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You are here: Home1 / Europe

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Goodyear to cut 5% of salaried staff globally, $80 million 4Q loss expected in EMEA

Company News, International News
Goodyear

Goodyear Tire & Rubber Company is planning “rationalization and workforce reorganization” actions that would result in a 5 per cent reduction in salaried staff globally, or about 500 positions. According to executives, the move has been prompted by the “challenging industry environment and cost pressure driven by inflation.” However it is also attributed to weaker-than-expected fourth-quarter results:

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Related news:

  1. Integration on-track: Goodyear reports 16% growth plus greater synergies from Cooper Tire acquisition
  2. Price mix contributed more to Goodyear EMEA 3Q figures than Cooper Tire sales
  3. Cooper Tire joins the Goodyear team
  4. Goodyear reports 42% net sales increase in 2021, EMEA back in black
27th January 2023/0 Comments/by Chris

EU extends duties on aluminium wheels from China

International News

On 19 January, the European Commission extended anti-dumping duties on aluminium road wheels from China for a further five years. The extension follows an expiry review investigation, which showed that these wheels continue to be dumped on the EU market and that industry within the European Union would suffer significant harm if the measures were allowed to lapse.

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Related news:

  1. Anti-dumping – EC to investigate Chinese tyre imports to Europe
  2. EU makes final truck tyre anti-dumping duties decision, retains fixed rates for manufacturers
  3. EU retains aluminium wheel duties – China feels unfairly blamed
  4. Chinese truck/bus tyres: EU introducing anti-dumping duties tomorrow
23rd January 2023/0 Comments/by Stephen

EC provisionally reduces Chinese truck tyre tariffs to €38.87 for most manufacturers

Company News, International News
S. Hermann & F. Richter; Pixabay

The European Commission has provisionally recalculated anti-Chinese-produced truck tyre import tariffs to between €21.12 and €61.76 per tyre, equating to a reduction of between 0 and 51 per cent, depending on the manufacturer. Consultation on the provisional recalculation is now open until 23 January, before the final determination will be made on 25 January 2023.

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Related news:

  1. Chinese tyre makers off-shoring in Southeast Asia
  2. EU publishes definitive anti-subsidy and updated anti-dumping rates
  3. Chinese tyremakers encouraging European customers to claim back truck tyre tariff payments
  4. European Commission reopens Chinese truck tyre investigation
12th January 2023/by Chris

Michelin appoints Giuliani as VP Corporate Sales & Distribution Europe

Career Tracks, Company News

On 4 January Marco Giuliani physically rejoined Michelin Headquarters in Clermont-Ferrand after a number of years to take on the role of vice president corporate Sales and Distribution Europe.

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Related news:

  1. Michelin Installing Europe’s Largest Photovoltaic Roof
  2. New sales manager for Cooper Tire France
  3. Tereos joins BioButterfly, signs agreement with Michelin
  4. Michelin decarbonising Cataroux site in France
6th January 2023/by Chris

ZC Rubber names new sales director for agricultural tyres in Europe

Career Tracks, International News
Maxam Tire International

The Zhongce Rubber Group (ZC Rubber) has a new sales manager for agricultural tyres in Europe. Mark Turner has taken on the role of European sales director agricultural tyres.

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Related news:

  1. Goodyear appoints new EMEA president
  2. Doublestar names Antonio Smith as general director for Spain and Portugal
  3. Prometeon appoints Ali Yilmaz as UK, Eire and Nordic marketing manager
  4. Goodyear appoints new President of China
4th January 2023/by Chris

Sentury Tire producing Nokian tyres for Europe

Company News

From next year, Qingdao Sentury Tire will manufacture passenger car tyres under the Nokian brand name for the Central European market. Under a recently-signed contract manufacturing agreement between Nokian Tyres plc and Qingdao Sentury Tire Co., Ltd., production of a selected range of Nokian-designed and -tested tyres will commence in the first half of 2023, with products reaching the market in the second half of the year.

