![Michelin to hold 90% shareholding in Enviro, Chile joint venture](https://www.tyrepress.com/wp-content/uploads/2020/10/tlo_biz83a-scaled-e1602237521703.jpg)
Michelin to hold 90% shareholding in Enviro, Chile joint venture
Further details of Scandinavian Enviro Systems’ cooperation with Michelin have been revealed alongside a formal notice ahead Swedish firm’s EGM on the subject of its strategic partnership with Michelin. They include an overview of: licensing rules, percentage ownership of the two companies Chile recycling joint venture and how much Enviro is investing in that project.
Continue Reading![Pirelli ‘maintaining’ UK tyre manufacturing after Burton MIRS line closure reports](https://www.tyrepress.com/wp-content/uploads/2021/02/Pirelli-Burton.png)
Pirelli ‘maintaining’ UK tyre manufacturing after Burton MIRS line closure reports
Pirelli has reaffirmed its commitment to “maintaining industrial operations” at both its Carlisle and Burton-on-Trent UK factories after unions suggested the company was about to close its MIRS robotic production line in Burton. According to Unite, which represents all 280 members of the Burton tyre factory workforce, Pirelli has proposed cutting 80 jobs. In a statement published on 11 February 2021, Unite criticised Pirelli for “not taking up the furlough scheme for these workers, instead of pushing ahead with the redundancies.”
Continue Reading![Ford investing $1 billion in European EV manufacturing](https://www.tyrepress.com/wp-content/uploads/2021/02/Ford-Cologne-electro-sml.jpg)
Ford investing $1 billion in European EV manufacturing
Every Ford passenger vehicle sold in Europe in five years’ time will be zero-emissions capable, all-electric or plug-in hybrid, and by 2030 the range will be completely all-electric. Similarly, Ford’s entire commercial vehicle range will be zero-emissions capable, all-electric or plug-in hybrid by 2024, with two-thirds of Ford’s commercial vehicle sales expected to be all-electric or plug-in hybrid by 2030.
Continue Reading![Yokohama Rubber selected for ESG indices](https://www.tyrepress.com/wp-content/uploads/2021/01/820_earth_glob.jpg)
Yokohama Rubber selected for ESG indices
The Yokohama Rubber Co., Ltd. has expressed pride in its inclusion in two stock indices that focus on companies with strong Environmental, Social, and Governance (ESG) practices – the FTSE4Good Index Series and the FTSE Blossom Japan Index. This is the 16th consecutive year that Yokohama Rubber has been included in the global FTSE4Good Index Series, and the company considers its continued selection further confirmation that its ESG activities and disclosure practices “meet the highest global standards.” It is also the fourth year in a row that Yokohama Rubber has appeared on the FTSE Blossom Japan Index.
Continue Reading![Liqui Moly profits halved in 2020](https://www.tyrepress.com/wp-content/uploads/2021/02/MD-Ernst-Prost-scaled.jpg)
Liqui Moly profits halved in 2020
Liqui Moly’s turnover increased by 7.1 per cent to a record 611 million euro in 2020. The United Kingdom, where Liqui Moly more than doubled its sales, played a particularly important role in this. Given the devastating effects of the pandemic on the global economy and the decline in global consumption of oil and fuel, this is a great achievement. Revenue halved to 25 million euro – partly because the company invested almost 45 million euro in marketing measures during the crisis. In addition, more than 100 new employees were hired. This brings the total number of employees to 989 at the end of 2020.
Continue Reading![Bridgestone FY2020: First net loss in 7 decades](https://www.tyrepress.com/wp-content/uploads/2021/01/generic01-1.jpg)
Bridgestone FY2020: First net loss in 7 decades
The corona crisis has left its mark on Bridgestone Corporation, with the Japanese firm reporting for the 2020 fiscal year its first net loss in 69 years, a loss of 23.3 billion yen (£159.2 million). The operating result also fell significantly: While revenue decreased 14.6 per cent to 3.0 trillion yen (£20.5 billion), adjusted operating profit plummeted 35.0 per cent to 222.9 billion yen (£1.5 billion), representing a 7.4 per cent return on sales.
Continue Reading![Bridgestone – 40% fewer plants by end of 2023?](https://www.tyrepress.com/wp-content/uploads/2021/02/210216-Bridgestone-manufacturing-scrennshot.jpg)
Bridgestone – 40% fewer plants by end of 2023?
Bridgestone Corporation has shared details of its Mid-Term Business Plan for the three-year period from 2021 to 2023, and this plan entails significant changes for the company’s manufacturing footprint. In a presentation given by chief executive officer Shu Ishibashi, Bridgestone outlines the direction this restructuring will take.
