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Pilot Road 4 a “confirmation” of market dominance, says Michelin

Those attending the MCN Motorcycle Show in London back in February were amongst the first to see Michelin’s latest-generation sport touring tyre up close. Since that time, the Pilot Road 4 has been officially launched, and its manufacturer says the range’s introduction confirms Michelin’s number one status in the European and North America sport touring radial markets. Michelin also says the new line-up sees the brand “continue to push out the envelope” in terms of overall performance. Amongst the improvements Michelin promises riders are better wet braking and greater longevity.

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  1. Continental struggles for turn-around on North American tyre market
  2. Michelin and Pirelli to enter OE contracts
  3. High Performance Tyres: the great white hope …
  4. Kumho Competes in American Le Mans Series
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Nokian Tyres revises forecast – sales, operating profit to decline

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Due to a weaker economic forecast for Russia and the CIS, Nokian Tyres has downgraded its guidance for 2014 and now says net sales and operating profit will decline this year compared with 2013. This latest forecast replaces that published on 7 February, in which Nokian Tyres said it was positioned to show growth in net sales and operating profit this year.

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  1. An Untapped Resource? Nokian’s Kazakhstan factory bid
  2. Half Year Loss Reported By Nokian Tyres
  3. Turnover And Profits Up For Nokian
  4. Nokian employs ‘C3’ system to organise product and materials scheduling
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Groundbreaking takes place for Bridgestone’s factory in Russia

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Almost a year after Bridgestone’s plans to establish a joint-venture factory in Russia’s Ulyanovsk Oblast region were made public, groundbreaking was held at the site of the tyre maker’s future passenger car radial factory on 1 April. The facility will be erected on an 81 hectare site around 900 kilometres (560 miles) southeast of Moscow, and production is expected to start in the first half of 2016. Plant output estimated to reach approximately 12,000 units a day by the second half of 2018.

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Related news:

  1. Bridgestone launches Blizzak LM001 compact to mid-sized car winter tyre
  2. Bridgestone launches winter version of DriveGuard
  3. Pirelli industrial/consumer tyre business split continues
  4. Sentury Tire chooses SSOE for US plant design
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Analysts: Foreign exchange outlook the only bad news in Pirelli results

Financial analysts have responded positively to Pirelli’s full-year 2013 financial results, with some reiterating their “outperform” guidance. The upbeat response was markedly different to the warnings of some market observers 24 hours earlier, which suggested the emerging market exposure (and its linked foreign exchange fluctuations) and Russian volatility in particular could undermine the company’s 2014 and 2015 outlook.

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Related news:

  1. Pirelli reports increased sales but flat profits in 2013
  2. Pirelli: Tyre Demand Strong in April
  3. Pirelli sales up 16.6% in 2011, profits beat target margin
  4. Pirelli's Gori to resign?
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Pirelli reports increased sales but flat profits in 2013

Pirelli & C. SpA today reported full-year 2013 consolidated revenues of 6,146.2 million euros on 31 December, an increase of 1.2 per cent from 6,071.5 million euros a year earlier. Tyre revenues, which account for almost all of the company’s sales totalled 6,115.8 million euros in 2013, an increase of 1.4 per cent from 6,031.3 million euros. Full year tyre-derived pre-tax profits (EBIT) were 822.0 million euros, an increase of 1.2 million euros (+0.1 per cent) compared with 820.8 million euros in the same period a year earlier, with a margin equal to 13.4 per cent (13.6 per cent in 2012). However, whether it will be enough to allay pre-release market fears that emerging market exchange rates and particular Russian market instability remains to be seen.

