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G.M.P. Group aiming for international expansion through Reedijk acquisition

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In a strategic move aimed at enhancing its presence in European markets and driving growth on a global scale, Italian alloy wheel manufacturer G.M.P. Group has acquired Netherlands-based tyre distributor Reedijk Wheels and Tyres Group. For Reedijk, this development represents “the next step in the development of a historically profitable collaboration between the companies” that began back in 2007. G.M.P. Group intends to use the acquisition as a vehicle for relaunching its Antera wheel brand.

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Related news:

  1. Antera wheel brand set for April revival
  2. Fintyre to open London head office
  3. Wholesaler Univergomma defies market trends in 2023
  4. Stalking horse – ATD enters asset purchase agreement with lender group
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Apollo Vredestein debuts new products, discusses market trends

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Domenico Gatti has been Cluster Director for Apollo Vredestein’s South West Europe business since 2021. Our Italian sister site PneusNews.it caught up with him at the EIMA show in Bologna earlier this month and discussed the company’s agro-industrial business, as well as wider topics such as the car and truck markets and the current crisis within the automotive sector.

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Related news:

  1. Apollo Tyres: Netherlands car tyre production down, but not out
  2. BKT-supported Tractor of the Year 2022 announces winners
  3. Vredestein to start new year with agri production boost
  4. New XL press in Enschede: Apollo Vredestein begins 5-year agri investment programme
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Pirelli announces administrative inquiry into CNRC’s potential breach of Italy’s Golden Power regulations

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Pirelli announced on 6 November that Italy’s Prime Minister’s Office has initiated an administrative procedure to investigate a potential breach by China National Tire and Rubber Corp. (CNRC) of Italy’s ‘Golden Power’ regulations. Should the investigation substantiate concerns over organisational links between Pirelli and CNRC, it could lead to new or reinforced restrictions on CNRC’s role within Pirelli’s corporate structure.

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Related news:

  1. Strategic tyre sensors – Italy confirms Chinese shareholder restrictions for Pirelli
  2. Pirelli governance remains unchanged pending agreement renewal
  3. Pirelli postpones shareholders’ meeting
  4. Golden Power: Pirelli plans to postpone Board nomination
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Zeppelin Systems opens new premises in Reggio Emilia, Italy

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Full-service provider of turnkey systems, plant manufacturer Zeppelin Systems has opened a new, modern 5,000sqm premises at the competence centre in Reggio Emilia. Together with Nuova Ciba, which was acquired in 2018, Zeppelin Systems has been active in the Italian market for many years. In addition to expanding its production capacities, the company is also pooling its expertise for the tyre and rubber industry, the plastic and polyolefin industry and the food sector with its heterogeneous, modern site.

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Related news:

  1. BBS waging war against brand pirates
  2. Pirelli truck tyre business to merge with Aeolus
  3. Fintyre creditor arrangement approved
  4. Juventus FC names Nexen Tire official tyre partner
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Eurogrip-branded EV tyres under development

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Eurogrip-branded electric vehicle (EV) tyres are on their way, as Indian tyremaker TVS Srichakra reported that it is developing advanced fuel-efficient tyres made for EVs and primarily targeting the Indian market.

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Related news:

  1. JK Tyre opens European Technology Centre in Milan
  2. Apollo aims for leadership in Indian two-wheel tyre market, Europe next
  3. Second Apollo R&D centre opens
  4. Michelin opens R&D laboratory in India
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Bridgestone industrialises Italian recycled rubber project in car tyre treads

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During July, Rubber Conversion’s Life Green Vulcan project was selected by the Italian Ministry of the Environment and Energy at the top of its LIFE Programme for the Environment and Climate Action. Life Green Vulcan demonstrated the use of recycled rubber for high-profile automotive applications. Specifically, Stellantis has industrialized spring pads containing 20 per cent recycled rubber, while Bridgestone has industrialized a car tyre tread containing 10 per cent recycled rubber by weight.

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Related news:

  1. Kubica Visits Bridgestone Poznan Tyre Plant
  2. Bridgestone Signs 300,000 Tyre Deal with LeasePlan
  3. Conversion to ‘general use’ tyres central to Bridgestone’s Bari plan
  4. Our worn tyre is better than the rivals’ new products, says Michelin
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Crugnola wins Rally Roma Capitale in Pirelli-shod Citroen C3

Andrea Crugnola won in a Citroen C3 running on Pirelli rally tyres for the second year running at the Rally di Roma Capitale, a round of the Fia European Rally Championship and the Italian Asphalt Championship. As well as Crugnola, who drove a strategically sound rally, there was another Pirelli runner on the podium, Simone Campedelli, who finished second in a Skoda Fabia thus ensuring the Italian Championship battle is still wide open.

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Related news:

  1. Pirelli P Zero RA tyres lock out Rally di Roma podium
  2. Pirelli Travels to UK for Decisive World Rally Stage
  3. Pirelli backs rally coaching initiative
  4. Compact format Rally di Sardegna means tyre management ‘even more important’ – Pirelli
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Hubtrac Partners with Magri Group in Italy

Hubtrac has announced a strategic partnership with Magri Group, a major Italian tyre distributor. The collaboration will bring Hubtrac tyres to the Italian market and is designed strengthen Hubtrac’s European presence. Hubtrac representatives reported that they are excited to partner with Magri Group’s extensive network.

