Trelleborg Group has reported “satisfactory” second quarter 2020 financial results “under the circumstances”, the company stated in its second quarter results. Specifically, Trelleborg Group organic sales declined 19 per cent, albeit with an improvement in the latter part of the quarter. As a result, net sales for the second quarter declined 18 per cent to 7,689 million Swedish krone. Pre-tax profits (EBIT) declined 29 per cent, corresponding to an operating margin of 12.3 per cent. At the same time, operating cash flow was strengthened “significantly”, according to the company.
The value of the United Kingdom (UK) automotive aftermarket grew by 4.9 per cent during the course of 2018. According to MarketLine, which produces its data in US-dollars across all markets worldwide, this means the UK automotive aftermarket was and is worth $28.5 billion (£22.53 billion) a year. However, the same research suggests that the value of the UK automotive aftermarket sector is increasing and in 2023 is forecast to be worth $34.4 billion (£27.2 billion), up 20.7 per cent compared with 2018.
A study based on collaboration between Swiss technical university Ecole polytechnique fédérale de Lausanne (EPFL) and Cornell University has examined the fine particles produced by adhesive wear, using computer simulations to identify how these particles form. Researchers hope that their work – which they call a “breakthrough” – may lead to cost savings and environmental benefits.
Shangdong Hengyu Technology has become the latest tyre manufacturer to announce that it is making tyres based on the Nobel Prize-winning material graphene. Other firms using graphene in tyres include bicycle tyremaker Vitorria and fast-growing Chinese manufacturer Sentury Tire.
According to the company supplying Hengyu with Graphene (The Sixth Element Materials Technology), Shangdong Hengyu has developed “tyre formulations” that the companies say demonstrates the positive impact of graphene on the performance of tyres.
In what is probably the most unorthodox tyre retail marketing campaign Tyres & Accessories has ever reported on, Tyre Warehouse in Timperley, Greater Manchester is offering a bag of carrots with every purchase. It is not clear if the deal is connected to a wider healthy eating narrative or whether it is particularly aimed at people called Peter or Bugs, but the banner makes it clear: “Free bag of carrots with every tyre” in a font bigger than the word tyre of the address of the depot.
Numerous tyre makers have or are in the process of setting up factories within regions where they aim to sell their products. Decentralising their manufacturing footprint reduces the time and cost involved in delivering tyres to retailers and end users. A new breakthrough from a British company promises to advance this approach a step further.
On 1 October 2015 Nexen Tire broke ground on the site of its new plant in Zatec, Czech Republic. The company has committed to investing more than 829 million euros in building the new plant on 650,000 square metres of land in Zatec.
The 22nd Annual European Tyre Recycling Conference, which takes place at the NH Brussels du Grand Sablon, Brussels, between 25 and 27 March 2015, is billed as an event that offers the recycling sector an opportunity to come together to discuss the latest challenges and opportunities facing the industry.
Aeolus Tyre reports it will exhibit at next month’s motortech Automechanika show in Madrid, Spain. Its key focus will be the ACE2 range, however the tyre maker says it will also promote its full passenger car tyre range there as well as provide extensive information on its 2015 marketing programme.
The Institute of Advanced Motorists (IAM) has lifted the lid on the worst examples of excessive speeding caught on safety cameras across England and Wales in 2014. Britain’s two worst speeders were caught at 146mph, both by Kent Police on the M25. One was travelling anti-clockwise at Junction 5 at Clacket Lane Services, the other going clockwise at Swanley.
Cinturato All-Season designed for markets like the UK Pirelli has launched a new all-season tyre aimed at increasing premium seasonal tyre sales amongst daily drivers living in markets with temperate European climates and especially in urban areas. The Cinturato All-Season not only marks the first time that Pirelli has really pushed an all-season tyre under […]
The new Tire Group International website has gone live, and the wholesaler says that along with a number of navigational and aesthetic changes, the www.tiregroup.com site now offers the convenience of up to the minute container tracking and ‘intuitive’ order placement.
Commercial production has started at Yokohama Rubber’s tyre plant in India’s Haryana state. The facility, Yokohama’s first in the country, was officially inaugurated in February 2014 and undertook trial production throughout the first half of the year. Plant capacity during this initial phase of commercial production is 2,000 tyres a day. Plant output will focus on the Earth-1 tyre range, which has been specifically designed for the Indian market.
This month, Sumitomo Rubber Industries (SRI) has launched a new flagship product for its Enasave series of fuel efficient tyres, albeit only in the Japanese market. The Dunlop-brand Enasave Next has been introduced in size 195/65R15 91H and has achieved the coveted ‘AAA-a’ rank under the Japanese tyre label, the highest rating possible for rolling resistance and wet grip. SRI says the new tyre has 50 per cent lower rolling resistance than the standard Japanese replacement market Dunlop tyre in 2008, the year it set out to achieve this goal.
The time since Reifen 2014 can still be measured in weeks, but even now, Messe Essen reports that it has already firmly rented out around 60 per cent of the area in 2014 for Reifen 2016 on 24–27 May, 2016. The more than 150 exhibitors which have already registered include the following manufacturers (amongst others): Alligator, Giti Tire, Kraiburg, Kumho Tyre, Infinity Tyres, Marangoni, VMI and Yokohama. Moreover, the trading companies Bohnenkamp and Reiff have confirmed their participation in the world’s leading trade fair for the tyre sector.