Tag: Pirelli
Increased capacity, exports: Prometeon investing $115 million in Turkey
Capacity at the Prometeon Tyre Group plant in İzmit, Turkey will increase by 75 per cent by 2020 in order to accommodate plans to almost double exports from the facility. This project will be funded by a US$115 million investment announced by the company on Tuesday.
Pirelli, Rostec investing 100 million euros to double Voronezh plant capacity
Pirelli Tyre Russia and Rostec have placed their signatures upon a memorandum covering plans to more than double production capacity at the Voronezh Tire Plant in southwest Russia. This agreement formalises the long-held aim of increasing capacity at the joint venture facility from 2 million to more than 4 million passenger car tyres per annum.
Pirelli resumes cross-ply car tyre production
No, this isn’t fake news or a misprint: More than half a century after producing its last cross-ply car tyre and electing to exclusively focus upon radial construction in this segment, Pirelli is once again making cross-ply tyres for classic cars. The Pirelli Stella Bianca is back.
Pirelli completes high-end tyre JV
With the completion of Pirelli’s acquisition of a 49 per cent stake in Jining Shenzhou Tyre Co., the tyre maker’s management assume operational responsibility for the joint venture company’s consumer tyre plant in China. Pirelli states that the new plant will provide it with the “necessary production flexibility” it requires within its ‘High Value’ segment to accommodate the evolving Chinese market as well as expected developments in electric vehicles and the growing share of original equipment homologations obtained in China, Japan and Korea.
Pirelli revises F1 tyre colour coding
Depending on how you look at it, Pirelli has either simplified its F1 tyre colour coding for 2019 or made it more complicated. Only three P Zero colours will be seen at each race next year. These will always be the same – white, yellow and red – and denote the hard, medium and soft tyre choices at every Grand Prix. But the use of just three colours doesn’t mean Pirelli will only offer three tyre compounds.
EU rejects claims Pirelli isn’t related to CNRC and Aeolus
Having published its definitive decision on Chinese-produced truck tyre dumping, the European Union has also rejected claims that Pirelli is not related to either China National Tire & Rubber Co., Ltd (CNRC, which is owned by ChemChina) or Aeolus. Therefore, any tyres made by any of the related companies in China have to be subject to comparable import tariffs.
EU makes final truck tyre anti-dumping duties decision, retains fixed rates for manufacturers
The European Union has made its conclusive statement on the introduction of anti-dumping tariffs on truck and bus tyres and retreads manufactured in China. As previously announced, the EU will impose fixed rate anti-dumping duties on the products, with the final regulation 2018/1579 implemented from 23 October. This ends speculation that percentage rates could be applied. In fact, the EU has revised tariff levels up, almost across the board.
Tyre manufacturer share prices fall as demand loses pressure
Shares in tyre manufacturers dropped by as much as 9 per cent on Friday 19th October 2018, following Michelin reports that third quarter demand was down and that it was not expected to improve in the fourth quarter. Shares fell 6 per cent in early Paris trading to a seven-year low, but continued downwards and were down more than 9 per cent by mid-afternoon to 89.54 euros.
Pirelli to use ‘Patent Box’ tax breaks to further shift high value/standard balance
Pirelli is looking forward to tax concessions worth millions through its participation in the ‘Patent Box’ tax regime. Yesterday the tyre maker signed an agreement with the Italian tax office covering the 2015 to 2019 fiscal years; it estimates that the tax benefit for the three fiscal years to 2017 alone will amount to approximately 54 million euros.
Bespoke Pirelli tyres for Ferrari’s first 21-inch fitment
The traditional collaboration between Pirelli and Ferrari continues with the development of bespoke P Zero tyres for the Maranello-based manufacturer’s Monza SP1 and SP2. The new Ferrari Monza models will wear Pirelli P Zero rubber in size 275/30 R21 at the front and 315/30 R21 at the back.
Bridgestone tops 2018 global social media ranking
Bridgestone has taken pole position in the 2018 Tyres & Accessories global social media ranking. The world’s largest tyre manufacturer’s @Bridgestone handle rose an impressive seven places to take first place from last year’s winner Michelin. Both @Bridgestone’s Klear and RightRelevance scores were of the highest order, with just three points separating them, resulting in a very high average of 87.7, which was ultimately three points clear of second place.
Conti seals hat-trick in Auto Express winter tyre test reflecting British climate
Continental’s WinterContact TS 860 has won its third consecutive Auto Express winter tyre test. The tyre beat strong competition from major manufacturers, most notably Hankook, whose Winter i*cept RS2 received a “commended” rating in second place, in a test tweaked this year “to better reflect UK driving conditions”. Outside the winter tyre competition, Auto Express also commented that the all-season control tyre, the Michelin CrossClimate+, not only finished close to the top in dry and wet tests, but was also only behind Hankook’s star performer in the snow – a result Auto Express described as “remarkable”.
Pirelli fined £512,000 for Carlisle plant safety incidents
Pirelli Tyres Ltd has been fined after two employees had their arms broken by the same machine at the tyre maker’s factory in Dalston Road, Carlisle.
Pirelli opens P Zero World in Monte Carlo
A new P Zero World – the second Pirelli has set up in Europe and just the third worldwide – has opened a few metres away from Portier corner on the Monaco Grand Prix circuit. The outlet’s opening was celebrated by a parade of more than 40 supercars taking part in the first-ever P Zero Road Experience held on public roads, and the inauguration of P Zero World in Monte Carlo also hosted the world debut of the latest creation from MV Agusta and Pirelli Design.
Pirelli launches Cyber Fleet and Cyber Gate solutions
Pirelli has renewed its Cyber Fleet solution, launching the latest version at the 67th edition of the Hannover IAA Commercial Vehicle show. The new edition of the system focuses on two technologies - Cyber Fleet Smart and Cyber Fleet Gate. According to the company, these solutions have been designed to optimize management costs, increase safety and efficiency when it comes to tyres, reduce both vehicle downtime and CO2 emissions.