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Providing an update on its USA factory project, Nokian Tyres reports it is on schedule to begin producing tyres at the Dayton, Tennessee site in 2020. Progress made so far on the facility’s construction, it adds, has been “significant”.
As reported yesterday, wage negotiations between management at Hankook Tire’s factory in Rácalmás, Hungary and the union representing plant workers have reached a stalemate. Today, the Federation of Chemical Workers of Hungary (VDSZ) announced the start of an indefinite strike at the factory.
In 2017, Michelin stated that hydrogen “ticks all the boxes” for its vision of sustainable mobility. The company’s activities in this area are now moving forward with the signing of a Memorandum of Understanding to create a new joint venture that will bring together all of Michelin’s fuel cell related activities, including its subsidiary Symbio, with those of automotive parts manufacturer Faurecia.
A new replacement tyre option exists for owners of classic cars, particularly Japanese models from the 1960s and 70s. The Yokohama G.T. Special Classic is being launched this summer in European markets in three sizes – 165/80R15 87H, 175/80R14 88S and 165/80R14 85S.
On Friday, Michelin announced its acquisition of 88 per cent of Indonesian tyre maker PT Multistrada Arah Sarana TBK (Multistrada) for US$480 million. The share purchase was completed in line with the terms announced on 22 January 2019 and after obtaining all necessary approvals. As part of the transaction, Michelin also takes on a 20 per cent stake in the tyre retail and automotive service chain PT Penta Artha Impressi, as well as 50 hectares of land.
The trade union representing workers at Hankook Tire’s factory in Hungary warns further strikes will take place unless pay rise demands are met. In a statement, the Federation of Chemical Workers of Hungary (VDSZ) warns that strikes could occur as soon as today.
Alloy wheel manufacturer Borbet intends to invest around 5 million euros in the expansion and modernisation of its Bad Langensalza plant in Germany. According to local media sources, the project includes the installation of a pad printing centre. This facility will enable Borbet to keep abreast of the trend towards more individualised rims. Construction work is expected to be completed in June.
Former Michelin executive Stan Chandgie has been named vice-president of consumer sales at Yokohama Tire Corporation. He replaces Larry Kull, who was has become vice-president of sales and business operations within Yokohama Rubber’s North American operation.
Another tyre test from the Auto Bild family of magazines. This time, Auto Bild Sportscars has looked at 11 products in the size 245/45 R18 100W/Y. The exercise was happily free of major dramas, with testers Henning Klipp and Dierk Möller not reporting any serious safety issues amongst the candidates.
Recent convictions of retailers across the UK highlight the potential risks unsuspecting motorists take when buying part worn tyres. These cases in Scotland and London followed investigations by Trading Standards and TyreSafe into the sale of dangerous and illegal tyres. In each instance, the retailers faced stiff penalties and fines totalling thousands of pounds.
A new member of the Yokohama Advan range is coming our way. Starting in spring, Yokohama Rubber will offer the Advan Neova AD08RS in European markets. This street sports tyre will eventually be sold in 31 sizes, ranging from 185/55R15 82V to 255/30R19 91W.
It may not be the best-selling Korean tyre brand worldwide, but at home Kumho outsells its domestic rivals. Data from the Korea Tire Manufacturers Association (KOTMA) indicates that 6.52 million replacement market Kumho tyres were sold in South Korea in 2018. This is more than 40 per cent of all locally-made tyres sold in the country.
The Yokohama Geolandar X-MT, a chunky-treaded tyre already seeing action on SUVs and pick-ups in North America, is poised for release in Europe. Starting spring 2019, the Geolandar X-MT will be available here in six sizes.
BKT has big plans for next month’s Bauma show – the off-highway tyre specialist is getting ready for the global debut of its largest tyre ever at the construction machinery trade fair.
India-based tyre maker JK Tyre & Industries Ltd. reports the appointment of Sanjeev Aggarwal as the company’s new chief financial officer. He commenced this role on 18 February, taking over from Ashok Kumar Kinra. Aggarwal, a Chartered Accountant, brings more than 27 years of experience in financial and related functions across various sectors.
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