![Fintyre bidder Springwater’s offer includes 50 million euro capital increase](https://www.tyrepress.com/wp-content/uploads/2018/11/Fintyre-HQ-1.jpg)
Fintyre bidder Springwater’s offer includes 50 million euro capital increase
The Springwater Capital financial group has made a binding offer for Fintyre, which is currently controlled by Bain Capital. No details have officially been released, but some Italian news sources are reporting that the Springwater offer includes a capital increase of 50 million euros. The company has been in talks with potential new investors since May.
Continue Reading![Acorus wheel to debut next year](https://www.tyrepress.com/wp-content/uploads/2020/11/acorus-sml.jpg)
Acorus wheel to debut next year
The Acorus wheel, which Michelin and Maxion Wheels first presented as a prototype at the IAA 2017 motor show in Frankfurt, is coming to market next year. Michelin announced the flexible wheel solution’s commercial launch at the China International Import Expo (CIIE), which opened in Shanghai on 4 November.
Continue Reading![Another Goodyear-Dunlop name change](https://www.tyrepress.com/wp-content/uploads/2020/11/Goodyear-Dunlop-Umfirmierung-in-Polen.jpg)
Another Goodyear-Dunlop name change
Following changes to the names of the Goodyear-Dunlop national organizations in the UK and Belgium, the tyre manufacturers Poland-based company has now also been renamed, our colleagues at our German sister website Reifenpress.de have reported.
Continue Reading![A quarter of Marangoni Holding shares up for sale](https://www.tyrepress.com/wp-content/uploads/2020/11/Marangoni-Rovereto_tb-600x407-1.jpg)
A quarter of Marangoni Holding shares up for sale
Shares amounting to roughly a quarter of Marangoni Holding SpA are up for sale in three lots equal to 8.57 per cent (or 16,756 shares) each. The shares, currently held by Ma.Gi.Ma Srl based in Trento, will go to auction on 9 December 2020. The price of base of each lot is 1,423,125.00 euros and therefore a total of 4,269,375 euros.
Continue Reading![Prometeon presents Pro Check fleet inspection and monitoring system](https://www.tyrepress.com/wp-content/uploads/2020/11/ProbeUse-scaled.jpg)
Prometeon presents Pro Check fleet inspection and monitoring system
Prometeon head office has announced the launch of Pro Check, a digital monitoring solution specifically conceived to offer an easy and effective tyre management for fleets and dealers. Pro Check is the latest addition to Prometeon’s Pro Services family. According to the company, Pro Check provides “a reliable and customized support to further optimize the operational efficiency of the fleets”.
Continue Reading![Goodyear looks to Soybeans to hit goal of replacing petroleum-derived oils by 2040](https://www.tyrepress.com/wp-content/uploads/2020/11/c1920_goodyearsetsgoaltofullyreplacepetroleum-derivedoilsby2040-1.jpg)
Goodyear looks to Soybeans to hit goal of replacing petroleum-derived oils by 2040
Goodyear has set the goal of fully replacing petroleum-derived oils by 2040 by switching to “materials that deliver best-in-class quality and performance”. But how? And which materials? Thats where soybeans come in.
Continue Reading![Maxion: December start for Smart Wheel road testing](https://www.tyrepress.com/wp-content/uploads/2020/11/Smart-Wheel.jpg)
Maxion: December start for Smart Wheel road testing
It’s a little over a year since Maxion Wheels and ZF Openmatics announced they’d teamed up to develop the Smart Wheel, and Maxion now reports that road testing of this connectivity solution will commence in 2020. During the Ioche-Maxion Investor Day 2020, held online yesterday, Maxion Wheels’ chief executive officer confirmed that Smart Wheel prototypes would be on the road before the end of the year.
Continue Reading![Launches, network expansion to support continued Goodyear Farm Tyres growth](https://www.tyrepress.com/wp-content/uploads/2020/07/Lindsay-Hart.jpg)
Launches, network expansion to support continued Goodyear Farm Tyres growth
Goodyear Farm Tires’ European growth has continued in the first full year of trading since the brand’s return to Europe. Manufactured by Titan International, which purchased the European licence for the brand in Europe in 2015, the agricultural tyre supplier has outlined plans to continue its European expansion next year. Agricultural tyres have remained more resilient than almost any other tyre segment despite the pandemic. The Goodyear Farm Tires portfolio was boosted by eight additional tread patterns and 65 new tyre sizes, helping to support its volume growth, and Titan will add a new versatile tyre described as an agriculture, turf and industrial hybrid in 2021.
