![Nexen Tire adjusts tyre prices across Europe](https://www.tyrepress.com/wp-content/uploads/2023/11/pexels-lukas-590022-scaled.jpg)
Nexen Tire adjusts tyre prices across Europe
Nexen Tire is “restructuring” the prices of its summer and all-season tyres. The new price list will be valid for the European market, including the United Kingdom and Turkey. The “necessary structural price adjustment” is effective from 1 October 2023 and applies to all orders placed from that date.
Continue Reading![Tire Industry CEOs commit to sustainability workplan](https://www.tyrepress.com/wp-content/uploads/2023/11/analysis-2030265-scaled.jpg)
Tire Industry CEOs commit to sustainability workplan
The CEOs of 10 leading tyre manufacturers have gathered to confirm a two-year Tire Industry Project (TIP) workplan focused on “sustainability in the tyre lifecycle”. The plans includes targets relating to tyre-emission research and end-of-life tyre management amongst other points.
Continue Reading![Toyo president and CEO wins Medal with Blue Ribbon](https://www.tyrepress.com/wp-content/uploads/2023/11/Toyo.png)
Toyo president and CEO wins Medal with Blue Ribbon
Toyo Tire Corporation representative director, president and CEO, Takashi Shimizu, has been awarded the Medal with Blue Ribbon in the 2023 autumn conferment of medals. The Japanese Medal with Blue Ribbon is awarded to individuals who have achieved in the areas of public welfare and education.
Continue Reading![Avayler: Analysts back ongoing growth](https://www.tyrepress.com/wp-content/uploads/2023/11/Avayler-potential.jpg)
Avayler: Analysts back ongoing growth
Financial analysts have responded positively to the news of Bridgestone’s investment in Halfords Group’s Avayler Software-as-a-Service (SaaS). Their analysis also reveals further details of the current scale and future plans associated with the Avayler business.
Continue Reading![Bridgestone invests $3 million in Halfords’ Avayler system](https://www.tyrepress.com/wp-content/uploads/2023/11/Bridgestone-Avayler.jpg)
Bridgestone invests $3 million in Halfords’ Avayler system
Bridgestone has invested US$3 million dollars in buying a 5 per cent stake in Halfords Group Plc’s Avayler Software as a service (SaaS) business. The investment therefore values the two-year-old Avayler business at $60 million. Under the associated commercial agreement, which has an initial term of 15 years notwithstanding certain break clauses, Avayler will provide Bridgestone with access to Avayler’s in-garage and van software products as well as certain services to facilitate Bridgestones use of it. These include services relating to maintenance, development, implementation and support. The commercial agreement provides for the roll-out of Avayler’s products across Bridgestone’s retail and van operation in the USA.
Continue Reading![How Continental Mabor is supporting the manufacturer’s agricultural ambitions](https://www.tyrepress.com/wp-content/uploads/2023/10/LO_TirePlant-scaled.jpg)
How Continental Mabor is supporting the manufacturer’s agricultural ambitions
In 2016, Continental took the decision to bring back the manufacture of Conti-branded agricultural tyres under its own control. Production of Continental agricultural tyres had been carried out by Czech tyre maker Mitas from 2004, when it acquired the license, and had been due to continue until 2019. However, the acquisition of Mitas by agricultural tyre manufacturer Trelleborg Wheel Systems meant the Continental brand became surplus to requirements. Conti saw this as an early opportunity to re-enter the lucrative, high-technology agricultural tyre segment with a premium brand intended to compete at the top of the European segment and manufactured at the Continental Mabor plant in Lousado, Portugal with the help of an initial 50-million-euro investment and the recruitment of a manufacturing and R&D team.
Continue Reading![Miyamori becomes Toyo Tire corporate officer amongst personnel changes](https://www.tyrepress.com/wp-content/uploads/2023/08/toyo-placeholder.jpg)
Miyamori becomes Toyo Tire corporate officer amongst personnel changes
Toyo Tire Corporation president and CEO Takashi Shimizu announced the following changes of assignments for a corporate officer as well as further personnel changes in statement released on 30 October 2023.
