![Kumho synergies & new growth: Doublestar benefitting from acquisitions](https://www.tyrepress.com/wp-content/uploads/2019/09/Doublestar-Linda-Deng-sml.jpg)
Kumho synergies & new growth: Doublestar benefitting from acquisitions
It was a difficult birth. As regular visitors to this site are well aware, Qingdao Doublestar Co Ltd.’s acquisition of Kumho Tire was punctuated by more than its share of complications: Threats of mass resignations, bickering over brand name use and questions about financing all belonged to the experience.
Continue ReadingReport: Yokohama has signed ‘no shop contract’ with Prometeon
Rubber industry news sources have confirmed earlier reports that Yokohama Rubber is in acquisition talks with Prometeon.
Continue ReadingNex Tires to distribute Goodyear Farm Tires in Spain
Nex Tires has been named official distributor for the newly-returned Goodyear Farm Tires brand in the Spanish market. The agricultural tyre supplier will stock the full Goodyear agri radial range.
Continue Reading![Big names signed up to The Tire Cologne 2020](https://www.tyrepress.com/wp-content/uploads/2019/09/tire-cologne-crowd.jpg)
Big names signed up to The Tire Cologne 2020
The organisers of The Tire Cologne are feeling pleased with themselves. Not only is 70 per cent of the next show’s exhibitor floorspace already booked and rented a good nine months before it begins, the exhibitor list includes all five of the world’s leading tyre makers.
Continue Reading![Falken sponsors Audi Nines event](https://www.tyrepress.com/wp-content/uploads/2019/09/A9B19_Day6_Action_Erik-Fedko_004_KlausPolzer_Web.jpg)
Falken sponsors Audi Nines event
Falken has sponsored the Audi Nines mountain bike event for the second time. The Audi Nines held its winter sports equivalent in Obergurgl-Hochgurgl, Austria, at the end of April. Nearly 4,000 spectators experienced the spectacle live at the Ellweiler quarry near Birkenfeld last Saturday. 28 of the world’s best mountain bikers from eleven nations gathered there to spend a week producing film and media content in a spectacular setting, with a public contest day as the crowning finish to a successful weekend.
Continue Reading![U.S. Senator to Goodyear: Workers are ‘tired of this corporate race to the bottom’](https://www.tyrepress.com/wp-content/uploads/2019/09/sherrod_brown_062609_color2-sml.jpg)
U.S. Senator to Goodyear: Workers are ‘tired of this corporate race to the bottom’
The U.S. Senator representing the home state of Goodyear Tire & Rubber Company has written to the tyre maker, imploring it to improve the renumeration and treatment it gives workers at its plant in San Luis Potosí, Mexico. Sherrod Brown, Senator for Ohio, urged Richard Kramer, Goodyear’s chairman, president and chief executive officer, to “take immediate steps” to improve both. He also criticised Goodyear’s decision to recently prevent Members of the United States Congress from touring the facility.
Continue Reading![Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon](https://www.tyrepress.com/wp-content/uploads/2019/09/Prometeon.png)
Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon
Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon Japanese tyre and rubber manufacturer Yokohama is planning to invest into and even buy Prometeon, the new name for the former Pirelli commercial and industrial tyre manufacturing operation, according to a range of sources. Tyres & Accessories first heard this news in July and then the Italian financial press subsequently suggested that Prometeon’s shareholders were considering restructuring Prometeon’s ownership. Yokohama is understood to be leading the suitors. The official Yokohama/Prometeon investment announcement is expected during the course of the next week or so.
Continue Reading![Magna Tyres Group opens USA office](https://www.tyrepress.com/wp-content/uploads/2019/09/magna-usa.jpg)
Magna Tyres Group opens USA office
Magna Tyres Group shares that it has opened a sales office in the USA. Its premises in Fort Lauderdale, Florida opened on 1 September and is the company’s second office in North America. Magna Tyres Group has been present in the region since establishing a sales office in Canada at the start of this year.
