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After three-and-a-half years as chairman of Yokohama Europe, Hiroyuki Shioiri will leave his European responsibilities on 1 November 2023 in order to return to Japan and become “Officer, Head of Corporate Planning Div., Head of Corporate Planning Dept.” Tyres & Accessories understands that Shioiri’s successor will be named on 9 October and that the change doesn’t impact Yokohama Europe chief executive Gregorio Borgo’s role. ....
Roughly a year ago, then relatively-newly appointed Yokohama Europe president Gregorio Borgo, told us that the company has plans to invest in a factory “at the heart of Europe”. 12 months on, Tyres & Accessories once again spoke with Gregorio Borgo as well as Yokohama Europe chairman Hiroyuki Shiori in order to find out how the company’s growth and its interconnected factory plans have been progressing. ....
Prometeon Tyre earns higher margins despite pandemic rubbernews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rubbernews.com Daily Mail and Mail on Sunday newspapers.
Prometeon s 2020 earnings off slightly on 15% lower sales Prometeon s 2020 earnings off slightly on 15% lower sales Print MILAN, Italy Prometeon Tyre Group S.r.l (PTG), the former Pirelli commercial tire business, reported a slight drop in pre-tax operating income in fiscal 2020 on 15.2% lower sales. Operating income (EBITDA) fell to $140.8 million on sales of $1.04 billion. As a result, the operating margin rose nearly a point and a half to 13.6%, the company said. Net earnings fell 65.4% to $3.07 million. Prometeon attributed much of the sales decline to an exchange rate effect in Latin America. Prometeon Tyre CEO Giorgio Bruno noted the 2020 performance marks the completion of a turnaround process launched three years ago. During that time, the firm implemented several strategic initiatives that have made Prometeon healthier, stronger and more resilient in an unprecedented scenario. ....