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Pirelli unveils Q3 results, introduces new Industrial Plan

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At yesterday’s presentation of its 2013-2017 Industrial Plan in London, Pirelli & C. SpA highlighted its performance since the presentation of its previous Industrial Plan in 2011 (which covered 2011-2015) and stated its aims for the current period. The event followed the release of the company’s third quarter figures on 5 November. The headline figures for the third quarter are net sales of €1.52 billion (down 2.19 per cent year-on-year, operating income of €201.0 million (up 2.87 per cent), EBIT margin of 13.2 per cent (12.6 per cent in Q2 2012) and net income up 27.36 per cent to €108.0 million.

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Related news:

  1. Conti releases Q3 results, lifts EBIT target
  2. Goodyear “On the Right Path” in Second Quarter
  3. ‘Ambitious growth strategy’ paying off as Lanxess profits jump 60% in Q1
  4. Goodyear income 39% above consensus
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Dunlop celebrates 125 years in competitive sport with ‘one of most successful’ seasons

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Dunlop’s motorsport heritage dates back as long as the brand itself, but even with such a history it is fair to say that its 125th year represented a strong showing. The manufacturer says entering races with open tyre supply is an important part of its drive to innovate and develop, although it continues to provide control tyres to a number of championships too. Dunlop emphasises particularly its endurance victories, which this year have included the Nürburgring 24H, VLN 6hrs, Le Mans 24h LMP2 and FIA World Endurance Championship and European Le Mans Series race victories too. Dunlop says it uses these championships to develop new technologies and concepts that then cascade into their standard motorsport tyre range and ultra high performance road car tyre range.

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Related news:

  1. Dunlop joins Isle of Man TT Races commercial portfolio
  2. BTCC renews Dunlop supply deal
  3. Bridgestone’s Aoki explains Phillip Island MotoGP race shortening
  4. Pirelli 2014 F1 tyres first details, special winter spec tyre for Jerez
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Conti releases Q3 results, lifts EBIT target

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Consolidated sales at Germany’s Continental AG reached €8.35 billion in the three months to 30 September, a 2.65 per cent increase on the same period of 2012. Adjusted sales were up 2.44 per cent to €8.31 billion. EBITDA rose 10.36 per cent year-on-year in the quarter to €1.32 billion (15.8 per cent of sales, up from 14.7 per cent) and EBIT grew 15.58 per cent to €886.3 million (10.6 per cent of sales, up from 9.4 per cent).

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Related news:

  1. Conti to double Otrokovice TBR capacity, widen export programme
  2. Apollo Tyres featured in ‘Around the World in 80 Brands’ book
  3. Pirelli unveils Q3 results, introduces new Industrial Plan
  4. ‘A new era’ for Continental in Stöcken, as LifeCycle retreading plant opens
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Pirelli to lift tempo in Russia

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At today’s presentation of its 2013-2017 Industrial Plan in London, Pirelli & C. SpA chairman and chief executive officer Marco Tronchetti Provera spoke of the need for a “change of pace” in its activities in Russia, noting that “we’re running late with our start-up plan.” The Russian market situation, and what Pirelli intends to do there, was then explained in greater detail by Gregorio Borgo, Pirelli’s general manager operations.

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Related news:

  1. Swoon – Pirelli unveils 2012 Calendar
  2. Kama a Tatarstan ‘best product’
  3. Golf GTI Pirelli Returns to the UK
  4. Pirelli industrial/consumer tyre business split continues
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January launch for 3 Michelin Pilot Road 4 tyres

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Michelin will bring its latest range of motorcycle tyres in January 2014, with three versions of the Pilot Road 4 available in a total of 17 sizes. The Pilot Road 4, Pilot Road 4 GT and Pilot Road 4 Trail have been developed to decrease wet braking distances. The GT version of the tyre has been awarded a major original equipment contract too; it will be fitted to the new BMW R 1200 RT, one of the bestselling bikes in its category.

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Related news:

  1. Michelin unveils latest moto offerings
  2. January Launch for Michelin Pilot Road 3
  3. Michelin Man Gets More ‘Socially Responsible’ in New Ads
  4. Michelin expands ‘most fuel efficient’ commercial vehicle tyre range
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Winter tyre labelling 2.0?

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With memories of Nokian’sill-fated alternative winter tyre label fresh in mind, I was interested to learn that Finnish tyre and vehicle test centre Testworld is making its own ice braking test result publically and freely available.

Let’s cast our minds back almost exactly a year. The new tyre labelling laws had just been introduced following six months of various manufacturers making certain data available.12 months on virtually all of that has died down and it is far from clear exactly how the market has received this concept, let alone consumers (see “Labelling compliance worse…”, “NTDA/Lanxess labelling report” and “Goodyear Dunlop: Labelling one year on” for more on this.

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Related news:

  1. EU tyre label under scrutiny – authorities begin 24-month project
  2. Re-globalisation of the international tyre market?
  3. Truck tyre replacement demand up 14 per cent
  4. Nokian announces ‘A’-rated winter tyre for electric vehicles
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Labelling compliance worse one year on

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Compliance to tyre labelling legislation is lower one year on from its introduction than it was in the opening months of the rules. According to research conducted by market analysts at Encircle Market, the amount of labelling talk has actually decreased since tyre labelling was introduced in November 2012. The research also reveals a number of other details demonstrating relative some degree of inertia when it comes to the subject of tyre labelling.