Continue Reading![Falken tyre prices going up in North America](https://www.tyrepress.com/wp-content/uploads/2020/10/tlo_biz83a-scaled-e1602237521703.jpg)
Falken tyre prices going up in North America
Sumitomo Rubber North America is set to increase prices the price of Falken and Ohtsu branded passenger, light truck and medium truck tyres in the US and Canada on as well as implementing inline adjustments on a per size basis.
Continue Reading![Juratek joins IAAF](https://www.tyrepress.com/wp-content/uploads/2020/11/juratek-product.jpg)
Juratek joins IAAF
The Independent Automotive Aftermarket Federation (IAAF) has welcomed its newest member, light vehicle (LV) and commercial vehicle (CV) braking specialist, Juratek, to its growing network of aftermarket businesses. With an emphasis on product quality, availability, and customer support, Juratek has been distributing high quality braking components to both the UK and international markets since 1995.
Continue Reading![Tyre sales down, but not as much as feared – GfK](https://www.tyrepress.com/wp-content/uploads/2020/11/Panel.png)
Tyre sales down, but not as much as feared – GfK
5 November saw the inaugural virtual Tyre Industry Conference, with Tyres & Accessories bringing the traditional annual conference into the virtual arena due to Covid-19 restrictions. Produced in association with the NTDA and supported by Cam Systems, our expert panel was comprised of James Ward, senior insight manager, GfK; Andrea Manenti, VP north region, Bridgestone; and Pravesh Amtha, sales general manager Consumer UK&I, Goodyear. The wide-ranging 45-minute conversation covered a lot of bases, but the first session, which was designed to focus on the new tyre market’s recent trends and statistics began with a presentation from James Ward.
Continue Reading![MOL Group completes Hungarian waste tyre recycling plant](https://www.tyrepress.com/wp-content/uploads/2020/10/59_QWJzdHJhY3QgYmFja2dyb3VuZCB3aXRoIGVhcnRoLmpwZw-scaled-e1602237450291.jpg)
MOL Group completes Hungarian waste tyre recycling plant
While reporting third-quarter 2020 pre-tax profits (EBITDA) of US$610 million on 6 November, MOL Group confirmed that its Hungarian waste tyre recycling was completed in the third-quarter.
Continue Reading![Ford honours tyremakers Goodyear and Maxxis at World Excellence Awards](https://www.tyrepress.com/wp-content/uploads/2020/11/pexels-julissa-helmuth-3323202-scaled.jpg)
Ford honours tyremakers Goodyear and Maxxis at World Excellence Awards
Ford honoured tyre manufacturers Goodyear and Maxxis as part of its 22nd annual World Excellence Awards. The wards span multiple categories, including sustainability, winning portfolio, propulsion choices, autonomous technology, fitness, special recognition and diversity.
Continue Reading![Vipal Rubber starts production at Argentina tread rubber factory](https://www.tyrepress.com/wp-content/uploads/2020/11/Fabrica-Argentina-Detalhe_1-scaled.jpg)
Vipal Rubber starts production at Argentina tread rubber factory
Following US$20 million of investment, Vipal Rubber has started production at its new tread rubber and pre-cured tread factory in Argentina. Located in the Perez, province of Santa Fe, Argentina, the new factory will supply the Argentine and export markets.
Continue Reading![Linglong injects 146 million euros of capital into Serbian tyre factory project](https://www.tyrepress.com/wp-content/uploads/2020/11/Linglong-Serbia.jpg)
Linglong injects 146 million euros of capital into Serbian tyre factory project
Shandong Linglong plans to increase the capital of its Linglong International Europe Serbian unit by US$174.1 million (146.6 million euros) for the construction of its tyre factory in Zrenjanin, northern Serbia. When finished the factory will require 1,200 employees and produce 13 million tyres per year.
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