Aeolus executive vice president retires
Aeolus executive vice president, Zhang Xiaoxin, has retired. The tyremaker expressed gratitude for Zhang Xiaoxin’s “diligent work” and “contributions to the company” during his tenure but did not disclose who would be the successor to the position.
Continue Reading
Guangrao Jixing changes name to Heda Rubber, starts production
After acquiring Guangrao Jixing under Doublestar, Huasheng Rubber has changed the facility’s name to Heda Rubber. On 18 November, Heda Rubber started manufacturing and the first passenger car radial tyres rolled off the production line. Zhang Shulin, chairman of Huasheng Rubber Group, and Zhao Ruiqing, general manager attended the first tyre roll-off ceremony.
Continue Reading
CTS Group raises 112 million euros to back growth
Circular Tire Services Europe Holding (CTS Group) has completed the inaugural issuance of senior secured bonds totalling 1.3 billion Swedish krone (£93.717 million; 112.176 million euros; US$118.491 million). Net proceeds from the bond issue will be used to “refinance existing debt and for general corporate purposes” including mergers and acquisitions, with company representatives saying the financing provides a “foundation for future growth driven by M&A and organic initiatives.”
Continue Reading
Aeolus offering 37.00 R57 giant tyres
Aeolus Tyre has expanded its giant OTR portfolio to include a size 37.00 R57 product, the Aeolus AG01 Pro. The Sinochem Holdings subsidiary produced the first of these tyres at its Jiaozuo factory in China on 22 September. In this size, the AG01 Pro has a diameter of 3.4 metres, weighs approximately 3.4 tonnes and is designed for use on 180 to 200-tonne mining heavy-duty dump trucks.
Continue Reading
Indoor alternative – Smithers invests in SOVAT machine
Smithers has invested in a state-of-the-art Simulated On-Vehicle Acceleration Testing (SOVAT) machine, which the testing, consulting, information, and compliance services firm recently debuted at its Smithers Suzhou, China laboratory. The SOVAT machine results from joint work with vehicle and tyre manufacturers and aims, says Smithers, to address “tyre testing pain points.” Specifically, it provides an indoor, repeatable alternative to on-vehicle tyre testing for treadwear, breaking in, chip and chunk and road hazard endurance, a process that can be time-consuming and inconsistent. Smithers says the SOVAT machine provides results “in a fraction of the time.”
Continue Reading
JK Tyre joins RE100
JK Tyre & Industries has become the first Indian tyre maker to join the global corporate renewable energy initiative RE100, and just the 16th business of any type within the country. Company Chairman and Managing Director, Dr Raghupati Singhania, states that JK Tyre’s decision to join RE100 “represents our unwavering commitment to environmental responsibility.
Continue Reading
Indian tyremakers expected to achieve 7-8% sales growth
Tyre manufacturers are likely to see revenue growth of between 7 and 8 per cent this financial year, according to Crisil Rating data. The sales growth has reportedly been driven by a 3 to 4 per cent increase in both “realisations and volume”. Revenue will grow at “a single digit for the second straight year (albeit nearly double that of last fiscal)”, according to the analysts, who added that the results come in the context of growth “at a compound annual growth rate of 21 per cent between fiscals 2021 and 2023”.
Continue Reading
Yalla Tyre adopts Anyline technology
Yalla Tyre, a leading online retailer in the UAE, has partnered with Anyline to utilise its AI-powered mobile data capture technology. YallaTyre.com, an Abdulla Al Masaood & Sons (AMS) Group company, is the first e-commerce retailer in the region to bring this technology to customers.
Continue Reading
Sumitomo USA recalls 150 Falken tyres
In America, Sumitomo Rubber USA, LLC (Sumitomo) is recalling certain Falken WildPeak AT4W size 275/60R20 115T tyres. According to documents filed with the US National Highway Traffic Safety Administration (NHTSA), 150 tyres are affected.
Continue Reading
Transense and Tiretask partner in fleet technology
Transense Technologies plc has partnered with German software firm Tiretask GmbH to release an “all-in-one tyre management solution to the UK, North America and Australia”. According to the two companies, the collaboration introduces “a powerful, integrated tyre management system that combines Translogik’s highly respected tyre inspection tools with Tiretask’s advanced digital management software”.
Continue Reading
European, regional funding for Bolder Industries’ Antwerp ELT project
It may be behind schedule, but Bolder Industries is pressing ahead with plans to set up a pyrolysis facility in Antwerp for obtaining raw materials from end-of-life-tyres, and its efforts have been given a boost in the form of a 32 million euro grant by the European Commission through the EU Innovation Fund pilot programme. This is further supplemented by a 2 million euro grant from Belgium’s Flanders region. The funding will enable the construction of Bolder’s European facility at the Port of Antwerp, a plant capable of recycling over four million end-of-life tyres annually.
Continue Reading
Sibur starts work on 350 tonne per year n-Butyllithium plant
Petrochemicals company Sibur has commenced construction of Russia’s largest industrial facility for producing n-Butyllithium, a key catalyst used in the manufacture of thermoplastic elastomers and synthetic rubbers, such as the styrene-butadiene (SBR) rubbers utilised in tyre production. The use of n-Butyllithium also plays a key role in the production of butadiene (SKD-L) and thermoplastic elastomers (SBS). The aim of this project is to ensure technological independence when making these products while opening up opportunities for developing several sectors.
Continue Reading
MTF Tyre expands product portfolio
Meghna Innova Rubber Company, the company behind Bangladeshi tyre brand MTF Tyre, has expanded its activities into the truck and bus tyre and agricultural tyre segments. Local newspaper The Business Standard writes that the Meghna Group subsidiary has invested BDT13 billion (£85.3 million) into the project, with 80 per cent of the investment going towards new tyre building machinery.
Continue Reading
Strong sales Q3 sales and profit growth for Yokohama
For the first three quarters of 2024, The Yokohama Rubber Co. Ltd. reported sales revenue of ¥782,906 million (+13.1% year-on-year), and business and operating profit of ¥85,772 million (+63.8% YoY). Tire segment sales revenue totalled ¥701,243 million (+14.4% YoY), accounting for 89.6 per cent of Yokohama Rubber Group’s consolidated sales revenue.
Continue Reading
ETRMA expresses regret towards EUDR delay
The EU Council has agreed to postpone the application of the EU Deforestation Regulation (EUDR) by 12 months, a decision that the European Tyre and Rubber Manufacturers Association “regrets”. The tyre makers’ representative believes that pushing back the start dates “brings a new phase of uncertainty” into an industry that “needs predictability, and action from the European Commission to bring further clarity and solve the remaining issues standing in the way of a full and fair implementation of the Regulation.”
Continue Reading