![Nankang provides off-take tyres to Federal, appoints new leadership](https://www.tyrepress.com/wp-content/uploads/2023/11/Federal-550x268-1.jpg)
Nankang provides off-take tyres to Federal, appoints new leadership
On 1 November, Federal Corporation announced that chairman and general manager Chen Heng Kuan resigned. Recently, the tyre manufacturer’s board of directors appointed new leaders. Starting 9 November, Kuo Lin-Liang, chairman of Nankang Tire, will become chairman of Federal. Chung Cheng-Yen, an executive assistant to the chairman of the Federal, assumes the general manager position.
Continue Reading![Wanli increases Guangzhou tyre factory capacity to 30 million units](https://www.tyrepress.com/wp-content/uploads/2023/11/wanli-2.jpg)
Wanli increases Guangzhou tyre factory capacity to 30 million units
Recently, Wanli Tire stated that to meet market demand, it plans to carry out a third phase expansion project in the vacant land reserved by its Guangzhou factory. According to the plan, the construction of the expansion project will be divided into two phases, adding a production capacity of 12 million semi-steel radial tyres.
Continue Reading![Goodyear values Dunlop at ~$0.7 billion](https://www.tyrepress.com/wp-content/uploads/2023/11/slide9_1280p.png)
Goodyear values Dunlop at ~$0.7 billion
Following the news that Goodyear is planning to raise around $2 billion from the sale of Dunlop as well as its OTR tyre and chemicals businesses, the company revealed further details during a follow-up conference call. The financially biggest part of the recently-unveiled Goodyear Forward business transformation plan is the proposed sale of Dunlop, plus the OTR tyre and chemicals businesses. Goodyear estimates that these areas are worth around $0.7 billion, $0.7 billion and $1 billion in annual sales respectively.
Continue Reading![Kenda breaks ground on new Martin Wheel manufacturing plant in Ohio](https://www.tyrepress.com/wp-content/uploads/2023/11/kenda-martin-wheel-ohio.jpeg)
Kenda breaks ground on new Martin Wheel manufacturing plant in Ohio
Kenda has broken ground on the construction of a new 198,000 sq ft Martin Wheel manufacturing facility in Brimfield Township, Ohio, USA. In a social media post announcing the start of construction, the Taiwan-headquartered tyre and wheel firm said the facility, which will contain a plant, warehouse and office space will support growing demand for speciality tyres and wheels in the United States. and is set to be operational in 2024.
Continue Reading![Pirelli inaugurates Mexico R&D centre](https://www.tyrepress.com/wp-content/uploads/2022/11/Stabilimento-Pirelli_Silao_Messico_2.png)
Pirelli inaugurates Mexico R&D centre
Last year Pirelli said that it would invest $15 million over a period of two years, in a specialist 6,000 square-metre R&D centre alongside its Silao, Mexico tyre factory. Now, that centre has been officially inaugurated.
Continue Reading![Goodyear “pursuing strategic options” to Dunlop, OTR tyres and Chemical business in $2 billion “portfolio optimisation”](https://www.tyrepress.com/wp-content/uploads/2023/10/Goodyear-placeholder-2.jpg)
Goodyear “pursuing strategic options” to Dunlop, OTR tyres and Chemical business in $2 billion “portfolio optimisation”
The Goodyear Tire & Rubber Company is unveiling its “Goodyear Forward” transformation plan, which – precipitated by the now infamous Elliott letter – is designed to – “optimize its portfolio, deliver significant margin expansion and reduce leverage to drive sustainable and substantial shareholder value creation”. First off, that means generating “gross proceeds in excess of $2 billion” from pursuing a “strategic alternatives for its Chemical business, the Dunlop brand and the Off-the-Road equipment tyre business.” The business will also continue with a new CEO following the parallel announcement of the retirement of current CEO Richard J. Kramer.
Continue Reading![Kramer to retire after 24 years with Goodyear](https://www.tyrepress.com/wp-content/uploads/2023/04/Goodyear-Kramer.jpg)
Kramer to retire after 24 years with Goodyear
Richard J. Kramer has informed Goodyear’s board of his plans to retire as chairman, CEO and president of the company in 2024. Goodyear described Kramer’s retirement as “planned” and added that the subject has been “previously discussed with the board as part of the company’s ongoing and active succession planning process”. No successor has been named, but, as part of those plans, “the Goodyear Board retained a leading executive search firm to execute a search considering both internal and external candidates”.