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Related news:

  1. Kwik Fit expanding into Italy, across Europe
  2. Hubtrac team raises Q4 income expectations
  3. Giti, GT Radial Italian distributor hosts top dealers on track in Livigno
  4. Triangle Tyre Europe appoints Pizzamiglio as sales director Southern Europe
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Wholesaler Univergomma defies market trends in 2023

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Despite a challenging market environment, as highlighted by ETRMA data showing a further year-on-year decline compared to 2022, Univergomma Group defied the trend and significantly improved its economic and financial results in 2023. The Italian tyre distributor was even able to report record figures, with sales revenue exceeding €335 million, marking a five per cent increase. The group’s production value also surpassed €350 million, reaffirming its position as a market leader and a key reference point for Italian customers.

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Related news:

  1. Univergomma acquires Overgom
  2. Univergomma and Momo Tires report double-digit growth
  3. Univergomma reports 10% sales increase in 1H ‘23, Momo range renewal in ‘24
  4. EG Wholesale inaugurates new East Peckham warehouse
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Prometeon inaugurates new headquarters

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Prometeon Tyre Group is now at home in a new headquarters in Milan, Italy. The company now operates out of the SuperLab building in the Bicocca district.

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Related news:

  1. Roberto Righi becomes deputy general manager at Prometeon Tyre Group
  2. Football: PTG becomes Parma Calcio main sponsor
  3. Prometeon sponsors Italy’s national football teams
  4. Prometeon extends WorldSBK engagement with Yamaha team sponsorship
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Nexen hosts tyre dealer conference at Allianz Stadium with Juventus

At the end of June 2024, the first Nexen InnoForum was held at the Allianz Stadium in Turin in cooperation with Juventus FC. The event, organized as a dealer conference for direct retailers from all over Italy, reportedly “marked a milestone in the partnership between Nexen Tire and Juventus, which started almost a year ago”. The dealer conference attracted a total of over 70 participants from all over Italy.

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Related news:

  1. Juventus FC names Nexen Tire official tyre partner
  2. Nexen marketing brand with European football clubs
  3. 3 more years: Nexen Tire extends Eintracht Frankfurt sponsorship
  4. Football: Nexen Tire becomes AC Milan’s tyre partner
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BKT renews ‘Serie BKT’ sponsorship till 2028

BKT has renewed its position as Title Sponsor of Serie BKT until 2028, consolidating its long-term commitment with Lega Nazionale Professionisti B (LNPB). During the first six years of this partnership, BKT reports “remarkable…in terms of audience, spectators and competitiveness” across 41 Italian cities. In the upcoming sports season, four new cities will enlarge even more the territory in which the BKT Series is to be played.

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Related news:

  1. Football: BKT named title sponsor of Italy’s Serie B
  2. BKT sponsoring Australian cricket league
  3. BKT better positioned to serve OEMs with new European HQ
  4. American football: BKT the presenting sponsor for U19 European Championship
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Compact format Rally di Sardegna means tyre management ‘even more important’ – Pirelli

Tyre management at the Rally di Sardegna, the sixth round of the World Rally Championship, is “even more important” with a more compact 16-stage schedule, according to supplier Pirelli. Returning to Alghero, the event covers a total of 266.12 timed kilometres over three days of competition. There will be no service or tyre changing before the repeat runs, by which time the cars and tyres will have already been subjected to a lot of stress, meaning careful tyre management will benefit teams. In Sardinia the hard compound Scorpion KX WRC HB will be the prime and the soft compound Scorpion KX WRC SB will be the option.

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Related news:

  1. Pirelli resumes WRC supply
  2. Scorpion Gravel tyre helps Pirelli to WRC2 podium on WRC return
  3. Pirelli taking on ‘unique challenge’ at the Rally Roma Capitale
  4. Soft Pirelli Scorpion KX WRC to tackle rain, mud on Kenyan Safari Rally
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Sustainability the keyword for Autopromotec 2025

Autopromotec, the automotive equipment and aftermarket exhibition scheduled from 21 to 24 May 2025 at the Bologna exhibition centre, celebrates an important milestone: 30 biennial exhibitions, covering 60 years of history. On the eve of a truly historic edition, the organisers are taking important strides towards achieving all-round sustainability. In fact, the path towards certification for sustainability management systems for events, the UNI ISO 20121 standard, has already begun.

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Related news:

  1. Autopromotec hails ‘remarkable increase in exhibitors’ for 2015 show
  2. Autopromotec 2015 tyre space sold out
  3. Bartec Auto ID to show TPMS at Autopromotec
  4. Intergomma shows entire Aeolus range at Autopromotec
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Silk Road Fund sells 9% Pirelli shareholding

China’s Silk Road Fund has sold its entire stake in Pirelli through an accelerated placement procedure. According to a statement published by the Borsa Italiana stock exchange this morning, the economic development fund has divested some 90.2 million shares, which represents a 9.02 per cent shareholding in Pirelli. Demand for the shares far exceeded supply, and MTP/Camfin have reportedly purchased shares equal to 2.2 per cent of Pirelli’s capital.

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Related news:

  1. Pirelli shareholders amend agreement, some parties end co-investment accord
  2. Pirelli: Sinochem sources sceptical of divestment
  3. Pirelli confirms tyre business focus as stake in real estate firm rises
  4. Pirelli governance remains unchanged pending agreement renewal
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