Following weak performance in Russia and the CIS region in the third quarter of 2014, Nokian Tyres has revised its operating profit projection for the full year. The Finnish company now estimates operating profit of €300 million to €320 million for 2014, considerably lower than last year’s €385.5 million. Net sales, as per previous guidance, are also expected to fall compared with 2013.
It’s Friday, and many people will be heading to the pub this evening for a pint or two and something to eat. Those hoping for a meal to remember can increase their chances by picking up a copy of the Michelin Eating Out In Pubs Guide 2015, which was released today and available for £13.99, or €14.99 in Ireland.
One company that Tyres & Accessories met for the first time at Brityrex was Tri-Ace tyres, a Chinese contract manufacturer focusing on the Tri-Ace, Black Bear and Mark Ma brands. The company's products extend across the passenger car, ultra-high performance, trailer and light truck segments.
Pirelli will bring its softest tyre compounds yet to the Circuit of the Americas in Texas when it hosts its third Formula One grand prix. The soft compound replaces the hard, with the medium present in both 2012 and 2013. The compounds are designed to cope with the varying demands of the track, which takes in three long straights, but also a number of more technical corners.
After a one-year gap Bandvulc recently held its Key Partner Conference for its dealer network at the prestigious Midland Hotel in Manchester. Famous for a particular historical partnership, the Midland was where Messrs. Rolls and Royce met and agreed to form their company. The conference theme was: Partnerships, loyalty and recognising customers. Company representatives explained that this year’s conference was designed to inform the network of Bandvulc’s performance amongst other things.
Randstad has launched an Extended Interval Engine Oil Cleaner ‘Engine Flush’, providing independent garages with a profitable engine service. As engine oil deteriorates, sludge and other contaminants can accumulate within the oil system. These can damage engine components and, during a conventional oil change, become trapped, leading to further contamination of the new oil.
After 34 years in the tyre industry, Uniroyal truck tyres manager Glen Birkwood is retiring on 31 October. Having entered the tyre business in 1980, Birkwood rose through the ranks at Pirelli, Firestone and then Bridgestone before becoming Uniroyal truck tyres sales manager in 2000.
“The retail motor industry compromises of 8,000 member sites and too often the Government listens intently to the manufacturing sector, but takes scant account of the interests of retailers,” said RMI deputy chairman Peter Johnson, speaking at this year’s Retail Motor Industry Federation annual dinner in London on 23 October 2014.