Read or download Tyres & Accessories Magazine August 2024 issue
In the August 2024 issue of Tyres & Accessories are special features on the online tyre business and all-season and winter tyres. The issue is now available as an e-paper for subscribers to Tyrepress. The issue also features the inside story on Yokohamas latest acquisition in the OTR tyre sector, as it brings Goodyears specialist division into the fold. Non-subscribers can gain access to Tyrepress with a print or online subscription. Tyre professionals can take advantage of the current Tyrepress Membership offer, helping to drive business online and stay informed with the industry’s leading magazine and websites.
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Bridgestone industrialises Italian recycled rubber project in car tyre treads
During July, Rubber Conversion’s Life Green Vulcan project was selected by the Italian Ministry of the Environment and Energy at the top of its LIFE Programme for the Environment and Climate Action. Life Green Vulcan demonstrated the use of recycled rubber for high-profile automotive applications. Specifically, Stellantis has industrialized spring pads containing 20 per cent recycled rubber, while Bridgestone has industrialized a car tyre tread containing 10 per cent recycled rubber by weight.
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Linglong continues VfL Wolfsburg partnership in 2024/25 Bundesliga season
Linglong Tire will continue its sponsorship deal with the Bundesliga club VfL Wolfsburg, starting with the club’s 2024/25 season-opening cup match at TuS Koblenz. VfL Wolfsburg are famously supported by Primary Partner Volkswagen, Europe’s largest automaker, out of whose sports club the team developed – one of the reasons the club is particularly attracting to the globalising Chinese tyre manufacturer, which is one of the club’s “Top-Partners”. In addition to the men’s team, Linglong will support the womens team of VfL Wolfsburg, reigning German Cup winners.
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Hankook’s Chongqing factory fined for environmental issues
Hankook’s factory in Chongqing, China, was fined 251,000 yuan (about £27,000; 32,000) by the Chinese Environmental Protection Department for not “storing hazardous waste” according to standards.
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Messe Frankfurt’s automotive hub
Messe Frankfurt has launched a ‘Gateway to Automotive’, the exhibition organiser’s industry hub for automotive topics. As well as compiling news from trade sources, the hub features an event calendar.
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Cheng Shin’s net profit surges in the first half of the year
In the first half of 2024, Cheng Shin Rubber’s revenue was NT$48 billion (about RMB 10.6 billion; £1.16 billion; €1.35 billion). In the same period, the tyre manufacturer’s net profit was NT$4.58 billion (about RMB 1 billion; £110 million; €130 million).
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ZC Rubber to launch 3 new Westlake truck tyres at IAA 2024
ZC Rubber is launching three tyres from its Westlake Gen II truck range at IAA Transportation 2024 in Hanover – the WAM2, WSL2, and WDL2. According to the company, all three tyres exhibit “a substantial improvement in rolling resistance compared to their predecessors”. They are also and are certified with M+S (Mud and Snow) and 3PMS (Three-Peak Mountain Snowflake) ratings.
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Apollo recalls 4300 tyres
Apollo Tyres Ltd is recalling 4,300 tyres supplied to its distributor partners in Europe (3,540 units), Turkey (266 units), the USA (194 units), and the United Arab Emirates (26 units). The remainder are still in the tyremaker’s own warehouses. According to the company, the recall covers 28 different passenger car product lines, across both the Apollo and Vredestein tyres brands.
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WAI Europe aims to lead the market at Automechanika Frankfurt 2024
WAI Europe will exhibit its ranges of auto electrical solutions at Automechanika Frankfurt (10-14 September 2024; Messe Frankfurt, Stand E22 in Hall 3.0), as it continues to pursue growth after strategic developments under the UK and EU umbrella. WAI will display its rotating electrics range, window regulators, wiper motors, ignition products and engine management products – along with its EV charging cables and portable charging solutions.
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European Commission approves Romanian state aid for Nokian Tyres factory
The European Commission has approved Romanian state aid worth 99.5 million euros (RON 495.2 million) to support the construction of Nokian Tyres’ new zero-CO2 tyre factory in Oradea, Romania – the first such factory in the world. Nokian Tyres says its total investment in the project is worth 650 million euros. Construction started in May 2023. Once completed the factory will produce approximately 6 million tyres per year with the potential for future expansion. The first tyre was produced on 1 July 2024. Commercial production is due to start in early 2025.
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TyreXpo Asia 2025 ‘almost sold out’ ahead of March opening in Singapore
The organisers of TyreXpo Asia are warning that exhibitor space is getting limited for the 12-14 March 2025 event in Singapore (Marina Bay Sands Convention Centre). Informa Markets will follow up its 2024 Show in Bangkok and last year’s international tyre market exhibition in Singapore in Halls D-F, rather than A-C, creating an additional 3,000 sqm of exhibition space, a move it says it made “due to high demand.”
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Goodyear invests US$419 million expanding its Canadian tyre factory
The Goodyear Tire & Rubber Company is investing over 575 million Canadian dollars - CAD (£367 million; 382 million euros; US$419 million) modernizing its Napanee, Ontario, plant “to meet the evolving and diverse needs of the electric vehicle (EV) and all-terrain markets”.
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Fleet demand softening in Europe, but ‘inflection’ coming
Analysts believe that freight markets will improve over time as capacity reduces and demand increases, but the consensus is that this will largely be felt in 2025 rather than right now. “We are in a drawn-out stage of carrier attrition. We saw some signs of spot market movement but nothing suggesting an immediate shift in the market. Were encouraged to see positive signs but need more evidence before we call an inflection”, Jefferies analysts wrote in an investor’s note dated 6 August 2024, adding:
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Fleet achieves 50,000 autonomous long-haul trucking miles on Bridgestone tyres
In the U. S., J. B. Hunt Transport Services, Inc., Bridgestone Americas and Kodiak Robotics, Inc., have celebrated an ongoing collaboration that has surpassed 50,000 autonomous long-haul trucking miles, incorporating Kodiak autonomous trucks to ship Bridgestone passenger car tyres between South Carolina and Dallas. Since launching in January, the autonomous route has been driven with no accidents and achieved 100 per cent on-time pick-up and delivery, according to the companies.
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Toyo Tire reports 78% increase in operating income in Q2 2024 results
Toyo Tire Corporation reported net sales of 273,501 million yen in consolidated business results for the second quarter of 2024 ended 30 June. That figure is up 3 per cent to 8,044 million yen compared with the same period in 2023.
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