Continue Reading![Subsidies didn’t stop Doublestar losing money in Q3](https://www.tyrepress.com/wp-content/uploads/2023/10/Doublestar-Q3.jpg)
Subsidies didn’t stop Doublestar losing money in Q3
In the third quarter of 2023, Doublestar’s revenue increased by 11.95 per cent year-on-year to 1.23 billion yuan (approximately £139 million; €159 million). Doublestar specified that its PCR products had achieved profitability from July to September. However, overall, during the reporting period, the tyre manufacturer was still in the red despite an increase in operating income, with a loss of 53.32 million yuan (approximately £6 million; €6.87 million).
Continue Reading![Nexen ‘restructuring’ European operations with appointments including new UK MD](https://www.tyrepress.com/wp-content/uploads/2023/10/NEXEEN-_Kelkheim-scaled.jpg)
Nexen ‘restructuring’ European operations with appointments including new UK MD
Nexen Tire reports that it is fortifying its European organizational structure by assigning new members in key positions. The moves includes “restructuring current functional department underneath” and the expansion of its presence in Germany through appointing a new managing director. At the same time, UK managing director responsibilities have been re-assigned.
Continue Reading![Apollo to build new tyre warehouse in Enschede](https://www.tyrepress.com/wp-content/uploads/2023/10/NL-Enschede-reconversion-usine-Heylen-Warehouses-Vue-B-231030-1-scaled.jpg)
Apollo to build new tyre warehouse in Enschede
Apollo Tyres will partially rebuild its primary tyre warehouse in Enschede, the Netherlands to “improve operational efficiency and reduce its environmental impact”. Scheduled to reopen in February 2025, investment in the 25,000 m2 warehouse is said to reflect Apollo Tyres’ “long-term commitment to production in the Netherlands”.
Continue Reading![Triangle Q3 net profit up 100%](https://www.tyrepress.com/wp-content/uploads/2023/10/triangle-train.jpg)
Triangle Q3 net profit up 100%
In its third quarter, Triangle produced 6.2706 million tyres, sold 6.5204 million tyres, and reported revenue of approximately 2.67 billion yuan (about £300 million; €340 million).
Continue Reading![Coalition against unfair tyre imports requests tariff review](https://www.tyrepress.com/wp-content/uploads/2023/10/Tariffs.png)
Coalition against unfair tyre imports requests tariff review
Ahead of the expiry of anti-dumping tariffs on China-produced truck tyres imported into the European Union, on 20 October the European Commission reported receiving a request to review these. The European industry observers our sister title Neue Refeinzeitung (NRZ) spoke to expect a preliminary decision at the beginning of the review. Meanwhile, Chinese market sources told Tyrepress China that the tyre makers at the centre of the case have generally responded “calmly”, having become accustomed to “trade barriers” from Europe. Whatever the current market reaction is, the investigation will be concluded “within 12 months and in any event no later than 15 months from the date of…publication” (20 October 2023), according to the Commission.
Continue Reading![Goodyear concludes large-scale solar project](https://www.tyrepress.com/wp-content/uploads/2023/10/pulandian-solar-panels-rooftop-sml.jpg)
Goodyear concludes large-scale solar project
It’s solar superlative time. The Goodyear Tire & Rubber Company reports having completed its largest solar panel installation to date. More than 29,700 solar panels now sit upon the rooftop of the tyre maker’s Pulandian factory site in Dalian, China, as well as on adjoining warehouse and office buildings – equipment that Goodyear says will reduce carbon emissions from purchased electricity by 17,000 tonnes annually over 25 years.
Continue Reading![New owners & execs at GSF Car Parts](https://www.tyrepress.com/wp-content/uploads/2023/10/GSF-sml.jpg)
New owners & execs at GSF Car Parts
The Epiris Fund III of private equity firm Epiris has acquired GSF Car Parts (GSF). This is the fourth investment for Fund III, and Epiris has not disclosed financial terms. The Ahluwalia Family Office has also co-invested in GSF Car Parts alongside Epiris, marking Sukhpal Ahluwalia’s return to the car afterparts market. Sukhpal Ahluwalia becomes executive chairman of GSF and Steve Horne chief executive officer.
Continue Reading![Goodyear partnering on upcycled isoprene](https://www.tyrepress.com/wp-content/uploads/2023/10/Goodyear-placeholder-2.jpg)
Goodyear partnering on upcycled isoprene
A new collaboration between The Goodyear Tire & Rubber Company and California-based bioengineering firm Visolis will lead to the production of isoprene through the upcycling of biobased materials. This collaboration, which Goodyear announced yesterday, is supported by a Small Business Innovation Research (SBIR) grant awarded to Visolis earlier this year.
Continue Reading