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Hannover-based Continental AG is a leading automotive supplier and – according to the company – is “the choice of leading car manufacturers, offering award-winning tyres that deliver responsive braking in all weather conditions.”

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Continental may get as little as £70 million for Russian business

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When Continental first discussed setting up a plant in Russia back in 2011, it spoke of an investment of around 220 million euros. According to sources within Russia, the German company may only recover a fraction of this amount when divesting its local operation to S8 Capital. Moscow-based newspaper Kommersant states that the transaction is valued at 7 to 10 billion roubles, or just 80 million to 114 million euros, a figure in line with the “impaired assets of around 87 million euros” that Continental reported in connection with its business activity in Russia on 8 March 2023.

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Related news:

  1. Continental in Russia: S8 Capital named again as likely buyer
  2. Report: Continental signed Russia divestment deal in February
  3. Output at Continental’s Kaluga plant exceeds 10 million tyres
  4. Nokian becomes Ikon in Russia
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Continental extends & appoints

At its meeting yesterday, the Continental AG Supervisory Board extended the appointment of Nikolai Setzer, the company’s chief executive officer and Executive Board chairman. It also appointed Philipp von Hirschheydt as a new Executive Board member for the Continental Automotive group sector, effective 1 May 2023.

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Related news:

  1. Continental chooses site in Thailand for new APAC region tyre factory
  2. Continental reorganises top management within Tire division
  3. Continental appoints Katja Dürrfeld chief financial officer
  4. ‘Integrity & Law’ function added to Continental Executive Board
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Cross-sectionality: Volvo’s XC40 and the intersection of 4×4, SUV and electric vehicle-specific tyres

Photo: Volvo

For years the rise in prominence and market share of high-value and high-margin SUV and 4×4 tyres has continued unabated. During that time the boundaries between cross-over vehicles (CUV), sports utility vehicles (SUV) and 4x4s have been well and truly blurred. Now, with electric drivetrain technology coming to the fore as well, and with some tyre manufacturers making the case for specific electric vehicle-orientated tyres, is a new ultra-high value combined niche emerging? And if so, what does such intersectionality, or perhaps more appropriately since we are talking about tyres cross-sectionality, mean for the wider tyres business?

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Related news:

  1. Nokian wins Auto Express all-season tyre test; dry performance remains ‘concern’ for segment
  2. 3 tyres rated ‘exemplary’ in Auto Bild’s winter tyre test
  3. Auto Express all-season tyre test 2020: Continental, Goodyear and Hankook take the honours
  4. New Alfa Romeo Tonale rolls on Pirelli P Zero tyres
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Continental embarking on 35-country fleet roadshow

On 2 May, Continental will drive the first mile of a two-year journey that will bring its portfolio of truck tyres and services to fleet customers throughout Europe. By the time the Continental European Roadshow draws to a close in 2025, it will have covered more than 9,000 miles and visited 35 countries.

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Related news:

  1. Continental adds to TPMS portfolio with launch of ContiConnect
  2. Continental to present ContiConnect evolution at IAA
  3. Continental adds features to ContiConnect
  4. PEMA: Conti360° CESAR benefits “exceeded our expectations”
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Bandvulc debuts next-generation bus & coach tyre

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Bandvulc has launched a new tyre for bus and coach operators. Introducing Citymaster 5, the Continental-owned retreader states that the tyre “majors on delivering exceptional reliability, durability and safety for operators of passenger carrying vehicles.”

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Related news:

  1. Bandvulc introduces Wastemaster 5
  2. Bandvulc to supply Continental, retread tyres, support to MC Rental
  3. Bandvulc Ivybridge plant becomes Continental LifeCycle facility
  4. Tyres & TPMS: Whitelaws benefits from Continental connection
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Continental opens global tyre Solution Center

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To support the digitalisation of tyre solutions, production processes and business workflows at Continental Tires around the world, the company has assembled a team of IT and related specialists at a new facility in Portugal. This Solution Center is located near the Continental tyre plant in Lousado and employs around 80 people, with plans already in place to double the workforce by 2026.

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Related news:

  1. Continental plant reaches ContiSeal milestone
  2. Interview: Continental’s Tires head Christian Kötz on tyres, sensors and sustainability
  3. Preparing for re-entry: Continental returns to agri tyres with Project LousAgro
  4. Official opening held for Continental agri tyre plant
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Report: Continental signed Russia divestment deal in February

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Yesterday German newspaper FAZ named S8 Capital as the likely buyer of Continental’s business in Russia, including its tyre plant in Kaluga. Russian newspaper Kommersant adds further weight to the notion of a transaction involving the holding company.

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Related news:

  1. Continental in Russia: S8 Capital named again as likely buyer
  2. S8 Capital might acquire Continental’s Russian assets
  3. Output at Continental’s Kaluga plant exceeds 10 million tyres
  4. Tyre makers & the Russia dilemma
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Continental in Russia: S8 Capital named again as likely buyer

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Without naming its sources, German newspaper Frankfurter Allgemeine (FAZ) stated yesterday that Continental intends to sell its tyre factory in Kaluga, Russia to holding company S8 Capital. The publication shares that Continental is awaiting the transaction’s approval by Russian authorities. A Continental spokesperson told FAZ that the sale is at an “advanced stage.”

