![Why Doublestar’s Kumho purchase is a good idea](https://www.tyrepress.com/wp-content/uploads/2018/04/doublestar-kumho-logo.jpg)
Why Doublestar’s Kumho purchase is a good idea
15 months after bidding got underway, Qingdao-based Doublestar and its consortium of Chinese banks and investors bought 45 per cent of the South Korean tyremaker Kumho Tire over the Easter weekend. Whatever other clauses are written into the deal, following the release of shares issued for the purpose of the sale, Kumho Tire’s creditors will own a 23.1 per cent shareholding in the tyre maker, down from 42.01 per cent. This makes the Chinese tyre firm controlling shareholders in South Korea’s Kumho Tire.
Continue Reading![Hankook Technodome gains ISO/IEC 17025 certification](https://www.tyrepress.com/wp-content/uploads/2018/04/hankook-technodome.jpg)
Hankook Technodome gains ISO/IEC 17025 certification
Hankook Tire shares that its state-of-the-art research and development centre in South Korea, the Hankook Technodome, has been granted ISO/IEC 17025 certification from A2LA (American Association for Laboratory Accreditation).
Continue Reading![Falken drift driver James Deane returns to defend Formula Drift title](https://www.tyrepress.com/wp-content/uploads/2018/04/Falken-Worthouse-Drift-Team.jpg)
Falken drift driver James Deane returns to defend Formula Drift title
Falken drift driver and 2017 Formula Drift champion James Deane returns to the defend his title crown this week at the opening round of Formula Drift (6-7 April 2018, Long Beach, California). The Irish driver will race for the Worthouse Drift Team in his Falken Tire Nissan S15 drift car. He steered the car to four victories during the 2017 season, which led to his championship title and Falken being named Tire Manufacturer Champion for the second consecutive year.
Continue Reading![Startup Challenge joining Movin’On summit](https://www.tyrepress.com/wp-content/uploads/2018/04/movinon-logo.jpg)
Startup Challenge joining Movin’On summit
For its second edition, the Movin’On sustainability mobility summit will include a global Startup Challenge. Finalists in the Startup Challenge – up to 50 startups in total – will showcase their technologies between 30 May and 1 June, demonstrating how they can impact the future of sustainable mobility.
Continue Reading![Yokohama Tire continues US baseball sponsorship](https://www.tyrepress.com/wp-content/uploads/2018/04/yokohama-angels.jpg)
Yokohama Tire continues US baseball sponsorship
Yokohama Tire Corporation’s sponsorship of US Major League Baseball team the Los Angeles Angels extends to a full decade with the signing of a further agreement covering the 2018 to 2020 seasons. The new three-year agreement continues a partnership that began in 2011. Under the agreement, the Yokohama logo will be displayed at the Angels’ home stadium.
Continue Reading![Global Retreading Conference comes to Tire Cologne](https://www.tyrepress.com/wp-content/uploads/2018/03/retreading.jpg)
Global Retreading Conference comes to Tire Cologne
One of the latest additions to the Tire Cologne programme is the Global Retreading Conference. According to its organisers, the European retreading association BIPAVER, “the best experts from around the world, the most important technologies, trends and developments and the best cases from all important markets” will be discussed.
Continue ReadingContinental launching ContiConnect TPMS in Malaysia
Continental Malaysia reports that it is pioneering its intelligent in-tyre sensor in the Asia-Pacific (APAC) market. Announcing the news, Continental says it is committed to “creating the best holistic solutions [for] customers by enhancing its value chain through digitalization [and] connecting intelligent products, systems and services.”
Continue ReadingVMI exhibiting retreading equipment at Tire Cologne
VMI reports that it is paying special attention to retreading at Tire Cologne, taking advantage of the fact that the show has a dedicated retreading hall and the Global Retreading Conference running alongside it. Organized by Koelnmesse and the European retreading association BIPAVER, the global conference for the retreading industry will take place for the very first time in the context of The Tire premiere in Cologne.
