Remember This? – November 2023
Stories from the past 20 years of Tyres & Accessories: 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.
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Hankook adding truck & bus tyre production to European plant
With an investment of KRW 758.95 billion (£466.12 million), Hankook Tire & Technology will add truck and bus radial production to its site in Rácalmás, Hungary. The company expects the new production line to be completed by 2027, with an initial capacity to produce around 800,000 tyres annually. The expansion will create approximately 450 new jobs.
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SBTi confirms Kraiburg Austria’s goals
Stefan Mayrhofer, managing director of Kraiburg Austria, is convinced that environmental protection and sustainability awareness are “topics that we owe to future generations.” This is the reason the retreading specialists strives to act in an environmentally responsible manner, its receipt of the EMAS certificate three years ago serving as evidence of these efforts.
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UK-Canadian team wins Synthos Rubber Circularity Award
WMG at the University of Warwick in Coventry and Canada’s University of Victoria are the joint recipients of the inaugural Synthos Rubber Circularity Award, an international competition launched earlier this year to encourage cutting-edge ideas and solutions that significantly improve the environmental performance of synthetic rubber-based tyre compounds. Announcing the winners, Synthos states that the researchers impressed with their “breakthrough technology research concept” but did not elaborate on their work.
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Lower Q3 2023 sales, market share for ETRMA members
The European Tyre and Rubber Manufacturers’ Association (ETRMA) has published its members’ replacement tyre sales data for Europe during the third quarter of 2023, reporting a “significant decline across all segments” that continues the negative market trend seen in the first half of the year.
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Prinx Chengshan names Oliva as European marketing manager
David Oliva has been appointed as European marketing manager for Prinx Chengshan, the Chinese tyre manufacturer that also owns a manufacturing facility in Thailand.
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Prometeon sponsors Italy’s national football teams
Prometeon Tyre Group has signed an agreement with the Italian Football Federation (FIGC) to become the Official Tyre Partner of all Italian national football teams over a three-year period. The deal sees Prometeon partner with the men’s, women’s and junior teams for three years from 2024-2026.
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Bridgestone gains Airbus supplier award
Airbus has bestowed a supplier award upon Bridgestone Corporation in recognition of the tyre maker’s “efforts to realise a sustainable society.” Bridgestone received this award, given in the sustainability category, during last month’s Airbus Global Supplier Conference in Toulouse, France.
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Northgate makes Halfords merger offer
Van rental company Redde Northgate has reportedly presented a £1.4 billion merger to Halfords. According to multiple reports, the two companies have held “detailed talks”. Redde Northgate owns 130,000 vans and corporate cars in the UK and Spain.
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Werkstatt aktuell readers award Continental for ‘Best Tyre Service’
Continental has been named best tyre services provider by readers of German trade magazine Werkstatt aktuell. The Stuttgart-based publication surveyed readers to identify their favourite brands in the commercial vehicle service and aftersales sector from a choice of more than 120 brands in 21 categories.
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Bridgestone prepares for Paris 2024 with Olympic athletes Adam Peaty and Charlotte Worthington
Bridgestone is a Worldwide Olympic and Paralympic Partner for the Games of the XXXIII Olympiad Paris 2024, the third Games of its association. The tyre manufacturer is launching its “Prepared to Perform” campaign with its two UK ambassadors; the five-time Swimming medallist, Adam Peaty, and Freestyle BMX gold medallist, Charlotte Worthington. Bridgestone will present insights from its ambassadors on some of the aspects of their preparation, starting with the process of visualisation, a technique employed by many athletes to cultivate a heightened state of mental awareness.
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Goodyear: Dunlop investment continues, Fulda brand to remain in post-factory scenario
Goodyear may have announced plans to close its Fulda and Fürstenwalde car tyre factories in Germany, but the tyre maker has confirmed that the Fulda brand will continue. Similarly, just a day after Goodyear announced that it is “pursuing strategic options” in relation to the sale of the Dunlop tyre brand as well as the company’s OTR tyres and Chemical businesses, Goodyear EMEA executives have reaffirmed their support for the Dunlop brand.
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Goodyear’s German factory closures will cost ~$600 million, save $120 million yearly by 2027
Goodyear has confirmed that ending tyre production at its Fulda and Fürstenwalde factories in Germany will be recorded as a charge of “between $575 million and $600 million”. Of that, $425 million to $450 million is “primarily for associate-related costs and other exit costs”. The remainder represents “non-cash charges of approximately $150 million” related to “…accelerated depreciation”.
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BASF approves Pyrum expansion loan
In 2020, chemical company BASF invested 16 million euros in Pyrum Innovations as part of its ChemCycling project and since then has purchased Pyrum pyrolysis oil, feed this into its production network for the manufacture of Ccycled products. BASF looks forward to significantly increasing the quantities of pyrolysis oil it uses when Pyrum brings planned new facilities online – and is now supporting this plant rollout through the signing of a cooperation agreement, under which it will initially provide Pyrum with 25 million euros of financing.
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Pyrum announces further pyrolysis JV
Recycling company Remondis Group recently signed a letter of intent with Pyrum Innovations. The partners intend to set up a plant for reclaiming raw materials from end-of-life tyres on a site in Bremen, Germany that’s owned by Weserport, a subsidiary of Remondis sister company Rhenus. This plant will be capable of recycling 20,000 tonnes of tyres annually.
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