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Bridgestone Q3 results – sales and profit up

In its consolidated financial statements for the first three quarters of the 2013 fiscal year, Bridgestone Corporation reports net sales of ¥2,606.0 billion (£16.4 billion) between January and September, a 17 per cent increase from the first three quarters of 2012. Net sales in the third quarter alone were ¥900.8 billion (£5.7 billion). Operating income amounted to ¥318.9 billion (£2.0 billion) for the first nine months of the year, a year-on-year increase of 56 per cent, and ¥126.5 billion (£797.9 million) in the third quarter.

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Related news:

  1. Investment firm gives Titan bearish review
  2. Bridgestone Projects Significantly Improved Financial Result
  3. Bridgestone markedly lifts margins, improves European performance in Q1
  4. GiTi debuting six new CV tyres at IAA 2012
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SEMA launch for new Alliance tyres

Alliance Tire Group has brought three new tyres at the 2013 SEMA Show/Global Tire Expo, Tire Review reports. These are two new entries in the company’s Increased Flexion agricultural tyre line, and a new Galaxy garden, turf and vineyard tyre.

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  1. Trelleborg introduces high power tractor rim
  2. Italian Agricultural research council tests BKT rubber
  3. Firestone launches medium tractor radial tyre
  4. Alliance, Titan show latest releases at US farm show
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New director general at Yokohama Tire Mexico

Yokohama Tire Mexico (YTMX), a subsidiary of Yokohama Tire Corporation, has announced the hiring of Humberto Gomez as its new director general. In this role, Gomez is responsible for the day-to-day operations of the Queretaro, Mexico-based company. The position was created to meet the growing Mexican-market demand for consumer, commercial and off-the-road tyres.

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  1. New Bridgestone CEO Eyes Profit-Making
  2. Latest Pirelli Figures Show Tyre Market Was Strong in 3Q 2010
  3. Belshina to Open Brazil Trading House
  4. Pirelli aiming to be "global premium leader" by 2015
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Nexen Q3 figures below consensus

Nexen’s third quarter figures have underperformed market expectations. According to Deutsche Bank research published 1 November, Nexen’s operating profit results were 13 per cent below consensus expectations.

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Related news:

  1. Investment firm gives Titan bearish review
  2. Deutsche Bank revises Bridgestone outlook
  3. Euro Strength “Concerning”
  4. Tyre Business to be 95% of Pirelli Revenues Following Real Estate Spin-Off
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Survey points to tyre apathy amongst younger drivers

The results of a survey commissioned by TyreSafe and telematics-linked insurer ingenie highlights the risk younger drivers place themselves at by neglecting regular tyre maintenance. Over a third of the 1,000 respondents, all aged between 18 and 25 years old, said they’d never checked their tyres’ tread depth, while two out of three hadn’t checked their tread within the last month, the maximum recommended period between checks.

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Related news:

  1. Safety Groups Team Up to Target Motorists
  2. TyreSafe Points Out Irresponsible Regions
  3. Tyresafe: More Cars Likely to Run on Part Worns
  4. Tyre safety month materials now available
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NTDA/Lanxess report: More budget tyres sold post labelling

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Following on from the headline news that Lanxess/NTDA published at report detailing a UK retail perspective on 16 October, Tyres & Accessories is now publishing further details and discussion of the complete report . The initial findings were that the tyre labelling has so far been something of a “missed opportunity” for the tyre business […]

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Related news:

  1. 93% consumers don’t require tyre labelling info
  2. Lanxess: “Green Tyres” save truck drivers save truck drivers 8.5 per cent on fuel
  3. Brityrex confirms free technical seminar topics
  4. Mytyres.co.uk conducting labelling research too
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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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Bridgestone’s Dickson to run New York Marathon

Bridgestone key accounts manager Peter Dickson will run the New York marathon this weekend, hoping to raise more than £500 for the Action Medical Research charity. The run will have been three years in the making for Dickson, having originally applied in 2010.

