![Sunderland chosen as site for ‘UK’s greenest’ tyre recycling plant](https://www.tyrepress.com/wp-content/uploads/2020/08/Wastefront-Sunderland-plant-site-2.jpg)
Sunderland chosen as site for ‘UK’s greenest’ tyre recycling plant
Norwegian waste tyre recycling company Wastefront has chosen Port of Sunderland as the location for its first plant. Construction will begin in 2021. The company says that on completion it will be “the greenest waste tyre recycling plant in the UK.” The plant will convert locally-sourced End-of-Life Tyre (ELT) waste into useful commodities, including liquid hydrocarbons and carbon black, which can then be reutilised in processes such as alternative fuel or ground rubber manufacturing. The construction of the plant is expected to generate around 100 jobs in the region and, once fully up and running in the second half of 2022, the plant will employ up to 30 people full time. It is estimated the investment will be around £25 million.
Continue Reading![Hankook, David Garrett perform UEFA Europa League anthem ‘remix’](https://www.tyrepress.com/wp-content/uploads/2020/08/20201819_Hankook_and_David_Garrett_compose_remix_of_UEFA_Europa_League_Anthem_02-scaled.jpg)
Hankook, David Garrett perform UEFA Europa League anthem ‘remix’
Hankook has collaborated with violinist David Garrett and composer Franck van der Heijden for a performance of the official UEFA Europa League anthem. Captured in a video titled ‘Symphony of Silence’, the performance aims to capture feelings about the empty stadiums hosting 2020 sporting events due to pandemic restrictions. The 2019/20 European club football season, including the Hakook supported Europa League, is completing its final stages without fans. Garrett’s performance was captured by Luke Bannister, five-time world champion in first person view drone racing, in an empty stadium to reflect this experience. The video will premiere on YouTube, Instagram, and Hankook’s website today (Thursday, 20 August, at 21:00 CET) one day ahead of the UEFA Europa League Final 2020.
Continue Reading![GRI develops Sri Lanka’s first winter OTR tyre](https://www.tyrepress.com/wp-content/uploads/2020/08/GRI-Winter.jpg)
GRI develops Sri Lanka’s first winter OTR tyre
GRI has developed what is purportedly Sri Lanka and the company’s first winter off-the-road (OTR) tyre for the Japanese market. Designed in collaboration with its Japanese partner, the Gripex Snow tyre is designed to withstand the winter weather and distinct terrain of Hokkaido prefecture in northern Japan. The new tyre is fitted on vehicles used in sub-zero temperatures in order to offer “optimal traction and higher stability on snow”.
Continue Reading![Tyre recycling and energy generation – why the time is now](https://www.tyrepress.com/wp-content/uploads/2020/08/irr-w2e-continuous-pyrolysis2-scaled.jpg)
Tyre recycling and energy generation – why the time is now
Early in 2020 the UK government suggested a tentative plan to ban the export of all end of life tyres (ELTs). The timing was unfortunate, with the challenges of the rest of 2020 becoming increasingly apparent at the start of spring. However, with strict recycling, energy from waste, and environmental targets to meet over the next twenty years or so, many companies are pressing ahead in raising awareness and innovating within the broad recycling sector. ELTs represent a particularly important part of the new era in recycling introduced by the UK’s Environment Bill, not least because of new and incoming measures internal and external against used and end of life tyre exports, a popular, yet often damaging solution to the problem. Rory Hughes, technical director at IRR Waste 2 Energy, and a waste and recycling expert with more than 35 experience in the industry, told Tyrepress why adopting a more holistic approach to tyre recycling is the way forward.
Continue ReadingGlobal auto demand to shrink by up to 20% says analyst
Scope Ratings GmbH is predicting a slump in the order of 15-20 per cent in the European automotive market this year. Sales in Western Europe are among the worst hit, with a predicted 21 per cent fall in light vehicle demand. Having said that, the European credit rating agency says that the region’s car manufacturers have proved surprisingly resilient.
Continue Reading![Pirelli’s Stella Bianca tyre returns to Silverstone track after 70 years](https://www.tyrepress.com/wp-content/uploads/2020/08/sb-scaled.jpg)
Pirelli’s Stella Bianca tyre returns to Silverstone track after 70 years
Pirelli’s Stella Bianca – which translate’s as “White Star” – is synonymous with the golden age of motor racing. In 1950, Giuseppe Farina won the first race of the first Formula 1 Championship in his Alfa Romeo fitted with the tyre. The replica tyre returned to Silverstone this year to mark the 70th Anniversary Grand Prix, complete with a little white star on the sidewall: a motif shared with the road-going tyres that carried the same name. The Pirelli Stella Bianca will now enjoy a permanent place in Silverstone history, as the F1 tyre supplier donated the tyre to the new Silverstone Experience museum.
Continue Reading![Hankook renews support for Air Ambulance Service](https://www.tyrepress.com/wp-content/uploads/2020/08/20200810_EN_Hankook_continues_to_support_the_Air_Ambulance_Service-scaled.jpg)
Hankook renews support for Air Ambulance Service
Hankook Tyre UK has renewed its partnership with the Air Ambulance Service, first established with the first sets of tyres supplied in 2017. The tyre manufacturer provide tyres for its Rapid Response Critical Care car fleet, which supports its helicopter fleet, throughout 2020. Since the partnership began, the Air Ambulance Service have been able to switch to operating 24 hours a day, 365 days a year, and have extended their car fleet with the addition of two new Škoda Kodiaqs.
