Xingda reveals its plans to recycle scrap tyre cord
Liu Jinlan, chairman of the board of directors of Xingda Steel Cord, said that he is prepared to continue to expand production in the next seven years. Specifically, the company plans to have an annual production capacity of steel cord and various steel wire products reaching 2.33 million tons by 2030, with revenue exceeding 20 billion yuan.
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Hou family withdraws from Nankang board of directors
Nankang announced that several directors and independent directors have resigned from the board of directors. Tyrepress China noticed that the directors Huang Mingyou and Chen Hsueh Sheng, who resigned from the board of directors, are both representatives of Kuo Yang Group. At the same time, He Siao-Dong, who came from Kuo Yang Group and served as vice chairman of Nankang subsidiary Nanzong Construction Developments, also announced his resignation.
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Prometeon joins ETRMA
Prometeon Tyre Group has become a full corporate member of ETRMA effective immediately. ETRMA president Chris Delaney welcomed the decision, saying: “I am thrilled to welcome Prometeon as a full Member of ETRMA. Their membership will enhance the representativeness and expertise of the organisation”.
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Infopro Digital buys DriveRightData
DriveRightData’s acquisition by Infopro Digital aligns with the company’s “commitment to quality, accuracy and innovation” and the two firms’ integration “will cultivate synergies across both global product portfolio” DriveRightData representatives said in a statement announcing the news on 23 February 2024.
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Compilator agrees TiDaeX integration with e-jobsheet
Compilator AB, part of UK-based Kerridge Commercial Systems Limited, is partnering with Mobile IT Apps to deliver TiDaeX integration via the e-jobsheet tyre service app for the UK and the Republic of Ireland. The move comes in anticipation of its planned expansion into Scandinavia and North America. The integrated partnership will be formally introduced at the ITIA conference in Dublin on 29 February 2024.
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Profits of listed Chinese tyre companies rise sharply
A number of Chinese tyre manufacturers have stated that their net profits significantly increased year-on-year in 2023. Doublestar is one of the few tyre companies that was still losing money. Jiangsu General turned losses into profits. In terms of net profit alone, Sailun’s 3.1 billion yuan suggest the company gradually widened the gap between itself and Linglong. Currently, ZC Rubber has not officially disclosed its operating data for 2023. Therefore, it is not yet possible to judge who is in the leading position in terms of net profit between Sailun and ZC Rubber.
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Toyo Tires sponsors golfer Yuka Saso
Toyo Tire Corporation has signed a sponsorship agreement with Japanese female professional golfer Yuka Saso. Yuka Saso has achieved excellent results since her amateur days, winning the ICTSI Eagle Ridge Ladies Invitational in the Philippines, on the womens tour as an amateur at just 14 years old.
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Ceat extending cricket remit with IPL partnership
Tyre maker Ceat Ltd is bowling another over in its sponsorship of the Indian Premier League (IPL). The company first partnered with the men’s Twenty20 cricket league in 2015 and renewed the arrangement for a further five years in 2018. The Board of Cricket Control in India has now confirmed its selection of Ceat as an IPL Official Partner.
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Brembo breaks ground on 40-million-euro Thailand motorbike brake factory
Brembo is set to open its first production site in Thailand having agreed to invest 40 million euros in the factory as part of the company’s strategy expanding its industrial presence globally.
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TIA and USTMA found Tire Recycling Foundation
Across the Atlantic, the Tire Industry Association (TIA) and the U.S. Tire Manufacturers Association (USTMA) have formed the Tire Recycling Foundation, which the partners describe as “a collaborative initiative aimed at fostering sustainable and circular market solutions for end-of-life tyres”.
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Goodyear partners with TyreCall in Ireland
Goodyear has appointed TyreCall as “a Full Service Distribution (FSD) partner” in the Republic of Ireland and Northern Ireland. According to Goodyear, the strategic partnership will help Goodyear “manage stock, simplify the sales process, and improve the service offered to retailers. “
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Bond International launches Admiral tyre brand
Fast-growing wholesaler, Bond International has launched the Admiral tyre brand. The trademark for Admiral was gained back in 1996 by the late Reg Bond and has since been registered in countries around the world.
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GDSO welcomes Yokohama Rubber as full member
As of January 2024, the Yokohama Rubber Co., Ltd. is a full member of the Global Data Service Organisation (GDSO) for Tyres and Automotive Components, an international non-profit association promoting standardisation and access to tyre-related data. As a GDSO member, Yokohama Rubber will comply with industry standards promoting individual tyre identification management.
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Continental sells Tikka Spikes Oy via management buy-out
Continental has sold its Finnish Tikka Spikes Oy business to the company’s management in a management buy-out (MBO). As a result, parts of Tikka’s current management team led by Juha Rautiainen will acquire all Tikka Spikes Oy shares through their newly founded company Tikka Industrial Oy. The target date for completion is 1 March 2024. All Tikka Spikes employees will stay with the new owners. Existing supply, development and testing partnerships with Continental will be continued. Both parties have agreed not to disclose the purchase price.
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AAG to distribute UniClutch brand
Clutch Industries has reached an agreement with parts distributor Alliance Automotive Group (AAG) to distribute the UniClutch™ brand in the UK, Ireland, Germany, Netherlands, Belgium, Poland, France and Spain, set to revolutionise the upgrade clutch market for motor factors, installers, and end users alike.
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