RAW Charging Group launches new brand
Chargepoint operator RAW Charging (“RAW”) has launched its new rebrand. The company, which operates electric vehicle chargepoints for the leisure, hospitality and premium retail sectors, said the new branding elevated brand reflects RAWs commitment to innovation, customer-centric experience, and Connecting Amazing Places across the UK and Europe.
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Bridgestone partners Young Driver to improve road safety education for future drivers
Bridgestone and Young Driver have announced a UK partnership that will connect the company with 320,000 pupils and parents around the country over the next 12 months. Coinciding with TyreSafe’s October Tyre Safety Month campaign, the collaboration will see Bridgestone delivering the message about the crucial role that tyres play in keeping drivers safe through various inventive initiatives. On average, Young Driver delivers 140,000 lessons to young people between 10 and 17 each year, using cars ranging from Vauxhall Corsas to Porsches. The scheme operates at 70 private venues all over the UK, offering responsible learning in a safe, controlled environment, with qualified driving instructors delivering lessons in a fun and engaging way, to nurture the future generation of drivers.
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Doublestar Guangrao factory sold to Huasheng Rubber
Doublestar has sold its Guangrao-based factory, Guangrao Jixing, to Lubo Rubber for 205 million. The two parties signed a Property Rights Transaction Contract in September 2024, confirming what we published in May 2024.
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Dealer Tire enters European car dealership channel
As part of its international expansion, Dealer Tire has now arrived in Germany and thus in Europe. The US company has been supplying car dealerships with exclusively OEM-marked consumer tyres for replacement needs in its home market for around a quarter of a century and launched this business model, which has been described as successful, in China seven years ago. Europe is the company’s next targe. Dealer Tire Europe, a GmbH founded in 2022, started business in Germany at the beginning of the year from a temporary location, but has now officially moved into a logistics property in Gernsheim, south of Frankfurt, which will soon cover 25,000 square metres. Tyres & Accessories’ German sister publication, Neue Reifenzeitung (NRZ) found out how Dealer Tire wants to make a difference at the warehouse inauguration.
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Linglong flips the switch for mass production at its Serbian plant
Shandong Linglongs “Project Europe” is clearly picking up speed. The manufacturer has now flipped the switch for mass production at its tyre plant in Serbia – the first ever by a Chinese manufacturer in Europe – which was inaugurated in 2022. Without delay, Linglong is also tackling the second expansion phase of its so-called Smart Factory, thereby pushing the investment volume to 1.6 billion dollars. To honour this moment, the manufacturer hosted a number of customers and suppliers at a ‘Global Partner Conference’ in Zrenjanin, Serbia, in mid-September, but also used it to place ‘Project Europe’ in a broader context.
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Linglong Tire sponsors Real Madrid
Following the news that Linglong is sponsoring Chelsea FC, Real Madrid has announced that Linglong will sponsor the world-famous football team in a “global sponsorship agreement which aims to create new growth opportunities for both parties”.
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Despite the new plant, Nokian wants to ‘continue to maintain its off-take partnerships
While Nokian Tyres opened a new test centre in Spain a good three years ago and presented the so-called ‘Hakka Ring’ to a wider public for the first time this spring, the Finnish tyre manufacturer still has a lot going on. This primarily refers to the recent official opening of its new tyre plant in Oradea, less than a year and a half after the foundation stone was laid and less than two years after the decision was made to locate the plant in Romania, less than 20 kilometres from the Hungarian border.
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Ingers Däck joins CTS
Following the news that Gummicentralen Säffle has joined CTS, another firm has announced that it too is partnering with the Scandinavian tyre distribution operation. Specifically, Ingers Däck, one of Swedens largest tyre shops, is joining what is loosely being called Circular Tire Services (CTS).
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NTAW raising capital to support Dunlop distribution in Australia & NZ
On 18 September 2024, Australian tyre and wheel importer and distributor NTAW Holdings Limited announced an entitlement offer to raise AU$12.41 million (£6.52 million) in working capital to support its strategic expansion in Australia and New Zealand following appointment as regional Dunlop tyre distributor.
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Clarios partnering with truck maker to develop 24v Li-ion battery
Together with a “major European commercial truck manufacturer,” low-voltage battery solutions firm Clarios is working to develop 24-volt lithium-ion batteries for heavy-duty applications. The two parties have entered into an agreement to this effect, and Clarios intends to market the resulting product under the Varta Automotive brand name.
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BKT completes 30KT carbon plant project
Balkrishna Industries Limited has concluded its project to set up a new carbon material plant. The tyre maker says it has commissioned the 30,000 tonne per annum facility after completing the project’s capex.
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Tolins Tyres experiences ‘flat’ IPO
Market analysts described Tolins Tyres’s market debut as “flat” and “muted”. Tolins Tyres Limited shares opened at 227 rupees on the Bombay Stock Exchange (BSE), which equates to a 0.4 per cent premium over the upper limit of the IPO price band of 226 rupees. Those numbers stand in stark contrast with performance during the IPO subscription period, where the offer was reportedly oversubscribed by 23.87 times.
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Continental building own USA distribution centre
Continental serves its customers in the USA via seven distribution centres, none of which it owns. This will soon change, as the company has announced an investment into its first fully owned tyre distribution centre in the US market. The facility is to be located in Texas, within the Dallas-Fort-Worth-Metroplex, and will have a capacity to store more than 800,000 tyres – with potential for future expansion. Construction commences this month, with Continental aiming to start operations in the centre in 2026.
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Michelin considering UK cuts – 61 jobs affected
When we spoke with Michelin at the IAA Transportation show on Monday, the company confirmed that its Stoke-on-Trent site in the UK as an important part of its commitment to the future of retreading in Europe. This commitment apparently doesn’t extend to non-production roles located in the area, as Michelin has announced plans to move many of these to Central and Eastern Europe. More than 60 jobs may be affected.
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Remember This? – September 2024
Our monthly magazine column looks back at the biggest news events from the tyre industry five, 10, 15 and 20 years ago. This months edition looks back to September issues from 2004, 2009, 2014, and 2019 for some of the biggest tyre industry news of those months. Click the month and year to access the digital edition of the relevant issue of the magazine from Tyres & Accessories’ expanding digital archive.
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