You are here: / Russia

Russia

Posts

Pirelli industrial/consumer tyre business split continues

, ,

In parallel with presenting its full-year 2016 results, Pirelli has revealed further details of its complex ownership structure and how it is splitting its consumer and industrial tyre business into two separate entities.

The latest news is that, as of March 2017, TP Industrial holding (which owns the newly renamed PTG, which was called Pirelli industrial until recently – more on that later) has been separated out from Pirelli’s consumer tyre business. In practice this means the assignment of TP Industrial holding to Marco Polo, Pirelli’s sole shareholder. According to Pirelli, the assignment will “ensure that Pirelli and TP Industrial can pursue their own independent paths to growth and independently developed strategies”.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

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

Already a member? Log in here

Related news:

  1. Pirelli shareholding to be controlled by ChemChina
  2. Pirelli truck tyres separating and merging with Aeolus/ChemChina
  3. ChemChina Pirelli buy-out underway
  4. Pirelli launches commercial tyre all-rounder R:01 Triathlon
/by

Nokian appoints Pantioukhov as interim president/CEO

,

The board of directors of Nokian Tyres plc has appointed Andrei Pantioukhov, 44, as the interim president and CEO starting 1 January 2017. Pantioukhov currently serves as Nokian Tyres’ general manager, Russian operations and continues also in this role. He has been in the company since 2004, a member of the management since 2009 and executive vice president since the beginning of 2016.

Read more

Related news:

  1. Nokian Begins Job Cut Talks
  2. Nokian’s Kim Gran Awarded Finnish Honorary Title
  3. Nokian reshuffles management team
  4. Adrian Kaczmarczyk appointed Nokian Tyres SVP, Supply Operations
/by

Bridgestone plants in Hungary, Russia to use Examation tyre making system

,

Examation, a new tyre manufacturing system from Bridgestone Corporation that combines technologies from the company’s BIRD production system with artificial intelligence, will be introduced into Bridgestone’s Tatabánya car tyre factory in Hungary this year. Following the system’s set-up in Hungary, Bridgestone will then introduce Examation in its new plant in Ulyanovsk Oblast, Russia, which is expected to commence production in the final quarter of 2016.

Read more

Related news:

  1. Groundbreaking takes place for Bridgestone’s factory in Russia
  2. Bridgestone’s Russia tyre plant to officially open next week
  3. New warehouse, increased capacity at Bridgestone’s Hungary tyre plant
  4. Bridgestone revises completion date for Hungary expansion
/by

Bridgestone opens new plant in Russia

A ceremony to mark the start of production at a new Bridgestone passenger car tyre plant was held yesterday in Ulyanovsk Oblast, Russia. Volume production will commence in the fourth quarter of 2016.

Read more

Related news:

  1. Groundbreaking takes place for Bridgestone’s factory in Russia
  2. Nokian Tyres presented with “opportunity to increase sales” in 2011 – Gran
  3. Annunziato to replace Ohashi as Bridgestone Europe chief
  4. Bridgestone plants in Hungary, Russia to use Examation tyre making system
/by

Nokian Tyres sales and profits down in second quarter and first half 2016 figures

Nokian Tyres has released its second quarter and first half 2016 figures, the numbers are also the first full quarter figures published since Nokian admitted it had been involved in tyre test irregularities in a series of press articles during the first quarter of the year. Forex issues and other problems in the Russian market are no-doubt connected to Nokian’s performance. Indeed, Russian sales declined by almost 30 per cent and mild winter weather is said to have left inventories in Russia and North America (see below for further details on this).

Read more

Related news:

  1. Nokian handed additional tax bill
  2. Walkout Planned at Nokian Tyres Facility
  3. Nokian’s Kim Gran Awarded Finnish Honorary Title
  4. Nokian renews winter tyre range
/by

Tatneft, Nizhnekamskshina report slight rise in tyre production volumes

,

At its annual general meeting of shareholders this month, Russian corporation PJSC Tatneft reported that its various tyre making operations produced a total of 12 million tyres in 2015, including 875,000 solid steel cord tyres. In 2014 the company manufactured 11.64 million tyres, including 745,090 solid steel cord tyres.

Read more

Related news:

  1. Marangoni, Tatneft to establish Russia retreading JV
  2. Manufacturers Take On the Russian Market
  3. Tatneft’s Kazakhstan tyre logistics centre
  4. Kama Euro OE on Lada Largus
/by

Pirelli previews 3rd Russian grand prix at low-tyre degradation Sochi circuit

Pirelli will take its medium, soft and supersoft compounds to the Russian Grand Prix at Sochi, marking the fourth time in as many races in 2016 to feature the Red, Yellow and White P Zero Formula One tyres. The varied, technical track has a smooth surface that typically leads to low tyre wear and degradation, but Pirelli says its nomination will deal with any evolution of the three-year old asphalt that may have occurred since 2015’s visit, or indeed across the weekend, since the circuit is not heavily used.

Read more

Related news:

  1. More tyre strategies enabled in first grand prix after F1 tyre regulation changes
  2. No room at the inn, and almost no tyres, for F1 teams
  3. Pirelli travels to Canadian grand prix with P Zero Purple ultrasoft
  4. Mercedes’ Valtteri Bottas wins Russian grand prix with one-stop strategy
/by

Voronezh to increase tyre production

,

At the end of 2015 tyre production of JSC Voronezh Tire Plant (of which Pirelli is the main shareholder) grew by 35 per cent compared to 2014 – that is 1.792 million units against 1.322 million tyres the year before. The news was shared by the firm’s general director Yury Gribanov during the ceremony to mark the receipt of Ford Q1 status.

