![Vimexa enlarges Scandinavia/Baltic presence](https://www.tyrepress.com/wp-content/uploads/2021/02/Vimexa-Helsinki-sml.jpg)
Vimexa enlarges Scandinavia/Baltic presence
At the start of this year, independent tyre distribution specialist Vimexa expanded its offices at the Technopolis facility near Helsinki-Vantaa airport. Managing director Rutger Veerman says more office space was needed to accommodate the “substantial” growth that Vimexa has enjoyed in Scandinavia and the Baltic region during the last three years.
Continue Reading![50 by 25 – Trelleborg announces CO2 reduction target](https://www.tyrepress.com/wp-content/uploads/2021/01/generic01-1.jpg)
50 by 25 – Trelleborg announces CO2 reduction target
The parent company of tyre maker Trelleborg Wheel Systems has launched a new climate goal, which it calls ‘50 by 25’. This is Swedish firm Trelleborg AB’s aim to reduce its CO2 emissions relative to sales 50 per cent by 2025. It will pursue this goal in conjunction with a vision statement to achieve complete climate neutrality, or net zero emissions, in its own operations by the end of 2035.
Continue Reading![Goodyear invests further in autonomous mobility](https://www.tyrepress.com/wp-content/uploads/2021/02/tusimpleautonomoustruck-sml.jpg)
Goodyear invests further in autonomous mobility
Goodyear has invested in a further autonomous vehicle firm through its Goodyear Ventures venture capital fund. The latest business to join Goodyear Venture’s growing investment portfolio is TuSimple, a global autonomous trucking technology company that operates self-driving trucks out of its facilities in the USA, Europe, China and Japan.
Continue Reading![Apollo Tyres: Net profits up 155% in Q3 2020-21](https://www.tyrepress.com/wp-content/uploads/2021/02/enschede-1b.jpg)
Apollo Tyres: Net profits up 155% in Q3 2020-21
Apollo Tyres reports improved sales and significantly higher net profit in the three months to 31 December 2020, the third quarter of its 2020-21 financial year. The bottom-line result for the year to date is admittedly less impressive, as net profits have been watered down by costs associated with the restructuring of the Apollo Vredestein facility in Enschede, the Netherlands.
Continue Reading![50+ Chinese tyremakers increase prices](https://www.tyrepress.com/wp-content/uploads/2021/02/car-tyres-63928-scaled.jpg)
50+ Chinese tyremakers increase prices
During January 2021 more than 50 domestic Chinese tyre businesses announced plans to increase prices. And, according to Robert Ho, marketing officer at Comforser Tire Co. Ltd., we can expect still further prices increases in February and March.
Continue Reading![Bridgestone to increase tyre prices in Europe on 1 March](https://www.tyrepress.com/wp-content/uploads/2013/07/BS-Main-Logo.png)
Bridgestone to increase tyre prices in Europe on 1 March
Bridgestone will increase tyre prices in Europe on 1 March. Prices will increase by an average of 4 per cent on its truck and bus tyre products and by an average of 5 per cent on its passenger car and van tyre portfolio. The manufacturer said it has chosen to implement price hikes “due to the current market conditions.” Bridgestone added that its EMIA sales team will contact customers to provide more information about the changes.
Continue Reading![Hella sells Mando Hella Electronics joint venture shares to partner Mando](https://www.tyrepress.com/wp-content/uploads/2021/02/2021.02.03_HELLA_PM06_MHE.jpg)
Hella sells Mando Hella Electronics joint venture shares to partner Mando
Automotive supplier Hella intends to sell its 50 per cent share in the South Korean joint venture Mando Hella Electronics (MHE) to Mando. The two partners have now signed a corresponding agreement and the transaction is expected to close in the first quarter of 2021 calendar year. The price is around €60 million.
Continue Reading![Nexen ‘streamlining’ European sales operations](https://www.tyrepress.com/wp-content/uploads/2021/02/Nexen-Kelkheim.jpg)
Nexen ‘streamlining’ European sales operations
Nexen Tire Europe is rationalising its approach to sales and marketing, and has thus announced changes affecting its operations in Austria and Sweden. The tyre maker will transfer responsibility for both markets’ sales organisations to its European headquarters in Kelkheim, Germany by the end of Q1 2021.
