![Birla Carbon closes US$750 million Sustainability Linked Loan](https://www.tyrepress.com/wp-content/uploads/2021/12/Birla-Carbon.jpg)
Birla Carbon closes US$750 million Sustainability Linked Loan
On 17 December, Birla Carbon executed a US$750 million Sustainability Linked Loan (SLL) with a syndicate of more than 15 banks and intends to use the proceeds from the loan to refinance its existing debts. Key Performance Indicators (KPIs) linked to the facility include: “direct CO2 intensity, bringing circular products to market, and an external rating of Sustainability”. The funds direct connection with “bringing circular products to market” could be interpreted as an indication that the company is willing to invest in technologies such as pyrolysis which seeks to recover carbon black from end-products such as tyres.
Continue Reading![Brembo shareholders approve new governance structure](https://www.tyrepress.com/wp-content/uploads/2021/12/Brembo-leaders-sml_web-e1640010660480.jpg)
Brembo shareholders approve new governance structure
The General Shareholders’ Meeting of Brembo approved its new corporate governance on 17 December 2021. In short, the move means, the previously-announced plans to Matteo Tiraboschi, executive chairman of Brembo S.p.A.; Daniele Schillaci, CEO; and Alberto Bombassei, chairman emeritus have been given the green light.
Continue Reading![e-jobsheet expands into France with CrossID partnership](https://www.tyrepress.com/wp-content/uploads/2021/12/Jean-Luc-Giusti-managing-director-of-CrossID--scaled.jpg)
e-jobsheet expands into France with CrossID partnership
French software and online applications company CrossID is integrating its point-of-sale (POS) and enterprise resource planning (ERP) technologies into CAM International’s TiDaeX online hub. By leveraging CAM’s open- e-jobsheet tyre service app, CrossID’s 320 tyre dealer customers will be able to update their stock in their core systems while offering automatic data sharing with their customers.
Continue Reading![GRI acquires Protyre in the Baltics](https://www.tyrepress.com/wp-content/uploads/2021/12/Protire-OEM-tire-fitment-scaled.jpg)
GRI acquires Protyre in the Baltics
GRI recently acquired specialty tyre company Protyre in the Baltics. GRI has previously bought Protyre in Estonia as well as Nortire in the region. Together they highlight GRI’s material handling, agriculture, and OEM growth strategy. According to Martynas Jankauskis, managing director, of GRI-owned Nortire, the synergy with GRI is poised to “increase its sales volumes by ten times in the Baltics”.
Continue Reading![Kwik-Fit and Stapleton’s owner ETEL buys leading tyre recycling firm Murfitts](https://www.tyrepress.com/wp-content/uploads/2021/12/Murfitts-Industries-plant-in-Lakenheath-Suffolk-scaled.jpg)
Kwik-Fit and Stapleton’s owner ETEL buys leading tyre recycling firm Murfitts
European Tyre Enterprise Ltd (ETEL), which owns leading tyre retail and wholesale operations Kwik-Fit and Stapleton’s, has agreed the acquisition of Murfitts Industries, the country’s leading tyre recycling company. ETEL is buying 100 per cent of Murfitts Group Ltd, the parent company of Murfitts Industries. Murfitts operates a national network recycling the equivalent of around 20 million car tyres per year. Murfitts, which processes and recycles tyres into granulate, has been a long-term provider of post-consumer tyre collection and recycling services to ETEL.
Continue Reading![Sailun: 7 million tyres sold in Europe and counting](https://www.tyrepress.com/wp-content/uploads/2021/12/Sailun-2021-e1639999645642.jpg)
Sailun: 7 million tyres sold in Europe and counting
As 2021 draws to a close, Sailun reports that it has sold 7 million tyres in Europe “and counting”. Sailun is the 16th largest tyremaker by turnover according to our 2021 ranking of leading manufacturers. The company’s newest production base, which is located in Cambodia, started making tyres on 21 November 2021.
Continue Reading![Continental purchasing rubber via HeveaConnect](https://www.tyrepress.com/wp-content/uploads/2021/12/continental_andrea_appel-sml.jpg)
Continental purchasing rubber via HeveaConnect
With immediate effect, tyre maker Continental will handle a portion of its natural rubber purchasing through HeveaConnect, a digital trading platform designed to ensure greater transparency and sustainability in the natural rubber supply chain. Reporting this new arrangement, Continental’s Dr Andrea Appel explains that the goal is to procure all materials from “responsible sources,” and that the key to achieving this “lies in innovative technologies and digitalisation, which can make a decisive contribution to transparency in complex supply chains.”