Read more

Related news:

  1. Pirelli, Rostec investing 100 million euros to double Voronezh plant capacity
  2. Pirelli to Buy Russian Plant ‘Next Year’
  3. Kirov plant transfer finalised
  4. Pirelli, Rosneft and Synthos move to next phase of synthetic rubber cooperation
/by

East European trailer market hit again, but regional nadir also reached

,

Recession, sanctions plus the plummeting oil price has had a devastating impact on the outlook for trailer demand in Russia. A year ago Clear International’s analysis suggested 24,000 trailers were wiped from the forecast published in March 2015. Six months ago a further 8,000 trailers were removed from the prognosis. In the current forecast yet another 4,000 trailers have been removed from the Russian outlook.

Read more

Related news:

  1. 2014 Eastern European trailer market flatlining
  2. Oil price, Ukraine crisis ‘devasting’ to trailer demand
  3. East European trailer market stalls…again
  4. Has European Trailer demand peaked?
/by

Falken launches studded Espia Ice tyre designed for Nordic market

Falken has launched a new studded winter tyre for the Nordic and Baltic markets, featuring a new tungsten carbide stud design and pressure-optimised sipes for increased levels of extreme winter weather performance. With temperatures as low as 50 degrees Celsius and between 250-300 cm of snow covering the landscape for up to six months of the year, the Nordic and Baltic regions place exceptionally high performance demands on winter tyres.

Read more

Related news:

  1. Falken offers M+S winter Espia EPZ2 tyre in Nordic region
  2. Improved Sales And Profit For Nokian
  3. Nokian Reports Strong Growth, Especially in Key Markets
  4. Conti unveils performance winter tyres in Arvidsjaur
/by

Russian market still Nokian’s largest, but its significance continues to shrink

,

Russia has become Nokian Tyre’s problem child. Although the country is home to two tyre plants that service export markets and contribute to the company’s margins, sales of Nokian products in Russia and the CIS have more than halved within the space of four years. In 2015 alone, the region’s turnover fell by 34 per cent.

Read more

Related news:

  1. Nokian Tyres revises forecast – sales, operating profit to decline
  2. Nokian Tyres: Russia/CIS markets drag down Q3 profits
  3. Russian Joint Venture For Nokian And Amtel
  4. Nokian gives winter market overview
/by

Bridgestone’s Russian plant – update

,

The 2016 opening of a Bridgestone tyre production facility in Russia, as reported by Tyrepress.com on 22 January, is the culmination of a joint project agreed upon almost three years ago. On 12 April 2013, Bridgestone Corporation concluded an investment contract with co-investor Mitsubishi Corporation and with the Ulyanovsk Oblast government and Ulyanovsk Region Development Corporation, to build a ¥37.5 billion (£221 million) passenger car radial tyre plant in the Zavolzhye Industrial Zone in Ulyanovsk Oblast, Russia.

Read more

Related news:

  1. Bridgestone to open Russian tyre plant
  2. Bridgestone’s Russia tyre plant to officially open next week
  3. Bridgestone’s Hungary plant to gain new 10,000m² warehouse
  4. New warehouse, increased capacity at Bridgestone’s Hungary tyre plant
/by

Bridgestone to open Russian tyre plant

Bridgestone is open its first tyre production plant in Russia later in 2016, according to Russian news reports. The Russian Tass news agency reports that Bridgestone will invest the equivalent of US$147.7 million in the plans, which should take shape in the second half of the year.

Read more

Related news:

  1. Bridgestone’s Russian plant – update
  2. Bridgestone puts $300M price tag on relocated Shenyang plant
  3. Triangle: no Russian tyre plant…for now
  4. Bridgestone’s Russia tyre plant to officially open next week
/by

Nokian to appeal 87 million euro additional tax bill

,

Nokian Tyres is to appeal a tax adjustment for the years 2007 – 2010, meaning the firm must pay an extra 87 million euros. 55 million euros of the figure are additional taxes and the remaining 32 million euros punitive taxes. Payment must be made in January 2016.

Read more

Related news:

  1. Nokian Tyres charged 59 million euros extra tax in Finland
  2. Nokian gives winter market overview
  3. Nokian to appeal tax bill
  4. Nokian handed additional tax bill
/by

Nokian Tyres sales and profits down in Q3

Nokian Tyres has reported third quarter 2015 sales of 311 million euros, down 5.1 per cent on the previous year. Looking at the first nine months of the year, the firm achieved sales of 1.009 billion euros, down 7.1 per cent. Operating profit, however, rose by 0.3 per cent to 72.4 million euros, resulting in an operating margin of 23.3 per cent in 2015 (the prior year figure was 22 per cent). In the first three quarters operating profit amounted to 201.2 million euros now.

Read more

Related news:

  1. Russia continues to pound Nokian Tyres’ sales and profits
  2. Nokian Aiming for Premium Segment Leadership in Russia
  3. Analysts: Nokian Tyre 2Q Net Income 80% Ahead of Expectations
  4. Nokian Tyres: Lower sales and operating profit in 2020
/by

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.