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Mitas Debuts Most Advanced Tyre to Date with Speedway Release

Mitas Debuts ‘Most Advanced Tyre to Date’ with Speedway Release

All, General Industry News, NewsMarch 8, 2024378Views0Likes0Comments
Mitas is gearing up for the release of its highly anticipated SPEEDWAY tyre, poised to hit the tracks in March 2024. Developed in collaboration with elite racers across Europe, Australia, and the USA, the tyre complies with the rigorous regulations set by the International Motorcycling Federation (FIM). Gustavo Pinto Teixeira, Head of Mitas Motorcycle Tyres,…

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bridgestone to exit truck bus tyre market in china 1

Bridgestone to Exit Truck & Bus Tyre Market in China

All, General Industry News, NewsFebruary 29, 2024664Views0Likes0Comments
In a strategic move announced on Tuesday, Bridgestone is making a significant departure from the competitive Chinese commercial vehicle tyre market. Bridgestone (China) Investment, a subsidiary, is set to cease truck and bus tyre sales in the first half of this year, with Bridgestone (Shenyang) having already halted production in January. This decision is part…

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Understanding Load Ratings and Ply Construction in Tyres

All, Blog, Safety, Maintenance & SustainabilityFebruary 27, 2024851Views0Likes0Comments
One of the key factors of ensuring safety and optimal performance is to consider when selecting tyres is their load ratings and ply construction. These specifications determine how much weight a tyre can safely carry and its overall durability. Understanding load ratings and ply construction is essential for making informed decisions about tyre selection. Understanding…

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Overinflated Tyres and Fuel Efficiency

Myth or Reality? The Truth About Overinflated Tyres and Fuel Efficiency

All, Blog, Safety, Maintenance & SustainabilityFebruary 27, 2024805Views0Likes0Comments
Fuel prices are a constant concern for all drivers. Every trick and tip promising improved fuel efficiency seems worth exploring, leading many to the question: can overinflated tyres truly save you money at the pump? The answer, unfortunately, isn't straightforward. Let's delve into the myth and reality behind this commonly held belief. The Myth: The…

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German Factory Closures – Michelin Points to High Costs, Bureaucratic Hurdles

All, General Industry News, NewsFebruary 19, 2024423Views0Likes0Comments
Germany’s days as an industrial superpower are coming to an end, opined Bloomberg on 10 February. The media firm blames competition from the USA, the energy crisis and declining Chinese interest in German products for this development, but there are further factors to consider. Michelin, which plans to close several plants within the country, suggests…

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Bridgestone Announces Closure of Shenyang TBR Tyre Plant in China

Bridgestone Announces Closure of Shenyang TBR Tyre Plant in China

All, General Industry News, NewsFebruary 12, 2024535Views0Likes0Comments
As rubber prices are poised to continue their upward trajectory, tire companies are dealing with increased production costs. Coupled with recent environmental policies leading to production suspensions and reductions, the industry faces a complicated landscape. Dealers and tire shop owners are advised to closely monitor market trends, make informed decisions, and stay attuned to possible…

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EU Antitrust Regulators Raid Pirelli Continental Michelin and Nokian in Cartel Investigation Prompting Share Declines

EU Antitrust Regulators Raid Pirelli, Continental, Michelin, and Nokian in Cartel Investigation, Prompting Share Declines

All, Market & Trade Trends, NewsFebruary 1, 2024946Views0Likes0Comments
In a major move, EU antitrust regulators conducted surprise raids on tyre industry leaders Pirelli, Continental, Michelin, and Nokian, triggering a notable decline in their shares. The European Commission, responsible for imposing competition rules in the EU, revealed the investigation without disclosing specifics in line with its usual protocol. Pirelli, maintaining its innocence, assured full…

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Jiangsu General Technology Expands Global Presence with Ambitious New Projects

Jiangsu General Technology Expands Global Presence with Ambitious New Projects

All, General Industry News, NewsJanuary 25, 20241KViews2Likes0Comments
In a recent investor exchange event, "Enter the Listed Companies," held on January 8, key figures from Jiangsu General Technology Co., Ltd., including GM Chairman Gu Cui, Deputy General Manager Gu Yahong, and others, showed the company's strategic initiatives and project updates. The second phase of the Thailand project, initiated on September 27, 2023, is…

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Global Increase in Demand for Chinese PCR Tyres

Global Increase in Demand for Chinese PCR Tyres

All, Blog, Market & Trade TrendsJanuary 25, 2024778Views0Likes0Comments
Over the past few years, there's been a noticeable change in the landscape of the automotive industry, specifically when it comes to international trade dynamics. A notable trend has occurred with the remarkable increase in the popularity of Chinese tyres. Amidst the era of interconnected economies and continually changing consumer preferences, Passenger Car Radial (PCR)…

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Red Sea Crisis Deepens

Red Sea Crisis Deepens: Global Trade Struggles Amid Increasing Regional Tensions

All, Market & Trade Trends, NewsJanuary 18, 2024823Views0Likes0Comments
In a concerning escalation, constant attacks by Houthi militants in the Red Sea are initiating unprecedented disruptions to global trade, rivaling the challenges faced during the pandemic. Industry experts, including Maersk's CEO, Vincent Clerc, and Amin Nasser, CEO of Aramco, have expressed fears of a prolonged effect on global shipping. The crisis has forced major…

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Tyre Tire Industry Dynamics Recent Price Adjustments and Market Insights

Tyre (Tire) Industry Dynamics: Recent Price Adjustments and Market Insights

All, Market & Trade Trends, NewsJanuary 16, 2024463Views0Likes0Comments
Continental Tire's Strategic Adjustment in Response to Increasing Costs In a proactive move, Continental Tire of Germany has made a notice on January 5, 2024, announcing an upcoming tire price adjustment. Quoting the persistent high costs of raw materials, logistics, freight, and energy, the company predicts challenges in short-term improvements. The product purchase rates are…

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