Business News

As the sole importer and distributor of Roadone tyres in Malaysia, Kitar Teliti Sdn Bhd is all set to grow the brand for the local market.

The digital version of Issue 2020/5 of The Tyreman, Malaysia's specialist B2B magazine for the tyre industry, is now available for viewing and download.

Bolstered by a long-standing partnership with Michelin, Tyreplus dealers will also benefit from a wide range of international brand partners.

Hankook is expanding its original equipment business at Audi AG with their powerful RS Model segment. In addition to further Audi RS models, the Audi RS 6 Avant and Audi RS 7 Sportback will also be delivered with Hankook tyres ex works from their market launch in 2020.

For the third quarter of 2020 Hankook Tire reports an increase of global sales and operating profit by 2.8% and 24.6% respectively year-on-year, and by 38.3% and 220.5% compared to the previous quarter. This recovery is mainly attributed to increased sales of replacement tyres in major regions such as Europe, North America, and China. It was also driven by increased sales of OE tyres as well as high-inch tyres of 18 inches or above in China. The company’s Laufenn brand product portfolio is also a key contributor to driving demand from customers seeking both quality and competitive price. 

The on-going promotional campaigns by Malaysia's car companies help increased car sales by 26 per cent. 

Valebridge Media Services (VMS), the Crewe, UK and Madrid, Spain-based media services agency, has announced that the Marangoni Group has been named as the Official Trophy Sponsor for the inaugural Recircle Awards 2021.

Falken Tyre Europe has reached an agreement with two leading football teams in LaLiga and the German Bundesliga, Atlético de Madrid and Borussia Mönchengladbach, to extend its collaboration with both clubs during the current 2020/21 season. 

Yokohama Rubber Co., Ltd., announced recently that it will consolidate its various off-highway businesses into one single entity.

The 2020 Linglong TBR Distributors Annual Conference themed ‘New Retail, New Future’ was held in Zhaoyuan, Shandong from 12^th to 13^th October.