Continue Reading![Goodyear Kmax S, D Gen-2 17.5 -19.5” range debuts at Solutrans 2023](https://www.tyrepress.com/wp-content/uploads/2023/11/print-res-kmaxsg25-25degreefull-hr-7000px-rim-scaled-e1700016319322.jpg)
Goodyear Kmax S, D Gen-2 17.5 -19.5” range debuts at Solutrans 2023
Goodyear will launch the new Kmax S (steer) and D (drive) Gen-2 17.5” and 19,5” commercial vehicle tyres at French commercial vehicle trade show Solutrans 2023 (21-25 November, Lyon; Hall 5, Location A031). Goodyear has enhanced the fuel efficiency of its second-generation Kmax range. The manufacturer says the enhancements to its product range respond to evolving market demands like emission reduction and electrification, as well as reducing costs. The Gen-2 steer and drive Kmax tyres will be available from the beginning of 2024.
Continue Reading![Goodyear UltraGrip Ice 3 victorious in multiple Nordic winter tyre tests](https://www.tyrepress.com/wp-content/uploads/2023/11/231031ultragripice3testwinlabels-v2-1.png)
Goodyear UltraGrip Ice 3 victorious in multiple Nordic winter tyre tests
Goodyear’s new Nordic friction – or non-studded – winter tyre, the UltraGrip Ice 3 has gained several podium positions in the 2023 winter tyre testing season. The tyre won two Finnish tests from magazines Moottori and Tekniikan Maailma, and claimed second place in the tests conducted by Swedish magazines Vi Bilägare and Teknikens Värld. The Goodyear UltraGrip Ice 3 incorporates a range of the manufacturer’s latest winter tyre technologies, including Ice Grip technology, Ice Handling+ technology, and Snow Braking technology.
Continue Reading![Apollo Tyres signs Ceva Logistics distribution partnership in France](https://www.tyrepress.com/wp-content/uploads/2023/11/TBR-Apollo_72dpi_1280x853px_E_NR-8114-1.jpg)
Apollo Tyres signs Ceva Logistics distribution partnership in France
Apollo Tyres has signed a new tyre distribution deal with leading logistics provider Ceva Logistics in France. Apollo began integrating Ceva Logistics into its supply chain in May, since which it says it has cut average lead times to under four days. Apollo adds that the partnership has improved the overall ordering and delivery experience for customers. Ceva Logistics focuses on fulfilling orders of between six and 40 tyres from Apollo Tyres’ warehousing facilities in Enschede, the Netherlands. Larger Apollo orders will continue to be fulfilled by an existing, well-proven partner that typically collects from Apollo Tyres’ factory in Hungary.
Continue Reading![Apollo will showcase new EnduRace RA 2 and EnduMile LHT tyres at Solutrans](https://www.tyrepress.com/wp-content/uploads/2023/11/Solutrans-1.png)
Apollo will showcase new EnduRace RA 2 and EnduMile LHT tyres at Solutrans
Apollo Tyres will showcase its new EnduRace RA 2 and EnduMile LHT tyres at France’s leading heavy and light commercial vehicle show, Solutrans (Lyon, 21-25 November; Stand 119, Hall 3C). Apollo will also exhibit its popular EnduRace RT 2 truck trailer tyre range, which has recently been expanded with the introduction of a 385/55 size option.
Continue Reading![Yokohama Advan tyres propel JLOC Lamborghini to GT300 victory in Japanese touring car series](https://www.tyrepress.com/wp-content/uploads/2023/11/yoko-jloc.jpg)
Yokohama Advan tyres propel JLOC Lamborghini to GT300 victory in Japanese touring car series
Yokohama’s Advan tyres helped the JLOC Lamborghini GT3, driven by Takashi Kogure and Yuya Motojima, win the GT300 class in the final race, Round 8 of the 2023 Autobacs Super GT Series, held at Mobility Resort Motegi in Tochigi Prefecture on 4 and 5 November, 2023. In Japan’s premier touring car racing series., many teams in the GT300 class equipped their cars with Advan racing tyres this year. These cars won four out of eight races.
Continue Reading![Pirelli returns to the Macau Grand Prix](https://www.tyrepress.com/wp-content/uploads/2023/11/pirellimacao-scaled.jpg)
Pirelli returns to the Macau Grand Prix
Pirelli returns to the Macau Grand Prix this weekend, as the winner of a multi-year tender to supply the FIA GT World Cup, with the Italian firm also supplying tyres for the Formula 3 World Cup.
Continue Reading![Michelin plans to massively expand Shanghai tyre factory](https://www.tyrepress.com/wp-content/uploads/2023/11/Menegaux.jpg)
Michelin plans to massively expand Shanghai tyre factory
Recently, Michelin CEO Florent Menegaux said in an interview in Shanghai that Michelin’s factory in Shanghai will soon expand production on a large scale.
Continue Reading![Toyo joins ETRMA](https://www.tyrepress.com/wp-content/uploads/2023/11/Kenta-Kuribayashi.jpg)
Toyo joins ETRMA
ETRMA Members formally approved the application of Toyo Tires to become a full Member of the Association as of 1 January 2024 during ETRMA’s 9 November board meeting.
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