![Triangle Q3 net profit up 100%](https://www.tyrepress.com/wp-content/uploads/2023/10/triangle-train.jpg)
Triangle Q3 net profit up 100%
In its third quarter, Triangle produced 6.2706 million tyres, sold 6.5204 million tyres, and reported revenue of approximately 2.67 billion yuan (about £300 million; €340 million).
Continue Reading![Xingda and Hixih to build joint factory](https://www.tyrepress.com/wp-content/uploads/2023/10/Hixih-Xingda.jpg)
Xingda and Hixih to build joint factory
Recently, Jiangsu Xingda Steel Tyre Cord and Hixih Rubber entered an investment agreement. It is reported that the two parties are preparing to establish a joint venture to build a factory with an annual output of 50,000 tons of steel tyre cord. According to the agreement between the two parties, Xingda will be responsible for all operations and management of the joint venture company. The board of directors of the joint venture company consists of three directors, with the number of directors appointed by Xingda and Hixih being two and one.
Continue Reading![Guangrao introduces 10 policies to promote ‘high-quality tyre development’](https://www.tyrepress.com/wp-content/uploads/2023/10/Guangrao.jpg)
Guangrao introduces 10 policies to promote ‘high-quality tyre development’
Recently, Guangrao County authorities, Shandong Province, held a press conference and stated that it would launch 10 policies to support the high-quality development of the local rubber tyre industry.
Continue Reading![Coalition against unfair tyre imports requests tariff review](https://www.tyrepress.com/wp-content/uploads/2023/10/Tariffs.png)
Coalition against unfair tyre imports requests tariff review
Ahead of the expiry of anti-dumping tariffs on China-produced truck tyres imported into the European Union, on 20 October the European Commission reported receiving a request to review these. The European industry observers our sister title Neue Refeinzeitung (NRZ) spoke to expect a preliminary decision at the beginning of the review. Meanwhile, Chinese market sources told Tyrepress China that the tyre makers at the centre of the case have generally responded “calmly”, having become accustomed to “trade barriers” from Europe. Whatever the current market reaction is, the investigation will be concluded “within 12 months and in any event no later than 15 months from the date of…publication” (20 October 2023), according to the Commission.
Continue Reading![Goodyear concludes large-scale solar project](https://www.tyrepress.com/wp-content/uploads/2023/10/pulandian-solar-panels-rooftop-sml.jpg)
Goodyear concludes large-scale solar project
It’s solar superlative time. The Goodyear Tire & Rubber Company reports having completed its largest solar panel installation to date. More than 29,700 solar panels now sit upon the rooftop of the tyre maker’s Pulandian factory site in Dalian, China, as well as on adjoining warehouse and office buildings – equipment that Goodyear says will reduce carbon emissions from purchased electricity by 17,000 tonnes annually over 25 years.
Continue Reading![US debut for Toyo Open Country A/T III EV](https://www.tyrepress.com/wp-content/uploads/2023/10/Ford-Lightning-EV-Toyo_sml.jpg)
US debut for Toyo Open Country A/T III EV
Toyo Tires has extended its all-terrain tyre range for North America to include a tyre aimed at electric trucks and SUVs. The tyre maker designed and is manufacturing the Toyo Open Country A/T III EV in the USA and plans to offer “a wide range of unique sizes and high-load combinations for 18- to 24-inch wheel diameters.” No word from Toyo so far about a UK or European launch.
Continue Reading![Martins launches three new sub-brands](https://www.tyrepress.com/wp-content/uploads/2023/10/Martins-brands.png)
Martins launches three new sub-brands
Martins, the tyre equipment and industrial supplier, has launched three new sub-brands: tiretools, tirestow, and tiresupp. According to the company, the expansion “marks a significant milestone in the companys ongoing commitment to providing top-notch solutions and services to its clientele.”
Continue Reading![Bridgestone ends TBR production at Rangsit plant](https://www.tyrepress.com/wp-content/uploads/2023/10/Bridgestone-placeholder3.jpg)
Bridgestone ends TBR production at Rangsit plant
Bridgestone Corporation completed the consolidation of its tyre manufacturing operation in Thailand today with the end of truck and bus radial production at its Rangsit plant. Bridgestone Tire Manufacturing (Thailand) Co. Ltd’s Chonburi facility has taken over this production capacity.
