![Tomket and Tyres Life extend partnership](https://www.tyrepress.com/wp-content/uploads/2023/03/tomket-sport-205-50-zr17-93w.jpg)
Tomket and Tyres Life extend partnership
Tomket Tyres will now be distributed by Tyres Life across the UK (excluding the North East and, Ireland). The extended partnership will be announced on 18 March via the Wolves versus Leeds United English Premier League game, which will be broadcast globally via 200+ channels including UK broadcasters Sky Sports, BBC Match of the Day. At the same time, Tyres Life has relocated to a larger warehouse.
Continue Reading![New Polestar 2 BST 270 sports Pirelli tyres](https://www.tyrepress.com/wp-content/uploads/2023/03/2023-Polestar-2-BST-270.jpg)
New Polestar 2 BST 270 sports Pirelli tyres
Polestar CEO, Thomas Ingenlath, tweeted a teaser video of the company’s new limited-edition 2023 model year Polestar 2 BST 270 on 16 March. Details are scant ahead of the official launch of the latest performance-oriented Polestar 2 upgrade, but something we do know about is the tyres.
Continue Reading![Sold: Tatneft pays 285 million euros for Nokian Tyres’ Russian operations](https://www.tyrepress.com/wp-content/uploads/2022/02/vlez-tehdas.jpg)
Sold: Tatneft pays 285 million euros for Nokian Tyres’ Russian operations
Nokian Tyres reports that it has received the sale price of 285 million euros from PJSC Tatneft for the sale of its operations in Russia. The total permissible transaction price defined by the Russian Governmental Commission was 23,050 million rubles. Now there are just “registration formalities” before the transaction completes and Nokian Tyres’ operations in Russia therefore end.
Continue Reading![SRI Thailand tyre factory will have world’s largest rooftop solar panel array](https://www.tyrepress.com/wp-content/uploads/2023/03/Solar-Panel-Thailand.jpg)
SRI Thailand tyre factory will have world’s largest rooftop solar panel array
The world’s largest rooftop solar panel installation on a single facility, according to Internal KEPCO Research, is being installed at Falken’s parent company (Sumitomo Rubber Industries’ - SRI) factory in Thailand.
Continue Reading![Federal’s debt-to-asset ratio reaches 60%](https://www.tyrepress.com/wp-content/uploads/2023/03/Federal.jpg)
Federal’s debt-to-asset ratio reaches 60%
On 14 March, Federal Tire said it would hold a general shareholder meeting in three months. Tyrepress China found that the tyre manufacturer will issue a “Report on losses up to half of the paid-in capital” at the general meeting of shareholders. Federal explains that “the accumulated losses of the company in 2022…reached one-half of paid-in capital”. This document shows that the Federal business situation in 2022 seems to have fallen into a trough.
Continue Reading![Yokohama boosting Indian plant’s passenger car annual tyre capacity to 4.5 million tyres](https://www.tyrepress.com/wp-content/uploads/2023/03/Visakhapatnam_Plant.jpg)
Yokohama boosting Indian plant’s passenger car annual tyre capacity to 4.5 million tyres
Yokohama is investing US$82 million in expanding the annual passenger car tyre production capacity of its Yokohama India Pvt. Ltd. (YIN) from 2.8 million to 4.5 million tyres. The new capacity will be installed within premises of the Visakhapatnam plant in eastern India and is scheduled to start production in the fourth quarter of 2024. At that point, the factory will be capable of building passenger car tyres up to 22 inches.
Continue Reading![Nexen raises winter tyre prices across Europe](https://www.tyrepress.com/wp-content/uploads/2023/03/snow-1890653_1920.jpg)
Nexen raises winter tyre prices across Europe
Nexen Tire has increased the price of its winter tyres across all the companys own brands in the replacement market. The new price list for winter tyres will be valid for the whole European market, including the United Kingdom and Turkey.
Continue Reading![Hankook confirms chairman’s arrest](https://www.tyrepress.com/wp-content/uploads/2020/10/59_QWJzdHJhY3QgYmFja2dyb3VuZCB3aXRoIGVhcnRoLmpwZw-scaled-e1602237450291.jpg)
Hankook confirms chairman’s arrest
Hankook Tire & Technology has confirmed reports of the arrest of Hankook Tire chairman Cho Hyun-bum. Writing in statements published between 7-9 March, company officials confirmed that: “On 6 March 2023, the Seoul Central District Prosecutors Office requested an arrest warrant for our executive, Cho Hyun-bum. As a result of the Seoul Central District Courts pre-arrest interrogation (arrest warrant review), an arrest warrant was issued on 9 March 2023.”
