![Ukraine war’s impact on global tyre-makers acute for Nokian, manageable for others](https://www.tyrepress.com/wp-content/uploads/2022/03/Nokian-Russia-plant-sml.jpg)
Ukraine war’s impact on global tyre-makers acute for Nokian, manageable for others
The first month of Russia’s invasion of Ukraine has already revealed several consequences for mobility and the global tyre industry, as Tyrepress’s continuing coverage of the situation has shown. The resultant sanctions imposed on Russia by an international alliance and the response of multinational companies, at least 450 of which had scaled back their business in the country as of the publication of this article, will send reverberations around global economies. The tyre industry faces impacts on several fronts – higher fuel prices and further interruption to logistics chains and materials supply will have knock-on consequences for tyre sales that will unfold over the coming months. At nearly a month after the conflict began, tyre business analyst Astutus Research examines the immediate consequences for tyre manufacturing in Russia, as well as its neighbours Ukraine and Belarus. This analysis looks at the impact of events on the global manufacturers whose plants were collectively responsible for around 70 per cent of Russia’s passenger car and light truck (PCLT) output. For more Astutus Research analysis and forecasts for the global tyre business, see the report series ‘Beyond Covid-19’ in Tyrepress’s Report Shop.
Continue Reading![Pirelli stops new investment in Russia, puts brakes on tyre manufacturing in Russia](https://www.tyrepress.com/wp-content/uploads/2022/03/Pirelli-Russland-klein-.jpg)
Pirelli stops new investment in Russia, puts brakes on tyre manufacturing in Russia
Pirelli has stopped investment in the Russian market. At the same time, Pirelli is phasing down production at its two Russian tyre plants - Kirov and Voronezh. Writing in a statement published on 18 March 2022, executives confirmed that they have stopped investment in Russia “excluding those linked to security”. At the same time, Pirelli executives said: “activities of the factories in Russia will be progressively limited to those needed to guarantee the financing of salaries and social services for employees.”
Continue Reading![Bridgestone IT incident an “untargeted ransomware attack”](https://www.tyrepress.com/wp-content/uploads/2021/12/generic01-550x338-1.jpg)
Bridgestone IT incident an “untargeted ransomware attack”
Following an investigation performed by Bridgestone Americas and third-party security advisors, Bridgestone Corporation understands that the “IT security incident” that Bridgestone Americas experienced on 27 February was the result of an “untargeted ransomware attack.”
Continue Reading![Enviro reports ‘Sharp increase in interest’ in rCB due to war in Ukraine](https://www.tyrepress.com/wp-content/uploads/2022/03/9b9205272ce8e37e_org-scaled.jpg)
Enviro reports ‘Sharp increase in interest’ in rCB due to war in Ukraine
Tyre recycling and product recovery specialists Scandinavian Enviro Systems (Enviro) is has noted “a sharp increase of interest in purchasing the carbon black and oil that Enviro recovers from end-of-life tyres” since the Russian invasion of Ukraine on 24 February 2022. Interest has been observed “among old and new customers”, but the company has not commented on what this means in terms of specific orders.
Continue Reading![Carbon black and gas prices push tyre manufacturer supply situation to a head](https://www.tyrepress.com/wp-content/uploads/2022/03/Engelhardt-Boris.jpg)
Carbon black and gas prices push tyre manufacturer supply situation to a head
Russias attack on Ukraine is now impacting Europe’s leading economies and specifically Germany. For those producing tyres, hoses, seals or health protection products, the situation is particularly series due to the duel effects of tight carbon black supplies and rising energy and specifically gas costs. Carbon black is an indispensable material for production and so far more than a third comes from Russia, explained Boris Engelhardt, general manager of the German Rubber Industry Association (WdK) in Frankfurt am Main, according to our sister publication reifenpresse.de.
Continue Reading![Enso becomes first tyre company to gain B Corporation ESG certification](https://www.tyrepress.com/wp-content/uploads/2022/03/Gheadshot-scaled.jpeg)
Enso becomes first tyre company to gain B Corporation ESG certification
Enso, the world’s first sustainable tyre company, has become the first tyre company to achieve B Corporation Certified business status. B Corporation (also known as B-Corp or B-Lab) is a global movement of businesses supporting each other to improve and drive global change. B Corp awards a private certification to for-profit companies based on their social and environmental performance. To achieve B-Corp status, Ensos business operations and Environmental, Social and Governance (ESG) strategy were assessed by an independent third-party to evaluate its commitment to meeting high standards, and to verify performance, accountability, and transparency.
Continue Reading![Michelin halts Russian tyre manufacturing and exports to Russia](https://www.tyrepress.com/wp-content/uploads/2022/03/Michelin-Davidovo_tb.jpg)
Michelin halts Russian tyre manufacturing and exports to Russia
The Michelin Group has announced that is suspending all its “industrial activity” in Russia as well as suspending its exports to Russia. Michelin’s Davydovo tyre production plant near Moscow employs about 750 people and manufactures passenger car tyres and retreaded truck tyres. According to a statement from Michelin released on 15 March 2022, the Davydovo site’s production is “mainly for the local market”.
