![L4T Group extends tyre recycling remit to USA](https://www.tyrepress.com/wp-content/uploads/2021/08/placeholder-sml.jpg)
L4T Group extends tyre recycling remit to USA
Ireland-based end-of-life-tyre recycling company Life for Tyres Group (L4T Group) is establishing its first processing facility in the USA. Government agency Louisiana Economic Development shares that L4T Group will set up shop at the Port of South Louisiana, investing US$46 million to build a plant on a 10-acre (4-hectare) site.
Continue Reading![Goodyear’s rationalisation plan – will Beaurepaires disappear from Australia?](https://www.tyrepress.com/wp-content/uploads/2023/07/australian-flag.jpg)
Goodyear’s rationalisation plan – will Beaurepaires disappear from Australia?
Last September, The Goodyear Tire & Rubber Company approved a “rationalisation plan” for its operations in Australia and New Zealand, an overhaul that involves divesting or closing 100 retail and fleet locations and nine warehouses. With Australian media reporting that negotiations for a sale have faltered, the number of retail sites to close may end up being more than this quoted figure.
Continue Reading![Yokohama commits to SBTi](https://www.tyrepress.com/wp-content/uploads/2018/11/hevea-rubber-trees-sml.jpg)
Yokohama commits to SBTi
On 30 January The Yokohama Rubber Co., Lt. submitted a commitment letter to the Science Based Targets Initiative (SBTi)1, the first step in gaining validation of science-based targets (SBTs) for greenhouse gas emission reductions consistent with standards established by the Paris Agreement.
Continue Reading![Tyremakers sued in US class action antitrust lawsuit – public communications and high prices at centre of case](https://www.tyrepress.com/wp-content/uploads/2024/02/Price-Graph.png)
Tyremakers sued in US class action antitrust lawsuit – public communications and high prices at centre of case
Days after the European Commission announced that it is investigating a number of leading tyre manufacturers in relation to allegations of price-fixing, the same companies have become the subject of a similar class-action lawsuit in the USA. The class action relates to “…purchases of tyres within four years prior to the filing” – which clearly relates to a potentially enormous number of tyres. The case basically alleges that the named tyremakers colluded to raise and sustain higher tyre prices and that such action was at least partly facilitated via public communications. The named tyremakers have all already denied price fixing and stated their compliance with the law and their cooperation with investigations in relation the EC investigation.
Continue Reading![Continental probably cutting more jobs than previously announced](https://www.tyrepress.com/wp-content/uploads/2024/02/Continental-flags2-sml.jpg)
Continental probably cutting more jobs than previously announced
Last autumn, German business publication Manager-Magazin caught wind of plans at Continental to axe 5,500 jobs in its Automotive group sector. Continental confirmed this shortly afterwards. The magazine now has another exclusive, citing inside information that Continental is currently discussing the elimination of “more than a thousand additional jobs,” leading to cuts in research and development being “more severe than expected.”
Continue Reading![Apollo Tyres appoints new sales manager in France](https://www.tyrepress.com/wp-content/uploads/2024/02/Olivier-Pataud-Apollo-Tyres-Cropped-scaled.jpg)
Apollo Tyres appoints new sales manager in France
Apollo Tyres has appointed Olivier Pataud as country sales manager for France. He succeeds Francois Hien, who becomes the company’s new “head of customer experience projects” operating across all of the company’s product groups in France. Pataud joined Apollo Tyres last year as a key account manager for the Passenger Car Tyre division.
Continue Reading![Sailun Group joins SBTi](https://www.tyrepress.com/wp-content/uploads/2023/09/sailun-placeholder.jpg)
Sailun Group joins SBTi
Membership in the Justice League? Not quite, or not yet – but Sailun Group has joined several organisations and initiatives dedicated to doing good in recent times. The company confirms that it is now a member of the Science Based Targets initiative (SBTi). It also recently became the first Chinese tyre maker to join the United Nations Global Compact.
Continue Reading![VMI gains Silver EcoVadis Medal](https://www.tyrepress.com/wp-content/uploads/2024/02/Silver-medal.jpg)
VMI gains Silver EcoVadis Medal
Business sustainability ratings company EcoVadis has awarded VMI a Silver EcoVadis Medal for its progress toward sustainability. By achieving Silver status, the machinery specialist is in the top 15 per cent of all companies worldwide that EcoVadis assessed by EcoVadis for environmental, social, and governance (ESG) practices in 2023.
