![Continental debuts new ESC brake system](https://www.tyrepress.com/wp-content/uploads/2023/05/continental_pp_changan_pp_uni-t-sml.jpg)
Continental debuts new ESC brake system
Tyres are important when stopping a vehicle, and brakes are too. Continental has both areas covered and has announced a world first for the latter: The company has commenced series production of its new generation of brake systems for Electronic Stability Control (ESC), the MK 120 ESC. The first OEM partner to receive the system is Chinese car maker Changan ahead of supply to a “European car manufacturer” later this year.
Continue Reading![Doublestar breaks ground at Cambodia plant site](https://www.tyrepress.com/wp-content/uploads/2023/05/Doublestar-Cambodia-sml.jpg)
Doublestar breaks ground at Cambodia plant site
On 9 May, numerous regional and company dignitaries attended the groundbreaking ceremony for Doublestar Tire’s new factory in Cambodia. Doublestar (Cambodia), a joint venture with UBE Development Co. Ltd., aims to meet growing international demand for high-performance radial tyres. The 400,000 square metre plant will have capacities to produce 7 million PCR tyres and 1.5 million TBR tyres annually.
Continue Reading![Michelin: €2 million for lobbying in 2022](https://www.tyrepress.com/wp-content/uploads/2023/05/michelin-sign-logo-sml.jpg)
Michelin: €2 million for lobbying in 2022
Amongst the replies to questions asked prior to the company’s Annual General Meeting on 12 May 2023, Michelin reveals that it gave out up to around €2 million for lobbying activities worldwide in 2022. The company says its lobbying activities are “focused on five priority areas.”
Continue Reading![Recycled carbon black: Nokian Tyres joins project](https://www.tyrepress.com/wp-content/uploads/2023/05/Nokian-sidewall-sml.jpg)
Recycled carbon black: Nokian Tyres joins project
Nokian Tyres is taking part in a research project that aims to improve the quality and yield of recycled carbon black from end-of-life tyres, with the goal of using this material more extensively in tyre and rubber products. The two-year development project is coordinated by Windspace Group A/S and co-financed by government initiative the Danish Eco-Innovation Program.
Continue Reading![Anyline launches truck tyre tread scanning tech, seeking early adopters](https://www.tyrepress.com/wp-content/uploads/2023/05/commercial-tire-tread.jpg)
Anyline launches truck tyre tread scanning tech, seeking early adopters
Anyline has launched commercial vehicle tyre tread scanning technology that can be used on any camera-enabled smartphone or mobile device. According to the company, the solution allows fleet operators to “improve tyre performance and longevity, ensure driver safety and reduce vehicle inspection time”.
Continue Reading![Goodyear selling tyres with Monolith pyrolysis carbon black](https://www.tyrepress.com/wp-content/uploads/2023/05/ElectricDrive-GT-sml.jpg)
Goodyear selling tyres with Monolith pyrolysis carbon black
Some 18 months after establishing a partnership with Monolith, Goodyear is launching a tyre containing the pyrolysis specialist’s carbon black. Owners of electric vehicles in North America can now fit the Goodyear ElectricDrive GT, a size 235/40R19 all-season tyre. This is the first tyre to feature this type of carbon black produced by Monolith.
Continue Reading![India: Apollo Tyres debuts Avolve service model](https://www.tyrepress.com/wp-content/uploads/2023/05/Avolve-sml.jpg)
India: Apollo Tyres debuts Avolve service model
At a meeting of business partners in Hungary, Apollo Tyres launched its new Avolve service business model. The company describes Avolve as a “servitisation model” that offers tailored solutions to targeted customers, especially commercial fleet operators. Apollo Tyres is initially rolling out Avolve across India.
Continue Reading![Goodyear: “Reviewing Elliott’s recommendations”](https://www.tyrepress.com/wp-content/uploads/2022/08/wingfoot-final-edit.jpg)
Goodyear: “Reviewing Elliott’s recommendations”
Following the publication of an open letter from shareholder Elliot Investment Management suggesting radical changes at Goodyear, executives at the company’s Akron, Ohio headquarters have released a statement confirming that they are “reviewing Elliott’s recommendations” and “intend to meet with them to discuss their views in more detail.”
Continue Reading![An olive branch to staff? Elliott Goodyear proposals don’t cut jobs](https://www.tyrepress.com/wp-content/uploads/2023/05/Elliott.png)
An olive branch to staff? Elliott Goodyear proposals don’t cut jobs
While Goodyear executives’ latest financial results include plans for a brand review and additional cost-cutting measures, the way forward suggested by one of the company’s largest shareholders apparently doesn’t include further job cuts: “For the avoidance of doubt, we are not calling for any reductions in plant capacity or factory workforce” Elliott Investment Management wrote in the 11 May 2023 letter.
Continue Reading![Petlas invests $360m in new tyre production facility](https://www.tyrepress.com/wp-content/uploads/2023/05/petlas-new-production.jpg)
Petlas invests $360m in new tyre production facility
Petlas will invest $360 million in the construction of a new light vehicle tyre production facility adjacent to the Turkish company’s existing plant in Kırşehir. The new production line will produce 100,000 tons of tyres for passenger cars and light commercial vehicles, increasing the manufacturer’s total capacity by 42 per cent, reaching 340,000 tons. It will create around 1,850 new roles. Petlas expects to break ground on the new factory in 2023, with completion slated for 2024-25.
Continue Reading![Goodyear investor calls for wholesale board changes](https://www.tyrepress.com/wp-content/uploads/2023/05/Elliot-e1683817122472.png)
Goodyear investor calls for wholesale board changes
Elliott Investment Management L.P., which holds around 10 per cent of The Goodyear Rubber & Tire Company shares, has published an open letter sent to Goodyear’s board of directors expounding on its “deep conviction in the opportunity for Goodyear to improve after more than a decade of underperformance”. Not only are Elliotts calling for five changes to the board, but they have set up a website (acceleratinggt.com) detailing plans to overhaul the business. Shares jumped 17% at the time of publication in response to the news.
Continue Reading![Nokian Tyres breaks ground on Romania factory](https://www.tyrepress.com/wp-content/uploads/2023/05/GB-scaled.jpg)
Nokian Tyres breaks ground on Romania factory
Nokian Tyres has initiated work on its Oradea, Romania passenger car tyre factory, billed as the tyre industry’s first zero CO2 emission plant. An event marking the groundbreaking was attended by the Prime Minister of Romania, Nicolae Ciucă. The President of the Bihor County Council, Ilie Bolojan, and other high-level Romanian and Finnish officials also participated along with the chair of Nokian Tyres’s board of directors Jukka Hienonen. The first tyres are estimated to be produced in the second half of 2024. Commercial tyre production is expected to start in early 2025.
Continue Reading![The benefits of multilingualism in the tyre and wheel business](https://www.tyrepress.com/wp-content/uploads/2023/05/ML.png)
The benefits of multilingualism in the tyre and wheel business
The transport industry is constantly evolving to meet the changing needs of businesses and consumers around the world. Technological advancements in areas like automation, electric vehicles, and data analytics are transforming the way we move goods and people, while global trade and e-commerce continue to drive demand for transportation services. The COVID-19 pandemic has also had a significant impact on the industry, leading to disruptions in supply chains and changes in consumer behaviour. Despite these challenges, the transport industry remains a vital component of the global economy, connecting businesses and individuals across borders and driving economic growth.
Continue Reading![Linglong EV OE reaches more than 6 million in 2022](https://www.tyrepress.com/wp-content/uploads/2023/05/LL-Mascots.jpg)
Linglong EV OE reaches more than 6 million in 2022
In 2022, Linglong Tire’s revenue was 17 billion yuan (approximately £1.94 billion; €2.24 billion). Within that, Linglong achieved a revenue of 16.73 billion yuan (about £1.91 billion; €2.2 billion) specifically from tyres. Linglong balanced its domestic and overseas businesses but the revenue brought in by domestic trade was slightly higher. The company’s tyre sales in China reached 8.55 billion yuan, and its export and overseas sales reached 8.18 billion yuan.
Continue Reading![Guangrao tyre show combines offline and online formats with Russia, Africa and Middle East focus](https://www.tyrepress.com/wp-content/uploads/2023/05/GTRAE-1.jpg)
Guangrao tyre show combines offline and online formats with Russia, Africa and Middle East focus
The 13th China (Guangrao) International Rubber Tire & Auto Accessory Exhibition (ChinaGRTAE 2023), will be officially unveiled in a few days. On 8 May, a week before the start of the exhibition, the government of Dongying, the city to which Guangrao County belongs, held a press conference on the overall situation relating to the exhibition. At the time, the organisers said that between 15-17 May at least 20,000 professional visitors will participate in the exhibition, and more than 800 foreign businessmen would visit. Tyrepress has China learned that the theme of this exhibition is “Gathering the power of the industrial chain; Building a new development pattern”. In terms of format, ChinaGRTAE 2023 will be mainly offline and supplemented by online.
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