Light vehicle sales in India poised to reach record 4.9 million in 2024 – GlobalData
Indias light vehicles (LV) market is on the cusp of a record-breaking year, with a confluence of economic, political, and market factors aligning to drive growth. Robust economic expansion, the government’s fiscal stimulus, sustained demand for SUVs, and new model activity are expected to drive wholesales to a record-high of 4.9 million vehicles in 2024, forecasts data and analytics company GlobalData.
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No reprieve for Michelin’s German plants
Michelin has dashed union and works council hopes of reversing the planned end of truck tyre production in Germany, with company management rejecting a more than 100-page document outlining alternative concepts for maintaining the plants. The IGBCE union and works councils presented the document to the tyre maker last month; according to the union, Michelin management rejected all proposals at the beginning of March.
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Firestone Liberia earns ISCC PLUS
On 12 March 2024, Bridgestone Americas (Bridgestone) announced that its Firestone Liberia natural rubber growing and processing facility has attained International Sustainability and Carbon Certification (ISCC) PLUS recognition. Firestone Liberia earned ISCC PLUS certification for its efforts in “reducing environmental impacts, utilizing resources efficiently and enhancing its capacity to adapt to, mitigate and build resilience to climate change”, according to the company.
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TP Tools Oy buys Formup 350 for tyre mould production
TP Tools OY, a family-owned business with more than three decades of expertise in tyre mould manufacturing, has bought an AddUp FormUp 350 Powder Bed Fusion machine in order to power-up its sipe-mould production capability. TP Tools’ decision to bring tyre sipe production in-house marks a significant shift aimed at reducing costs associated with outsourcing, according to the companies. By streamlining the manufacturing process, the company not only saves on expenses but also shortens lead times, enhancing overall operational efficiency.
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New Yokohama Mexico factory to be built in Saltillo, Coahuila
The new consumer/light truck tyre plant Yokohama Rubber Co., Ltd. (YRC) intends to build in Mexico will be constructed at the Alianza Industrial Park in Saltillo, Coahuila. The details emerged after approval by the YRC board on 18 March.
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Yokohama Rubber to set up plant in Mexico
The Yokohama Rubber Co., Ltd. has announced plans to strengthen its capacity for supplying tyres to the North American market by building a passenger car tyre factory in Mexico. The company intends to invest up to US$380 million to build a plant with an annual production capacity of 5 million tyres.
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Sentury achieves rapid growth in 2023
2023 was a year of rapid growth for Sentury. The tyre manufacturer’s annual report showed that its revenue and net profit reached 7.84 billion yuan (about £860 million; €1 billion) and 1.37 billion yuan (about £150 million; €170 million), both have achieved a growth of more than 20 per cent compared with 2022.
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Maxxis considering Nigeria tyre factory
In February 2024, directors of Maxxis visited the rulers of the Ukanku Community in the Ukwa East region of Nigeria. According to local Nigerian media Business Day, Maxxis executives inspected the land where they were “preparing to build a tyre factory.” Another media outlet, The Cable, stated that Maxxis announced “plans” to build a local tyre manufacturing plant.
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Aeolus giant tyre project starts construction at Jiaozuo, China plant in June
The Aeolus giant tyre project has completed all approval procedures and is expected to start construction in June 2024. The project is in Aeolus’ western factory in Jiaozuo. It plans to build a new production plant and power station and add giant tyre building and vulcanisation equipment. The construction period of the project is 24 months. After completion, it will be able to add 20,000 giant engineering radial tyre production capacity every year.
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Which European countries are using electric vehicles the most?
New research has revealed the European countries using electric vehicles the most, with Norway coming out on top. The study by electronic registration portal Vignettecroatia.com analysed the latest 2022 data from Eurostat, to see which European countries had the highest percentage of electric vehicles. It found that Norway is leading the way for electric vehicle use in Europe, with a whopping 20.12 per cent of all vehicles being electric. As of the latest 2022 data, there are 3,018,728 registered vehicles in the country, of which 607,516 are electric-powered.
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Goodyear Farm Tires creates LSW European hub in France
Goodyear Farm Tires has created a new Low Sidewall Technology Development Centre in France to “provide its UK and European …customers with improved access to one of the most innovative products on the market”, according to the company. The French HQ of Titan International – which re-introduced Goodyear Farm Tires to the European market in 2019 – has been scheduled to begin the manufacturing and customisation of wheels for the exclusive LSW wheel and tyre assemblies at the start of April. Previously, all production and assembly of LSW products took place in the USA.
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Pyrum Innovations entering Scandinavia with GreenTech JV
A consulting agreement with Swedish firm GreenTech Recycling Tires AB gives Pyrum Innovations AG its first point of entry into the Scandinavian market. On the proviso that GreenTech’s financing is fully secured, Pyrum will invest up to 3 million euros in a joint venture SPV (special purpose vehicle) to build a pyrolysis recycling plant capable of processing 20,000 tonnes of end-of-life tyres annually.
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70% of US fleets run weekly tyre inspections, but they lack digital integration
Anyline published the results of its recent US fleet survey at the Technology & Maintenance Council’s 2024 Annual Meeting & Transportation Technology Exhibition. The research found that the US fleet sector had a “mixed approach to ensuring vehicle safety and operational efficiency.”
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Yokohama Rubber back in the black in Russia
Several tyre makers have sold their manufacturing operations in Russia since 2022; Yokohama Rubber has not. L.L.C. Yokohama R.P.Z. suspended operations at its Lipetsk passenger car tyre plant in March of that year due to issues with raw material procurement, resuming production in August 2022.
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Branford Group hosts Toyo Automotive Parts USA auction
The Branford Group is conducting an auction at the former Toyo Automotive Parts USA facility in Franklin, Kentucky in April. The auction follows the decision of Toyo Automotive Parts USA’s parent company, Toyo Tire Corporation, which decided in August 2023 to cease manufacturing of automotive parts at its US subsidiary.
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