Singapore-based Stamford Tyres has posted a S$4.85 million (£2.36 million) profit in the second quarter of its current financial year, a marked contrast to the $2.97 million loss reported a year earlier. Revenue for the three months to 31 October 2013 amounted to $71.5 million (£34.8 million), down 12.1 per cent year-on-year. The company says the lower revenues are mainly attributable to weaker export sales of Sumo Firenza tyres and mining tyres.
After visiting South West Yorkshire Partnership NHS Foundation Trust to test the pressures and condition of employees’ tyres, Michelin calculated the NHS Trust could save almost £22,000 per year if all employee vehicles in the Trust's 2,000-strong fleet were driven with tyres at the correct pressure.
According to a report from market research and consulting company TechSci Research, three tyre majors account for more than 70 per cent of tyre sales in Thailand. Bridgestone, Michelin and Goodyear dominate a market that is expected to grow significantly in the next few years and generate revenues up to around US$17 billion by the end of 2018. However the report, titled ‘Thailand Tyre Market Forecast and Opportunities, 2018’, opines that companies such as Yokohama, Sumitomo and Continental tyres are providing these three with “tough competition”.
Taiwan’s Federal Tyres has signed up as title sponsor of the ‘King of Europe’ drift series. The tyre maker will give its brand name to the King of Europe Street Legal and the Queen of Europe Ladies League for the 2014 season and will also be the official tyre sponsor.
Five years into a partnership with Tatko Otomotiv Group, rubber and retreading material supplier Kraiburg is celebrating increased market share in Turkey. According to the company, the Turkish market for HGV retreads is of paritcular strategic importance to Kraiburg Austria, with an annual volume of around 9,000 tonnes of material.
Apollo Tyres has announced the introduction of the Vredestein brand in India. Four ranges from the Dutch tyre maker will initially be available there - the Ultrac Sessanta, Ultrac SUV Sessanta, Ultrac Cento and Sportrac. These will be sold in a range of sizes for 15 to 20-inch rim diameters. The Vredestein range sold in India will complement the existing Apollo passenger car range, Apollo Tyres states.
Falken Tyre Europe has named Andreas Giese as its new product planning manager. Giese was previously with Giti Tire Deutschland, where he was employed as marketing manager for almost four years and was involved in the company’s European passenger car tyre business.
Goodyear Europe, Middle East and Africa (EMEA) published the findings of a new research project it undertook with the European Driving Schools Association (EFA) on 27 November. Alongside the research, Goodyear EMEA published a Road Safety White Paper – “Driving Safety First: Improving Road Safety For Novice Drivers”. The White Paper was introduced and discussed at a panel debate of the European Transport Safety Council in Brussels today.