![Yongsheng Rubber shareholding changes](https://www.tyrepress.com/wp-content/uploads/2022/05/Picture1-1.jpg)
Yongsheng Rubber shareholding changes
Tyrepress has learned from people familiar with the matter that the shareholding of Shandong Yongsheng Rubber Group Co., Ltd. has changed recently. After the equity change, Tian Xiuzhen held 50 per cent and became the group’s major shareholder. Liu Zijun and Liu Huiqin each own 25 per cent of the shares.
Continue Reading![Eldan & Pyrum intensify tyre recycling, pyrolysis collaboration](https://www.tyrepress.com/wp-content/uploads/2022/05/Eldan-Pyrum-sml.jpg)
Eldan & Pyrum intensify tyre recycling, pyrolysis collaboration
Under an expanded cooperation, end-of-life tyre (ELT) recycling equipment manufacturer Eldan Recycling A/S and pyrolysis technology developer Pyrum Innovations AG will include each other’s products in their complete recycling solutions. The Danish and German firms say they’ll distribute these solutions “actively”.
Continue Reading![ZC Rubber excluded from EU tyre tariff annulment since first ruling didn’t apply](https://www.tyrepress.com/wp-content/uploads/2022/05/pexels-sora-shimazaki-5668481-scaled.jpg)
ZC Rubber excluded from EU tyre tariff annulment since first ruling didn’t apply
The Zhongce Rubber Group (ZC Rubber) was excluded from the list of applicable companies in the European Courts of Justice’s 4 May 2022 ruling annulling import tariffs against truck tyres produced in China. Reading the small print of the ruling reveals why. The initial ruling didn’t completely apply to ZC Rubber and so action against it couldn’t be annulled. In other words, the latest anti-dumping annulment is inadmissible for ZC Rubber, because nothing was applied in the first place.
Continue Reading![US launch for Goodyear’s soybean truck tyres](https://www.tyrepress.com/wp-content/uploads/2022/05/goodyear-metro-miler-sml.jpg)
US launch for Goodyear’s soybean truck tyres
This week, Goodyear Tire & Rubber Company achieved a further step towards its goal of fully replacing petroleum-derived oils by 2040. Selected products within the Goodyear Metro Miler range, a city transit tyre available to customers in North America, are now produced using a bio-based soybean oil compound that replaces a portion of the petroleum-based materials used.
Continue Reading![Chinese truck tyre tariffs annulled](https://www.tyrepress.com/wp-content/uploads/2022/05/la_7167-scaled.jpg)
Chinese truck tyre tariffs annulled
Anti-dumping and anti-subsidy tariffs imposed against Chinese-produced truck tyres in 2018 must be annulled, according to a judgement published by the European Court of Justice on 4 May 2022. Tyres & Accessories understands that the verdict can be appealed between now and July, but unless that appeal is successful, the annulment of anti-dumping tariffs against Chinese-produced truck tyres will result in increased imports and sales of those products.
Continue Reading![Titan International: No further investments in Russian operation](https://www.tyrepress.com/wp-content/uploads/2022/05/voltyre.jpg)
Titan International: No further investments in Russian operation
Although Russian tyre maker Voltyre-Prom recently spoke of potential opportunities arising from the war in Ukraine and related international implications, majority shareholder Titan International confirms it will not be investing in this business any time soon. Details of Titan’s relationship with the Russian operation were set out in the US-based firm’s 10-Q financial report for Q1 2022 and further commented on during a teleconference held on 3 May.
Continue Reading![Martins acquires Checkpoint](https://www.tyrepress.com/wp-content/uploads/2022/05/Mike-Marczynski-Checkpoint-and-Martin-Depelteau-MARTINS.jpeg)
Martins acquires Checkpoint
Towards the end of April, tyre servicing equipment supplier Martins acquired UK company Checkpoint, which is known for its wheel security products. Checkpoint has 30 years of experience in the market that began with founder, CEO and inventor Mike Marczynski.
Continue Reading![MAHA UK starts exhibition run with ITT Hub appearance](https://www.tyrepress.com/wp-content/uploads/2022/05/22-4-220004-scaled.jpg)
MAHA UK starts exhibition run with ITT Hub appearance
A Tevva electric truck perched on one of Maha UK’s flagship lifts will be sure to stop ITT Hub visitors in their tracks, as the workshop equipment manufacturer continues its preparations for the event at Farnborough International.
