Cabot buys Chinese nanotube supplier for $115 million
On 6 January 2020, Cabot China Limited, a wholly owned subsidiary of Cabot Corporation agreed to buy Shenzhen Sanshun Nano New Materials Co., Ltd, a leading carbon nanotube (CNT) producer in China. The $115 million pricetag reportedly includes “liabilities and contingent payments”. According to the company, the move is designed to strengthen Cabot’s position in the high-growth batteries market, particularly in China, which is the largest and fastest growing electric vehicle market in the world.
Continue Reading![Linglong car tyre plant commissioned](https://www.tyrepress.com/wp-content/uploads/2020/01/Hubei-Linglong-PCR.jpeg)
Linglong car tyre plant commissioned
A ceremony was held on 11 January to officially inaugurate car tyre production at the Hubei Linglong Tire Co., Ltd. facility in Jingmen, China. The event was held in the same location where TBR tyre production was commissioned in December and was attended by nearly 600 guests.
Continue Reading![Hankook Tire opens office for Austria & Switzerland](https://www.tyrepress.com/wp-content/uploads/2020/01/Hankook-Austria-Swiss.jpg)
Hankook Tire opens office for Austria & Switzerland
Hankook Tire is aiming for a “double-digit” share of the market in Austria and Switzerland, and to help grow the Hankook brand in both countries it has opened a new branch office in Vienna.
Continue ReadingNew Mercedes-Geely JV is good for both, GlobalData
Following the announcement that Mercedes-Benz and Zhejiang Geely Holding Group have formally established the global joint venture (JV) ‘smart Automobile Co., Ltd’ for the Smart brand after receiving the necessary regulatory approvals, David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view:
Continue ReadingNokian Tyres looking to build on “pivotal year” in North America
Nokian Tyres is looking forward to growing its customer base in North America thanks to the strides it made in 2019, a year during which it set up a new facility in Dayton, Tennessee and built up its workforce in North America.
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Chichester Council extends Bandvulc supply/management contract
Chichester District Council has extended its tyre supply and management contract with Bandvulc for its fleet of 26 Mercedes-Benz ‘Econic’ refuse collection vehicles for a further two years.
Continue Reading![Bridgestone showcasing global mobility solutions at CES 2020](https://www.tyrepress.com/wp-content/uploads/2020/01/1576591457.advanced-air-free-tire.jpg)
Bridgestone showcasing global mobility solutions at CES 2020
Bridgestone is making its first-ever appearance at the annual Consumer Electronics Show (CES) in Las Vegas. The company is using an interactive display to demonstrate its mobility solutions for current mobility and future autonomous vehicles. They focus on extended mobility, improved safety and increased efficiency.
Continue Reading![Goodyear launches fleet servicing platform at CES](https://www.tyrepress.com/wp-content/uploads/2020/01/andgo-logo.jpg)
Goodyear launches fleet servicing platform at CES
Goodyear has unveiled AndGo, a vehicle servicing platform that combines predictive software and its US service network for consumer fleets, at the 2020 Consumer Electronics Show in Las Vegas. Currently available in selected US markets, the company states that it will expand its coverage by the middle of 2020.
Continue Reading![Bridgestone Enliten tyre technology a sign of commitment to CASE future](https://www.tyrepress.com/wp-content/uploads/2020/01/bridgestone-2019-oe-review.png)
Bridgestone Enliten tyre technology a sign of commitment to CASE future
The world’s largest tyre manufacturer has outlined how its latest technologies and partnerships with leading car manufacturers are to help it increase sustainability in 2020. Bridgestone states that its car manufacturer partners sought its expertise on various partnerships throughout 2019, including ground-breaking CASE (Connected, Autonomous, Shared and Electric) projects, and the performance benefits of new tyre technologies, such as its Enliten technology, which it plans to extend to an increasing number of tyres this year. Bridgestone said these partnerships led to approximately 100 new original fitments in the EMEA region, similar to its best-ever 2018 OE results, spread across more than 50 different models from 14 manufacturers. The tyre manufacturer’s 18” diameter or greater OEM fitments have increased by over 10 per cent since 2018, it added.
Continue ReadingMichelin implements partial share buyback management agreement
An investment services provider has been called upon to implement the share buyback programme authorised by Michelin at its Annual Shareholders Meeting on 17 May 2019. An agreement to this effect was signed on 7 January 2020.
Continue ReadingGoodyear announces ‘Goodyear Ventures’ capital fund
Via a new venture capital fund announced at the 2020 Consumer Electronics Show yesterday, Goodyear Tire & Rubber Company will set aside US$100 million for new investments in future mobility solutions over the next ten years.
Continue Reading![SAR Elektronic GmbH and Pelmar Engineering sign sales MoU](https://www.tyrepress.com/wp-content/uploads/2020/01/thumbnail_SAR-3.jpg)
SAR Elektronic GmbH and Pelmar Engineering sign sales MoU
SAR Elektronic GmbH and Pelmar Engineering Ltd. recently signed a Memorandum of Understanding between the companies for the sale and distribution to the tyre industry worldwide. SAR manufactures advanced machinery for applications of glue and foam into radial passenger tyres to enhance puncture protection and noise reduction.
Continue Reading![Goodyear Farm Tires secures new UK distributor](https://www.tyrepress.com/wp-content/uploads/2020/01/Goodyear-Farm-Tires.jpg)
Goodyear Farm Tires secures new UK distributor
Cornwall-based tyre specialist Geoffrey Harris Tyres has become the latest UK distributor of Goodyear Farm Tires. The company, which sold Goodyear agricultural tyres from 1968 to 2011, wasted no time renewing that relationship when the famous brand returned to the UK and European markets this year.
Continue Reading![Servicesure celebrates New Year with darts partnership](https://www.tyrepress.com/wp-content/uploads/2020/01/Peter-Wright.jpg)
Servicesure celebrates New Year with darts partnership
Servicesure, the national garage network of The Parts Alliance, had reason to celebrate this New Year thanks to its partnership with darts champion Peter ‘Snakebite’ Wright. The 49-year old Scottish darts player won the 2020 PDC World Darts Championship on New Year’s Day.
Continue ReadingBridgestone decreases stake in Nokian Tyres
Bridgestone Corporation has significantly reduced its shareholding in Nokian Tyres. In a stock exchange release, the Finnish tyre maker reports that, as of 12 December 2019, Bridgestone’s shareholding has decreased from 9.96 per cent to 3.0 per cent. Bridgestone now holds 4,167,653 shares in Nokian Tyres.
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