![LKQ Corporation names Hamilton SVP of LKQ and European MD](https://www.tyrepress.com/wp-content/uploads/2023/12/Andy-Hamilton.jpg)
LKQ Corporation names Hamilton SVP of LKQ and European MD
Andy Hamilton, currently chief executive officer of LKQ UK & Ireland, is to become senior vice president of LKQ as well as president and executive managing director of LKQ Europe from 1 January 2024. The news follows the announcement last week that Justin Jude was to succeed Dominick Zarcone as president and CEO of LKQ Corporation on 1 July 2024.
Continue Reading![Remember This? – December 2023](https://www.tyrepress.com/wp-content/uploads/2021/06/Dec-2013-full-CROPPED-FC.png)
Remember This? – December 2023
Our monthly magazine column looks back at the biggest news events from the tyre industry five, 10, 15 and 20 years ago. Click the month and year to access the digital edition of the relevant issue of the magazine from Tyres & Accessories expanding digital archive.
Continue Reading![New VMI Southeast Asian service centre](https://www.tyrepress.com/wp-content/uploads/2023/12/Opening-VMI-Thailand-2023-sml.jpg)
New VMI Southeast Asian service centre
VMI has officially opened its new Southeast Asian service centre in Chonburi, Thailand. The machinery manufacturer says the move from smaller premises to the high-tech facility reflects its “commitment to support the industry in this increasingly important region.” The new service centre will serve the growing needs of VMI customers in the entire Southeast Asian region.
Continue Reading![ZC Rubber adjusts 5G factory product structure](https://www.tyrepress.com/wp-content/uploads/2023/12/ZC-Rubber.jpg)
ZC Rubber adjusts 5G factory product structure
Recently, Chinese tyre manufacturer ZC Rubber said it would adjust the product structure of its factory in Qiantang District, Hangzhou. The factory is a new 5G digital factory built by ZC Rubber.
Continue Reading![Cheng Shin’s revenue in the first 9 months fell](https://www.tyrepress.com/wp-content/uploads/2023/12/Chengshin.jpg)
Cheng Shin’s revenue in the first 9 months fell
Recently, Cheng Shin Rubber held a third-quarter briefing meeting. As of September 30, 2023, the company can produce 23,000 all-steel radial tyres and 179,000 semi-steel radial tyres per day. From January to September, the tyre manufacturer’s revenue and net profit were approximately NT$73.5 billion (about £1.85 billion; €2.16 billion) and NT$5.6 billion (about £140 million; €160 million).
Continue Reading![Birla Carbon celebrates Cubatão, Brazil plant’s 65th anniversary](https://www.tyrepress.com/wp-content/uploads/2023/12/flag-742573_1920.jpg)
Birla Carbon celebrates Cubatão, Brazil plant’s 65th anniversary
Birla Carbon celebrated the 65th anniversary of its Cubatão Plant in November 2023. Located in the state of São Paulo, 12 kilometres from the seaport city of Santos, the Cubatão plant has reportedly played a crucial role in Birla Carbons global operations.
Continue Reading![AEB market to reach $68.25 billion by 2033](https://www.tyrepress.com/wp-content/uploads/2023/12/porsche-1851246-scaled.jpg)
AEB market to reach $68.25 billion by 2033
In 2022, the automotive emergency braking (AEB) systems market was estimated to be worth US$29.52 billion. And the industry is projected to be valued at $31.61 billion by the end of 2023, both figures according to a recently published Future Market Insights report. In addition, the global market for AEB systems will likely expand at an 8 per cent compound annual growth rate (CAGR) over the course of the next decade, with a projected value of $68.25 billion by 2033.
Continue Reading![Gislaved – new name for Continental Kaluga plant](https://www.tyrepress.com/wp-content/uploads/2023/12/Gislaved-sml.jpg)
Gislaved – new name for Continental Kaluga plant
The former Continental tyre factory in Kaluga, Russia is taking on the Gislaved name and will operate under the management of Cordiant Joint Stock Company. Of the three brands the previous owner produced within the Kaluga plant, Gislaved is the only one for which S8 Capital gained usage rights when acquiring Continental’s Russian assets.