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Related news:

  1. S8 Capital might acquire Continental’s Russian assets
  2. Output at Continental’s Kaluga plant exceeds 10 million tyres
  3. Continental halts tyre exports from Russian plant
  4. Tyre makers & the Russia dilemma
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Germany’s Chancellor visits Continental tyre plant

German Chancellor Olaf Scholz carved a tyre prototype and inspected a truck & bus tyre retreading facility during his visit to Continental’s Hannover-Stöcken site yesterday. Accompanied by Dr Ariane Reinhart and Christian Kötz, Scholz also used the event as an opportunity to talk about carbon neutrality just two days after his government enforced the deactivation of Germany’s last three CO2-free nuclear power plants.

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Related news:

  1. Conti on climate change: Thousands of jobs depend on every political decision
  2. Market launch for Ronal’s carbon-neutral R70-blue
  3. Commercial dandelion production the goal of new Continental lab
  4. Continental announces plan for Aachen site – production ending in 2022
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Continental’s Burkhard Wies has “a new job”

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Christian Marx/Provil-Verlag

After more than 25 years with Continental, Prof. Dr. Burkhard Wies has, in his own words, taken on “a new job”. He is still in the service of the same tyre manufacturer, but was appointed to the position of Vice President Innovation & Applied Research effective the beginning of the year.

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Related news:

  1. Ex-Nokian R&D head joins Omni United
  2. Nikolai Setzer takes over as Continental CEO
  3. Yokohama appoints Watanabe head of tyre design department
  4. Continental Tires (China) appoints general manager
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Brand Finance: Michelin remains most valuable Tyre brand

No movement occurred on the podium of Brand Finance’s most valuable Tyre brands ranking for 2023, but while Michelin, Bridgestone and Continental respectively retain first, second and third places, Sailun appears on the radar as the fastest-growing tyre brand.

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Related news:

  1. Michelin the ‘most valuable and strongest tyre brand’ 2022
  2. Pirelli, Hankook continue close rivalry in list of Leading Tyre Manufacturers
  3. Brand Finance: Michelin most valuable and strongest tyre brand
  4. In pictures: NTDA Tyre Industry Award 2022 winners
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Teck Seng Chew named product manager for Continental’s port tyre business

Continental

Continental has appointed Teck Seng Chew as product manager for the port operation business in Continental Specialty Tires. The new role will see Chew “drive forward the strategic development of the port operation business and act as an interface to research and development, sales, quality management and customer service”, according to a company statement.

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Related news:

  1. Continental Tyres names new Material Handling Account Manager
  2. Continental creates fleet departments with truck tyre unit appointments
  3. Tony Stapleton appointed head of fleet sales, Continental UK and Eire
  4. Conti names ex-Hella exec Frank Petznick as head of ADAS
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Manufacturers jointly launch Agro Tyre Pressure app

Six well-known tyre manufacturers have teamed up to provide their customers with easier access to agricultural tyre pressure indications. Information from Apollo Tyres, Bridgestone, Continental, Michelin, Nokian Tyres and Trelleborg Wheel Systems is now available in a single app, Agro Tyre Pressure. Swiss firm Anura Associates developed the app for the tyre makers.

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Related news:

  1. 19 finalists chosen for 2015 AutoBild winter tyre test
  2. 3 tyres rated ‘exemplary’ in Auto Bild’s winter tyre test
  3. World’s leading tyre companies 2022: Michelin and Bridgestone neck and neck for pole position
  4. Continental announces ‘pressure monitoring’ tractor tyre
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S8 Capital might acquire Continental’s Russian assets

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Drawing upon information from two anonymous sources, Russian newspaper Kommersant has named Moscow-based holding company S8 Capital as a potential purchaser of Continental’s assets in Russia, including its tyre plant in Kaluga. Kommersant shares that S8 Capital, owned by entrepreneur Armen Sargsyan, has already acquired a lift manufacturing facility in St. Petersburg from Otis Worldwide Corporation.

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Related news:

  1. Tyre makers & the Russia dilemma
  2. How will war in Ukraine impact European tyre production?
  3. Continental: Russian tyre raw material supply will ‘gradually deteriorate’
  4. Pirelli Q1 EBIT up 35%, but full-year estimates revised down
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Bandvulc Ivybridge plant becomes Continental LifeCycle facility

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Bandvulc’s Ivybridge retreading plant is now a Continental LifeCycle facility. While continuing to design, engineer and manufacture Bandvulc-branded retread tyres, the site will align more closely with Continental’s existing LifeCycle plant in Stöcken, Germany. Bandvulc stresses that the plant’s new LifeCycle status won’t impact upon job security for its workforce, confirming that there are “no redundancies taking place as a result of the Continental rebranding.”

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Related news:

  1. Retreading: Continental talks environmental benefits
  2. Conti360° Fleet Services integrated Ivybridge location
  3. Continental implementing second ContiLifeCycle project phase
  4. 50 years of British retreads: Bandvulc marks half-century at forefront of sustainable production
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