ZC Rubber revisits Jiangsu factory plan
After a 12-year pause, it appears that ZC Rubber decided on 12 August 2024 to restart its project to set up a tyre manufacturing facility in Jiangsu, China. The reactivated plan calls for an investment of RMB 5 to 6 billion (£539.1 million to £646.9 million), some 25 per cent less than the investment first announced in June 2012. ZC Rubber intends to build a 410,000 square metre production facility on a 56-hectare site. Construction will take place between 2024 and 2026 and result in a plant with a capacity to make 25 million semi-steel tyres annually.
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Chris Harris debuts as Maxxis brand ambassador
During a PalmerSport event held this morning at the Bedford Autodrome, Stapleton’s introduced new brand ambassador Chris Harris to an enthusiastic audience of key Maxxis dealers. PalmerSport also provided Harris with an environment to work his driving magic while interacting with key Maxxis dealers, who also had the opportunity to demonstrate their own abilities on the track.
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Crowds drawn to Bridgestone & Kwik Fit activations at BMS
Bridgestone, in collaboration with Kwik Fit, reports making its “biggest impression ever” at the British Motor Show, conducting over 800 tyre safety checks and showcasing its products through innovative holographic displays. This year’s event, held at Farnborough International from 15 to 18 August, marked Bridgestone’s third consecutive appearance. The company had the opportunity to engage with over 70,000 visitors. Bridgestone and Kwik Fit also served as exclusive partner sponsors of the Motorsport Arena and Hall Five.
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DTM management join Caledonia Investments to acquire tyre management firm
Direct Tyre Management Limited (DTM) is under new ownership. Self-managed investment trust company Caledonia Investments plc has acquired a majority stake in the independent outsourced fleet tyre management services provider for £55 million. The DTM management team has reinvested alongside Caledonia to obtain 100 per cent of the business from investors, including Palatine Private Equity.
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GB Tyres becomes exclusive UK dealer for Advance Tyre agricultural products
GB Tyres (UK) Ltd has been appointed exclusive distributor of Advance Tyre agricultural products in the UK. The company views this arrangement as a milestone that will allow it to provide a wider range of quality products for the agricultural market.
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ISCC PLUS for Nokian Tyres’ Finnish plant
The Nokian Tyres factory in Nokia, Finland, has achieved the International Sustainability and Carbon Certification (ISCC) PLUS. This certification allows the company to incorporate new sustainable, ISCC PLUS certified raw materials into its tyres.
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Read or download Tyres & Accessories Magazine August 2024 issue
In the August 2024 issue of Tyres & Accessories are special features on the online tyre business and all-season and winter tyres. The issue is now available as an e-paper for subscribers to Tyrepress. The issue also features the inside story on Yokohamas latest acquisition in the OTR tyre sector, as it brings Goodyears specialist division into the fold. 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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Linglong continues VfL Wolfsburg partnership in 2024/25 Bundesliga season
Linglong Tire will continue its sponsorship deal with the Bundesliga club VfL Wolfsburg, starting with the club’s 2024/25 season-opening cup match at TuS Koblenz. VfL Wolfsburg are famously supported by Primary Partner Volkswagen, Europe’s largest automaker, out of whose sports club the team developed – one of the reasons the club is particularly attracting to the globalising Chinese tyre manufacturer, which is one of the club’s “Top-Partners”. In addition to the men’s team, Linglong will support the womens team of VfL Wolfsburg, reigning German Cup winners.
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Cheng Shin’s net profit surges in the first half of the year
In the first half of 2024, Cheng Shin Rubber’s revenue was NT$48 billion (about RMB 10.6 billion; £1.16 billion; €1.35 billion). In the same period, the tyre manufacturer’s net profit was NT$4.58 billion (about RMB 1 billion; £110 million; €130 million).
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European Commission approves Romanian state aid for Nokian Tyres factory
The European Commission has approved Romanian state aid worth 99.5 million euros (RON 495.2 million) to support the construction of Nokian Tyres’ new zero-CO2 tyre factory in Oradea, Romania – the first such factory in the world. Nokian Tyres says its total investment in the project is worth 650 million euros. Construction started in May 2023. Once completed the factory will produce approximately 6 million tyres per year with the potential for future expansion. The first tyre was produced on 1 July 2024. Commercial production is due to start in early 2025.
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Goodyear invests US$419 million expanding its Canadian tyre factory
The Goodyear Tire & Rubber Company is investing over 575 million Canadian dollars - CAD (£367 million; 382 million euros; US$419 million) modernizing its Napanee, Ontario, plant “to meet the evolving and diverse needs of the electric vehicle (EV) and all-terrain markets”.
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Fleet achieves 50,000 autonomous long-haul trucking miles on Bridgestone tyres
In the U. S., J. B. Hunt Transport Services, Inc., Bridgestone Americas and Kodiak Robotics, Inc., have celebrated an ongoing collaboration that has surpassed 50,000 autonomous long-haul trucking miles, incorporating Kodiak autonomous trucks to ship Bridgestone passenger car tyres between South Carolina and Dallas. Since launching in January, the autonomous route has been driven with no accidents and achieved 100 per cent on-time pick-up and delivery, according to the companies.
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Toyo Tire reports 78% increase in operating income in Q2 2024 results
Toyo Tire Corporation reported net sales of 273,501 million yen in consolidated business results for the second quarter of 2024 ended 30 June. That figure is up 3 per cent to 8,044 million yen compared with the same period in 2023.
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Avon tyre production restarts with Nova Motorsport in Portugal
Nova Motorsport has produced the first Avon Motorsport ACB9 Formula Ford and Avon Traction Mileage tyre for classic Land Rovers at its new manufacturing facility in Portugal. The plant, acquired from Camac in May 2024, is equipped with moulds and manufacturing equipment from the former Avon factory in Melksham.
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Heavy tyre tube production shifting to Nokian Tyres’ Nokia plant
Nokian Tyres is investing in a new production line for heavy tyre inner tubes at its factory in Nokia, Finland. The company expects that the first inner tubes made in Nokia will be ready in the first half of 2025. Production in Nokian replaces the manufacture of inner tubes in Lieksa, Finland, where production will end in stages during 2025.
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