Page 2 - Tyre Maker News Today

Rubber Producers: The scheme for producers in Hainan and Yunnan provinces, the main rubber producing regions, will stabilise producers income and increase planting acreage to boost the countrys rubber production, according to a joint statement by the finance ministry, agriculture ministry and the National Administration of Financial Regulation dated Dec. 8.

Bridgestone: Selection by the FIA as the sole tyre supplier for Formula E, covering seasons 2026-2027 through 2029-2030, will be a cornerstone of the companys sustainable global motorsports strategy, the company said.

French tyre manufacturer Michelin said Tuesday it will close two factories and cut more than 1,500 jobs in Germany due to rising costs and competition from cheaper imports. Michelin attributed the decision to "budget truck tyres from low-wage countries and rising production costs in Germany".

Pirelli obtained top scores in many areas of management. In particular, in the areas of Business Ethics, innovation, independence, diversity policy and at the Board level.

Jk Tyre: Organised by Dimapur Motorsports Club (DMSC) and supported by the FMSCI, it featured nine different categories. It also included five INAC competition classes that took to the 1.9 km twin dirt track over two days.

Goodyear said the board is considering both internal and external candidates to succeed Kramer, who has served as the CEO since 2010. Kramer will also step down as president and chairman.

Ceat Q2 Results: Analysts had anticipated an average profit of INR 152 crore, according to LSEG data. Total quarterly expenses decreased by 2.5%, primarily due to a 13.6% reduction in input costs

Yokohama India Managing Director and CEO, Harinder Singh, stated that the company supports the governments ban on tyre imports and aims to capture a larger share of the premium SUV market by offering locally manufactured, high-end tyres. The move towards localisation helps reduce costs, lead times, and dependency on imports.

In the fourth quarter, the companys consolidated net profit surged over two-fold on year to Rs 112 crore, aided by robust demand in the domestic market for both passenger and commercial vehicle radial tyres

Analysts believe that raw material price correction helped margins. Gross margin expanded to 40.1 percent in the March quarter, increasing 658 basis points from the year-ago period and 556 bps from the December quarter