Continue Reading![Shanghai lockdown severely impacting the region’s tyre industry](https://www.tyrepress.com/wp-content/uploads/2022/05/shanghai-skyline-sml.jpg)
Shanghai lockdown severely impacting the region’s tyre industry
Since March 2022, China’s government has imposed strict lockdown policies on several cities in response to the rapid spread of COVID-19. Shanghai, the economic centre of China, is one of the core lockdown areas. According to information available to Tyrepress, it appears the entire industry is feeling the restrictions hitting production, logistics and retail in Shanghai and surrounding cities.
Continue Reading![Michelin remains China’s top tyre brand](https://www.tyrepress.com/wp-content/uploads/2022/05/doublestar-china-brand.png)
Michelin remains China’s top tyre brand
The results of the 2022 China Brand Power Index (C-BPI) are out, and leading brand rating and consulting agency Chnbrand has once again ranked Michelin as the clear favourite in its automotive tyre brand ranking. Michelin has occupied the top spot every year since the inaugural rating was published in 2011.
Continue Reading![Racetrack debut for guayule rubber tyre](https://www.tyrepress.com/wp-content/uploads/2022/05/Firestone-Firehawk-sml.jpg)
Racetrack debut for guayule rubber tyre
Several tyre makers plan to offer tyres containing natural rubber from non-conventional sources. Bridgestone Americas has been working to commercialise guayule shrub rubber for a decade and recently announced the upcoming motorsport debut of a race tyre made with guayule rubber grown and extracted at its R&D facilities. It will introduce the new Firestone Firehawk at the Indy Pit Stop Challenge on 27 May ahead of the race tyre’s competitive premiere in August.
Continue Reading![Springwater Capital increases Fintyre capital, becomes majority shareholder](https://www.tyrepress.com/wp-content/uploads/2022/04/FinTyre-23.jpg)
Springwater Capital increases Fintyre capital, becomes majority shareholder
Springwater Capital has completed the strengthening of the capital structure of the large Italian tyre distributer Fintyre, reports our Italian sister website PneusNews. The transaction completes the process started in June 2020 with the request for an arrangement with creditors presented by Fintyre to the Court of Brescia after the exit of Bain Capital, the main shareholder.
Continue Reading![Point S expands in Brazil](https://www.tyrepress.com/wp-content/uploads/2022/04/Point-S-brazil.jpg)
Point S expands in Brazil
Point S, the multi-brand automotive services and tyre sales franchise, has expanded its global network into the Brazilian market through a Master Franchise Agreement (MFA) with local specialist, ATO. The agreement represents a significant milestone for Point S, with South America becoming the fifth continent in which the network has a presence.
Continue Reading![Michelin: Q1 sales up 19% to 6.5 billion euros](https://www.tyrepress.com/wp-content/uploads/2022/04/thumbnail_4348a1e7-c1ef-4aa4-bd7b-1c04299a2937@bluematrix.png)
Michelin: Q1 sales up 19% to 6.5 billion euros
Michelin Group has reported that its first quarter 2022 sales amounted to 6.5 billion euros, a 19 per cent increase on the first quarter of 2021. According to the company, price increases and strengthening replacement demand helped it offset headwinds including operation disruptions and inflationary pressures exacerbated by the conflict in Ukraine plus the resurgence of Covid-19 in China.
Continue Reading![Goodyear Total Mobility takes Drive Results on European roadshow](https://www.tyrepress.com/wp-content/uploads/2022/04/Goodyear-regrooving.jpg)
Goodyear Total Mobility takes Drive Results on European roadshow
Goodyear will be showcasing its commercial Goodyear Total Mobility solution on a roadshow across 13 European countries in 2022. The tour follows the Goodyear FIA European Truck Racing Championship calendar as well as a number of key cities and trade events. The year-long Drive Results tour and campaign kicked-off on 22 April in France, before heading to the United Kingdom and Italy in May for the first round of the Goodyear FIA European Truck Racing Championship at Misano. The UK leg sees the company engage with this years ITT Hub at Farnbourgh International 11-12 May.
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