Davanti Tyres commences UK cricket sponsorship
Davanti has signed a title sponsorship deal with one of the UK’s largest regional cricket leagues. The company said the arrangement forms part of its overall marketing strategy to increase consumer awareness of the brand and its benefits. It has already ventured into football sponsorship with high profile FA Cup matches in February and March. Davanti’s new sponsorship of the North Staffs and South Cheshire Premier Cricket League (NSSCPCL) will see all 55 grounds adorned with Davanti banners as part of the package. Its imagery is also prominently featured on the NSSCPCL website.
Continue ReadingNokian Tyres “in line with expectations” in Q1 2016
Although Nokian Tyres’ net sales decreased 1.9 per cent year-on-year to €275.8 million in the first quarter of 2016, the Finnish company increased its operating profit by 4.6 per cent to €50.5 per cent and nudged its operating margin up from 17.2 per cent to 18.3 per cent. Net profit for the January to March quarter amounted to €39.9 million, 70.5 per cent lower than the result recorded a year earlier; the reason for this was the return of €100.3 million worth of taxes and interest for 2007 to 2010 to the company’s books in the first quarter of 2015. Excluding this one-off event, profit rose 13.8 per cent year-on-year. Earnings per share amounted to €0.30 during the quarter.
Continue ReadingMRF sales, profits up
India’s MRF Ltd has posted net profit of Rs 3.76 billion (£39.1 million) for the quarter ended 31 March 31, 2016, up 7.6 per cent year-on-year. Total income increased 3.7 per cent to Rs 34.56 billion (£359.2 million).
Continue Reading“A story of continued weakness” – Titan International releases Q1 2016 results
The message to shareholders from Titan International chief executive and chairman Maurice Taylor is not one gladly heard: A 20.0 per cent year-on-year fall in sales during the first quarter of this year has been matched by an 11 per cent decline in sales volumes, a decrease in gross sales and an adjusted net loss of US$9.2 million.
Continue ReadingPirelli: all sustainability indicators improved
Since 2009, the base year for the mid-to-long term sustainability goals that Pirelli set for itself, the Italian tyre maker reports it has made ‘significant progress’ in the realization of its green performance goals. Indeed, Pirelli reports that it has improved sustainability across all its indicators.
Continue ReadingZafco to display extensive Zeetex product lines
Dubai based distributor Zafco will thrust its house Zeetex brand into the limelight at Reifen 2016, displaying its latest car tyre ranges from Hall 3, 3B28. “We believe that [Reifen presents] a great opportunity for our existing and potential customers to select from our extensive product offerings,” the company stated.
Continue ReadingNew tyres, wheels from Firenza and SSW at Reifen 2016
Singapore based tyre supplier Firenza will exhibit its full range of car and truck tyres, as well as its Stamford Sport Wheels (SSW) from Thailand. Firenza’s European market targeted ST-05A ultra-high performance tyre will lead the way in the car segment, alongside a multi-application SUV range (AT-186, HT-183 and ST-185), and the SV053 van and light truck tyre. Firenza’s truck products, including the SSR05A steer, SSM07 all position, and super-single range, will also be on the stand.
Continue ReadingOBO encourages Reifen visitors to relax at beach-themed tyre sustainability stand
OBO Tyres will present a stand designed to promote tyre retreading at Reifen 2016. The company’s 100sqm stand will be situated in the Gallery area that connects Hall 2 and 4, with OBO Tyres giving its booth a summer look, presenting large tyres in a beach environment. The retreader says its intention is to draw attention “to the most environmentally friendly” method of tyre production.
Continue ReadingNexen Tire to discuss innovations from Hall 3 stand
Nexen Tire will exhibit “the company, current product lines and future development projects” from a 300sqm stand in Hall 3 (Stand C32) at Reifen 2016.
Continue ReadingMichelin to show high mileage of broad product range, including second-line brands
Michelin will travel to Reifen 2016 with a comprehensive product mix representing its full portfolio of brands. Its booth (Hall 3, Stand C20) will contain Kleber and BFGoodrich, as well as retreading products Recamic and Michelin Remix among other Michelin products and services. Michelin states that it will focus its presentation on the high mileage achievable on its products across product segments.
Continue ReadingMarshalls extends Michelin relationship with Effitires contract
Michelin reports the signing of landscaping products supplier Marshalls to its Effitires tyre management programme. The price-per-kilometre deal covers all of the company’s mixed fleet of 173 DAF, MAN, Mercedes-Benz, Renault and Volvo tractor units and rigid trucks, along with 210 crane-equipped SDC trailers. It extends Marshalls’ existing Michelin preferred tyre supplier arrangement.
Continue ReadingKenda to display latest European market products at Reifen 2016
Kenda will exhibit new products specially designed for the European market to underpin its commitment to quality, the manufacturer states. Each of its latest products “use European requirements as a benchmark,” it added, “and have a clear focus on safety.” Its most important exhibit will be the latest Kenda ultra-high performance Emera A1summer tyre, which is designed to produce excellent handling on dry and wet roads with outstanding braking performance. The manufacturer will also shine a spotlight on its latest winter tyres; the Komendo Winter for vans and the Wintergen 2 for cars. Each of these new-generation products has been developed with the intention of achieving “a breakthrough into Europe’s quality segment by offering products for the European market,” Kenda stated.
Continue ReadingBridgestone tyres OE on BMW 7-series and X1
Bridgestone is celebrating original equipment success after announcing contracts to supply tyres to the BMW 7 Series and X1. The top-of-the-range luxury BMW 7 Series saloon, launched in July 2015, is equipped with Bridgestone Potenza S001 UHP sport tyres in six sizes, all with the added safety of RFT (Run Flat Technology). Potenza S001 is Bridgestone’s flagship UHP tyre engineered for high-speed performance.
Continue ReadingUK new car market continues stable growth
UK car registration figures show the market continues stable growth, despite an ongoing run of strong growth. New car registrations in the UK made a modest gain of 2 per cent in April, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT).
Continue ReadingContinental raises EBIT margin forecast to 11%
Although Continental says the economic environment in the first quarter of 2016 was as “difficult as expected,” the company reports making a good start to the year. In the three months to 31 March, the tyre maker and automotive supplier’s sales rose three per cent year-on-year to €9.85 billion, even though negative exchange-rate effects had reduced this sales growth by 2.1 percentage points. Adjusted EBIT climbed to €1.1 billion. At 11.3 per cent, the adjusted EBIT margin was higher than the previous years level of 10.6 per cent.
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