Newly-published third quarter results show a Stamford Tyres experienced slight decline in turnover and a marked year-on-year drop in profits during the period. In the three months ending 31 January 2014, the Singapore-based company’s revenues decreased 2.94 per cent in the quarter to S$71.7 million (£34.0 million). Gross profit was down 2.35 per cent to $16.6 million (£7.9 million). Net profit fell 62.66 per cent to S$838,000 (£397,560).
Last year's BEN Ball more than lived up to its billing as ‘the night of the year' for the automotive industry. It will live long in the memory of all guests and is already attracting interest and enquiries for this year. BEN has decided to reward this interest with the offer of an early bird booking discount. Therefore every booking made before the end of March will qualify for a full 10 per cent reduction on all prices.
Toyo doesn’t produce aviation tyres, but this doesn’t stop its products getting airborne from time to time. On Sunday 16 March, a Toyo-shod vehicle will have a shot at the Guinness World Record for the longest car ramp jump; it’ll need a good run-up, as the record currently stands at 332 feet/101.19 metres.
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.
Exclusive importer and distributor of several budget brand truck and bus radial tyre product lines to the UK, Speke-based wholesaler Kirkby Tyres says it has sold over one million Double Coin truck tyres into the replacement market to date, and this partnership now includes a regional and all-position tyre built for urban and regional bus applications.
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.