![Bridgestone gains Airbus supplier award](https://www.tyrepress.com/wp-content/uploads/2023/11/Bridgestone-Airbus-sml.jpg)
Bridgestone gains Airbus supplier award
Airbus has bestowed a supplier award upon Bridgestone Corporation in recognition of the tyre maker’s “efforts to realise a sustainable society.” Bridgestone received this award, given in the sustainability category, during last month’s Airbus Global Supplier Conference in Toulouse, France.
Continue Reading![Northgate makes Halfords merger offer](https://www.tyrepress.com/wp-content/uploads/2022/05/halfords-autocentre-tesla-1.jpg)
Northgate makes Halfords merger offer
Van rental company Redde Northgate has reportedly presented a £1.4 billion merger to Halfords. According to multiple reports, the two companies have held “detailed talks”. Redde Northgate owns 130,000 vans and corporate cars in the UK and Spain.
Continue Reading![Werkstatt aktuell readers award Continental for ‘Best Tyre Service’](https://www.tyrepress.com/wp-content/uploads/2023/11/continental_pp_360services-scaled.jpg)
Werkstatt aktuell readers award Continental for ‘Best Tyre Service’
Continental has been named best tyre services provider by readers of German trade magazine Werkstatt aktuell. The Stuttgart-based publication surveyed readers to identify their favourite brands in the commercial vehicle service and aftersales sector from a choice of more than 120 brands in 21 categories.
Continue Reading![Bridgestone prepares for Paris 2024 with Olympic athletes Adam Peaty and Charlotte Worthington](https://www.tyrepress.com/wp-content/uploads/2023/11/bridgestone-adam-peaty-23.08.22-card5-548-scaled.jpg)
Bridgestone prepares for Paris 2024 with Olympic athletes Adam Peaty and Charlotte Worthington
Bridgestone is a Worldwide Olympic and Paralympic Partner for the Games of the XXXIII Olympiad Paris 2024, the third Games of its association. The tyre manufacturer is launching its “Prepared to Perform” campaign with its two UK ambassadors; the five-time Swimming medallist, Adam Peaty, and Freestyle BMX gold medallist, Charlotte Worthington. Bridgestone will present insights from its ambassadors on some of the aspects of their preparation, starting with the process of visualisation, a technique employed by many athletes to cultivate a heightened state of mental awareness.
Continue Reading![Goodyear: Dunlop investment continues, Fulda brand to remain in post-factory scenario](https://www.tyrepress.com/wp-content/uploads/2023/09/Dunlop-logo.jpg)
Goodyear: Dunlop investment continues, Fulda brand to remain in post-factory scenario
Goodyear may have announced plans to close its Fulda and Fürstenwalde car tyre factories in Germany, but the tyre maker has confirmed that the Fulda brand will continue. Similarly, just a day after Goodyear announced that it is “pursuing strategic options” in relation to the sale of the Dunlop tyre brand as well as the company’s OTR tyres and Chemical businesses, Goodyear EMEA executives have reaffirmed their support for the Dunlop brand.
Continue Reading![Goodyear’s German factory closures will cost ~$600 million, save $120 million yearly by 2027](https://www.tyrepress.com/wp-content/uploads/2020/10/59_QWJzdHJhY3QgYmFja2dyb3VuZCB3aXRoIGVhcnRoLmpwZw-scaled-e1602237450291.jpg)
Goodyear’s German factory closures will cost ~$600 million, save $120 million yearly by 2027
Goodyear has confirmed that ending tyre production at its Fulda and Fürstenwalde factories in Germany will be recorded as a charge of “between $575 million and $600 million”. Of that, $425 million to $450 million is “primarily for associate-related costs and other exit costs”. The remainder represents “non-cash charges of approximately $150 million” related to “…accelerated depreciation”.
Continue Reading![BASF approves Pyrum expansion loan](https://www.tyrepress.com/wp-content/uploads/2023/11/Euro-notes-sml.jpg)
BASF approves Pyrum expansion loan
In 2020, chemical company BASF invested 16 million euros in Pyrum Innovations as part of its ChemCycling project and since then has purchased Pyrum pyrolysis oil, feed this into its production network for the manufacture of Ccycled products. BASF looks forward to significantly increasing the quantities of pyrolysis oil it uses when Pyrum brings planned new facilities online – and is now supporting this plant rollout through the signing of a cooperation agreement, under which it will initially provide Pyrum with 25 million euros of financing.
Continue Reading![Pyrum announces further pyrolysis JV](https://www.tyrepress.com/wp-content/uploads/2023/11/German-flag.jpg)
Pyrum announces further pyrolysis JV
Recycling company Remondis Group recently signed a letter of intent with Pyrum Innovations. The partners intend to set up a plant for reclaiming raw materials from end-of-life tyres on a site in Bremen, Germany that’s owned by Weserport, a subsidiary of Remondis sister company Rhenus. This plant will be capable of recycling 20,000 tonnes of tyres annually.
