Continental marks Thailand milestones
This month, Continental commemorates 15 years since the inception of its tyre business in Thailand and five years of tyre production at its Rayong plant. With an investment of 250 million euros in the eastern region of the country, the manufacturer has established a facility that employs 900 local workers and has annual production capacity of 4.8 million passenger and light truck tyres, alongside motorcycle tyres, and caters to both original equipment and replacement sectors.
Continue ReadingMichelin reports 4.6% lower Q1 2024 sales
Michelin Group has disclosed its financial results for the first quarter of 2024, reporting total sales amounting to €6,642 million. This figure marks a decline of 4.6 per cent compared to the corresponding period in the previous year. The decrease in sales can be attributed to various factors, including a decline in tyre volumes, driven by weaknesses in certain markets, including construction and agricultural tyres, as well as mining tyre inventory drawdowns.
Continue ReadingContinental fined 100 million euros for powertrain division issue
The public prosecutor’s office in Hannover, Germany today issued Continental AG a fine totalling 100 million euros. Proceedings relate to a “negligent breach of supervisory duties” within the company’s former powertrain division in connection with the supply of engine control units and engine control unit software (including for the VW EA189 1.6l). The fine consists of 5 million euros in penalties and a 95-million-euro levy of economic benefits.
Continue ReadingTPMS changes a positive step, says Goodyear
New legislation applicable to Tire Pressure Monitoring Systems (TPMS) will come into effect within the European Union from 7 July. The new law outlines the minimum operating standard for TPMS devices, including the data that’s displayed to drivers in real-time.
Continue ReadingDavid Geraghty appointed moveero CEO
David Geraghty has been appointed Chief Executive Officer (CEO) industrial and OTR wheelmaker moveero with immediate effect. Geraghty brings over 25 years’ experience in senior roles with multi-national, multi-billion-dollar organisations to the business, including his most recent position as president of Yokohama Off Highway Tires (YOHT), America, responsible for Aftermarket and OE operations.
Continue ReadingC. L. Tyres, Fork Truck Tyres appoint liquidator
After a couple of years of rapid expansion, C. L. Tyres and Fork Truck Tyres, which the industrial tyre distributor acquired last year, have voluntarily appointed liquidators. According to official documents filed with Companies House on 24 April 2024, C. L. Tyres made an “extraordinary resolution to wind up” on 10 April 2024.
Continue ReadingMorrocco first – Sentury Tire redirects funds earmarked for Spanish plant
Sentury Tire has disclosed that it will invest the approximately RMB 2.8 billion (£313 million) it raised to set up a factory in Spain in the construction of its Moroccan plant instead. The motivation behind this decision, says Sentury Tire, is that while the facility in Spain is still in the “approval process” with no clear indication of when this will conclude, the tyre plant in Morrocco is “progressing well” and has a greater need for capital expenditures.
Continue ReadingETRMA publishes #TRACTION4CHANGE Manifesto
The European Tyre and Rubber Manufacturers’ Association (ETRMA) has released its Manifesto for the legislative period of 2024-2029, titled “#TRACTION4CHANGE: A shared agenda for a competitive, secure, and inclusive Europe.” This manifesto advocates for strategic initiatives aimed at bolstering the industrial competitiveness of the sector while emphasising its crucial role in advancing zero-emission mobility, circularity, and sustainability.
Continue ReadingFalken adjusting prices from 1 June
Falken Tyre Europe shares that it will “implement structural price adjustments across Europe” from 1 June 2024. These changes affect the Falken and Sumitomo tyre brands in different product segments. The company has shared no details regarding specific price adjustments.
Continue Reading8 in a row: Maxxis a GM Supplier of the Year, again
Maxxis is a GM Supplier of the Year for an eighth consecutive year. GM recognised the tyre maker at an event honouring the company’s top global suppliers for 2023.
Continue ReadingMichelin partnering in nanofibrous material research
On 15 April, Michelin, the CNRS, and the University of Strasbourg inaugurated the SpinLab associated research laboratory. This Strasbourg-based endeavour is dedicated to the study of the electrospinning process for the optimal production of nanofibrous materials. Over four years, these teams will collaborate to develop an innovative electrospinning platform, with the aim of creating novel and distinctive fibrous materials tailored for diverse applications, including tyres.
Continue ReadingLiving wage, benefits & learning opportunities for Michelin employees
Michelin has introduced a number of measures aimed at fostering “social and societal cohesion.” The company intends to guarantee all Michelin employees worldwide a ‘living wage’ and ‘universal social protection floor’. It is also implementing what it calls a ‘lifelong learning approach’.
Continue ReadingGoodyear begins Drive Results Tour 2024
In order to provide fleet operators an opportunity to gain experience about its end-to-end offering, Goodyear is fielding both its flagship mobile showroom truck as well as a fleet of Drive Results Vans as part of the Drive Results Tour 2024. During the tour, Goodyear says its experts will provide tangible examples of how Goodyear Total Mobility suite of products, solutions, and services can maximise efficiency, competitiveness, and sustainability for fleets.
Continue ReadingYokohama breaks ground on new Mexico tyre plant
On 15 April The Yokohama Rubber Co. Ltd. (YRC) broke ground for its new consumer/light truck tyre plant at the Alianza Industrial Park in Saltillo, Coahuila, Mexico. The event was attended by state and local officials, as well as management from Yokohama companies, including YRC chairman and CEO Masataka Yamishi; Yokohama Corporation North America (YCNA) CEO Shinichi Takimoto; and Yokohama Tire Corporation (YTC) president and CEO Jeff Barna.
Continue ReadingTorque Tyres TBR range now 100% made in Vietnam
The entire Torque Tyres truck and bus radial tyre portfolio is now being manufactured in Vietnam. Announcing the shift of TBR production to this location, Torque Tyres states that the change will benefit members of the Torque Dealer Network by “making products more affordable while maintaining the same high standards of quality” that partners have grown to expect over the past ten years.
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