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Toyo Tires Announces 8.5 Percent Price Hike For All Its Tyres
June 15, 2021
Toyo Tires has announced a surge in dealer base price across all its tyres. The 8.5 percent price hike, effective from 1 August 2021 and applicable for all Toyo tyre categories, is a result of the continued escalation of raw materials and logistics costs.
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JK Tyre Decreases Net Debt, Pays Off INR 930 Crore In FY 21
June 14, 2021
JK Tyre has reduced its net debt by INR 930 crore in FY 2021, through higher cash accruals and better working capital management. The tyre manufacturer managed a 17 percent decrease in the net debt and also reduced the finance cost by approximately 15 pe
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ANRPC Releases Natural Rubber Trends For May 2021
June 14, 2021
The Association of Natural Rubber Producing Countries (ANRPC) released the natural rubber trends for May 2021, based on the preliminary estimates. The association said that natural rubber production is expected to grow by 5.8 percent on a Y-oY basis, reac
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Koelnmesse Appoints Catja Caspary As VP Marketing Communications
June 11, 2021
Koelnmesse has appointed Catja Caspary as Vice President Marketing Communications effective immediately. Caspary will replace Jochen Dosch, who departs from the company after 22 years to pursue new professional challenges. Caspary, who joined Koelnmesse
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Hankook To Sponsor 2021 BBC Top Gear EV Awards
June 11, 2021
Hankook announced its sponsorship for the 2021 BBC Top Gear Electric Vehicle Awards. The manufacturer produces EV tyres that are being used as OEM on many electric and hybrid vehicles such as the Porsche Tycan. The flagship EV tyre, Ventus S1 evo 3 EV ha
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Nokian Tyres Logistics Centre Finland Installs Solar Power Plant On Rooftop
June 11, 2021
Nokian Tyres’ logistics centre in Nokia, Finland announced the installation of a 1,100 kilowatts (kW) energy producing solar power plant on its roof. The power plant consists of 3,160 solar panels and the power generated will be used to power the plant
