Online Tire Market Business Growth Statistics and Key Players Insights: Michelin, Bridgestone, BF Goodrich, Goodyear, Hankook

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Online tire sale platform
The online retailing helps in reaching out too many consumers without launching stores and this results in cost benefits which are ultimately passed on to the customers. Moreover, increasing spending on e-commerce platform by OEM’s due to high internet penetration rate will drive the online tire market during the forecast period as well.

Read the source article at openPR.com

Pirelli deploys Groove Glove technology in Middle East

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Pirelli’s Middle East tyre retail operation has adopted Groove Grove technology as a way of improving its service offer.

According to local news reports, Groove Grove was created by Tire Profiles, a partner of MAHA Maschinenbau Haldenwang GmbH & Co., the German supplier of high-end garage and vehicle inspection equipment. Using the technology, motorists can get tyre-related information, including suspension, pressure, alignment, wear and tear and replacement recommendations.

Read the source article at Tyrepress

Lanxess to sell stake in Arlanxeo to Saudi Aramco

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COLOGNE, Germany–Lanxess plans to sell its remaining 50 percent stake in Arlanxeo to its joint venture partner Saudi Aramco.

Read the source article at Rubber and Plastics News

Zafco marks entry as international exhibitor at Tire Cologne 2018

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ZAFCO, the UAE based tire manufacturer and distributor, is marking its entry as an international expert and exhibitor at Tire Cologne 2018. The tire industry event will take place between May 29th to June 1st at the trade town, Koelnmesse, Germany. With the fifth largest exhibition ground in the world and 70,000 square metres of space and modern infrastructure, Koelnmesse aspires to facilitate growth-oriented tires, wheels and car service specialists through the trade fair.

Read the source article at Traction News

E-Commerce Automotive Aftermarket to Witness a Pronounce Growth During 2017 to 2025

E-Commerce Automotive Aftermarket to Witness a Pronounce Growth During 2017 to 2025 Albany, NY — ( SBWIRE ) — 05/11/2018 — Global E-commerce Automotive Aftermarket Market: Overview The automotive industry is flourishing in the emerging economies of China and India on the back of increasing income per capita of the urban populations. Since these two countries are vastly populated, the automotive industry is expected to continue gaining new demand for a foreseeable future.

Read the source article at SBWire

Camso raising aftermarket prices globally up to 6%

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Magog, Quebec — Camso Ltd. is planning to raise aftermarket prices globally in the coming months on its range of solid and pneumatic tires, tracks and track systems by between 1% and 6%.

Camso cited rising raw materials, logistics and other operating costs as the reasons for the increases. The timing of the increases will be based on market dynamics in North America, Europe, the Middle East and Asia Pacific, Camso said.

Read the source article at European Rubber Journal

Pirelli publishes 2017 results

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Pirelli & C. S.p.A. has reported a 7.6 per cent increase in revenues, to 5.35 billion euros, for the 2017 financial year. This figure is below the growth target of approximately nine per cent set for 2017; Pirelli says this lower growth was due to a greater than anticipated forex impact and the acceleration of the reduction of exposure to its ‘standard’ segment.

Read the source article at Tyrepress

Iran awards tire-plant construction to Linglong

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Tehran – China’s Shandong Linglong Tire Co. Ltd (Linglong) has signed an agreement as the EPC and non-EPC contractor for the construction of a greenfield tire plant in Iran, according to a senior official there.

Speaking to ERJ, Massoud Mohammadi, CEO of Arya Hamoon Tire Co. said Linglong is expected to provide production technology for the project, which is being built in south eastern Iran.

Read the source article at European Rubber Journal

Sanchini Bridgestone’s sales director for MEA

Stefano Sanchini has been appointed sales director for Bridgestone in the Middle East & Africa region. He joins Bridgestone from Goodyear, and although the tyre maker only recently announced his appointment, Sanchini has been with Bridgestone since August 2017.

Read the source article at Tyrepress

Year in review: Global tire players transform footprint

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The global tire industry almost saw another big merger in 2017, but there was plenty of other activity keeping firms busy in the year. From new investments to new structures, here are four of the biggest events within the tire sector.

Doublestar tries to buy Kumho

It looked for a moment another big-time tire merger was about to happen.

Doublestar Tire Co. Ltd. had agreed to acquire Kumho Tire Co. Inc. for about $830 million in March, but in September Kumho creditors rejected the deal after Doublestar allegedly asked for the price to be reduced by 16 percent amid disputes over trademark rights.

The deal is on thin ice as both sides were…

Read the source article at Rubber and Plastics News