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World’s leading tyre companies 2022: Michelin and Bridgestone neck and neck for pole position

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Michelin remains the world’s leading tyre company by sales turnover, but Bridgestone is close behind in one of three close battles distributed across the table. For the first time, our research ranking market-leading global tyre manufacturers in terms of sales turnover converted into euros, illustrates the impact of recent high-profile acquisitions as well as the ongoing disruption of pandemic on the wider market landscape.

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Related news:

  1. Zhongce Rubber enters global top ten tyre manufacturers
  2. 19 finalists chosen for 2015 AutoBild winter tyre test
  3. Giti enters the top 10 of leading tyre manufacturers
  4. Pirelli, Hankook continue close rivalry in list of Leading Tyre Manufacturers
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Prometeon groups UK and Nordic tyre markets following MD’s departure

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Prometeon

Prometeon UK managing director Peter Fairlie is set to leave the company on 8 July 2022 to “embrace new professional opportunities”. In a statement announcing the news and organisational changes, Prometeon thanked Fairlie for “services rendered over the past three years and wishe[d] him every success in his future endeavours.”

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Related news:

  1. Tructyre appoints Iain Hayes as operations director
  2. Continental and Bandvulc management comment on integration process
  3. Vaculug adds to Fleet Sales team
  4. Richard Tawlks named as TruckForce equity business manager
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Prometeon UK appoints North East BDM

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Prometeon

Prometeon Tyre Group UK has appointed Jamie Courtnage as Business Development Manager for the North East. He is responsible for new business and account management for Prometeon’s customer base of truck, bus and coach operators and tyre dealers in the eastern part of the country from Norwich to the Scottish Borders.

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Related news:

  1. Simon Michael appointed Prometeon MD
  2. Prometeon appoints Ali Yilmaz as UK, Eire and Nordic marketing manager
  3. Michelin appoints Guy Heywood as UK head
  4. Bandvulc adds new account manager
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Prometeon ramps up tyre production in Gravataí, Brazil

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Prometeon announced plans to increase production at its Gravatai, Rio Grande du Sul, Brazil at the end of September. According to several local news sources, the expansion plans were announced during a meeting with local Governor Eduardo Leite at the Piratini Palace.

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Related news:

  1. DriveRightData opens Brazil office
  2. Conti to End Argentina Licensing Partnership
  3. Pirelli Slatina factory extension to make car tyre plant its biggest
  4. Bridgestone increasing consumer tyre capacity in Brazil
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Yokohama appoints ex-Prometeon COO as European president

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Yokohama

Yokohama has appointed Gregorio Borgo as president and CEO of Yokohama´s European headquarters, Yokohama Europe GmbH. He succeeds the current president, Hiroyuki Shioiri, who becomes chairman of Yokohama Europe GmbH effective 10 October 2021.

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Related news:

  1. Roberto Righi becomes deputy general manager at Prometeon Tyre Group
  2. Increased capacity, exports: Prometeon investing $115 million in Turkey
  3. Camfin gains right to buy up to 15% of Pirelli shares
  4. Yokohama’s Prometeon bid: Delayed by Covid, but nearing completion
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Prometeon Tyre Group opens $15 million R&D Centre in Turkey

Prometeon Tyre Group has opened its largest global dedicated R&D Centre at its plant in Kocaeli, Turkey. The opening ceremony was held in the presence of Mustafa Varank, Minister of Industry and Technology of Turkey. Representing Prometeon were Roberto Righi, deputy general manager of Prometeon Tyre Group, Alexandre Bregantim, global chief technical officer of Prometeon Tyre Group, Lale Cander, chairwoman of Prometeon Turkey, and the entire management team of Prometeon Turkey. The event was held with a limited number of guests, in line with the ongoing pandemic measures.

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Related news:

  1. Increased capacity, exports: Prometeon investing $115 million in Turkey
  2. Petlas aims to increase car and truck tyre sales with factory investments
  3. TP Commercial Solutions opens North American headquarters in San Diego
  4. Report: Yokohama has signed ‘no shop contract’ with Prometeon
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Prometeon expands warehouse, adds to Pirelli IF agri range

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Prometeon Tyre Group shares that it recently extended storage capacity at its central warehouse in Germany to accommodate additional stocks of agricultural tyres. The tyre maker says it expanded warehouse operations in order to speed up delivery times throughout the region as well as to offer better its trading partners a higher level of service, however, it that this extra capacity at the Dieburg site, which has been available since 1 July, coincides with growth in its Pirelli IF agricultural tyre range.

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Related news:

  1. The Tire Cologne: Prometeon showing latest Pirelli products
  2. Bridgestone to expand multi-brand agricultural strategy in Europe
  3. Kirkby Tyres’ 80,000sqft central distribution centre expansion nears completion
  4. Yokohama Prometeon bid nearing completion, Aeolus Tyres now involved
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Roberto Righi becomes deputy general manager at Prometeon Tyre Group

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PneusNews

Prometeon Tyre Group has named Roberto Righi as deputy general manager. The appointment, which takes effect immediately, means Righi will report directly to the board of directors.

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Related news:

  1. Tronchetti Provera proposes Prometeon chairman as deputy CEO of Pirelli
  2. Prometeon appoints Ali Yilmaz as UK, Eire and Nordic marketing manager
  3. Prometeon announces new worldwide organizational and commercial structure
  4. Increased capacity, exports: Prometeon investing $115 million in Turkey
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Kirkby investing in stocks

We’ve emerged from lockdown into a market environment of rising raw material prices, a global imbalance of containers and exploding shipping costs, not to mention continuing port disruptions. These combined factors have already led to higher tyre prices and product shortages in some instances, but the extent to which customers are affected can be tempered by good stock management.

