From Tire Review
PARIS – Michelin CFO Marc Henry has said the company will have to consider further cutbacks in Europe unless the sluggish tire market picks up, according to a report by Reuters.
"If volumes stay at the level where they are today, that would imply some restructuring," Henry said on a call for reporters and analysts after presenting the tiremaker’s quarterly sales.
He noted nothing has been decided yet.
Continental’s Rayong plant has an annual production capacity of 4.8 million tires and employs around 900 people.
Continental is celebrating 15 years since establishing its tire business in Thailand and five years of tire production in its tire plant in Rayong this month. The tire manufacturer has invested a total of €250 million in the plant located in the eastern part of the country. With around 900 local manufacturing employees, Continental’s Rayong tire plant has an annual production capacity of 4.8 million passenger and light truck tires (PLT) as well as motorcycle tires, serving both the original equipment and replacement sector.
Twenty-two new import part numbers, as well as 39 new pulley and tensioner part numbers, are immediately available.
The product lineup was created to service and maintain both R-134a and R-1234yf automotive A/C systems, according to B’laster Holdings.
Seventy new parts have been added to the INA, LuK and Schaeffler Bearings portfolios in the first quarter of 2024.
The new products cover more than 1,994,760 applications and model years 2016-2024.
This represents a significant decline from growth rates of 31% in 2023 and 60% in 2022, ABI Research said.
By going electric, British private and public sector organizations could reduce the TCO per vehicle by $16,341 over seven years.
OneCoreGo 5.0 made its debut at Auto China 2024 and aims to enhance in-vehicle experiences with AI-driven solutions.
The EnduMile LHT, the company’s most durable and fuel-efficient trailer tire, is now available in a 385/55 R22.5 format.
