![Toyo Serbia hailed as new “global production base”](https://www.tyrepress.com/wp-content/uploads/2022/08/toyo-serbia.png)
Toyo Serbia hailed as new “global production base”
Following the news that Toyo Tire officially opened its Serbia tyre production plant on 14 December 2022, details of the speeches given by Toyo Tire president and CEO Takashi Shimizu as well as Republic of Serbia president Aleksandar Vučić have been revealed.
Continue Reading![Fleet electrification: Bridgestone & BIA join forces](https://www.tyrepress.com/wp-content/uploads/2022/12/Bridgestone-BIA-sml.jpg)
Fleet electrification: Bridgestone & BIA join forces
Bridgestone Mobility Solutions, a Business Unit of Bridgestone EMIA, and Bia, a software company that has built a platform to forecast, monitor and optimise electric vehicle (EV) charging, have formed a partnership to help power and optimise fleet electrification. This partnership includes Bridgestone Mobility Solution’s investment of an undisclosed sum in Bia.
Continue Reading![Marubeni partners, invests in Galileo Wheel](https://www.tyrepress.com/wp-content/uploads/2022/12/Galileo-sml.jpg)
Marubeni partners, invests in Galileo Wheel
Israel’s Galileo Wheel Ltd., the firm behind the CupWheel tyre, and Japanese trading firm Marubeni Corporation have entered into a strategic partnership. As part of this partnership, Galileo reports that Marubeni has become a “significant stakeholder.” Marubeni will utilise its global sales and marketing network and become the distributor of CupWheel tyres in multiple geographic markets.
Continue Reading![Christina Zamarro becomes CFO at Goodyear](https://www.tyrepress.com/wp-content/uploads/2020/04/zamarro-sml.jpg)
Christina Zamarro becomes CFO at Goodyear
The Goodyear Tire & Rubber Company announced the appointment of Christina Zamarro to the role of Executive Vice President and Chief Financial Officer, reporting to Chairman, Chief Executive Officer and President Richard J. Kramer on 14 December. Zamarro succeeds Darren R. Wells, who will become Executive Vice President and Chief Administrative Officer. Both appointments are effective 1 January 2023.
Continue Reading![Murfitts partners with ETIA to produce rCB for tyre makers](https://www.tyrepress.com/wp-content/uploads/2022/12/Murfitts-plant-sml.jpg)
Murfitts partners with ETIA to produce rCB for tyre makers
Tyre recycling and reprocessing specialist Murfitts Industries announced today its intention to form a “unique partnership” with French engineering group ETIA. The aim of this partnership is to deliver commercial-scale solutions for recycling end-of-life tyres to recover their raw material and energy content.
Continue Reading![Apollo Tyres updates ESG goals](https://www.tyrepress.com/wp-content/uploads/2022/12/Solar-Power-Plant-002-sml.jpg)
Apollo Tyres updates ESG goals
As part of its ESG (Environment, Social and Governance) commitment, Apollo Tyres has set a range of goals for the coming years, including carbon neutrality by 2050. The commitments are as follows:
Continue Reading![Tatneft applies for FAS approval to buy Nokian Tyres’s Russia business](https://www.tyrepress.com/wp-content/uploads/2022/10/Tatneft-scaled.jpg)
Tatneft applies for FAS approval to buy Nokian Tyres’s Russia business
Tatneft applied for Russian Federal Antimonopoly Service (FAS) approval for its plans to buy “a number of Russian subsidiaries of Finlands Nokian Tyres” on 14 December.
Continue Reading![Superior Industries announces refinancing](https://www.tyrepress.com/wp-content/uploads/2021/08/placeholder-sml.jpg)
Superior Industries announces refinancing
Superior Industries International, Inc., supplier of light vehicle aluminium wheels for OEMs and the European aftermarket, today announced the refinancing of its Term Loan and Revolving Credit Facilities. Commenting on this development, Majdi Abulaban, president and chief executive officer, stressed that “Superior remains well-positioned to drive profitable growth.”
