Continental: Tyre Division growing faster than the market

At the beginning of the year, Continental proved its growth potential in a reserved market environment. Above all, influences from exchange rates caused a lot of headwind in the first three months. In spite of these negative effects of a total of 546 million euros, turnover reached 11.0 billion euros and was at the same level as in a comparable period in the year before.

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English Section

Wdk: Tyre manufacturers will have to cope with decrease in turnover of 6.2 per cent

After the first six months of the year 2016, the German rubber industry noticed a decrease in turnover of 2.2 per cent. According to wdk (Organisation of German Manufacturers of Tyres and Technical Elastomers Products), the tyre manufacturers’ turnover fell by 6.2 per cent. In spite of higher sales figures for TEE (Technische Elastomer Erzeugnisse – Technical Elastomers Products) production decreased in German tyre plants and in TEE locations. While manufacturers of TEE were able to look back at a slightly positive business development in the first half of 2016, there was a decrease in turnover for tyre manufacturers in the same period. This was not only caused by low sales prices resulting from falling raw material costs.

English Section, Reifenindustrie

Industrie

Hankook: Operative result has decreased by 15 per cent

Hankook Tire has announced the financial results for the third quarter of 2018. The company achieved a global turnover of 1,760 billion KRW (about 1.35 billion euros) and an operative result of 184.6 billion KRW (about 141.5 million euros) during the period under review. The operative result decreased by 15 per cent compared to the previous year.

English Section, Reifenindustrie, Hankook

English Section

Uniroyal announces voluntary exchange program for SnowMax 2

The tyre brand Uniroyal is announcing a voluntary exchange program for winter tyres of the model SnowMax 2 in size 195/60 R 16 C for about 500 vans. According to group information, parts of the tyre tread of a certain production period could start getting loose because of a rubber compound not being in compliance with guidelines.

English Section, Reifenindustrie

English Section

Uniwheels will increase market share in Europe by 5 per cent

The German manufacturer of light metal wheels, Uniwheels, which is listed on the Warsaw Stock Exchange, presented its Strategy 2022. ATS, Rial, Alutec and Anzio are well-known group brands. At the moment, the group disposes of four production plants, of which three are based in Poland (Stalowa Wola) and one in Germany (Werdohl). Uniwheels supplies the international automotive industry (Automotive Segment), the replacement market (Accessory Segment) and international motorsports as manufacturer of light metal wheels.

English Section, Felgenhersteller