Goodyear, Envoy Technologies pilot digital EV service solution
Goodyear has announced a new pilot programme, which sees the tyremaker partner with Envoy Technologies, a provider of shared on-demand, community-based electric vehicles (EVs).
Continue Reading![Yokohama supporting Chelsea FC pre-season match](https://www.tyrepress.com/wp-content/uploads/2019/03/yoko-chelsea.jpg)
Yokohama supporting Chelsea FC pre-season match
This year, Chelsea FC will play a pre-season match in Japan, an event sponsor Yokohama Rubber has previously requested. The tyre maker has now announced its support of the fixture, which is scheduled for 19 July – it intends to “work closely with Chelsea” while the team is in Japan to “bring Japanese fans closer to the ‘Blues’ ahead of the 2019/20 season.”
Continue Reading![Bigger tyres, less jobs: Goodyear announces bittersweet investment for Germany](https://www.tyrepress.com/wp-content/uploads/2019/03/Goodyear-Hanau.jpg)
Bigger tyres, less jobs: Goodyear announces bittersweet investment for Germany
Goodyear is investing 106 million euros (£90.6 million) to modernise two of its tyre plants in Germany. The investment in the Hanau and Fulda facilities will increase their capacities to produce tyres for 17-inch and larger rim diameters; Goodyear Dunlop Tires Germany intends to add an extra 2.5 million units to its annual capacity in this segment. But it isn’t all good news – the company reports that these modernisation measures will lead to the loss of approximately 1,100 jobs.
Continue ReadingTrelleborg acquires Italian agricultural tyre distributor
Trelleborg Wheel Systems has acquired Provana Solutions srl and Provana Quality Center srl. Provana Solutions specializes in the distribution and service of tyres and complete wheels to tractor dealers and farmers in Italy. Provana Quality Center provides testing of various tyre solutions to original equipment manufacturers (OEMs) of agricultural machinery. The acquisitions will enable the development of the business area’s service concept for agricultural tyres in Europe.
Continue Reading![STARCO boosting capacity at Croatia wheel plant](https://www.tyrepress.com/wp-content/uploads/2019/03/starco-croatia.jpg)
STARCO boosting capacity at Croatia wheel plant
A 7.2-million-euro investment will lift capacity at the STARCO wheel manufacturing facility in Croatia by 75 per cent over the coming four years. This demand-driven increase covers a range of wheel types, including pressed, spun, made-to-measure and dual wheels. The company comments that most of the investment will take place during the first year.
Continue ReadingVietnam factory: Guizhou Tyre establishes subsidiary
It’s almost two years since we first heard of Guizhou Tyre Co. Ltd’s intention to establish a plant in Vietnam, and plans have been taking shape since then. On 4 March, the Chinese tyre maker’s Board of Directors approved the establishment of a new wholly-owned subsidiary.
Continue ReadingKumho delisting from London Stock Exchange
Kumho Tire plans to delist its shares from the London Stock Exchange (LSE) at the end of April 2019, according to South Korean company filings.
Continue Reading![Falken reorganises European management](https://www.tyrepress.com/wp-content/uploads/2019/03/Markus-Bögner-2019.jpg)
Falken reorganises European management
Falken Tyre Europe has revised its management structure. As a result, Markus Bögner, existing COO and managing director, is now COO and president of Falken Tyre Europe. Bögner, who has been at Falken since 2009, was primarily responsible for sales and marketing. The new role, effective from 1 March, enables Bögner to “focus on the overall running and performance of the growing business”, according to the company.
Continue Reading![Michelin maintains position as world’s most valuable tyre brand: Brand Finance](https://www.tyrepress.com/wp-content/uploads/2018/06/michelin-man-120.jpg)
Michelin maintains position as world’s most valuable tyre brand: Brand Finance
Michelin has defended its title as the world’s most valuable tyre brand despite a 9 per cent decrease in brand value to US$7.2 billion, according to the latest report by leading independent brand valuation and strategy consultancy, Brand Finance.
Continue Reading![Bridgestone to show ‘world’s largest’ 4m tyre at Bauma 2019](https://www.tyrepress.com/wp-content/uploads/2019/03/bridgestone-bauma.jpg)
Bridgestone to show ‘world’s largest’ 4m tyre at Bauma 2019
Bridgestone will return to construction and mining trade fair Bauma in 2019, presenting a selection of tyres, industrial products and targeted solutions developed for the industry. Bridgestone produces tyres for the world’s largest mining trucks, and will display one of these four-metre-tall tyres, the largest in the world, on its stand, alongside several new products.
Continue Reading![Giti Tire SUV products outpacing market growth](https://www.tyrepress.com/wp-content/uploads/2019/03/giti-suv2.jpg)
Giti Tire SUV products outpacing market growth
Year-on-year growth in the SUV tyre segment has become something of a given in recent years. The popularity of this market segment has been a beacon for car-makers in Europe, as the number of new models in the last decade shows. In terms of tyres, this has meant increases in larger, higher value products, both in the original equipment and replacement markets, the results of which are analysed elsewhere in this section. Volume and value growth in the UK replacement market, at 10 and 15 per cent respectively, has been healthy again in the last year.
Continue Reading![Dongfeng & Maxion Wheels form aluminium wheel JV](https://www.tyrepress.com/wp-content/uploads/2019/03/DongfengMaxionWheelsKeyVisual1.jpg)
Dongfeng & Maxion Wheels form aluminium wheel JV
Maxion Wheels, the world’s largest wheel manufacturer, has entered into an agreement to form a new passenger car aluminium wheel joint venture with Dongfeng Motor Parts and Components Group, one of China’s largest automotive parts companies. The new legal entity, Dongfeng Maxion Wheels, will build a new two-million per year capacity plant in Hubei Province, China. Series production is scheduled to begin in the second half of 2020.
Continue Reading![Hankook Tire: Operations in Hungary continuing despite strike](https://www.tyrepress.com/wp-content/uploads/2019/03/Hankook-Logo.jpg)
Hankook Tire: Operations in Hungary continuing despite strike
Yesterday the Federation of Chemical Workers of Hungary (VDSZ) announced the start of an indefinite strike at the Hankook Tire factory in Rácalmás, Hungary. With this measure, the trade union is placing pressure upon the tyre maker to modify the terms of the wage increase it announced for 2019. What then is Hankook Tire offering plant workers, and why doesn’t the VDSZ like it?
Continue Reading![Countdown begins to Lucas engine management switchover](https://www.tyrepress.com/wp-content/uploads/2019/03/Lucas-Product-Group.jpg)
Countdown begins to Lucas engine management switchover
An additional 1500 parts will be added to the Lucas engine management range when Standard Motor Products Europe (SMPE) becomes the official UK & Ireland licensee on 1 May 2019.
Continue Reading![Schaeffler wins international ‘Supplier Of The Year’ award](https://www.tyrepress.com/wp-content/uploads/2019/03/Schaefflers-Nexus-award-Michael-Söding-far-right.jpg)
Schaeffler wins international ‘Supplier Of The Year’ award
Schaeffler has been named Supplier of the Year by Nexus Automotive International, a trading group represented in the UK by The Parts Alliance.
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