Tag: Prometeon
Yokohama Prometeon bid nearing completion, Aeolus Tyres now involved
In September 2019, Tyrepress.com broke the news that Yokohama is set to buy the ex-Pirelli industrial tyre business Prometeon. Back then, we reported that the deal was at an advanced stage and could be completed before the end of 2019. That clearly didn’t happen, but the deal is still live and the latest news is that it is nearing completion, but now also involves Aeolus Tyres.
Pirelli: Nokian merger rumours false
Market rumours that Pirelli is considering a €9 billion (£7.7 billion) merger with Finland's Nokian Tyres have been quashed by company spokespeople. Reports that such a deal was on the horizon emerged in mid-January and were then fuelled by re-reporting in the British and Italian press. However, these stories are “without foundation”, according to two Milan-based Pirelli spokespeople that Tyres & Accessories interacted with. Nokian has yet to comment.
Pirelli H:01 Coach – better performance, higher loads
Say hello to new generation of Pirelli tyres for buses and coaches engaged in regional and long-distance service. The H:01 Coach line-up includes the FH:01 all-axle and the specialised TH:01 drive tyre fitment. Manufacturer Prometeon says its R&D team aimed to develop a product that satisfies the needs of operators in the sector while keeping pace with the evolution of both vehicle technologies and regulations covering CO2 emissions and noise.
Camfin gains right to buy up to 15% of Pirelli shares
Pirelli shareholder Camfin now has the right to buy up to 15 per cent of Pirelli shares. The news came when Camfin announced on 26 September that it had underwritten “an additional financial instrument, maturing in September 2022, denominated ‘Call Spread’ with 8.9 million Pirelli shares underlying”. Call Spread’s shareholding equates to 0.89% of Pirelli’s share capital.
Prometeon and Greenroad sign partnership agreement
Prometeon Tyre Group has signed a partnership agreement with GreenRoad, a provider of fleet safety and performance solutions. According to the two companies, the agreement enables Prometeon to “enrich its PRO-Services fleet services portfolio, through the addition of PRO Drive, the new solution based on GreenRoad Know-how and expertise in the fleet management and Telematics sector.”
Report: Yokohama has signed ‘no shop contract’ with Prometeon
Rubber industry news sources have confirmed earlier reports that Yokohama Rubber is in acquisition talks with Prometeon.
Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon
Japanese tyre and rubber manufacturer Yokohama is planning to invest into and even buy Prometeon, the new name for the former Pirelli commercial and industrial tyre manufacturing operation, according to a range of sources. Tyres & Accessories first heard this news in July and then the Italian financial press subsequently suggested that Prometeon’s shareholders were considering restructuring Prometeon’s ownership. Yokohama is understood to be leading the suitors. The official Yokohama/Prometeon investment announcement is expected during the course of the next week or so.
Pirelli H:01 Proway promises better mileage, economy & safety
With the introduction of the Pirelli H:01 Proway line, Prometeon Tyre Group says it is offering tyres that provide “maximum efficiency in long-distance transportation” thanks to reduced rolling resistance and improved durability. Two tyres are available in this latest evolution of the :01 Series – the steer axle Pirelli FH:01 Proway and the drive axle TH:01 Proway.
Peter Fairlie becomes Prometeon UK managing director
Prometeon Tyre Group UK Ltd has appointed Peter Fairlie its new managing director. He will be based at the company’s head office in Burton on Trent and will be responsible for Prometeon Tyre Group’s business in the UK, Ireland and the Nordic markets.
Prometeon amends & extends senior financing
Prometeon Tyre Group has signed an agreement for the amendment, restatement and extension of its 600 million euro senior financing, underwritten in March 2017, originally with a three-year duration. The new agreement allows the extension of the final maturity to March 2021 (with the possibility to further extend it to March 2022 at Prometeon’s discretion) at conditions in line with the current market. By signing the agreement Prometeon says it has secured the financial resources for the implementation of its 2019-2021 business plan.
Prometeon promotes Versace
Alain Versace has taken on a new role within Prometeon Tyre Group. Effectively immediately, he is the tyre maker’s head of global trade marketing and services, as well as head of its global Agro & OTR business.
Anteo: Prometeon’s new brand for tier 3
Sales within the premium and tier 2 segments of Europe's commercial tyre market have remained level for years, but the tier 3 segment is growing in leaps and bounds. For Prometeon, the company behind the Pirelli commercial tyre brand, this trend represents an opportunity it doesn't wish to miss out on. It presented its new Anteo brand to potential distributors on 26 March, displaying a launch range of six lines.
Prometeon introduces Anteo truck brand
A new brand of truck tyres from the company behind the Pirelli commercial range is being launched in Milan this afternoon. At launch the new Anteo line-up will consist of six products.- Pro T, Pro D and Pro T steer, drive and trailer tyres for on-road use, as well as Mover M, Mover S and Mover D for on/off-road applications.
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.
Prometeon takes part in SmartBus zero emission project
Prometeon Tyre Group has signed a tyre supply agreement with the SmartBUS project which is being developed by the Eco – Hev company, a spin-off of the Politecnico di Milano, active in the development of innovative electro mobility systems for the spread of sustainable mobility. The project involves the installation of an innovative fast charging system using a charging station located at the end of the urban line. This energy storage system, being tested on a bus circulating in the city of La Spezia, is based on the Ultracapacitor system developed by Eco - Hev in collaboration with the Politecnico di Milano. The system eliminates the need for batteries on board the vehicle, ensuring a considerable reduction in charging times (from 8 hours to 5 minutes).