Morrocco first – Sentury Tire redirects funds earmarked for Spanish plant
Sentury Tire has disclosed that it will invest the approximately RMB 2.8 billion (£313 million) it raised to set up a factory in Spain in the construction of its Moroccan plant instead. The motivation behind this decision, says Sentury Tire, is that while the facility in Spain is still in the “approval process” with no clear indication of when this will conclude, the tyre plant in Morrocco is “progressing well” and has a greater need for capital expenditures.
Continue Reading
ETRMA publishes #TRACTION4CHANGE Manifesto
The European Tyre and Rubber Manufacturers’ Association (ETRMA) has released its Manifesto for the legislative period of 2024-2029, titled “#TRACTION4CHANGE: A shared agenda for a competitive, secure, and inclusive Europe.” This manifesto advocates for strategic initiatives aimed at bolstering the industrial competitiveness of the sector while emphasising its crucial role in advancing zero-emission mobility, circularity, and sustainability.
Continue Reading
8 in a row: Maxxis a GM Supplier of the Year, again
Maxxis is a GM Supplier of the Year for an eighth consecutive year. GM recognised the tyre maker at an event honouring the company’s top global suppliers for 2023.
Continue Reading
Michelin partnering in nanofibrous material research
On 15 April, Michelin, the CNRS, and the University of Strasbourg inaugurated the SpinLab associated research laboratory. This Strasbourg-based endeavour is dedicated to the study of the electrospinning process for the optimal production of nanofibrous materials. Over four years, these teams will collaborate to develop an innovative electrospinning platform, with the aim of creating novel and distinctive fibrous materials tailored for diverse applications, including tyres.
Continue Reading
Finland, Germany amongst main markets for Russian tyres
According to Russian petrochemical industry information centre Rupec, two European Union countries were amongst the top foreign recipients of Russian tyres in 2022-2023. Rupec reports that the main foreign markets for these products in monetary terms were Kazakhstan (19%), Finland (13%), Germany (11%) and Belarus (10%). The overall share of tyres in Russian exports for the period 2022-2023 was approximately two per cent.
Continue Reading
First tyre at Double Coin’s Anhui factory expansion
The first tyre has rolled off the production line at the expansion project of Double Coin’s factory in Anhui, China. According to the tyre manufacturer, the tyres that rolled off the production line this time are products suitable for new energy vehicles in size 205/60 R16 92V. After the project reaches total production, the annual production capacity of the Double Coin Anhui factory will exceed 10 million units.
Continue Reading
Fornnax adds SR-200 HD to its tyre shredder range
Fornnax introduced the SR-200 HD Dual-Shaft Primary Shredder at India Rubber Expo (IRE) at the Bombay Exhibition Centre in Mumbai on 20 March. According to the company, “the SR-200 HD marks a significant leap in recycling technology, demonstrating Fornnaxs dedication to engineering excellence and sustainability.”
Continue Reading
Bridgestone invests in Wuxi, China car tyre production lines
Bridgestone has committed to increase investment in China over the next three years. The investment amount is expected to be 562 million yuan (approximately £62.4 million; €73 million), which will be used to strengthen the construction of production bases and increase the production proportion of high-performance passenger car tyres.
Continue Reading
Firemax Cambodia factory holds groundbreaking ceremony
Fornnax introduced the SR-200 HD Dual-Shaft Primary Shredder at India Rubber Expo (IRE) at the Bombay Exhibition Centre in Mumbai on 20 March. According to the company, “the SR-200 HD marks a significant leap in recycling technology, demonstrating Fornnaxs dedication to engineering excellence and sustainability.”
Continue Reading
Yokohama breaks ground on new Mexico tyre plant
On 15 April The Yokohama Rubber Co. Ltd. (YRC) broke ground for its new consumer/light truck tyre plant at the Alianza Industrial Park in Saltillo, Coahuila, Mexico. The event was attended by state and local officials, as well as management from Yokohama companies, including YRC chairman and CEO Masataka Yamishi; Yokohama Corporation North America (YCNA) CEO Shinichi Takimoto; and Yokohama Tire Corporation (YTC) president and CEO Jeff Barna.
Continue Reading
BKT obtains ‘Excellent Level’ Caterpillar certification
On 2 April 2024, BKT received Excellent Level certification from Caterpillar Inc. under its Supplier Excellence Recognition (SER) Process for the second consecutive year. The Excellent Level certification is the highest honour that Caterpillar Inc. bestows on suppliers, who consistently meet stringent production and quality requirements, under the SER Process.
Continue Reading
Michelin to end truck tyremaking at Olsztyn, Poland plant
Michelin is set to transfer the truck tyre production capacity it currently operates at its Olsztyn, Poland factory to Romania. Currently, 430 people work in the Olsztyn, Poland factory truck tyre production operation.
Continue Reading
JK Tyre open 92nd branded truck tyre retail centre in India
JK Tyre & Industries Ltd has inaugurated its 22nd brand shop in the Tamil Nadu region, thereby further expanding the company’s last mile presence in the country. The one-stop solution brand shop – Hindustan Tyres was inaugurated by Mr. Sanjeev Sharma, Vice President - Mobility Solutions & Fleet Management, JK Tyre & Industries Ltd. along with other senior officials of the company. JK Tyre reports that it now has 92 branded truck tyre retail centres across India.
Continue Reading
Countdown: 30 days till the Guangrao Tyre Exhibition
From 15-17 May, the 14th China (Guangrao) International Rubber Tire & Auto Accessory Exhibition will run with the theme of “Global Full Chain, New Quality and New Future”. A total of 780 booths are planned for this exhibition, an increase of 30 compared to the previous session.
Continue Reading
Qingdao Doublestar confirms Kumho acquisition details
Following the news that it will take control of Kumho as the largest shareholder, Qingdao Doublestar has released details of how it is working to indirectly hold 45 per cent of Kumho’s shares by issuing shares and paying cash in order to obtain strategic assets. After the complex transaction is completed, Qingdao Doublestar will control Kumho. Prior to this transaction, 45 per cent of Kumho was controlled by the wider Doublestar group rather than the tyre manufacturer Qingdao Doublestar itself.
Continue Reading
