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UK News
Formula One installs induction heat across 132 sites nationwide
10th May 2024Formula One Autocentres has invested in induction heating across their network to remove flame from their workshops. Formula One has reportedly seen the benefits of induction heating and made a significant investment by installing GYS Powerduction 39LG units in all 132 sites nationwide.
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SRI improves noise predictability for tyre development
15th May 2024Sumitomo Rubber Industries, Ltd. (SRI) has unveiled a new technique for predicting noise generated by the combined vibration of tyres and vehicle. By simulating how tyres roll when in motion and applying the lessons learned, SRI anticipates that both tyre and vehicle manufacturers will be able to reduce their products’ noise emissions.
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Retreading News
- 2024 marks 50 years of Bulldog and 20 years of Bridgestone partnership
- Brenno Benaglia, a pillar of the retreading business, has passed away
- Kraiburg Austria preparing for future retreading with “targeted measures”
- R&D, TIP and Alphatread amongst Hankook’s sustainability and retreading achievements
- The importance of the UK tyre retreading sector to sustainability
Goodyear sites in France, Belgium & Luxembourg raided
In an operation that French newspaper Le Monde describes as “both spectacular and unprecedented,” investigators from three European countries carried out a series of raids against Goodyear today. The publication writes that the prosecutor in Besançon, France confirms this action, which took place just two months shy of the tenth anniversary of a fatal motorway crash involving a Goodyear Marathon LHS II truck tyre.
Continue Reading‘Strong double-digit’ – Premium tyres & SuperTruck driving Prometon market share
A new name appeared on our radar in 2017 when Prometeon Tyre Group began producing the existing 01 Series truck and bus tyre range. Prometeon followed this by playing an active role in developing a successor, the Serie 02. This range debuted in 2022, and by that time the company was gaining market share both in the UK and elsewhere, aided by a multi-brand product portfolio. The Prometeon name came out into the open with the launch of the SuperTruck service network, which arrived in the UK last y
Continue ReadingGoodyear reports net loss of $57 million in Q1 2024 figures
While Goodyear reported a net loss of $57 million in the first quarter of 2024, other metrics suggest that the company’s financial situation is offering signs of improvement. A strong showing from the Asia Pacific region and the welcome “stabilisation” of truck tyre demand in EMEA were both notable examples of improvement alongside the impact of Goodyear’s well-documented Goodyear Forward transformation plan.
Continue ReadingConti acquisition of Goodyear OTR ‘a complementary fit’ and analysts’ preferred ‘area for capital allocation’
Valuing Goodyear’s for-sale OTR tyre business at between $800 million and $1 billion, financial analysts have evaluated a hypothetical acquisition of the unit by Continental AG as “a complementary fit”. Writing in an investor’s note dated 23 April 2024, the Jefferies report endorsed the business case behind the scenario:
Continue ReadingTire Cologne 2024: From cutting-edge new tyres to technology and sustainability
Ticket sales for the Tire Cologne got underway about a month ago at the end of March. Around the same time, Koelnmesse, the organisers of arguably the European tyre business’s largest exhibition published its exhibitor list. Now Koelnmesse is previewing what visitors to The Tire Cologne will be able to experience when the show runs between 4 and 6 June 2024.
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