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.
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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.
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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.
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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.
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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.
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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.
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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.”
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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.
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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.
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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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“Some overarching challenges can only be solved together” – Continental co-chairing TIP
Amongst recently-announced changes to the Tire Industry Project (TIP) was the addition of Continental as a fourth co-chair. The company describes involvement in this capacity as “further emphasising its comprehensive commitment to sustainability.” Continental says it will contribute resources to TIP as well as its “long-term expertise in the areas of end-of-life tyres, sustainability assessment methods, and sustainable materials.”
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Sentury will significantly increase production capacity in 2023
Sentury’s revenue and net profit in 2022 increased year-on-year. The tyre manufacturer’s annual report shows that last year’s revenue was 6.29 billion yuan (about £760 million; €860 million), an increase of 21.53 per cent. Net profit attributable to shareholders of listed companies was 800 million yuan (approximately £97 million; €1.1 billion), an increase of 6.3 per cent.
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Bridgestone’s New Premium – a global brand & streamlined manufacturing
Vehicle manufacturers have built various models upon common platforms for years now, so why not do the same with tyres? Bridgestone sees the value in sharing modular components across tyre lines and is making something called BCMA a foundation of its New Premium strategy. It will market tyres resulting from this strategy under a global brand name and promote this brand via reactivated motorsport activities.
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Linglong to build tyre factory in the Americas
Linglong Tire will build its next tyre factory in the Americas region. Tyres & Accessories learnt the news during a recent interview with Linglong Tire chairman Wang Feng, which took place alongside an exclusive tour of the company’s new European tyre production facility in Serbia.
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Aftermarket debut for Bridgestone Enliten
The expansion of Bridgestone Enliten into the replacement tyre market will commence in Europe this year with the launch of Bridgestone Turanza 6 and Duravis Van products featuring the technology. The tyre maker plans to debut a total of eight Enliten products for the European aftermarket in 2023, a figure representing around five per cent of all Bridgestone passenger car and light commercial vehicle tyres in the European replacement market.
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