![Goodyear closing plant in Malaysia](https://www.tyrepress.com/wp-content/uploads/2023/10/Goodyear-placeholder-2.jpg)
Goodyear closing plant in Malaysia
The Goodyear Tire & Rubber Company intends to close another production facility, this time far away from its European operation. The company will end tyre making at its plant in Shah Alam by 30 June 2024, with the closure process completed by the end of this year. Approximately 550 employees will be directly affected by the plant’s shutdown.
Continue Reading![Thailand now supplies more than a quarter of European truck tyre imports – Astutus Research](https://www.tyrepress.com/wp-content/uploads/2020/09/Prinx-Thailand-TBR.png)
Thailand now supplies more than a quarter of European truck tyre imports – Astutus Research
The rapid growth of a manufacturing base largely across Asia has seen a swift evolution in the source of truck tyre imports in the European Union and UK. A new analysis conducted by leading tyre market analyst Astutus Research for Tyres & Accessories shows that Thailand has soared into a leading position in this segment, accounting for 26.3 per cent of truck tyre imports in 2023. Turkey (20.6 per cent) and more recently Vietnam (15.0 per cent) have also overtaken the previously dominant China (14.5 per cent) as leading sources of truck tyres in Europe (defined as the EU27 plus UK).
Continue Reading![Guizhou/Advance Tyre enters the PCR market](https://www.tyrepress.com/wp-content/uploads/2024/03/Guizhou-PCR.jpg)
Guizhou/Advance Tyre enters the PCR market
Guizhou Tyre’s board of directors has approved a plan to build a semi-steel radial tyre production line with an annual output of 6 million units at its Vietnam factory. This move means that the tyre manufacturer, which focuses on the production of TBR and OTR, is beginning to enter the PCR market.
Continue Reading![Denso celebrates 75th anniversary](https://www.tyrepress.com/wp-content/uploads/2024/03/Denso75.jpg)
Denso celebrates 75th anniversary
The Denso Corporation, originally established as Nippondenso in 1949, is now 75, and its products are still relied upon by millions of people across the globe. Although progress has continued to be at the centre of its ethos, the changing world, particularly the environmental challenges it faces, have combined with the company’s long-held concern for the well-being of society, to ensure that sustainability and carbon neutrality are equally important in the years to come.
Continue Reading![Prinx Chengshan debuts OTR mining tyre range](https://www.tyrepress.com/wp-content/uploads/2024/03/Prinx-Chengshan-OTR.png)
Prinx Chengshan debuts OTR mining tyre range
In addition to manufacturing truck and passenger vehicle tyres – the former sold in the UK under the Fortune brand name and the latter as Fortune and Prinx tyres – Prinx Chengshan is staking its claim in the off-highway segment. So far, the company has restricted its activities in this area to China, where it has introduced OTR tyres for wide-body mining vehicles, smooth tyres for underground applications, and on-road mining crane tyres. It recently added to this portfolio with two further tyres for wide-body mining vehicles, the ET06 and ET07 in size 16.00R25.
Continue Reading![Hankook debuts ISCC certified iON tyre](https://www.tyrepress.com/wp-content/uploads/2024/03/Sustainable_tires_commercialized_SK_chemicals_Hyosung_Advanced_Materials_Hankook_Tire.jpg)
Hankook debuts ISCC certified iON tyre
Together with two other South Korean firms, Hankook Tire & Technology has developed the country’s first tyre using cord fibre sourced from chemically recycled PET. The tyre maker partnered with SK chemicals and Hyosung Advanced Materials to develop Hankook iON tyres containing “circular recycled PET fibre tyre cords.” The resulting product is the first tyre to wear the ISCC Plus certification logo.
Continue Reading![Saudi tyre JV – Kumho Tire & Blatco sign tech agreement](https://www.tyrepress.com/wp-content/uploads/2024/03/Kumho-Blatco-sml.jpg)
Saudi tyre JV – Kumho Tire & Blatco sign tech agreement
Kumho Tire has entered into a technology licensing agreement with Blatco (Black Arrow Tire Co.), a Saudi company established in 2019 to kick-start tyre manufacturing within the country with joint venture partners. Under the terms of the agreement, Kumho Tire will provide Blatco its passenger vehicle tyre production technology for the next 20 years.
Continue Reading![Corey Parks succeeds Robert Foord as Kal Tire president](https://www.tyrepress.com/wp-content/uploads/2024/03/Corey-Parks_02-1-scaled-1-scaled-e1709628288856.jpg)
Corey Parks succeeds Robert Foord as Kal Tire president
Robert Foord is transitioning to the role of executive vice-chair of the board after 15 years as president of Kal Tire and 37 years with the company his father founded. Corey Parks assumed the role of president effective 1 March 2024.
