Phase 2 expansion begins following Haohua Vietnam inauguration
Some six weeks after the actual start of production at the Haohua Vietnam Co., Ltd tyre factory, company officials hosted national and local dignitaries for the facility’s inauguration on 14 December. During the ceremony, the company shared details about the planned second phase of development at the site.
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Ecolomondo awaits replacement milling line
With the installation of a new milling line at its Hawkesbury site in Canada, Ecolomondo Corporation will have the capacity to mill an additional tonne or so (2,200 lbs) of recovered carbon black (rCB) hourly. This milling line replaces a previously installed line which failed to achieve the promised output of 725 kg (1,600 lbs) per hour of rCB and additionally didn’t yield the particle size of 10-15 microns required by many Ecolomondo rCB off-takers.
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Tyres & Accessories launches new long-term analysis publication, Trends & Facts
Tyre Industry Publications, the publisher of the market-leading monthly magazine for tyre and wheel professionals, Tyres & Accessories, has produced a new special publication examining some of the long-term trends from the tyre business in detail. Trends & Facts takes a long-term view of topics such as the online tyre business, dynamics in the passenger car and light truck tyre segments, and the state of tyre manufacturing in Russia to take the temperature of the wider tyre sector in 2024. It is the perfect complement to Tyres & Accessories’ blend of industry stories and market analysis. Available as a standalone publication for instant download, the magazine is offered as a membership benefit to all existing and new subscribers to Tyres & Accessories (print and digital) or Tyrepress (digital only) - see our subscription shop to find out how to become a member today.
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MAN ends OE tyre supply cooperation with Linglong; VW reviewing facts
Around a year and a half ago, Germany’s Deutschlandfunk radio reported on the alleged disregard for environmental social rights by Chinese tyre manufacturer Shandong Linglong in connection with the construction of its new production plant in Serbia, which was commissioned in mid-2022 and opened in early 2023. A few weeks ago, the Tagesspiegel made similar accusations against the company, and now Managermagazin has turned its attention to this topic and the accusations made against the supplier in connection with the construction of its new plant, which range from human rights violations to human trafficking.
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Charges dropped in tyre wholesaler fire case
Criminal proceedings have been dropped against the pyrotechnician whose fireworks hit the headlines following a major blaze at Germany’s largest tyre wholesaler, Reifen Göggel. The pyrotechnician was charged with negligent arson after a fire broke out during the wedding celebration of then-company owner Bruno Göggel in July 2022. The blaze caused 22 million euros of damage to Reifen Göggel’s facility in Gammertingen, Baden-Württemberg.
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Sailun to reduce risk with currency hedging programme
Sailun Group Co., Ltd. has authorised a foreign exchange hedging programme to mitigate risks from currency fluctuations affecting its operations, particularly those related to US dollar and euro denominated transactions. The programme, approved by the company’s Board of Directors on 13 December and confirmed by its Supervisory Board, allows for transactions up to RMB 6 billion (£653.1 million) or its equivalent in foreign currencies between 1 January and 31 December 2025.
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Sailun Group implements Shareholder Return Plan
Sailun Group is introducing a mechanism outlining its approach to profit distribution, which balances the need for long-term development with that of delivering reasonable returns for shareholders. Specifically, the new Sailun Group Co., Ltd. Shareholder Return Plan (2025-2027) aims to encourage long-term investment and sustainable growth, provide stable returns to investors, align the company’s activities with regulatory requirements, and enhance decision-making and policy stability.
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Remember This? – December 2024
Stories from the past 20 years of T&A: Our monthly magazine column looks back at the biggest news events from the tyre industry five, 10, 15 and 20 years ago. This months edition looks back to November issues from 2004, 2009, 2014, and 2019 for some of the biggest tyre industry news of those months. Click the month and year to access the digital edition of the relevant issue of the magazine from Tyres & Accessories’ expanding digital archive. December 2019: Continental held a topping out ceremony at its new HQ in Hannover, Germany.
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Tyre News in Numbers December 2024
Tyres & Accessories’ monthly News in Numbers column identifies the most important statistics of the month, giving you a quick snapshot of some major industry stories. Below, we look at the numbers, big and small, that made the news in the December 2024 magazine. Click the embedded links to read more on each article... €44 billion: The extent of the European tyre industry’s contribution to the regional economy last year, according to a report prepared for the European Tyre and Rubber Manufacturers Association (ETRMA)...
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Tyres & Accessories December 2024 issue out now in print and online
The December 2024 issue of Tyres & Accessories is available now for Tyrepress subscribers to read online or download. In this issue we present the latest analysis, partnerships and product news from the fleet tyre segment, with a particular focus on light commercial vehicles, and tyre manufacturing and raw materials. Also featuring the latest news and analysis from the international tyre business, this issue includes an analysis of the latest report from one of the UKs largest retail chains, Halfords. 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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Cofo establishes Vietnam tyre factory
Cofo is building a manufacturing base in Vietnam with an annual output of 160,000 all-steel radial tyres and 800,000 semi-steel radial tyres. Li Shengfa, the company’s head, revealed in an interview with local media that “choosing to build a factory overseas will improve the supply of domestic and foreign markets to a certain extent, and will also help to absorb advanced technology and experience, to better develop and adapt to overseas markets”.
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Linglong celebrates Thai tyre factory’s 10th anniversary
On 30 November 2024, Linglong held a global partner meeting in Spain to commemorate the 10th anniversary of the opening of Linglong’s Thailand tyrefactory. Linglong chairman Wang Feng attended the meeting. In his speech, he reviewed the glorious journey and remarkable achievements of Linglong Thailand in the past ten years and expressed his heartfelt gratitude to global partners.
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Vipal Rubber wins 2024 Biggest & Best in Transport award
In Brazil, Vipal Rubber has won the 2024 Biggest & Best in Transport award, promoted by OTM Editora, in the Tyre Retreading and Supplies category. The award was received by Ivanir Canevese, commercial director for the domestic market, at a ceremony held on 26 November at the Unique Hotel in São Paulo.
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German taxpayers funding Indian tyre factory expansion
Tyre manufacturers have announced the closure of several factories within Germany in recent times, not least as a result of cost competitive competition from abroad. This has not stopped the Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a development bank indirectly owned by Germany’s federal and state governments, from providing JK Tyre & Industries Ltd with a long-term loan of 30 million euros to help it expand a plant in India.
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Nexen Tire sponsors FC Bayern München
Nexen Tire has announced a strategic global marketing partnership with Germany’s premier football club, Bayern München, which will commence in the second half of the 2024-2025 season. FC Bayern München is one of the most successful clubs in Germany’s Bundesliga, having won a record six Union of European Football Associations (UEFA) Champions League titles.
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