Newly-published third quarter results show a Stamford Tyres experienced slight decline in turnover and a marked year-on-year drop in profits during the period. In the three months ending 31 January 2014, the Singapore-based company’s revenues decreased 2.94 per cent in the quarter to S$71.7 million (£34.0 million). Gross profit was down 2.35 per cent to $16.6 million (£7.9 million). Net profit fell 62.66 per cent to S$838,000 (£397,560).
Last year's BEN Ball more than lived up to its billing as ‘the night of the year' for the automotive industry. It will live long in the memory of all guests and is already attracting interest and enquiries for this year. BEN has decided to reward this interest with the offer of an early bird booking discount. Therefore every booking made before the end of March will qualify for a full 10 per cent reduction on all prices.
US industry magazine Tire Review reports that workers at the Goodyear Tire & Rubber Co plant in Fayetteville, North Carolina were forced to evacuate the building early morning on Monday, 10 March. According to company officials, employees were evacuated at the plant around 2am after someone called in a threat. No one was injured, and […]
Pirelli’s all-new Scorpion Gravel tyre helped two cars achieve WRC2 podium finishes on its return to the World Rally Championship, after a three-year absence. Pirelli is supplying tyres on a customer basis to privateers, and Lorenzo Bertelli (13th overall and second in WRC2) in his Ford Fiesta RRC, and Max Rendina (14th overall and third in WRC2) with a Mitsubishi Lancer both achieved top-three places in their class on the new tyre.
Bandvulc Group has rebranded its operations; the Devon-based company has made subtle changes to its logo and introduced a new slogan, ‘More than a tyre’. In addition, it has renamed Devon Rubber and Bandvulc Tyre Contracts – these are now known as BV Mixing and BVPlus+ respectively. Last but not least, Bandvulc has redesigned its website to reflect these changes. The company will display its new brand image at the CV Show between 29 April and 1 May.
Having made its debut at Coach & Bus Live 2013 in support of its all-position urban city-bus tyre, the GAU861, and with recent success in the closely linked truck market, GT Radial has ambitions to increase its share in the passenger transportation side of the commercial vehicle tyre segment. Tony McHugh, sales and marketing director at Giti Tire UK, and marketing director – Europe, Peter Foulkes told Tyrepress that the company’s “broad coach and bus portfolio”, including 22.5” and 17.5” fitments, is now well placed to pursue increasing numbers of potential fleet customers, while the brand has existing deals within the sector in Germany.
Lanxess shares that Matthias Zachert, named Axel Heitmann’s successor as Board of Management chairman following the latter’s departure from the specialty chemicals firm at the end of February, will resume his career with the company on 1 April. Zachert is currently chief financial officer of Merck KGaA and the functions he will take on at Lanxess are at present being performed by chief financial officer Bernhard Düttmann.
The Motor Sports Association – governing body of four wheel motor sport – has welcomed the launch of a government consultation regarding a proposed change in the law that would allow motor sport events to take place on closed public roads in Britain. The Road Traffic Act states that it is illegal to organise or take part in a race or trial of speed on the public highway, but the MSA has been pushing successive governments to devolve power to local authorities to enable them to suspend the Road Traffic Act without having to resort to an Act of Parliament.