Transforming the global rubber and tire supply chain to create lasting, environmentally sound sustainable rubber production requires a collaborative approach. Through an industry-first commitment to sourcing sustainable natural rubber in its tires, General Motors is helping drive the industry toward net-zero deforestation and uphold human and labor rights.
Continental is investing approximately $12 million in its ContiTech PVC hose business in North America and is expanding its manufacturing capabilities and production capacities into a new state-of-the-art competence center at its upgraded plant in Mount Pleasant, Iowa, to modernize the industry hose production.
HANOVER, Germany—Continental A.G. has raised its sales projections slightly for fiscal 2017 following a strong performance in the quarter ended March 31.
Operating earnings increased 9.1 percent to more than $1.2 billion. Net income rose 2.1 percent to nearly $800 million.
Sales grew 9.5 percent to $11.7 billion, largely due to the contributions made by the company’s automotive divisions. Sales in the Rubber Group, which comprises Conti’s tire and ContiTech industrial rubber business divisions, climbed 10.6 percent to $4.57 billion.
As a result, Conti raised its sales projection for 2017 by 1.1 percent to more than $46 billion, while reaffirming the company expects to “comfortably achieve” an adjusted pre-tax operating margin of 10.5 percent.
BERLIN/FRANKFURT (Reuters) – Car components maker Continental AG is set to invest an extra 300 million euros ($326 million) in electric drives by 2021 but also remains committed to its combustion-based powertrain business, the company said on Tuesday.
The world’s second biggest supplier to vehicle manufacturers by sales, Continental is also strengthening its expertise in automotive electronics as customers such as Volkswagen (VOWG_p.DE), Daimler and Ford raise their investments in electric and self-driving technologies.
By raising spending on development of new products such as charging systems and battery management components, Continental may generate an additional 2 billion euros in sales by 2025, Chief Executive Elmar Degenhart said.
BLUEFIELD, W.Va. — King Tire Service Inc. has renewed its commitment to the ContiLifeCycle retreading system and converted its second plant, in Bristol, Va., to the Conti system, according to Continental Tire the Americas L.L.C.
King Tire was the first ContiLifeCycle partner in the U.S., agreeing in 2011 to convert its retread plant in Bluefield to the Conti system.
The location in Bristol is a former Blevins Tire & Recapping shop that King Tire took over in 2014 and continued to operate until now as a Marangoni-system operation, according to Ed King, vice president of King Tire Service and manager of recapping and warehousing.
The company decided last year to upgrade the Bristol facility with new equipment and convert it to the ContiLifeCycle system, Mr. King said, without disclosing the firm’s investment in the renovation.
Las Vegas, Nevada – Continental AG’s Commercial Specialty Tires (CST) business has added a line of solid tires to its growing portfolio of OTR tires.
Continental CST unveiled the solid “Telemaster” line, along with its growing range of ContiEarth earthmoving and mining tires, at the recent CONEXPO/CON-AGG trade show in Las Vegas.
Florida-based Conlan Tire LLC has joined Continental Tire the Americas ContiLifeCycle dealership network.
“The partnership with Conlan Tire LLC is important to Continental in an effort to reduce overall driving costs to our fleet customers, it is what drives mutual success of both dealers and fleets,” said Paul Williams, Continental’s executive vice president for commercial vehicle tires. “We could not have chosen a better partner in Florida and look forward to continuing to grow our ability to service fleets with our ContiLifeCycle approach.”
As a ContiLifeCycle dealer, Conlan Tire will now offer ContiTread retreaded truck tires. ContiLifeCycle offers a cradle-to-grave solution that begins with a new Continental tire and continues with the ContiTread retreading solution.
This report studies sales (consumption) of Racing Tires in Europe market, especially in Germany, France, UK, Russia, Italy, Spain and Benelux, focuses on top players in these countries, with sales, price, revenue and market share for each player in these Countries, covering Michelin, Goodyear, Bridgestone, Continental, Hankook, Pirelli, and Cooper.
Hanover, Germany – Continental’s passenger and light truck (PLT) tires development unit has appointed Marco Gellings as the head of winter tire development worldwide effective as of 1 Jan, the German company announced 8 March.
Gellings was previsouly head of summer tire line development for the Middle East, Europe and Africa region. He is a mechanical engineer and has been working with Continental in R&D…
Tire Technology Expo – the premier showcase for the global tire design, development and manufacturing industry – continues its spectacular growth of recent years. The 2017 event, held for the second time at the Deutsche Messe in Hannover in February, was the 17th since the show’s foundation and the biggest yet, with 280 exhibiting companies, more than 600 conference and course attendees, and a three-day visitor and delegate total that nudged the 5,000 level for the second year running.
“Remarkably, within 15 minutes of opening the doors on the first morning, it was obvious that Tire Technology Expo 2017 was going to be even better than our best-ever show in 2016,” said Tony Robinson, CEO of UKIP Media & Events and founder of Tire Technology Expo. “I’ve been delighted with the number of visitors from all over the world. The exhibitors were happy, but equally importantly, the visitors were very happy because the show was full of the latest technologies and materials that people are looking for.”
Visitor Jukka Koskinen, development manager at Nokian Heavy Tyres, said, “Every year I make time in my calendar to attend the show. I visited many companies that I was interested in and I made strong contacts – all the manufacturers were there and it’s easy to find out answers to any questions that we may have.”