![Trelleborg confirms acquisition interest from ‘external parties’](https://www.tyrepress.com/wp-content/uploads/2022/01/Flags-scaled.jpg)
Trelleborg confirms acquisition interest from ‘external parties’
Following our coverage of Yokohama’s offer for Trelleborg Wheel Systems, the tyre and wheel manufacturer’s Swedish parent company Trelleborg AB has confirmed that “external parties have shown interest to acquire Trelleborgs business area Trelleborg Wheel Systems”. At the same time, Titan International offered its view on third-party interest in Trelleborg Wheel Systems.
Continue Reading![More than just products: T&A speaks with TWS’ Paolo Pompei](https://www.tyrepress.com/wp-content/uploads/2021/12/CTIS-sml.jpg)
More than just products: T&A speaks with TWS’ Paolo Pompei
Tyre makers have a lot on their minds these days. In addition to experiencing an extraordinary couple of years that began with a virus and then mutated into a succession of rising input prices, they also need to think far beyond the traditional product development cycle. Legislation and end user expectations are driving manufacturers to explore new materials and achieve greater sustainability, while at the same time evolving technology means a growing focus upon connectivity and services. We recently caught up with Paolo Pompei to find out how Trelleborg Wheel Systems (TWS) is addressing these key issues.
Continue Reading![Goodyear unveils new climate ambition](https://www.tyrepress.com/wp-content/uploads/2021/12/generic01.jpg)
Goodyear unveils new climate ambition
The Goodyear Tire & Rubber Company has announced a goal of reaching net-zero value chain greenhouse gas (GHG) emissions by 2050, aligned with the Science Based Targets initiative (SBTi) and its new Net-Zero Standard. The company also announced its commitment to achieve near-term science-based targets by 2030, and in 2022 will submit both targets to SBTi for independent validation.
Continue Reading![Maurice Taylor: Don’t overlook Titan](https://www.tyrepress.com/wp-content/uploads/2021/12/Goodyear-LSW-sml.jpg)
Maurice Taylor: Don’t overlook Titan
On 14 December, Tyrepress.com shared information from sources who anticipate a Yokohama Rubber bid to acquire Trelleborg Wheel Systems. While the parties involved have neither confirmed nor denied such a transaction, the chairman of Titan International Inc. (TWI) has commented on a deal he apparently views as problematic.
Continue Reading![Hankook participating in Project TREE](https://www.tyrepress.com/wp-content/uploads/2021/12/hankook-project-tree-1.jpg)
Hankook participating in Project TREE
Project TREE is the first attempt to establish natural rubber traceability using blockchain, and the UK is the first market where consumers can buy tyres containing verifiable sustainable rubber. Following the launch of traceable Pirelli tyres earlier this month, Hankook Tire & Technology is now distributing tyres manufactured through the project.
Continue Reading![Bridgestone named Fisker service partner for France & Germany](https://www.tyrepress.com/wp-content/uploads/2021/12/Fisker-Ocean-sml.jpg)
Bridgestone named Fisker service partner for France & Germany
After recently selecting Bridgestone as exclusive tyre partner for its upcoming Ocean all-electric SUV, Fisker Inc. has signed a Memorandum of Understanding (MOU) that covers Bridgestone’s provision of comprehensive aftersales and related maintenance solutions, beginning in France and Germany. Bridgestone will leverage its retail and service network to provide aftersales services to Fisker customers in these countries through the Speedy, Pitstop and Reiff-ABS networks.
Continue Reading![Triangle Tyre launches product app](https://www.tyrepress.com/wp-content/uploads/2021/12/Triangle-Tyre-App.jpg)
Triangle Tyre launches product app
Triangle Tyre has a new app-based catalogue for European markets. Downloadable from the Google Play or Apple stores (Android version 8.0 and iOS 13 or above required), the Triangle Tyre app covers all product segments, from passenger to commercial and earthmoving tyres. The tyre maker promotes the app as an ideal tool for distributors, retailers, sales representatives and fleet managers who need information at their fingertips.
Continue Reading![Prinx Chengshan expecting 50% drop in net profit](https://www.tyrepress.com/wp-content/uploads/2021/12/generic01.jpg)
Prinx Chengshan expecting 50% drop in net profit
Prinx Chengshan Holdings Limited and its subsidiaries have issued a profit warning to shareholders and potential investors. The company’s Board of Directors informs that although they anticipate group revenues for 2021 increasing by approximately 20 per cent year-on-year (2020 revenue: 6.28 billion yuan), they project that net profit will decline by approximately 50 per cent year-on-year, to an expected 260 million to 330 million yuan (£30.8 million to £39.1 million).
Continue Reading![Autodoc breaks the billion-euro sales barrier](https://www.tyrepress.com/wp-content/uploads/2021/12/Autodoc-knackt-Umsatzmilliarde.jpg)
Autodoc breaks the billion-euro sales barrier
Autodoc, the Berlin-based online automotive parts retailer, just got an early Christmas present. The company, which was founded 13 years ago and now has around 4,600 employees in Germany, Poland, Ukraine, Moldova and Russia, reports that sales have exceeded the 1 billion euro mark this year.
Continue Reading![Varta expands executive board to include Technology Department](https://www.tyrepress.com/wp-content/uploads/2021/12/Varta-CTO-scaled.jpg)
Varta expands executive board to include Technology Department
Battery manufacturer Varta AG has enlarged its executive board to include Rainer Hald, the company’s 52-year-old Chief Technology Officer (CTO) as the third member of the body alongside Armin Hessenberger (CFO) and the Chairman, Herbert Schein (CEO) effective 1 January 2022.
Continue Reading![From tyres to flying cars – Nexen Tire fund invests in ANRA Technologies](https://www.tyrepress.com/wp-content/uploads/2021/12/Next-Century-sml-1.jpg)
From tyres to flying cars – Nexen Tire fund invests in ANRA Technologies
Next Century Ventures (NCV), the corporate venture capital fund established by Nexen Tire and holding company Nexen Corp in March 2021, has selected Urban Air Mobility (UAM) as the first target for taking Nexen’s mobility ambitions beyond tyres. Its initial investment in ANRA Technologies is a deal that should hearten those patiently awaiting the arrival of flying cars.
Continue Reading![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”.
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