Liqui Moly appoints new marketing director
On 1 January 2025, Liqui Moly marketing director Peter Baumann is retiring after 39 years. His successor is Marco Esser, who was previously deputy marketing director.
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Groundbreaking for Yokohama Tire plant in China
Yesterday morning, Yokohama Rubber held a groundbreaking ceremony for its Hangzhou Qiantang Yokohama Tire Co., Ltd plant in China. Yokohama Rubber intends for the factory to begin operations in 2026 with an initial production capacity of 9 million passenger car tyres a year, a quantity that will deliver estimated annual revenues of RMB 3.5 billion (£379.6 million). The factory’s planned final yearly capacity is 14 million tyres.
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Phase 2 expansion begins following Haohua Vietnam inauguration
Some six weeks after the actual start of production at the Haohua Vietnam Co., Ltd tyre factory, company officials hosted national and local dignitaries for the facility’s inauguration on 14 December. During the ceremony, the company shared details about the planned second phase of development at the site.
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Ecolomondo awaits replacement milling line
With the installation of a new milling line at its Hawkesbury site in Canada, Ecolomondo Corporation will have the capacity to mill an additional tonne or so (2,200 lbs) of recovered carbon black (rCB) hourly. This milling line replaces a previously installed line which failed to achieve the promised output of 725 kg (1,600 lbs) per hour of rCB and additionally didn’t yield the particle size of 10-15 microns required by many Ecolomondo rCB off-takers.
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Tyres & Accessories launches new long-term analysis publication, Trends & Facts
Tyre Industry Publications, the publisher of the market-leading monthly magazine for tyre and wheel professionals, Tyres & Accessories, has produced a new special publication examining some of the long-term trends from the tyre business in detail. Trends & Facts takes a long-term view of topics such as the online tyre business, dynamics in the passenger car and light truck tyre segments, and the state of tyre manufacturing in Russia to take the temperature of the wider tyre sector in 2024. It is the perfect complement to Tyres & Accessories’ blend of industry stories and market analysis. Available as a standalone publication for instant download, the magazine is offered as a membership benefit to all existing and new subscribers to Tyres & Accessories (print and digital) or Tyrepress (digital only) - see our subscription shop to find out how to become a member today.
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Sailun to reduce risk with currency hedging programme
Sailun Group Co., Ltd. has authorised a foreign exchange hedging programme to mitigate risks from currency fluctuations affecting its operations, particularly those related to US dollar and euro denominated transactions. The programme, approved by the company’s Board of Directors on 13 December and confirmed by its Supervisory Board, allows for transactions up to RMB 6 billion (£653.1 million) or its equivalent in foreign currencies between 1 January and 31 December 2025.
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Nokian Tyres & Continental – 9 decades of winter tyres
The winter tyre is 90 years old in 2024. Nokian Tyres brought the Kelirengas, its first product with a winter-specific tread pattern, to market in 1934. This was also the year that Continental threw its hat into the winter tyre ring with a tyre called the Gelände.
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Remember This? – December 2024
Stories from the past 20 years of T&A: 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 November 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. December 2019: Continental held a topping out ceremony at its new HQ in Hannover, Germany.
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Tyre News in Numbers December 2024
Tyres & Accessories’ monthly News in Numbers column identifies the most important statistics of the month, giving you a quick snapshot of some major industry stories. Below, we look at the numbers, big and small, that made the news in the December 2024 magazine. Click the embedded links to read more on each article... €44 billion: The extent of the European tyre industry’s contribution to the regional economy last year, according to a report prepared for the European Tyre and Rubber Manufacturers Association (ETRMA)...
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Tyres & Accessories December 2024 issue out now in print and online
The December 2024 issue of Tyres & Accessories is available now for Tyrepress subscribers to read online or download. In this issue we present the latest analysis, partnerships and product news from the fleet tyre segment, with a particular focus on light commercial vehicles, and tyre manufacturing and raw materials. Also featuring the latest news and analysis from the international tyre business, this issue includes an analysis of the latest report from one of the UKs largest retail chains, Halfords. Non-subscribers can gain access to Tyrepress with a print or online subscription. Tyre professionals can take advantage of the current Tyrepress Membership offer, helping to drive business online and stay informed with the industry’s leading magazine and websites.
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Management & job cuts – Evonik announces restructuring
German specialty chemicals company Evonik has announced plans to adopt a “new segment structure” and a “significantly leaner management model” that will lead to significant job cuts. From April 2025 its business units, currently grouped into four divisions, will be corralled into two segments – Custom Solutions and Advanced Technologies – and managed directly by members of the company’s Executive Board.
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Nexen Tire sponsors FC Bayern München
Nexen Tire has announced a strategic global marketing partnership with Germany’s premier football club, Bayern München, which will commence in the second half of the 2024-2025 season. FC Bayern München is one of the most successful clubs in Germany’s Bundesliga, having won a record six Union of European Football Associations (UEFA) Champions League titles.
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Marangoni invests in extruder for OTR production
With the installation and commissioning of a new, state-of-the-art production machine at its Rovereto site in Italy, Marangoni is looking forward to significantly enhancing the “quality and efficiency of the retreading process.” This investment in an Omega OTR 49 extruder, developed by Marangoni subsidiary TRM (Tyre Retreading Machinery), represents “another milestone” in the retreading specialist’s “commitment to excellence” and the “continuous improvement” of its retreaded tyre production.
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Elite Garages opens Fareham site
With the opening of a new centre in Fareham, Elite Garages has opened its 18th location. Elite Garages Fareham is located on 282 West Street, Fareham, and like the 17 sites that came before it, offers MOTs, tyres, servicing and mechanical repairs.
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Continental to spin-off Automotive group sector
Following a detailed evaluation, the Executive Board of Continental AG has decided to spin off its Automotive group sector business. Subject to the approval of the company’s Supervisory Board in March 2025, shareholders will vote upon the spin-off at the Continental Annual Shareholders’ Meeting scheduled for 25 April 2025. The spin-off will then likely take place by the end of 2025, with preparations for it completed by the end of the third quarter.
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