Trelleborg investing in Serbian tyre plant
In its year-end 2016 report, Sweden’s Trelleborg AB states that its Board of Directors has “decided to make a major investment” in Trelleborg Wheel Systems’ tyre operation in Serbia in order to improve the facility’s footprint and increase production capacity to accommodate additional future sales.
Continue Reading![Trelleborg wheel plant receives SES ‘Green Excellence’ award](https://www.tyrepress.com/wp-content/uploads/2017/02/TrelleborgLiepaja.jpg)
Trelleborg wheel plant receives SES ‘Green Excellence’ award
The Trelleborg Wheels Systems facility in Liepaja, Latvia, has been awarded the State Environmental Service’s (SES) ‘Green Excellence Award’, an accolade that not only acknowledges high environmental standards, but also ensures Trelleborg will hold SES environmental certification for a further three years. The award was given by Kaspars Gerhards, Latvia’s Minister of Environmental Protection and Regional Development, and Inga Koļegova, Director General of the SES.
Continue Reading![Momo Tires showcases birds in 2017 calendar](https://www.tyrepress.com/wp-content/uploads/2017/02/momo-cal.jpg)
Momo Tires showcases birds in 2017 calendar
The annual Momo Tires calendar represents a change of direction. While images were previously taken from the archive of wildlife photographer Ricardo Cisneros, the tyre brand said it would, in cooperation with Momo Italy, explore new options with different naturalist photographers in future editions. The 2017 version features avian images by Stefano Ronchi, which Momo calls “sophisticated and elegant”.
Continue Reading![Hankook Tire acquires Australia’s JAX Tyres](https://www.tyrepress.com/wp-content/uploads/2017/02/jax.jpg)
Hankook Tire acquires Australia’s JAX Tyres
Australia’s JAX Tyres is now entirely owned by Hankook Tire. On 23 January, the South Korean firm acquired a 100 per cent stake in the franchise network of tyre retailers from its principal shareholder, company chairman Fred Hurrell, and others. The deal covers 83 outlets in the eastern states of Australia. While Hankook Tire hasn’t disclosed the sum it paid for JAX Tyres, Pulse shares that market observers estimate a KRW 100 billion (£68.8 million) price tag for the transaction.
Continue ReadingApollo Tyres reports volume growth in Europe, India, says rubber prices a “challenge”
The Board of Directors of Apollo Tyres Ltd today approved the company’s unaudited results for the third quarter of the company’s 2016-17 financial year. Consolidated revenue in the three months to 31 December 2016 amounted to Rs 34.35 billion (£404.8 million), a year-on-year rise of 17 per cent, while operating rose slightly to Rs 5.37 billion (£63.3 million) and net profit increased by six per cent year-on-year to Rs 2.96 billion (£34.9 million). The tyre maker states that it witnessed good volume growth in both its Indian and European operations in the third quarter, led by the passenger car tyre segment.
Continue Reading![Giti Tire’s US factory to feature Cimcorp Dream Factory](https://www.tyrepress.com/wp-content/uploads/2017/01/Cimcorp-dream-factory-sml.jpg)
Giti Tire’s US factory to feature Cimcorp Dream Factory
A ‘Dream Factory’ solution for end-to-end automated materials handling will be installed in the Giti Tire passenger car tyre plant now under construction in the USA. Cimcorp reports that it and parent company Murata Machinery (Muratec) will supply a complete turnkey system that includes all required automation equipment and offers total system control, project management and seamless integration. The automated handling systems will be delivered and installed in three stages during 2017 and 2019.
Continue ReadingMarangoni Industrial Tyres announces price rise
Prices for products from Marangoni Industrial Tyres will increase by up to six per cent as of tomorrow. The company states that new pricing has “become necessary” due to the growing cost of raw materials, particularly natural rubber, in recent months, as well as euro weakness against the US dollar.