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  1. Team programmer to unicycle for Cancer Research
  2. Bridgestone to support Acorns Children’s Hospice
  3. Bridgestone conducts more Driver CPC training with Roadside course
  4. BEN offers support to automotive flood victims
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New Maxxis pages ‘more than just a website’

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Maxxis International has launched a new website, which the company says is designed to showcase the many facets of the growing brand. www.Maxxis.co.uk offers new functionality, as well as opening the door to anyone looking to find out more about the fast-growing tyre brand.

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Related news:

  1. Maxxis supporting Babe Michelle’s drifting ambitions
  2. ‘Good company. Always’ ad campaign from Maxxis
  3. Marketing strategies for the retreading industry
  4. Toyo Backs British Motorsport
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Giti Tire looks online with e-commerce role

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As part of its efforts to build up its online presence, Giti Tire has appointed Neil Hendry to the newly created role of Internet Strategy and E-Commerce manager – Europe. Hendry is based at the company’s UK headquarters in Cheshire and responsible for the development of a coherent web and social media strategy to maximise internet presence throughout the continent

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Related news:

  1. GiTi Tire introduces new HR director – Europe
  2. Giti Tire donates to Marathon runner’s cause
  3. Giti Tire targeting 10% of German TBR market with sales restructuring
  4. New GT Radial winter HP tyre
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Global green tyre market to grow @10%

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A new report published by Research and Markets suggests that the global “green” or eco-tyre market is expected to grow at a 9.82 per cent compound annual growth rate (CAGR) between 2012 and 2016.

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Related news:

  1. Lanxess: “Green Tyres” save truck drivers save truck drivers 8.5 per cent on fuel
  2. Goodyear using rice husk ash in tyre manufacturing
  3. Michelin Introduces ‘Michelin Energy Endurance Challenge’
  4. Lanxess Voices Support for Tyre Labelling Decision
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Yokohama honoured with Chinese CSR award

The holding company for Yokohama Rubber’s Chinese operations, Yokohama Rubber (China) Co., Ltd., reports receiving a ‘Most Excellent Company Image Award’ at the ‘2013 Beautiful China’ awards ceremony held in Beijing late last month.

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Related news:

  1. Chinese Yokohama Plant Achieves ‘Complete Zero Emissions’
  2. Yokohama team acknowledged for cashew nut shell innovation
  3. Government acclaim for Yokohama inner liner development
  4. Yokohama to exhibit at Auto Shanghai 2013
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93% consumers don’t require tyre labelling info

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Just a day after Goodyear Dunlop released its review of the impact of tyre labelling legislation on consumers across Europe, a Lanxess/NTDA report is painting a somewhat less rosy view of progress in this area. Details of the research are expected to be shared at tonight’s Tyre and Fast Fit Awards in Birmingham, with the full report scheduled for publication on the morning of 17 October. While it has to pointed out that the Lanxess/NTDA research centred on the UK only as opposed to Europe, it must als be said the conclusions appear to be somewhat different.

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  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

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Related news:

  1. NTDA/Lanxess report: More budget tyres sold post labelling
  2. More than half of consumers aware of tyre labelling
  3. Labelling compliance worse one year on
  4. Lanxess: “Green Tyres” save truck drivers save truck drivers 8.5 per cent on fuel
/by

Bridgestone’s guayule research farm complete

Bridgestone Americas’ project to evaluate the guayule plant’s suitability as a source of natural rubber for tyre applications has taken a step forward with the completion of the Agro Operations Guayule Research Farm. The facility in Eloy, Arizona has been set up to supply guayule biomass for rubber production at the company’s BioRubberProcessResearchCenter, which is currently under construction in Mesa, Arizona.

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Related news:

  1. Bridgestone to develop guayule-based rubber
  2. Biomass-based synthetic rubber developed by Bridgestone, Ajinomoto
  3. Bridgestone chooses Arizona site for guayule farm, research centre
  4. Strong export growth at Jiangxi Blackcat
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