Continue Reading![Michelin reports reduced sales, income for 2020](https://www.tyrepress.com/wp-content/uploads/2021/02/michelin-sign-logo-sml.jpg)
Michelin reports reduced sales, income for 2020
Against the backdrop of the global coronavirus pandemic, Michelin Group reported sales of 20.5 billion euros in 2020, down 15.2 per cent. Segment operating income was 1.9 billion euros, representing 9.2 per cent of sales. Net income amounted to 625 million euros and was thus 63.9 per cent lower than in the previous year.
Continue Reading![Fintyre submits settlement plan](https://www.tyrepress.com/wp-content/uploads/2020/06/Fintyre-2014.jpg)
Fintyre submits settlement plan
Roughly a year after its German operations collapsed, late in the evening of Friday 12 February, the Italian parent company Fintyre filed a settlement plan with local courts. According to the Italian members of our international publishing group, Pneusnews.it, it is a decisive step for the company from Seriate, in the province of Bergamo.
Continue Reading![MegaRide introduces RIDEsuite tyre simulation platform](https://www.tyrepress.com/wp-content/uploads/2021/02/grafico.png)
MegaRide introduces RIDEsuite tyre simulation platform
Billed as “the first complete simulation platform that cuts time and costs in the development and testing phases of both tyres and vehicles”, MegaRide has launched the RIDEsuite tyre simulation platform road and motorsport applications. Boasting performance enhancements of up to 30 per cent, RIDEsuite is described as a modular and multi-physical platform consisting of four applications.
Continue Reading![Jaguar to be 100% electric vehicle marque by 2025](https://www.tyrepress.com/wp-content/uploads/2021/02/ThierryBollore_Portrait_HERO_1-scaled-e1613403767907.jpg)
Jaguar to be 100% electric vehicle marque by 2025
Jaguar Land Rover CEO, Thierry Bolloré has announced that the Jaguar brand will be a 100 per cent electric vehicle marque by 2025. The announcement, which came as part of the companys “reimagine” global announcement, also saw JLR initiate a journey to become a net zero carbon business by 2039. Specifically, Jaguar and Land Rover will offer pure electric power, nameplate by nameplate, by 2030. By this point, in addition to 100 per cent of Jaguar sales, it is anticipated that around 60 per cent of Land Rovers sold will be equipped with zero tailpipe powertrains. At the same, executives emphasised the company’s British identity and sought to differentiate between its Jaguar and Land Rover flag brands.
Continue Reading![BKT’s Bhuj site gains ISO/IEC 17025:2017](https://www.tyrepress.com/wp-content/uploads/2021/02/BKT_Bhuj_ProductionPlant-sml.jpg)
BKT’s Bhuj site gains ISO/IEC 17025:2017
Specialist off-highway tyre maker BKT has gained ISO/IEC 17025:2017 certification for the tyre testing and calibration capabilities within the laboratory at its Bhuj plant in India’s Gujarat state. Certification was awarded by the National Accreditation Board for Testing and Calibration Laboratories (NABL) according to international standards.
Continue Reading![Toyo closes loss-making Silverstone tyre plant in Malaysia](https://www.tyrepress.com/wp-content/uploads/2021/02/Silverstone-1.png)
Toyo closes loss-making Silverstone tyre plant in Malaysia
Toyo Tire Corporation is closing its loss-making wholly-owned Silverstone Berhad Malaysian tyre manufacturing subsidiary in June 2021. Established on 12 July 1986 and purchased by Toyo in 2011, Silverstone currently manufactures tyres for (primarily Malaysian) new vehicles and Silverstone branded tyres for the aftermarket as well as certain Toyo branded tyres. The dissolution of the Silverstone subsidiary (Silverstone Berhad) will commence by 31 December 2021.
Continue Reading![Decarbonising logistics: Michelin setting sail with Neoline](https://www.tyrepress.com/wp-content/uploads/2021/02/Michellin-Neoliner-sml.jpg)
Decarbonising logistics: Michelin setting sail with Neoline
The notion of harnessing the wind to carry cargoes across the oceans is finding renewed favour, and the Michelin Group hopes this mode of shipping will offer plain sailing towards minimal CO2 emissions. The company recently signed a transport commitment with French sustainable shipping firm Neoline that will see its tyres shipped by sail from Halifax, Canada to Saint-Nazaire, France.
Continue Reading![Yokohama Rubber using AI to predict rubber properties](https://www.tyrepress.com/wp-content/uploads/2021/02/Yokohama-AI-sml.jpg)
Yokohama Rubber using AI to predict rubber properties
Yokohama Rubber reports it has developed a system that utilises artificial intelligence to predict the physical properties of rubber compounds, and from this breakthrough that it achieved last December has produced a proprietary system that is already being used to design rubber compounds for Yokohama tyres. The manufacturer expects that the system’s ability to conduct a large number of virtual experiments will accelerate compound development, reduce development costs and lead to the development of better-performing products. In addition, the system will simplify the compound-creation process for less-experienced engineers.
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