![Ukraine conflict: Michelin pausing some European production](https://www.tyrepress.com/wp-content/uploads/2022/03/michelin-sign-logo-sml.jpg)
Ukraine conflict: Michelin pausing some European production
The crisis currently unfolding in Ukraine is placing logistics and transportation in Europe under strain, and like many manufacturers, Michelin Group is facing “major” issues supplying its plants and delivering to customers. The company says it will work to “optimise operations and adapt flow management” by stopping production at some of its European plants for a few days in the coming weeks. Each site will decide specific duration and implementation.
Continue Reading![Continental: Russian tyre raw material supply will ‘gradually deteriorate’](https://www.tyrepress.com/wp-content/uploads/2022/03/the-flagpole-2877540_1920.jpg)
Continental: Russian tyre raw material supply will ‘gradually deteriorate’
In light of the ongoing war in Ukraine and the resultant sanctions against Russia, Tyres & Accessories asked the well-known automotive supplier and premium tyre manufacturer for its perspective on the situation. In response, an official statement from the Continental Tire Group Sector explained: “We are following the war against the Ukraine with great concern. Our thoughts are with the people affected and we hope that the combat operations end as quickly as possible.”
Continue Reading![Titan: Russia-Ukraine war hasn’t impacted global operations](https://www.tyrepress.com/wp-content/uploads/2022/03/xpro.jpg)
Titan: Russia-Ukraine war hasn’t impacted global operations
OTR tyre specialist Titan International, which owns the Voltyre-Prom tyre manufacturing operation in Russia, is bracing itself for “the potential impact of bans, sanction programs, and boycotts…” due to Russia’s recent invasion of Ukraine. However, deep in the detail of Titan’s strong fourth-quarter 2021 reports which were published today (3 March 2022), executives affirm that “the impact of the military conflict between Russia and Ukraine has not had a significant impact on global operations”.
Continue Reading![Bridgestone tyre factories hit by cyberattack in the Americas](https://www.tyrepress.com/wp-content/uploads/2022/03/bridgestone-warren-plant-exterior.png)
Bridgestone tyre factories hit by cyberattack in the Americas
A number of Bridgestone’s tyre factories in North and South America have been hit by cyberattacks resulting in production shutdowns. Some sources have even suggested that the actions are linked to the war in Ukraine.
Continue Reading![Liqui Moly establishes UK subsidiary](https://www.tyrepress.com/wp-content/uploads/2022/03/Team_UK-scaled.jpg)
Liqui Moly establishes UK subsidiary
The oil and additive specialist Liqui Moly has now established the subsidiary Liqui Moly UK. “This will enable us to better exploit the potential offered by the British market,” says Salvatore Coniglio, Export Manager at Liqui Moly.
Continue Reading![Pirelli: Profits will remain in lower end of range, despite Russia-Ukraine crisis](https://www.tyrepress.com/wp-content/uploads/2020/04/pirelli-flag.jpg)
Pirelli: Profits will remain in lower end of range, despite Russia-Ukraine crisis
While announcing its latest financial results, Pirelli has shared details of the steps it has taken to mitigate the impact of the “Russia-Ukraine crisis”. Writing on 23 February, executives explained that Pirelli has conducted an initial analysis of the situation and steps required.
Continue Reading![“Bridgestone will change” – E8 Commitment launch](https://www.tyrepress.com/wp-content/uploads/2022/03/Bridgestone-E8.jpg)
“Bridgestone will change” – E8 Commitment launch
Today, Bridgestone Corporation launched its Bridgestone E8 Commitment towards 2030. This commitment consists of eight values that start with the letter E – energy, ecology, efficiency, extension, economy, emotion, ease and empowerment. The company says it will commit to these values in order to “realise a sustainable society.”
Continue Reading![Nokian moves selected tyre production out of Russia](https://www.tyrepress.com/wp-content/uploads/2022/03/Nokian-Tyres-Russland-2_tb.jpg)
Nokian moves selected tyre production out of Russia
In light of the Russia-Ukraine war, Nokian has established a crisis management team to safeguard staff and production at its Vsevolozhsk, Saint Petersburg, Russia tyre factory and is relocating the production of certain tyre lines to Finland and the US. Nokian employs 1,600 people in Russia. Net sales in the company’s Russia & Asia business unit amounted to 336 million euros in 2021.
