![Altrad’s 1,000 van fleet to roll out Michelin Connected Fleet](https://www.tyrepress.com/wp-content/uploads/2023/06/017-01-MICHELIN-Connected-Fleet-Altrad-1200x675-1.jpg)
Altrad’s 1,000 van fleet to roll out Michelin Connected Fleet
Support services provider Altrad will roll out Michelin Connected Fleet’s connected management services across its 1,000-strong fleet of vans over the next year. The company says it will use the solutions and insights to improve driver behaviour, help reduce accident rates and assist in the transition to electric vehicles. It also wants to make its operations more cost-effective, safer and more sustainable.
Continue Reading![Germany: Union will fight Goodyear job cuts “with everything we have”](https://www.tyrepress.com/wp-content/uploads/2023/06/Goodyear-Fulda.jpg)
Germany: Union will fight Goodyear job cuts “with everything we have”
Opposition is building against planned job cuts at the Goodyear plant in Fulda, Germany. The tyre maker announced at the start of June that it would cut about half of the current 1,150 jobs at the Fulda site, and the local Goodyear works council has now invited the workforce in Fulda and other Goodyear sites in Germany to demonstrate against the job cuts in front of the factory gate next Monday afternoon. A non-public works meeting is also scheduled to take place within the plant that day, as employee union IGBCE writes in a recent press release in which it threatens Goodyear with a “fight”.
Continue Reading![European locations feature in GCEI’s ELT pyrolysis plans](https://www.tyrepress.com/wp-content/uploads/2021/08/placeholder-sml.jpg)
European locations feature in GCEI’s ELT pyrolysis plans
US-based waste-to-energy firm Global Clean Energy, Inc. (GCEI) reports that its Pyrolysis division has selected three European and ten domestic locations where pyrolysis facilities for processing end-of-life tyres into oil, recovered carbon black and steel can be built on a profitable basis. News of these proposed facilities follows the company’s decision not to initiate operations at another pyrolysis plant.
Continue Reading![Spurs legends aplenty at Kumho five-a-side tournament](https://www.tyrepress.com/wp-content/uploads/2023/06/Ledley-Kumho-sml.jpg)
Spurs legends aplenty at Kumho five-a-side tournament
An annual five-a-side football tournament involving its customers and legends of the beautiful game is one of the many benefits of Kumho Tyre’s long-term partnership with Tottenham Hotspur. This year’s money-can’t-buy experience saw eight teams battling for glory at the Club’s Training Centre in Hotspur Way, with players travelling from across the UK and as far afield as the North of Scotland to participate.
Continue Reading![Tour de France a platform for Continental safety & sustainability](https://www.tyrepress.com/wp-content/uploads/2023/06/continental_pp_tour_de_france_2-sml.jpg)
Tour de France a platform for Continental safety & sustainability
Continental returns to the Tour de France this year as a main sponsor, and in addition to supplying six of the participating teams with bicycle tyres, the brand is also equipping support vehicles with PremiumContact 6 and EcoContact 6 tyres. All tyres fitted to support vehicles feature ContiRe.Tex technology.
Continue Reading![Goodyear publishes 2022 corporate responsibility report](https://www.tyrepress.com/wp-content/uploads/2023/06/goodyear-crr-cover-sml.jpg)
Goodyear publishes 2022 corporate responsibility report
The Goodyear Tire & Rubber Company has released its report on corporate responsibility performance for 2022, a document that details the company’s efforts to create value for its internal and external stakeholders by integrating sustainability throughout its business. The report also highlights the progress Goodyear is making toward achieving its short- and long-term sustainability goals.
Continue Reading![Titan’s Paul Reitz an EY Entrepreneur Of The Year](https://www.tyrepress.com/wp-content/uploads/2023/06/EY-Entrepreneur-winner-REITZ.jpg)
Titan’s Paul Reitz an EY Entrepreneur Of The Year
Ernst & Young LLP (EY US) has named Titan International’s Paul Reitz a winner of its Entrepreneur Of The Year 2023 Midwest Award. The chief executive officer considers this not only an honour on a personal level, but also “testament to the fact” that the tyre maker has “an exceptional team in place.”
Continue Reading![Record sales revenue for Banner Group](https://www.tyrepress.com/wp-content/uploads/2020/10/820_earth_globe-scaled-e1602237485165.jpg)
Record sales revenue for Banner Group
Banner’s latest financial report serves to highlight the positive impact its ‘Agenda 2030’ Corporate Development Strategy is having on the Group performance as one of Europe’s leading manufacturers of automotive batteries and battery accessories. Despite having faced challenges in regard to costs and supply chain issues, Banner has posted a record sales revenue for its 2022/23 financial year (1st April 2022 to 31st March 2023). Having enjoyed a more than 7 per cent increase in sales revenue, standing at EUR 307 million, Banner’s sales of starter batteries totalled 4.1 million.
