Increased capacity, exports: Prometeon investing $115 million in Turkey
Capacity at the Prometeon Tyre Group plant in İzmit, Turkey will increase by 75 per cent by 2020 in order to accommodate plans to almost double exports from the facility. This project will be funded by a US$115 million investment announced by the company on Tuesday.
Continue ReadingSSE debut for new Sailun Group ticker symbol
As of today, Sailun’s ticker symbol on the Shanghai Stock Exchange has changed from ‘Sailun Jinyu Group Co., Ltd.’ to ‘Sailun Group Co., Ltd.’. The tyre maker’s securities code remains 601058.
Continue ReadingBKT outlaying up to $100 million to build US tyre plant
Balkrishna Industries (BKT) has provided further details regarding its plans to build a factory in the USA. With a capital outlay of up to US$100 million, funded by investments and local debt, the tyre maker intends to establish a greenfield facility with an annual capacity of 20,000 tonnes.
Continue ReadingMichelin closing Dundee tyre factory
Two months after the tyre manufacturer began a restructuring programme at its factory in Dundee, Michelin is set to close the plant at the cost of about 850 jobs. Michelin, which has run the Dundee site since 1971, says it plans to leave the city by 2020.
Continue ReadingKordsa wins Platin Global 100 award
Kordsa has been named as one of the Global 100 enterprises. According to a study conducted by Platin magazine in association with IPSOS. Platin also gave Kordsa the Industry 4.0 award in the textile category.
Continue ReadingMultistrada Achilles tyres recalled in the US
In the USA, Multistrada is recalling 6,318 Achilles Desert Hawk A/P LT in size LT215/85 R16 115/112R 10PR. According to a National Highway Traffic Safety Association (NHTSA) recall notice, the tyres have the DOT date code range 1915 to 3618.
Continue ReadingCoker Tire acquires European distributor
Via its acquisition of German tyre distributor Münchner Oldtimer Reifen GmbH (MOR), the Coker Group expects to gain greater access to the growing European market for vintage and classic tyres. The Holzkirchen, Germany-based firm will continue to be led by managing partner Valentin Schaal, who founded MOR in 1983, and the distributor’s existing management team.
Continue ReadingEastman experts to discuss sulphur dispersion in high severity service heavy tyres
Sulphur dispersion and formulation insights for high-severity service in heavy tyres will be the focus of work shared by two Eastman Tire Additives scientists at the KHK 13th Fall Rubber Colloquium in Hannover, Germany 6-8 November, 2018. The technical presentation by Dr. Dominica Wong will explore why the tensile dispersion test provides valuable insights into sulphur dispersion and how this approach guided the development of innovations such as Eastman Crystex Cure Pro insoluble sulphur. A poster by Dr. Leandro Forciniti will examine how polymers and other additives influence formulations for high-severity service in heavy tyres, including Eastman Impera performance resins.
Continue ReadingBridgestone Asia Pacific gains HR Excellence Award
At last week’s HR Excellence Awards 2018 in Singapore, Bridgestone Asia Pacific walked away with an ‘Excellence in HR Change Management’ award. Receiving bronze in this category, Bridgestone was the only tyre maker honoured at the ceremony.
Continue ReadingBrits prefer to ‘do it alone’
For the French it’s a pastime for couples, for the Spanish a group activity, but going solo is the preferred way of doing it in the UK. We are of course talking about motorcycling – according to a survey performed by Moto-tyres.co.uk, 71 per cent of British respondents said they’d rather ride alone than in a group.
Continue ReadingSteel wheels from china sold in US at “less than fair value”
Following an investigation covering the period from 1 July to 31 December 2017, the US Department of Commerce has issued a preliminary determination that steel wheels from the Peoples Republic of China were (or were likely to have been) sold in the United States at less-than-fair-value. It now invites interested parties to comment on this preliminary determination.
Continue ReadingChinese truck/bus tyres: US court partially rejects determination
The U.S. International Trade Commission (ITC) must reappraise its final determination on truck and bus tyres from China after the US Court of International Trade (CIT) only partially sustained the ITC’s determination that the US tyre industry has been neither materially injured nor threatened with material injury by imports of these products.
Continue ReadingTIA: New president, BKT’s Poddar inducted into Hall of Fame
John Evankovich has been inducted as president of the Tire Industry Association’s (TIA) Board of Directors. He took office at the TIA annual membership meeting on 29 October and will serve a one-year term. In addition, the US-based industry association also introduced Brian Rigney (president, Dill Air Controls) as its vice-president and Dan Nothdurft (president, Tires, Tires, Tires) as secretary. Mike Wolfe (owner, Southeastern Wholesale Tire) will remain treasurer.
Continue ReadingApollo’s Onkar Kanwar receives Hungary’s ‘Order of Merit’
Hungary has bestowed the Officers Cross (Civilian Division) of the ‘Order of Merit’ upon Onkar S Kanwar, chairman of Apollo Tyres Ltd. This award was conferred in recognition of Kanwar’s work towards strengthening Hungarian-Indian economic relations through the company’s investment in Hungary.
Continue ReadingMagna launches MA02 for scrapers and graders
Magna Tyres Group has launched the Magna MA02 Scraper. According to the company, this tyre is explicitly designed for scrapers and graders and will make the groundwork for all your projects as effortlessly as it possible can be.
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