Continue Reading![ZC Rubber building factory in Mexico](https://www.tyrepress.com/wp-content/uploads/2024/02/ZC-Rubber-Mexico.jpg)
ZC Rubber building factory in Mexico
Not only is Zhongce Rubber Group Co., Ltd (ZC Rubber) setting up a new factory in Indonesia, the Hangzhou, China-headquartered tyre maker has also unveiled plans for a plant in Mexico. The company is looking to establish a manufacturing facility in Saltillo, in the state of Coahuila, with a potential size of up to 600,000 square metres. It will also build a North American warehouse centre adjacent to the factory to improve the local distribution network and optimise cost efficiency.
Continue Reading![New Pyrum Innovations reactor already at 75%](https://www.tyrepress.com/wp-content/uploads/2020/10/tlo_biz83a-scaled-e1602237521703.jpg)
New Pyrum Innovations reactor already at 75%
Pyrum Innovations is working to bring two new reactors into operation at its main Dillingen plant in Germany’s Saarland, trebling the facility’s capacity. It began a second test run of the first of these, reactor 2 (TAD 2), on 30 January and reports “initial successes” towards the reactor’s commissioning.
Continue Reading![Michelin Guide 2024 Great Britain & Ireland now out](https://www.tyrepress.com/wp-content/uploads/2024/02/Michelin-Ledbury.jpg)
Michelin Guide 2024 Great Britain & Ireland now out
The Midland Hotel in Manchester was the setting Michelin chose to mark the 50th anniversary of The Michelin Guide in Great Britain & Ireland. It also presented the 2024 restaurant selection, which includes 1,162 restaurants.
Continue Reading![SRI using AI to reduce tyre air resistance](https://www.tyrepress.com/wp-content/uploads/2024/02/SRI-air-resistance.jpg)
SRI using AI to reduce tyre air resistance
A new simulation technique will aid tyre development at Sumitomo Rubber Industries (SRI) by helping to minimise the impact of air resistance. This ‘Tire Aerodynamic Simulation’ technique uses artificial intelligence to visualise the airflow that develops around the tyres when a vehicle is in motion, and the Falken brand manufacturer will use the knowledge it gains to “pursue the development of a tyre shape that optimises aerodynamic performance.” SRI aims to launch an EV tyre developed using Tire Aerodynamic Simulation in 2027.
Continue Reading![Bridgestone closing Shenyang, China TBR tyre plant](https://www.tyrepress.com/wp-content/uploads/2024/02/Bridgestone-Shenyang.jpg)
Bridgestone closing Shenyang, China TBR tyre plant
It appears that Bridgestone is preparing to close its tyre factory in Shenyang, China. A plant employee told our Tyrepress China site that production in Shenyang ceased at the end of January 2024 and that Bridgestone will officially shutter the site at the end of February. As of 5 February, Bridgestone had issued no official announcement regarding the plant.
Continue Reading![Sailun Group anticipating 133% profit growth for 2023](https://www.tyrepress.com/wp-content/uploads/2023/09/sailun-placeholder.jpg)
Sailun Group anticipating 133% profit growth for 2023
Driven by recovery within the domestic tyre market and the declining impact of destocking measures internationally in the second half of the year, Sailun Group expects to achieve a net profit of RMB 3.1 billion (£341.1 million) for 2023. This figure represents a year-on-year increase of some 132.77 per cent. Improving capacity utilisation rate pushed production and sales volumes within the company’s consumer, commercial and specialty tyre segments to “record highs,” with the gross profit margin of these products “substantially” increasing year-on-year.
Continue Reading![Continental investing in Sri Lanka solid tyre plant](https://www.tyrepress.com/wp-content/uploads/2020/07/Conti_CST_Tyres-2.jpg)
Continental investing in Sri Lanka solid tyre plant
With an investment of around 13 million euros over the coming three years, Continental will enhance pre-production capacities at its Speciality Tires plant in Kalatura, Sri Lanka, thereby optimising the manufacturing process and limiting cross-country dependencies within the logistic supply chain. Continental anticipates that customers will benefit from better product availability. The investment will also create some 200 additional jobs.
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