Yokohama Rubber posted record-high business and financial results for the first nine months of fiscal 2024, driven by substantial revenue and profitability growth across its key business segments.
The company reported a 13.1 percent increase in sales revenue from the same period last year, reaching USD 5022 million. Business profit rose 69.6 percent to USD 535 million, operating profit increased 63.8 percent to USD 551 million, and profit attributable to the parent company’s owners climbed 36.5 percent to USD 390 million.
The Group’s business profit margin also reached 10.7 percent, its highest level ever for this time frame.
Yokohama Rubber attributed this robust growth to efforts to expand sales volume, implement product price increases and optimise the product mix. A full-year contribution from Y-TWS and the positive impact of yen depreciation further supported the performance.
Segment Results
Tyre Business: Sales in the tyre segment reached USD 4498 million, a significant increase from USD 3931 million in the same period last year. Business profit for the segment surged to USD 505 million, up from USD 287 million. Growth was driven by higher sales volume, favourable product mix and effective price increases in response to raw material costs.
Yokohama Off-Highway Tires (YOHT: YOHT recorded sales of USD 684 million, up from USD 632 million in 2023, while business profit rose to USD 81.45 million, compared to USD 76.3 million the previous year. The segment benefited from strong demand in the agricultural and industrial tyre markets, particularly in overseas markets.
Yokohama Tire & Wheel Solutions (Y-TWS): Sales in Y-TWS totaled USD 737 million, a substantial increase from USD 432 million in 2023. Business profit came in at USD 46.81 million, reversing a loss of USD 7.05 in the prior year. The improvement reflects strong sales of speciality tyres and positive impacts from structural changes and efficiency improvements.
Yokohama Rubber’s CEO emphasised the company’s ongoing focus on strategic growth initiatives, including high-margin products and global market expansion. The results underscore Yokohama Rubber’s resilience and adaptability in a challenging economic environment.
AZuR Network Welcomes Siemens As Newest Partner
- By TT News
- April 28, 2026
The Alliance for the Future of Tires (AZuR) has expanded its network by securing Siemens AG (Digital Industries) as its newest partner, taking another step towards advancing digital transformation throughout the tyre and recycling sectors and transformation to a tyre circular economy. This new collaboration reinforces AZuR’s standing as a cross-disciplinary hub that connects innovation, industrial know‑how and sustainable practices.
Siemens brings deep experience in automation and digitalisation to the Europe-wide network, with the shared goal of accelerating a sustainable, ethical and green tyre value chain. The company pursues a holistic approach covering the entire tyre lifecycle, from production and use to end-of-life. A particular emphasis is placed on the end-of-life segment, where Siemens aims to expand its ecosystem through more efficient processing methods and continuous data collection across the increasingly extended lifecycle of tyres.
Working closely with stakeholders including raw material suppliers, machine manufacturers and producers, Siemens seeks to help meet regulatory requirements while unlocking new efficiency gains. A key technological example is the digital twin, a virtual representation of real-world systems and processes. These simulations allow dynamic testing of developments, process optimisations and new methods without physical prototypes, enabling resource-conserving, data-driven improvements for individual tyres or complete recycling and retreading plants.
Siemens’ digital solutions also support precise planning and efficient operation of tyre recycling and retreading facilities for all vehicle types, as well as data-driven tyre tracking for transparent lifecycle documentation. Through this partnership, AZuR demonstrates that transforming the tyre industry depends on the interplay of technology, data and cooperation.
Linglong Tire Expands Master Range With New Dura Master Van Tyre
- By TT News
- April 28, 2026
Linglong Tire has expanded its commercial vehicle portfolio with the introduction of the Linglong Dura Master Van, a new tyre designed specifically for light trucks, vans and motorhomes. This latest addition to the Linglong Master product family emphasises high mileage, low rolling resistance and enhanced driving characteristics. A specialised version, the Dura Master Van e, has been developed to meet the unique requirements of original equipment manufacturers in the automotive industry.
The Dura Master Van features a robust new construction and an optimised tread design with a wider contact surface, delivering significantly higher mileage than its two predecessors, the Green-Max Van and Green-Max Van HP. An innovative tread compound reduces rolling resistance, translating into meaningful cost savings for commercial users. The reinforced carcass enhances load capacity for fully laden vehicles, while new sipe technology combined with a silica-based compound shortens wet braking distances and improves handling on both wet and dry roads.
Production of both the Dura Master Van and the Dura Master Van e is exclusively taking place at Linglong’s advanced tyre factory in Zrenjanin, Serbia, with immediate availability. A total of 29 sizes ranging from 12 to 17 inches will be delivered starting in spring 2026 and will reach retail stores thereafter. The Dura Master Van e, offered in two 16-inch sizes, will be supplied directly to OEMs following individual manufacturer approvals.
Development of the new tyres was led by Linglong’s European Development Center in Hanover, with testing conducted at the Idiada test track in Spain and the company’s own Sino Asia proving ground in China. Looking ahead, Linglong will further expand its van tire lineup in fall 2026 with the introduction of the Dura Master Van 4S, a new all-season tread pattern specifically engineered for light commercial vehicles.
