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Last year, Giti Tire debuted as sponsor and tyre supplier to the Fun Cup UK, and the tyre maker says it is proud to return for a second year in 2017. In addition to sponsoring the Fun Cup series, this year Giti Tire is also partnering with Team BRIT, a charity set up to inspire veterans with disabilities, PTSD, and mental health issues by demonstrating what can be achieved through motorsports.
Recycling equipment firm Eldan has opted to view Brexit as an opportunity in the midst of uncertainty, commenting on the subject for the first time on 17 August. According to the company, the uncertainty of the UK economy after Brexit and lack of a stable government has not affected the opportunities for Eldan Recycling in this key market. Enquiries show that there is still demand from customers who want to enter the recycling industry, the firm reports.
Hankook Tire has been assigned Baa2 and BBB ratings from the international credit rating agencies, Moody’s and Standard & Poor’s (S&P). This is the first time that the tyre maker has been rated by Moody’s and by S&P, and it comments that this multi-national company level rating “reflects Hankook Tire’s strong position as a global premium tyre brand.”
Hankook Tire has been assigned Baa2 and BBB ratings from the international credit rating agencies, Moody’s and Standard & Poor’s (S&P). This is the first time that the tyre maker has been rated by Moody’s and by S&P, and it comments that this multi-national company level rating “reflects Hankook Tire’s strong position as a global premium tyre brand.”
RTN Clayton Vallely, manufacturer of specialist tankers for the environmental, food and chemical industries, has taken delivery of its 500th Xlite forged aluminium wheel from exclusive European distributor, MWheels.
The Barnsley-based company, whose clients include Yorkshire Water, McVitie’s and Redway European, has specified the market leading forged aluminium wheels on orders since March 2014, primarily as fitted units with tyres from Bridgestone, Goodyear and Dunlop.
Arconic’s Alcoa Wheels product portfolio is expanding to include forged aluminium wheels with a combined Dura-Bright/Dura-Flange surface treatment.
Following the start of production at its Gyöngyöshalász plant in Hungary last quarter, Apollo Tyres is on its way to almost doubling European passenger car tyre production capacity over the coming year and a half. Speaking with analysts and investors last week after the release of Apollo’s FY2018 financial results, chief financial officer Gaurav Kumar confirmed that the facility in Hungary is expected to reach a daily capacity of 16,000 car tyres by the second half of FY2019 – in other words, sometime between September next year and the end of March 2019. This will give Apollo Tyres a total daily capacity of up to 35,000 passenger car tyres at its two European plants – and more than a third of output in Gyöngyöshalász may be earmarked for OEM customers.
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With over 2 billion passenger journeys a year, bus usage is around double that of the London Underground. But bus passenger numbers are in decline. Between 2014/15 and 2016/17, the number of passenger journeys made on buses fell by six per cent. In its second piece of important work on the capital’s buses, the London Assembly Transport Committee report ‘London’s bus network’ (published 17 August 2017) tackles the this subject and recommends:
A team of Michelin employees successfully cycled up Mount Ventoux in France and raised over £2,000 in the process. The adventure forms the first leg in a series of challenges to raise funds for Michelin’s chosen charity for 2017 – the Peter Pan Centre. The charity offers care, support and education to children from birth to the age of 5 with special needs, which can range from visual and hearing impairments through to chromosomal abnormalities and life limiting conditions.
There’ll be 100 candles on Yokohama Rubber Company’s cake come 13 October, and as part of its contribution to its parent’s birthday celebrations, Yokohama’s regional head office in Europe has launched a microsite that offers a historical overview of the Japanese firm.
Revenues at online tyre retailer Delticom amounted to 169.3 million euros in the three months to 30 June 2017, a 0.6 per cent increase on the revenues obtained in the second quarter of last year. This weak rise in sales follows a 19.9 per cent jump in revenues to 126.8 million euros in the first three months of the year; Delticom comments that sales were up in the first quarter year as the weather in March 2017 favoured an early start to the summer tyre season, pulling sales away from the second quarter. For the first half of the year, sales were up 8.0 per cent year-on-year to 297.1 million euros.
Brazilian retreaders União and Toro have installed a Vipal Rubber-developed casing buffing system. The VR01 Smart DUO, a dual position buffer, was installed at União Tire Retreading in São Paulo retreader in April. Soon after, another partner of the Vipal Authorized Network Deatler had installed a single position variant at its Toro Recauchutagem operation in Rio de Janeiro.
On the back of higher volumes, Nexen Tire reports t its net sales in the second quarter of 2017 rose 4.2 per cent year-on-year to KRW 514.1 billion (£350.4 million). Operating profit was, however, impacted by the high costs of raw materials in the first half of this year and fell 37.4 per cent to KRW 43.6 billion (£29.7 million). The operating margin decreased by 4.0 percentage points year-on-year to 7.8 per cent.
Automotive fashion house Kahn Design has designated the Cooper brand its first ‘Official Tyre’. Cooper will be the tyre of choice for Kahn’s Range Rover and Jeep model offerings, with Kahn outfitting vehicles with the Cooper Discoverer STT Pro POR, Discoverer S/TMaxx POR and Discoverer A/T3 Sport. In addition, select vehicles from Kahn subsidiary Chelsea Truck Company will also be fitted with Cooper Discoverer A/T3 Sport tyres.
Magazine titles belonging to the same publishing group streamline costs by sharing tyre testing resources, and as a result often draw similar conclusions. This was the case for the motorcycle tyre tests published by German magazines Motorrad and PS. Both Motorrad’s May 2017 evaluation of six touring tyre brands and the test of these products appearing in the September issue of PS magazine name the same brand as winner. Continental is therefore celebrating a “second test victory in just three months” for its ContiRoadAttack 3.
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