Continue Reading![Sanction-hit tyremaker Belshina patriotic amid war in Ukraine](https://www.tyrepress.com/wp-content/uploads/2022/02/16.05.14_serbia_exposition.png)
Sanction-hit tyremaker Belshina patriotic amid war in Ukraine
As the war between Russia and Ukraine entered its fifth day on 28 February, and as talks between the Russian and Ukrainian governments were set to take place, local news reports suggested that troops from nearby Belarus were set to enter combat. The significance for the tyre industry is that, as well as obvious and tragic implications for Ukraine and its domestic tyre business, there is now evidence that the conflict’s ramifications are reaching neighbouring countries. But where does Belarussia’s leading tyre manufacturer, Belshina, fit into this picture?
Continue Reading![Nokian Tyres drops 2022 guidance due to Russian invasion](https://www.tyrepress.com/wp-content/uploads/2022/02/vlez-tehdas.jpg)
Nokian Tyres drops 2022 guidance due to Russian invasion
Nokian has dropped its 2022 financial guidance as a result of the invasion of Ukraine by Russia where Nokian runs a tyre manufacturing plant in Vsevolozhsk, near Saint Petersburg.
Continue Reading![Ernst Prost says goodbye with 1,000 gifts to workforce](https://www.tyrepress.com/wp-content/uploads/2022/02/ernst-prost.png)
Ernst Prost says goodbye with 1,000 gifts to workforce
Simply retiring quietly would not be in keeping with the style of Liqui Molys Managing Director Ernst Prost, so in a typical gesture, on his last day at work, 22 February 2022, he gave each of his 1000 colleagues a gift.
Continue Reading![Vipal Rubber recognised for sustainable practices by EcoVadis](https://www.tyrepress.com/wp-content/uploads/2022/02/Vipal-Rubber-EcoVadis-scaled.jpg)
Vipal Rubber recognised for sustainable practices by EcoVadis
Vipal Rubber’s manufacturing units in southern Brazil have received recognition for sustainable practices. EcoVadis assessed the retreading materials supplier’s Nova Prata facilities, awarding it an additional two points versus its Silver-certificated inspection n 2019. Vipal said the sustainability of its operations, extending beyond the environment to focus on people too.
Continue Reading![Bridgestone publishes fleet tyre knowledge e-book series](https://www.tyrepress.com/wp-content/uploads/2022/02/2-Keeeping-you-on-the-road-pics.jpg)
Bridgestone publishes fleet tyre knowledge e-book series
Bridgestone has published a series of free, downloadable e-books designed to inflate commercial fleet operators’ tyre knowledge. The tyre and mobility solutions supplier has also developed a digital information hub from which to provide insights and tips about tyre maintenance and best practice advice. The Keeping You on the Road e-guides cover a number of common topics including the core functions of tyres; tyre care and maintenance and tyre components and their markings.
Continue Reading![Pirelli finalises 1.6 billion euro ESG bank line](https://www.tyrepress.com/wp-content/uploads/2022/02/Pirelli-board-room-sml.jpg)
Pirelli finalises 1.6 billion euro ESG bank line
In line with its prior announcement of 11 November 2021, Pirelli has finalised the signing of a five-year multi-currency bank line with a pool of primary national and international banks. This 1.6 billion euro line is benchmarked to the group’s ESG targets and will mainly enable:
Continue Reading![Kraiburg Austria records pleasing growth](https://www.tyrepress.com/wp-content/uploads/2022/02/KRAIBURG_Stefan-Mayrhofer_Holger-Duex_tb.jpg)
Kraiburg Austria records pleasing growth
Retreading specialist Kraiburg Austria has expressed satisfaction with its performance in 2021 and reports pleasing sales growth in all product segments. The company recorded sales of 75.5 million euros, a 13 per cent increase compared with the previous year.
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