![Hankook partners with Amazon Web Services and Snowflake in AI tyre development plans](https://www.tyrepress.com/wp-content/uploads/2023/04/20230421_Hankook_plans_AI_data_platform_with_Amazon_Web_Services_and_Snowflake.jpg)
Hankook partners with Amazon Web Services and Snowflake in AI tyre development plans
Hankook Tire’s holding company (Hankook & Company) along with Amazon Web Services (AWS) and Snowflake are working on an integrated AI data platform to improve the performance and quality of tyres. According to the company, the digital ecosystem should also help to develop autonomous driving technology, increase efficiency in product development and increase quality through the analysis of manufacturing data.
Continue Reading![Hankook official partner of Devon & Cornwall truck shows](https://www.tyrepress.com/wp-content/uploads/2023/04/Hankook-truck-shows.jpg)
Hankook official partner of Devon & Cornwall truck shows
Following on from a successful 2022, Hankook Tyre UK has signed up again as official partner at this year’s Devon Truck Show and the Truck Show Cornwall, which will respectively take place on 13 and 14 May at Honiton Showground and 29 and 30 July at Stithians Showground, Truro. Hankook says these events will be an “excellent opportunity” for it to exhibit products from its truck tyre portfolio and to liaise with new and existing fleet partners.
Continue Reading![Bridgestone increases renewable energy use in Japan](https://www.tyrepress.com/wp-content/uploads/2023/04/Bridgestone-Kurume-sml.jpg)
Bridgestone increases renewable energy use in Japan
With the changeover of three facilities this month, Bridgestone is powering all but one of its tyre and raw material plants in Japan with 100% renewable purchased electricity. The Kurume, Amagi and Saga sites are the latest where Bridgestone is sourcing renewable power. A total of ten plants in Japan now run on purchased renewable electricity, the earliest having changed to renewable sources in July 2021.
Continue Reading![Continental in Russia: S8 Capital named again as likely buyer](https://www.tyrepress.com/wp-content/uploads/2023/04/Continental-Kaluga.jpg)
Continental in Russia: S8 Capital named again as likely buyer
Without naming its sources, German newspaper Frankfurter Allgemeine (FAZ) stated yesterday that Continental intends to sell its tyre factory in Kaluga, Russia to holding company S8 Capital. The publication shares that Continental is awaiting the transaction’s approval by Russian authorities. A Continental spokesperson told FAZ that the sale is at an “advanced stage.”
Continue Reading![Mission “successfully completed”? The Goodyear-Cooper integration and its contradictions](https://www.tyrepress.com/wp-content/uploads/2023/04/Goodyear-Innovation-Center-Luxemburg.jpg)
Mission “successfully completed”? The Goodyear-Cooper integration and its contradictions
When Goodyear Tire & Rubber Co. announced at the end of January that 500 jobs are being cut worldwide and linked this to business performance in the EMEA (Europe Middle East and Africa) region (see “Goodyear reports losses of $104 million in Q4 2022, points the finger at Europe”, T&A 3/2022, page 18), executives were effectively acknowledging the significant pressures facing the business. When Goodyear published its full-year 2022 and fourth quarter 2022 figures a few days later, the red numbers highlighted the pressing reality of those problems. Within that broad picture, it now seems clear that the US$2.8 billion Cooper takeover initiated two years ago has not yet brought the promised return, something Goodyears market capitalisation and the relative profitability of its competitors neatly illustrate. Meanwhile, some within Goodyer refer to the integration as “successfully completed”, but without offering details. In other words, the supposed success of the Goodyear-Cooper integration doesn’t match the company’s sub-par financial performance. With that in mind, here we take a pan-European look at those particularly contradictory perspectives.
Continue Reading![Michelin: No new news about Russia](https://www.tyrepress.com/wp-content/uploads/2023/04/Michelin-Davidovo_tb.jpg)
Michelin: No new news about Russia
The Annual Meeting of Michelin Shareholders will take place on Friday 12 May, and amongst the plethora of information contained within the accompanying Notice of Meeting document, the company shares a few words on activities in Russia. Its message is largely unchanged since the previous update two months ago.
Continue Reading![China: Synthetic rubber partnership for tyre applications](https://www.tyrepress.com/wp-content/uploads/2023/04/China-synthetic-rubber-signing-ceremony.jpg)
China: Synthetic rubber partnership for tyre applications
The research institute behind Sailun Group’s EcoPoint3 compounding technology has established strategic partnerships with two companies to explore synthetic rubber applications for use in tyre production. EVE Rubber Institute has signed agreements with Ecombine Advanced Materials and Arlanxeo High Performance Elastomer (Changzhou), with the three parties planning to draw upon their respective technological and marketing strengths to deliver innovations in liquid-phase mixing.
