Tag: growth

SimpleTire grew 1197% in three years

28th August 2018 | 0 Comments

US-based Inc. Magazine’s “Inc. 5000” list of top American private companies has named SimpleTire as the fastest-growing automotive brand in America. It was also described as the second fastest-growing retailer in Philadelphia.

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ZC Rubber sales up 22%

20th March 2018 | 0 Comments

At the ZC Rubber dealer meeting held in late January, the ZC Rubber reported that its 2017 sales revenue was up by about 22 per cent.

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Cimcorp appoints new leadership

Cimcorp appoints new leadership

21st March 2017 | 0 Comments

Major organizational changes have been announced by Cimcorp. the robotic gantry-based and tire-handling solutions supplier. Three senior executives have been appointed to Cimcorp’s Group Executive Management, two sales units have been merged and a more highly integrated software department has been formed. Masatoshi Wakabayashi, CEO, Cimcorp, says, “The changes have been made in response to […]

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Nokian president ‘confident’ that company is returning ‘to profitable growth’

18th November 2015 | 0 Comments

At Nokian Tyres’ Capital Markets Day for investors and analysts in Helsinki, Finland, president and CEO Ari Lehtoranta expressed confidence that the company has started its “journey back to profitable growth.” Focusing on Nokian’s strategy and financial targets, the manufacturer also made no changes to its previous guidance for 2015; the company’s results have shown contraction throughout the year.

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Maxxis up, despite down market

Maxxis up, despite down market

8th December 2014 | 0 Comments

Despite other whole market figures saying the UK annual passenger car tyre replacement demand fell back during 2014 (Gfk) or was stable (Continental), Maxxis reports that the last 12 months actually represented examples of “good growth”. While not exclusively for this reason, this is likely to be a result of the company’s successful growth of its fitting network – not to mention increases in OE sales and product development and strategic sponsorship.

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Hankook increases operating profit, sales

Hankook increases operating profit, sales

30th October 2014 | 0 Comments

On the back of an expanding original equipment portfolio and higher ultra-high performance tyre sales Hankook Tire has reported increased operating profits and sales in its third quarter, reversing a year-long downward trend. The manufacturer has global sales revenues of 1,250 million euros (KRW 1.72 trillion), with operating profit of 208 million euros (KRW 276 billion).

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Increased OE activities and higher global sales part of Cooper’s growth strategy

16th May 2014 | 0 Comments

At its Investor Day, held in New York on 15 May, Cooper Tire & Rubber outlined the measures it will implement to support the company’s goal of sustained annual operating profit in the eight to ten per cent range and, over the long term, operating profit above ten per cent plus annual net sales in the vicinity of US$5 billion to $6 billion.

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Pumping up

Pumping up

15th April 2014 | 1 Comment

The state of various European economies varies significantly, there are signs that the tyre markets are picking up and – if some of the large tyre makers’ recent financial reports are anything to go by – premium tyre sales are what are needed to turn green shoots into green backs.

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