Continue Reading![BorgWarner to acquire Eldor Corporation’s Electric Hybrid Systems business segment](https://www.tyrepress.com/wp-content/uploads/2020/10/tlo_biz83a-scaled-e1602237521703.jpg)
BorgWarner to acquire Eldor Corporation’s Electric Hybrid Systems business segment
BorgWarner Inc. and Eldor Corporation S.p.A. have announced that they have entered into a Share Purchase Agreement under which BorgWarner has agreed to acquire the Electric Hybrid Systems (EHS) business segment of Eldor for €75 million at closing with a potential additional amount due subject to an earnout.
Continue Reading![Michelin top, Sailun the fastest riser: All change in the second half of the global tyremaker top 20](https://www.tyrepress.com/wp-content/uploads/2023/06/Leading-tyre-companies-preview_TB.png)
Michelin top, Sailun the fastest riser: All change in the second half of the global tyremaker top 20
There are many changes in our latest leading tyre manufacturers ranking. The 2023 table, which lists the world’s leading tyre companies according to their full-year 2022 financial results, particularly highlights the shifts that have taken place this year in the second half of the top 20. Meanwhile, the top nine tyremakers appear to be an increasingly stable group. Between places nine and 10, there is still a gap of some 1 billion euros, something that is clearly hard to overcome for newcomers. However, as insurmountable as it appears, the gap is obviously narrowing.
Continue Reading![First airline selects PresSense connected tyre](https://www.tyrepress.com/wp-content/uploads/2023/06/Azul-PresSense_Safran-Michelin-sml.jpg)
First airline selects PresSense connected tyre
Brazilian airline Azul has chosen the PresSense connected tyre and its pressure measurement system to equip its fleet of nearly 110 aircraft, which includes Airbus A320s and A321s, and Embraer 195-E1s and 195-E2s.
Continue Reading![Pirelli: Sinochem sources sceptical of divestment](https://www.tyrepress.com/wp-content/uploads/2023/06/Pirelli-shareholder-structure-sml.jpg)
Pirelli: Sinochem sources sceptical of divestment
Three sources “close to the matter” have shared with Reuters their expectation that Sinochem Holdings will retain its stake in Pirelli despite Italy’s Golden Power Decree restrictions. One commented that China may view an exit from Pirelli as a “reputational setback” at a time of “tenser relations” with Western countries.
Continue Reading![Yokohama Rubber develops crack-resistant rubber](https://www.tyrepress.com/wp-content/uploads/2023/06/Yokohama-crack-resistant-rubber-sml.jpg)
Yokohama Rubber develops crack-resistant rubber
In collaboration with partners from a Japanese university, The Yokohama Rubber Co., Ltd. has developed a rubber that is highly elastic and resistant to cracking. The company anticipates that further research in this area will lead to the development of safer and more durable tyres.
Continue Reading![Turbulent times in tyre town](https://www.tyrepress.com/wp-content/uploads/2023/06/blimp-5314195_1920.jpg)
Turbulent times in tyre town
It has not been the best 12 months for Goodyear or its employees. 2023 might mark the company’s 125th anniversary, but the combination of already-announced global job cuts, European manufacturing restructuring and ongoing cost-cutting operations mean that for many individual workers it may be their last (see page 14 of the June print edition onwards of complete coverage). This article is an example of the editorial comment that introduces every edition of Tyres & Accessories magazine. Not a subscriber? No problem, click here to become one.
Continue Reading![Are the wagons or vultures circling at Goodyear? Analysing Elliott Investment Management’s case for change](https://www.tyrepress.com/wp-content/uploads/2023/06/GAS-summit-mall-akron-oh-20160608-scaled.jpg)
Are the wagons or vultures circling at Goodyear? Analysing Elliott Investment Management’s case for change
Elliott Investment Management L.P.’s 11 May open letter to Goodyear’s board of directors sent shockwaves through the company and the markets. Essentially, Elliott’s expounded on its “deep conviction in the opportunity for Goodyear to improve after more than a decade of underperformance”, which was widely interpreted as laying down the gauntlet to Goodyear’s board and most senior executives. With Elliott calling pistols at dawn in the mid-west, the question is: is it time to buckle up and circle the wagons in Akron or are vultures circling over Goodyear? Here, Tyres & Accessories presents an in-depth analysis of Elliott’s arguments for enormous change, critically evaluating the problematic areas Elliott identifies along the way. In order to support our analysis, we spoke to senior executives close to Goodyear, those with first-hand management experience in Akron, financial analysts and third-party market researchers.
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