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Related news:

  1. Analysts: Foreign exchange outlook the only bad news in Pirelli results
  2. Bridgestone outlines tyre SBU consolidation in 2013MTP
  3. Pirelli Q1 results show European recovery, premium growth
  4. Pirelli’s Tronchetti Provera: “In Russia we will continue to grow”
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Pirelli may reduce 2014 sales goal due to Russia, emerging market pressures

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While Pirelli’s recent sale of a 13 per cent shareholding to Russian petrochemical giant Rosneft brings it access to 2,800 petrol station/tyre points of sale, some industry observers are also warning that the political environment and the deal itself are on shaky ground. On the one hand the collaboration is expected to put Pirelli on a par with the premium leader in Russia, Finnish tyremaker Nokian Renkaat, in terms of a distribution network size there is more than one way to skin a cat in terms of distribution and other factors could end up affecting Pirelli’s overall sales targets. The company is set to publish its full year 2013 results this evening, along with its 2014 outlook commentary.

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Related news:

  1. Pirelli signs research MoU with Russian partners
  2. Expansion for Canadian tyre retailer through agreement
  3. Nokian issues profit warning
  4. Analysts: Nokian Q3 ‘better than expected’, Q4 ‘weak’
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Pirelli reports strong results in international tyre tests

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Italian tyre firm Pirelli has recently scored well in test results carried out by Russian and Swedish publications. The tyres tested were both from the Cinturato family; Russia’s Za Rulem tested the Cinturato P1 while Swedish newspaper Aftonbladet tested the Cinturato P7.

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  1. Kumho Recommended by Leading European Publications
  2. High Performance Tyres: the great white hope …
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  4. Bridgestone’s Russia plant means more competition for Nokian and others
/1 Comment/by

Federal aiming for 10% of Russian tyre market by 2019

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Taiwanese tyre maker Federal Tyres states it has “set its sights on ten per cent market share in Russia” and aims to double the number of wholesalers it works with there (currently nine in eight cities, including Moscow, St Petersburg and Ekaterinberg) every year for the next five years to help achieve this objective by 2019. The company has been present in the Russian market since 2004 and its products are available at over 10,000 retailers across the country. It has now launched a brand new website, www.federaltyresrussia.com, VKontakte page, vk.com/federaltyresrussia, and 2014 campaign slogan that capitalises on Federal’s sponsorship of Manchester United: “Awaken the Champion inside” (Пробуди в себе Чемпиона).

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Related news:

  1. Federal builds Russian connections with Man U visit
  2. Manchester United ‘legend’ to appear alongside Federal Tyres at Moscow show
  3. Man Utd association leading to Russian gains, claims Federal Tyres
  4. Bryan Robson to attend Federal Tyres’ Moscow event
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Russia a growing part of Pirelli’s business?

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Pirelli, Geneva and Russia

For Pirelli, Russia is “still a developing market”, and as we found out a week or so after Tyres & Accessories interviewed global marketing vice-president Matteo Battaini at the recent Geneva Motor Show, Rosneft’s purchase of 13 per cent of Pirelli’s shares means Russia is also still a developing part of Pirelli’s ongoing business strategy.

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Related news:

  1. Rosneft buys 13 per cent of Pirelli
  2. Pirelli shareholding to be controlled by ChemChina
  3. ChemChina Pirelli buy-out underway
  4. Pirelli industrial/consumer tyre business split continues
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Rosneft buys 13 per cent of Pirelli

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Rosneft buys into Pirelli

Russian oil major, Rosneft has bought into Pirelli, taking control of 50 per cent of the holding group controlling Pirelli and a 13 per cent share of the tyre maker itself. The purchase makes the Russian group the largest single shareholder in Pirelli. The deal is being characterised as a solidification of the company’s partnership with Rosneft in Russia, which is seen as a access route to the emerging market for the tyremaker. However, Pirelli’s share price had fallen 2.24 per cent in response to the news (correct at time of publication).