Wencheng Liu, Head of Product Management, Linglong Tire, said, "With the Linglong Dura Master Van, we are expanding our range in the light commercial vehicle sector and offering a high-performance solution for businesses as well as private households. The tyre combines high mileage with safety and efficiency – crucial factors for cost-conscious families and entrepreneurs who use their vehicles every day."
Tegeta Green Planet Leads Georgia’s Tyre Recycling Push At European Summit
- By TT News
- April 28, 2026
Tegeta Green Planet, under the leadership of CEO Shalva Akhvlediani, has positioned Georgia as a notable participant in Europe’s circular economy ecosystem through its strong engagement at the 31st annual conference of the European Tyre Recycling Association (ETRA). The event served as a key platform where Akhvlediani presented Georgia’s approach to converting waste materials into valuable industrial resources, marking a significant step for the country’s environmental strategy.
The involvement of Georgia at the Brussel-based conference highlighted the strategic importance of RECSOL LLC, a collaborative venture aimed at establishing modern tyre recycling facilities in Georgia that comply with European Union standards. This project is designed to bridge local industrial needs with internationally recognized environmental and technological benchmarks, reinforcing the country’s commitment to sustainable development.
ETRA’s 2026 gathering took place amid rapidly tightening environmental regulations across Europe, including new sustainability targets and the implementation of Extended Producer Responsibility frameworks. In this context, Akhvlediani’s presentation took on added significance, positioning Georgia alongside European nations that are actively shifting from conventional waste management towards integrated circular economy models. The focus moved beyond simple tyre recycling to creating interconnected systems for material reuse.
A central theme of the address was the transformation of end-of-life tyres into high-quality secondary raw materials such as rubber granules, powders, steel and textile components. Advances in recycling technology now allow these materials to serve industrial value chains more effectively, though Akhvlediani emphasised that processing alone is insufficient without stable demand and integration into manufacturing. This is where RECSOL LLC plays an intermediary role, ensuring uniform output that meets European specifications.
Tegeta Holding, through its Tegeta Green Planet division, has made circular economy strategy a priority, with RECSOL LLC as a core initiative. The planned recycling factory is intended to serve both domestic and export markets, aligning with European technological and environmental standards while remaining scalable for future growth. This industrial capacity positions Georgia as a potential bridge between Europe and the Caucasus region, attracting foreign investment and creating regional supply chains for recycled goods.
Regulatory harmonisation was another key point raised at ETRA 2026, particularly regarding emission controls, energy management, product certification and reporting systems. Akhvlediani also highlighted downstream applications such as rubberised asphalt, which offers enhanced road durability, lower maintenance costs, reduced noise and improved safety. Using recycled materials in infrastructure development would allow Georgia to turn waste into a driver of economic and environmental progress.
Looking beyond the conference, attention is now shifting to implementation, including finalising engineering designs, securing investment and linking suppliers with end users. The 2026 ETRA meeting marked a pivotal moment for Georgia’s industrial and environmental ambitions, with Akhvlediani, Tegeta Holding, Tegeta Green Planet and RECSOL LLC collectively steering the country towards becoming a contributing partner in Europe’s circular economy.
Pirelli’s Bespoke P ZERO Tyres Shine At DTM Opener
- By TT News
- April 28, 2026
Pirelli has marked a successful start to the 2026 Deutsche Tourenwagen Masters season, as the specially developed P Zero tyres for DTM’s GT3 cars received widespread praise from drivers and teams following the opening round at the Red Bull Ring in Austria. The weekend featured bright sunshine, mild temperatures, close competition and full grandstands, with German brands demonstrating absolute dominance on track. From Pirelli’s perspective, the event encapsulated the best possible debut for its exclusive tire technology.
The Red Bull Ring crowd witnessed two thrilling races. Saturday’s victory went to Thomas Preining of the Manthey team driving a Porsche, who secured the win after qualifying third in an exceptionally tight session. That qualifying session saw lap times surpass the 2023 track record, with eleven drivers finishing within less than one second of each other. Behind Preining, Luca Auer in a Landgraf team Mercedes-AMG finished second, followed by Maro Engel in a Ravenol team Mercedes-AMG in third.
Sunday’s race delivered another dramatic contest, with Engel taking the win after starting from fifth on the grid. Marco Wittmann in a Schubert team BMW climbed from ninth place to finish second, while Auer claimed third again. Spectators also enjoyed action from other Pirelli-partnered categories, including GT Masters, GT4 Germany and the FIA Formula Regional championship, which launched its season with a new generation of cars fitted with bespoke 15-inch Pirelli P Zero tyres developed exclusively for that series.
Matteo Braga, Circuit Activity Manager, Pirelli, said, "We are very satisfied with the performance of the new P Zero tyres for the DTM. It was not a given that already at the first race the drivers would be able to get the best out of the tyres, exploiting the performance optimised for this race format. We saw many different tyre strategies, which was one of the objectives set for us by the teams and the promoter during product development. Furthermore, the faster warm-up minimised the impact of pit stops, allowing drivers to defend their position more easily after the stop. There will certainly still be a great deal for everyone to learn: first and foremost on our side, as we gathered interesting data over the weekend, but also on the drivers' side, who will need to optimise the management of the mix between new and used tyres over the course of each event and throughout the seasonal carry-over."
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