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UK News
Formula One installs induction heat across 132 sites nationwide
10th May 2024Formula One Autocentres has invested in induction heating across their network to remove flame from their workshops. Formula One has reportedly seen the benefits of induction heating and made a significant investment by installing GYS Powerduction 39LG units in all 132 sites nationwide.
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Delphi Academy announces major expansion plan
14th May 2024To meet the evolving requirements of workshops in the UK, Delphi is investing half a million pounds in a “significant expansion” of the Delphi Academy. The Warwick-based centre will double in size, bringing total floorspace to 1,430 square metres.
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Retreading News
- 2024 marks 50 years of Bulldog and 20 years of Bridgestone partnership
- Brenno Benaglia, a pillar of the retreading business, has passed away
- Kraiburg Austria preparing for future retreading with “targeted measures”
- R&D, TIP and Alphatread amongst Hankook’s sustainability and retreading achievements
- The importance of the UK tyre retreading sector to sustainability
‘Strong double-digit’ – Premium tyres & SuperTruck driving Prometon market share
A new name appeared on our radar when Pirelli divested its industrial business in 2017. Prometeon Tyre Group took on the remit of producing commercial tyres under the Pirelli brand name, an offer centred upon the existing :01 truck and bus tyre range. Prometeon played an active role in developing a successor, the Series 02. This range debuted in 2022, and by that time the company was gaining market share both in the UK and elsewhere, aided by a multi-brand product portfolio. The Prometeon name c
Continue ReadingGoodyear reports net loss of $57 million in Q1 2024 figures
While Goodyear reported a net loss of $57 million in the first quarter of 2024, other metrics suggest that the company’s financial situation is offering signs of improvement. A strong showing from the Asia Pacific region and the welcome “stabilisation” of truck tyre demand in EMEA were both notable examples of improvement alongside the impact of Goodyear’s well-documented Goodyear Forward transformation plan.
Continue ReadingConti acquisition of Goodyear OTR ‘a complementary fit’ and analysts’ preferred ‘area for capital allocation’
Valuing Goodyear’s for-sale OTR tyre business at between $800 million and $1 billion, financial analysts have evaluated a hypothetical acquisition of the unit by Continental AG as “a complementary fit”. Writing in an investor’s note dated 23 April 2024, the Jefferies report endorsed the business case behind the scenario:
Continue ReadingTire Cologne 2024: From cutting-edge new tyres to technology and sustainability
Ticket sales for the Tire Cologne got underway about a month ago at the end of March. Around the same time, Koelnmesse, the organisers of arguably the European tyre business’s largest exhibition published its exhibitor list. Now Koelnmesse is previewing what visitors to The Tire Cologne will be able to experience when the show runs between 4 and 6 June 2024.
Continue ReadingSustainably affordable – Conti Eco 5
During the official launch of its fifth-generation Conti Eco truck tyre range, the team at Continental frequently touched on the subject of sustainability, addressing this as both as a desirable target for fleets and as a factor driving massive legislative change in Europe. Cost pressures were also high on the agenda. To accommodate the demands posed by both factors, Continental states its aim of finding the right balance, meeting cost targets in the most sustainable way.
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