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Four out of five consumers changing tyre shopping behaviour
26th November 2020Following what was generally regarded as an insightful presentation on the impact of coronavirus on global, European and UK tyre markets, the panel for our “New Tyres in Corona-World” Virtual Tyre Industry Conference 2020 session (James Ward, senior insight manager, GfK; Andrea Manenti, VP north region, Bridgestone; and Pravesh Amtha, Sales General Manager Consumer UK&I, Goodyear) moved into a discussion relating to how manufacturers are working on creatively supporting the tyre trade in the face of the second lockdown and ongoing pandemic- and economy-related complications.
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Goodyear moving low-volume tyre production from Colmar-Berg plant
26th November 2020Approximately 100 jobs will be cut at the Goodyear tyre factory in Colmar-Berg, Luxembourg under plans to relocate production of low-volume tyre lines to other Goodyear plants in Europe that have the required capacity and resources for the job. It appears the tyre maker intends to complete this restructuring process within the coming 12 to 18 months.
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Four out of five consumers changing tyre shopping behaviour
Following what was generally regarded as an insightful presentation on the impact of coronavirus on global, European and UK tyre markets, the panel for our “New Tyres in Corona-World” Virtual Tyre Industry Conference 2020 session (James Ward, senior insight manager, GfK; Andrea Manenti, VP north region, Bridgestone; and Pravesh Amtha, Sales General Manager Consumer UK&I, Goodyear) moved into a discussion relating to how manufacturers are working on creatively supporting the tyre trade in the
Continue ReadingFintyre bidder Springwater’s offer includes 50 million euro capital increase
The Springwater Capital financial group has made a binding offer for Fintyre, which is currently controlled by Bain Capital. No details have officially been released, but some Italian news sources are reporting that the Springwater offer includes a capital increase of 50 million euros. The company has been in talks with potential new investors since May.
Continue ReadingPolarised brand tier growth in UK van tyre market
While van manufacturers have been both developing their electric portfolios and sustaining a double-digit sales contraction in a pandemic affected market, the picture for van tyre suppliers is certainly not as hostile. As we will see in this feature, the requirements of e-commerce and electric vehicles are providing new impetus to van tyre suppliers in the medium term. But 2020 UK figures generated by market data analyst GfK’s Point of Sales Tracking show that the segment is faring better than
Continue ReadingVipal Rubber starts production at Argentina tread rubber factory
Following US$20 million of investment, Vipal Rubber has started production at its new tread rubber and pre-cured tread factory in Argentina. Located in the Perez, province of Santa Fe, Argentina, the new factory will supply the Argentine and export markets.
Continue ReadingHankook debuts UUHP tyre on Mini John Cooper Works GP
Hankook Tire says its new Ventus S1 Evo Z gives us a foretaste of the generation of ultra-ultra-high-performance tyres it will offer in future. We’ve gained a first glimpse of Hankook’s new UUHP rubber on the Mini John Cooper Works GP, where it sees duty as the exclusive original equipment tyre. The fastest roadgoing Mini ever to see light of day wears the Hankook Ventus S1 Evo Z in size 225/35R18 87Y XL.
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