Pirelli Expands Its Range Of All Season Tyres

Pirelli’s All Season range, which can be used throughout the year, has expanded as a direct response to increased demand from motorists. All Season tyres are intended for people not looking for extreme performance or covering big distances every year. Instead, they are ideal for drivers whose main priority is safety both in winter and […]

Read the source article at Global Rubber Markets News

Pirelli welcome further downforce restrictions

Pirelli motorsport boss Mario Isola welcomes the FIA’s move to reduce downforce levels on the F1 cars further for 2021. A combination of the teams rejecting the proposed 2020 Pirelli compounds and delaying of the new rules until 2022 means that in 2021, Pirelli will have to supply the same tyres for the third season in a row.

Read the source article at MSN.com

Italy’s Pirelli makes deeper cut to margin forecast after testing quarter – Reuters

MILAN (Reuters) – Italian tyre-maker Pirelli (PIRC.MI) on Wednesday cut its full-year margin forecast for a second time and scaled back its cash flow guidance after the COVID-19 pandemic delivered a quarter it said had tested it “more than ever”. The manufacturer of tyres for Formula One and high-end carmakers such as BMW (BMWG.DE) and Audi said the margin on its adjusted earnings before interest and tax (EBIT) would be around 12%-13% this year.

Read the source article at uk.reuters.com

Brembo raises stake in Pirelli to nearly 5%

MILAN — Italian brake maker Brembo said it would not buy additional shares in tiremaker Pirelli after increasing its stake to almost 5 percent. Brembo, which makes brakes for automakers including Ferrari and Tesla as well as several Formula One teams, said it now held a 4.99 percent stake in Pirelli, both directly and indirectly through its Nuova FourB parent company, and that it had completed the purchase process.

Read the source article at Automotive News Europe

Pirelli: Board Nominates Angelos Papadimitriou General Manager Co-CEO

Milan, 23 July 2020 – In line with that which was announced to the market on July 15, 2020, the Board of Directors of Pirelli, which met today, has constituted at the proposal of the Executive Vice Chairman and CEO, Marco Tronchetti Provera, and reporting directly to him, the Office of General Manager co-CEO, entrusted to Angelos Papadimitriou. It will be effective from August 1, 2020.

Read the source article at Newsroom Pirelli

Pirelli CEO proposes co-CEO as part of succession plan – Reuters

MILANO, July 15 (Reuters) – Pirelli CEO Marco Tronchetti Provera will propose Angelos Papadimitrou, the current head of packaging machines maker Coesia, as general manager and co-CEO under succession plans due to be completed by 2023, the group said on Wednesday. Papadimitrou, who will report to Tronchetti Provera, has previously worked for pharmaceuticals group GlaxoSmithKline and as head of the board of foreign investors at industry lobby group Confindustria.

Read the source article at reuters.com

Pirelli Begins World Rally Championship Testing Programme In Sardinia

Pirelli will embark on its 2021 World Rally Championship campaign with two days of private tyre testing today and tomorrow in Sardinia: the first day devoted to gravel and the second day on asphalt. At the wheel of Pirelli’s uniquely-liveried Citroen C3 WRC test car will be Norway’s Andreas Mikkelsen, co-driven by his compatriot Anders […]

Read the source article at Global Rubber Markets News

Michelin Remains the World’s Most Valuable and Strongest Tire Brand

Michelin remains the world’s most valuable and strongest tire brand with a brand value of US$7.1 billion and a BSI score of 86.2 out of 100. Michelin is by far the strongest brand in the tire segment with an advantage of 9 BSI points over the second strongest brand in the industry, Bridgestone (up 1% to US$7.0 billion). Michelin is the thought leader in the industry, its product diversification into punctureless tires with its Uptis prototype and association with premium events and excellent performance, have helped the brand maintain its strength and status

Read the source article at brandirectory.com

Pirelli F1 Tyre Compound Choices

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Following the recent publication of the first part of this year’s Formula 1 calendar, Pirelli has announced the compounds for the initial eight races of the 2020 Formula 1 season.

Read the source article at Global Rubber Markets News

TRAC Announces 100th Annual General Meeting’s Outcomes

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Cambridge, Ontario; June 11, 2020—Tire and Rubber Association of Canada announces the outcomes of its virtual 100th Annual General Meeting held on June 9, 2020.

 

AGM Outcomes:

1)     The members duly elected the Board of Directors and Officers:

 

Tony Mougios       Chair (Michelin North America (Canada) Inc.)

Maureen Kline       1st Vice-Chair (Pirelli Tire Inc.)

Paul Downey         2nd Vice-Chair (Pliteq Inc.)

Matt Livigni           Treasurer (Continental Tire Canada Inc.)

       

Neil Bansal             Western Rubber Group

Chris Bitsakakis     AirBoss of America Corp.

Paul Christou        Goodyear Canada Inc.

Keshav Das            BKT Tires (Canada) Inc.

Darious Naylor     Bridgestone Canada Inc.

Robert Rist             Cabot Canada Ltd.

 

2)     The Board moved to establish a new End-of-Life Tire Standing Committee. Led by Dr. Barry Takallou of CRM of Canada Processing, the Committee will manage all issues related to tire and rubber recycling.

 

3)     Following Glenn Maidment’s announced retirement at the end of 2020, the Board moved to set up a Search Committee which will manage the screening and interviewing of potential candidates for a new President.

 

About TRAC:

The Tire and Rubber Association of Canada (TRAC; www.tracanada.ca) is the national trade association representing the interests of tire and other rubber manufacturers and importers of rubber goods into Canada, together with rubber recyclers and suppliers whose goods or services directly relate to our industry. The Association was established in 1920 under the name The Rubber Association of Canada, only recently changing its name to the Tire and Rubber Association of Canada to more accurately reflect the Association’s role within the industry and what it does for its membership.

Contact: info@tracanada.ca