Yokohama TWS names Lawrence Harmon as regional president North and Central America
Yokohama TWS has appointed Lawrence Harmon as Regional President North and Central America (NCA), effective 1 January 2025. In this role, Lawrence will be responsible for driving the NCA business strategy, leading market growth, and further developing the commercial team. He will report directly to Elio Bartoli, president of Yokohama TWS.
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Nexen Tire sponsors Sydney FC to expand global marketing reach
Nexen Tire has entered “a strategic global marketing partnership” with Sydney FC, Australias most successful football club. By doing so, Nexen aims to expand its marketing reach beyond Europe and the United States, “enhancing brand recognition in the global market”.
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Sailun Group achieves EcoVadis silver sustainability rating
Sailun Group recently achieved the EcoVadis silver sustainability rating, placing the company among the top 15 per cent of businesses worldwide that participated in the evaluation. Sailun achieved bronze in 2023. The latest recognition follows the upgrade of Sailun Group’s MSCI ESG rating to BB.
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Cambodia’s car tyre exports up 135% in year-to-November 2024
Cambodias car tyre exports rose 135 per cent year-on-year in the first 11 months of 2024, according to a Ministry of Commerce report published before Christmas.
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Major brands raising prices in China
For tyre buyers in China, the arrival of 2025 may also mean higher prices. Several of the biggest names in the business have announced price increases in response to continued high raw materials costs as well as rising freight, logistics, and energy expenses.
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Sri Lanka to combat tyre imports with affordable local production
A meeting between Sri Lanka’s Ministry of Trade and representatives from the local tyre manufacturers’ association took place on 31 December with the aim of strengthening the domestic tyre industry. Wasantha Samarasinghe, the recently appointed Minister of Trade, Commerce, Food Security and Cooperative Development, states that the parties discussed options for reviving local tyre production as well as options for supplying consumers with high quality, affordable tyres.
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MRF Tyres partners Madras Christian College on innovation park
In December 2024, MRF and Madras Christian College (MCC) innovation park designed to guide students from ideation to commercialisation. 300 million rupees (£2.8 million; 3.4 million euros; $3.5 million) has been invested in the MCC-MRF Innovation Park, which forms part of government plans to make Tamil Nadu a one trillion dollar economy by 2030.
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Kumho supplies OE tyres for Renault Grand Koleos in Korea
On 16 December 2024, Kumho Tire announced it will supply new original equipment (OE) tyres for Renault Koreas Grand Koleos mid-sized SUV. Kumho will supply its Kruzen HP71 tyres in two sizes – 235/50 R19 and 245/45 R20.
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Goodyear India appoints Bhandari MD, BoD Chairman
Effective today, Arvind Bhandari takes on the remit of Managing Director at Goodyear India Limited. He will hold this position for five years, or otherwise until retirement. In addition, Bhandari becomes Chairman of the tyre maker’s Board of Directors.
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Michelin to leverage economies of scale with Multistrada privatisation
Although 99.64% Michelin owned, Indonesian tyre maker PT Multistrada Arah Sarana Tbk is currently a public company. This will soon change, and to facilitate Multistrada’s delisting from the Indonesia Stock Exchange, Michelin has allocated funds of IDR 278.71 billion (£13.66 million) to conduct a tender offer. According to information disclosed by Multistrada on 29 December, Michelin intends to purchase the 0.36% stake owned by 646 public investors, 33,180,234 shares in total, for a tender offer price of IDR 8,400 per share.
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Guizhou Tyre begins 63” tyre production
In December, Guizhou Tyre produced its first 63-inch tyres. By doing so, it entered a market contested by several of China’s largest tyre makers, including Zhongce Rubber, Sailun Group, Linglong Tire, Triangle Tyre and Aeolus. The manufacturer believes these giant tyres offer “new opportunities and challenges in both domestic and international markets.”
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100 years of the Goodyear Blimp
Mark the date on your calendar – on 3 June 2025, the Goodyear Blimp will officially celebrate 100 years in the skies. On that day a century earlier a craft known as Pilgrim first took to the air. This product of Goodyear Zeppelin Corporation, a joint venture between the tyre maker and Luftschiffbau Zeppelin, was Goodyear’s first civil airship. Fans can mark the centenary in true American style by “donning the newest line of blimp merchandise” and also stay up to date on the latest celebratory activities by following the Goodyear Blimp on social media and visiting Goodyearblimp.com.
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Sibur completes EP-600 project
Russia’s tyre makers are likely beneficiaries of the new EP-600 petrochemical complex that Sibur has now finished building at its Nizhnekamsk facility in Tatarstan. On 23 December, Russia’s leading rubber and polymer manufacturer reported that the facility has commenced operations, with raw materials supplied and the first production expected soon. Sibur has invested approximately 200 billion roubles (£1.54 billion) in the project.
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Tesla TPMS issue affects almost 700,000 vehicles
Tesla has notified that close to 700,000 vehicles may have experienced an issue with their installed tyre pressure monitoring systems (TPMS). The issue affects Tesla Model 3 for the 2017 to 2025 model years, Model Y from 2020 to 2025, and Cybertruck vehicles manufactured in 2024.
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China’s tyre exports grew in November, but more slowly
According to officials in China, tyre export volumes increased slightly year-on-year in November 2024. However, the rate of growth slowed significantly compared to October, with export volumes declining slightly month-on-month.
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