Nokian Heavy Tyres cutting output – negotiating with employee representatives
Nokian Heavy Tyres Ltd. has commenced “change negotiations” to adapt its production to meet market demand. The negotiations, which will last for two weeks, relate to approximately 160 employees at the company’s factory in Nokia, Finland.
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Sailun, Tire Direct break ground on Mexico plant
Sailun Group and Tire Direct have broken ground on Aztema, their new joint venture factory in Mexico, with the partners laying a symbolic foundation stone at a ceremony on 15 May 2024. The first phase of construction at the Aztema plant will result in a facility with an initial capacity to produce 6 million car tyres a year; the partners plan to start production in March 2025.
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Read and download Tyres & Accessories Magazine May 2024 now
Available now as an e-paper for subscribers to Tyrepress, Tyres & Accessories previews The Tire Cologne 2024 - Europes largest tyre business expo - and the fleet tyre market. As well as these special features, the issue details the UKs approval of red lights for roadside workers, analysis of a potential buyer for Goodyears OTR tyre division, and a visit to Goodyears new simulation centre. Non-subscribers can gain access to Tyrepress with a print or online subscription. Tyre professionals can take advantage of the current Tyrepress Membership offer, helping to drive business online and stay informed with the industry’s leading magazine and websites.
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Radar Tyres begins golfing sponsorship
Under its flagship Radar Tyres brand, Omni United has signed a multi-year contract with Singapore Golf Association (SGA) to support and promote upcoming golfing talent. This partnership will see Omni United financially support the training and competition-related expenses of golfers who previously represented Singapore at an elite amateur level during the early stages of their professional careers.
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Higher sales & net loss for Pyrum Innovations in 2023
Pyrolysis-based recycling specialist Pyrum Innovations AG (Pyrum) has released its annual and consolidated financial statements for the 2023 financial year, along with an update on the company’s progress in supply of recovered end-of-life tyre products to the tyre industry. CEO Pascal Klein commented that another eventful year lies behind the company.
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R.H. Claydon confirms Hillhead attendance
With an aim of building on a record-breaking 2022, which hosted over 600 exhibiting companies and received 18,500 unique visitors, Hillhead 2024 will take place in Buxton’s Hillhead Quarry between 25 and 27 June. The current exhibitor list contains around 600 entries, including more than a dozen firms offering tyres and related products.
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Continental talks tyre testing
To provide a glimpse of the product development and testing that goes into bringing a new tyre to market, Continental has released a booklet covering the subject. From its beginnings almost a century ago, the Tire Testing white paper looks at former practices, the current state-of-the-art, and also reveals Continental’s ideas on the future of testing.
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Yokohama Rubber utilising RubberWay geo-mapping for sustainable procurement
Starting in April 2024, The Yokohama Rubber Co., Ltd. is using the RubberWay Geo-Mapping risk assessment tool to bolster its sustainable procurement practices. By adopting this technology, Yokohama Rubber aims to enhance the traceability of natural rubber throughout its supply chain, aligning with the recommendations of the Taskforce on Nature-related Financial Disclosures and ensuring compliance with the upcoming EU Deforestation Regulation.
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Continental goes CO2 neutral with Lousado tyre production
A significant milestone has been reached in Continental’s journey towards sustainable manufacturing with the achievement of CO2-neutral tyre production at its 18 million tyres per annum capacity Lousado plant in Portugal. This advancement aligns with a broader Continental objective of attaining completely CO2-neutral production across all its facilities.
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Michelin highlights innovation in new advertising campaign
Four years after debuting its “Motion for life” global advertising campaign that “celebrated movement” through showcasing a broad range of products and services, Michelin is now “reasserting its innovative brand DNA.” And what better way to do this than with a new campaign. Michelin calls it “On the road and beyond!” UK consumers won’t experience this any time soon, however, with Michelin announcing the campaign’s imminent rollout in just a handful of countries.
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Smithers & Stackpole release Virtual Tire Lab
Testing, consulting, information, and compliance services firm Smithers has, together with tyre and vehicle development technology specialist Stackpole Engineering Services, debuted the Virtual Tire Lab. Announcing the launch, Smithers describes Virtual Tire Lab as a “unique, comprehensive toolset for analysing raw data and comparing, contrasting, and adjusting virtual tyre models for use in design analysis, simulation, and model certification.”
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Apollo Tyres reports 65% increase in FY24 net profit
Apollo Tyres Ltd.’s Board of Directors has approved the companys audited financial results for the fourth quarter and the full financial year 2023-24. The Board also recommended a dividend payout of Rs 6.00 per equity share (600%) on a face value of Re 1 each for FY24, pending shareholder approval at the upcoming Annual General Meeting.
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Sumitomo Rubber reports strong Q1 2024 profit growth
Sumitomo Rubber Industries (SRI) reports a 5.3 per cent year-on-year increase in sales revenue during the quarter ending 31 March 2024, to ¥291,360 million (£1,482.03 million). Business profit surged by 190.7 per cent to ¥23,183 million (£118.04 million), operating profit rose by 166.5 per cent to ¥20,696 million (£105.31 million) and profit attributable to owners of the parent jumping by 520.2 per cent to ¥24,841 million (£126.47 million).
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SRI improves noise predictability for tyre development
Sumitomo Rubber Industries, Ltd. (SRI) has unveiled a new technique for predicting noise generated by the combined vibration of tyres and vehicle. By simulating how tyres roll when in motion and applying the lessons learned, SRI anticipates that both tyre and vehicle manufacturers will be able to reduce their products’ noise emissions.
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Yokohama Rubber engaging in sustainable procurement initiative
The Yokohama Rubber Co., Ltd., has announced its participation in a venture spearheaded by the Japan Ministry of the Environment. This initiative, a component of the Japanese Government Cabinet Office’s BRIDGE programmes, aims at assessing and affirming the sustainable acquisition of natural capital from the ASEAN region.
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