Continue Reading2nd Algerian tyre plant: Doublestar participating in JV
Buried within the more than 134 pages of Qingdao Doublestar’s latest semi-annual report is the news that the state-owned tyre maker will extend China’s ‘one belt, one road’ strategy by working with a local partner to establish a tyre production facility in Algeria. The Chinese-language document states that its subsidiary Hong Kong Doublestar signed a joint venture agreement with El Hadj Larbi Pneumatiques during the reporting period.
Continue Reading![Hankook Tire postpones Hungary truck tyre plant](https://www.tyrepress.com/wp-content/uploads/2019/09/Hankook-Hungary-4th-expansion-sml.jpg)
Hankook Tire postpones Hungary truck tyre plant
News reports from Hungary suggest Hankook Tire has put on hold plans to set up a truck tyre production unit at its Rácalmás plant. English-language publication the Budapest Business Journal writes that fellow business daily Világgazdaság shared this news with its readers yesterday.
Continue ReadingCooper recalls certain Roadmaster RM852 tyres in the US
In the US, Cooper Tire & Rubber Co. (Cooper) is recalling certain Roadmaster RM852 EM tyres. According to a NHTSA recall notice published on 23 August 2019, the problem is that the “innerliner gauge may be too thin, allowing the tyre sidewall to fail.”
Continue Reading![GRI acquires Nortire OU](https://www.tyrepress.com/wp-content/uploads/2019/09/GRI-Subasinghe_tb-1.jpg)
GRI acquires Nortire OU
Sri Lanka-based speciality tyre manufacturer GRI reports that it has acquired the Estonia-based Nortire Group. Headquartered in Estonia, with a branch in Latvia and two branches in Lithuania, Nortire is a speciality tyre distributor. According to GRI, the acquisition will further expand the GRI’s global tyre service network, while attaining a significant foothold in the North European tyre market. The news follows a non-acquisition Middle East strategic partnership with Al-Dobowi in April 2019.
Continue Reading![Fedima manufacturer Recauchutagem 31 celebrates golden anniversary](https://www.tyrepress.com/wp-content/uploads/2019/09/Portugal-retreader-sml.jpg)
Fedima manufacturer Recauchutagem 31 celebrates golden anniversary
Portuguese retreader Recauchutagem 31 has celebrated 50 years in the business with a celebration attended by some 400 guests. From humble beginnings with just five employees and a 400 square metre facility in 1969, the retreader has grown over the years into a business that employs 88 and produces up to 500 tyres a day in sizes up to and including 27.00R49. Commenting on the company’s half century, Carlos Marques, chief executive officer of Recauchutagem 31, said: “Many thanks to our employers, our suppliers and our customers for help us these 50 years working with the best quality.”
Continue Reading![Toyo supporting Bundesliga team Fortuna Duesseldorf till 2022](https://www.tyrepress.com/wp-content/uploads/2019/09/cw_Freiburg-F95_37.jpg)
Toyo supporting Bundesliga team Fortuna Duesseldorf till 2022
Toyo Tires has sponsored German Bundesliga team Fortuna Duesseldorf for four seasons now and has signed a contract for a further three seasons until 2022. During this time Toyo has followed the team on their journey from Bundesliga 2 to Bundesliga 1.
Continue Reading![Algeria, & then the world: Iris Tyres brings ‘competitive’ range to market](https://www.tyrepress.com/wp-content/uploads/2019/09/CITExpo-Iris-sml.jpg)
Algeria, & then the world: Iris Tyres brings ‘competitive’ range to market
Algeria is once again a tyre-making country. Some six years after Michelin closed its plant in Algeria, Iris Tyres has brought the country back into the game with a new plant equipped with state-of-the-art machinery. The first products in an extensive range of tyres went on sale in July, and plans are in place to extend the product portfolio over the next couple of years.
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