Continue Reading![China: Jilin Linglong begins truck tyre production](https://www.tyrepress.com/wp-content/uploads/2021/12/Linglong-Feng.jpg)
China: Jilin Linglong begins truck tyre production
A ceremony was held on Tuesday to mark the production of the first TBR tyre at the Jilin Linglong plant in Changchun, China, an event concluding the initial phase of work to set up truck and bus tyre manufacturing capacity in Linglong’s fifth local factory and seventh plant worldwide. Local officials and industry leaders, including management from major vehicle manufacturer China FAW, were on hand to witness this important milestone.
Continue Reading![Handball: Falken sponsoring Euro 2022](https://www.tyrepress.com/wp-content/uploads/2021/12/Falken-handball-sml.jpg)
Handball: Falken sponsoring Euro 2022
Falken Tyres has formed a new partnership with the European Handball Federation. As part of the deal – brokered by Infront – it will benefit from a tailor-made partner package for the 15th edition of the EURO tournament, which is scheduled to take place in Hungary and Slovakia between 13 and 30 January 2022.
Continue Reading![LSF wins Continental Challenge](https://www.tyrepress.com/wp-content/uploads/2021/12/LSF-team-sml.jpg)
LSF wins Continental Challenge
UK firm Low Sulphur Fuels Ltd. (LSF) is the winner of the second Continental Challenge for sustainable material solutions. The Amersham-based enterprise prevailed over more than 50 participants from across the world with its conversion technology that can produce low sulphur distillate from end-of-life hydrocarbon materials such as oils and tyres.
Continue Reading![Toyo Tire USA raising prices in February](https://www.tyrepress.com/wp-content/uploads/2020/10/tlo_biz83a-scaled-e1602237521703.jpg)
Toyo Tire USA raising prices in February
Toyo Tire U.S.A. Corp. will increase the dealer base prices on passenger car, light truck and commercial truck tyre patterns by up to 10 per cent. According to the company, the price increase is a result of continued increases in raw materials and logistics costs.
Continue Reading![Cooper integration milestone – production begins in Goodyear plant](https://www.tyrepress.com/wp-content/uploads/2021/12/mickey-thompson-race-sml.jpg)
Cooper integration milestone – production begins in Goodyear plant
Half a year after acquiring Cooper Tire & Rubber, Goodyear reports reaching a “historic integration milestone.” It has begun producing Mickey Thompson ET Front tyres at its Innovation Center Manufacturing (ICM) facility in Akron, Ohio. These are the first Cooper tyres manufactured at a Goodyear facility in the USA.
Continue Reading![Continental appoints EMEA, APAC regional replacement tyres heads](https://www.tyrepress.com/wp-content/uploads/2021/12/conti-managers.jpg)
Continental appoints EMEA, APAC regional replacement tyres heads
Continental has announced new heads for its passenger car and truck tyre replacement business in the EMEA (Europe, Middle East, and Africa) and APAC (Asia-Pacific) regions. Ferdinand Hoyos (45) will manage Continental’s EMEA replacement tyre business, while Dalibor Kalina (47) will take over Hoyos’s former role as APAC head. The appointees will take up their new positions on 1 January, 2022. Hoyos has been heading Continental’s replacement tyre business in the APAC region since 2018. He succeeds Philipp v. Hirschheydt (47), who is moving to Continental’s Automotive group sector.
Continue Reading![Tyre manufacturers to lose $2bn in OE revenues due to semi-conductor shortage](https://www.tyrepress.com/wp-content/uploads/2021/12/pexels-pok-rie-1432680-scaled.jpg)
Tyre manufacturers to lose $2bn in OE revenues due to semi-conductor shortage
Astutus Research says that the shortage of semi-conductors and other vital components will lead to $2 billion (around £1.5 billion) in lost original equipment tyre revenues in 2021. The analyst notes that demand for new cars is not a factor in the slump in OE stream sales versus expectations, and that a rebound is expected in the coming years when component supply has returned. Astutus Research is currently offering a new report series via Tyrepress, presenting tyre industry forecasts in the wake of Covid-19, which takes into account such dynamics. The series, entitled ‘Beyond Covid-19’ offers market leading data on global original equipment and replacement passenger car and light truck tyre segments. It also offers region-specific PCLT tyre data for Europe, the Americas, and Asia Pacific. A full summary of the 11 available PDF reports with accompanying Excel data-books is available here.
Continue Reading![Nexen Tire Europe raises prices](https://www.tyrepress.com/wp-content/uploads/2020/10/tlo_biz83a-scaled-e1602237521703.jpg)
Nexen Tire Europe raises prices
Nexen Tire is raising prices across its entire product range, effective 1 February 2022. According to the company, “rising raw material prices as well as freight and logistics costs” are behind the price hike. No details of the percentage increase have yet been released.
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