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Author: Sharad

BKT widens its product range for loaders

World’s one of leading off-highway tyre makers BKT has developed several tyre ranges for loaders. The new tyres have been developed aiming at a concrete and direct response to the particular needs and requirements that operators in the industrial field bring forward daily. The company said that the high performance and durable tyres will meet the complex needs of companies operating in this sector, increasing both productivity and operating hours. “Continuous innovation by BKT in terms of materials employed and technical tyre engineering are a guarantee for continuously improved performance in loading and material transport operations. Loaders are employed...

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Ceat Q3 sales and margins up

Indian tyre major Ceat’s consolidated net sales for the third quarter FY 17-18 grew by 12.6% YoY to Rs 1574 crores. On a consolidated basis, the company EBITDA for Q3 grew by 23% (YoY) to stand at Rs 195 crore and PAT during the quarter stood at Rs. 82 crore. On a standalone basis, the company’s India operations reported net sales of Rs. 1549 crore, up by 12% YoY, PAT of Rs. 91 crore and EBIDTA of Rs. 138 crores, up by 14.2% YoY. Anant Goenka, Managing Director, CEAT Limited said “We witnessed steady growth in our topline driven...

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Increase in import duties on Truck Radial tyres will help domestic Industry: JK Tyre MD

Commenting on the  the Budget presented today, Dr. Raghupati Singhania, Chairman & MD, JK Tyre & Industries Ltd., and Vice President, JK Organisation, “The Budget 2018-19, as anticipated, has put major thrust on the Agro Rural economy. The allocation of nearly Rs. 15.7 lac crores to this sector, which is almost 10% of the GDP, is many times higher than that in the previous year. The various measures to put in place a mechanism to boost farmers’ income, higher credit for agri sector, creating clusters for horticulture crops and supporting food processing, will give a tremendous boost to agro...

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ZC Rubber conducts Thai dealer meeting; targets to increase mkt share

ZC Rubber  organized a conference for its dealers and partner in Thailand to improve the market share in local tyre market. Held in Bangkok, the conference , titled More Progress More Achievement, was the first dealer meeting of the conference in 2018. In 2017, the Chinese tyre company’s sales revenue increased 22%. It also  increased production capacity for truck and bus radial tyres and  passenger car & light truck tyres by 13.6% to 17.2 million units per year and 20.7% to 32.5 million units per year respectively last year. Two-wheeler tyre output was expanded by 14.6% to 94.1 million...

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Pit Stop and Point S Germany join hands

Pit Stop and Point S Germany merged their respective networks through the membership of Pit Stop to the Point S German and International network. Point S is a worldwide network covering 4 continents (Europe, America, Asia and Africa), 33 countries with 3.600 locations. In a release, Point S said that  both networks will benefit from a consolidated purchasing policy on tyre supply as well as a common fleet program supported by 870 retail locations across the country. The Point S Group is now representing with Pit Stop, AutoMeister and Point S outlets. Stefan Kulas, Pit Stop CEO & owner,...

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