Company News

Hankook Tire Q4 sales steady, full-year results show decline

Hankook Tire Q4 sales steady, full-year results show decline

Hankook Tire has reported fourth quarter 2015 sales of KRW 1.61 trillion (£945.3 million), a decrease of 0.9 per cent compared with the fourth quarter a year earlier, and a 2.5 per cent year-on-year decline in operating profit, which amounted to KRW 238.3 billion (£139.9 million) in the final quarter of last year. The tyre maker shares that sales of its ultra-high performance (UHP) tyre segment grew 6.4 per cent year-on-year and now account for 33 per cent of the company’s overall revenue.

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UK News

January UK car registrations the best since 2005

January UK car registrations the best since 2005

The UK new car market saw registrations climb 2.9 per cent year-on-year in January to reach an 11-year high of 169,678 units. By comparison January 2005 saw 181,474 new cars registered. Private and business buyers drove this growth with demand for new cars up by 8.2 per cent to 73,061 and 5.0 per cent to 6,716 units respectively, while the fleet sector declined slightly by 1.1 per cent to 89,901. The month marks the highest number of new cars registered to private buyers in January in 12 years.

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International News

Bridgestone ‘official tyre’ of American football for a further 5 years

Bridgestone ‘official tyre’ of American football for a further 5 years

Prior to the weekend’s Super Bowl 50, Bridgestone Americas announced the extension of its National Football League sponsorship arrangement for a further five years and its continuation as the NFL’s official tyre. The new deal extends the tyre maker’s eight-year relationship with the NFL and advances its ‘Bridgestone Performance Moments’ campaign platform, which includes the award for top performance play of the year at NFL Honors during Super Bowl week.

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Motorsport

New touring car series to race exclusively on Hankook tyres

New touring car series to race exclusively on Hankook tyres

Hankook Tire has been appointed exclusive tyre partner to a newly-established touring car series in Germany. The three-year arrangement sees Hankook supplying tyres to all cars competing in the ADAC TCR Germany series; in 2016 the tyre of choice is the Hankook Ventus Race, which will take to the circuit in size 260/660 R 18.

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Retreading News

Recycling firm hails Vacu-Lug traceability

Recycling firm hails Vacu-Lug traceability

Mid UK Recycling Ltd, a leading independent waste management, recycling and resource recovery specialist reports 100 per cent traceability since switching to Vacu-Lug to provide a dedicated tyre management service. With a comprehensive range of resource recovery services, including waste management, skip hire and public authority recycling contracts, Mid UK Recycling Ltd operates a nationwide collection fleet of over 70 vehicles.

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Product News

Pace and Zeta SUV tyres aim for European influence

Pace and Zeta SUV tyres aim for European influence

International contract tyre producer SD International is aiming to develop into being a leading supplier of SUV tyres within the UK and European market sectors through the firm’s private brands Pace and Zeta.

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Career Tracks

Ford cutting 100s of jobs in the UK and Germany

Ford cutting 100s of jobs in the UK and Germany

Ford is aiming to saving US$200 million a year by reducing the number of sales marketing and administration jobs its supports in Europe. To achieve this Ford will offer a voluntary redundancy scheme to the 10,300 salaried workers it employs in Europe, according to Reuters. The deal is likely to include severance pay and early […]

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Comment

Conditions ripe for European trade barriers?

Conditions ripe for European trade barriers?

New year, new trends It seems a bit pessimistic to start 2016 with a reference to recession. Nevertheless, when Bank of England deputy governor Minouche Shafik suggested the UK tyre industry is in the grip of recession-based consumer behaviour at the end of 2015 she highlighted an important point. The market is encountering different purchasing […]

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