Yokohama’s tyre business’ Q12020 earnings dent due to COVID 19 impact
- By 0
- May 23, 2020
Yokohama reported a decline in the sales and business profits for its tyre segment for the first quarter, ending March 2020.
The company’s tyre business’ sales declined 12.71% to 87.410 billion yen in Q12020. It reported a net loss of 503 million yen in Q12020.
The company said the downturn in business profit reflected a decline in unit sales volume, an increase in production costs associated with reduced production volume, and inventory-adjustment costs occasioned by a tyre recall in North America.
Both domestic and international markets saw a fall in sales. “That decline reflected production adjustments necessitated by a decline in Japanese demand associated with the novel coronavirus (COVID-19) outbreak and by suspended operation at vehicle plants in overseas markets,” said Yokohama.
Sales revenue also declined in replacement tyres. Sales of winter tyres in Japan were weak on account of warmer-than-usual winter temperatures at the outset of the year, and Japanese business in replacement tyres also suffered from the adverse effect of the COVID-19 outbreak on consumer spending. Business in replacement tyres was generally sluggish in overseas markets, too.
ATG, a part of Yokohama looking into agri, industrial and OTR tyres, also had a fall in sales and profits due low demand.
ATG’s sales stood at 15.54 billion yen in Q12020, a fall of 17%, from 18.86 billion yen in Q12019. Profit fell by 22% to 1.78 billion yen in Q12020.
The massive business disruption caused by COVID-19 will necessitate revisions in the full-year fiscal projections that Yokohama issued in February 2020. However, the full extent of that disruption is impossible to determine at this time, and the company will therefore withhold for the time being the release of revised business projections and of proposed dividends. Yokohama will release its revised business projections and proposals for dividends as soon as management secures a firm grasp of the fiscal outlook.
Several measures are under way at Yokohama to maintain a sound financial position in the face of the COVID-19 challenge. Those measures include fortifying short-term liquidity through optimal fund raising, paring cash expenditures by deferring capital spending and trimming costs, and reducing compensation for directors, officers, associate officers, and managers.
Niutech Finalises Group Restructuring Amid Global Push For Advanced Recycling
- By TT News
- October 02, 2026
Niutech Technology Group Co., Ltd. completed its group restructuring on 26 August 2026, drawing on nearly 40 years in industrial continuous pyrolysis. Its proprietary technology and complete equipment sets convert over 30 material streams, including waste tyres and plastics, into high-value recycled resources such as pyrolysis oil and combustible gas. Niutech spans high-end equipment R&D and manufacturing, project investment and construction and operation, supporting 10,000-tonne-scale projects in dozens of countries, including Germany, UK, Korea, Denmark and Brazil, while meeting developed-market environmental and technical standards.
Tightening regulation is accelerating demand. The European Union's Packaging and Packaging Waste Regulation, Ecodesign for Sustainable Products Regulation and End-of-Life Vehicles Regulation raise recycled-material requirements and spotlight continuous pyrolysis. Niutech's new-generation large industrial continuous intelligent pyrolysis line delivers major gains in processing capacity, efficiency, cost control and product quality. In waste tyres, a single unit handles over 100 tonnes daily, with recovered carbon black exceeding 80 percent toluene transmittance, yielding high-grade commercial carbon black for tyre manufacturing.
For waste plastics, including low-value municipal, ocean, and textile streams such as mixed PP, PE, PS, ABS and nylon, one unit also processes over 100 tonnes daily without complex washing, sorting, drying or fine crushing. It produces stable pyrolysis oil, solid fuel and combustible gas, the latter cutting on-site energy use, while the oil can become chemical feedstock for new plastics. The line operates in multiple overseas markets.
In China, majority-owned subsidiary Hesheng Environmental Protection, commissioned in 2013, was the country's first continuous tyre recycling project and the sector's first to earn International Sustainability and Carbon Certification, operating stably for over a decade. In 2026, Hesheng launched a 100,000-tonne Phase II project, lifting capacity to 160,000 tonnes annually. A UK customer signed an RMB 198 million order after assessing Niutech's projects and global peers. Niutech is now advancing clean tyre pyrolysis oil research toward sustainable aviation fuel and other clean energy.
"The maturity of a technology is best verified through industrial projects. Our project references in China and overseas are becoming our most persuasive calling card," said the head of the marketing department at Niutech.
Hankook Ready For WRC Finale As Sardinia Crowns 2026 Champion
- By TT News
- October 02, 2026
Hankook Tire, the exclusive tyre supplier for the FIA World Rally Championship, is proving its mettle at the season-ending Rally Italia Sardegna, scheduled for 1–4 October around Alghero on the Italian island of Sardinia. The 23rd edition of this historic gravel event now closes the 2026 calendar after Rally Saudi Arabia, originally slated as the finale, was removed from the schedule.
Because the Drivers' Championship will be decided in Italy, tyre performance and strategies for handling the demanding roads and unpredictable October weather are expected to be decisive. The rally covers 17 Special Stages totalling roughly 307.02 competitive kilometres on unpaved roads, where narrow, winding sections lined with trees and undergrowth, combined with blind crests, restrict visibility and leave little margin for error.
The route also includes Micky's Jump, one of the event's most recognizable features, as well as deep ruts created by repeated runs and rough, rocky stretches. These conditions place heavy demands on tyre durability and vehicle stability, making consistent control a critical factor throughout the event.
Hankook will provide its Dynapro R213 all-terrain rally tyre in Hard and Soft compounds for the finale. The tyre is engineered to absorb gravel impacts while delivering stable grip, precise handling and strong durability. At Round 12 in Chile, Toyota GAZOO Racing's Oliver Solberg took his second win of the year, securing Toyota the 2026 Manufacturers' Championship – its sixth straight since 2021 and 10th overall – leaving the drivers' title to be settled in Sardinia.
Rally Of Himalayas 2026 Concludes With A Stirring Show Of Speed, Stamina And Survival
- By TT News
- October 01, 2026
The J&K Bank presents JK Tyre Rally of Himalayas 2026, recognised as one of the nation's most gruelling rally raids, drew to a close on 30th September following over four days of fierce competition through the high-altitude terrains of Lahaul-Spiti and Zanskar. The event assembled 50 cars and 80 riders, all confronting some of India's most unforgiving mountain routes where precision, endurance and rapid decision-making faced constant scrutiny.
Beginning with a flag-off from Manali on 26 September 2026, participants navigated rugged stretches across Lahaul and Spiti, including the formidable Kunzum La crossing, notorious for its extreme conditions and demanding driving lines. Steep inclines, unpredictable weather and altitude-related pressures placed relentless strain on both machines and competitors, underscoring the rally's reputation for testing speed alongside consistency.
From the outset, Rajiv Yadav asserted his presence by seizing the lead on Day One, building momentum while monitoring strong local challenger Aaryak Rana, who remained a closely watched contender during the early phases. As technical demands intensified, holding position became as vital as pursuing outright pace, with the standings gradually revealing those capable of blending speed with reliability.

