Last week, we published the November issue of our global tire industry newsletter, and distributed it to subscribers. This 36-page publication brings unique insights into: Forecasting prices of raw materials Triangle’s factory in the US – financial analysis Intelligent Tire meeting, including: Better tires mean more miles/unit TPMS improve inflation, extend life Predicting Tire-Road grip
Michelin has bought tire recycler Lehigh Technologies for an undisclosed sum. The deal was completed on 13 October, and means that Lehigh is becoming a wholly-owned subsidiary of Michelin. No financial details were revealed. Although neither party gave any indication of the value of the company, Lehigh said in early 2017 that it was expecting
The biggest news in the China tire industry over the last weeks has been the IPO share issue of Linglong. It was a great success, with the Linglong share price rising 44% on the first day of trading and subsequently climbing to three times the issue price of RMB12.98. We have to ask: was the
On June 13th, Shandong Linglong Tires Ltd announced a preliminary notice of its initial public offering (share offering) on a Chinese stock exchange. The issuer’s stock is shortened as “Linglong tire”, stock code “601966”on the Shanghai Stock exchange. The company aims to issue 200m shares at RMB12.98 (USD1.97) each, raising a maximum of almost USD400m.
China’s tire industry is in melt-down. The question now is, how long can the current situation last? I’ve just come back from Shandong Province and the mood is not good. When things are not going well, Chinese people will rarely tell you the real situation. When they tell you things are bad, you know the
We’re putting together the programme for the Tire Technology Conference next year in Hanover. It’s exciting, pulling together 140 or so papers detailing the latest technological advances in this industry. A lot of things in this industry are incremental, so we have papers on a huge range of topics. Many of these have an element
NK Rosneft has agreed to become Pirelli’s biggest investor by acquiring an indirect stake in the company. As per the agreement with Unicredit Bank, Intesa Banking Group, and Clessidra Fund, Rosneft will buy 50% share of the company holding 26.19% of Pirelli & C. S.p.A. stake. The transaction will be carried out at a value
Stock markets have punished Apollo Tyres for its audacity in daring to seal the biggest overseas deal in India’s corporate history – the acquisition of US-based Cooper Tire and Rubber. The share price of Apollo has fallen by around one third since the deal was announced. I’m trying to work out if this is justified