NASHVILLE, Tenn., Nov. 16, 2020 /PRNewswire/ — Global leading tire company Hankook Tire announced that the company has been listed in the Dow Jones Sustainability Indices (DJSI) World for the fifth consecutive year. The DJSI tracks the stock performance of the world’s leading companies…
Seregno (Italy), October 20, 2020 – BKT’s wide range of specialist Off-Highway tires welcomes a new, truly Giant product. It is the EARTHMAX SR 468 and it has been designed to fit out rigid dump trucks. So far the prototype has been made in the 40.00 R 57 size and is ready to be tested in coming months by BKT engineers.
The Tire Industry Association‘s Roy Littlefield III, CEO, and Roy Littlefield IV, director of government affairs, updated TIA members on key legislative issues that the organization is following for its members during Monday’s Tire Industry Honors Ceremony.
Oct 29 (Reuters) – Industrial materials maker DuPont on Thursday forecast full-year profit above Wall Street expectations as it kept a tight check on costs and benefited from a recovery in the automotive industry, one of it biggest markets. The company, which makes everything from brake fluid to fabric used in protective garments, has been cutting costs to battle weak demand in several industries due to the COVID-19 pandemic.
Outlook for 2020: in a still highly uncertain environment, and taking into account the recent change in tire demand, Passenger car and Light truck tire markets are expected to decline by 13% to 15% over the year, Truck tire markets by between 12% and 14% and the Specialty markets by 15% to 19%. With these new forecasts and the cost reductions linked to the circumstances, the Group is revising its guidance for 2020 upwards, with segment operating income in excess of €1.6 billion at constant exchange rates and structural free cash flow* in excess of €1.2 billion, barring any new systemic effect** from Covid-19.
“During the third quarter, sales declined 12 percent, of which organic sales declined 7 percent. Exchange rate effects had a negative impact on sales of 5 percentage points. EBIT, excluding items affecting comparability, declined 4 percent, corresponding to an operating margin of 12.9 percent (11.7). The operating margin for our core businesses amounted to 13.7 (13.3). Operating cash flow, in relation to operating profit, was strengthened significantly. …
We see today that new local restrictions are being imposed as the spread of the infection continues. We foresee a tougher climate during the fourth quarter of the year, not least in the oil & gas segment, and a recovery in the aerospace segment will not occur until further into the future. We continue to adapt to the constantly changing conditions and we are doing this well. However, our general assessment in the current situation is that demand for the fourth quarter will be on a par with the third quarter”, says Peter Nilsson, President and CEO.
Hanover, Germany, September 2020. Continental is a founding partner and, as of 2021, the premium sponsor of the Extreme E series. The technology company will equip all vehicles in the races with tires for the various events, which will all prove very challenging. In this interview, Alejandro Agag, CEO of Extreme E and Formula E, talks about the special fascination of the new format. He talks about the beginnings and the social aspirations of the innovative E-SUV series, but also about the partnership with Continental and the extraordinary importance of tires.
GENEVA (Reuters) – The value of global trade is set to fall by 7% to 9% in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter, a United Nations report said on Wednesday. No region was spared by an estimated 19% year-on-year plunge in world trade in the second quarter, as the COVID-19 pandemic disrupted economies, the U.N. Conference on Trade and Development (UNCTAD) said. Global trade recovered somewhat in the third quarter, when it was estimated at about 4.5% less than in the same period a year ago, the agency said in its latest update.
One year after Nokian Tyres opened its North American tire production facility in Dayton, Tennessee, the company says it is celebrating a pair of milestones.
The factory’s production building has earned LEED v4 Silver certification, and the company is opening what it calls an “eco-friendly, life-driven administration building” on the 135-acre campus.
Nokian says the facility earned LEED v4 Silver certification thanks to a range of sustainable elements, including: