Tyre mould maker EMT now a Continental operation
Continental has acquired EMT s.r.o., a mould manufacturing specialist based in Puchov, Slovakia. The tyre maker and automotive technology company obtained all shares in its long-standing supplier on 2 April 2024 after entering into an agreement with EMT’s shareholders, including majority shareholder Dynamic Design Europe. Beyond confirming the retention of all 107 EMT employees, Continental has not disclosed details of the agreement.
Continue ReadingREV Technologies – Kordsa debuts EV brand
Tyre reinforcement, composite technologies and compounding specialist Kordsa has unveiled a new brand, REV Technologies. The company is positioning this brand at the electric vehicle market, and by doing so aims to solidify its “commitment to shaping the future of sustainable mobility.”
Continue ReadingNexen Tire selects schoesslers for Europe PR
Nexen Tire has commenced a strategic partnership with public relations agency schoesslers. The aim of this collaboration is to bolster the tyre maker’s brand throughout Europe.
Continue ReadingElectric vans arrive in Michelin Services and Solutions fleet
With the delivery of 17 Vauxhall Combo vans, Michelin has completed the first phase of its electric vehicle (EV) transition programme in the van fleet that its Services and Solutions division operates in the UK. The electric vans, supplied on a four-year lease and featuring a Michelin livery that emphasises the company’s sustainability commitments, are part of “ambitious” plans to electrify the division’s 54-strong fleet by 2026.
Continue ReadingKraiburg Austria a Kununu Top Company again
Retreading supplier, Kraiburg Austria has been awarded the Kununu Top Company seal again in 2024 after also doing so in 2023. The seal recognises companies with high employee satisfaction and is awarded exclusively based on independent reviews on Kununu. Kununu means blank slate in Swahili and, according to the operators, stands for all companies that have not yet been rated. The platform, which was founded in Vienna, has been online since 2007 and currently employs around 130 people in Vienna, Porto, Berlin and Hamburg.
Continue ReadingMichelin & partners break ground on Cataroux site project
Reporting the official groundbreaking of a Collaborative Innovation Center at the company’s Cataroux site in France yesterday, the Michelin Group says the ceremony “marks a major milestone” in this innovation-focused project, which it considers the only one of its kind in Europe. Michelin and four other entities have spearheaded the project since 2020, investing 61 million euros in a facility that will serve as a nexus for business and innovation stakeholders.
Continue Reading3rd consecutive EcoVadis Platinum rating for Bridgestone EMEA
Bridgestone EMEA has once again attained the prestigious Platinum rating from EcoVadis, a renowned sustainability assessment platform. This achievement marks the third consecutive time Bridgestone EMEA has received the highest accolade since 2021, positioning the organisation within the top one per cent of the 130,000 companies evaluated globally across 220 industry sectors by EcoVadis.
Continue ReadingDoublestar prepares to formally take control of Kumho
At the end of March, tyre manufacturer Qingdao Doublestar suspended trading on the stock exchange and announced that it was preparing to officially take control of Kumho and resolve competition in the industry. Doublestar said it will disclose further information before April 11.
Continue ReadingNew name for Australia’s National Tyre & Wheel
Australian headquartered tyre and wheel importer, distributor and retailer National Tyre & Wheel Limited has a new name. From 9 April 2024, the company call itself NTAW Holdings Limited. Shareholders passed a resolution to rename the company during an extraordinary general meeting on 26 March 2024.
Continue ReadingBest results – Prinx Chengshan publishes 2023 financials
Prinx Chengshan Holdings Limited has released its financial results for the twelve-month period ending on 31 December 2023, referring to these as “the best results” in the company’s history. Operating revenue increased to RMB 9,950 million (£1.09 billion), marking a 22% year-on-year rise, while net profit surged to RMB 1,030 million (£113.32 million), a 162.4% increase compared to the previous year. Earnings per share reached RMB 1.62, up by 161.3% year-on-year, and EBITDA rose to RMB 1,710 million (£118.14 million), reflecting a 102.4% increase year-on-year.
Continue ReadingTBC Corporation names Bill Schafer as COO of TBC Brands and TBC International
TBC Corporation has appointed Bill Schafer as Chief Operating Officer (COO) for TBC Brands and TBC International. Schafer will report directly to TBC Corporation’s President and Chief Executive Officer, Sam Kato, and will oversee all TBC Brands and TBC International sales initiatives, including customer service, commercial tyre sales, equipment and non-tyre sales, and operations.
Continue ReadingBridgestone presents second-generation lunar tyre
It’s now around five years since Bridgestone Corporation announced it was developing tyres for a future Japanese mission to the Moon. The company has now presented its latest generation lunar rover tyre, which features “improved performance through research and development.” Bridgestone is showing this concept tyre at the 39th Space Symposium, which takes place in the USA between 8 and 11 April 2024.
Continue ReadingRemember This? – March 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 March 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.
Continue ReadingGT Radial sponsors Northampton Saints rugby union team
GT Radial is now the Official Tyre Partner, shorts sponsor and a ground advertiser with leading English Gallagher Premiership rugby union team Northampton Saints. As a result of the sponsorship, the GT Radial logo will be placed on the back right of the players’ shorts on both the home and away kits. The brand will also take a large advertising space in the Barwell Stand next to the electronic scoreboard, which can be seen from all sides of the 15,200 capacity stadium. The scoreboard will also display GT Radial advertising and brand recognition campaigns. GT Radial will also receive matchday tickets or hospitality at every home league game, and once-a-season use of the ultra-immersive Tunnel Club, a glass-walled restaurant situated between the home and away changing rooms with premium access matchday seats right next to the home dugout.
Continue ReadingNova Motorsport signs 5-year British Hillclimb Championship title sponsorship, tyre supply deal
Avon Motorsport brand licensee Nova Motorsport will continue the British brand’s legacy in the British Hillclimb Championship (BHC) as title sponsor and major tyre supplier. The new global motorsport tyre brand has signed a new five-year title sponsor partnership with the 30-round series, which commences at Prescott on 20 April 2024. Nova Motorsport said the deal represents a landmark strategic partnership, delivering “security of tyre supply for the championship” and ensuring its future. Nova Motorsport will be supported by BMTR, a long-standing partner of Avon Motorsport and now Nova Motorsport, as the official service provider and supplier of Avon Motorsport and Nova Motorsport tyres to the BHC.
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