Indian tyre makers MRF Ltd. and JK Tyre & Industries have published their annual reports for the 2023-24 financial year ahead of their respective annual general meetings on 1 and 2 August. Both documents can be read and downloaded here.
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.
Toyo Tire Corporation has published its Integrated Report 2023, a document that provides information about the company’s financial performance and activities in other areas, including progress in Mid-Term ’21 Plan, the company’s mid-term business plan.
In order to “further deepen dialogue” with its stakeholders and to give them a “comprehensive understanding” of its approaches and initiatives for enhancing corporate value over the medium to long term, Bridgestone Corporation has published the Bridgestone 3.0 Journey 2023 Integrated Report. This document covers activities occurring between 1 January and 31 December 2022 and includes a range of facts and figures.
Sumitomo Rubber Group, Japan-headquartered manufacturer of the Falken tyre brand, has published its 2022 annual report. Within the 49 pages of the Fact Book 2022 the company reports its performance in the 2022 financial year – a 58% year-on-year drop in profit despite higher sales revenue – as well as information about its operations around the world, including in the UK.
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.
Pirelli’s 2019 Annual Report will feature new writing from Emmanuel Carrère and John Seabrook, and illustration by Selman Hoşgör. The Italian tyre manufacturer is continuing its decade-long tradition of “enriching” its report, entitled ‘The Road Ahead’, with new artist commissions. Pirelli says this helps to tell the company’s story “beyond the numbers alone.” The three artists have produced work based on the theme of resilience, or the “capacity to react, change and improve”, as Pirelli defines the word. While the theme resonates with the current context, Pirelli adds that the commissions were conceived before the changes imposed by Covid-19. However the emergence of the pandemic figure large in the pieces ‘Noon at our door’ by Carrère and ‘The Zoom brigata’ by Seabrook.
Michelin has released its Universal Registration Document, a tome exceeding 400 pages that contains a wealth of corporate information.
Sweden’s Trelleborg Group has released its Annual Report for 2017. The 135-page document includes an assured sustainability report and can be downloaded in PDF format here.
Nokian Tyres has published its Annual Review and Financial Review 2017 and Corporate Sustainability Report 2017.
Better late than never – as 2017 draws to a close, we can pour ourselves a hot drink, sit by the fireplace and peruse the Toyo Tire & Rubber annual report for 2016. The 61-page document outlines the company’s progress since introducing its Mid-Term 14 business plan and outlines the new Mid-Term 17 plan, which calls for net sales to increase (from the 2016 financial year) 25.8 per cent to 480.0 billion yen (£3.2 billion) by the 2020 financial year, and for operating income to rise 21.7 per cent to 60.0 billion yen (£397.9 million).
Pirelli’s 2013 annual report, titled ‘Spinning the Wheel’, has been awarded a platinum medal in the Annual Reports 2014-2016 competition held by Graphis, a magazine dedicated to pre-eminent design production around the world. Spinning the Wheel was one of only eight annual reports to achieve platinum status; a further 77 were awarded gold and 92 received a silver medal.
Pirelli has published its 2014 Annual Report. The 389 page tome, which can be downloaded from Tyrepress.com’s company profiles section, contains details of Pirelli’s production and financial performance, along with the tyre maker’s priorities for 2015 and other specific areas of interest.
Michelin has published its 2014 Annual and Sustainable Development Report. Titled ‘Open Minded’, the 94-page report pays homage to the tyre maker’s innovations and achievements. It also outlines the key Michelin financial indicators and the new organisational structure set up last year. The report also lists Michelin’s ‘Ambitions 2020’ goals.
Reporting what looks likely to be its last full year results before ChemChina takes control, Pirelli has confirmed marginally improved financial data in its tyre business for the full year 2014. EBIT rose 4.5 per cent to 852.6 million euros (815.7 million euros in 2013), though revenues were marginally down (0.4 per cent) to 6,007.5 million euros. Total net profit was up 8.6 per cent to 332.8 million euros (versus 306.5 million euros in 2013).
If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.
Pirelli