Hankook Tire has reported consolidated global sales of KRW 1.4358 trillion (£945.0 million) for the first quarter of 2020, around 12.6 per cent less than in the opening quarter of last year. Operating profit decreased 24.8 per cent year-on-year to KRW 105.9 billion (£69.7 million).
In line with the gradual relaxing of the lockdown in Italy, industrial activity at Pirelli’s Settimo Torinese facility resumes today. The tyre maker says production levels will initially be below normal levels in light of lower current demand.
With the approval of local authorities, BKT has restarted tyre production, albeit still on a partial basis, in all its plants in India. The off-highway tyre specialist has also resumed supply and delivery to both the OEM and aftermarket channels.
Nokian Tyres reports that the shutdown which began on 27 March in response to COVID-19 ended on Monday 27 April with the reopening of its factory in the USA. Some plant employees have returned to work for the start of a phased reopening process. The company’s factory in Russia resumed production on 6 April.
The phased approach that Goodyear is taking to restart its tyre production in the EMEA region continues. The company has already announced that truck tyre production is up and running again at some sites in Europe, with tyre making partially recommencing in plants in Colmar-Berg (Luxembourg), Wittlich (Germany), Kranj (Slovenia), Debica (Poland) and Izmit (Turkey) over the last two weeks. The next plants to return to production are Goodyear’s Hanau, Fulda, Fürstenwalde and Riesa plants in Germany and in Amiens, France – all five will begin working this week.
Production at Apollo Tyres’ factory in Hungary will partially recommence tomorrow, a month after the tyre maker scaled back production there and in its Enschede plant in the Netherlands in response to the COVID-19 crisis.
Following a slight easing of the lockdown regulations in India, Apollo Tyres reports it “partially resumed” tyre production yesterday at its Perambra plant in Kerala state. Apollo’s other plants in India remain closed for the time being.
Linglong Tire aims to become a top-five tyre maker by 2030. It voices this goal in a recently-published document outlining the company’s mid- and long-term strategy. Specifically, it intends to increase tyre production to 160 million pieces a year within the next decade, and by doing so grow annual sales revenues to more than RMB 80 billion (£9.1 billion).
Eight Bridgestone tyre plants in Japan will soon shut down for six production days in response to decreased demand. In addition, the company is closing three non-tyre production facilities for up to four days.
In addition to the recently-announced application of artificial intelligence and digital sensor technology to automate the inspection of newly-manufactured tyres, Hankook Tire aims to improve the production flow in its factories via a new monitoring system that utilises artificial intelligence and IoT technology. It calls this Hankook Condition Monitoring System Plus, or CMS+ for short.
Production at Goodyear’s tyre plants in Europe and several other regions was put on hold almost a month ago in response to the impact of the coronavirus outbreak. The company is now looking to resume its production activities through a “phased restart” in the second quarter of 2020, beginning with some of its truck tyre production sites in Europe and the USA before the end of this month.
Operations at Cooper Tire & Rubber Company’s production facility in El Salto, Mexico resumed yesterday. Measures to protect the health and safety of employees, including social distancing, additional cleaning and disinfecting of facilities, as well as restricted visitor access, were put in place as employees returned to work. Cooper announced the plant’s temporary closure due to coronavirus impacts on 21 March.
The entire automotive industry has been impacted by the coronavirus pandemic, and companies are taking steps to ensure their survival. Continental has provided an update on the latest measures being implemented, including reduced working hours and displays of executive solidarity. It has also buried its outlook for 2020.
Ukranian tyre maker Rosava has temporarily stopped production at both its production sites as part of efforts to curb the spread of the coronavirus. It intends to halt production until 24 April. The company says shipments of products will continue from its warehouses as orders are received.
Michelin’s tyre plant in Dundee, Scotland has produced its last tyre. Although the facility wasn’t scheduled to close until mid-year, Michelin now says it won’t resume operations after the coronavirus crisis – indeed, it considers doing so “unviable and unwise”. The decision has been taken in agreement with the Unite union, and the company will pay plant workers all wages they’re entitled to through to the planned closure date.