Yokohama Rubber announces record earnings
Talk at Yokohama Rubber is of record earnings for the first nine months of a fiscal year. The company reports that between the start of January and the end of September 2021, profit attributable to owners of parent increased approximately tenfold year-on-year, to 43.5 billion yen (£284.9 million). Operating profit was up sevenfold, to 59.3 billion yen (£388.4 million) and business profit rose approximately fourfold, to 37.1 billion yen (£243.0 million). Sales revenue was up 22.3 per cent, to 460.5 billion yen (£3.0 billion).
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SRI: Lower full-year forecast despite profit bounceback
Although Sumitomo Rubber Industries’ (SRI) sales revenues and particularly profit for the first nine months of 2021 were healthily above those achieved a year earlier, the Japanese firm has downwardly revised its sales and profit forecast for full-year 2021.
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Hankook Tire gains ISCC PLUS certification
Hankook Tire has obtained the International Sustainability and Carbon Certification (ISCC) PLUS mark, which recognises its sustainability initiatives throughout the entire value chain from sourcing of renewable raw materials to sustainable finished products. The tyre maker points out that it’s the first firm in the tyre manufacturing industry to gain this status.
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Bridgestone: Higher sales, earnings in Jan-Sept 2021
Bridgestone Corporation reports revenues of 833.0 billion yen (£5.4 billion) in Q3 2021, a 12 per cent increase on the third quarter result a year earlier. Adjusted operating profit is up 54 per cent, to 101.7 billion yen (£644.4 million), with the margin increasing 3.3 percentage points, to 12.2 per cent. Profit attributable to owners of parent amounted to 70.5 billion yen (£460.6 million).
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BKT tyres arriving in Farming Simulator 22
Armchair farmers rejoice: Farming Simulator 22 debuts on 22 November. We’ve already reported that Continental tyres will debut on this latest version, and BKT now shares that its tyres will also be available on the virtual tractors and agricultural machinery. The following BKT products are joining the simulation: Agrimax V-Flecto, Agrimax Force, Agrimax Teris, Multimax MP 522 and Ridemax FL 693 M.
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India first: Vredestein pauses motorcycle tyre sales in Europe
Early in 2019, Apollo Tyres announced it would introduce motorcycle tyres into Europe under the Vredestein brand name, promising performance that competed with its rival’s first line products at prices competing with their second or even third line ranges. The first three models – the Vredestein Centauro ST radial for sport touring bikes, Centauro Road sports radial, and Staccata scooter range – debuted at the EICMA show in Italy later that year.
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Interview: Continental’s Tires head Christian Kötz on tyres, sensors and sustainability
With Continental AG celebrating 150 years in business during 2021, Tyres & Accessories recently interviewed Christian Kötz, Head of the Tires division and member of the Continental AG Executive Board in order to get an insight into how the global company is handling the challenges of today in light of its long history. Tyres & Accessories: Continental celebrated its 150th anniversary in October. For a large part of its history Continental has been primarily known as a tyre manufacturer. But what does the Tires business unit mean for Continental today?
Continue Reading Price increase: Birla Carbon
Birla Carbon, one of the leading manufacturers of carbon black, has announced a global price increase for all its Specialty Blacks products. These increases take effect 1 December 2021; all shipments made on or after this date are subject to the price increase.
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Continental: Components supply issues hit Q3 2021 sales & earnings
Anniversary year ups and downs: As it marks one and a half centuries in the business, Continental reports that it has “set the strategic course for the next successful chapter in its history by making its previously announced structural adjustments” during Q3 2021. But the delivery situation for electronic components also worsened during the quarter, and Continental says this “had a significant impact on sales and earnings” that could only be partially offset by sales volumes within its aftermarket tyre and industrial product businesses.
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Bridgestone & Webfleet solutions highlighting fleet electrification at MOVE 2021
As part of their commitment to help shape sustainable future mobility, Bridgestone EMIA and its Webfleet Solutions subsidiary are supporting the adoption of electrified fleets across the region. As sponsors of MOVE 2021, both companies are today in London showcasing their work to address EV concerns among fleet customers and accelerate the electric future.
Continue Reading Tyre recycling: Investment aiding Bolder Industries’ global ambitions
Bolder Industries, Inc., a US-based firm specialising in converting end-of-life tyres into sustainable carbon black, oil and steel, has raised US$80 million in equity and an additional $100 million in committed project-level funding. This will support global growth to meet rising customer demand, including long-term contracts from major automotive, manufactured rubber, plastics and sustainable petrochemicals partners. Funding is co-led by CIM Group and Aravaipa Ventures and supported by strategic partner Tauber Oil.
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Deldo introducing new lines & sizes despite volume cuts
Hindsight is said to be 20/20, yet this isn’t a faculty that helped the tyre industry this year. Early optimism driven by vaccine rollouts quickly turned to despair as sideways-parked container ships, skyrocketing sea freight prices, rising material costs and supply shortages delivered blow after blow. As we enter the final quarter of the year we have a much clearer view of what’s going on, and what we see is that tyres will be pricier in the coming months – assuming we can get our hands on them.
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BTMA: UN red alert on climate change is a call to action
Recent years have seen tyre industry interest and investment in sustainability sharply increase. In August the Intergovernmental Panel on Climate Change (IPCC) published an uncompromising report warning that “Scientists are observing changes in the Earth’s climate in every region and across the whole climate system” and adding that “some...are irreversible over hundreds to thousands of years.” Here, British Tyre Manufacturers Association chief executive, Graham Willson explains why the UN red alert on climate change is a call to action and what it means for the UK tyre industry:
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A cause of great pride: Vredestein on Auto Bild honour
Apollo Tyres expresses pride in its Vredestein brand’s podium finishes in Auto Bild’s annual Tyre Manufacturer of the Year awards. The leading German car magazine awarded Vredestein joint second in the winter tyre category and joint third place in the all-season category.
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‘Unstoppable power’ – Webfleet gains Frost & Sullivan award
Based on its recent analysis of the fleet telematics market, Frost & Sullivan has recognised Bridgestone’s Webfleet Solutions with the 2021 European Fleet Telematics Company of the Year Award. The panel commended Webfleet Solutions for its strong leadership position and its innovative products, solutions and services that meet ever-evolving customer needs.
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