Continue Reading![Toyo Tires utilising European know-how for global product lines](https://www.tyrepress.com/wp-content/uploads/2021/01/820_earth_glob.jpg)
Toyo Tires utilising European know-how for global product lines
As part of a range of structural changes taking effect on 1 April, Toyo Tires will draw upon its experiences making tyres for the demanding European market in order to benefit its development programme for other regions. The tyre maker is integrating its Europe/Module Development department, which currently operates under the Technology Development division within its R&D Headquarters, into the R&D Headquarters’ Replacement Tire Development department.
Continue Reading![UTAC CERAM completes Millbrook acquisition, new governance introduced](https://www.tyrepress.com/wp-content/uploads/2021/02/UTACCERAM-MillbrookPressReleaseImage.jpg)
UTAC CERAM completes Millbrook acquisition, new governance introduced
In December 2020 French group UTAC CERAM announced that it was buying British test specialists Millbrook, which also owns well-known tyre test centres such as Test World in Finland. The plan is to merge the two companies, creating “a market-leading group in vehicle testing, vehicle type approval and emerging technologies for autonomous, connected and electric vehicles”.
Continue Reading![Toyo Tires Europe starts 2021 on “full throttle”](https://www.tyrepress.com/wp-content/uploads/2021/02/Toyo-Tires-Serbien_tb.jpg)
Toyo Tires Europe starts 2021 on “full throttle”
It is not easy for tyre businesses to take away something positive from the past year. In retrospect, Toyo Tires came to the conclusion: “2020 was anything but a glorious year for the tyre industry. A slump in new registrations and also double-digit declines in the replacement market business. There were no dealers and no manufacturers who did not have to struggle with losses in the past year.” Nevertheless, Toyo Tires Europe is starting the new year “confidently”, according to the Germany-based European headquarters of the Japanese tyre manufacturer.
Continue Reading![Discover Vimexa in 90 seconds](https://www.tyrepress.com/wp-content/uploads/2021/02/vimexa-sml.jpg)
Discover Vimexa in 90 seconds
Independent tyre distribution specialist Vimexa has refreshed its website, and visitors with a minute and a half to spare can find out how the company operates and the ways it can add value via a new introductory video.
Continue Reading![New Pirelli Cinturato AS SF 2 boasts 50% better mileage](https://www.tyrepress.com/wp-content/uploads/2021/02/EtN1KjIWYAAdr8J.jpg)
New Pirelli Cinturato AS SF 2 boasts 50% better mileage
Pirelli has introduced new Cinturato All-Season Snow Flake 2 and Cinturato P7 tyre ranges in a virtual event broadcast from Milan. The virtual launch also previewed the forthcoming Cinturato Winter, which will be released in time for the next winter season. As far as performance improvements are concerned, the new Pirelli Cinturato All-Season Snow Flake 2 (or Cinturato AS SF2 for short) stole the show, boasting a whopping 50 per cent increase in mileage performance compared with its predecessor.
Continue Reading![Bridgestone halves gap with Michelin in 2021 Brand Finance Global 500](https://www.tyrepress.com/wp-content/uploads/2021/02/BF-Top-500-2021.png)
Bridgestone halves gap with Michelin in 2021 Brand Finance Global 500
Brand Finance normally releases its tyre brand ranking in March, but the analysts’ list of the top 500 brands in the world gives us a preview of what we will see in roughly a month’s time. Published at the end of January 2021, the latest Brand Finance report ranks companies according to their brand’s strength and monetary value. Michelin and Bridgestone are the only two tyre brands in the top 500 and it is clear that the competition between the two continues to heat up.
Continue Reading![Versarien wins £1.95 million graphene research development agreement](https://www.tyrepress.com/wp-content/uploads/2016/10/Graphene.jpg)
Versarien wins £1.95 million graphene research development agreement
Versarien plc, which makes nanocompounds for tyre applications amongst other things, is was awarded a product development funding from the Defence, Science and Technology Laboratory (DSTL), a part of the Ministry of Defence at the end of November 2020.
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