Tyres Archives — City Business News

June 20, 2023 No Responses

Italy Blocks Chinese Control Of Pirelli Tyre

Italy has moved to block a Chinese state-owned company from taking control of tyre making giant Pirelli. The decision is part of measures announced by Italy’s government to protect Pirelli’s independence. Beijing-controlled chemical giant Sinochem is Pirelli’s biggest shareholder, with...

April 5, 2023 No Responses

SON Cautions Importers Of Fake, Substandard Tyres

The Standards Organisation of Nigeria (SON) has warned importers of fake and substandard tyres to desist from the act, to avoid being tagged as “public enemies”. The Director-General, SON, Malam Farouk Salim, gave the warning at a one-day sensitisation pro...

November 4, 2022 No Responses

Pirelli Ups 2022 Sales View As Pricing, Product Mix Give Boost

Italian tyremaker, Pirelli on Thursday lifted its 2022 sales forecast after third-quarter figures came in above expectations, citing the resilience of its business model and measures put in place against market volatility. The manufacturer...

June 15, 2022 No Responses

APM Terminals Apapa Seals MoU To Recycle Used Tyres

APM Terminals Apapa, Nigeria has signed a Memorandum of Understanding (MoU) with an indigenous firm, FREEE Recycle Limited, to recycle its used tyres. In December 2021, APM Terminals Apapa carried out a successful trial by using pavement blocks produced o...

April 8, 2022 No Responses

FRSC warns Against Sales Of Substandard Vehicle Tyres

The Federal Road Safety Corps (FRSC) in Taraba State, has warned tyre dealers against sale of substandard or fake tyres to motorists in the state. The State Sector Commander, Corp Commander Selina Williams, gave the warning at a meeting with the...

January 31, 2022 No Responses

SON Pledges Support For Made In Nigeria Tyres

Standard Organisation of Nigeria (SON) has reiterated its commitment to the safety of lives, consumer growth and expansion of the manufacturing industry and economic growth of the country. The Director-General SON Mallam Farouk Salim restated this during...

April 10, 2021 No Responses

Michelin Targets $17b Revenue, Diversifies Into hydrogen Power , Medical Devices

Foremost tyre firm, Michelin plans to add about 14 billion euros ($17 billion) to its annual revenues by 2030, by recovering from a pandemic-induced slowdown and diversifying beyond its tyre-making heritage into new activities including hydrogen...

December 7, 2020 No Responses

CEAT To Supply Tyres For Nissan Magnite

Tyre maker, CEAT is to supply tyres for the newly introduced Nissan Magnite Sports Utility Vehicle (SUV). A statement explained that the compact SUV market in India is set to grow exponentially in the coming years, adding that CEAT has...