bolder Industries announced that it had entered into a partnership with major recycler Liberty Tire Recycling. The two companies have now completed a formal agreement outlining their North American partnership.
On 28 June 2022, Huntington Business Credit announced it closed $35 million of new credit facilities with American Kenda Rubber Industrial Co. Ltd. (Kenda USA). According to Huntington Business Credit, the funds were used to “refinance existing indebtedness and provide ongoing working capital growth financing.
Norwegian tyre business Norgesdekk has bought 67 per cent of the shares of Valla Dack AB as part of a move into the Swedish market. The Swedish business, which turns 40 this year, had a turnover of more than SEK 190 million in 2021 (£15.444 million; 18.330 million euros).
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