Continue ReadingConti rated as ‘buy’ for ‘best cost base’ in the tyre business
Following comparably strong second-quarter 2020 results, some financial analysts have confirmed their “buy” rating for Continental AG shares. The reason? Ongoing cost-cutting plans as well as “deep restructuring measures”. Writing in an investor’s note published on 7 August, Jefferies equity research suggested Conti’s planned spin-off of its Vitesco powertrain operation plays a key role in this strategy:
Continue Reading![Yokohama remains profitable in 1H 2020, despite coronavirus](https://www.tyrepress.com/wp-content/uploads/2020/08/Yokohama-H1-2020.jpg)
Yokohama remains profitable in 1H 2020, despite coronavirus
The Yokohama Rubber Co., Ltd’s first half 2020 profit might have declined 92.5 per cent compare with the same period of the previous year to 1.3 billion yen (£9.321 million; 10.322 million euros, US$12.220 million), but the company did remain profitable as all tyre manufacturers have faced serious headwinds due to coronavirus. Operating profit fell 86.8 per cent to 2.9 billion yen. And salves fell 20.6 per cent to 247.1 billion yen.
Continue Reading![Toyo 2Q operating income down 48%](https://www.tyrepress.com/wp-content/uploads/2020/08/Toyo-2Q-2020.png)
Toyo 2Q operating income down 48%
Toyo Tire Corporation reported net sales of 150,586 million yen (£1.1081 billion; 1.195 billion euros; $1.414 billion), a decrease of 15.7 per cent compared with the same period in 2019. Operating income, which amounted to 7,928 million yen (£59.923 million; 63.027 million euros; $74.443 million), down 48.3 per cent on 2019, was hit worst.
Continue Reading![Nokian Tyres net sales down over 30%](https://www.tyrepress.com/wp-content/uploads/2020/08/Tyre_Maintenance_Nokian_Summer_Tyres_001-scaled.jpg)
Nokian Tyres net sales down over 30%
Nokian Tyres has reported second quarter 2020 net sales of 270.7 million euros. In the comparative period 2019, this figure was 415.7 million euros. Therefore, the Finnish company’s second quarter net sales were 30 per cent lower than this time last year.
Continue Reading![Cooper reports $6 million 2Q loss, international business beat 2019 result](https://www.tyrepress.com/wp-content/uploads/2020/01/Cooper-logo-Print.jpg)
Cooper reports $6 million 2Q loss, international business beat 2019 result
Cooper Tire & Rubber Company reported a second quarter 2020 net loss of US$6 million on 3 August 2020 compared with net income of $9 million in the same period last year. Net sales decreased 26.9 per cent to $496 million. Operating profit was $5 million, or 1.1 per cent of net sales, compared to operating profit of $32 million (4.7 per cent of net sales) in 2019.
Continue Reading![Goodyear expanding direct online tyre sales across Europe](https://www.tyrepress.com/wp-content/uploads/2020/07/Goodyear-David-Anckaert-scaled-e1595502108588.jpg)
Goodyear expanding direct online tyre sales across Europe
Goodyear has been marketing its passenger car tyres in Germany directly to end users for fitting by a listed partner for roughly six months. And for years before that there has been a noticeable trend towards online selling. Following on from our online preview article, Tyres & Accessories’ German group publication Neue Reifenzeitung interviewed David Anckaert, vice president Commercial Europe at The Goodyear Tire & Rubber Company and began by asking: is it too early to draw initial conclusions? And where’s next?
Continue Reading![Goodyear reports Q2 net loss of US$696 million](https://www.tyrepress.com/wp-content/uploads/2020/08/GY-2Q20_2.png)
Goodyear reports Q2 net loss of US$696 million
Goodyear Tire & Rubber reported a Q2 2020 net loss of $696 million ($2.97 per share) compared to net income of $54 million ($0.23 per share) a year ago in financial results released 31 July 2020. Goodyears second quarter 2020 sales were $2.1 billion, down 41 per cent compared with a year ago. According to the company, the decline was driven by “lower industry volume and reduced sales from other tyre-related businesses.” However, there are signs that demand is improving.
Continue Reading![(Not) the end of an era…](https://www.tyrepress.com/wp-content/uploads/2020/08/tip-corner.jpeg)
(Not) the end of an era…
At the end of July a significant chapter in the history of Tyres & Accessories came to an end, with the closure of the companys offices in Clacton-on-Sea. The closure has been hastened by the effects arising from the coronavirus pandemic, and means that all editorial, administrative and advertising functions are now handled exclusively by the companys head office in Stoke-on-Trent. This meant that T&As two longest-serving employees could enjoy a well-deserved retirement. Advertising manager Alan Day joined the magazine early in 1990, while company secretary Pat Aldous was employed for six weeks maternity cover in 1977. It proved to be a long six weeks, as she never left! Alan and Pats friends and colleagues - both in the UK and in Germany and Italy - wish them all the best for a long and happy retirement.
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