Michelin to end truck tyremaking at Olsztyn, Poland plant
Michelin is set to transfer the truck tyre production capacity it currently operates at its Olsztyn, Poland factory to Romania. Currently, 430 people work in the Olsztyn, Poland factory truck tyre production operation.
Continue ReadingYokohama OE on Toyota Crown RS “Landscape”
The Yokohama Rubber Co. Ltd. is supplying 245/60R18 109H Geolandar A/T G015 tyres as original equipment (OE) for the new Toyota Crown RS Crossover “Landscape”, a special edition of Crown vehicle. The new vehicle was launched in April 2024 in Japan.
Continue ReadingTrelleborg and Mitas raise prices by up 5%
Both the Trelleborg and Mitas brands are set to raise prices by up to 5 per cent across all segments. The price increases are set to take effect from May 2024. According to the brands, specific details regarding the actual price change will be communicated directly to customers by representatives in each market.
Continue ReadingNexen Tire wins Red Dot Design Award 2024
Nexen Tire has won the Red Dot Design Award in the product category. The prize was awarded to the tyre manufacturer for the NFera Sport S tyre.
Continue ReadingYokohama sponsors ATP Tennis Tour
The Yokohama Rubber Co. Ltd. a Gold Partner of the Association of Tennis Professionals (ATP), the global governing body of men’s professional tennis. Indeed, Yokohama is now the ATP Tour’s first Official Tire Partner.
Continue ReadingA strange way of price-fixing
At the end of January, the European Commission (EC) announced that it is had begun conducting “unannounced inspections” – commonly known as dawn raids – at the European offices of the world’s leading tyremakers. The investigation intends to find out whether or not “the inspected companies may have violated EU antitrust rules that prohibit cartels and restrictive business practices”. In the days immediately after that news broke, it quickly became apparent that (in alphabetical order) Bridgestone, Continental, Goodyear, Michelin, Nokian and Pirelli all received those visits. All the above companies issued statements denying the allegations and confirming that they are cooperation with the authorities. The EC’s announcement was short on detail and the investigated tyremakers are being understandably tight-lipped about the whole thing, which leaves significant questions about what the grounds for such an investigation were in the first place.
Continue ReadingPirelli financial performance the strongest of European premium tyre brands – analysts
Initiating detailed coverage of European tyre manufacturers, analysts at Jefferies Equities Research fated Pirelli as their top pick, followed by Continental and Michelin. “Continental is trading on the largest discount to Michelin in years and the ex-tyres business is at the lowest multiple (2x EBIT) in three years. Pirelli is at a two per cent discount to Michelin versus a premium for >90 per cent of the last three years.
Continue ReadingWheel maker BBS in brand rights dispute with former owner
A set-to is brewing in Germany’s Black Forest. As our German sister site Reifenpresse.de reports, the new owner of wheel manufacturer BBS, Turkey’s ISH Holding, can’t sell and distribute wheels for aftermarket customers. Brand rights appear to lie at the heart of the matter, and although neither former owner Klaus Wohlfarth (KW Automotive) nor the Turkish investor have officially commented, Reifenpresse.de notes that the rumour mill has been churning for weeks. The company’s works council has now spoken out, making an appeal to the previous owner.
Continue ReadingBridgestone presents Paris 2024 Ambassadors
Bridgestone Corporation is partnering with dozens of elite athletes around the world as a Worldwide Olympic and Paralympic Partner. The company is forming a global roster of Team Bridgestone brand ambassadors on the road to the Olympic and Paralympic Games Paris 2024, with 40 athletes across nine countries and over 20 sports on board. Swimmer Adam Peaty and Charlotte Worthington, who will compete in the BMX Freestyle, represent the UK.
Continue ReadingArclid Transport renews Prometeon contract
Cheshire-based Arclid Transport has renewed its tyre supply and fitting agreement with Prometeon Tyre Group, a fixed pence per kilometre (PPK) contract that covers the entire 95-strong Arclid fleet of 45 trucks and 60 trailers, predominantly made up of 6x2 artics and tri-axle trailers.
Continue ReadingGoodyear – Developing tyres for cars, sight unseen
April 1 has been and gone this year, so there’s no danger in admitting that I’ve seen imaginary tyres being tested on cars that don’t even exist. No fooling. I’ve even driven with these non-tyres, at the Goodyear Simulation Center in Luxembourg. The illusion felt very real.
Continue ReadingReOil pyrolysis process the template for Grimsby plant
North East Lincolnshire Council has approved plans for a pyrolysis plant for processing end-of-life tyres in Grimsby. The facility proposed by Fluid Ice FO Ltd has the capacity to process nearly 25,000 tonnes of waste tyres annually. Fluid Ice claims that the plant will use a pyrolysis process “based on the plant” operated by ReOil in Jazworno, Poland, which produces saleable fuel oil, carbon black and steel as well as pyrolysis gas.
Continue ReadingZodo Tire to build tyre plant in Cambodia
Shandong, China-based Zodo Tire Co. Ltd is preparing to set up a factory in Cambodia. According to plans, the tyre maker will build a facility with an annual production capacity of 6 million semi-steel radials and 1.2 million all-steel radials. Zodo Tire has not disclosed how much it will invest in this project.
Continue ReadingSailun delays Vietnam plant expansion
Sailun Group has revised the timetable for expanding production at its factory in Vietnam. Instead of commencing operations by March 2024, the tyre maker now intends to add a further three million semi-steel radials, one million all-steel radials and 50,000 tonnes of off-highway tyres to its annual capacities by March 2025.
Continue ReadingNova Motorsport acquires Camac
Following the news that the company will be producing certain Avon-branded motorsport tyres, Nova Motorsport has announced “its acquisition of leading tyre producer, Camac”. No details relating to the terms of acquisition have been released.
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