Michelin launches new corporate site, media portals
This week, Michelin launched what it calls a “new brand ecosystem” – the French tyre maker has introduced an entirely redesigned michelin.com site, a worldwide Facebook page and YouTube channel, and a new presence on LinkedIn. The new site is designed to be more accessible and ergonomic while also intuitive and functional; Michelin describes it as “an expression of the brand’s digital promise” that is aligned with its values and the brand’s stated mission of giving “everyone a better way forward.”
Continue ReadingAeolus a DongFeng Racing Team platinum sponsor
According to Greek mythology, Aeolus was the ruler of the winds, and for this reason Aeolus Tyres’ Western Europe general manager considers sponsoring a participant in the Volvo Ocean Race 2014/2015 highly appropriate. At a press conference in the French seaport of Lorient, Thomas Wohlgemuth said the sponsorship deal with the DongFeng Racing Team had “set the sails towards the right direction” and will aid Aeolus in its goal of positioning itself at the apex of its business segment.
Continue ReadingMitas to expand Serbia tyre factory
Mitas has announced plans to invest the expansion of its Ruma, Serbia factory. In the first part of the planned upgrades, Mitas will build a new logistics centre. According to the company, this will help satisfy the rising demand from South European, East European and Middle East markets. In practice this means Mitas will soon also prepare an upgrade of Rumas production capacities for radial agricultural and forestry tyres. Mitas’ Serbian factory now produces both bias and radial agricultural tyres. The investment will be completed in mid-2016, at which point the Ruma plant will have a capacity of 35,000 tonnes a year.
Continue ReadingBlackcircles.com opens first Tesco PitStop in Scotland
Blackcircles.com has opened its fourth tyre fitting Tesco PitStop, and first in Scotland, at Tesco Extra in Silverburn, Glasgow. The PitStop is operational and opened for bookings on Saturday 28 June, with the first tyres being fitted on Monday 30 June. The first PitStop Click&Fit tyre bay was opened in Milton Keynes in July 2013. Since then, additional PitStops have been opened at Tesco Extra stores in Bar Hill, Cambridge and Handforth, Cheshire.
Continue ReadingFurther details on Goodyear’s Americas investments
At the end of May, Goodyear Tire & Rubber shared details of its plans to increase its consumer tyre capacity in the Americas by 12 million units a year between 2013 and 2019 by erecting a new factory and upgrading existing plants. Further details on these projects have been published by “agência latinapress”; on 27 June, it reported Goodyear’s Latin American region president Jamie Szulc as saying the tyre maker is looking at sites in Brazil, Columbia, Mexico and the US for its greenfield facility, which will have an annual capacity of 6 million tyres. Szulc is also quoted as saying that investments in Goodyear plants in Venezuela, Peru and Columbia are on the cards.
Continue ReadingNexen confirms Czech Republic factory details
Nexen Tire has officially confirmed that it is building a new plant in Zatec, Czech Republic with the stated aims of developing its European foothold and expanding its global production base. The company also confirmed that the project will cost 1.2 trillion Korean won, approximately 829 million euros, bringing some clarity to reports that have also suggested a US$1.17 billion pricetag.
Continue ReadingNexen gearing up for greater European presence
A lot has been going on at Nexen this year. Much of this activity has been taking place within the European market. And more still was going on during the weeks before, during and after the Essen Show. Less than two weeks before the exhibition opened the company highlighted its recent progress with first quarter results punching above the company’s weight. During the exhibition the company was ostensibly there to display examples from its range and launch three new products – the N’blue HD Plus, Winguard SnowG and Winguard WT1(see textbox for more about what was actually presented in Essen). But it quickly transpired that there is more than this going on.
Continue ReadingNexen Tire signs Czech plant deal, ups investment to $1.17 billion
Following Tyres & Accessories’ reporting of Nexen Tire Corp’s decision to build a greenfield tyre production plant in the Czech Republic back in March 2014, the company has signed a deal with the Czech government. On 27 June the Korean Yonhap news agency reported that tyre company negotiated a 1.2 trillion won (US$1.17 billion) to build the factory. The specific number here is significant because the details issued to T&A in March only referred to investment of $800 million dollars.
Continue ReadingMaxxis/Cheng Shin investing $500 million in tyre factory construction and expansion
Cheng Shin Rubber Ind. Co. Ltd. (the parent company of Maxxis International) is investing over US$500 million in building new plants in Indonesia and Taiwan as well as expanding three existing plants in China.
Continue ReadingThe Genesis of Zenises
Mid-way through the Essen Show, the people behind one of the largest plots in hall three (home to the Infinity, Westlake and Linglong brands) announced that they are changing their corporate identity. And while this did mean the unveiling of a Zenises logo and a new range of Z branded tyres, speaking to chief executive officer Harjeev Kandhari reveals that the concept goes far further than this.
Continue ReadingMaxxis ‘holding ground’ in global tyre market
Maxxis held its ground at number nine in the annual Tyres & Accessories ranking of key global tyre industry companies, with its 2013 financial results showing consistency with 2012. The Taiwan based manufacturer reported small increases in sales, from $4.63 billion in 2012 to $4.77 billion in 2014, with net profit remaining at around 14 per cent. Maxxis International managing director Derek McMartin said that the company considers its results “a great achievement” given the continuing volatile market situation.
Continue ReadingCooper plans Ohio technical centre to supplement Melksham facility
Cooper has formally announced its plans for a $35.5 million Global Technical Center in Findlay, Ohio, Tire Review reports. Located at the tyre-maker’s headquarters the new tech centre will occupy the same building as the company’s North America Technical Center (NATC). Expected to be operational by the end of the year, the GTC will supplement the tyre-maker’s regional tech centres around the world, including its Asia Technical Center in Kunshan, China, its European Technical Center in Melksham, England, and its NATC, on site.
Continue ReadingCzech government approves Nexen investment plan
On 16 June the Czech Republic government endorsed one of the largest investments made in the country in the last few years; The Czech cabinet approved Nexen Tire’s plan to invest Kc 22.8 billion (£663.8 million) to build a factory in the Ústí nad Labem region of Bohemia. According to the Czech government, the project will create around 1,000 jobs.
Continue ReadingTriangle takes westward steps
China-based Triangle Group Co. Ltd. may already be the world’s 15th largest tyre manufacturer, according to Tyres & Accessories’ latest global tyre manufacturer ranking, but it is clear that the company is intending to go far further than this. Rhetoric to this effect is not uncommon amongst Far Eastern businesses, but as is always the case, actions speak louder than words. With its latest appearance in Essen Triangle has begun fleshing out its plans to take the company from being a Chinese manufacturer with export sales to being a large international manufacturer with global reach.
Continue ReadingGoodyear DuraTrac best off-road tyre says Off Road magazine
For the second time in a row, Goodyear’s Wrangler DuraTrac tyre has been chosen as the best off-road tyre by readers of the specialised German magazine “Off Road”. It won in the category “Traction Tyres,” in which readers were invited to vote for one of 10 competitors.
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