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Related news:

  1. Nokian Tyres begins ‘controlled exit’ from Russia
  2. Nokian and Matador To Commence Contract Manufacturing
  3. Nokian Tyres: Lower sales & earnings in 2020
  4. Nokian Tyres: Record sales & improved margins in 2021
19th December 2022/by Stephen

European operations lead the way as Apollo Tyres reports 16% increase in profitability

Company News
Apollo Tyres

At the end of the second quarter ended 30 September 2022, Apollo Tyres Ltd reported double-digit increases in sales and profitability that point to even great performance in the first-half of the company’s current financial year. And the data shows that company’s European operations are at the forefront of leading the company’s strong performance.

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Related news:

  1. Stirred up for growth – Apollo Vredestein prepares for a greater European presence with new tandem mixer
  2. Apollo Europe profits fall sharply in Q2
  3. No European Plant for Apollo, Vredestein Plant Gets Nod
  4. Apollo aims for leadership in Indian two-wheel tyre market, Europe next
14th November 2022/by Chris

Recent Western Europe car tyre production decline ‘similar to financial crisis’ years

Company News, Market Info, Premium, Product News

Passenger car and light truck (PCLT) tyre production trends in Western Europe have been scaling down over the long-term. The move to larger production facilities in the comparatively low-cost labour markets in Eastern Europe, or greater reliance on imports from Asia, has seen a steady stream of plant closures and conversions to speciality, short-run production capacity – on in the case of Cooper Tire’s UK plant, for example, one followed by the other – in the region. A new assessment of the most recent three-year period by tyre industry analyst Astutus Research suggests that the overall picture has been of a decline similar to the period following the 2008 financial crisis, which was itself a catalyst for this trend. Yet digging a little deeper into the figures shows several dynamics at play in European PCLT tyre production, including supply chain disruption and spiralling energy costs. For comprehensive analysis of global tyre market trends, a series of reports by Astutus Research are available to buy now in the Tyrepress Reports Shop – click here for more details.

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Related news:

  1. Decennial shift in global PCLT tyre volume market share
  2. Michelin the number one consumer researched tyre brand: Tyre Reviews
  3. 3 tyres rated ‘exemplary’ in Auto Bild’s winter tyre test
  4. Goodyear: New EfficientGrip Performance 2 tyre offers 20% more mileage than Michelin
28th October 2022/by Andrew

Apollo targeting 50% increase in off-highway tyre share: Interview with European president Benoit Rivallant

Company News, International News
Anthony/Tyre Industry Publications Ltd.

During Apollo Tyres’s recent celebration of 25 years of Traxion agricultural tyre technology, Europe president Benoit Rivallant set an ambitious target of growing the company’s off-highway tyre (OHT) revenue by 50 per cent. In Europe, 16 per cent of total revenue originates from the off-highway tyre sector. This compares with 63 per cent from passenger car tyres, 12 per cent from truck and bus tyres, 8 per cent from spare tyres, 1 per cent from bicycle tyres and 1 per cent from other products. In other words, the 16 per cent originating from off-highway tyre sales is a strategically important figure, 92 per cent of which comes from the agricultural sub-segment. Tyres & Accessories took time out with the company’s European head in order to find out more about how executives plan to achieve such ambitious targets in the context of a broadly challenging tyre market environment.

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Related news:

  1. Apollo Vredestein ‘scaling back’ European production
  2. Sibur-Russian Tires: Lone Fighter in Essen
  3. Jon Cottrell joins Vredestein UK
  4. Yokohama offers US$2 billion for Trelleborg Wheel Systems as global off-highway tyre segment consolidates
20th October 2022/by Chris

Guizhou (Advance) Tyre plans to expand EU sales

International News
Online investor Q&A

On 14 October, Guizhou Tyre (also known as Advance Tyre) answered several questions from investors during an online T&A. Tyrepress has analysed the questions and presents a selection of Guizhou Tyre’s answers here.

