Pirelli confirmed on S&P Dow Jones Indices
Following the annual review of its indices, S&P Global has confirmed Pirelli on the Dow Jones World Index and Europe Sustainability Index. This confirmation follows the announcement in November that Pirelli had obtained the highest scores in the Auto Components and Automotive sectors as part of the S&P Global 2023 Corporate Sustainability Assessment.
Continue Reading
Nokian Tyres signs sustainability-linked credit facility
Nokian Tyres plc has today signed a syndicated revolving credit facility of 200 million euros with a group of five banks, which will replace a total of 175 million euros of existing credit facilities. The company will use the three-year facility, which has two one-year extension options, as a back-up for general corporate purposes.
Continue Reading
New Kumho concept tyre uses 80% sustainable materials
Kumho Tire has developed a tyre made from 80 per cent sustainable materials. The manufacturer said the tyre, which replaces petrochemicals with sustainably sourced and recycled materials, represents a step towards its goal to develop products made entirely of sustainable materials by 2045.
Continue Reading
Pirelli presents 50th edition of The Cal
There’s absolutely nothing tyre-related to see, but that doesn’t faze Pirelli. With less fanfare than we expected from the 50th edition and the concept’s 60th anniversary, Pirelli has launched its latest Calendar. It presented this creation – also known as The Cal – to the world at an event held in London on 30 November.
Continue Reading
German prosecutors investigate Continental subsidiary
Instead of rectifying quality issues affecting hoses produced at the ContiTech plant in Korbach, Germany, someone allegedly chose to address the problem by systematically manipulating test results. Continental uncovered this potential fraud during an internal investigation, and authorities are now on the case.
Continue Reading
Strong demand for Alcoa Dura-Bright wheels – Groundbreaking for Hungary plant expansion
On Tuesday, Alcoa Wheels Europe broke ground on a plant expansion in Hungary that will meet growing demand for Alcoa Dura-Bright wheels. The start of work at the Howmet-Köfém LLC site follows the recent celebration of Alcoa’s 75th anniversary.
Continue Reading
Goodyear’s Kramer gains prestigious NASCAR award
NASCAR has honoured Goodyear’s Rich Kramer with the Bill France Award of Excellence in recognition of his leadership and contributions to the motorsport series as chief executive and president of Goodyear. Jim France, chairman and chief executive officer of NASCAR, presented Kramer with the accolade during the 2023 NASCAR Cup Series Awards on 30 November.
Continue Reading
Falken hosts ‘employee empowerment’ workshops supporting campaign to end gender-based violence
Falken Tyre Europe is participating in the United Nations’ ‘Orange the World’ campaign calling for an end to gender-based violence. The company is publicising the 16-day period marking the campaign in Germany, which began on 25 November, the UNs official Orange Day, via its Falken social media channels and in internal communications.
Continue Reading
Kerr’s Tyres Group acquires GM Tyres
Kerr’s Tyres Group has announced its purchase of GM Tyres in Tandragee, Northern Ireland. The Antrim-based company says this acquisition “marks a significant milestone for Kerr’s Tyres Group” that further solidifies its “commitment to providing proven products and services to its customers.”
Continue Reading
Pirelli honours top suppliers
This year’s Pirelli Supplier Day took place today at the tyre maker’s headquarters in Milan, with the company welcoming companies from 18 countries. The more than 70 strategic suppliers attending the event represent around 40% of Pirelli’s annual global purchases, and Chief Procurement Officer Andrea Maganzani honoured five stand-out firms.
Continue Reading
Solution for CV electrification – Symbio inaugurates fuel cell gigafactory
Symbio, Michelin’s equally owned joint venture with automotive supplier Forvia and vehicle manufacturer Stellantis, has inaugurated its SymphonHy facility today. Located in Saint-Fons, within the Auvergne-Rhône-Alpes region of France, the site houses Symbio’s headquarters, a production plant, an innovation hub and the Symbio Hydrogen Academy.
Continue Reading
LKQ Corporation names Hamilton SVP of LKQ and European MD
Andy Hamilton, currently chief executive officer of LKQ UK & Ireland, is to become senior vice president of LKQ as well as president and executive managing director of LKQ Europe from 1 January 2024. The news follows the announcement last week that Justin Jude was to succeed Dominick Zarcone as president and CEO of LKQ Corporation on 1 July 2024.
Continue Reading
Remember This? – December 2023
Our monthly magazine column looks back at the biggest news events from the tyre industry five, 10, 15 and 20 years ago. Click the month and year to access the digital edition of the relevant issue of the magazine from Tyres & Accessories expanding digital archive.
Continue Reading
Continental presents mid-term targets
Continental revealed its strategy for growth at its Capital Market Day yesterday. The company aims to enhance value creation by implementing cost reduction measures, with a goal of achieving an adjusted EBIT margin of 8-11% within 2-3 years and improving within this range thereafter. Continental also refined its sales targets and now aims for €44-48 billion in 2-3 years and €51-56 billion in 3-5 years.
Continue Reading
New VMI Southeast Asian service centre
VMI has officially opened its new Southeast Asian service centre in Chonburi, Thailand. The machinery manufacturer says the move from smaller premises to the high-tech facility reflects its “commitment to support the industry in this increasingly important region.” The new service centre will serve the growing needs of VMI customers in the entire Southeast Asian region.
Continue Reading