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Related news:

  1. More than half of consumers aware of tyre labelling
  2. 93% consumers don’t require tyre labelling info
  3. Europeans are getting familiar with tyre labelling, but seldom use it
  4. Lanxess: “Green Tyres” save truck drivers save truck drivers 8.5 per cent on fuel
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Conti: ContiEcoContact 5 is ‘ultimate eco performance tyre’

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Developed in co-operation with Europe’s leading car manufacturers, the ContiEcoContact 5 “sets new standards in terms of the environment and safety”, according to Continental. As we all know, the continued challenge in tyre design is to reduce rolling resistance and wear whilst, at the same time, ensure that the tyre is still good at wet braking.

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Related news:

  1. Why Doesn’t the Government Ride on Retreads?
  2. Semperit Adds 70 Series
  3. Fiat selects 2 Goodyear tyres to equip 3 new 500 models
  4. Bridgestone reveals second generation air-free concept tyre
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Bridgestone launches Movember campaign

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Those of you sporting a lustrous ‘Burt Reynolds’, a horseshoe or full imperial, or even just run of the mill upper lip hair, will definitely want to keep the razor at arm’s length this month. Today marks the start of ‘Movember’, and Bridgestone is getting in on the action. The facially hirsute-friendly company has launched its Bridgestone Bros campaign, which follows a moustache-festooned classic VW campervan as it cruises across Europe searching for the “biggest, bushiest and most brilliant moustaches” and encouraging people to get involved to raise money and awareness for men’s health.

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  1. Bridgestone extends championship skiing support
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Maxxis: brand and distribution better than ever

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It has been a good year for Maxxis’ parent company Cheng Shin Rubber, according Maxxis International UK managing director Derek McMartin. The fact that headcount is up more than 10 per cent to 30,000 and that the company has announced in the last year or so that it is investing in three new factories (Xiamen, Chongqing and Taiwan). The Taiwan project is said to have achieved phase one output of 27,000 tyres a day already, which will rise to 100,000 tyres a day a full capacity (phase four).

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Related news:

  1. Littlewood takes on Maxxis brand manager role at Stapleton’s
  2. Starco Schaad brand image launched at Agrama
  3. Blackcircles and Dmack agree exclusive UK supply partnership
  4. Klarius to invest £1.5million from 2016
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Giti Tire reinforces European, OE focus – Hannover ‘Technical Platform’ takes on regional product development

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One size fits all is a poor solution when it comes to clothing, and it’s also an unacceptable compromise for tyres. What’s good for one market may gain a lukewarm reception in the next. For this reason Giti Tire, like other tyre majors, designs and manufactures market-specific products. This commitment to delivering tyres tailored to regional conditions and preferences was given a significant boost this year with the establishment of new research and development centres in the US and Germany. Towards the end of October, Tyres & Accessories visited Giti Tire’s new European Research and Development Centre just north of Hannover to find out more about the new facility and the people who’ll lead it.

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Related news:

  1. CITExpo Becoming Increasingly International
  2. Protean establishing factory for electric in-wheel drive system
  3. Pirelli unveils Q3 results, introduces new Industrial Plan
  4. 241 jobs as Schrader invests £56M in N Ireland TPMS facilities
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Production begins at Conti’s Kaluga plant

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The Russian city of Kaluga is home to several European vehicle manufacturers, including Volkswagen, PSMA and Volvo Trucks, along with suppliers such as Magna, Faurecia, Benteller and Gestamp. The name Continental now joins this list following the official start of production at the company’s new tyre factory in Kaluga on 29 October.

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Related news:

  1. Vredestein Aims for Icy Markets with New Arctrac
  2. CTNA Unveils Three New Truck Tyres
  3. Conti to double Otrokovice TBR capacity, widen export programme
  4. Kama a Tatarstan ‘best product’
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Bridgestone increasing PCR capacity in China

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Demand for passenger car tyres in China is forecast to rise over the medium to long term, and the high performance segment is particularly expected to see high growth. For this reason, Bridgestone Corporation’s group company in China, Bridgestone (Wuxi) Tire Co., Ltd., will increase production capacity at its Wuxi plant by approximately 5,300 tyres a day.

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Related news:

  1. Closure-threatened Bridgestone site receives Italian grant
  2. Dunlop Aircraft Tyres invests £4m into UK manufacturing
  3. Reifen China 2015 ready to go
  4. Emissions inspections push Chinese tyremakers to the brink
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Vettel claims Championship after early jettison of soft tyre

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Pirelli may have brought two slick compounds to India, but with the medium compound P Zero White performing far better than the soft P Zero Yellow, the Formula One tyre supplier was quick to suggest that getting the required stint on the latter briefly and early in the race was the quickest way to navigate the Buddh International Circuit. The race winner, Red Bull’s Sebastian Vettel followed this advice and was duly crowned winner of both the grand prix and F1 Drivers’ Championship, making him the youngest ever four-time world champion.

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Related news:

  1. Pirelli bringing 2014 F1 tyres to ‘end of era’ round
  2. F1 by numbers – Pirelli releases stats from 3 years of tyre supply
  3. Pirelli 2014 F1 tyres first details, special winter spec tyre for Jerez
  4. “Better weather and more running” for Pirelli F1 tyres in Bahrain
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Bridgestone extends championship skiing support

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Bridgestone is supporting the Audi FIS Alpine Ski World Cup as it launches this weekend with the women’s and men’s Giant Slalom in Sölden, Austria. The tyre manufacturer is now a major event sponsor at 39 World Cup Alpine Ski events, including this weekend’s opening races. This is Bridgestone’s third consecutive season of close association with the pinnacle of alpine sport, and the company will continue as a major sponsor of skiing until at least 2016, having signed a three year extension to its current deal.

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Related news:

  1. Bridgestone campaign supports Dreamworks animation
  2. Firestone Destination HP SUV tyre launches
  3. Firestone brand relaunch continues with Reading Festival sponsorship, new tyres
  4. Firestone launches Roadhawk touring tyre in Barcelona
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