Continue Reading![No longer competitive – Michelin closing Ardmore, USA tyre plant](https://www.tyrepress.com/wp-content/uploads/2023/10/michelin-tyres-scaled.jpg)
No longer competitive – Michelin closing Ardmore, USA tyre plant
In response to a “rapidly and profoundly” changing passenger vehicle market in North America, Michelin has decided to end production at its Ardmore tyre plant in Oklahoma. Michelin North America idled operations at the factory from the morning of 26 October to begin the process of presenting details to the workforce. It expects to resume operations early on 28 October, but “over the coming days and weeks” Michelin representatives will discuss separation conditions with each individual employee.
Continue Reading![Michelin unveils aircraft tyre plan & welcomes new activities in Bourges](https://www.tyrepress.com/wp-content/uploads/2023/10/Michelin-X-Air-Sky-Light.jpg)
Michelin unveils aircraft tyre plan & welcomes new activities in Bourges
The Bourges site in France is Michelin’s only aviation tyre plant in Europe, and the company reports that production has grown significantly over the past two years, leading to certain organisational issues as well as the need to recruit and train almost 240 permanent employees in 2022 and 2023. Michelin launched a collaborative project to deal with these challenges, and various stakeholders have come up with a five-year plan to ensure the Bourges plant performs better. The site is also expanding its activities to include Michelin Inflatable Solutions.
Continue Reading![Birla Carbon adopts Blue Yonder supply chain solution](https://www.tyrepress.com/wp-content/uploads/2023/10/Blue-Yonder.png)
Birla Carbon adopts Blue Yonder supply chain solution
Carbon black supplier, Birla Carbon has implemented Blue Yonders Sales & Operations Planning (S&OP) digital technology. According to the company, the Blue Yonder solution was deployed at Birla Carbon through 2023, “revolutionizing key S&OP processes, including demand and supply planning in a dynamic world”. Birla Carbon engaged Ernst & Young, India (EY) as a transformation partner during the process.
Continue Reading![Pirelli forms $550 million Saudi Arabia tyre manufacturing joint venture](https://www.tyrepress.com/wp-content/uploads/2023/10/Pirelli-Saudi.png)
Pirelli forms $550 million Saudi Arabia tyre manufacturing joint venture
The Saudi Arabian Public Investment Fund (PIF) and Pirelli Tyre S.P.A signed a joint venture (JV) agreement to build a tyre factory in Saudi Arabia. PIF will hold a 75 per cent stake in the JV with Pirelli holding the remaining 25 per cent and acting as “a strategic technology partner” offering both “technical and commercial assistance”. The plant is expected to start production in 2026.
Continue Reading![Good Design Award for Kumho PorTran 4S CX11](https://www.tyrepress.com/wp-content/uploads/2023/10/PorTran4SCX11.jpg)
Good Design Award for Kumho PorTran 4S CX11
Kumho Tire has gained the Good Design Award (Japan) 2023 for its PorTran 4S CX11, a van and light commercial vehicle tyre specifically designed to accommodate the road and climate conditions of Europe and take advantage of growing demand for all-season tyres within the region. The Kumho tyre is currently on display at the Good Design Exhibition 2023, which is taking place in Tokyo until 29 October.
Continue Reading![Hankook’s Hungary tyre plant gains ISCC PLUS Certification](https://www.tyrepress.com/wp-content/uploads/2023/10/20231025_Hankook_plant_achieves_milestone_with_ISCC_PLUS_Certification_01-scaled.jpg)
Hankook’s Hungary tyre plant gains ISCC PLUS Certification
Hankook has attained ISCC PLUS certification (International Sustainability & Carbon Certification) for its European production plant in Rácalmás (Hungary). According to the company, this is testament to the Hankook’s “unyielding commitment to sustainability, innovation, and environmental responsibility”. The tyre manufacturer reportedly plans to further intensify its activities in the area of long-term carbon neutrality and resource conservation by using sustainable raw materials, for example, in the iON tyre family designed for electric vehicles.
Continue Reading![GRI CEO addresses “Sustainability in Tires” conference](https://www.tyrepress.com/wp-content/uploads/2023/10/GRI-CEO-Smithers-Conference-1.jpeg)
GRI CEO addresses “Sustainability in Tires” conference
GRI CEO, Dr Mahesha Ranasoma, was addressed delegates at the Smithers conference on Sustainability in Tires in Shanghai, China. Dr Ranasoma delivered a presentation entitled The Green Revolution of the Tire Industry: A Deep Dive into ESG Integration, drawing the attention of industry leaders in attendance. He highlighted GRIs role in developing sustainable Specialty Tires and green practices, emphasizing the companys commitment to advancing environmentally conscious solutions.
Continue Reading