![Tyre manufacturing suppliers Lanxess and Arkema listed in DJSI](https://www.tyrepress.com/wp-content/uploads/2020/10/820_earth_globe-scaled-e1602237485165.jpg)
Tyre manufacturing suppliers Lanxess and Arkema listed in DJSI
In addition to the tyre manufacturers listed, at least two of the best-known manufacturing material suppliers were also listed on the Dow Jones Sustainability World Index effective 23 November 2020 – Arkema and Lanxess.
Continue Reading![Nokian and Hankook also listed on DJSI World 2020](https://www.tyrepress.com/wp-content/uploads/2020/11/pexels-akil-mazumder-1072824-scaled.jpg)
Nokian and Hankook also listed on DJSI World 2020
Pirelli might be Dow Jones Sustainability Indices (DJSI) Industry Leader in the “Auto Components” category, but Nokian Tyres and Hankook Tire are also listed on DJSI World 2020.
Continue Reading![Nexion acquires Kompunet Informatica](https://www.tyrepress.com/wp-content/uploads/2020/11/sede_Kompunet_Informatica-scaled-e1605785788474.jpg)
Nexion acquires Kompunet Informatica
Nexion SpA has agreed to acquire Kompunet Informatica, a leading software and data provider in the automotive sector. As a result, Kompunet will become part of the Nexion Group. Kompunet CEO Antonio Russo will remain in the group carrying out the Kompunet projects.
Continue Reading![Michelin-Pyrowave agreement brings tyres made with recycled plastics a step closer](https://www.tyrepress.com/wp-content/uploads/2020/11/Michelin-Pyrowave-signing-sml.jpg)
Michelin-Pyrowave agreement brings tyres made with recycled plastics a step closer
Recycled plastics will become a raw material within new tyres in future. This is a key intended application of a technology that the Michelin Group is exploring under a new joint development agreement with Canadian firm Pyrowave. Michelin ultimately intends to invest more than 20 million euros in the joint development agreement and combine its industrial know-how with Pyrowave’s expertise.
Continue Reading![Brembo acquires SBS Friction](https://www.tyrepress.com/wp-content/uploads/2020/11/Brembo.png)
Brembo acquires SBS Friction
Brembo has signed an agreement for the acquisition of a 100 per cent stake in SBS Friction A/S, a Danish company which develops and manufactures sintered and organic material brake pads for motorcycles. The transaction entails a consideration of 224 million Danish Krone, equal to approximately £27 million. The company will pay this using available cash. Enterprise value is 300 million Danish Krone (£36 million). Brembo expects the agreements finalisation in the first quarter of 2021.
Continue Reading![Goodyear collaborating with TuSimple on automated haulage solutions](https://www.tyrepress.com/wp-content/uploads/2020/11/tusimple-goodyear.jpg)
Goodyear collaborating with TuSimple on automated haulage solutions
Automated trucking company TuSimple plans for its vehicles to begin hauling freight in completely driverless operations from next year on selected routes in the USA. It has chosen Goodyear Tire & Rubber to provide tyres and tyre management solutions to this Autonomous Freight Network (AFN).
Continue Reading![Pirelli a sector world leader on Dow Jones Sustainability Indices](https://www.tyrepress.com/wp-content/uploads/2020/10/tlo_biz83a-scaled-e1602237521703.jpg)
Pirelli a sector world leader on Dow Jones Sustainability Indices
Pirelli has been confirmed as the world Sustainability leader in the Automobiles & Components sector on the Dow Jones Sustainability World and Europe indices. This was the result of the annual review of the indices conducted by S&P Global through SAM. Pirelli earned a total score of 84 points, compared with an average for the sector of 35.
