Company News

Goodyear – net income up 5% in Q2 2016

While unit volumes of tyres produced by Goodyear Tire & Rubber grew two per cent year-on-year in the second quarter of 2016, net sales for the three-month period were, at US$3.8 billion, down 7.0 per cent on a year earlier. The company nevertheless reported a 5.2 per cent rise in net income to $208 million, thanks largely to a decrease in income tax expense.

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International News

Yinbao aiming at mainland Europe post-US tyre import tariffs

Yinbao Tyre Group, a company that has been manufacturing tyres in China for 20 years now, is aiming to grow sales in mainland Europe. The decision comes around a year after the US renewed its policy of levying import tariffs against Chinese renewed products and thus made it impossible for some Chinese tyre makers to continue to do business in the US.

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Motorsport

WRC – no control tyre in 2017

The World Rally Champion may return to a control tyre, but this won’t occur next year. According to autosport.com, FIA rally director Jarmo Mahonen says a single tyre competition is not on the cards for 2017. “It's the normal business of the promoter to investigate these things,” he shared. “But it can't happen next year.” The publication adds that Mahonen hasn’t ruled out a control tyre for future seasons.

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Retreading News

TRA: Environment Agency plans “will decimate tyre recycling business”

Plans by the Environment Agency (EA) to introduce new norms for the storage and processing of end of life tyres (ELTs) will force many operators out of business by the end of this year, according to the Tyre Recovery Association (TRA). And what’s more this outcome is likely to drive tyre recycling underground too.

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Product News

Delphi releases Friction, Discs and Drums catalogue

Delphi has released its latest catalogue, containing information on more than 4,200 part numbers. The 2016/2017 Friction, Discs and Drums catalogue covers over 95 per cent of the EMEA car parc for braking and includes 360 new part numbers. In addition to these new part numbers, numerous new applications for existing part numbers have been added.

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Career Tracks

Karl Naylor becomes Apollo Vredestein UK country manager

Karl Naylor becomes Apollo Vredestein UK country manager

Apollo Vredestein has appointed Karl Naylor as UK country manager effective 11 July. Naylor brings with him over 20 years’ experience in sales and marketing at Michelin, Grouptyre and latterly with Kumho Tyre (UK).

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Comment

It’s goodbye from them and goodbye from us

Sometimes tyre people are creatures of habit. They like what they know and they know what they like. So when change comes it can feel disorientating. But change is also the engine of progress. And standing still is virtually synonymous with going backwards.

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