Hankook Tire partially restarts production at fire-damaged plant
Half a year after a major fire caused extensive damage to its tyre factory in Daejeon, South Korea, Hankook Tire & Technology has recommenced some tyre production within the facility. In a disclosure to the Korea Exchange (KRX), the company reports that it approved the resumption of production at the site’s Plant 1 facility on 1 September 2023.
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Goodyear Germany job talks end in failure
Three months ago, Goodyear announced it would cut up to half the jobs at the tyre factory in Fulda, Germany. Consultation with the trade union IGBCE and the plant’s works council commenced in June. These discussions came to nothing – last Friday, union and works council representatives announced that the Goodyear negotiator had unilaterally declared the talks a failure and ended them.
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Goodyear job cuts equate to a quarter of EMEA’s salaried workforce
Yesterday Goodyear shared initial details of how the firm plans to restructure its Europe Middle East and Africa (EMEA) business. Consultation is ongoing, but “around 1,200” jobs will be cut in the region.
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Goodyear restructures EMEA: 1200 jobs cut, 500 created
Goodyear is significantly restructuring its Europe, Middle East and Africa (EMEA) operations in measures that will result in 1200 job cuts across the salaried workforce, the creation of 500 new positions and therefore a net job reduction of 15%. Tyres & Accessories understands that the “business transformation programme” centres on Goodyear EMEA’s salaried workforce. Furthermore, it does not impact the company’s manufacturing workforce, which has been addressed separately.
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Hubtrac truck tyre brand positioning itself at the heart of Europe
On 1 August 2023, the Hubtrac tyre brand relocated its European operational headquarters and production facilities to Serbia. Strategic departments were inaugurated in the UK and Germany, marking the completion of a Europe-centric operational structure. The goal? The establishment of an undeniably European tyre brand alongside the already-established product R&D centre in Germany. According to the company, “this strategic shift heralds the dawn of a new era.” Tyres & Accessories met with the director of the Hubtrac brand and marketing department, Edward Xu, in order to learn more.
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TRS & LD Carbon sign MoU for tyre recycling plant
Korean waste treatment and raw material recycling company LD Carbon and Switzerland’s Tyre Recycling Solutions (TRS) have signed a Memorandum of Understanding to set up a facility in South Korea. This plant will process end-of-life tyres (ELTs) into TyreXol rubber powders using the TRS Water Pulse process. LD Carbon will utilise ELTs not processed into TyreXol to produce tyre pyrolysis oil and recovered carbon black products whose quality has already passed various global tyre manufacturers’ assurance tests for commercial adoptions.
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Xingda publishes 2022 sustainability report, EV tyre cord >32% of output
Xingda, the steel tyre cord manufacturer, has released its sustainability report for 2022, the second of its kind. Within the details, the fact that 32.89 per cent of Xingda’s output consisted of super-high or ultra-high tensile strength products, commonly used in EV tyres, is noteworthy.
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Clarios acquiring Paragon’s power business
Battery and low-voltage architecture specialist Clarios has announced its intention to purchase Paragon GmbH & Co. KGaA’s power business, which produces batteries and battery management systems for the automotive industry. The company has not disclosed details of the transaction but will share additional information on how this acquisition fits its long-term vision for low-voltage vehicle architecture during this week’s IAA Mobility Conference.
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UTAC and BlueBinaries sign MoU
UTAC, which owns test centres including Millbrook and winter facilities in Ivalo, Finland has signed a Memorandum of Understanding (MOU) with BlueBinaries to “position the two companies as end-to-end test solutions and services provider for mobility industry globally”.
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Denso announces €63 billion electromobility R&D investment
In his first European public appearance as president and COO of automotive technology supplier Denso, Shinnosuke Hayashi revealed that the business plans to invest €63 billion in R&D over the next ten years in line with its pursuit of zero emissions and zero traffic fatalities within mobility and society.
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Leapmotor, ZC Rubber strengthen EV partnership
ZC Rubber has entered into a strategic partnership with electric vehicle manufacturer Zhejiang Leapmotor Technology Co Ltd (Leapmotor) to deepen their mutual cooperation in the automotive sector. ZC Rubber doesn’t share specific details about this new cooperation but notes that it builds upon the tyre maker’s role as “one of the most important original equipment partners of Leapmotor.”
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Rebel Tyres selects Cambrian as UK distributor
Cambrian Tyres Ltd, premier two-wheel tyre distributor to the trade, has announced a partnership with Rebel Tyres that it calls “an exciting new chapter for the domestic off-road market.” Introducing the Spanish brand, Cambrian says Rebel Tyres is known for its cutting-edge innovation and commitment to excellence.
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Sailun Group net profit rises 62% in H1 2023
Sailun Group reports having produced 14.16 million tyres and selling 13.57 million tyres in Q2 2023. During the first half of this year, the company produced 25.68 million tyres, a year-on-year increase of 12.3 per cent. H1 2023 tyre sales amounted to 25.11 million pieces, up 12.3 per cent year-on-year.
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Denmark’s Super Dæk Service acquires 9 Euromaster branches
When NDI Group recently dropped its plan to acquire Euromaster Danmark after the Danish Competition and Consumer Authority voiced concerns about competition, Euromaster Group commented that its future may include “a possible new agreement with NDI” that covers “some” of its activities in Denmark. And so it is – Super Dæk Service, the tyre and workshop chain owned by NDI, has agreed to acquire nine Euromaster branches.
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Superior Industries likely to decide German plant’s fate in 2023
As reported yesterday, a wholly owned subsidiary of Superior Industries International has commenced insolvency proceedings in Germany. The outcome of this process will decide the fate of the company’s Werdohl aluminium wheel manufacturing facility, and Superior will make its decision within a matter of months.
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