Continue Reading![Bridgestone lost some data in Americas ransomware attack](https://www.tyrepress.com/wp-content/uploads/2022/03/bridgestone-warren-plant-exterior.png)
Bridgestone lost some data in Americas ransomware attack
The cyberattack on Bridgestone Americas resulted in the perpetrators gaining access to “a limited number of Bridgestone systems and threatening to make this information public.” However, the Bridgestone Americas statement released in answer to Tyres & Accessories questions on 15 March also explained that the company is: “…working around the clock with external security advisors, Accenture Security, to investigate and understand the full scope and nature of the incident.”
Continue Reading![Continental and Pyrum sign development agreement, recovered carbon black supply deal](https://www.tyrepress.com/wp-content/uploads/2022/03/Continental_PP_Pascal-Klein.jpg)
Continental and Pyrum sign development agreement, recovered carbon black supply deal
Continental AG has signed a development agreement with tyre pyrolysis firm Pyrum Innovations. Continental has held “a strategic minority stake” in Pyrum since its IPO in 2021. The new deal means, among other things, high-quality recovered carbon black (rCB) is to be obtained for Continental’s tyre production. Continentals subsidiary, Reifen-Entsorgungsgesellschaft (REG), will begin supplying end-of-life tyres from the premium manufacturer to Pyrum this month. In the long term, the aim is to establish a circular economy concept for the recycling of end-of-life tyres.
Continue Reading![Pirelli raises tyre prices up 10% in the USA](https://www.tyrepress.com/wp-content/uploads/2020/10/59_QWJzdHJhY3QgYmFja2dyb3VuZCB3aXRoIGVhcnRoLmpwZw-scaled-e1602237450291.jpg)
Pirelli raises tyre prices up 10% in the USA
Pirelli has announced a range of price increases in the United States for car and light truck tyres. Specific price increases will vary according to product line and size, but price hikes will range up to 10 per cent.
Continue Reading![Zhongce Rubber Group acquires Tianli OTR, agricultural tyre manufacturer](https://www.tyrepress.com/wp-content/uploads/2022/03/Tianjin-factory.jpg)
Zhongce Rubber Group acquires Tianli OTR, agricultural tyre manufacturer
Zhongce Rubber Group (Zhongce) has acquired Tianjin United Tire & Rubber International Co, Ltd (TUTRIC), the manufacturer of the Tianli off-the-road tyre brand. The acquisition means Zhongce will expand its business into the agricultural and giant OTR tyre segments, while bolstering its already strong offering to OTR and industrial tyre markets. Established in 1985 in the coastal city of Tianjin, near Beijing, TUTRIC manufactures 35,000 tonnes of OTR and agricultural tyres per year. The TUTRIC factory at Tianjin covers an area of 480,000sqm, employing more than 1,000 people. Zhongce says the acquisition is the next step in its continued global expansion. The manufacturer is China’s largest tyre-maker, and the world’s ninth biggest in Tyres & Accessories’ 2021 ranking.
Continue Reading![Enso Tyres becomes a Wastefront recovered carbon black customer](https://www.tyrepress.com/wp-content/uploads/2021/06/09_06_21_MM_Hyper_032-scaled.jpg)
Enso Tyres becomes a Wastefront recovered carbon black customer
During the first week of March, Wastefront announced it has entered a strategic partnership with electric vehicle tyre-focused tyre brand Enso. The deal will see Enso incorporate Wastefront’s recycled carbon black (rCB) in its tyres from 2024. Wastefront will also provide UK-based Enso with a recycling outlet for its used tyres, as part of its Extended Producer Responsibility (EPR).
Continue Reading![Grupo Andrés tyres sales were 219 million euros in 2021](https://www.tyrepress.com/wp-content/uploads/2022/03/Ivan-Andres-Eduardo-Salazar-Javier-ANdres-de-izda-a-dcha-medio.jpg)
Grupo Andrés tyres sales were 219 million euros in 2021
Grupo Andrés recorded tyre-related sales of 219 million euros in 2021, despite the Covid-19-related complications of 2020. According to the company, the results confirm both Andrés Neumáticos’s position as “the undisputed leader in the tyre distribution sector in the Iberian Peninsula” and its ongoing strategy.
Continue Reading![Bridgestone suspending Russia manufacturing activities, imports](https://www.tyrepress.com/wp-content/uploads/2021/12/generic01.jpg)
Bridgestone suspending Russia manufacturing activities, imports
As of Friday 18 March 2022, Bridgestone Corporation will suspend its manufacturing activities in Russia until further notice. This production stop will take place after “the necessary preparations” are made. The company has also decided to freeze any new investments and suspend all exports to Russia with immediate effect.
Continue Reading![Giti amongst fastest risers in 2022 Brand Finance tyre ranking](https://www.tyrepress.com/wp-content/uploads/2022/03/Brand_Value_Change_20212022GITI.png)
Giti amongst fastest risers in 2022 Brand Finance tyre ranking
Not only did Giti break into the top 10 of Brand Finance’s annual tyre brand ranking, but it is also amongst the fastest risers. According to the company, this result “underscores the efficiency of the strategies adopted in the last two years to overcome the problems resulting from the Covid19 pandemic”.
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