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Related news:

  1. ‘Agri Supplier of the Year’ strengthens range with IF, VF products
  2. Kirkby pushing brands harder from expanded site
  3. Kirkby Tyres’ 80,000sqft central distribution centre expansion nears completion
  4. The Tire Cologne: Prometeon showing latest Pirelli products
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Prometeon appoints Mitchell as South East Business Development Manager

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Prometeon Tyre Group

Prometeon Tyre Group UK has appointed Ricky Mitchell as Business Development Manager for the South East. He is responsible for new business and account management in the South East for Prometeon’s customer base of truck, bus and coach operators and tyre dealers.

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Related news:

  1. Kirkby Tyres improves truck tyre range and distribution in changing market
  2. Pirelli partners DRS Logistics
  3. Prometeon and Greenroad sign partnership agreement
  4. Prometeon supporting Red Cross during coronavirus pandemic
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Tronchetti Provera proposes Prometeon chairman as deputy CEO of Pirelli

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Pirelli

Pirelli executive vice chairman and CEO, Marco Tronchetti Provera, has proposed current Prometeon Tyre Group (PTG) chairman and CEO Giorgio Luca Bruno as Pirelli deputy-CEO, reporting directly to him. Tronchetti Provera made the proposal with the aim of supporting the execution of Pirelli’s forthcoming industrial plan, which will be presented on 31 March 2021, according to a company statement dated 24 March 2021.

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Related news:

  1. Increased capacity, exports: Prometeon investing $115 million in Turkey
  2. Camfin gains right to buy up to 15% of Pirelli shares
  3. The Tire Cologne: Prometeon showing latest Pirelli products
  4. Prometeon appoints Ali Yilmaz as UK, Eire and Nordic marketing manager
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ChemChina entrusts Aeolus with Prometeon Tyre Group shares

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Prometeon share ownership pie chart

Aeolus Tyre Co Ltd and its controlling shareholder, China National Tire & Rubber Co. Ltd (CNRC, which is itself owned by Chinese petrochemical giant ChemChina) executed a “share entrustment agreement” on 30 November 2020. According to the agreement, CNRC will “entrust” its 52 per cent shareholding in Prometeon Tyre Group Srl to Aeolus for three years. But the three-year term will be automatically renewed upon expiry.

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Related news:

  1. Prometeon/Aeolus integration stalls
  2. Pirelli and ChemChina agree closing date, triggering mandatory tender offer
  3. Camfin gains right to buy up to 15% of Pirelli shares
  4. Pirelli: Nokian merger rumours false
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Prometeon presents Pro Check fleet inspection and monitoring system

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Prometeon

Prometeon head office has announced the launch of Pro Check, a digital monitoring solution specifically conceived to offer an easy and effective tyre management for fleets and dealers. Pro Check is the latest addition to Prometeon’s Pro Services family. According to the company, Pro Check provides “a reliable and customized support to further optimize the operational efficiency of the fleets”.

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Related news:

  1. The thinking behind Bridgestone’s TomTom Telematics acquisition
  2. Prometeon and Greenroad sign partnership agreement
  3. BPW offers AirSave tyre pressure system
  4. Michelin Tire Care [strategy] launched
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Prometeon extends Mitchell & Webber fleet contract

Mitchell & Webber

Prometeon Tyre Group UK has been awarded a 12-month contract extension as Mitchell & Webber’s fleet tyre partner. Operating for 120 years across Cornwall, Devon and Somerset, Mitchell & Webber is one of the South West’s longest established distributors of home heating oil, commercial, agricultural and marine fuels, as well as lubricants and industrial services.

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Related news:

  1. Kirkby Tyres improves truck tyre range and distribution in changing market
  2. Pirelli partners DRS Logistics
  3. Prometeon and Greenroad sign partnership agreement
  4. Prometeon supporting Red Cross during coronavirus pandemic
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Yokohama’s Prometeon bid: Delayed by Covid, but nearing completion

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Prometeon share ownership pie chart

Yokohama’s Prometeon bid: Delayed by Covid, but nearing completion

Today Yokohama announced that it is consolidating its OTR tyre businesses into Yokohama Off-Highway Tires, which could be read as a prelude to the announcement Yokohama’s bid for the Prometeon tyre business. Roughly a year after the story broke, Yokohama’s bid for Prometeon isn’t the best kept secret in the tyre industry. Tyres & Accessories first heard talk of Yokohama’s bid for the ex-Pirelli industrial and commercial vehicle tyre business back in July 2019. The news was reported world-wide after we broke the story in September 2019, followed days later by third-party confirmation from the Chinese side of the deal. At that time, the deal was set to go public by the end of 2019. A few months later at the start of 2020, the timeframe switched to an end-of-first-quarter 2020 deadline. Then the coronavirus pandemic happened. And in the months that have followed things have gone quiet. So, where is Yokohama’s bid for Prometeon up to? The latest news is that deal is still on-track, but that there have been a few changes along the way. Here, Tyres & Accessories brings an update on the status of the acquisition and offers a different view on the deal by looking at it from a South American perspective.

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Related news:

  1. Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon
  2. Pirelli truck tyres separating and merging with Aeolus/ChemChina
  3. Camfin gains right to buy up to 15% of Pirelli shares
  4. Yokohama consolidates OTR tyre businesses into Yokohama Off-Highway Tires
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