![Jiangsu General to build joint-venture tyre factory in Baotou, Inner Mongolia](https://www.tyrepress.com/wp-content/uploads/2023/05/JG.jpg)
Jiangsu General to build joint-venture tyre factory in Baotou, Inner Mongolia
On 5 May, Jiangsu General announced plans to build a tyre plant in Baotou City, Inner Mongolia, China. The total investment is about 1.51 billion yuan (about £170 million; €200 million). After completion, it will produce 1.2 million all-steel radial truck tyres and 100,000 OTR tyres per year. Jiangsu General says it is “the first modern tyre factory in Baotou City”.
Continue Reading![Sentury Tire registers business in Morocco](https://www.tyrepress.com/wp-content/uploads/2023/05/sentury-logo-sml.jpg)
Sentury Tire registers business in Morocco
On 27 April 2023, Qingdao Sentury Tire officially registered its planned new tyre production and sales operation, Sentury Tire Morocco. The company is a wholly owned subsidiary of Sentury (Hong Kong) Trading Co., Ltd. With an investment of US$296.78 million, Sentury Tire intends to set up a plant in Tangiers with the capacity to manufacture 6 million car and light truck tyres annually.
Continue Reading![Goodyear warehouse closure: 15 job cuts, or almost 300?](https://www.tyrepress.com/wp-content/uploads/2023/05/Philippsburg_tb-550x412-1.jpg)
Goodyear warehouse closure: 15 job cuts, or almost 300?
According to an article published by our German sister site, Reifenpresse.de, the number of job losses through the closure of Goodyear’s warehouse in Philippsburg, Germany may be significantly more than the 15 jobs that the tyre maker mentioned last week. Since 1 January 2020, the facility has been operated by third-party firm Geis Tyre Warehousing GmbH, which also operates other warehouses for Goodyear in Germany and Luxembourg. Geis Tyre Warehousing told Reifenpresse.de that it currently employs almost 300 people in Philippsburg.
Continue Reading![TBC Corporation promotes Kato to President & CEO](https://www.tyrepress.com/wp-content/uploads/2023/05/TBC-Sam-Kato.jpg)
TBC Corporation promotes Kato to President & CEO
Sam Kato is the new president and chief executive officer of TBC Corporation, which through its companies is active in the tyre wholesale, retail and fleet/automotive service sectors throughout North America. He succeeds Laurent Bourrut, who is retiring after completing his assignment to “position the company for strategic growth amid the evolution of the tyre industry.”
Continue Reading![Goodyear: Steps towards Cooper integration synergies “successfully completed”](https://www.tyrepress.com/wp-content/uploads/2023/05/Brands.png)
Goodyear: Steps towards Cooper integration synergies “successfully completed”
In April we took an in-depth look at the progress of the Goodyear-Cooper integration, roughly two years after the acquisition was announced (see ‘Mission “successfully completed”? The Goodyear-Cooper integration and its contradictions’, Tyres & Accessories, April 2023). Now, in parallel with the publication of the company’s first-quarter 2023 financial results, executives have sought to answer those questions with the publication of a “Cooper Tire Integration Update” on 4 May 2023. In short, the update states that “the combination has significantly strengthened [Goodyear’s] leadership position in the global tyre industry” and that the “results of the integration were better than expected when the deal closed in June 2021”. However, Goodyear has also been significantly loss-making for the last two quarters and admitted during the first-quarter 2023 results that it is being forced to review its burgeoning brand portfolio in light of its negative fiscal position.
Continue Reading![ZC Rubber extends OE portfolio](https://www.tyrepress.com/wp-content/uploads/2023/05/Mengshi.jpg)
ZC Rubber extends OE portfolio
Several years ago, a large Chinese tyre maker expressed to us its confidence that it would supply original equipment tyres for Europe within a decade – the assumption being that its tyres would arrive on Chinese vehicle brands imported into the region. Keeping an eye on OEM deals in China thus provide insights into which tyres we may see as original equipment in the coming years.
Continue Reading![Kama Tyres turns 50](https://www.tyrepress.com/wp-content/uploads/2023/05/Kama-50-sml.jpg)
Kama Tyres turns 50
On 29 April, Kama Tyres celebrated 50 years of tyre-related production. On that day in 1973, Nizhnekamsk tyre factory produced its first inner tube for 6.15 x 13 tyres destined for fitment on Zhiguli (Lada) cars.