Continue Reading![Continental shares set to continue outperforming estimates in 2021 – analysts](https://www.tyrepress.com/wp-content/uploads/2020/10/59_QWJzdHJhY3QgYmFja2dyb3VuZCB3aXRoIGVhcnRoLmpwZw-scaled-e1602237450291.jpg)
Continental shares set to continue outperforming estimates in 2021 – analysts
Financial analysts have reiterated their “buy” rating on Continental AG shares, while also raising price target from 150 euros from 123 euros previously. In short, Continental AG is expected to continue outperforming consensus estimates. Writing in an investors note dated 18 November, Jefferies equity research said: “Tyre margins will return to an industry leading greater than 15 per cent in full-year 2021. Conti remains among the least liked stocks in the sector which provides positive surprise potential.”
Continue Reading![Giti Tire expands green focus with P4G](https://www.tyrepress.com/wp-content/uploads/2020/11/Giti-P4G.jpg)
Giti Tire expands green focus with P4G
Giti Tire Group is expanding its commitment to sustained and environmental-friendly growth a new partnership with P4G (Partnering For Green Growth and Global Goals). Giti Group’s Cherie Nursalim has also been selected to serve as a member of P4G’s Board of Directors.
Continue ReadingRestore plc joins EV100 to build electric vehicle future
Restore plc, the group that specialises in providing office support services, including records management and document destruction among others, has announced that it is joining EV100; a global initiative to accelerate the transition to electric vehicles (EVs).
Continue Reading![Hella expands Lithuanian electronics plant](https://www.tyrepress.com/wp-content/uploads/2020/11/thumbnail_2020.11.11_HELLA_PM39_HELLA_Lithuania.jpg)
Hella expands Lithuanian electronics plant
Due to the increasing demand for electronic automotive components, Hella is further expanding its electronics plant in Lithuania. The plant in the Kaunas Free Economic Zone started production of various electronic components in August 2018. At present, sensors and actuators, as well as lighting electronic components, are manufactured at the site, which has more than 180 employees.
Continue Reading![More online tyre retail means more pre-sale research](https://www.tyrepress.com/wp-content/uploads/2020/11/WhatTyre.png)
More online tyre retail means more pre-sale research
No-one envisioned just how many challenges the tyre market would have to face this year. As has generally been the case, the trade rose to the occasion by repeatedly pivoting to adjust to mid-pandemic customer demands and government requirements. At the bricks and mortar end of the business this has meant ensuring premises are Covid-secure and there are continuing supplies of PPE – as well as maintaining high standards of tyre service and supply. However, this year has also significantly closed the gap between exclusively conventional bricks and mortar tyre retail businesses and pure play tyre e-tailers, with consumers increasingly planning tyre purchases and looking for contactless servicing options online.
Continue Reading![Davanti Tyres OE on LEVC VN5 electric van](https://www.tyrepress.com/wp-content/uploads/2020/11/LEVC-Davanti-Tyres-1-scaled.jpg)
Davanti Tyres OE on LEVC VN5 electric van
A subsidiary of Volvo- and Lotus-owner Geely, London Electric Vehicle Company has awarded Davanti Tyres its first OE approval. Davanti’s DX440 light commercial van tyre has earned 100 per cent OE approval for the company’s VN5 electric van, which has now entered full production.
Continue Reading![Nikolai Setzer takes over as Continental CEO](https://www.tyrepress.com/wp-content/uploads/2020/11/Nikolai-Setzer-Dr.-Elmar-Degenhart-scaled.jpg)
Nikolai Setzer takes over as Continental CEO
Continental AG has appointed Nikolai Setzer (49) as its new executive board chairman until March 2024, effective 1 December 2020. He succeeds Dr. Elmar Degenhart (61), who is stepping down for health reasons, effective 30 November 2020. Setzer is widely seen as a safe pair of hands for the company who has been prepared for the position for years.
Continue Reading![Bridgestone revising executive structure, management responsibilities](https://www.tyrepress.com/wp-content/uploads/2020/10/59_QWJzdHJhY3QgYmFja2dyb3VuZCB3aXRoIGVhcnRoLmpwZw-scaled-e1602237450291.jpg)
Bridgestone revising executive structure, management responsibilities
As of 1 January 2021, Bridgestone Corporation will retire its current five-layer executive operation structure and adopt a three-layer structure in its place. The company states that it is adopting this new executive structure to “accelerate decision-making and transform into a leaner organisation.”
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