Continue Reading![Relaunch for Michelin Auto Professional portal](https://www.tyrepress.com/wp-content/uploads/2017/01/mich-portal.jpg)
Relaunch for Michelin Auto Professional portal
Tyre dealerships belonging to the Michelin Auto Professional programme should find it easier to access their vital statistics following a relaunch of the programme’s web-based dealer portal.
Continue Reading![Momentive breaks ground on European silane plant](https://www.tyrepress.com/wp-content/uploads/2017/01/Momentive_NXT_Groundbreaking_Leverkusen-sml.jpg)
Momentive breaks ground on European silane plant
Officials from the German city of Leverkusen and the Chempark chemical park joined Momentive Performance Materials Inc. at the official groundbreaking of its new manufacturing facility on 26 January. The company intends to invest US$30 million to build a dedicated manufacturing capacity for its NXT silane products in the European market. The new facility will join Momentive’s existing Leverkusen operations and network of 24 manufacturing sites located around the world.
Continue ReadingMichelin purchases Mondéos publishing business
With the acquisition of all outstanding shares in the publishing businesses of French travel guide specialist Mondéos, Michelin believes it has “reaffirmed its leadership and strengthened its presence” in the travel guide market. Michelin has not disclosed the price it paid for the shareholding in publisher of the Balado and Mondéos guides.
Continue Reading![Momentive acquires US silane plant](https://www.tyrepress.com/wp-content/uploads/2017/01/Sea-Lion-PR.jpg)
Momentive acquires US silane plant
Momentive Performance Materials Inc. has acquired the operating assets of Sea Lion Technology, Inc. located in Texas City, Texas. Sea Lion is a contract chemical manufacturer that has manufactured silane products for Momentive for more than a decade, including silanes sold under Momentive’s NXT brand. The Texas City facility will continue to manufacture NXT silane as an integrated part of Momentive’s global supply chain, joining the company’s 24 other manufacturing facilities located around the world.
Continue Reading![Bridgestone returns as solar race title sponsor](https://www.tyrepress.com/wp-content/uploads/2017/01/solar-challenge.jpg)
Bridgestone returns as solar race title sponsor
Bridgestone Corporation will act as naming rights sponsor to the World Solar Challenge for another year. The company, which first sponsored the solar race in 2013, considers the Bridgestone World Solar Challenge (BWSC) the “perfect venue to promote research and development ventures geared toward the creation of a sustainable mobility.”
Continue Reading![Continental chooses site in Thailand for new APAC region tyre factory](https://www.tyrepress.com/wp-content/uploads/2017/01/00_Tire-Plant-Rayong-sml.jpg)
Continental chooses site in Thailand for new APAC region tyre factory
Thailand has been selected as the location for the new passenger car and light truck tyre factory that Continental AG has planned for the Asia Pacific (APAC) region. Groundbreaking at the 750,000 square metre site in Rayong Province later this year will mark the start of work on phase one of a project that will require an investment of approximately €250 million by 2022 and give the factory a planned production of around 4 million tyres per annum within the same timeframe. Operations are expected to begin in 2019.
Continue Reading![Wheel makers Momo and Weld now sister companies](https://www.tyrepress.com/wp-content/uploads/2017/01/MOMOWeld.jpg)
Wheel makers Momo and Weld now sister companies
Cisneros Corporation, parent company of Italy-based wheel manufacturer Momo, has acquired US firm Weld Racing from investment group Granite Creek Capital Partners, L.L.C. for an undisclosed sum. Announcing the deal, Weld Racing states that together with the Momo Automotive Group, it will create a “global design, performance, and manufacturing powerhouse with a passion for motorsports and a drive for transformational innovation.”
Continue ReadingValeo buys Ichikoh
Well known automotive supplier Valeo has announced that 32,383,612 Ichikoh shares have been tendered to its offer, raising its stake in the Japanese vehicle lighting and wing mirror supplier to 55.08 per cent.
Continue Reading