Pirelli Tyre S.p.A. retained its status in 2013 as the largest tyre company in Central/South America, reporting $2.89 billion in sales throughout the region, a 5.2-percent gain over 2012. Pirelli is narrowly ahead of Japan’s Bridgestone Corp., which generated an…
Category: Industry News
Wacker increases annual income projection
Wacker Chemie AG has upgraded its annual projection for EBITDA (earnings before interest, taxes, depreciation and amortization). An announcement to this effect was issued by the Munich-based chemical company today. EBITDA for 2014 is now projected to be at least…
Yokohama builds new facility in California
Yokohama Tire Corp. (YTC) plans to move its western distribution operations to a larger, newly constructed warehouse in Chino, Calif. by the end of 2014. The new facility is about 22 miles from the current warehouse in Fullerton, Calif. At…
Trelleborg reports operating earnings increase
Trelleborg Wheel Systems reported improved operating earnings for the three and six months ended June 30, but sales were down 4.9 and 1.7 percent, respectively, for the periods. For the quarter, Trelleborg Wheel reported operating income of $22.5 million, a…
Mercedes-Benz’s GLA picks Yokohama eco tyre
Daimler Benz A.G. has selected Yokohama Rubber Co. Ltd.’s C.drive2 high-performance eco tyre as an OE fitment — in standard and run-flat versions — for its 2015 GLA-Class compact SUV sold in overseas markets. The GLA-Class — a four-door, five-passenger…
Evonik setting up silica plant in Brazil; grows world silica output by 30%
Germany-based Evonik Industries plans to build a plant to produce precipitated silicas in São Paulo, Brazil. The company is investing a mid-double-digit million euro amount; the plant is scheduled to go on stream in 2016. This will be the first…
Asian tyre makers ride high on demand rebound for cars
The slump in car sales in the previous years due to global-wide economic slowdown has resulted in a gloomy market climate for a while. However, good news has pervaded the industry currently with a revitalised auto sales. This year, US…
CMA to launch “Duraturn” brand at ITEC
China Manufacturers Alliance L.L.C (CMA) will launch the “Duraturn” brand as a full tyre line — passenger, light truck, trailer and medium truck — at the upcoming International Tire Exhibition & Conference–Tire Dealers/Auto Service (ITEC) Aug. 20-22 in Orlando, Fla.…
Dunlop reveals new road race tyre
Progress on the racetrack is easy to measure: Stopwatches don’t lie. In 2013 at Road America, back-to-back testing of the existing Dunlop Sportmax D211 GP-A race tyre and the prototype GP-A Pro saw Yamaha riders Garrett Gerloff and Cameron Beaubier…
Elasto Sweden to invest in new TPE production line
Elasto Sweden, part of the Hexpol TPE group, has announced plans to invest in a new TPE production line at their facility in Åmål, Sweden. The plans include high-quality twin screw technology, advanced raw material controls, supporting sub systems and…