![Guizhou Tyre increasing solid tyre capacity](https://www.tyrepress.com/wp-content/uploads/2023/11/guizhou.png)
Guizhou Tyre increasing solid tyre capacity
Another investment for China’s Guizhou Tyre. Only a couple of months after announcing plans to lift its Zhazuo factorys annual OTR tyre capacity by 380,000 pieces and increase investment in its plant in Vietnam by US$58.08 million, the company says it will also invest RMB 300 million (£33.5 million) in a new solid tyre product at the Zhazuo site.
Continue Reading![Apollo Tyres lifts revenues despite “challenging” Europe](https://www.tyrepress.com/wp-content/uploads/2023/08/apollo-placeholder.jpg)
Apollo Tyres lifts revenues despite “challenging” Europe
The Board of Directors at Apollo Tyres has approved the company’s unaudited financial results for July to September 2023 (Q2 2023-24). These show revenue of Rs 62.80 billion (£612.78 million) in revenue in the quarter ending 30 September, a 5.4 per cent year-on-year increase. Apollo Tyres shares that revenue growth was especially positive in its Indian Operations business.
Continue Reading![ISCC Plus certification for Kordsa Izmit plant](https://www.tyrepress.com/wp-content/uploads/2023/11/Kordsa-Izmit-Plant-sml.jpg)
ISCC Plus certification for Kordsa Izmit plant
The Kordsa tyre reinforcement plant in Izmit, Turkey has gained ISCC (International Sustainability Carbon Certification) Plus certification. The Sabancı Holding subsidiary declares that this certification solidifies Kordsa’s “commitment to international sustainability standards” and specifically endorses the eco-friendly production of recycled polyester yarn, single cords, and cord fabrics within its product range.
Continue Reading![Federal chairman and general manager resigns](https://www.tyrepress.com/wp-content/uploads/2023/11/b_1595168308302.jpeg)
Federal chairman and general manager resigns
On 1 November, Federal Corporation announced that chairman and general manager Chen Heng Kuan resigned “due to other official duties”.
Continue Reading![Pollution board orders production stop at Ceat factory](https://www.tyrepress.com/wp-content/uploads/2023/11/ceat-placeholder-sml.jpg)
Pollution board orders production stop at Ceat factory
The environmental regulatory body in India’s Maharashtra state has ordered tyre maker Ceat Ltd to pause operations at one of its plants. In notifications supplied to the BSE and National Stock Exchange of India, Ceat reports that the Maharashtra Pollution Control Board told it to “close down operations” at the Bhandup factory in the suburbs of Mumbai. According to Ceat, the Board’s correspondence of 4 November 2023 claims “certain alleged violations of the pollution control norms.”
Continue Reading![Goodyear EMEA responds to global challenges](https://www.tyrepress.com/wp-content/uploads/2023/11/TireBuyingChoices.png)
Goodyear EMEA responds to global challenges
In mid-October Tyres & Accessories visited the Goodyear EMEA headquarters in Brussels, Belgium, to hear more about exactly how executives are leading the business through its recent tumultuous times. The group of executives Tyres & Accessories met with specifically included David Anckaert, Goodyear EMEA vice-president, consumer; and Troy Scully, vice president, communications and public affairs EMEA. The topics we covered included business transformation, manufacturing optimisation and brand reorganisation. The full article is published in the November edition of Tyres & Accessories, but here’s a brief preview of that detailed response. This article is a preview of the full interview that will be published in the November edition of Tyres & Accessories magazine. Not a subscriber? No problem, click here to become one.
Continue Reading![Goodyear reports third quarter net loss of $89 million, sales down ~3%](https://www.tyrepress.com/wp-content/uploads/2023/11/Goodyear-Q3-2023-e1699359572417.png)
Goodyear reports third quarter net loss of $89 million, sales down ~3%
Goodyear executives highlighted “improving industry conditions” and “solid operating results” in their third-quarter 2023 investor letter. High points include the Americas and Asia Pacific regions delivering margins above 8 per cent (the overall company’s goal for the second-half) during the quarter. Overall third-quarter segment operating income margin was 6.5 per cent, but the company “continue[s] to anticipate further gains during the fourth quarter.”
