Bridgestone buying back up to 14 million shares
Bridgestone is set to buy back as many as 12 million of its shares at a fixed price of 4,195 yen per share, based on the closing price at the time of the announcement.
Continue Reading![Nokian named as a sustainable company in RobecoSAM Yearbook](https://www.tyrepress.com/wp-content/uploads/2019/02/NT_sustainable_tyre_manufacturing1-1_web.jpg)
Nokian named as a sustainable company in RobecoSAM Yearbook
Nokian Tyres has received the Silver Class distinction in the RobecoSAM Sustainability Yearbook 2019. RobecoSAM is an expert on sustainability whose annual assessment is considered to be a particularly reliable and comprehensive report of how sustainability is implemented in companies around the world.
Continue Reading![Engineers working on £120 million Fort William alloy wheel factory](https://www.tyrepress.com/wp-content/uploads/2019/02/fort-william-factory.jpg)
Engineers working on £120 million Fort William alloy wheel factory
On 5 February plans to make Fort William a UK alloy wheel centre of excellence reached another milestone as ground engineers moved onto the site earmarked for Liberty’s flagship factory. According to the company, the technical team moved in with their rigs and excavators for six weeks of in-depth ground investigations which will provide vital information for the design of foundations for the planned plant that is intended to manufacture wheels for at least a fifth of all UK-made cars from 2022 onwards.
Continue ReadingReports: Kumho “struggling” to find CEO
Kumho Tire has been struggling appoint new company leadership after its previous chairman left following Doublestars purchase of the company.
Continue Reading![Spanish tyre management system integrates e-jobsheet](https://www.tyrepress.com/wp-content/uploads/2019/02/NETIXCloud-press-release-image.jpg)
Spanish tyre management system integrates e-jobsheet
A major supplier of tyre management systems into Spain is integrating e-jobsheet, the open-access, digital tablet-based service work platform for truck, bus and van, into its software. NETIXCloud’s partnership with CAM will enable its Spanish dealer customers to update stock efficiently in their dealer systems while simultaneously updating data in Fleetbridge if they are carrying out work for Bridgestone.
Continue ReadingCeat’s Anant Goenka give ATRC keynote address
CEAT managing director Anant Goenka will deliver the keynote address at the 5th Asian Tyre & Rubber Conference 2019 (ATRC) on 20 June 2019. The two-day event organised by Asian Business Media, will be held at Hyatt Regency, Chennai on from 20-21 June.
Continue Reading![Marangoni acquires Leader Rubber majority shareholding](https://www.tyrepress.com/wp-content/uploads/2019/02/marangoni-leader-majority-shareholding.jpg)
Marangoni acquires Leader Rubber majority shareholding
The Marangoni Group has acquired a majority shareholding, 51 per cent, in the South African tread maker Leader Rubber Company SA (Pty) Ltd. The move is the latest development in the decade-long partnership between Leader Rubber and Marangoni. The Italian company acquired a 25 per cent share in the company in 2015, a move it described as the “culmination of a partnership that has been ongoing for several years.”
Continue ReadingBengal Machine buys Columbus McKinnon
Bengal Machine, the parent company of Schutte-Buffalo Hammermill LLC, has acquired CM Recycling Equipment Solutions (CM Shredder). According to the company, the purchase of CM Shredder fits with Bengal Machine’s strategy to combine world-class brands in the size reduction industry into a fully integrated manufacturer offering complete, turnkey solutions across a wide range of industries and size reduction applications.
Continue ReadingUSTMA publishes tyre sustainability report
At the end of January, the US Tire Manufacturers Association (USTMA) released its first US sustainability report presenting its members’ collective progress and shared vision for a sustainable US tyre manufacturing industry.
Continue ReadingUnited Steelworkers ratify Cooper Tire Texarkana labour agreement
Cooper Tire & Rubber Company has confirmed the ratification of its new four-year labour agreement by members of United Steelworkers (USW) Local 752L in Texarkana, Arkansas. The agreement covers more than 1,400 USW members.
Continue ReadingUSITC: Chinese truck tyres materially injure US
The US International Trade Commission filed their remand determinations to the US Court of International Trade on January 30, 2019. By a majority of 3-2, the Commissioners have determined:
Continue Reading![Firenza car tyre range focuses on “style, safety and performance”](https://www.tyrepress.com/wp-content/uploads/2019/02/ST01A-White-2.jpg)
Firenza car tyre range focuses on “style, safety and performance”
Singapore-based Stamford Tyres’ Firenza tyre brand is pitching itself as “a competitively priced selection of both passenger car and high-performance tyres for the UK and Europe”.
Continue Reading![VMI opens Thailand ‘Service Center’](https://www.tyrepress.com/wp-content/uploads/2019/02/Overhaul.jpg)
VMI opens Thailand ‘Service Center’
On 22 January, the latest VMI Service Center located in Chon Buri Province, Thailand, was officially opened by Riaan Diener, VP of VMI Global Services, and Aart van der Pol, Regional Manager Customer Service Asia.
Continue ReadingReports: General Tyre Pakistan planning US$200 million investment in new factory
General Tyre and Rubber Company of Pakistan Limited is planning to invest around US$200 million on a new plant, local government officials told The News International on Saturday 2 February.
Continue Reading![BYD debuts electric trucks and plug-in van](https://www.tyrepress.com/wp-content/uploads/2019/02/BYD-T6-truck.png)
BYD debuts electric trucks and plug-in van
Build Your Dreams (BYD) has rolled out three zero emission commercial vehicles targeted at fleet customers in Europe. Two BYD pure electric trucks and one BYD pure electric van made their debut appearance in Europe last week at a presentation in the Estadio Nueva Condomina stadium in the city of Murcia, south-east Spain.
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