Goodyear inaugurates tyre Simulation Center for OEM customers
More than a year after completing and commissioning its Simulation Center in Luxembourg, The Goodyear Tire & Rubber Company officially opened the facility yesterday. Tyrepress.com was present to see and experience this “new era for tyre design and development.
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Continental cuts 150 Gigawatt hours from annual energy consumption
Through the implementation of 160 energy-saving projects, Continental Tires reduced its annual energy requirements by around 150 gigawatt hours in 2023. This energy saving could power some 12,500 family homes for a year.
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Sumitomo Rubber invests in Viaduct
Sumitomo Rubber Industries (SRI) has developed its Sensing Core smart tyre technology to include a wheel security function which is set to reach production vehicles this year. Sensing Core is a flexible, sensor-less analysis and monitoring system with many different applications, including tyre pressure and wear, uneven loads and hazardous road conditions.
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Point S launches new global website
Point S has marked its 53rd anniversary with the launch new global website. The new website mirrors Point S’ stated vision to be the ultimate global benchmark for vehicle maintenance. Point S reports that it has streamlined the websites structure “placing user convenience and accessibility at the forefront”.
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Read and download Tyres & Accessories March 2024 now
In the March 2024 issue of Tyres & Accessories Magazine is now available as an e-paper for subscribers to Tyrepress. The latest issue includes a focus on tyre industry sustainability and commercial vehicle tyres. It also includes in-depth articles and analysis tackling current events and trends in the global tyre industry and the latest new tyres, such as Pirellis new all-season tyre and the Bridgestone Blizzak 6 winter tyre. 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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Pirelli signs 600-million-euro credit line
Pirelli has secured a new term loan line of credit totalling 600 million euros, scheduled to mature in October 2028. This agreement, made with a select group of international banks, falls within the companys routine efforts to manage and optimise its financial structure.
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Webfleet offering assistance with CSRD compliance
Although the European Union’s Corporate Sustainability Reporting Directive (CSRD) does not directly affect UK firms, stock-listed companies with EU subsidiaries and more than 500 employees must record CO2 emissions from this year for 2025 reporting. The CSRD will trawl its net further each year until, by 2027, the requirement to record CO2 data will apply to all UK companies with a non-EU parent and more than €135 million in EU turnover. Bridgestone Mobility Solutions says its Webfleet solution can help fleets impacted the CSRD.
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Nokian lays off car tyre production in Nokia
Nokian Tyres is adjusting production at its Nokia passenger car tyre factory in Finland for “at least two weeks”. However, based on recent negotiations the production employees can be laid off due to financial and production related reasons for a maximum period of 90 days. The lay-offs result from “ongoing political strikes affecting ports and transportation in Finland”, according to the company. Nokian reports that that wider environment has led to “Nokian Tyres’ inventories of tyres filling up, as the company is unable to deliver tyres to its customers”.
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Bridgestone publishes 2023 DE&I report for EMEA region
Bridgestone has issued its 2023 Diversity, Equity, and Inclusion (DE&I) Annual Report for Europe, the Middle East, and Africa (EMEA), spotlighting the companys endeavours to foster an equitable environment for underrepresented demographics and to enrich the diversity of its workforce.
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From kitchen table to the world – Vimexa celebrates 10th birthday
It’s now little over a decade since Rutger Veerman told us of his plan to establish himself as a ‘matchmaker’ for tyre, wheel and battery companies. The idea was to serve as an intermediary between supply and demand, matching stocks in and outside Europe with customers seeking these products. Vimexa Automotive BV figuratively opened its doors for business in January 2014.
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How much might Sumitomo Rubber Industries pay for Dunlop?
During an earnings call with investors in mid-February, Sumitomo Rubber Industries (SRI) did the closest thing possible to throwing its hat into the ring when it comes to buying Dunlop tyre brand rights when SRI executives acknowledged their interest in buying Dunlop in Europe and North America. Those rights currently belong to The Goodyear Tire & Rubber Company, which recently announced its intention to position Dunlop as a “strategic player within the high-end value segment of the market” to prevent direct competition against its main Goodyear brand within the premium segment.
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Michelin sharing tyre particulate research system with ETRMA members
Michelin reports that it is presenting a “new step forward with the development of a system for analysing small particles” as well as “the first research results to the scientific community and industry” during Tire Technology 2024. Details of this research were published in December 2022 and in March 2023. More recently, Michelin has made the system for analysing emitted light particles available to the tyre industry and to ETRMA (European Tyre & Rubber Manufacturers’ Association). The ETRMA will furthermore conduct a campaign of measurements on a larger scale with the aid of an independent third party. The campaign will launch this year and will continue for around 18 months.
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Nexen folds German and Italian tyre subsidiaries into Czech operation
Nexen Tire is consolidating its three European entities (that is Czech Republic manufacturing and sales operation as well as its German sales and marketing led business plus its Italian mainly sales and marketing subsidiary) into a single Czech corporation. Business Korea reports that this initiative aims to “streamline business operations by centralizing dispersed bases within Europe”. Tyrepress.com’s sister titles in Germany and Italy (reifenpresse.de and pneusnews.it) have sought clarification and comment from the respective Nexen subsidiaries.
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Bridgestone aiding Burgos plans with high-capacity logistics centre
Bridgestone EMEA has officially opened a new “smart logistics facility” for tyre storage at its Burgos site in Spain. The more than 44,500 square metre ‘Tizona’ facility enables the company to store more than 800,000 tyres in one location. Billed as one of Bridgestone’s “most significant logistics centres in Europe” and the result of an investment exceeding 40 million euros, Tizona represents for the tyre maker a “large boost to the growth and development of its facilities in Burgos.”
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SBTi certifies SRI emissions targets
The Science Based Targets Initiative (SBTi) has granted Sumitomo Rubber Industries, Ltd. (SRI) certification for its greenhouse gas emission reduction targets for 2030, deeming these to be consistent with scientific evidence. For Scope 1 and Scope 2, SRI aims to reduce absolute emissions by 55%, compared with 2017 levels. SRI’s target for Scope 3 and Category 1 is to reduce absolute emissions by 25%, compared with 2021.
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