For the first time in nearly a decade, the Goodyear Blimp will take flight over Europe. The Goodyear Blimp operating in Europe will be a Goodyear-branded, Zeppelin NT airship, operated by Deutsche Zeppelin-Reederei GmbH of Friedrichshafen, Germany. This marks the latest chapter in a nearly 100-year relationship between Goodyear and Zeppelin.
Financial analysts from Jefferies described Continental AG’s plan for fiscal improvements during the corona-crisis “encouraging”, according to an analyst report published 15 May 2020. That Conti’s management highlighted “positive data points in China and the European replacement tyre market”, would seem to be positive indications for the whole tyre business. Specifically, replacement tyre demand was described as “strong” in Germany. However, R&D budgets are likely to be cut and there was even the suggestion that European tyre factory numbers could also be cut back.
Cooper Tire & Rubber Company has reported a first quarter 2020 net loss of $12 million, compared with net income of $7 million in same period last year. Unit volume decreased 15.8 per cent compared to the first quarter of 2019. Net sales decreased 14.1 per cent to $532 million. Operating loss was $6 million, or 1.2 per cent of net sales, compared to operating profit of $26 million, or 4.3 per cent of net sales, in 2019.
TECH Europe has partnered with Italmatic as its new distributor in Italy. According to the company, the news means Italmatic is “positioned now more than ever to offer a complete line of tyre repair materials and wheel service solutions to the Italian market, which includes everything from motorbike to OTR repairs, along with the essential chemicals and tools to ensure a safe and high quality repair”.
In April 2020 many European countries reached the peak of new infections resulting from the coronavirus, something that is likely to lead to a massive fall in trailer production in the second and third quarters of 2020, according to analysts Clear. During April many trailer manufacturers closed their business in April in order to comply with government recommendations on social distancing but also because there was little or no business to be done. Now manufacturers are having to consider how they can resume production to at least meet the low level of demand that will exist in Q2 2020.
On 29 April, the European Parliament announced that new tyre labelling rules have moved a step closer to implementation. The European Parliament and the Council of EU reached an informal agreement on the labelling scheme in November 2019. The Council formally endorsed the rules in February 2020 and Parliament’s industry, research and energy committee voted in favour of them on 28 April 2020. The Parliament as a whole must now approve the deal in order for the new labels to be rolled out.
As well as providing its retreading partners with the necessary materials to contribute to securing people’s basic needs across Europe and keeping truck rolling, Kraiburg reports that it is also committed to those who fight on the medical “front lines”.
The phased approach that Goodyear is taking to restart its tyre production in the EMEA region continues. The company has already announced that truck tyre production is up and running again at some sites in Europe, with tyre making partially recommencing in plants in Colmar-Berg (Luxembourg), Wittlich (Germany), Kranj (Slovenia), Debica (Poland) and Izmit (Turkey) over the last two weeks. The next plants to return to production are Goodyear’s Hanau, Fulda, Fürstenwalde and Riesa plants in Germany and in Amiens, France – all five will begin working this week.
Pirelli has launched a suite of initiatives for motorists wanting to carry out tyre and vehicle maintenance during the Covid-19 pandemic, while respecting social distancing.
Bridgestone EMIA has announced that it is gradually resuming manufacturing operations across its network in response to “business and customer needs”.
Test World reports that it is remaining open to “operate and fulfill a busy schedule of indoor tyre and vehicle testing during the global COVID-19 pandemic”. Writing in an email to customers and contacts published 31 March 2020, company representatives said: “Operating within official health guidance to the strictest degree and treating the health and wellbeing of its staff as the utmost priority, Test World strives to minimise disruption to the industry in these unprecedented times.”
Apollo Vredestein is scaling back production at its European plants in Hungary and the Netherlands in addition to “taking measures to protect our workforce in line with government health advisory and measures” against coronavirus/Covid-19.
Following the news that Volkswagen Group is planning to temporarily suspend production at its European plants due to the deepening impact of the coronavirus (COVID-19) crisis, David Leggett, Automotive Editor at GlobalData, commented:
In spite of what it calls a “soft” market for car tyres in Europe last year, Nokian Tyres maintained its level of net sales throughout the period. Operating profit was lower year-on-year, and profit considerably increased. Operating profit is expected to take another tumble in 2020.
Various road and climatic conditions are encountered within the Continental Tire division’s Europe, Middle East and Africa (EMEA) business, and for this reason, it is introducing commercial trailer tyres that reflect regional requirements. The first of these is the Conti Hybrid HT3 WR.
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