First pyrolysis oil made in Pyrum’s expanded plant
Pyrum Innovations has produced the first batch of pyrolysis oil in one of the two new reactors it has installed at its main facility in Germany. Although the Pyrum team has only made “small quantities” of oil so far, this marks a further step towards volume production.
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Kumho Tire – 3 years of “continuous operating losses”
On 7 November, the Shanghai Stock Exchange published the 2023 credit rating report for Qingdao City Construction Investment (Group) Co Ltd. (Qingdao City Investment), the holding company of Qingdao Doublestar and Kumho Tire. Our sister publication Tyrepresschina.com has shared some of the key details contained within the report, which is dated June 2023.
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Sentury Tire: 1 million OE tyres & increased aviation business
During an earnings presentation held on 8 November, China’s Sentury Tire shared its expectation of selling more than one million original equipment tyres in 2023. The company added that it is focusing on “mid- to high-end” OEMs.
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Goodyear Farm Tires returns to Poland
Polish tyre wholesaler Latex and its subsidiary Hurtopony have taken on distribution of the Goodyear Farm Tire range. The four main centres in Ruda Slaska, Opole, Bydgoszcz and Sosnowiec will supply tyres to the Latex national network.
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Germany’s SD Reifen in liquidation
Tyre distributor SD Reifen GmbH recently went into liquidation, which means its business activities will officially end in autumn 2024. Bernd Schwarz, company shareholder and managing director of the German firm since its founding almost eight years ago, has been appointed to the role of liquidator.
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Black Donuts – Europe a ‘unique opportunity’ for Chinese tyre makers
At a conference hosted by VMI Group in Yantai, China last month, the chief executive officer of Black Donuts spoke on why he believes Europe to be an “underutilised opportunity for tyre companies.” Kai Hauvala also shared insights on why Black Donuts believes the European market is an excellent opportunity for foreign tyre manufacturers and why Chinese tyre businesses should consider the region as their next big step.
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Guizhou Tyre increasing solid tyre capacity
Another investment for China’s Guizhou Tyre. Only a couple of months after announcing plans to lift its Zhazuo factorys annual OTR tyre capacity by 380,000 pieces and increase investment in its plant in Vietnam by US$58.08 million, the company says it will also invest RMB 300 million (£33.5 million) in a new solid tyre product at the Zhazuo site.
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ISCC Plus certification for Kordsa Izmit plant
The Kordsa tyre reinforcement plant in Izmit, Turkey has gained ISCC (International Sustainability Carbon Certification) Plus certification. The Sabancı Holding subsidiary declares that this certification solidifies Kordsa’s “commitment to international sustainability standards” and specifically endorses the eco-friendly production of recycled polyester yarn, single cords, and cord fabrics within its product range.
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Federal chairman and general manager resigns
On 1 November, Federal Corporation announced that chairman and general manager Chen Heng Kuan resigned “due to other official duties”.
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Pollution board orders production stop at Ceat factory
The environmental regulatory body in India’s Maharashtra state has ordered tyre maker Ceat Ltd to pause operations at one of its plants. In notifications supplied to the BSE and National Stock Exchange of India, Ceat reports that the Maharashtra Pollution Control Board told it to “close down operations” at the Bhandup factory in the suburbs of Mumbai. According to Ceat, the Board’s correspondence of 4 November 2023 claims “certain alleged violations of the pollution control norms.”
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Goodyear EMEA responds to global challenges
In mid-October Tyres & Accessories visited the Goodyear EMEA headquarters in Brussels, Belgium, to hear more about exactly how executives are leading the business through its recent tumultuous times. The group of executives Tyres & Accessories met with specifically included David Anckaert, Goodyear EMEA vice-president, consumer; and Troy Scully, vice president, communications and public affairs EMEA. The topics we covered included business transformation, manufacturing optimisation and brand reorganisation. The full article is published in the November edition of Tyres & Accessories, but here’s a brief preview of that detailed response. This article is a preview of the full interview that will be published in the November edition of Tyres & Accessories magazine. Not a subscriber? No problem, click here to become one.
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Goodyear reports third quarter net loss of $89 million, sales down ~3%
Goodyear executives highlighted “improving industry conditions” and “solid operating results” in their third-quarter 2023 investor letter. High points include the Americas and Asia Pacific regions delivering margins above 8 per cent (the overall company’s goal for the second-half) during the quarter. Overall third-quarter segment operating income margin was 6.5 per cent, but the company “continue[s] to anticipate further gains during the fourth quarter.”
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rCB – Bridgestone & Michelin share progress in white paper
Following on from their call to action at the 2021 Smithers rCB conference, Bridgestone Corporation and Michelin Group have updated progress on their goal of increasing recovered carbon black (rCB) utilisation in tyre production. A joint technical white paper, titled Bridgestone & Michelin: Recovered Carbon Black Guidelines, shares the results of their work with other stakeholders to develop a global standard to this end.
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Pyrum Innovations gears up for capacity boost at main site
Capacity at Pyrum Innovations AG’s main plant in Dillingen/Saar, Germany will soon increase following the successful warm commissioning of the site’s two new pyrolysis reactors. With licensing authorities having given the green light for production to start, Pyrum will soon begin recovering oil from end-of-life tyres within Reactors 2 & 3.
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Korean firms launch ELT consortium
The inaugural meeting of the Tire-to-Tire Circular Economy Model consortium took place at Hankook Tire & Technology’s Technodome facility in Daejeon, South Korea on 1 November. The Hankook Tire-initiated consortium aims to create a sustainable business model for end-of-life tyres in Korea by “designing innovative upcycling processes” for turning them into new tyres.
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