Pirelli expands Bari Digital Solutions centre
A years after opening Pirelli’s Digital Solutions Center in Bari is celebrating its first year of activity increasing its workforce to 80, up from the planned headcount of 50. Currently, Pirelli’s digital centre, which is run as a public-private-academic partnership totals 30 employees, mainly from the Apulia region. So far, Pirelli has invested about 4.5 million of the 9 million euros originally earmarked for the project up to 2024, part of which will be financed by the Apulia region.
Continue ReadingMongrip and Keep Fighting Foundation make bracelet from Schumacher F1 tyre
Roughly four years after Mongrip made jewellery out of some of late F1 star Ayrton Senna’s tyres, the company has partnered with the Keep Fighting Foundation to make a new collection of limited edition bracelets made from some of Michael Schumacher’s F1 tyres. Specifically, the bracelets are being made out of legendary 1996 Monza GP tyres in a bid to pay homage to “the extraordinary seven-time Formula 1 World Champion.”
Continue ReadingGoodyear EMEA: Transforming the organisation, optimising manufacturing and focusing the brand portfolio
Repeated loss-making quarterly results paired with global cost-cutting and headcount-reduction efforts throughout 2023 mean Goodyear has, understandably, received more attention than usual. Most of this has come from our own research, in response to third-party action – such as Elliott’s now-infamous letter – and off the back of the aforementioned financial results. Since all of the above reasons for writing about Goodyear particularly impact Europe, in mid-October Tyres & Accessories visited the Goodyear EMEA headquarters in Brussels, Belgium, to hear more about exactly how executives are leading the business through its current tumultuous times. The group of executives Tyres & Accessories met with specifically included David Anckaert, Goodyear EMEA vice-president, consumer; and Troy Scully, vice president, communications and public affairs EMEA. Not only does such an opportunity give Goodyear the right-to-reply, it also provides additional insights into the company’s current “transformation” plans. Indeed, that is where our discussion began, with David Anckaert explaining what is meant by transformation in EMEA.
Continue ReadingTyres & Accessories November 2023 issue available to read online
The November issue of Tyres & Accessories Magazine is now available as an e-paper for subscribers to Tyrepress. Featuring special sections on 4x4 tyres and garage equipment, the issue also contains reports from the National Tyre Distributors Association’s annual conference and Tyre Industry Awards and a visit to Continental’s agricultural tyre production line in its plant in Lousado, Portugal. Non-subscribers can gain access to Tyrepress with a print or online subscription, or 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.
Continue ReadingStellantis recognises more than 600 students in awards programme
Stellantis celebrated the achievements of more than 600 graduates at the conclusion of its annual Student Awards programme, the second year it has been a global event. Applicants were asked to explain how they would offer decarbonized mobility that is affordable and accessible to all. Originally established as a regional programme 27 years ago, the Stellantis Student Awards represents six regions and 24 countries. Since 1996, nearly 15,000 high school and university graduates have been recognised.
Continue ReadingContinental Automotive announces thousands of job cuts in 400-million-euro cost-saving plans
Continental has announced plans for 400 million euros of annual cost-savings in its Automotive sector by 2025. The aim is to “create leaner business and administrative structures worldwide as well as quicker decision-making processes”. And that means streamlining the organisational structure within Automotive from six to five business areas.
Continue ReadingTirebuyer organization rebrands as Treadsy
While the Tirebuyer.com name is not being phased out, across the Atlantic, Treadsy’s role as an online white-label solution for tyre retailers across North America is increasing as the solution seeks to maximise both the online presence and service offering of tyre retailers. The e-commerce tyre platform is already home to the US’s largest network of 18,000 tyre installation locations including mobile vans. Moving forward, the focus of the business will shift to “powering capabilities of others in tyre retailing”.
Continue ReadingJiaozuo authorities guide Aeolus to expand cross-border e-commerce business
Recently, the authorities of Henan Province in China established a comprehensive cross-border e-commerce pilot zone in Jiaozuo City. Tyrepress China noted that as a local company in Jiaozuo, Aeolus would be guided to expand its cross-border e-commerce business.
Continue Reading7 tyre brands honoured at Asia Brand Summit 2023
At the end of September, the list of Asias most influential brands of 2023 was published at the “Asia Brand Summit” in Hong Kong. A total of 500 brands from 20 countries and regions, were honoured at the 18th World Brand Lab summit themed “The Impact of New Technologies on Brand Transformation and Consumer Behavior.” Seven of them were tyre brands and all seven were ranked amongst the top 350 of the 500 honoured brands.
Continue ReadingFirst pyrolysis oil made in Pyrum’s expanded plant
Pyrum Innovations has produced the first batch of pyrolysis oil in one of the two new reactors it has installed at its main facility in Germany. Although the Pyrum team has only made “small quantities” of oil so far, this marks a further step towards volume production.
Continue ReadingKumho Tire – 3 years of “continuous operating losses”
On 7 November, the Shanghai Stock Exchange published the 2023 credit rating report for Qingdao City Construction Investment (Group) Co Ltd. (Qingdao City Investment), the holding company of Qingdao Doublestar and Kumho Tire. Our sister publication Tyrepresschina.com has shared some of the key details contained within the report, which is dated June 2023.
Continue ReadingSentury Tire: 1 million OE tyres & increased aviation business
During an earnings presentation held on 8 November, China’s Sentury Tire shared its expectation of selling more than one million original equipment tyres in 2023. The company added that it is focusing on “mid- to high-end” OEMs.
Continue ReadingGoodyear Farm Tires returns to Poland
Polish tyre wholesaler Latex and its subsidiary Hurtopony have taken on distribution of the Goodyear Farm Tire range. The four main centres in Ruda Slaska, Opole, Bydgoszcz and Sosnowiec will supply tyres to the Latex national network.
Continue ReadingGermany’s SD Reifen in liquidation
Tyre distributor SD Reifen GmbH recently went into liquidation, which means its business activities will officially end in autumn 2024. Bernd Schwarz, company shareholder and managing director of the German firm since its founding almost eight years ago, has been appointed to the role of liquidator.
Continue ReadingBlack Donuts – Europe a ‘unique opportunity’ for Chinese tyre makers
At a conference hosted by VMI Group in Yantai, China last month, the chief executive officer of Black Donuts spoke on why he believes Europe to be an “underutilised opportunity for tyre companies.” Kai Hauvala also shared insights on why Black Donuts believes the European market is an excellent opportunity for foreign tyre manufacturers and why Chinese tyre businesses should consider the region as their next big step.
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