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Bridgestone named number one tire brand in Thailand

Bridgestone named “Marketeer No.1 Brand Thailand 2023” in the tire category for the 12th consecutive year, according to results from the nationwide consumer opinion survey. Mr. Yuichi Asaoka, Consumer Group Director of Bridgestone Sales (Thailand) Co., Ltd., received the award from Mr. Permpol Popermhem, Editor and Founder of Marketeer Magazine, at Chatra Ballroom, Siam Kempinski Hotel, Bangkok.

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BASF reports sales fell 25 percent in second quarter

BASF has released preliminary figures for the second quarter of 2023. Sales declined by an expected 25% in the second quarter of 2023 to €17,305 million (Q2 2022: €22,974 million). This was mainly driven by considerably lower prices and volumes; negative currency effects also contributed to the sales decline. Sales were thus lower than average analyst estimates for the second quarter of 2023 (Vara: €19,355 million).

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Mike Whiddett sets rotary record at the 101st Pikes Peak International Hill Climb with Toyo Tires

Toyo Tires made a resounding impact at the iconic Pikes Peak International Hill Climb, showcasing its commitment to motorsports heritage and innovation. Attendees of the event in Colorado Springs witnessed an awe-inspiring performance by the talented “Mad Mike” Whiddett of Team Toyo. Whiddett’s “Bullet”, a 1400 horsepower, 4 rotor, twin turbo, rear wheel drive 2022 Mazda 3 on Toyo Proxes racing slicks built by TCP-Magic, ascended Pikes Peak and recorded an official lap time of 10:34.980. This set a record for the fastest Mazda and the fastest rotary engine in the event’s 101-year history, forever etching Whiddett and his team’s groundbreaking performance in racing history

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Lubrizol commits $50 million for multiple projects in India

The Lubrizol Corporation is advancing its commitment to continued growth in India with several significant projects across its portfolio. The company is pledging more than 150 million USD of in-region investment, including breaking ground on India’s largest CPVC resin plant in Vilayat, Gujarat, doubling capacity at its site in Dahej, Gujarat, opening a grease lab in Navi Mumbai and enabling significant in-country job growth and innovation.

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Market ReportsNewsrss4Tire Technology & Manufacturing

Global production of electric vehicle (EV) tires market to reach $100 billion by 2033

In the current year 2023, the net worth of the global EV tires market size is estimated to be around US$ 9.44 Billion. As per the market analysis report projections, EV tire sales are to grow at a CAGR of 26.6% during the next 10 years. This report also predicts that the total valuation of the market would be around US$ 100 billion by 2033 according to Future Market Insights.

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