Yokohama expands Yoshikuni Nakamura’s role
The Yokohama Rubber Co., Ltd. has appointed Yoshikuni Nakamura as Member of the Board and Managing Officer, Head of Tire Business Planning Div., in charge of Tire Overseas Sales & Marketing Div., in charge of Corporate Social Responsibility Div., in charge of Tire Logistics Div.
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Enviro, Antin partnering to recycle 1 million tonnes of tyres by 2030
On 29 March, Scandinavian Enviro Systems and Antin Infrastructure Partners announced the formation of a joint venture. Michelin is supporting this JV, which it expects will “create the worlds first large-scale tyre recycling group.”
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Going, going, gone: Nokian Tyres has left Russia
In a stock exchange release published this morning, Nokian Tyres plc confirms it has completed the sale of its operations in Russia to vertically integrated oil and gas company PJSC Tatneft after finishing local registration formalities. The Finnish company has “now ended all its operations in Russia,” but this doesn’t mean that the Nokian name will immediately disappear from this market.
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Tatneft will sell some Nokian Tyres in certain markets
Visit NokianTyres.ru today and you will be greeted with the following message: “All Nokian Tyres operations in Russia have ended. For guarantee services and other product information please visit www.vsevtyres.ru.” Browse over to vsevtyres.ru and you will find a page that looks identical to the former Nokian Tyres site. This development follows the sale of Nokian Tyres’s Russian operations to Tatneft and the rebranding of Nokian Tyres’s Vianor tyre retail business as Ivanor in Russia. So who is selling Nokian brand tyres in Russia and Russia-speaking markets? Is it Nokian Tyres or Tatneft?
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Bridgestone returns as World Solar Challenge title sponsor
The World Solar Challenge 2023 will take place in October and, following the biennial event’s cancellation two years ago, Bridgestone Corporation returns as title sponsor. Bridgestone views its sponsorship as one that aligns with the companys commitment to sustainability and innovation.
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Kumho embarks on a record 26th year with BMW Racing Drivers Club Championship
Sponsors tend to come and go in the fast-moving world of motorsport, making Kumho’s relationship with the BMW Racing Drivers Club one of the longest of its type in UK club history – the opening race of the season at Brands Hatch on 8 April will mark its 26th year.
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GB Tyres confirms ongoing support of Black Country Foodbank
When it came to selecting a charity to work with in 2023 and beyond, GB Tyres had a few essential requirements in mind. The West Midlands-based supplier, who since its establishment in 2013 has become one of the fastest growing importers and exporters of vehicle tyres in Europe, sought a charity with roots in the local area whose work genuinely supports people in need of support, an organisation that is pro-active and enthusiastic about forming local partnerships.
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Virtual prototyping delivers numerous benefits to Vredestein Quatrac Pro EV
Apollo Tyres has shared details about the recently-launched Vredestein Quatrac Pro EV, Europe’s first dedicated all-season tyre for electric vehicles. Specifically, the manufacturer sheds light on tyre development using its state-of-the-art virtual prototyping and simulation platform and how this helped to “dramatically reduce time-to-market as well as the product’s environmental impact and development costs.”
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UK authority approves Yokohama Rubber’s TWS acquisition
As of this morning, The Yokohama Rubber Company has received clearance from all relevant authorities to acquire the Trelleborg Wheel Systems business from Trelleborg. The final hurdle, approval by the Competition and Markets Authority in the UK, has now been cleared and Yokohama and Trelleborg can begin finalising the necessary documentation required to formally close the transaction.
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Hankook Tire chairman Cho indicted
Arrested on 6 March 2023, Hankook Tire & Technology chairman Cho Hyun-bum has now been indicted on charges of illicit inter-affiliate trading, embezzlement and breach of trust.
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S8 Capital might acquire Continental’s Russian assets
Drawing upon information from two anonymous sources, Russian newspaper Kommersant has named Moscow-based holding company S8 Capital as a potential purchaser of Continental’s assets in Russia, including its tyre plant in Kaluga. Kommersant shares that S8 Capital, owned by entrepreneur Armen Sargsyan, has already acquired a lift manufacturing facility in St. Petersburg from Otis Worldwide Corporation.
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New warehouse for Nokian Tyres’ USA plant
Nokian Tyres has begun construction work on a finished goods warehouse at the Dayton, Tennessee production site where it is currently doubling production capacity for all-season and all-weather tyres and adding light truck tyres to the product mix. The warehouse will hold as many as 600,000 tyres and should be ready for use by mid-2024.
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EC approves Yokohama Rubber’s TWS acquisition
On 24 March, the European Commission granted The Yokohama Rubber unconditional antitrust clearance to acquire all outstanding shares in Trelleborg Wheel Systems. The Competition and Markets Authority in the UK is currently reviewing the proposed acquisition and will announce its decision soon.
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Giti collaborates with global racing equipment supplier Sparco in joint-branding agreement
Giti Tire has signed a multi-year global co-branding agreement with Sparco, one the world’s leading manufacturers of motorsport safety systems and racing equipment. The Giti brand becomes global automotive tyre partner of the Italian brand under the deal, while the slogan “Giti – Powered by Sparco” will appear on the sidewall of key UHP sizes from 2024. The development of these products will form a bridge between the businesses, according to Sparco.
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100 millionth tyre made at Yokohama Virginia factory
On 23 March, the 100 millionth Yokohama tyre – Geolandar A/T G015 – rolled off the production line at the company’s Salem, Virginia factory.
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