Hella to exhibit at UK Garage & Bodyshop Event
Hella is set to showcase its innovative diagnostic solutions at the UK Garage & Bodyshop Event taking place at the NEC in Birmingham on 5-6 June. Showcasing its state-of-the-art diagnostic technology on stand A28, Hella Gutmann’s mega macs family of diagnostic equipment is expected to attract the attention of independent garages seeking a more flexible approach to diagnostics.
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Ceat net profit surges in FY24
Indian tyre maker Ceat Limited has published its audited results for the three months ending 31 March 2024, the final quarter of its financial year 2024. On a consolidated basis, the company achieved revenue of Rs 299.19 billion (£2.86 billion). EBITDA margin stood at 13.4 per cent, a contraction of 97 bps versus the third quarter. Net profit amounted to Rs 10.23 billion (£97.89 million).
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TTC launch for latest Hankook EV tyres
Hankook Tire is limbering up to present product innovations at The Tire Cologne this June, where it will display a new addition to its iON range of EV-oriented tyres as well as well as a product designed specifically for electric buses operating in urban areas.
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Ascenso expands VDR 2000 range
A further ten sizes have joined the Ascenso VDR 2000 range of Very High Flexion tyres for tractors and harvesters. Ascenso says that it will additionally expand its VF tyre portfolio “in the next few weeks and month” by adding flotation as well as tractor tyre sizes. The company has stated an ambition of establishing itself in this segment.
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Kal Tire & Pitcrew AI forge strategic alliance
Kal Tire’s Mining Tire Group has entered into a global mining partnership with Pitcrew AI, a pioneer in autonomous vehicle inspection systems. The Memorandum of Understanding (MOU) signed by the two firms solidifies their existing collaboration and designates Kal Tire’s Mining Tire Group as Pitcrew AI’s preferred global partner. Kal Tire says the agreement capitalises on its extensive customer network and will leverage its established presence in key mining regions to ensure widespread accessibility to Pitcrew AI’s technology.
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Enhancements at Nokian Tyres’ Finland plant driving productivity & efficiency improvements
Nokian Tyres’ Nokia factory in Finland continues its developmental journey, with ongoing enhancements in tyre production processes. Notably, last year witnessed a notable increase in productivity and efficiency alongside a reduction in waste. These strides reflect the factory’s commitment to continuous improvement principles, where incremental changes yield substantial impacts. Safety also remains a core focus area at the factory, with significant strides made over the years despite a slight dip in 2023.
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Red Dot Design Award for upcoming electric bus tyre
Hankook Tire & Technology shares its latest triumph, being named ‘Winner’ in the Product Design category at the Red Dot Design Award 2024.
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Former Michelin Russia operations renamed Davydovo
Following the news that the former Michelin Russia tyre factory will be producing tyres under the Farlight and Selna brands in futures, according to the Russian Tyre Manufacturers Association (TMA), the tyre manufacturing operation has rebranded as Davydovo Tire.
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ZC Rubber exhibits at Intermat, Paris
At the end of April 2024, ZC Rubber showcased its latest Westlake, Tianli and Yonggu branded off-the-road and industrial tyre and track products.At the end of April 2024, ZC Rubber showcased its latest Westlake, Tianli and Yonggu branded off-the-road and industrial tyre and track products.
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Raw materials to become a headwind for tyremakers in 2H24 – analysts
Publishing its latest tracker of premium European tyremakers financial fundamentals, financial analysts report that pricing is currently a headwind and raw materials a tailwind year-to-date, however, raw materials will shift to a headwind in the second-half of 2024.
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Continental to promote Uniroyal products at RTX 2024
As well as demonstrating “Continental’s holistic approach to tyre management…with new and existing…technologies on display”, Continental will also be presenting Uniroyal products to be promoted to RTX attendees for the first time. Developed for mixed applications, Uniroyal’s highway line provides “high mileage in both regional and long-distance transport, increasing cost-efficiency by utilising a combination of optimised tread patterns on all axles”, according to the company.
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“Solid results in the midst of challenging market conditions” – Titan International’s Q1 2024
Titan International, Inc. has reported financial results for the quarter ending 31 March 2024. Results for Q1 2024 include approximately one month of results from the 29 February 2024 acquisition of Carlstar Group LLC. Net sales decreased 12.1% year-on-year, to US$482.209 million, and net income attributable to Titan and applicable to common shareholders was down 71.1%, to $9.201 million.
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Sailun sets sights on 100% sustainable material usage by 2050
Yuan Zhongxue, director of the National Engineering Research Center for Rubber and Tire and honorary chairman of the Sailun Group, announced sustainable development goals (SDGs) for the tyre maker during the recent 2024 China Rubber Conference. The SDGs aim to progressively increase the utilisation of sustainable materials in tyre production, targeting 40 per cent by 2030 and striving for 100 per cent by 2050. Additionally, Sailun aims to reduce per tyre energy consumption and carbon emissions by 30 per cent, compared to 2022 levels, by 2030.
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Continental a main sponsor & official tyre supplier of the Giro d’Italia 2024
Continental is continuing to expand its cycle racing sponsorship remit. The Tour de France is set to begin on 29 June, and before then the company will step up as the official tyre partner and one of the five main sponsors of this year’s Giro d’Italia, which gets under way this coming Saturday.
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Tire Cologne: Making a European exhibition of the tyre business
Running from 4-6 June, The Tire Cologne 2024 is rapidly approaching and, considering the last edition of the event was the first to take place in the post-Covid world, many in the wider European tyre business see the chance to meet together again now as more important as ever. With that in mind, we have devoted roughly a quarter to the May issue of Tyres & Accessories to previewing the products and services on offer at the event (see page 35 onwards).
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