Bridgestone ranked as No.1 global tire company

Updated 07 November 2018

Bridgestone ranked as No.1 global tire company

Bridgestone continues to rein as the world leader in the tire industry for the 10th consecutive year. The largest tire manufacturer in the world has been recognized as the No.1 global tire company, following the release of the 2018 Global Tire rankings by Tire Business. 

Bridgestone’s industry-wide dominance was accredited on the basis of their revenue from the sale of tires. Companies from around the world were ranked using a rigorous selection process, excluding items such as third-party sales of steel cord, synthetic rubber or carbon black, as well as estimates for non-tire items such as auto service-related revenue at company-owned retail stores.

Mete Ekin, regional managing director, Bridgestone MEA, said: “This is truly a significant achievement and we’d like to extend our appreciation and gratitude to Tire Business for recognizing our work for the 10th consecutive year. Needless to say, this decade-long recognition would not be possible without our extensive global workforce of close to 143,000 members, valuable business partners and our loyal consumers themselves.”

”In our ever-changing world, we see social, economical, and technological opportunities evolving and shaping the future of mobility. This accomplishment is a testimony to our commitment toward continuous innovation and to become ‘Dan Totsu’ — to be the clear and absolute leader in mobility solutions,” he added. 

King Abdullah Port throughput up by 36%

The number of vessels received by the port increased to 911 vessels, a 12 percent increase compared to 820 vessels in 2017.
Updated 21 January 2019

King Abdullah Port throughput up by 36%

The annual throughput of King Abdullah Port increased to 2,301,595 TEUs by the end of 2018, an increase of more than 36 percent compared to 2017. This maintains its position as the second largest port in the Kingdom in terms of container handling. 

Since its inception in the last quarter of 2013 the number of containers handled by the port has reached 7,227,859 TEUs. The port’s management stated that the annual increase in throughput was primarily achieved in conjunction with an 8 percent increase in imports and exports compared to 2017.

King Abdullah Port CEO Rayan Qutub said: “King Abdullah Port constitutes a real success story in public-private sector partnerships in light of the increasingly outstanding figures it achieves year after year. The port has become the leading driver in the maritime shipping and logistics services sector in terms of building knowledge, launching initiatives and supporting various activities in this sector.”

He added: “King Abdullah Port aspires to support the Kingdom’s economic development and enhance its competitiveness by increasing the efficiency of logistics services and supporting trade movement between the Kingdom and the rest of the world in line with Vision 2030. The latter would occur through the provision of state-of-the-art infrastructure and advanced logistics services to become a landmark on the maritime and logistics services map in the Kingdom and the region.”

Referring back to the 2018 results, Qutub said: “We achieved a record 50 percent increase in container handling in the first half of 2018, and we are moving forward with our development plans to provide best practices in the fields of port development and operation as well as supporting logistical services. This will increase the Kingdom’s competitive advantage on the logistics services index, and in turn effectively contribute to achieving the logistical objectives of the Kingdom’s Vision 2030.” 

The results achieved by King Abdullah Port in 2018 include an increase in transshipment volume reaching 1,847,569 TEUs, which is a 44 percent increase compared to 2017. Meanwhile, the number of vessels received by the port increased to 911 vessels, a 12 percent increase compared to 820 vessels in 2017. 

The port features state-of-the-art facilities including 18-meter water berths, which are the deepest in the world, and the world’s largest and most advanced cranes, which employ the latest technology and feature a 65-ton lifting capacity as well as a handling capacity of 25 containers. Such facilities enable the port to serve giant container vessels now and in the future.