EU approves SRI Dunlop deal, but process “not yet complete”
At the start of the year Sumitomo Rubber Industries (SRI) confirmed its intention to acquire the Dunlop tyre brand from The Goodyear Tire & Rubber Company, and since that time we’ve awaited official approval from competition authorities. Earlier this month, the European Commission gave its blessing.
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Aeolus sales up, Aeolus and Promoteon profits down sharply; Wang Jianjun becomes Prometeon chair
Aeolus’ revenue in 2024 was 6.71 billion yuan (about £693 million; €808 million), a year-on-year increase of 16.89 per cent. However, the tyre manufacturer’s net profit and cash flow fell sharply year-on-year. Net profit was 280 million yuan (about £29 million; €34 million), a year-on-year decrease of nearly 20 per cent. Net cash flow generated by operating activities was 200 million yuan (about £21 million; €24 million), a decrease of nearly 60 per cent.
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Sailun and Rio Tinto sign 5-year supply deal
In Perth, Australia, Sailun and Rio Tinto signed a five-year supply agreement and global framework agreement for the Simandou project in Guinea from 2025 to 2030. Sailun said that its Maxam brand would provide a complete set of tyre solutions for Rio Tinto’s 230-ton mining trucks and supporting auxiliary equipment for the Simandou iron ore mine in Guinea and will gradually start cooperation with Rio Tinto’s other global projects.
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Nexen wins 2 Green Good Design Awards in the US
Nexen Tire recently won two awards at the 2025 Green Good Design Awards for its N’FERA Sport R and N’Blue 4 Season 2. The Green Good Design Awards are the eco-focused division of the Good Design Awards, organized by The Chicago Athenaeum and The European Centre for Architecture, Art, Design and Urban Studies.
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Kenda establishing central warehouse for Europe
During The Tire Cologne 2024, Kenda unveiled its new Specialty business unit and the company’s vision for strengthening the Kenda brand in Europe. The vision includes reinforcing aftermarket activities in various countries; most recently, this involves a “major step forward” for Kenda Europe Specialty in the DACH region of Germany, Austria and Switzerland. Moving forward, this will also benefit customers throughout Europe.
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Trump’s Tariffs to disrupt China’s tyre exports – March 2025 export data
In April 2024, the tariff policy of the Trump administration in the United States may completely changed the pattern of China’s tyre exports. Therefore, China’s export data in March may be the end of the era of China’s tyre export expansion. Next, the geopolitical changes led by the United States will determine the long-term and specific impact on China’s tyre exports in the future.
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Unicorn Tire to show Travelstar truck tyre range at Autopromotec
The Travelstar brand, which is owned by US-based Unicorn Tire, is set to showcase its latest truck and bus tyre lineup at Autopromotec 2025 in Bologna, Italy in May. Travelstar representatives report that the brand is expanding its presence across Europe with products “designed to meet the specific needs of fleet operators and the transportation industry”.
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Magna Tyres names Hein de Wind as CCO
Magna Tyres Group has appointed Hein de Wind as its new Chief Commercial Officer (CCO), effective immediately. de Wind will be responsible for “shaping and executing the global commercial strategy, accelerating the company’s growth, and reinforcing customer relationships across all regions”, according to the company.
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Goodyear reviewing options for India agricultural tyre business
Unlike in Europe and many other parts of the world, The Goodyear Tire & Rubber Company still directly controls its agricultural tyre business in India, manufacturing farm tyres in its Ballabgarh plant for the domestic market. But the US-based tyre maker intends to review these activities.
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Happy Easter from the team at Tyrepress.com
We wish all Tyrepress.com readers a Happy Easter. We will be back bringing you the latest tyre and industry news from Tuesday 22 April.
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Increased capacity for Goodyear Farm Tires’ European warehouse
Goodyear Farm Tires has almost doubled the warehousing space at one of its key European sites, adding more than 1,500 square feet / 140m₂ to the capacity of its Titan France headquarters in Flers, Normandy. The off-highway tyre specialist anticipates that a greater capacity will reduce both transit times to major European cities and delivery lead times to farmers.
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March tyre market trends show ongoing China / ROW divide
Michelin has published its Market Trends data for March 2025, and this shows no end to the original equipment sector decline currently affecting most markets around the world, with the notable exception of China. The tables turn in the replacement sector, with China’s subdued performance counterbalanced by growth elsewhere.
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Hankook iON a Lucid Gravity OE tyre
Hankook Tire & Technology has announced another original equipment supply deal, this time for the North American market. Lucid Motors will equip versions of its Lucid Gravity electric SUV sold within the region region with the Hankook iON evo AS SUV. Images accompanying Hankook’s announcement show the Gravity wearing the iON tyre in size 265/50 R20.
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Toyo Tires begins multi-year KPMG Women’s PGA sponsorship
Under a new agreement valid through to 2027, Toyo Tires becomes the official tyre partner of the KPMG Women’s PGA Championship, one of five major tournaments on the Ladies Professional Golf Association of America (LPGA) Tour. This engagement will give Toyo Tires prominent branding exposure at the venue and through television commercials in the USA. In addition, more than 170 countries will broadcast the Championship, including Sky Sports in the UK.
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Vipal Europe promotes training in West Africa
Vipal Europes commercial technical team recently conducted training in partnership with one of the leading groups in West Africa. With the goal of certifying West Africa Tires Services (WATS) in using the Vipal products to repair OTR tyres and heavy lorries to meet the strict requirements in service and certification, 25 technicians from different nationalities attended the qualification. The training included theory and practice, with a certificate issued at the end, and was administered by Alfonso Ibañez and Diego Barbosa, collaborators of the European subsidiary.
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