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July 2016
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Goodyear reports improved “core segment operating income”.

Posted: July 30, 2016 at 10:48 am   /   International, Reader's Choice, Tyre Industry

Goodyear has reported improved “core segment operating income” for the quarter and six months ended June 30 despite lower sales revenue. Second quarter core segment operating income — which excludes results from the company’s “deconsolidated” Venezuelan subsidiary — was up 3.3 percent over the 2015 period to $531 million, Goodyear reported, while sales fell 7 […]

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Ceat reports 17.83% decline in net profit.

Posted: July 30, 2016 at 10:43 am   /   National, Reader's Choice, Tyre Industry

Tyre maker Ceat Ltd. has reported 17.38 percent decline in consolidated net profit at Rs 93.07 crore for the first quarter ended June 30, 2016-17. The company had reported a net profit of Rs 112.65 crore during the same period of the previous fiscal. Net sales of the company rose however to Rs 1,460.92 crore for […]

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Shanghai Huayi Group Co., to set up manufacturing plant in Thailand.

Posted: July 30, 2016 at 10:37 am   /   International, Tyre Industry

Shanghai Huayi Group Co., the holding company of Chinese tyre maker Double Coin Holdings, is setting up a tyre production joint venture in Thailand, in the country’s rubber industrial zone LK-Rubber Industrial City Hub (LK-RICH). The new company, Huayi Group (Thailand), is a joint venture with Bangkok-based Tribeca Enterprise Co. Ltd., a subsidiary of Thai […]

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Michelin’s net income rises 24% in 2 years.

Posted: July 30, 2016 at 10:24 am   /   International, Reader's Choice, Tyre Industry

Despite a drop in net sales of about 2%, Group Michelin says its tyre volumes in the first half of 2016 beat the market in every segment. Passenger and light truck tyres were the leaders, with a 4% increase over the same period a year ago. Michelin recorded net sales of almost 10.3 billion euros, […]

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Young Yokohama – 99 Years of brilliance

Posted: July 30, 2016 at 9:54 am   /   Editor's Choice, Featured, Tyre Industry

Recently as we were uploading the Tyre & Rubber Industry Leadership Acknowledgement (TRiLA) award winner’s videos on our website, we came across a wonderful & historic piece of information. Whilst accepting the award for TRiLA Up-Sizing Tyre of the Year award (Yokohama Geolander) on behalf of Yokohama India Ltd. Mr. Sanjay Chatterjee (Country Head – […]

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Goodyear receives highest honor for employers in USA.

Posted: July 26, 2016 at 1:05 pm   /   Editor's Choice, Featured, International, Tyre Industry

The Goodyear Tire & Rubber Company has been named as the recipient of the 2016 Secretary of Defense Employer Support Freedom Award, US’ highest honor given to employers for exceptional support of Guard and Reserve employees. Goodyear was one of 15 companies across the United States recognized and selected from more than 2,400 nominations submitted […]

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Billboard

‘Ride Along With MRF’ community for two-wheeler enthusiasts launched across India.

Posted: July 26, 2016 at 12:59 pm   /   Editor's Choice, National, Tyre Industry

MRF Tyres has launched a unique ‘Ride Along With MRF’ community for two-wheeler enthusiasts across the country. ‘Ride Along With MRF’ is a one of a kind riding community that was launched by India’s leading tyre manufacturer MRF on 22nd July. While the ICC Cricket World T20 was going on, MRF took the initiative of […]

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Michelin reports first half net income for 2016.

Posted: July 26, 2016 at 12:55 pm   /   Editor's Choice, International, Tyre Industry

French tyre maker Michelin has reported that its first-half net income increased to 769 million euros from 707 million euros last year. Earnings per share were 4.24 euros, higher than 3.79 euros a year ago. Operating income from recurring activities grew to 1.405 billion euros, or 13.7% of net sales from last year’s 1.262 billion euros […]

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ICRA Upgrades MRF’s NCD programme.

Posted: July 26, 2016 at 12:32 pm   /   National, Reader's Choice, Tyre Industry

The rating agency ICRA on Friday upgraded the long-term rating of the Rs 500 Crore Non-Convertible Debenture (NCD) and Rs 100 crore proposed NCD programme of MRF Limited from AA+ to AAA, which stands for stable. The upgrade in the rating reflects the strong business profile of MRF and sustained improvement in the company’s financial […]

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Nitin Gadkari promises Rs. 7 lakh crore spent on NH development.

Posted: July 26, 2016 at 12:14 pm   /   Editor's Choice, National, Tyre Industry

Rs 7 lakh crore would be spent to develop around 50,000 kilometers of national highways over the next five years, the Government said on Monday. During Question Hour in Rajya Sabha , Union Minister Nitin Gadkari said the Government has allocated a total Gross Budgetary support of Rs 46,834 crore including cess and toll remittance […]

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