Continue Reading![Toyo Tires participating in endurance races at Nürburgring](https://www.tyrepress.com/wp-content/uploads/2023/03/DSC9435-scaled.jpg)
Toyo Tires participating in endurance races at Nürburgring
Toyo Tire Corporation is partnering with Ring Racing to participate in the Nürburgring 24 Hours (The ADAC TotalEnergies 24h Nürburgring), which will take place from 18-21 May 2023, and the Nürburgring Endurance Series (Nürburgring Langstrecken Serie), a year-long series competition that is to open on 17 March 2023.
Continue Reading![Next stop “Americas”: Linglong aiming for global production capacity top 5 by 2030](https://www.tyrepress.com/wp-content/uploads/2023/03/Mr.Wang_-scaled-e1678809558240.jpg)
Next stop “Americas”: Linglong aiming for global production capacity top 5 by 2030
Alongside an exclusive tour of Linglong Tire’s new European production base in Serbia, Tyres & Accessories sat down with chairman Wang Feng in a conversation that covered topics including the company’s plans for its latest factory in Serbia, the location of its next manufacturing investment and the fast-growing tyre manufacturer’s strategic goals.
Continue Reading![Prinx Chengshan: Intelligent manufacturing the basis of future success](https://www.tyrepress.com/wp-content/uploads/2023/03/auto_5590.jpg)
Prinx Chengshan: Intelligent manufacturing the basis of future success
China-based tyre manufacturer Prinx Chengshan is in the process of expanding in the wider Asia-Pacific area, having revamped its four major brands Prinx, Chengshan, Austone and Fortune for 2023. That revamp was achieved by “relying on the company’s national-level enterprise technology innovation centre and new energy collaborative research centre”, Prinx Chengshan reports, adding that it has “vigorously conducted cutting-edge tyre technology research, created an international standard new product matrix, and achieved fruitful results.”
Continue Reading![Tatneft paying just 286 million euros for Nokian Tyres Russian assets](https://www.tyrepress.com/wp-content/uploads/2022/10/Tatneft-scaled.jpg)
Tatneft paying just 286 million euros for Nokian Tyres Russian assets
PJSC Tatneft reports that the Russian Governmental Commission on Monitoring Foreign Investments has approved Tatneft’s purchase of Nokian Tyres plc’s operations in Russia, a deal that was announced on 28 October 2022. That much was expected, some would say overdue. However, Nokian Tyres reports that Tatneft will only be paying around 286 million euros for company’s high-tech St. Petersburg factory and other local assets.
Continue Reading![Hankook Tire halts production after “huge” fire at Daejeon plant](https://www.tyrepress.com/wp-content/uploads/2023/03/Hankook-Fire.png)
Hankook Tire halts production after “huge” fire at Daejeon plant
Fire broke out at Hankook Tire and Technologys Daejeon factory at 22:09 local time on Sunday 12 March. 11 people were injured, 10 Hankook staff members and one firefighter. The injuries are said to relate to smoke inhalation and are not described as serious. Now, as a result of the fire, production has been halted for an indefinite period. Nevertheless, staff say they are making every effort to get the factory operational again.
Continue Reading![Trelleborg Wheel Systems sale likely to close in May](https://www.tyrepress.com/wp-content/uploads/2021/06/Trelleborg-scaled.jpg)
Trelleborg Wheel Systems sale likely to close in May
Trelleborg Group has moved its 2023 Capital Markets Day from 21 March to 23 May. We don’t normally report on such perfunctory announcements, but the reason for the above postponement is what makes this particular news of greater interest. According to an official statement published on 9 March, the reason is that “the divestment of groups tyre operation” that is Trelleborg Wheel Systems (TWS) “is not yet finalized”.
Continue Reading![Sentury buys land for Morocco tyre factory project](https://www.tyrepress.com/wp-content/uploads/2023/03/Sentury-M.jpg)
Sentury buys land for Morocco tyre factory project
On 3 March, Sentury purchased 20 hectares of land for the company’s Morocco tyre factory project. Lin Wenlong, general manager of the tyre manufacturer, formally signed a land purchase agreement with the company in charge of the Tangier Tech City project. According to various reports, Sentury will use this piece of land located in Mohammed VI Tangier Tech City to build a factory in Morocco. The project is scheduled to start construction in July 2023 ahead of an 18-month construction period.
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