March 11,2025
On March 5, the Tire Technology Expo 2025 opened grandly in Hanover, Germany. The Tire Technology International Awards for Innovation and Excellence 2025 was also presented during the exhibition. This award is recognized as the highest honor in the industry and aims to recognize the best tire innovations and new technologies in the world.
March 07,2025
On March 4, Continental announced its performance data for fiscal year 2024. In the past fiscal year, Continental achieved consolidated sales of €39.7 billion (2023: €41.4 billion, -4.1 percent). Its adjusted operating result was €2.7 billion (2023: €2.5 billion, +6.6 percent), corresponding to an improved adjusted EBIT margin of 6.8 percent (2023: 6.1 percent).
March 04,2025
On February 28, Gubersail Tire (Jiangsu) Co., Ltd. held a ceremony to mark the first tire rolling off the production line and officially start production in Huai'an, Jiangsu. Shi Yifeng, Deputy Secretary-General of China Rubber Industry Association and Secretary-General of Tire Branch, attended the event and delivered a speech. Leaders of Huai'an City and Huai'an County also attended the event.
February 28,2025
Recently, Jiangsu Topower Tyre Co., Ltd. announced that it plans to invest US$10 million to establish two wholly-owned subsidiaries in Cambodia's Kampong Speu to promote the construction of high-performance solid tire projects and supporting industrial real estate.
February 25,2025
Recently, Bridgestone announced its 2024 performance. Following sales and profits falling short of target expectations, the company has accelerated its group restructuring plans.
February 21,2025
Bridgestone Americas Inc. is shuttering its 53-year-old LaVergne, Tenn., truck and bus tire plant. The LaVergne plant has a rated capacity of around 2 million tires per year, and the tire maker intends to transfer this capacity to other Bridgestone facilities.
February 18,2025
Recently, Sumitomo Rubber Industries (SRI) released its 2024 performance report, with sales of its tire business increasing by 4% year-on-year to 1,046 billion yen, and operating profit increasing by 20% year-on-year to 76 billion yen.
February 14,2025
Recently, Nexen Tire reported that its operating revenue in 2024 reached a record high of US$2.1 billion, an increase of 5.4% over the previous year, driven by a gradual increase in average selling prices and solid growth in the European and Korean markets.
February 11,2025
On February 6, Kumho Tire announced its 2024 performance forecast, with full-year revenue of KRW 4538.1 billion, a year-on-year increase of 12%; profit of KRW 433.9 billion, a year-on-year increase of 91%, a six-fold increase in profit compared to 2020. Industry insiders believe that in 2024, Kumho Tire's performance continued to grow rapidly, mainly due to breakthrough progress in market expansion, product innovation, and capacity layout.
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