Sweden’s Trelleborg AB states that its net sales increased two per cent year-on-year in the second quarter of 2014 to SEK 5,725 million (£490.5 million) despite a one per cent decline in organics sales. Operating profit, excluding the company’s items affecting comparability, rose by 11 per cent to SEK 802 million (£68.7 million), equivalent to an operating margin of 14.0 per cent and the group’s highest ever for a single quarter. Earnings per share rose 38 percent to SEK 1.95 (£0.17) while operating cash flow amounted to SEK 539 million (£46.2 million).
Car production in the UK has been described as “robust” by the Society of Motor Manufacturers and Traders, who report that manufacturing volumes rose 3.5 per cent year-on-year between January and June 2014 to 791,314 units. Output in the month of June was 136,419 vehicles, 3.7 per cent higher than a year earlier and a result driven by a 16.5 per cent growth in production for the UK market.
While Continental says it will “stay on the ball” regarding its football sponsorship and confirms its intention to place a stronger focus upon sponsoring regional events in future, the tyre and automotive systems manufacturer hasn’t gone so far as saying it will not sponsor the FIFA World Cup 2018, as one German newspaper reported last week.
Pirelli has announced its compounds for the Formula One grands prix in Belgium, Italy and Singapore. At Spa, one of F1’s most spectacular and demanding circuits, Nico Rosberg, Lewis Hamilton and the increasingly distant chasing pack will use the P Zero White and Yellow medium and soft tyres suited to Belgium’s the varied track and weather conditions.
David Wilson has stepped down from his role as Director of the UK’s Retread Manufacturers Association, a role he has filled since January 2005. He will now be taking the opportunity to focus on the management of his publishing interests including Retreading Business, Tyre & Rubber Recycling and Commercial Tyre Business.
German OTR tyre specialist Rösler has launched its Intread TPMS system. The system is the first OTR TPMS system with the ability to measure the tread depth and the belt temperature. Rösler exhibited the system at Reifen 2014.
Cooper Tire & Rubber has appointed Mark Chung its vice-president, strategy & business development for the Americas. In his new role, Chung is responsible for leading the development and execution of Cooper’s North and South America business strategy, spearheading business intelligence, business development, and establishing processes to support the company’s growth initiatives in North America. He reports to Chris Ostrander, Cooper’s president, Americas Operations.
In this month’s magazine (July 2014), as well as our the conclusion of our comprehensive review of the Essen Show (see page 40 onwards) plus features on manufacturing (from page 24) and batteries (page 8+), we report on the potential “Return of US tyre import tariffs” (on page 30). Reading this article, you could be forgiven for thinking you had stepped into a time warp to 2009 where proceedings followed a very similar course. This time round, the potential implementation of a second round of import US import tariffs aimed squarely at China have fermented rumours about whether anything similar is likely to happen in Europe. So will it?