Brake manufacturer Brembo S.p.A. has posted positive results for 2013 despite an 11.2 per cent drop in net profit during the final quarter of the year. The company’s revenues grew 12.8 per cent to €1.6 billion in 2013 while EBITA rose 23.5 per cent to €212.1 million, with a margin of 13.5 per cent. EBIT increased 35.6 per cent to €121.4 million, with a margin of 7.8 per cent. Net profit rose 14.4 per cent year-on-year to €89.0 million in 2013.
Nankang has been named official tyre partner of Japfest – billed as ‘Europe’s biggest Japanese car show – and the Trax. modified and performance car event. Nankang Tyre UK will entertain the crowds at both shows with displays from Nankang-shod drift cars, and will also display the latest Nankang product range at its stand.
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.
While premium tyre manufacturers are notably providing more application-specific products to the coach and bus sector, the move to specialisation does not end in the higher-priced market segment. Kings Road Tyres (KRT), one of the UK’s leading wholesale suppliers of specialist tyres to the bus and coach sector, explains that its exclusive brands Matador and Aeolus both offer coach and bus tyres for use in urban environs with mid-range and budget price tags.
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.