Sumitomo buys brownfield land in USA
Sumitomo Rubber USA has bought 6.4 acres of brownfield land adjacent to its tyre manufacturing site in Tonawanda. According to the New York State-based Buffalo News, Sumitomo’s new land used to be home to a chemical plant that was destroyed by a fire nearly 30 years ago.
Continue ReadingYokohama acquires Aichi Tire Industry
The Yokohama Rubber Co., Ltd., announced on 15 March that it completed the acquisition of Aichi Tire Industry Co., Ltd. (Aichi Tire Industry). Yokohama first announced the agreement to acquire Aichi Tire Industry on 6 January 2017.
Continue ReadingCAM to sever GfK ties as Tyre Intelligence Europe development accelerates
CAM has announced it will sever its ties with the market research company GfK, coinciding with the emergence of the Tyre Intelligence Europe data platform. CAM will relinquish its role in extracting data provided by regional and independent dealers through the agency of its software systems on GfK’s behalf. The service to extract data from customer systems will cease at midnight on 31 March 2017.
Continue ReadingValeo named ‘a top employer’ for fourth year running
Valeo UK is proud to announce that it has been officially certified by the Top Employers Institute for its exceptional employee offerings for the fourth year in a row after being awarded the exclusive Top Employers Europe 2017 Certification.
Continue ReadingGold Trusted Service Award for The Tyre Equipment Company
The Tyre Equipment Company has been awarded a Feefo Gold Trusted Service Award, an independent seal of excellence that recognises businesses for delivering exceptional experiences, rated by real customers.
Continue ReadingYokohama exclusive Nitro Circus tyre in the US
Inspired by the Nitro Circus television phenomenon created by Travis Pastrana, Nitro Circus Live is an action sports show featuring the world’s best athletes in FMX, BMX, skate, base jumping and more, and Yokohama has now become the exclusive tyre of Nitro Circus Live Tour in the United States. The 2017 US Nitro Circus Live Tour kick starts on June 3, and the tyre maker states it has taken on its exclusive tyre role in order to spotlight its Geolandar light truck range.
Continue ReadingRefreshed Nexen Tire website goes live
Nexen Tire has overhauled its global website. The nexentire.com site is said to be more “digital friendly” and in addition to displaying corporate and product news, including a comparative Key Performance Indicator function, visitors to the site can read and view content uploaded to Facebook, YouTube, or various blogs, and also share content from the website with other social media platforms. As expected, the site is designed for use with a number of devices.
Continue ReadingBain Capital acquires Fintyre
Italian tyre wholesaler Fintyre has a new owner. Through its Europe IV fund, private equity company Bain Capital has acquired the entire stake controlled by BlueGem Capital Partners. Bain Capital states that it will work together with Fintyre chief executive officer Mauro Pessi and the company’s management in order to further the company’s path of growth towards leadership in the areas of tyre wholesale and retail distribution in Italy in Europe. Existing Fintyre lender Blackstone Group subsidiary GSO Capital Partners will also support the wholesaler’s development plan through a unitranche debt instrument.
Continue ReadingBrand Finance: Bridgestone the most valuable tyre brand
Even through raw material costs are on the rise and these are driving up tyre prices, eight of the ten tyre brands deemed most valuable by Brand Finance have seen their brand values rise during the past year.
Continue ReadingBridgestone activates Olympic partnership for EMEA
Bridgestone’s Olympic partnership was officially ‘activated’ within the EMEA region at the Geneva Motor Show this week. Paolo Ferrari, chief executive officer and president of Bridgestone EMEA, announced the partnership’s extension throughout the region at a press conference that was also attended by Christophe Dubi, the International Olympic Committee’s executive director of Olympic Games.
Continue ReadingAutomechanika Birmingham 2017 part of UK automotive’s reshoring efforts
Not only is Automechanika Birmingham 2017 set to be 70 per cent bigger than last years inaugural show, this years event seeks to connect the aftermarket with industry and government to support inward investment. Speaking at a press conference in central London on 9 March, Automechanika Birmingham event director Simon Albert and SMMT chief executive shared how they will bring the UK automotive industry together as part of efforts to “boost supply chain reshoring and make British cars more British” while at the same connecting the manufacturing and aftermarket sectors with each other. UK vehicle manufacturing output has continued to grow over recent
Continue ReadingYokohama Rubber micro-site celebrates 100th anniversary
Yokohama has launched a new micro-site to mark its 100th anniversary year. The site highlights milestones in the company’s history and products, created with two distinct timelines showing its corporate and product development. The manufacturer also presents video content to illustrate further the Yokohama story (click Read More to see Yokohamas videos).
Continue ReadingBandvulc welcomes TyreWork to Key Partner Network
The Bandvulc Group has announced the appointment of TyreWork to its Key Partner Network. With more than 40 years’ experience in the truck tyre business, Kings Road Tyres Group company, TyreWork has provided its services to Bandvulc for the last decade, handling callouts comprehensively in addition to its professional tyre support for Bandvulc’s portfolio of clients. Bandvulc said making TyreWork a Key Partner strengthens the companies’ association.
Continue ReadingPSA acquires Opel/Vauxhall
In a deal designed to make PSA Group the second largest carmaker in Europe, the Peugeot-Citreon brand owner has bought GM’s long-term lossmaking Opel and Vauxhall brands and production bases for 2.2 billion euros. This figure includes a joint venture with BNP Paribas on the GM Europe auto financing operations (valuing these transactions at 1.3 billion euros and 0.9 billion, respectively). But what does it mean for the tyre sector?
Continue ReadingAlmost 5,000 enter Valeo Innovation Challenge
The Valeo Innovation Challenge’s fourth year has set a new record for participation. Nearly 5,000 students from around the world have signed up. In all, 1,628 teams (21 per cent more than the previous edition) from 80 countries and 748 universities have submitted their application in one of the two available categories. Some of the worlds most prestigious universities are represented, including MIT, Berkeley, HEC, Supelec Tokyo University, British Columbia.
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