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Related news:

  1. Guizhou Tire begins $350 million construction project on two China factories
  2. Guizhou Tyre raises 1 billion yuan for Vietnam tyre factory in private share issue
  3. Guizhou Tyre Vietnam plant officially put into operation
  4. Guizhou Tyre reports increased production and sales
18th October 2022/by Chris

Tyre manufacturers expanding in a down market

Editorial/Comment, International News

June and July saw a spate of factory investment and opening announcements. First there’s the news that Linglong manufactured its first tyre at its brand-new Serbia tyre production plant at the end of June. Of course, this project has been underway for some time, but the fact that it got going just before the end of the first half of 2022 is noteworthy for two reasons. Firstly, notwithstanding the inhibiting effect of general market headwinds associated with pandemic fall-out and war in Ukraine, the project is basically on-schedule. And secondly, it demonstrates that no enthusiasm for Western and specifically European tyre production has been lost since the nullification of European import tariffs against Chinese-produced truck tyres roughly a month ago.

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Related news:

  1. Linglong’s Serbia factory faces local environmental opposition
  2. Shareholders approve US$1 billion Linglong Tongchuan factory investment
  3. Sailun: 7 million tyres sold in Europe and counting
  4. Rebuilding Sailun: Multi-billion dollar plans for new tyre and materials factories analysed
10th October 2022/by Chris

Prinx Chengshan launches A-rated truck tyre in Europe

International News, Product News
Prinx Chengshan

During the recent IAA 2022 truck event in Germany, Chinese tyremaker Prinx Chengshan released its TH155 truck tyre pattern. The new trailer hybrid, OE oriented tyre is described as having “outstanding overall performance”, something that is attested by its “A” and “B” ratings for wet grip and fuel consumption on the European tyre label (in 385/65 R22.5). The tyre will be marketed under the Austone ATH155 and Fortune FTH155 brand names.

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Related news:

  1. Truck/bus tyre label arrives as new EU rules take effect
  2. Winter Tyres for Trucks
  3. European, US Tyre Sales Reveal Mixed Results
  4. New European Tyre Label set for May 2021 introduction
26th September 2022/by Chris

Jon Taylor to lead Point S Tyre & Autocare training

Career Tracks, International News, UK News
Point S

Point S Tyre & Autocare has appointed Jon Taylor as UK and European training manager. Taylor will now create a new Training Academy for Point S tyre dealer and maintenance networks across Europe.

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Related news:

  1. Pirelli offers contactless tyre and car maintenance through its Driver networks
  2. ATS Euromaster invests in making centres EV-ready
  3. Point S Launched in UK Market
  4. Point S adds electric vehicle focus to UK network growth
22nd September 2022/by Chris

ZC Rubber appoints Martin Wells as European MD

Career Tracks, Company News, International News
ZC Rubber

ZC Rubber has named Martin Wells as the company’s new European managing director and president of ZC Technical Center and Global OE. Meanwhile, Jörn Tietjens has been appointed as senior key account manager/senior automotive engineer of the European ZC Technical Center.

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Related news:

  1. ZC Rubber to build R&D centre for green tyre material with Ningbo Institute
  2. Chinese tyre manufacturers aim to increase OE supply
  3. Linglong’s dandelion and polyurethane tyres on-show at Tire+
  4. Decennial shift in global PCLT tyre volume market share
20th September 2022/by Chris

Hamaton offers truck upgrade for ATEQ VT56

International News, Product News
Hamaton/ATEQ

With TPMS legislation soon to include commercial vehicles, Hamaton is offering a commercial vehicle upgrade for ATEQ VT56 users. ATEQ VT56 users across Europe can purchase the upgrade, to enable them to read and diagnose TPM systems on all commercial vehicles.

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Related news:

  1. Ateq VT Truck nominated for Equip Auto award
  2. Trends and predictions in the automotive diagnostic tools market
  3. Cyber Tyres are Coming, says Schrader
  4. ATEQ Europe to present VT56 OBDII diagnostic tool
15th September 2022/by Chris
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