Continue Reading![rCB – Bridgestone & Michelin share progress in white paper](https://www.tyrepress.com/wp-content/uploads/2023/11/FINAL_rCB-White-Paper-Graphic.jpg)
rCB – Bridgestone & Michelin share progress in white paper
Following on from their call to action at the 2021 Smithers rCB conference, Bridgestone Corporation and Michelin Group have updated progress on their goal of increasing recovered carbon black (rCB) utilisation in tyre production. A joint technical white paper, titled Bridgestone & Michelin: Recovered Carbon Black Guidelines, shares the results of their work with other stakeholders to develop a global standard to this end.
Continue Reading![Pyrum Innovations gears up for capacity boost at main site](https://www.tyrepress.com/wp-content/uploads/2023/11/Pyrum-old-and-new-reactors-sml.jpg)
Pyrum Innovations gears up for capacity boost at main site
Capacity at Pyrum Innovations AG’s main plant in Dillingen/Saar, Germany will soon increase following the successful warm commissioning of the site’s two new pyrolysis reactors. With licensing authorities having given the green light for production to start, Pyrum will soon begin recovering oil from end-of-life tyres within Reactors 2 & 3.
Continue Reading![7 years early – Nokian Tyres achieves 2030 CO2 goal](https://www.tyrepress.com/wp-content/uploads/2023/11/Nokian-Romania2-sml.jpg)
7 years early – Nokian Tyres achieves 2030 CO2 goal
When it comes to climate targets, 2030 seems to be the golden year. But Nokian Tyres has jumped the gun in the best possible way, reaching one of its key emissions reduction targets seven years ahead of schedule.
Continue Reading![ATD launches Radius tyre and parts hub](https://www.tyrepress.com/wp-content/uploads/2023/11/Radius.png)
ATD launches Radius tyre and parts hub
At the end of October, American Tire Distributors (ATD) launched Radius, a new digital hub designed to integrate tyres, parts, services, and solutions into one connected experience for the automotive aftermarket.
Continue Reading![Toyo agrees sustainable raw materials research partnership with Serbian university](https://www.tyrepress.com/wp-content/uploads/2023/11/toyo-novi-sad.jpg)
Toyo agrees sustainable raw materials research partnership with Serbian university
Toyo Tire Holdings of Europe has formed an industry-university partnership for the research and development of sustainable raw materials with the University of Novi Sad in Serbia. Toyo Tire corporate officer Kenta Kuribayashi and University of Novi Sad faculty dean Biljana Pajin signed the agreement on 3 November in Serbia’s second-largest city. Toyo Tire produces tyres in Serbia. The Japanese manufacturer said that it intends to promote technology development through this industry-university partnership and wishes to contribute to educational policies in Serbia.
Continue Reading![ReOil contracts Zeppelin Systems for major expansion](https://www.tyrepress.com/wp-content/uploads/2023/11/ReOil-sml.jpg)
ReOil contracts Zeppelin Systems for major expansion
Polish end-of-life-tyre (ELT) recycler ReOil is increasing its pyrolysis activities in Bukowno and has contracted Zeppelin Systems to build a second plant there. Construction is scheduled to start in February 2024 and when completed the new plant will treble plant capacity at the 11-hectare (27-acre) site to around 60,000 tonnes of ELTs annually. Zeppelin Systems intends to provide solutions it can later offer as part of license arrangements.
Continue Reading![Michelin UK instructors support Trainsaid training in Africa](https://www.tyrepress.com/wp-content/uploads/2023/11/Michelin-Transaid-tyre-safety-training-sml.jpg)
Michelin UK instructors support Trainsaid training in Africa
Two Michelin Training Instructors from the UK have completed secondments with international development organisation Transaid, each spending a week supporting the charity’s professional driver training programmes in Ghana and Zambia. Paul Ryder and Stephane Bonnard, who are normally based at the Michelin Training and Information Centre (MTIC) in Stoke-on-Trent, delivered a bespoke training tailored toward the needs of truck and bus driver trainers – supporting Transaid’s ‘train the trainer’ model, which aims to develop skills at a local level.
Continue Reading![Hankook Tire doubles operating profit, halves capex](https://www.tyrepress.com/wp-content/uploads/2023/11/Hankook-iONb-sml.jpg)
Hankook Tire doubles operating profit, halves capex
Hankook Tire & Technology reports consolidated sales of KRW 2,340.0 billion (£1.4 billion) and an operating profit of KRW 396.3 billion (£243.9 million) for Q3 2023. These results respectively represent year-on-year increases of 1.8% and 106%.
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