AC Milan and Nexen Tire have announced a new partnership that will see the South Korean brand become the football club’s new tyre partner in the Italian market. The announcement follows a positive season for the ‘Rossoneri’, which saw AC Milan secure a second-place finish in the top-flight Serie A championship and qualify for the UEFA Champions League.
Giandomenico Basso beat Italian rally champion Andrea Crugnola and Hungary’s Norbert Herczig to make an all-Pirelli podium at the Rally di Roma Capitale. The round of both the Italian and European championships is contested over 13 asphalt stages, with competitors using the consistent Pirelli RA5 tyres, which contended with high ground temperatures of up to 60 degrees centigrade.
In May 2021 the Provana Group was established in order to promote “sustainable product systems in agriculture”. Provana Group is actually the third generation of Provana companies, which focus on services for the manufacturers of tyres and agricultural machinery.
During the pandemic year 2020, connected and intelligent car solutions reached a value of 1.8 billion euros. A third of the market is represented by ADAS systems (Advanced Driver Assistance Systems, equating to 600 million euros). The largest segment is constituted by so-called solutions for the connected car, which in 2020 slowed down to 1.18 billion euros (-2%), after having grown in double figures during both 2018 (+ 31%) and in 2019 (+ 14%). Similar trends can be seen across Western countries, which oscillate between -5 per cent and + 5 per cent.
This is certainly Italy’s week, and not just on the football pitch. A fortnight after taking in London and Southern England, the Goodyear Blimp is cruising towards Milan and will arrive there on Thursday. In addition to flying over the city, it will provide motorsport fans with aerial coverage of the WEC 6 Hours of Monza on 18 July.
Dunlop is to act as an official sponsor of the 2021 FIM International Six Days of Enduro (ISDE). After a gap of one year, the ISDE returns with a demanding route in Italy’s Apennines Mountains between Lombardy and Piedmont. The 95th edition of ISDE begins on 30 August and will feature 29 competing nations and 200 teams, including eight national teams in the Women’s World Trophy.
We’ve notched up three quarters of a century in the business, and much has changed since the first, rationing-restricted issue of Tyres & Accessories appeared in June 1946. Founding editor Frederick Carter is long gone and a mere handful of players now represent the resurgent British tyre making industry he gave a voice to. But much has also remained constant throughout these tumultuous decades, and to this day Tyres & Accessories fulfils Carter’s original remit of providing a ”suitable forum for the discussion of all questions of vital interest to the industry and those engaged in it.”
Pirelli will begin its vaccination plan for company employees and their families on 16 June 2021. According to the company, the campaign is directed at all employees at the company’s three Italian sites – Milan, Bollate and Settimo Torinese – where a total of around 3,000 people are employed. Pirelli had already indicated its willingness to provide vaccinations at the company and the campaign will allow employees to be vaccinated on a voluntary basis.
Pirelli is working with energy sector company Enel X to set up electric vehicle recharging infrastructure in selected Pirelli ‘Driver’ tyre centre outlets. The two companies signed an agreement to this effect at this year’s socially distanced version of the Milano – Monza Motor Show, which began yesterday in the centre of Milan. They will begin by setting up charging facilities at Driver centres in Italy before rolling out charging infrastructures at sites in Spain and then other countries where Pirelli is active with Driver Tyres and Service.
Springwater Capital has been confirmed as Italian tyre wholesaler Fintyre’s new shareholder, bringing with it 43 million euros of new capital – a figure that is in-line with reports suggesting Springwater’s involvement back in November 2020. Springwater Capital, founded in 2002 and led by managing partner Martin Gruschka, specializes in the turnaround of European Mid-Caps with a long-term investment horizon.
Marangoni’s positive recent business figures could have a sting in their tail for 188 workers at the manufacturer’s Rovereto, Italy plant. Negotiations with Brazilian retread supplier Vipal Rubber about a potential majority takeover of the Italian Marangoni Group are at an “advanced stage”, according to local press. According to the Corriere del Trentino, the regional edition of the Corriere della Sera, unions are increasingly worried about the future of Rovereto.
After 26 years front and centre, Pirelli may not be the shirt sponsor at Inter Milan anymore, but starting from next season and until the 2023/24 season, the tyre brand will become the club’s Global Tyre Partner.
Italmatic has announced the acquisition of Roverto, Italy-based Go Energy Srl (previously SD Meccanica), a specialist in the field of tyre manufacturing robotics. The acquisition adds to Italmatic’s status as a global leader in terms of technology and comprehensiveness of the range of machinery and accessories it offers the tyre retreading and repair industries.
Leading brake manufacturer Brembo has reported a 17.2 per cent increase in first-quarter 2021 revenues to 675.1 million euros. According to the company, the figure is even higher (+20.9%) where foreign exchange effects are considered on a basis. During the same period pre-tax profits (EBITDA) amounted to 135.6 million euros, which equates to a margin of 20.1 per cent (EBITDA). Net profits for the first quarter stood at 61.4 million euros.
Retreading specialist Marangoni considers both the performance and appearance of its products the “main Marangoni goal” when developing new solutions. Marangoni notes that while reliability, durability and performance are “indispensable requirements” for a premium retreaded tyre, it has observed a “growing request” from fleets for greater attention to detail and accuracy in tyre aesthetics.