Continue Reading![Key appointments aiding growth at Ascenso Tyres CE](https://www.tyrepress.com/wp-content/uploads/2023/04/Marcel-Fuhrer-sml.jpg)
Key appointments aiding growth at Ascenso Tyres CE
During what it refers to as a “successful” first quarter 2023, Ascenso Tyres CE has added to its team with the appointment of Pawel Kopinski, who takes over responsibility for the business in Poland, Hungary, Czech Republic and Slovakia, and Olaf Sandeck, who joins the company from Mitas to expand original equipment activities. The aim of generating sales of 50 million euros within five years is “thus gaining momentum.”
Continue Reading![Bridgestone Fleet Debris Study: Consign yard-based tyre damage to the scrapheap](https://www.tyrepress.com/wp-content/uploads/2023/04/scrap-tyres-sml.jpg)
Bridgestone Fleet Debris Study: Consign yard-based tyre damage to the scrapheap
Anyone who abhors saving money or road safety should read no further, for Bridgestone is certain that “thousands of costly punctures on motorways across England can be prevented in a matter of minutes.” The key to achieving this speedy, safety-related saving is, according to a Bridgestone study, regularly inspecting commercial fleet yards for bolts, nails and screws.
Continue Reading![Revenue of Double Coin parent (Huayi) exceeded 10 billion yuan in 2022](https://www.tyrepress.com/wp-content/uploads/2023/04/Double-Coin.png)
Revenue of Double Coin parent (Huayi) exceeded 10 billion yuan in 2022
Recently, Shanghai Huayi, the parent company of Double Coin, announced its operating data for 2022. In 2022, the revenue of Huayi’s tyre segment reached 10.02 billion yuan (approximately £1.175 billion; €1.338 billion), a year-on-year increase of 6.62 per cent. Regarding net profit, Huayi relies heavily on Huayi Group (Hong Kong), which is responsible for overseas business (especially the business of factories in Thailand). During the reporting period, Huayi Group (Hong Kong) achieved a net profit of 172 million yuan (about £20 million; €23 million). The Double Coin Tire Group, responsible for Huayi’s domestic tyre business in China, lost 26.4318 million yuan (about £3.1 million; €3.53 million).
Continue Reading![Continental’s Burkhard Wies has “a new job”](https://www.tyrepress.com/wp-content/uploads/2023/04/Wies-Prof.-Dr.-Burkhard.jpg)
Continental’s Burkhard Wies has “a new job”
After more than 25 years with Continental, Prof. Dr. Burkhard Wies has, in his own words, taken on “a new job”. He is still in the service of the same tyre manufacturer, but was appointed to the position of Vice President Innovation & Applied Research effective the beginning of the year.
Continue Reading![Goodyear launching 2023 Drive Results tour](https://www.tyrepress.com/wp-content/uploads/2023/04/driveresultstour2023-sml.jpg)
Goodyear launching 2023 Drive Results tour
Goodyear is about to embark on its 2023 Drive Results tour, a commercial vehicle road trip that will visit 15 countries across Europe between April and November. The tour will take Goodyear’s new Drive Results showroom truck to a variety of European events, showcasing the full breadth of the Goodyear Total Mobility offering.
Continue Reading![Carmakers trialling Bridgestone’s 75% recycled & renewable tyre](https://www.tyrepress.com/wp-content/uploads/2023/04/Bridgestone_75-tyre-sml.jpg)
Carmakers trialling Bridgestone’s 75% recycled & renewable tyre
Bridgestone has produced a run of demonstration tyres with 75% recycled and renewable materials, including synthetic rubber made with recycled plastics and natural rubber containing hevea and guayule. The company is now jointly evaluating the tyres with vehicle manufacturers with a view to their use on the next generation of electrified SUVs and crossovers.
Continue Reading![Yokohama Rubber reducing CO2 footprint of motorsport tyres](https://www.tyrepress.com/wp-content/uploads/2023/04/Yokohama-motorsport-advan-sml.jpg)
Yokohama Rubber reducing CO2 footprint of motorsport tyres
As a contribution to carbon neutrality in motorsport, Yokohama Rubber is now powering its motorsport tyre production line in Mishima, Japan with electricity from renewable sources. Furthermore, certain tyres produced on this line contain 33% sustainable materials.
Continue Reading![UK Trade Remedies Authority investigation to start in weeks – ITMA](https://www.tyrepress.com/wp-content/uploads/2019/10/IMG_0167b.jpg)
UK Trade Remedies Authority investigation to start in weeks – ITMA
Following the news that the European Commission has introduced new definitive import tariffs against Chinese-produced truck tyres, we now know that a decision relating to any UK implementation of those rules is scheduled to be made by October. The latest detail is that the body responsible for the investigation relating to the UK implementation of any tariffs is set to start in weeks, according to the Imported Tyre Manufacturers Association (ITMA).
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