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In response to an article that The Korea Economic Daily published this morning, Kumho Tire has confirmed that it is considering establishing a new factory in Europe. The company indicates this interest in a disclosure to the Korea Stock Exchange but adds that it has not yet decided precisely how much it will invest in the project, nor its exact timing. Kumho Tire intends to supply further information within the next month.
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The Yokohama Rubber Co., Ltd. has announced plans to strengthen its capacity for supplying tyres to the North American market by building a passenger car tyre factory in Mexico. The company intends to invest up to US$380 million to build a plant with an annual production capacity of 5 million tyres.
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The Fortune brand is a relative newcomer in the UK commercial vehicle tyre market, but behind the range is one of China’s largest and fastest-growing tyre makers. Prinx Chengshan produces the entire Fortune truck tyre line-up in a state-of-the-art facility in Chonburi, Thailand, and recently invited distribution partners from the UK and Europe to see the technology behind this Industry 4.0 plant for themselves. This visit also served as an opportunity to forge stronger business ties as well as to present the latest products within the Fortune portfolio.
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A consulting agreement with Swedish firm GreenTech Recycling Tires AB gives Pyrum Innovations AG its first point of entry into the Scandinavian market. On the proviso that GreenTech’s financing is fully secured, Pyrum will invest up to 3 million euros in a joint venture SPV (special purpose vehicle) to build a pyrolysis recycling plant capable of processing 20,000 tonnes of end-of-life tyres annually.
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Thanuja Samaranayake has joined GRI as the tyre maker’s chief operating officer, effective 1 March 2024. Introducing the new COO, GRI describes Samaranayake as an “accomplished global operations strategist and sustainability leader” who has a “proven track record of driving revenue growth, enhancing supply chain resilience, and achieving sustainability goals across diverse industries.”
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Several tyre makers have sold their manufacturing operations in Russia since 2022; Yokohama Rubber has not. L.L.C. Yokohama R.P.Z. suspended operations at its Lipetsk passenger car tyre plant in March of that year due to issues with raw material procurement, resuming production in August 2022.
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Autozeitung recently conducted its summer tyre test for 2024, joining the ranks of evaluations by Auto Bild as well as European motoring clubs ADAC, ÖAMTC and TCS. The German motoring publication looked at nine brands of 225/45 R17 94W/Y XL tyres, mounting them on a BMW 1-Series and subjecting all to a range of tests in wet and dry conditions.
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During a ceremony held in China on 6 March, TÜV SÜD Group acknowledged Prinx Chengshan with certification that will “serve as a milestone” to “accelerate” the tyre maker’s entry into the European market. The certification agency awarded Prinx Chengshan the VECTO-based (EU) 2017/2400 carbon dioxide emissions and fuel consumption certification for three commercial vehicle tyre models sold in Europe under the Fortune and Austone brand names – AR 603, TH 135 and TH 155.
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Netherlands-based tyre company Magna Tyres confirms its presence as an exhibitor at this year’s The Tire Cologne in Germany, stating that participation in the tyre industry show aligns with its “ongoing brand image momentum in the heavy tyre market sector.” The Magna Tyres sales team will present a range of products for mining, earthmoving, industrial, port handling, crane operations and agricultural applications. They will also highlight two recent additions to the product line-up, the M-Truck tyre series and Magna’s proprietary Tyre Pressure Monitoring System.
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Visitors to three trucking events taking place in the UK this summer will have the opportunity to get better acquainted with the Hankook and Laufenn truck tyre ranges. In addition to continuing its support of the Devon and Cornwall shows, as of this year Hankook Tyre UK has announced its sponsorship of the Best of the Best event.
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Continental is beginning the search for a new chief financial officer after Katja Garcia Vila informed the company she won’t seek another term on the Executive Board following her current contract’s expiry in December 2024. Garcia Vila is taking this step as part of “her own career planning.”
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Sailun Group has announced plans to set up a factory in Indonesia capable of producing 3 million semi-steel radial tyres, 600,000 all-steel radials and 37,000 tonnes of OTR tyres annually. The company intends to invest US$251.44 million in the project, including $204.29 million to build the plant in Demak, Central Java.
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Introducing its ë-C3, Citroën invites us to “forget everything” we know about electric cars as this new model “challenges the rulebook” for European-designed and built B-segment vehicles. Citroën intends to debut the fourth generation C3 in the UK late in 2024, and may deliver cars with Goodyear tyres as standard. Citroën has selected the Goodyear EfficientGrip Performance 2 as an original equipment tyre for the new model.
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Apollo Tyres has officially launched its new Vredestein Ultrac Pro ultra-ultra-high-performance (UUHP) tyre. Available in 18- to 24-inch rim diameters, the tyre caters to a wide range of high-performance vehicles. As evidence of the Ultrac Pro’s performance credentials the tyre maker points to independent testing conducted by Applus+ IDIADA, and aesthetics come courtesy of Apollo Tyres’ collaboration with Italdesign, a partnership that celebrates its 25th anniversary this year.
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Under what it calls a “historic investment,” Bridgestone EMEA will increase production capacity, particularly for 18-inch and larger rim diameters, at its Burgos passenger vehicle tyre manufacturing site in Spain. The company intends to invest up to 207 million euros in a project that aims to “raise tyre manufacturing to the highest level of excellence and sustainability.”
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