![America first: Continental sister company Schaeffler investing across the pond](https://www.tyrepress.com/wp-content/uploads/2023/03/Welt-Rosenfeld-sml.jpg)
America first: Continental sister company Schaeffler investing across the pond
Major German automotive components supplier Schaeffler Group, which like tyre and automotive systems firm Continental counts the Schaeffler family’s IHO Holding as a significant shareholder, is shunning investment at home and in Europe in favour of the USA. In addition to more advantageous energy prices, Schaeffler looks approvingly upon the USA’s more pragmatic approach to climate issues.
Continue Reading![Grupo Andrés invests in financial management consultancy iFinanciera](https://www.tyrepress.com/wp-content/uploads/2023/03/Andres-iFinanciera-sml.jpg)
Grupo Andrés invests in financial management consultancy iFinanciera
Grupo Andrés, a leading tyre distributor in the Iberian Peninsula, has acquired a 20% stake in specialist financial management consultancy iFinanciera. Explaining the decision to invest, Javier Andrés Herrera states that involvement in iFinanciera is closely linked to the development and growth of Grupo Andrés’ own companies and provides important synergies.
Continue Reading![Titan International: Strong 2022 results, India concerns](https://www.tyrepress.com/wp-content/uploads/2023/02/Goodyear-Titan-plhder.jpg)
Titan International: Strong 2022 results, India concerns
Titan International, Inc. has reported record turnover and profitability during the 2022 financial year. While the US-based manufacturer of OTR tyres and wheels increased its net sales by 21.9% to US$2.2 billion, income from operations jumped by more than 141% to $205.8, almost doubling the return on sales to 9.5%.
Continue Reading![SRI joins tyre data association GDSO](https://www.tyrepress.com/wp-content/uploads/2023/02/GDSO-members-sml.jpg)
SRI joins tyre data association GDSO
Sumitomo Rubber Industries, Ltd. joined the non-profit association GDSO (Global Data Service Organisation for Tyres and Automotive Components) in January 2023 and is now contributing towards industry-wide efforts to establish a means of and standard for identifying, managing and transferring data from individual tyres.
Continue Reading![Wheely Safe appoints MD to lead new UK franchise](https://www.tyrepress.com/wp-content/uploads/2023/02/111-Wheely-Safe-Ian-Maynard-1200x1602-1.jpg)
Wheely Safe appoints MD to lead new UK franchise
Ian Maynard has been appointed managing director of Wheely-Safe (UK), a new, wholly-owned franchise launched to manage sales and aftersales for the automotive technology firm within its home market. It marks the first stage in ambitious new growth plans by parent company Wheely-Safe, part of GX2 Technology, to expand with franchises in key international markets. Each franchise will have access to the full suite of award-winning Wheely-Safe systems, which combine protection against wheel loss with brake/hub temperature monitoring and an intelligent tyre pressure monitoring system (TPMS).
Continue Reading![Mixed feelings about Russia? – Titan International sends letter to Biden](https://www.tyrepress.com/wp-content/uploads/2023/02/dearjoe.jpg)
Mixed feelings about Russia? – Titan International sends letter to Biden
In its most recent quarterly report, US-based off-highway tyre manufacturer Titan International, Inc. reports owning 64.3% of Russian tyre maker Voltyre-Prom, with the Russian Direct Investment Fund the remaining shareholder. Yet this connection with Russia hasn’t stopped Titan raising its voice against indirect imports of Russian petroleum products into the USA. Together with the United Steelworkers union, Titan has even sent a letter to Joe Biden.
Continue Reading![SRI installs largest solar rooftop panel](https://www.tyrepress.com/wp-content/uploads/2023/02/Sumitomo-Thailand-sml.jpg)
SRI installs largest solar rooftop panel
It’s hard not to love a superlative, so thanks to Sumitomo Rubber Industries for sharing that its tyre factory in Thailand now possesses the world’s largest rooftop solar panel array. As of 1 February 2023, the set-up at the Sumitomo Rubber (Thailand) plant is the world’s largest rooftop solar panel array installed at a single facility.