Continue Reading![Goodyear reports $101 million net loss in Q1 2023, EMEA cost cutting accelerated despite breakeven](https://www.tyrepress.com/wp-content/uploads/2023/05/Goodyear.png)
Goodyear reports $101 million net loss in Q1 2023, EMEA cost cutting accelerated despite breakeven
Despite a first-quarter 2023 net loss of $101 million, down $197 million compared with $96 million of positive income 12 months ago, Goodyear executives tried to shine a positive light on the US-based tyremaker’s latest financial results. Volumes may have been 3.2 million units lower than the same period last year at 41.8 million units, but net sales grew 1 per cent compared with the first quarter of 2022 and 4 per cent excluding foreign currency effects. And Goodyear EMEA is back to breakeven, but that wasn’t enough to avoid talk of accelerated cost-cutting measures.
Continue Reading![E-commerce on show at Guangrao tyre exhibition](https://www.tyrepress.com/wp-content/uploads/2023/05/GG1.jpg)
E-commerce on show at Guangrao tyre exhibition
On 15 May, the 13th China (Guangrao) International Rubber Tire & Auto Accessory Exhibition (ChinaGRTAE 2023) opens. Since it was first held in 2010, the Guangrao Tire Exhibition has held ten offline and two online exhibitions. The ChinaGRTAE 2023 is this large tyre exhibition’s first physical event since 2019.
Continue Reading![Pyrum Innovations claims CFRP recycling breakthrough](https://www.tyrepress.com/wp-content/uploads/2023/05/Pryum-sign-sml.jpg)
Pyrum Innovations claims CFRP recycling breakthrough
In addition to recycling end-of-life tyres, Pyrum Innovations is utilising its technology for the recycling of carbon fibre-reinforced plastics (CFRP). After almost four years of development, the firm has commissioned an automated, semi-industrial CFRP recycling plant. The company points out that this is the ”first time CFRP has been holistically recycled worldwide.”
Continue Reading![Sailun’s revenue exceeds 20 billion yuan, ranked #1 Chinese listed tyre firm](https://www.tyrepress.com/wp-content/uploads/2023/05/Sailun.jpg)
Sailun’s revenue exceeds 20 billion yuan, ranked #1 Chinese listed tyre firm
In 2022, Sailun’s revenue was 21.9 billion yuan (approximately £2.55 billion; €2.89 billion), a year-on-year increase of 21.69 per cent. Sailun became the first listed Chinese tyre company with revenue exceeding 20 billion yuan. At the same time, the company’s revenue in 2022 surpassed Linglong, becoming the number one listed tyre company in China. During the reporting period, Sailun produced 43.2078 million tyres, sold 43.903 million tyres, and realized a net profit of 1.33 billion yuan (about £150 million; €180 million).
Continue Reading![TRA to review anti-Chinese-produced truck tyre tariffs](https://www.tyrepress.com/wp-content/uploads/2019/06/Truck-tyre.jpg)
TRA to review anti-Chinese-produced truck tyre tariffs
Following the news that the EU introduced new definitive duties against Chinese-produced truck tyres, and the suggestion that a UK investigation is imminent, the UK Trade Remedies Authority (TRA) has initiated “two transition reviews into anti-dumping and countervailing measures on lorry and bus tyres imported from China”.
Continue Reading![Hankook Tire continues local clean-up after Daejeon plant fire](https://www.tyrepress.com/wp-content/uploads/2023/05/Hankook-water-truck.jpg)
Hankook Tire continues local clean-up after Daejeon plant fire
By 25 April, Hankook Tire & Technology had received more than 2,000 complaints from local residents, businesses and farmers related to the fire that broke out at its Daejeon tyre plant on 12 March. In a statement issued today, the company indicates its intention to provide compensation as soon as possible for those complaints that are “closely related to the fire incident and can be proven.” Hankook Tire is also engaged in clean-up activities and repairing public facilities in order to “restore daily life” in the local area.
Continue Reading![Ruia Group bids to acquire Birla Tyres](https://www.tyrepress.com/wp-content/uploads/2023/05/birla-tyres-head-office.jpg)
Ruia Group bids to acquire Birla Tyres
BTL – the business known as Birla Tyres prior to its demerger from Kesoram Industries in 2020 - is insolvent, and two companies are in the running to acquire the tyre maker. One is the Ruia Group, former owner of the Dunlop brand in India.
Continue Reading![Yokohama Avid S34 tyres OE on new Subaru Impreza in North America](https://www.tyrepress.com/wp-content/uploads/2023/05/Yokohama-AVID-S34-HR.jpg)
Yokohama Avid S34 tyres OE on new Subaru Impreza in North America
Yokohama has begun delivering its Avid S34 tyre in size P225/40R18 88V to Subaru for fitment on the new Impreza. The North American all-season tyre features the mud and snow (M+S) marking on the sidewall. It features a wide tread that ensures a larger contact area, providing stable driving performance on both dry and snow-covered roads. Its tread pattern incorporates a large number of grooves that grip snow road surfaces, improving traction and safety. It also has an improved structure to increase stability.
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