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Goodyear sells Cooper Melksham land
20th December 2024The Cooper Tire & Rubber Company Europe Limited has confirmed the sale of land belonging to the Cooper Tire Melksham site today (Friday, 20 December 2024). The sale specifically relates to 38.5 acres of greenfield land in Melksham, Wiltshire.
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Michelin to leverage economies of scale with Multistrada privatisation
2nd January 2025Although 99.64% Michelin owned, Indonesian tyre maker PT Multistrada Arah Sarana Tbk is currently a public company. This will soon change, and to facilitate Multistrada’s delisting from the Indonesia Stock Exchange, Michelin has allocated funds of IDR 278.71 billion (£13.66 million) to conduct a tender offer. According to information disclosed by Multistrada on 29 December, Michelin intends to purchase the 0.36% stake owned by 646 public investors, 33,180,234 shares in total, for a tender offer price of IDR 8,400 per share.
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Comment
- Competition heats up in the Europe’s coldest tyre markets
- Looking forward: The enduring role of industrial tyres in the post-pandemic environment
- Sustainability, new European-orientated factories and EV tyres
- East meets West: The interplay between Far Eastern tyremakers and western markets
- Leading European tyremakers investigated as part of price-fixing investigation
After careful consideration, Linglong ‘refutes’ allegations as ‘fake news’
Following several reports in the German press relating to earlier allegations of worker mistreatment during the construction of Linglong’s Zrenjanin, Serbia tyre factory, which has led to truckmaker MAN’s suspension of tyre deliveries from Linglong, Linglong Inte
Continue ReadingTyres & Accessories launches new long-term analysis publication, Trends & Facts
Tyre Industry Publications, the publisher of the market-leading monthly magazine for tyre and wheel professionals, Tyres & Accessories, has produced a new special publication examining some of the long-term trends from the tyre business in detail. Trends & Facts takes a long-term view of topics such as the online tyre business, dynamics in the passenger car and light truck tyre segments, and the state of tyre manufacturing in Russia to take the temperature of the wider
Continue ReadingGerman taxpayers funding Indian tyre factory expansion
Tyre manufacturers have announced the closure of several factories within Germany in recent times, not least as a result of cost competitive competition from abroad. This has not stopped the Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a development bank indirectly owned by Germany’s federal and state governments, from providing JK Tyre & Industries Ltd with a long-term loan of 30 million euros to help it expand a plant in India.
Continue ReadingMichelin: The work at the heart of the Brembo cooperation is ‘breakthrough’ technology
T&A asks Serge Lafon, President of the Business Line Automotive Original Equipment at Michelin about access and commercialisation of the technology The news that Michelin and Brembo are cooperating on smart tyre and braking technology, which already points to a 4-metre improvement in stopping performance is quite a headline-grabbing in itself. But how is that […]
Continue ReadingVredestein extends summer tyre mileage by up to 30% with new Ultrac+
Apollo Tyres will launch the new Vredestein Ultrac+ summer tyre in January 2025, with a dramatic improvement in longevity over the outgoing Ultrac. Apollo says the new tyre delivers an increase in mileage of “up to 30 per cent” and a 3 per cent improvement in rolling resistance while maintaining its predecessor’s highly rated comfort and competitive wet and dry handling capabilities. The new Vredestein Ultrac+ range will extend
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