Continue Reading![The Truck Hub Group, formerly MWheels, in liquidation, German subsidiary ‘unaffected’](https://www.tyrepress.com/wp-content/uploads/2023/02/99.jpg)
The Truck Hub Group, formerly MWheels, in liquidation, German subsidiary ‘unaffected’
The European importer of Indian manufactured xlite and xbrite aluminium forged commercial vehicle wheels, The Truck Hub Group has been placed into creditors’ voluntary liquidation following unsuccessful attempts to sell the business at the end of 2022. The company traded as The Wheel Hub, based in Sharston in south Manchester, having changed its name from MWheels in early 2021. This was one of a number of transformational changes for the company in recent years, with the establishment of a European operation, Wheel Hub GmbH in the Cologne region of Germany, which is “unaffected” by the liquidation proceedings. Further details of the companys stock liquidation sale can be found here.
Continue Reading![Brisa: Inflation without TPMS](https://www.tyrepress.com/wp-content/uploads/2023/02/Lassa_tb.jpg)
Brisa: Inflation without TPMS
Not so long ago the word ‘inflation’ typically drew thoughts to tyre pressure, at least in our line of work. But the other inflation has made an unwelcome comeback and is eating away at our purchasing power. Over in Turkey, the rate of inflation hit 72% in 2022 and made its presence known in Brisa’s financial results for the year. But against this backdrop of growing Turkish Lira weakness, the tyre maker had a good year.
Continue Reading![Firestone returns with Road to the Main Stage](https://www.tyrepress.com/wp-content/uploads/2023/02/Firestone-music-sml.jpg)
Firestone returns with Road to the Main Stage
Firestone is once again giving up-and-coming artists the chance to compete in the Road to the Main Stage competition. In addition to playing on the Firestone stage at Rock en Seine, which takes place in Paris in August, the winning act amongst this year’s unsigned talent will win a recording session with Deezer.
Continue Reading![Continental tyres to be made from 100% sustainable materials by 2050](https://www.tyrepress.com/wp-content/uploads/2023/02/01-EcoContact-6-ContiRe.Tex_-scaled.jpg)
Continental tyres to be made from 100% sustainable materials by 2050
In 2020, Continental AG announced its goal of being carbon-neutral across the business by 2050. Also as of the 2020 fiscal year, Continental confirmed that it is procuring all of the electricity for its production sites around the world from renewable energy sources. Now, the German-based tyremaker is emphasising its goal of making tyres 100 per cent manufactured from sustainable materials by 2050.
Continue Reading![Site found for Pyrum’s new plant](https://www.tyrepress.com/wp-content/uploads/2020/10/59_QWJzdHJhY3QgYmFja2dyb3VuZCB3aXRoIGVhcnRoLmpwZw-scaled-e1602237450291.jpg)
Site found for Pyrum’s new plant
Pyrum Innovations will soon begin work on a new facility not far from its main plant in Germany. It reports that the town council in Homburg has unanimously approved the sale of a section of land to Pyrum for the purpose of setting up a new pyrolysis plant. The company hopes the planning and approval process can now “begin as soon as possible.”
Continue Reading![Yokohama to launch carbon-neutral tyre in 2023 as part of wider ESG programme](https://www.tyrepress.com/wp-content/uploads/2023/02/yokohama_bluearth_gt_ae51.jpg)
Yokohama to launch carbon-neutral tyre in 2023 as part of wider ESG programme
During 2022 Yokohama enacted a number of Environmental, Social and Governance (ESG) activities that laid the foundation for further ESG developments in 2023, not least the news that company will introduce a carbon-neutral tyre before the year is out.
Continue Reading![DRC a Tyrexpo first-timer](https://www.tyrepress.com/wp-content/uploads/2023/02/DRC.jpg)
DRC a Tyrexpo first-timer
Originally created by the US military as a retreading facility, Danang Rubber (DRC) claims the highest market share for truck tyres within Vietnam, a country with almost 100 million people and a very active road transportation industry. The company is also a first-time Tyrexpo Asia exhibitor and is “enthusiastically looking forward” to introducing itself to Asian and global markets.
Continue Reading![Iochpe-Maxion joins UN Global Compact](https://www.tyrepress.com/wp-content/uploads/2020/10/tlo_biz83a-scaled-e1602237521703.jpg)
Iochpe-Maxion joins UN Global Compact
Automotive wheel and structural components manufacturer Iochpe-Maxion has joined the United Nations (UN) Global Compact, the world’s largest voluntary platform for the development, implementation, and disclosure of responsible sustainability business practices.
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