Continue Reading![BEV demand may stall next year – Bloomberg Intelligence](https://www.tyrepress.com/wp-content/uploads/2023/07/yokohama-nring-tesla-scaled.jpg)
BEV demand may stall next year – Bloomberg Intelligence
Legacy brands have started to pull back on battery-electric vehicle (BEV) ambitions, and Bloomberg Intelligence’s (BI’s) new car buyers poll suggests demand will stall in Europe with consumers wary due to high BEV prices, range anxiety and a lack of charging points. A scaling back should support 2024 margins as lucrative ICE (internal combustion engine) profit faces less dilution from BEVs, while margins are likely to retreat at pureplays such as Tesla.
Continue Reading![Goodyear to end tyre manufacturing in Fulda and Fürstenwalde](https://www.tyrepress.com/wp-content/uploads/2020/04/Goodyear-Werk-Fulda.jpg)
Goodyear to end tyre manufacturing in Fulda and Fürstenwalde
Following the publication of the company’s Goodyear Forward global cost reduction and business transformation strategy, Goodyear EMEA is proposing the closure of its Fulda and Fürstenwalde car tyre factories in Germany. The plans specifically involve the closure of the Fulda plant by the end of the third quarter of 2025 and “a gradual phase-out of all tyre manufacturing activities in Fürstenwalde by the end of 2027”. However, the mixing department in Fürstenwalde will continue its operations, “supplying compounds to tyre plants across Europe”.
Continue Reading![Goodyear values Dunlop at ~$0.7 billion](https://www.tyrepress.com/wp-content/uploads/2023/11/slide9_1280p.png)
Goodyear values Dunlop at ~$0.7 billion
Following the news that Goodyear is planning to raise around $2 billion from the sale of Dunlop as well as its OTR tyre and chemicals businesses, the company revealed further details during a follow-up conference call. The financially biggest part of the recently-unveiled Goodyear Forward business transformation plan is the proposed sale of Dunlop, plus the OTR tyre and chemicals businesses. Goodyear estimates that these areas are worth around $0.7 billion, $0.7 billion and $1 billion in annual sales respectively.
Continue Reading![Goodyear “pursuing strategic options” to Dunlop, OTR tyres and Chemical business in $2 billion “portfolio optimisation”](https://www.tyrepress.com/wp-content/uploads/2023/10/Goodyear-placeholder-2.jpg)
Goodyear “pursuing strategic options” to Dunlop, OTR tyres and Chemical business in $2 billion “portfolio optimisation”
The Goodyear Tire & Rubber Company is unveiling its “Goodyear Forward” transformation plan, which – precipitated by the now infamous Elliott letter – is designed to – “optimize its portfolio, deliver significant margin expansion and reduce leverage to drive sustainable and substantial shareholder value creation”. First off, that means generating “gross proceeds in excess of $2 billion” from pursuing a “strategic alternatives for its Chemical business, the Dunlop brand and the Off-the-Road equipment tyre business.” The business will also continue with a new CEO following the parallel announcement of the retirement of current CEO Richard J. Kramer.
Continue Reading![Kramer to retire after 24 years with Goodyear](https://www.tyrepress.com/wp-content/uploads/2023/04/Goodyear-Kramer.jpg)
Kramer to retire after 24 years with Goodyear
Richard J. Kramer has informed Goodyear’s board of his plans to retire as chairman, CEO and president of the company in 2024. Goodyear described Kramer’s retirement as “planned” and added that the subject has been “previously discussed with the board as part of the company’s ongoing and active succession planning process”. No successor has been named, but, as part of those plans, “the Goodyear Board retained a leading executive search firm to execute a search considering both internal and external candidates”.
Continue Reading![Nokian Tyres developing tyres for Polestar 0 project](https://www.tyrepress.com/wp-content/uploads/2023/11/NokianTyresPolestar02-sml.jpg)
Nokian Tyres developing tyres for Polestar 0 project
The Polestar 0 project aims to create a climate-neutral car by 2030, eliminating all sources of CO2 emissions throughout the vehicle’s supply chain, manufacturing processes and end of life without offsetting them. Nokian Tyres has joined the project and is developing climate-neutral tyres for the car.
Continue Reading![Apollo Tyres signs Ceva Logistics distribution partnership in France](https://www.tyrepress.com/wp-content/uploads/2023/11/TBR-Apollo_72dpi_1280x853px_E_NR-8114-1.jpg)
Apollo Tyres signs Ceva Logistics distribution partnership in France
Apollo Tyres has signed a new tyre distribution deal with leading logistics provider Ceva Logistics in France. Apollo began integrating Ceva Logistics into its supply chain in May, since which it says it has cut average lead times to under four days. Apollo adds that the partnership has improved the overall ordering and delivery experience for customers. Ceva Logistics focuses on fulfilling orders of between six and 40 tyres from Apollo Tyres’ warehousing facilities in Enschede, the Netherlands. Larger Apollo orders will continue to be fulfilled by an existing, well-proven partner that typically collects from Apollo Tyres’ factory in Hungary.
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