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Author: Pramod Thomas

Michelin posts impressive numbers in Q3 2017

Michelin’s Q3 2017 sales rose 3 per cent, helped by price increases and buoyant sales of premium tyres. For the nine months of 2017, total sales were €16.4 billion, up 6 per cent, led by volume gains and efficient pricing management. Group revenue advanced to 5.335 billion euros ($6.32 billion) from 5.179 billion a year earlier. In the first nine months of 2017, the global original equipment and replacement Passenger car and Light truck tire market grew by 3 per cent in number of tyres sold. Michelin reiterated full-year guidance including a pledge to increase recurring operating income before currency effects – but cautioned that their impact was worsening. “Michelin is cutting costs as it responds to increasing competitive pressure from low-cost rivals. The company is pursuing 1.2 billion euros in savings by 2020. Sales to truck and car manufacturers grew faster than replacement tyre revenue across all markets with the exception of North America, where car production is in decline,” a statement from the company...

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Nokian Tyres’ Hakkapeliitta 9 wins award

Science and technology magazine Popular Science has selected Nokian Tyres’ Hakkapeliitta 9 for its 2017 Best of What’s New Award. The award honours 100 winners across 11 categories. Recipients of this award must have a product or technology representing a significant step forward in its category. Winners will be featured in the November/December special issue. “This tyre is the result of years of product development, testing and hard work by over one hundred professionals. Our mission is to promote safe driving in demanding conditions and we are honoured that the Nokian Hakkapeliitta 9 has received the Popular Science Best...

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Hankook opens first US plant in Tennessee

Hankook Tire has opened its first US manufacturing facility in Tennessee to enhance its global production portfolio. The tyre maker has conducted a grand opening ceremony of the plant. The Tennessee plant will further strengthen Hankook Tire’s global production portfolio. The company now operates a network of manufacturing bases located in all major automobile regions, such as America (USA), Europe (Hungary) and Asia (Korea, China, Indonesia). Governor Bill Haslam, United States Representative Marsha Blackburn, Korean Consul General Seong-jin Kim were present during the function. “The new Tennessee plant signifies Hankook Tire’s growing business in the US and our continued...

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Michelin acquires specialty materials firm Lehigh Technologies

Michelin has acquired Lehigh Technologies, a specialty materials company that uses patented cryogenic turbo mill technology to transform rubber from end-of-life tyres and industrial goods into materials for new tyres and other products, reducing the amount of raw materials initially needed, such as elastomers and fillers from oil- and rubber-based sources. Michelin completed the acquisition on October 13, 2017. “We are always looking for ways to achieve safer and more sustainable mobility, including by using high-technology recycled materials, without compromising safety or other performances, while consuming less of the natural resources that are available in finite stocks. Lehigh Technologies,...

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BKT wins SQEP silver award from caterpillar

BKT has won the Supplier Quality Excellence Process Certification Silver Award from Caterpillar for its Chopanki plant, India. The award is bestowed to Caterpillar suppliers that are able to achieve the highest levels of quality and process control. BKT is the only Indian tyre manufacturer now part of this Program for Excellence. Besides, BKT also obtained homologation for the Original Equipment supply of the two tyres Earthmax SR 47 and Earthmax SR 45 to be fitted on two different models of CAT equipment. “The Caterpillar SQEP Silver Award is a very prestigious and aspired accolade. Not only does it...

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