Pirelli CEO: Andrea Casaluci to be nominated
Restrictions placed upon major Pirelli & S.p.A. shareholder China National Tire & Rubber Corporation Ltd. include giving the remit of selecting the company’s chief executive to Camfin S.p.A. In a statement issued today, Camfin announces that it will nominate Andrea Casaluci to this role in addition to Marco Tronchetti Provera as Pirelli’s executive vice chairman. Giorgio Bruno, who was previously identified as Pirelli’s next CEO, is ending his tenure on the Board of Directors.
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New GT Radial dual approach to electric vehicle tyres “a game changer”
GT Radial has unveiled its “dual approach” strategy to the electric vehicle tyre market. The headline news is that the brand’s manufacturer Giti Tire has produced an initial three 18-20” sizes of the specialist GT Radial SportActive 2 EV tyre, with the 19 and 20-inch variations achieving the top AAA label rating. GT Radial has also introduced 16 “EV Ready” tyres in the brand’s popular SportActive 2 and FE2 portfolios, demonstrating the manufacturer’s strategy to supply both specialist EV tyres and products suitable for EVs and internal combustion engine (ICE) vehicles. Giti’s European managing director - product technology, Stefan Fischer explains why the tyre manufacturer views this approach as “a game changer”.
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Pyrum, SUEZ building UK tyre pyrolysis plant
Pyrum Innovations is bringing its pyrolysis-based tyre recycling technology to the UK in partnership with SUEZ recycling and recovery UK Ltd. The two companies have entered into a one-year exclusivity agreement for a facility with three pyrolysis reactors that can process approximately 20,000 tonnes of end-of-life tyres annually. During the year SUEZ will determine the plant’s location and, with support from Pyrum, begin and finance the approval process.
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Michelin acquiring Flex Composite Group
Michelin is to acquire Flex Composite Group from private equity investor IDI for an enterprise value of €700 million, a transaction it expects will increase the revenue of its High-Tech Materials businesses by approximately 20% and create a “leader in high-tech engineered fabrics and films.” Michelin views growth here as an “important step” in developing “beyond mobility” and positioning the company as a ”key player in polymer composite solutions” in line with its Michelin in Motion 2030 strategy.
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Strategic tyre sensors – Italy confirms Chinese shareholder restrictions for Pirelli
Italy’s government has identified tyre sensor technology as a national strategic asset and, with the stated aim of preventing misuse of this technology, has confirmed it will use the Golden Power procedure to limit the influence that shareholder China National Tire & Rubber Corporation Ltd. (CNRC) has upon Pirelli & C. S.p.A. According to statements issued by the government on 16 June and Pirelli two days later, a range of measures will now curtail CNRC’s involvement in the tyre maker.
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Metzeler tyres partnering Harley-Davidson in 120th anniversary celebration in Budapest
Motorcycle tyre brand Metzeler will be an official event partner at the European Harley-Davidson 120 Anniversary celebration in Budapest on 22-25 June. Metzeler will have a booth in the Harley-Davidson Village dedicated to its Cruisetec and ME888 Marathon Ultra tyres for the latest generation of cruisers. The brand will also offer free tyre pressure check-ups, as well as tyre sales and fitments at the event. Metzeler will also promote other initiatives, such as its sponsorship of the official Custom Bike Show on Friday 23 June – a competition for the most beautiful bikes in different categories. Metzeler will be the promoter of three special awards: Best in Show; the Metzeler Peoples Choice Award for the most beautiful motorcycle chosen by a popular jury; and the Metzeler Judges Choice, rewarding a specialist jury’s favourite customisation.
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Carlton Forest bringing ELT pyrolysis tech down under with Triskel
Following twelve months of technology appraisals, meetings with platform developers, due diligence, and alignment of vision and fit, Australia’s Triskel Group has selected end-of-life tyre (ELT) recycling technology from UK firm Carlton Forest Group. This partnership will result in a pyrolysis plant being built in Brisbane, with a further five plants following in the next five years.
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Eneos partnership: Bridgestone begins pyrolysis tests
Bridgestone Corporation recently began producing oil and recovered carbon black through the pyrolysis of end-of-life tyres at a test facility in Japan. The tyre maker is operating this unit within the Bridgestone Innovation Park in Kodaira City, Tokyo as part of a joint project with Eneos Corporation.
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Sailun appoints two vice presidents
Recently, two vice presidents of Sailun, Zhou Tianming and Zhu Xiaobing, resigned from their positions due to work adjustments. The two will continue to hold other jobs in Sailun. On 12 June, Sailun held a board meeting and appointed Zhang Xiaojun and Sun Guangqing as vice presidents.
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Marangoni Meccanica appoints new CEO
Effective May 2023, Francesco Motta is the new Chief Executive Officer of Marangoni Meccanica. Motta brings nearly 30 years of experience in various strategic roles within the machinery, mechanical systems and automation solutions industries. Motta holds an MBA from China Europe International Business School, and a bachelor’s degree in mechanical engineering from Politecnico di Torino University.
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JK Tyre opens European Technology Centre in Milan
On 13 June, JK Tyre & Industry announced the opening of its European Technology Centre in Milan, Italy. The team in Milan will work closely with the team at JK Tyre’s Global Technology Centre in India and the company’s satellite R&D Centre in Mexico, according to company representatives. JK Tyre reports that it exports tyres to more than 100 countries so the task of the technology centre will be to “support product development for worldwide sites in OEM and replacement markets”.
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Kenda unveils new logo
Kenda has introduced new brand imagery reflecting its “Designed for Your Journey” slogan. The multi-segment tyre manufacturer’s new logo incorporates three design elements in its signature “K”: a check mark on top to represent quality assurance and safety; an inverted V shape on the bottom symbolising a strong foundation; and a diagonal line in the middle that represents the road ahead. Kenda says it wants to refresh the brand to communicate four core values: honesty, quality, service, and innovation.
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Vaculug supports ‘major OTR growth’ with new sales manager appointment
Vaculug has appointed Darren Lea as its new OTR sales manager. Lea joins the off the road tyre team with the Lincolnshire tyre retreading and distribution firm’s specialist division celebrating “double-digit growth” and a record start to 2023. It states that several new contract wins have ushered in “major growth in the off the road (OTR) tyre sector.”
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Doublestar and Kumho’s horizontal competition resolution postponed
Recently, the tyre manufacturer Qingdao Doublestar received the “Commitment on Delaying the Resolution of Horizontal Competition” from the controlling shareholder Doublestar Group. Doublestar Group stated that “it is not yet ripe for solving horizontal competition through asset injection, which is not conducive to the rights and interests of Qingdao Doublestar, and there is great uncertainty”. It is reported that Doublestar Group has decided to extend the fulfilment period of the original commitment for three years to July 5, 2026. Tyrepress China learned that the Doublestar Group also mentioned that it is “looking for other solutions that are more conducive to solving horizontal competition and can promote the development of Qingdao Doublestar”.
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BorgWarner unveils new logo
BorgWarner unveiled its new logo underscoring the company’s progress in its eMobility transformation through the execution of its Charging Forward strategy. The new logo is a visual representation of the company’s transformation – it is future-focused, dynamic and signals a new chapter in BorgWarner’s long and proud history. This is the first time the logo has changed in over three decades.
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