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As of 1 May, Triangle Tyre has strengthened its team within our region with the appointment of Luca Mai as OTR director, Europe. Mai joins Triangle Tyre from Marangoni, where he worked for 18 years, most recently as sales director for TBR and OTR tyres.
Paolo Roversi has been given the remit of snapping pics for the 2020 Pirelli Calendar. The Italian-born, Paris-based photographer brings half a century of experience to the role. Pirelli comments that Roversi is “considered one of the most talented contemporary photographers, above all for his style which is personal and highly recognisable.”
Bahri Kurter has been appointed Nokian Tyres’ new senior vice president, Central Europe. The tyre maker reports that he will take up the position in July 2019 at the latest, joining Nokian Tyres from Groupe SEB, where he was general manager D-A-CH (Germany, Austria and Switzerland). Previously, Kurter served in various leadership positions at Puma, Nike and Procter & Gamble.
In 2021, Formula 1 will bid farewell to 13-inch rims and tyres with chubby sidewalls, with the switch to an 18-inch dimension taking place that season. The onus falls upon exclusive tyre supplier Pirelli to develop rubber for the 2021 F1 cars, and Pirelli says its development will be greatly aided by the adoption of the 18-inch tyre size in ‘feeder’ series Formula 2 from 2020.
European FinTyre Distribution (EfTD) has grown at a rate of knots since Bain Capital first acquired Italian tyre wholesaler Fintyre in the first quarter of 2017. At the time, Bain Capital Private Equity managing director Ivano Sessa stated his confidence in Fintyre’s “substantial growth potential both organically and through consolidation in a fragmented Italian and European tyre distribution market,” and later on the private equity fund put its money where its mouth was.
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Nexen Tire has a new R&D hub – the Nexen Central Research Institute, or Nexen univerCITY. Located in the Magok Industrial Complex in Seoul, South Korea, the 57,000 square metre facility will act as a research and development hub for Nexen Tire’s centres in the USA, Europe and China. More than 300 people attended an official opening ceremony for the Nexen univerCITY late last month.
MMEC Mannesmann GmbH (MMEC), a global leader in engineering, procurement and construction (EPC) and Black Bear, the Dutch tyre to carbon black upcycling company, today announced a strategic partnership to accelerate the rollout of Black Bear’s technology to produce recovered Carbon Black (rCB) from end-of-life tyres.
Prometeon Tyre Group has signed an agreement for the amendment, restatement and extension of its 600 million euro senior financing, underwritten in March 2017, originally with a three-year duration. The new agreement allows the extension of the final maturity to March 2021 (with the possibility to further extend it to March 2022 at Prometeon’s discretion) at conditions in line with the current market. By signing the agreement Prometeon says it has secured the financial resources for the implementation of its 2019-2021 business plan.
A new strategic business partnership between Al Dobowi and GRI has been set up to facilitate the distribution of the GRI off-highway tyre brand in Middle Eastern and African markets. The partnership was officially launched at a function in Dubai on 29 April.
Tyre repair material and tyre pressure monitoring system specialist Italmatic has launched its latest generation of aftermarket TPMS solution. With the Italsensor 3.0evo, Italmatic aims to “raise the standards in the TPMS aftermarket.” Italsensor 3.0evo is suitable for use with 99 per cent of the European car parc and is programmable through most popular tools, including ATEQ.
For the past eight years, Hankook Tire has acted as exclusive tyre partner for the DTM touring car series. This year, the tyre maker is complementing its DTM commitment with involvement in four further championships – the Formula Renault Eurocup, Belcar Series, Mini Challenge Italia and the new, all-female W Series.
Bahraini national airline Gulf Air has announced its selection of Michelin to equip every aircraft type within its fleet with tyres. Michelin’s supply to Gulf Air includes fitment on its new fleet of Boeing 787-9 Dreamliner, Airbus 320neo and Airbus 321neo planes.
Michelin is partnering with the United Arab Emirates’ Ministry of Infrastructure Development on a pilot project to pave roads with a ‘rubber asphalt’ produced from a mixture of concrete and rubber recycled from end of life tyres. The Ministry announced yesterday that a two-month trial of the new mixture will begin next week.
For the third consecutive year, Giti Tire is bringing is truck tyre technology to the track. Its truck racing presence kicked off this year with an appearance at Brands Hatch Circuit over the Easter weekend.
The Korea Fair Trade Commission (KFTC) announced today that it has fined Kumho Tire and Nexen Tire for forcing South Korean retailers to sell tyres at or above specific set prices.
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