Sailun Group achieves EcoVadis silver sustainability rating
Sailun Group recently achieved the EcoVadis silver sustainability rating, placing the company among the top 15 per cent of businesses worldwide that participated in the evaluation. Sailun achieved bronze in 2023. The latest recognition follows the upgrade of Sailun Group’s MSCI ESG rating to BB.
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Pirelli secures top spot in Dow Jones Sustainability indices for 2024
Pirelli has once again claimed first place globally in the Auto Components and Automobiles sectors of the Dow Jones Sustainability World and Europe indices. The tyre manufacturer remains the only company in its industry to be included in both indices.
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Michelin to leverage economies of scale with Multistrada privatisation
Although 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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Ecovadis Gold award for Kumho Tire
Ecovadis has awarded Kumho Tire Gold in its Ecovadis Sustainability Rating. This places the tyre maker within the top five per cent of companies evaluated.
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Von Hirschheydt to head independent company following Continental Automotive spin-off
Continental has shared its concrete plan for the spin-off of its Automotive group sector. According to information discussed at a meeting held on Wednesday, the plan involves completing the spin-off of Automotive as a Societas Europaea compnay listed on the Frankfurt stock exchange by the end of 2025. The independent company will operate under a new brand, which Continental will launch by the end of April 2025, under the leadership of Philipp von Hirschheydt.
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Bridgestone gains Prince Michael Award for road safety programme
Established in 1987, the Prince Michael International Road Safety Award recognises innovation and achievement in enhancing road safety both in the UK and around the world. Bridgestone Corporation has become an awardee thanks to its Bridgestone Road Safety Program (BSRP) and was honoured at the Annual Awards Luncheon Ceremony held at The Savoy in London on 10 December. Prince Michael presented the award to Paul Choo, Chief Human Resources Officer, responsible for HR and CSR across Bridgestone Asia Pacific, India, China (BSAPIC), and Mei Ling Tan, Director, CSR, BSAPIC.
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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 International Europe d.o.o. representatives have responded with an official statement rebutting the allegations. The statement begins by highlighting that Linglong Europe is paying “great attention to all the allegations reflected in the press” before characterizing them as “old news” and even “fake news”: “we would like to emphasize that all allegations are old news and all the facts are twisted and crafted to make fake news to damage our reputation.”
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ZC Rubber inaugurates first phase of Indonesia tyre plant
At a ceremony involving more than 300 dealers and suppliers from around the world, as well as local and Chinese officials, ZC Rubber officially inaugurated Phase 1 of its PT. Matahari Tire Indonesia (MTI) plant yesterday. The factory, which is located in Kendal Industrial Park, Central Java, is ZC Rubber’s second plant outside China.
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China factory the start of Yokohama Rubber’s ‘1-year plant’ challenge
According to Yokohama Rubber, the groundbreaking ceremony held for its new Hangzhou Qiantang Yokohama Tire Co., Ltd. plant in China last Monday marks the start of construction of the first plant it is building under the ‘1-year plant’ challenge, the company’s strategy for growing its consumer tyre business. The aim of the 1-year plant challenge is to quickly construct efficient, low-cost manufacturing facilities to gain a “strong competitive position” within local markets, synergising Yokohama Rubber’s own experience with that of local partners.
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We take allegations very seriously – MAN on Linglong OE supply stop
MAN Truck & Bus has confirmed to Tyrepress.com that it stopped all delivery call-offs to Linglong Tire at the end of November, emphasising that “we take the allegations that human rights violations have occurred in this context very seriously.” Linglong first announced its original equipment tyre supply to MAN more than two years ago.
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Marangoni Meccanica negotiates terms with creditors, 25 jobs at risk
On 6 November, the board of directors of Marangoni Meccanica SpA filed a request to start the process making an arrangement with its creditors, according to our Italian sister publication PneusNews.it. Naturally, there is great concern on the part of the Fim Cisl and Fiom CGIL trade union representatives for the companys 72 employees.
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Nokian Tyres achieves production record at US plant
Despite market conditions it refers to as “challenging,” Nokian Tyres claims to have “set production records” at its North American factory in 2024, and also expanded its product range and grew market presence within the region. Monthly production highs in October and November contributed towards the “best year ever” at the 2019-opened Dayton, Tennessee factory.
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EUDR: European Parliament gives extra year to comply with deforestation rules
Companies will have one more year to comply with new EU deforestation rules after the European Parliament adopted the provisional political agreement with the Council to delay the application of the new rules by 546 votes to 97 with 7 abstentions. Large operators and traders will now have to comply with regulation from 30 December 2025. For “micro- and small enterprises” it will be another six months – from 30 June 2026. According to the European Parliament,” this additional time is intended to help companies around the world implement the rules more smoothly from the date of application, without undermining the objectives of the law.”
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Pyrum Innovations reaches important milestones at new & existing plants
A little over a year after first selecting a site near Germany’s border with Luxembourg for its second wholly owned waste tyre pyrolysis facility, Pyrum Innovations AG has progressed plans further by submitting approval documents relevant to Germany’s Federal Immission Control Act (BImSchG).
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Liqui Moly appoints new marketing director
On 1 January 2025, Liqui Moly marketing director Peter Baumann is retiring after 39 years. His successor is Marco Esser, who was previously deputy marketing director.
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