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Related news:

  1. Russia a growing part of Pirelli’s business?
  2. Pirelli shareholding to be controlled by ChemChina
  3. Rosneft reaches for Pirelli – but the power stays with Marco Tronchetti Provera
  4. Swoon – Pirelli unveils 2012 Calendar
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Nokian gives winter market overview

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In its Annual Report for 2013, which was released today, Nokian Tyres estimates that approximately 111 million winter passenger car and van tyres were sold last year in its main regions of activity. This includes 69 million winter tyres sold in Europe (excluding the Nordic countries) out of a total of 230 million passenger car and van tyres sold in the region.

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Related news:

  1. Nokian Tyres: Strong Heavy Tyres performance maintains sales in 2019
  2. After ‘somewhat lower’ 2013, Nokian expects ‘profitable growth’ next year
  3. Nokian WR SUV 3 addresses Europe’s varying winter conditions
  4. Nokian 1Q sales down 13%, operating profit down 20%
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Yokohama launches “A” wet braking rated eco-tyre in Geneva

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The Yokohama Rubber Co., Ltd. has used its presence at the Geneva Motor Show as the launchpad for three new production tyres (one summer and two winter) as well as the showcasing of its Aero Y electric vehicle and associated BluEarth EV concept tyre. At the centre of the launch was a new edition to its fuel-efficient “BluEarth” tyre brand for passenger cars in Europe and Asia, which will be introduced from this spring. Most “BluEarth-A” sizes have been awarded the European C grade for rolling resistance and A for wet performance when it comes to labelling.

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Related news:

  1. Vredestein Aims for Icy Markets with New Arctrac
  2. Nokian announces ‘A’-rated winter tyre for electric vehicles
  3. Goodyear introduced 8 new AA-labelled EfficientGrip Performance tyre sizes
  4. Yokohama gives Geolandar H/T G056 4X4/SUV tyre a European debut in Geneva
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Yokohama 2013 net income climbs 7.3%

Net sales, operating income and net income at Yokohama Rubber rose to record levels during the 2013 financial year, the company reports. It says this performance mainly reflected a tyre business recovery in North America and China along with strong winter tyre sales in the Japanese market. Net income increased 7.3 per cent over the previous year to ¥35.0 billion (£206.0 million), on a 14.0 per cent increase in operating income, to ¥56.6 billion (£333.1 million) and a 7.5 per cent increase in net sales, to ¥601.6 billion (£3.5 billion).

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  1. January-September sales and earnings at record levels – Yokohama
  2. Q1 operating profit a ‘record’, says Yokohama
  3. Yokohama sales, profits up in FY2011
  4. Yokohama profits up 74% in Q1
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Cooper Tire Europe sponsoring Arsenal

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Arsenal Cooper Sponsonsorship

Cooper Tire Europe has announced that it is sponsoring Arsenal Football Club in a multi-year deal. The partnership, which will begin before the start of the 2014/15 season, will see the Melksham-based tyre manufacturer become an official partner to the north London club. The exclusive sponsorship designates the Cooper brand as the first “Official Tyre of Arsenal Football Club” for Europe, Russia, Middle East, South Africa and selected north African countries and links the company’s passion for performance to football through the development of various advertising campaigns, consumer marketing programmes and promotions. No details of how much has been invested in the partnership have been revealed.

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Related news:

  1. Continental to discontinue football World Cup sponsorship
  2. Yokohama’s Chelsea shirt deal worth up to £200 million
  3. Falken Tyre becomes Liverpool FC partner
  4. Nexen Tire advertising at Everton, Spurs, Southampton and West Ham
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12 rally competitors confirmed for Drive DMACK Fiesta Trophy

Sweden Rally Dmack Fiesta

World Rally Championship tyre supplier Dmack has confirmed twelve competitors for the inaugural season of its five-event Drive DMACK Fiesta Trophy. Rising UK talent Tom Cave will compete with young talent from 10 other countries to win a prize drive in the 2015 FIA World Rally Championship. Dmack received 24 registrations from around the globe, […]

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  1. Dmack targeting ‘correct’ dealers to deliver mid-range PCR strategy
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