Ernst Prost to stand down as Liqui Moly CEO
Ernst Prost, CEO of German oil specialist supplier Liqui Moly, has announced that he will be leaving the company on 22nd February 2022; the date of his 65th birthday. Prost has been with the company for 31 years and, in an often-emotional open letter to colleagues, he says that “it feels as though I’m leaving my great love, knowing full well that I’ll miss her terribly.”
Continue ReadingExports drive Rosava’s rising sales
A focus on export markets seems to be delivering results for Ukrainian tyre maker Rosava. The company is developing a “niche strategy focused on the European and US markets,” and reports that exports have grown to 61 per cent of total sales in the first half of 2021, up from 45 per cent in the first half of 2018. “This is possible due to the continuous upgrading, expansion of the tyre range and improvement of rubber compounding based on international standards,” shares the tyre maker.
Continue ReadingContinental testing prototype tyres for electric trucks
Electric propulsion is becoming increasingly attractive for heavy vehicle operators, and Continental is thus working together with truck and bus manufacturers on tyre solutions that meet these vehicles’ specific requirements. It is currently conducting testing at its Contidrom facility in northern Germany with an electric truck made by electric commercial vehicle specialist Futuricum.
Continue ReadingToyo Tires renews partnership with AIG Women’s Open
For the third consecutive year, Japanese tyre manufacturer Toyo Tires is partnering with the AIG Womens Open golf championship as an exclusive patron. This years championship will take place at Carnoustie Golf Links in Scotland from 19 to 22 August.
Continue ReadingLMPH2G hydrogen racer coming to Goodwood with Michelin
The GreenGT LMPH2G is making make its UK debut at this year’s Goodwood Festival of Speed. The hydrogen-powered MissionH24 endurance race car will contest the hillclimb and be showcased on the Michelin Supercar Paddock stage every day of the four-day event.
Continue ReadingOrion Engineered Carbons announces EMEA carbon black price increase, settles with Evonik
Orion Engineered Carbons S.A. has announced that it is increasing the prices of all its rubber carbon black products sold in the EMEA region effective 1 August 2021 or “as permitted by customer contracts”.
Continue ReadingLondon-based dealer amongst Q2 2021 TruckForce awardees
Goodyear has announced the next five TruckForce Excellence Award titleholders. Winners of the 2021 Second Quarter Goodyear TruckForce Service Excellence Awards include service partners in the United Kingdom, Poland, France, Hungary and Spain.
Continue ReadingMichelin owns 20% of Scandinavian Enviro Systems again after capital increase
Michelin once again owns 20 per cent of the shares in Scandinavian Enviro Systems (Enviro) following the dilution of its holding in May as a result of the completed new issue. The increase in its holding resulted from Michelin, via its subsidiary, acquiring two million of the shares that were issued in May to Unwrap Finance AB. Enviro has no information about the purchase consideration or the acquisition price.
Continue ReadingCamfin increases its stake in Pirelli to 14.1%
Camfin S.p.A. (Camfin) and Longmarch Holding S.à.r.l. (Longmarch), an investment vehicle owned by the Chinese Niu family which owns Chinese tyremaker Hixih, have entered into an agreement concerning the acquisition of shares in Camfin shareholding by Longmarch. The agreement represents the fulfilment of an April 2020 accord between Camfin and Longmarch, which included a call option for 4.89 per cent of Pirelli and means Camfin now owns 14.1 per cent of Pirelli.
Continue ReadingTitan International joins Russell 3000 Index
Titan International, Inc., manufacturer of the Goodyear Farm Tires range, has become a member of the broad-market Russell 3000 Index, effective after the US market opened on 28 June. Global index provider FTSE Russell added Titan as part of the 2021 Russell indexes reconstitution.
Continue ReadingToyo Tire prepares for Serbia plant start with structural change
Toyo Tire Corporation shares that as of 1 July 2021, its Europe Project Development Department will cease being directly managed by the company’s Business Headquarters and will be transferred to the Production Headquarters, where it will be placed under the Headquarters Division.
Continue ReadingHankook & Company signs MOU with KAIST to build data infrastructure platform
Hankook & Company Co., Ltd., the holding company of Hankook Tire & Technology Co., Ltd., has expanded its cooperation with the Korea Advanced Institute of Science and Technology (KAIST) through the signing of a memorandum of understanding with its College of Engineering. This latest MoU centres on the ‘Symbiotic Transformation for AI-infused Reality (STAR) Project’ and seeks to “build a data infrastructure platform and strengthen cooperation in researches for the post-AI age.” One potential outcome of this collaboration is that data will later be used in Hankook’s tyre research and development.
Continue ReadingLast-mile delivery: Bridgestone considering van tyre retreading
Bridgestone Corporation is working to incorporate additional sustainability into its business model. Alongside plans to establish and build up a recycling business, retreading remains a key part of these efforts and features in the company’s plans to invest 700 billion yen (£4.6 billion) in strategic resources by 2023. To expand retreading activities, Bridgestone is looking at other segments besides commercial truck and OTR tyre retreading.
Continue ReadingMobox: Bridgestone aims to grow car subscriptions twentyfold
The mobox all-inclusive monthly tyre subscription service debuted in the UK in 2020, several years after Bridgestone first piloted the model in France. Bridgestone now intends to increase the global number of mobox subscription contracts twentyfold (compared to 2019) by 2023. While additional subscriptions in Europe will aid this expansion, the company will primarily achieve growth by rolling out the European mobox model in the USA and Japan.
Continue ReadingBridgestone releases 2020-2021 Sustainability Report
Bridgestone Corporation has published its 2020-2021 Sustainability Report, a document it describes as “an important milestone” on its “ongoing journey to provide social and customer value as a sustainable solutions company.” The report outlines the steps Bridgestone has taken over the past year and contains detailed information about its Mid-Long Term Business Strategy, Sustainability Business Framework, Mid Term Business Plan (2021-2023), and CSR activities.
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