Business News

Due to current market fluctuations and the rise in the cost of raw materials, energy and logistics, Trelleborg has confirmed a price increase of 15% across all segments globally.

Explaining its position regarding the Russia-Ukraine conflict, Nokian Tyres has expressed its hopes for a peaceful, diplomatic solution to the ongoing conflict while offering additional help to its Ukraine base.

Pirelli has confirmed that they have halted operations in Russia with a statement on how it will handle operations for its Kirov and Voronezh factories for the foreseeable future, with the news reported by Reuters.

Leigh Goodland has been appointed as Direct Tyre Management’s (DTM) Managing Director.

CAM has again secured the Investors in People (IIP) Gold Award indicating that its customer and employee strategy is yielding dividends.

In a sign that the industry is starting to grow, February saw increases in truck sales which grew by 2.7%, towed vehicles which increased by 7% and buses which saw an upswing with a strong 32.1% increase. These are the latest figures released by the Associazione Nazionale Filiera Industria Automobilistica (ANIFA).

Extending on its long-standing partnership, Goodyear now becomes the title sponsor of the FIA European Truck Racing Championship.

The Michelin Group has decided to suspend both its industrial activity in Russia as well as all exports to Russia.

Grupo Andrés’ business strategy is yielding dividends with an impressive EUR 219 million turnover last year, despite Covid-19 adversely affecting the sector throughout the year.

Taking the next step in its global expansion, ZC Rubber has acquired Tianjin United Tire & Rubber International Co., Ltd (Tutric). Tutric, based in the port city of Tianjin, China, manufactures the Tianli tyre brand.