Continue Reading![Ceat Specialty lifts ag radial capacity 50% – further growth planned](https://www.tyrepress.com/wp-content/uploads/2022/12/Ceat-Amit-Tolani-sml.jpg)
Ceat Specialty lifts ag radial capacity 50% – further growth planned
Ceat Specialty reports having increased its production capacity for agricultural radial tyres by 50 percent in 2022, a measure undertaken to meet growing demand for its agricultural radial tyres in Europe and around the globe. Further growth plans include raising production capacity for these products by 55 tons per day over the next two years.
Continue Reading![Toyo Tire Serbia tyre factory opens](https://www.tyrepress.com/wp-content/uploads/2022/12/20221214_TSI開所式①_e(final).jpg)
Toyo Tire Serbia tyre factory opens
Toyo Tire Corporation opened its first tyre production facility in Europe on 14 December in the Municipality of Indjija, the Republic of Serbia. Production had partially started in July 2022 as the factory became operational with all equipment being installed. However, the official opening was attended by President Aleksandar Vučić of the Republic of Serbia and a number distinguished guests. The new factory is expected to reach its full capacity of approximately five million tyres per annum (based on tyres for passenger vehicles) during the second half of fiscal 2023.
Continue Reading![Sentury Tire producing Nokian tyres for Europe](https://www.tyrepress.com/wp-content/uploads/2022/12/NT_NokianWetproof3-sml.jpg)
Sentury Tire producing Nokian tyres for Europe
From next year, Qingdao Sentury Tire will manufacture passenger car tyres under the Nokian brand name for the Central European market. Under a recently-signed contract manufacturing agreement between Nokian Tyres plc and Qingdao Sentury Tire Co., Ltd., production of a selected range of Nokian-designed and -tested tyres will commence in the first half of 2023, with products reaching the market in the second half of the year.
Continue Reading![VMI defends IP against Safe-Run misappropriation](https://www.tyrepress.com/wp-content/uploads/2022/12/VMI-Retraxx-sml.jpg)
VMI defends IP against Safe-Run misappropriation
In three decisions made on 13 and 14 December 2022, the IP Tribunal of the Supreme People’s Court of China found in favour of VMI and against Safe-Run in litigation related to patent ownership disputes. VMI considers these decisions a victory “for all innovators everywhere.”
Continue Reading![Hankook becomes title sponsor of Mexico, Rome London finale E-Prix](https://www.tyrepress.com/wp-content/uploads/2022/12/formula-e-2023-r0-valencia-02-03-scaled.jpg)
Hankook becomes title sponsor of Mexico, Rome London finale E-Prix
Hankook will commence its role as the new official technical partner and tyre supplier of the ABB FIA Formula E World Championship in 2023. The manufacturer, which is taking over from the original tyre supplier to the championship, Michelin, will further underline its commitment to the series with title sponsorship of three rounds in 2023, including the season finale in London. Hankook has invested heavily in the marketing of its new line of tyres for electric vehicles in 2022, the iON series. The manufacturer will supply the iON Race to Formula E, having tested the tyre in Valencia in December.
Continue Reading![Debica lends Goodyear £18 million at nearly 8%](https://www.tyrepress.com/wp-content/uploads/2020/10/59_QWJzdHJhY3QgYmFja2dyb3VuZCB3aXRoIGVhcnRoLmpwZw-scaled-e1602237450291.jpg)
Debica lends Goodyear £18 million at nearly 8%
The management board of Firma Oponiarska Dębica S.A. concluded a loan agreement with Goodyear S.A., Colmar-Berg, Luxembourg on 20 December 2022, under which Debica will grant Goodyear a loan worth 100 million Polish Zloty (£18.333 million; 21.338 million euros; US$27.676 million). The loan repayment date has been set at 19 December 2023.
Continue Reading![Continental’s BestDrive tyre retailer opens first Dubai branch](https://www.tyrepress.com/wp-content/uploads/2022/12/image-3-scaled.jpg)
Continental’s BestDrive tyre retailer opens first Dubai branch
Continental Tyres has opened its first BestDrive tyre retail centre in Dubai at an opening ceremony in the Al Quoz district. The third branch to be opened in the UAE, following two openings in Abu Dhabi, BestDrive in Dubai will be managed by Emirates for Universal Tyres L.L.C. (EUT).
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