Continue Reading![Nova Motorsport signs 5-year RallyX Championship tyre supply agreement](https://www.tyrepress.com/wp-content/uploads/2024/03/Nova-Motorsport-and-RallyX-Open-4WD_04-scaled.jpg)
Nova Motorsport signs 5-year RallyX Championship tyre supply agreement
New motorsport tyre brand Nova Motorsport has signed a five-year partnership to make it the official tyre supplier to the RallyX Championship, starting with the 2024 season opener in Sweden (10-11 May). The deal represents continuity for the championship in a sense; Nova Motorsport has acquired the rights to sell products under the Avon Motorsport and Avon Racing brands from Cooper’s owner, Goodyear; has recruited several key staff from the former Cooper Avon operation based in Melksham; and has acquired all residual stock from the Cooper Tire & Rubber Company and Avon Motorsport business, including the world leading ACB11 rallycross tyre. Nova Motorsport said it is making a “firm commitment to uphold the legacy, performance and quality of Avon Motorsport products.”
Continue Reading![Jiangsu General aims for 10 billion yuan turnover](https://www.tyrepress.com/wp-content/uploads/2024/03/Jiangsu-Target.jpg)
Jiangsu General aims for 10 billion yuan turnover
Gu Cui, chairman of Jiangsu General, revealed the tyre manufacturer’s four development priorities in 2024: the Thailand factory phase II project, the Cambodia factory phase II project, China’s domestic semi-steel radial tyre market, and the OTR market. Specifically, the company hopes to achieve sales and market value of 10 billion yuan.
Continue Reading![Michelin joins Antin, Enviro announcing first end-of-life tyre recycling plant in Sweden](https://www.tyrepress.com/wp-content/uploads/2024/03/oil-enviro-scaled.jpg)
Michelin joins Antin, Enviro announcing first end-of-life tyre recycling plant in Sweden
Michelin has finalised its shared investment plan alongside joint venture partners Enviro and Antin for the construction of a first end-of-life tyre recycling plant in Uddevalla, Sweden. The project, which broke ground in February, is based on Enviro’s pyrolysis technology. It has secured a series of multi-year contracts for the supply of used tyres and the upcycling of recovered carbon black and pyrolysis oil. The first plant has targeted a capacity to recycle approximately 35,000 tons of used tyres annually and to create up to 40 green jobs in the local community in its first phase.
Continue Reading![Truck donations allow Transaid to support HGV driver training in Zambia](https://www.tyrepress.com/wp-content/uploads/2024/03/429-01-Transaid-Trucks-Zambia-scaled.jpg)
Truck donations allow Transaid to support HGV driver training in Zambia
Two heavy goods vehicles (HGVs) which had previously operated in the UK will help train hundreds of new and existing truck drivers in Zambia, having entered service at the Industrial Training Centre (ITC) in Lusaka, after being donated by supporters of Transaid. This contributes to an ongoing partnership between Transaid and the ITC which aims to improve road safety across the country, having first teamed up in 2008 and together trained more than 22,000 drivers during the 15-year period.
Continue Reading![Titan International buys Carlstar Group for US$296 million](https://www.tyrepress.com/wp-content/uploads/2023/11/Carlstar-sml.jpg)
Titan International buys Carlstar Group for US$296 million
Titan International, Inc. (TWI) has bought Carlstar Group LLC. for approximately $296 million in a cash and stock transaction, which closed on 29 February 2024. The transaction price represents a multiple of approximately 4x Carlstars full-year 2023 pre-tax profits (adjusted EBITDA) of $73 million. Carlstar reported revenues of around $615 million in 2023.
Continue Reading![Falken Motorsports commits to Nürburgring racing for 2024](https://www.tyrepress.com/wp-content/uploads/2024/02/NLS5-Victory-scaled.jpg)
Falken Motorsports commits to Nürburgring racing for 2024
Falken Motorsports will return to Nürburgring Langstrecken-Serie (NLS) action and the ADAC Ravenol 24h Nürburgring with its pair of Porsche 911 GT3 R (992)s. The tyre brand’s team had a successful 2023, with the teal and blue liveried Porsches finishing third in the NLS Speed Trophy thanks to several top five results – including wins in NLS5 and NLS6. With the driver line-up set to be confirmed next month, 2024 marks the second year Falken Motorsports has run the 911 GT3 R (992) and its 14th as a Porsche customer team.
Continue Reading![Remember This? – February 2024](https://www.tyrepress.com/wp-content/uploads/2021/06/Feb-2014-Cropped-FC.png)
Remember This? – February 2024
Our monthly magazine column looks back at the biggest news events from the tyre industry five, 10, 15 and 20 years ago. This months edition looks back to February issues from 2004, 2009, 2014, and 2019 for some of the biggest tyre industry news of those months. Click the month and year to access the digital edition of the relevant issue of the magazine from Tyres & Accessories’ expanding digital archive.
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