Continue Reading![Goodyear FACEs the future with new tyre concepts](https://www.tyrepress.com/wp-content/uploads/2018/03/IMG_7026-e1522245014478.jpg)
Goodyear FACEs the future with new tyre concepts
Goodyear’s latest concept tyre, introduced at the 2018 Geneva International Motor Show in March, once again sees the company look forward in a bid to lead discussions relating to the future of mobility. However, this also has an inevitable impact on the future of the tyre industry – which is where Goodyear’s FACE (Fleet Autonomous Connected Electric) acronym comes in. More on that later. First, the headline grabbing products – the Oxygene and the EfficientGrip Performance with Electric Drive Technology.
Continue ReadingNo extension for Kumho Tire receivership deadline
Sale agreement or receivership – according to creditors, 30 March remains the deadline for Kumho Tire. Yonhap News Agency writes that Lee Dong-gull, chairman and chief executive officer of the Korea Development Bank, has ruled out an extension to this deadline. This means that should its labour union not agree to Qingdao Doublestar Tire’s purchase of a 45 per cent share in the company, from Monday 2 April Kumho Tire will be bankrupt and placed under court receivership.
Continue Reading![BKT launches Xtractor 2018 website](https://www.tyrepress.com/wp-content/uploads/2018/03/xtractor.jpg)
BKT launches Xtractor 2018 website
A tractor isn’t the first vehicle that springs to mind when planning a 4,000-mile odyssey through South Africa that passes through national parks, along gold mines and over plateau, however this is the transport of choice for the 16-strong team taking part in Xtractor 2018. Early next week, four McCormick tractors will depart Cape Town on this 49-day on- and off-road journey, riding on the Agrimax Force and Agrimax RT 657 rubber provided by Xtractor tyre partner BKT. The off-road tyre specialist has created a mini-website where all interested parties can follow the team’s progress; regular updates and real time news from Xtractor 2018 can be found at Xtractor.bkt-tires.com.
Continue Reading![Two months to go before debut Tire Cologne](https://www.tyrepress.com/wp-content/uploads/2018/03/tire_18_007_034.jpg)
Two months to go before debut Tire Cologne
The inaugural Tire Cologne show is approaching fast, and the preparations of Koelnmesse and the exhibitors for the leading industry event are in full swing. On 29 May 2018, the new trade fair for tyres and wheels will finally open its doors in Cologne. With this in mind, Koelnmesse is supporting exhibitors and visitors with their trade fair preparations with a variety of travel planning services and selected accommodation and leisure options in and around Cologne.
Continue Reading![Enjoy: Cologne an opportunity to grow influence](https://www.tyrepress.com/wp-content/uploads/2018/03/624200282339374321-Final.jpg)
Enjoy: Cologne an opportunity to grow influence
The all-new Tire Cologne Show in Germany taking place in May represents “the perfect opportunity for…Enjoy Tyre to further expand their growing trading influence in Europe through their popular Private Brands – Rotalla and Routeway”, company representatives said in a statement ahead of the show.
Continue ReadingS Tyres Ltd goes hosted with CAM Cloud
Cork-based S Tyres Ltd. is investing in CAM Cloud to host its Cameo POS, stock, billing and ledgers system. According to the company, hosted Cameo will provide the Republic of Ireland’s premier Bandag agent with a managed service that ensures quality, hassle-free maintenance of its server and backup solution. It will enable S Tyres to connect directly with key partners such as Bridgestone.
Continue Reading![Kumho Tire acquisition: Is a tyre maker behind Tire Bank bid?](https://www.tyrepress.com/wp-content/uploads/2018/03/tire-bank.jpg)
Kumho Tire acquisition: Is a tyre maker behind Tire Bank bid?
The latest news from South Korea suggests that local tyre distributor and retail network operator Tire Bank Co. Ltd. would like to purchase the Kumho Tire shareholding that China’s Qingdao Doublestar Tire is currently negotiating to acquire from creditors. The unexpected appearance of the Daejeon-based firm, which hinted it may bid together with one or more partners, further complicates an already drawn out and difficult transaction.
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