Trail enters into an exclusivity agreement for the acquisition of Electropoli
Trail, the European private equity investment firm, today announces the signature of an exclusivity agreement to acquire Electropoli, a leading provider of surface treatment services in Europe, notably for the automotive industry.
Continue ReadingGermany: Wholesaler Gundlach begins €20 million expansion project
German tyre and wheel wholesaler Reifen Gundlach is investing more than 20 million euros in an additional production line for its tyre-and-wheel assembly business. Work on the project is under way, and the 25,000 square metre building that will house the line is expected to be completed by May. Plans call for the production line to be operational in time for this autumn’s winter tyre season. The project will create around 100 new jobs at Gundlach’s site in Daufenbach, some 40 miles southeast of Cologne.
Continue ReadingBFGoodrich launches Off-Road Centre network in Ireland
BFGoodrich is expanding its pan-European Off-Road Centre network into Ireland, initially working with 13 dealer partners in this market. Representatives from the dealerships – which BFGoodrich chose on the basis of their off-road tyre expertise – recently attended a launch event for the network in County Kildare.
Continue ReadingMarangoni: Meeting to discuss future of factories, workforce
This week a meeting took place at Italy’s Ministry of Economic Development to discuss the future of the workforce and production at the Marangoni S.p.A. plants in Rovereto and Ferentino. The meeting was attended by representatives from the retreading specialist, local government, trade unions and Italian bank Medio Credito Centrale.
Continue ReadingZF signs definitive agreement to acquire WABCO
ZF Friedrichshafen AG, a leading global technology group and supplier of mobility systems for passenger cars, commercial vehicles and industrial technology, has announced that it has entered into a definitive agreement to acquire WABCO for $136.50 per share. The planned acquisition has been approved by ZF’s management board and supervisory board and WABCO’s board of directors. Together, ZF and WABCO will form a leading global integrated mobility systems provider for commercial vehicles, creating added value for ZF’s commercial vehicle customers. The combined company will have sales of approximately €40 billion.
Continue ReadingGoodyear Proactive Solutions wins at International Bus Sustainability Awards 2019
The Goodyear Drive-Over-Reader, an automated tyre analysis and control system, has won first place at the International Bus Sustainability Awards in the ‘Tyres and Tyre Management’ category. The awards honour innovative companies and products that address the challenges of global sustainability. Thomas Sauer, marketing specialist for Goodyear Proactive Solutions EMEA received the award for Goodyear at the award ceremony in Berlin on 18 March, 2019.
Continue ReadingOfficial opening for Continental’s Thailand tyre plant
Continental’s new tyre making facility in Thailand is officially up and running. A ceremony was held yesterday to mark the occasion, with around 500 people present to mark inauguration of the 250-million-euro greenfield factory in Rayong. Production will now be ramped up to provide a capacity to manufacture some four million passenger car and light commercial vehicle tyres by 2022. These tyres will be sold locally and throughout the entire APAC region.
Continue ReadingNokian Tyres: Test rigging case referred to Prosecutor’s Office
Finland’s central police agency, the National Bureau of Investigation, has completed its pre-trial investigation related to Nokian Tyres and accusations of tyre test rigging. It has referred the case to the Prosecutor’s Office of Helsinki.
Continue ReadingMichelin appoints new Group Executive Committee members
Florent Menegaux, who will take up his post as chief executive officer of Michelin on 17 May, wants the company’s Group Executive Committee to place a greater focus upon strategic arbitrage. To aid the Committee’s evolution, the tyre maker has appointed three new senior managers.
Continue ReadingMichelin launches bespoke training offer to support dealer partners
Huw Lewis Tyres has become the first Michelin Auto Professional (MAP) dealer to benefit from bespoke new training. Michelin is delivering custom on-site coaching in a ‘real-world’ environment to help advocate dealers enhance customer offer and boost sales. The new training is available to the MAP network in the UK and Ireland during 2019, with the local Michelin territory business manager working closely with owners to focus training where it can have the biggest impact.
Continue ReadingNational Tyres and Autocare approved to award industry accreditation
National Tyres and Autocare, one of the largest independent fast fit tyre specialists in the UK are pleased to announce that they have been approved to deliver the Automotive Technician Accreditation (ATA) in Light Vehicle Inspection. National’s ability to provide rigorous quality training and development was at the core of the approval granted by the Institute of the Motoring Industry (IMI).
Continue ReadingMaxam MS302 OTR tyre receives Caterpillar OEM approval
Caterpillar Inc has approved the Maxam MS302 L3 tyre for use on specific Cat medium wheel loaders in size 23.5R25. The tyre is currently available as a factory fitment option on Cat 950GC, 950L, 950M, 962L, and 962M in certain regions. Additional Maxam MS302 tyre sizes have also been validated and approved for future factory fitment on additional Cat medium wheel loaders.
Continue ReadingPrometeon introduces Anteo truck brand
A new brand of truck tyres from the company behind the Pirelli commercial range is being launched in Milan this afternoon. At launch the new Anteo line-up will consist of six products.- Pro T, Pro D and Pro T steer, drive and trailer tyres for on-road use, as well as Mover M, Mover S and Mover D for on/off-road applications.
Continue ReadingHankook strike in Hungary ends
The strike at Hankook Tires plant in Hungary is over. The tyre maker reports reaching an agreement with trade union VDSZ last week. Hankook will provide workers financial incentives to perform shift work as well as offer bonuses for long service and achieving set goals.
Continue ReadingLinglong Tire to officially start Serbia plant project
The City of Zrenjanin in Serbia reports that Linglong Tire will lay a symbolic foundation stone on 30 March to mark the start of construction work on its new tyre factory. The ceremony will be attended by China’s ambassador to Serbia as well as national and local officials.
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