Continue Reading![Hella buys out TMD Friction’s Hella Pagid joint-venture shares](https://www.tyrepress.com/wp-content/uploads/2023/12/20231128_HELLA_Pagid_Press_Release_Image-700px.jpg)
Hella buys out TMD Friction’s Hella Pagid joint-venture shares
TMD Friction and Hella have agreed to transfer the 50 per cent share currently held by TMD Friction in the brake joint venture Hella Pagid to Hella. Hella will thus become the sole shareholder of Hella Pagid. Founded in 2013, Hella Pagid, a joint venture between automotive supplier Hella and brake friction manufacturer TMD Friction, sells brake components and accessories on the global automotive aftermarket. The purchase price has not been disclosed.
Continue Reading![Linglong gives Serbian factory progress update amidst third factory plans](https://www.tyrepress.com/wp-content/uploads/2023/12/Serbia.jpg)
Linglong gives Serbian factory progress update amidst third factory plans
Linglong reports that it is “conducting on-site inspection, analysis and comparison of the third overseas base”, according to a statement released to institutional investors. However, behind the headline-grabbing references to a new further overseas factory which may well be in “the Americas”, Tyrepress China noticed that the tyre manufacturer revealed multiple details about progress with the Serbian factory. Specifically, Linglong said: “Many customers are looking forward to supplies from Serbia and are pressing for them. The company will speed up the construction progress in Serbia”.
Continue Reading![Synthos & Kumho Tire jointly developing sustainable rubber](https://www.tyrepress.com/wp-content/uploads/2023/12/Synthos-Kumho-sml.jpg)
Synthos & Kumho Tire jointly developing sustainable rubber
Kumho Tire and synthetic rubber manufacturer Synthos have signed a Memorandum of Understanding (MOU) for the joint development of sustainable tyre raw materials. Under the MOU, the two companies will conduct a joint research and development project for Neodymium-Butadiene rubber using Bio-Butadiene and expand the use of environmentally friendly synthetic rubber in tyre manufacturing.
Continue Reading![Joe Burke named Goodyear vice president, North America commercial](https://www.tyrepress.com/wp-content/uploads/2023/12/joe-burke-20231130-scaled.jpg)
Joe Burke named Goodyear vice president, North America commercial
The Goodyear Tire & Rubber Co has appointed Joe Burke vice president of its North America Commercial business. He reports to Steve McClellan, president, Goodyear Americas. Burke succeeds Dave Beasley, retiring after nearly 40 years with Goodyear.
Continue Reading![Yokohama Geolandar supports two 2023 class championship winners in US off-road racing](https://www.tyrepress.com/wp-content/uploads/2023/11/2023113015ms001_2_2-scaled.jpg)
Yokohama Geolandar supports two 2023 class championship winners in US off-road racing
Two vehicles equipped with Yokohama Geolandar tyres for SUVs and pickup trucks captured class championships in two United States off-road racing series: Best In The Desert’s Trick Truck class and the ULTRA4 Racing’s 4900 UTV Pro Mod class. Best In The Desert is the largest off-road racing series in North America, with two-wheel and four-wheel vehicles compete in more than 50 different classes. The Trick Truck class championship was won by Jonathan Brenthel driving a truck fitted with Geolandar M/T G003 tyres.
Continue Reading![Pickleball is Blimpworthy: Goodyear](https://www.tyrepress.com/wp-content/uploads/2023/11/PPA-x-GY-BLIMP-11-scaled.jpg)
Pickleball is Blimpworthy: Goodyear
The Goodyear Blimp will appear in the skies at a Professional Pickleball Association (PPA Tour) tournament on Sunday, 3 December after the manufacturer deemed the booming paddle sport “Blimpworthy”. The Blimp has been a mainstay at some of the world’s iconic sporting events for more than 65 years, offering exceptional aerial views.
Continue Reading![Birla Carbon celebrates Cubatão Plant, Brazil’s 65th anniversary](https://www.tyrepress.com/wp-content/uploads/2020/10/59_QWJzdHJhY3QgYmFja2dyb3VuZCB3aXRoIGVhcnRoLmpwZw-scaled-e1602237450291.jpg)
Birla Carbon celebrates Cubatão Plant, Brazil’s 65th anniversary
Birla Carbon is celebrating the 65th anniversary of its Cubatão Plant. Located in São Paulo, Brazil, 12km from the seaport city of Santos, the plant is crucial to Birla Carbons global operations, contributing to the companys position as a key player in the carbon black industry in the South American market, the company said.
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