ZC Rubber chairman cautiously optimistic about China’s tyre industry
On 27 March 2024, Shen Jinrong, chairman of ZC Rubber, expressed a cautiously optimistic attitude towards the Chinese tyre industry at the 2024 China Rubber Conference, commenting: “For the Chinese tyre industry, the phenomenon of multiple positive factors coexisting at the same time is unlikely to reappear in 2024. Most of the positive factors will turn negative or slow down or decrease, and the tyre industry cycle has reached a high point. The contradiction of overcapacity in the industry will become increasingly prominent, and we should take measures to deal with it.”
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Guangrao Tyre Exhibition registration opens
Guangrao Tyre Exhibition’s organising committee reports that the event has opened pre-registration. Specific information can be found on its official website: grtirexpo.com.
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Car owners report EVs wear through tyres faster – JD Power
Electric vehicle (EV) owners are reporting faster tyre wear rates than they experience on internal combustion engine (ICE) vehicles. And that’s leading to a widening satisfaction gap between original equipment tyres and electric vehicles (EVs) and ICEs, according to the J.D. Power 2024 U.S. Original Equipment Tire Customer Satisfaction Study, released at the end of March. The study shows that EV owners have similar expectations of tyre wear as do owners of ICEs, despite EV tyres wearing faster due to greater vehicle weight and higher torque.
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Kraiburg Austria a Kununu Top Company again
Retreading supplier, Kraiburg Austria has been awarded the Kununu Top Company seal again in 2024 after also doing so in 2023. The seal recognises companies with high employee satisfaction and is awarded exclusively based on independent reviews on Kununu. Kununu means blank slate in Swahili and, according to the operators, stands for all companies that have not yet been rated. The platform, which was founded in Vienna, has been online since 2007 and currently employs around 130 people in Vienna, Porto, Berlin and Hamburg.
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Michelin & partners break ground on Cataroux site project
Reporting the official groundbreaking of a Collaborative Innovation Center at the company’s Cataroux site in France yesterday, the Michelin Group says the ceremony “marks a major milestone” in this innovation-focused project, which it considers the only one of its kind in Europe. Michelin and four other entities have spearheaded the project since 2020, investing 61 million euros in a facility that will serve as a nexus for business and innovation stakeholders.
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ETRMA signs Antwerp Declaration
On 20 February 2024, 73 industry leaders from nearly 20 industrial sectors signed the ‘The Antwerp Declaration for a European Industrial Deal’. Many more have signed since then, including the European Tyre and Rubber Manufacturers’ Association (ETRMA). The ETRMA thus joins over 900 organisations across 25 sectors asking for industry and industrial policy to be at the core of the new European Strategic Agenda for 2024-2029.
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Latin Tyre Expo names conference speakers
The 2024 Latin Tyre & Auto Parts Expo has named speakers leading presentations at the event at 10:00am on Thursday 1 August 2024, at the Panama Convention Center.
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Yokohama appoints new deputy head of tyre planning division
At the end of March, The Yokohama Rubber Co. Ltd. announced the promotion of one of its senior managers, Masahiro Yuki, to the role of Deputy Head of Yokohama’s Tire Business Planning Division. The change, announced on 27 March 2024 became effective a day later on 28 March 2024.
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Doublestar prepares to formally take control of Kumho
At the end of March, tyre manufacturer Qingdao Doublestar suspended trading on the stock exchange and announced that it was preparing to officially take control of Kumho and resolve competition in the industry. Doublestar said it will disclose further information before April 11.
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Advan Sport V107 tyres OE on Mercedes-AMG CLE 53 4MATIC+ Coupé
At the end of March, The Yokohama Rubber Co. Ltd. confirmed that it is supplying its Advan Sport V107 tyres as original equipment (OE) for the new Mercedes-AMG CLE 53 4Matic+ Coupé, which was presented in December 2023. The Coupé is being fitted with 265/40ZR19 (102Y) tyres on the front axle and 295/35ZR19 (104Y) tyres on the rear axle.
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New name for Australia’s National Tyre & Wheel
Australian headquartered tyre and wheel importer, distributor and retailer National Tyre & Wheel Limited has a new name. From 9 April 2024, the company call itself NTAW Holdings Limited. Shareholders passed a resolution to rename the company during an extraordinary general meeting on 26 March 2024.
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Tyre consortium releases 6PPD alternatives analysis report
To fulfil regulatory requirements in the US state of California, a global group of 30 tyre manufacturers has published a Stage 1 Alternatives Analysis (AA) report concerning the antioxidant 6PPD in tyres. This initial Stage 1 AA Report will serve as the groundwork for further Stage 2 exploration, ultimately culminating in a final AA report.
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TBC Corporation names Bill Schafer as COO of TBC Brands and TBC International
TBC Corporation has appointed Bill Schafer as Chief Operating Officer (COO) for TBC Brands and TBC International. Schafer will report directly to TBC Corporation’s President and Chief Executive Officer, Sam Kato, and will oversee all TBC Brands and TBC International sales initiatives, including customer service, commercial tyre sales, equipment and non-tyre sales, and operations.
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ETRMA joins call for EUDR clarity & solutions
The European Tyre and Rubber Manufacturers’ Association (ETRMA) has formally communicated with the EU Commission and Member States via a cross-commodity letter, urging for “urgent clarifications and workable solutions” in the implementation of the EU Deforestation Regulation (EUDR).
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Remember This? – March 2024
Our monthly magazine column looks back at the biggest news events from the tyre industry five, 10, 15 and 20 years ago. This months edition looks back to March issues from 2004, 2009, 2014, and 2019 for some of the biggest tyre industry news of those months. Click the month and year to access the digital edition of the relevant issue of the magazine from Tyres & Accessories’ expanding digital archive.
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