Doublestar reveals turnaround strategy
At the online investor reception day attended by Qingdao Doublestar board secretary Wang Bo and CFO Zou Guangfeng, the issues investors were most concerned about was how the company will turn losses into profit and how the business is restructuring in relation to Kumho.
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Sentury gives international tyre factory update, considers new production projects
On 28 November Sentury answered questions about the current status of its various overseas factories at an investor reception.
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CTS: Däckson i Karlskoga and Nya Gummicentralen i Kristinehamn join
Däckson i Karlskoga and Nya Gummicentralen i Kristinehamn have become the latest Nordic tyre businesses to announce their accession to CTS. The companies will continue to operate under the same name and with the same team. Founder Johan Övelius and the rest of the team will remain operational in the companies and co-owners of CTS.
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Turkish competition authority investigating 17 tyre firms
As Tyrepress.com shared yesterday, the Republic of Türkiye’s Competition Authority (Rekabet Kurumu) has begun an investigation into companies active in the field of tyre production and distribution within the automotive sector. Rekabet Kurumu reported today that after completing a preliminary investigation focused on allegations of violations against Turkish competition law, it is now examining the activities of 17 companies.
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Bridgestone expands solar capabilities at China PCR tyre plant
In addition to increasing production capacity at its Wuxi passenger car tyre plant in China, Bridgestone Corporation has completed the second phase of its project to equip the Bridgestone (Wuxi) Tyre Co., Ltd. facility for generating solar power. Bridgestone has installed further rooftop panels which, since going operational in mid-November 2024, have increased the plant’s solar panel capacity to 13.029 megawatts (MW).
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Show debut for JK Tyre’s latest OTR products
The bauma CONEXPO India exhibition began in Delhi NCR today, and JK Tyre & Industries has used the event as a platform for launching its latest off-the-road tyres. The new offerings include, 17.5-25 VEM 63 L5 for wheel loaders, 16.00-25 VEM 99D E3 for wide body dump trucks, 12.00-24 VEM Smooth L5S for load haul dumpers, 300-15 Jet Lift for forklift trucks and 10/75-15.3 MPT117 for self-loading concrete mixers. Anuj Kathuria, President of JK Tyre’s India business and Debasis Khuntia, Head of OTR, were on-site to unveil the products.
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SRI streamlining tyre plant operations with Rockwell Automation
Sumitomo Rubber Industries, Ltd. (SRI) has selected Rockwell Automation, Inc. to support the company’s digital transformation efforts, beginning with the installation of a Rockwell manufacturing execution system (MES) platform at its largest domestic plant, the Shirakawa City facility in Japan’s Fukushima Prefecture. The factory will begin operations using the new platform in the second half of 2025.
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Competition body investigating Brisa
The Republic of Türkiye’s Competition Authority (Rekabet Kurumu) has launched an investigation into companies active in the field of tyre production and distribution within the automotive sector. One affected company is Brisa, the joint venture between Bridgestone and Sabanci Holdings.
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Michelin and Brembo link smart tyres and brakes to shorten braking by 4m
Brembo has signed a global agreement with Michelin to “exploit the full potential of their intelligent solutions to revolutionize vehicle performance and offer drivers the highest safety and comfort standards.” Specifically, Brembo is bringing its braking systems, vehicle modelling and artificial intelligence (AI) to the table. For its part, Michelin is contributing its leadership in tyre modelling and algorithm development. The partnership centres on “the continuous exchange of real-time data between Michelin’s connected solutions software, which provides tyre grip data to Brembos innovative Sensify braking system”. According to the two companies, these tyre insights “enable engineers to fine-tune the braking system with exceptional precision, further enhancing Sensify’s characteristics”.
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France plant closures – Michelin provides negotiations update
Michelin has shared information about its negotiations with unions on 3 and 4 December regarding the planned closure of two factories in France. These negotiations aimed to outline a structured approach to supporting employees affected by forthcoming organisational changes.
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Sword of Honour – Apollo Tyres gains British Safety Council award
The British Safety Council has awarded Apollo Tyres Ltd its Sword of Honour, demonstrating excellence in the management of health and safety risks at work. The company’s plant in Andhra Pradesh, India gained this distinction after achieving Five Stars in the British Safety Council health and safety management audit conducted in the qualification period between 1 August 2023 and 31 July 2024. The tyre maker also demonstrated, to an independent panel, excellence in its health and safety management throughout the business – from the shopfloor to the boardroom.
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Camac targeting retreading market with compounding business
Camac Tyres has announced the establishment of Camac Compounding, a new company dedicated to providing innovative, sustainable, and bespoke solutions to the tyre retreading sector across Europe. Camac Compounding is scheduled to commence production in 2025 and is, like Camac Tyres, a part of rubber compound specialist SPC Europe.
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Ceat buys Camso bias tyres and tracks business from Michelin
CEAT and Michelin have entered into a definitive agreement for Ceat to acquire the Michelin-owned Camso brand’s off-highway construction equipment bias tyre and tracks business from Michelin in a $225 million deal. The transaction includes the business with revenues of around $213 million in 2023 as well as “global ownership of the Camso brand along with two state-of-the-art manufacturing facilities”.
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Petlas launches NZ310 trailer tyre
Petlas Tire Corporation has launched its “latest innovation in trailer tyres”, the NZ310. Engineered to meet the demands of both regional and long-haul applications, the NZ310 reportedly combines “advanced durability with fuel-efficient performance”, making it the “ideal choice for the modern transportation industry”.
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The many businesses of BBS Automotive owner Sahin
Big words, little action. Turkish businessman Ilkem Sahin appeared on our radar late in 2023 as a potential rescuer of insolvent German wheel manufacturer BBS Automotive GmbH, but what a difference a year has made. As our German sister publication notes, the name Ilkem Sahin has become a “red rag” to the company’s employees. This is because the new owner and managing director led the firm from its fourth insolvency into its fifth within a very short space of time.
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