A pivotal 72-km competitive stage, later run in reverse, introduced a fresh challenge by forcing competitors to recalibrate braking points, turn-in timing and pacing strategies on familiar ground approached from the opposite direction. A significant setback occurred when Lakhpa Tsering, the 2015 Raid de Himalaya champion, withdrew his Toyota Hilux due to a technical fault, highlighting how mechanical dependability proves as crucial as driving prowess in such events.
Following the reverse stage, Daksh Gill shifted the rally's momentum by clinching the next two stages, starting with the reverse Losar to Gramphu run. The competition then advanced towards Shinku La, climbing beyond 16,500 feet, where control, traction and throttle precision mattered more than raw speed. Gill's capacity to sustain pace in these conditions proved instrumental in shaping the final outcome.
Moving into the Zanskar Valley, competitors encountered one of the event's most punishing phases, featuring a high-speed run across dramatic, desert-like high-altitude terrain. Gill once again displayed remarkable pace and consistency, reaching speeds of up to 200 kmph during the Zanskar stretch, a decisive segment that reinforced the necessity of combining outright speed with control in extreme conditions. The rally ultimately concluded in Padum, the headquarters of Zanskar district.

In the Moto category, Dhritimaan Singh emerged victorious, with Happy Verma as runner-up and Nitish Bharadwaj taking second runner-up. The Xtreme four-wheel class saw Rajiv Yadav and Rohit Gowda triumph, followed by Aaryak Rana and Aditya Sharma as runners-up, while Daksh Gill and Virender Kashyap secured second runner-up. Adventure four-wheel honours went to Soham Hazra and Nirav Mehta, with Santosh HM and Prakash Muthusamy as runners-up, Chandra Mouli and Sri Sakthi Kumar N in third and Sachin Mandhwani with Adhitya Anthony in fourth.
A prize distribution ceremony, featuring regional cultural performances, was attended by dignitaries including Arava Gopi Krishna, IAS, Administrative Secretary, Transport and Housing and Urban Development; Moses Kunzang, Staff Officer to Chief Secretary; Tsewang Dorjai, DGM-cum-Zonal Head, J&K Bank; Rigzin Sangdup, SP, Zanskar; Gulam Mohammed, CEO, Tourism Development Authority and ADDC Kargil; and Sarwar Shehzad, SDM, Zanskar.
Hankook Kinergy 4S 2 And Winter i*cept RS 3 Impress In Dual Tyre Tests
- By TT News
- October 01, 2026
Hankook Tire has underscored the competitiveness of its winter and all-season portfolio through strong showings in two recent independent assessments. The Kinergy 4S 2 all-season tyre and the Winter i*cept RS 3 winter tyre both earned top-tier results in tests conducted by Auto Zeitung, in its issue 20/2026, and by the Automobilclub von Deutschland (AvD) in August 2026. The evaluations positioned the manufacturer’s products favourably across multiple performance and economic criteria.
In the Auto Zeitung all-season comparison, the Kinergy 4S 2 was assessed in the widely used 225/45 R 17 fitment and received the publication’s ‘Highly recommended’ designation. The tyre demonstrated notable composure on snow, with predictable cornering behaviour that testers described as making it a comfortable winter-capable option. It also excelled in aquaplaning resistance while cornering and recorded the quickest wet-handling lap on the circular track. On dry surfaces, the editorial team noted trouble-free behaviour at the limits, solid projected mileage, and strong value for money.
The AvD’s 2026 all-season test delivered similarly positive outcomes. Evaluated in size 225/50 R 17, the Kinergy 4S 2 claimed the best value-for-money ranking and performed strongly in the economy and environment category, earning 4.78 out of five stars overall. It achieved five stars each for mileage and fuel consumption, along with 4.9 stars for tyre wear. Against a twelve-tyre field, it also placed highly for aquaplaning and aquaplaning in curves, securing 4.20 stars in the final ranking and an overall ‘Good’ rating.
Separately, the Winter i*cept RS 3, tested in 225/45 R 17, received an overall ‘Good’ verdict with 4.26 stars in the AvD winter tyre evaluation. It performed particularly well in snow braking and traction, scoring 4.4 and 4.3 stars, and in aquaplaning in curves and straight-line aquaplaning, with 4.5 and 4.4 stars. The tyre also earned 4.43 stars across economic and environmental criteria, including 4.6 stars for weight and 4.5 stars each for fuel consumption, mileage and tyre wear.


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