Yokohama Rubber Reports Gains in Sales and Earnings in First Three Quarters of 2017

Company achieves increase of 39.7% in operating income while posting highest-ever net sales for first three quarters

Tokyo – The Yokohama Rubber Co., Ltd., announced today its business and financial results for the first three quarters of 2017 (January to September). Profit attributable to owners of parent increased 96.4% over the same period of the previous year, to 16.7 billion yen, on a 39.7% increase in operating income, to 26.4 billion yen, and a 13.8% increase in net sales, to 466.8 billion yen. The figure for net sales was Yokohama’s highest ever for the first three quarters. 

The strong fiscal performance reflected robust results in Yokohama’s Tires segment. Operating income in that segment rose 14.8%, to 19.0 billion yen, on a 7.3% increase in sales, to 333.1 billion yen. Yokohama achieved the gain in operating profitability despite the adverse effect of upward movement in prices for raw materials. 

In the original equipment market for tires, Yokohama’s sales increased solidly overseas, led by

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Pirelli adopts sustainable NR supply policy

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MILAN — Pirelli & C. S.p.A. has adopted a 12-step sustainable natural rubber supply-chain policy that it considers essential to preserve forests and biodiversity and to allow long-lasting development for local communities and economies.

Read the source article at Tire Business

TTI Awards open for nominations!

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Nominations have opened for the 2018 Tire Technology International Awards for Innovation and Excellence – the world’s biggest celebration of endeavor in the field of tire development and manufacturing. Nominations are open in the following five categories until December 1, 2017:

Environmental Achievement of the Year

In recognition of environmental advances in the tire industry

Tire Technology of the Year

In recognition of important advances in technology

Tire Industry Supplier of the Year

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Toyo Tire Taps Chaney as Head of Marketing

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Toyo Tire U.S.A. Corp. (Toyo Tires) welcomes Tim Chaney to the company as vice president of marketing. With deep roots in vehicle manufacturing, Chaney brings more than 30 years of marketing and automotive experience to Toyo Tires, including 15 years at Kia Motors America where he most recently served as vice president of marketing communications. There he played a key role in marketing, advertising and communications strategy.

Read the source article at Tire Review

Hankook Welcomes New Director of Sales and Marketing Director in Canada

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Hankook Tire has announced John Overing will be the company’s new director of sales and marketing in Canada. Overing will oversee the region’s sales team and will be instrumental in identifying opportunities for growth within the Canadian market.

Overing joins the company with more than 18 years of experience in the tire industry, bringing with him a wealth of knowledge and industry expertise.

Read the source article at Tire Review

Falken Tire picked as OE supplier for new Volkswagen Polo

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Falken Tires has announced that it was selected as an original equipment manufacturer (OEM) for the sixth-generation Volkswagen Polo. Available October 2017, the brand will supply its premium tire models AZENIS FK453, SINCERA 832AECORUN, ZIEX ZE914A ECORUN and winter tire EUROWINTER HS449 for factory fitting.

Read the source article at Traction News

Toyo Tires unveils 20-inch Proxes Rr Dot competition tire

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Toyo Tires is rolling out six new sizes of its Proxes RR DOT competition tire including the first 20-inch sizes in the two-groove DOT competition tire segment.

The Toyo Proxes RR is designed for dry tracks. With consistent lap times and predictable handling, it is ideal for NASA and SCCA road racing, track days and high-performance driving schools.

Read the source article at Traction News

Discount Tire Offers Drivers Tire Safety Tips For Winter

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PITTSBURGH, Nov. 15, 2017 /PRNewswire/ — Did you know that at 45 degrees you can begin to see your breath? And that very same temperature is when the all-season tires on your car can start to lose traction and grip? As temperatures begin to drop in Pennsylvania, the neighborhood…

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Toyo Tires, National Auto Sport Association launches GT Challenge

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Toyo Tires and the National Auto Sport Association (NASA) announced the creation of the Toyo Tires GT Challenge. This new class features equally prepared Porsche Cayman GT4 Clubsport and GT4 Clubsport MR race cars competing on 18-inch Toyo Proxes RR DOT competition tires. The inaugural race will take place during the 2017 NASA 25 Hours of Thunderhill presented by Hawk Performance.

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Michelin acquires tire pressure control companies

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Clermont-Ferrand, France – Groupe Michelin has acquired two European tire pressure control systems suppliers as part of its bid to become a “total solutions provider” in the agriculture segment and improve its central tire inflation systems (CTIS).

The French tire maker announced 13 Nov that it had acquired German PTG Tire Inflation Systems and France-based Téléflow SAS, both specialised in tire pressure control systems which allow users to monitor and adapt tire pressures according to the terrain and conditions of use.

The move, explained the…

Read the source article at European Rubber Journal