Read and download Tyres & Accessories March 2024 now
In the March 2024 issue of Tyres & Accessories Magazine is now available as an e-paper for subscribers to Tyrepress. The latest issue includes a focus on tyre industry sustainability and commercial vehicle tyres. It also includes in-depth articles and analysis tackling current events and trends in the global tyre industry and the latest new tyres, such as Pirellis new all-season tyre and the Bridgestone Blizzak 6 winter tyre. Non-subscribers can gain access to Tyrepress with a print or online subscription. 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.
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Chinese tyremakers turn to OTR tyre production
Starting from 2022, Chinese tyre manufacturers have chosen to strategically enter the OTR market. ZC Rubber and Zaozhuang Mining Group chose the merger to expand their power in the OTR field. More leading Chinese tyre companies have chosen to significantly increase their OTR production capacity through new construction or production expansion.
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Hexpol makes European devulcanization investment
The rubber compounding arm of the Swedish Hexpol Group has invested in a devulcanization line in Europe. The company reports that this enables mechanical devulcanization of rubber in-house and supports the transition to a circular economy. Specifically, the investment will enable Hexpol Compounding to produce “several thousand tons of compounds with devulcanized rubber content per year” in Europe.
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Webfleet offering assistance with CSRD compliance
Although the European Union’s Corporate Sustainability Reporting Directive (CSRD) does not directly affect UK firms, stock-listed companies with EU subsidiaries and more than 500 employees must record CO2 emissions from this year for 2025 reporting. The CSRD will trawl its net further each year until, by 2027, the requirement to record CO2 data will apply to all UK companies with a non-EU parent and more than €135 million in EU turnover. Bridgestone Mobility Solutions says its Webfleet solution can help fleets impacted the CSRD.
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Nokian lays off car tyre production in Nokia
Nokian Tyres is adjusting production at its Nokia passenger car tyre factory in Finland for “at least two weeks”. However, based on recent negotiations the production employees can be laid off due to financial and production related reasons for a maximum period of 90 days. The lay-offs result from “ongoing political strikes affecting ports and transportation in Finland”, according to the company. Nokian reports that that wider environment has led to “Nokian Tyres’ inventories of tyres filling up, as the company is unable to deliver tyres to its customers”.
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New names join TTC exhibitor list – Michelin confirms attendance
When the organiser of tyre industry trade fair The Tire Cologne published the exhibitor list for this June’s event last week, we noted several high-profile absences. It appears we were too quick to the draw, as the exhibitor list has grown since first going public.
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Trelleborg sponsors Machine of the Year Brasil awards for 11th time
For the 11th consecutive time, Trelleborg tyres is again the official sponsor of the Machine of Year Brasil 2024/2025 awards. The awards are presented for agricultural machinery excellence in six categories: harvesters, sprayers, planters, plough/leveller harrows, spreaders and mowers. Judged by industry specialists, agricultural Original Equipment Manufacturers (OEMs) from Brazil will compete for recognition as the best in their field with their latest generation of machines. Moreover, an award will be given to the “most voted brand” by people worldwide through the website machineoftheyear.net, from 20 March to 30 April 2024.
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Nexen folds German and Italian tyre subsidiaries into Czech operation
Nexen Tire is consolidating its three European entities (that is Czech Republic manufacturing and sales operation as well as its German sales and marketing led business plus its Italian mainly sales and marketing subsidiary) into a single Czech corporation. Business Korea reports that this initiative aims to “streamline business operations by centralizing dispersed bases within Europe”. Tyrepress.com’s sister titles in Germany and Italy (reifenpresse.de and pneusnews.it) have sought clarification and comment from the respective Nexen subsidiaries.
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Bridgestone aiding Burgos plans with high-capacity logistics centre
Bridgestone EMEA has officially opened a new “smart logistics facility” for tyre storage at its Burgos site in Spain. The more than 44,500 square metre ‘Tizona’ facility enables the company to store more than 800,000 tyres in one location. Billed as one of Bridgestone’s “most significant logistics centres in Europe” and the result of an investment exceeding 40 million euros, Tizona represents for the tyre maker a “large boost to the growth and development of its facilities in Burgos.”
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SBTi certifies SRI emissions targets
The Science Based Targets Initiative (SBTi) has granted Sumitomo Rubber Industries, Ltd. (SRI) certification for its greenhouse gas emission reduction targets for 2030, deeming these to be consistent with scientific evidence. For Scope 1 and Scope 2, SRI aims to reduce absolute emissions by 55%, compared with 2017 levels. SRI’s target for Scope 3 and Category 1 is to reduce absolute emissions by 25%, compared with 2021.
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The Tire Cologne – larger in 2024, but missing some big names
Major industry trade fair The Tire Cologne is drawing near and will take place between 4 and 6 June. Following its debut in 2018 and first post-pandemic show in 2022, this third instalment promises to be a significant event for the tyre and wheel industry. Advance ticket sales for the three-day event have commenced and show organiser Koelnmesse has now published an exhibitor list online. Three of the world’s largest tyre makers don’t appear on it.
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Hankook Tire gains CDP Carbon Management Sector Honors
CDP Carbon Management Sector Honors for Hankook Tire & Technology (Hankook Tire). The Carbon Disclosure Project (CDP) Korea Committee hosted its Climate Change and Water Security Awards on 13 March. Based upon the CDP Climate Change Response Project’s evaluation of more than 23,000 global companies, the Committee acknowledged Hankook Tire within the Consumer Discretionary awards category. The tyre maker achieved an A- rating in the evaluation, one of only 25 Korean companies achieving this distinction.
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Déjà vu – Shingo Aso returns to TBC Corporation
TBC Corporation, one of North America’s largest marketers of automotive replacement tyres through wholesale and franchise operations, has named Shingo Aso its Executive Vice President, Corporate Development. In this role, he will lead the corporate development initiatives, mergers and acquisitions, strategic alliances and new business development.
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Titan International completes plant upgrade
Completion of a major upgrade to its Des Moines facility in the USA gives Titan International greater plant capacity. The company invested US$2 million in the expansion project, which includes the addition of two new 104-inch curing tyre presses that will accommodate the recently expanded AgraEDGE tyre line.
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Interfit showcases material handling tyre services at LogiMAT 2024
The Yokohama TWS-owned Interfit industrial tyre service business, which describes itself as “the global leader for industrial tyre and wheel services”, has been showcasing its portfolio at LogiMAT at Germany’s Stuttgart Trade Fair Centre from March 19-21, 2024. The Interfit exhibit includes “complete custom tyre and wheel services tailored specifically for the logistics and material handling industries”. Indeed, Interfit reports that it offers everything from “fleet inspection and personalised tyre consultancy to complete wheel exchange services”.
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