![LD Carbon closing $250 million contract with South Korean oil firm](https://www.tyrepress.com/wp-content/uploads/2022/08/LDC.jpg)
LD Carbon closing $250 million contract with South Korean oil firm
LD Carbon is on the brink of closing a 10-year tyre pyrolysis oil contract with a South Korean oil firm. Tyres & Accessories understands that the 10-year deal will be worth around $25 million a year, making the whole contract worth around $250 million.
Continue Reading![Site found for Pyrum’s new plant](https://www.tyrepress.com/wp-content/uploads/2020/10/59_QWJzdHJhY3QgYmFja2dyb3VuZCB3aXRoIGVhcnRoLmpwZw-scaled-e1602237450291.jpg)
Site found for Pyrum’s new plant
Pyrum Innovations will soon begin work on a new facility not far from its main plant in Germany. It reports that the town council in Homburg has unanimously approved the sale of a section of land to Pyrum for the purpose of setting up a new pyrolysis plant. The company hopes the planning and approval process can now “begin as soon as possible.”
Continue Reading![Yokohama to launch carbon-neutral tyre in 2023 as part of wider ESG programme](https://www.tyrepress.com/wp-content/uploads/2023/02/yokohama_bluearth_gt_ae51.jpg)
Yokohama to launch carbon-neutral tyre in 2023 as part of wider ESG programme
During 2022 Yokohama enacted a number of Environmental, Social and Governance (ESG) activities that laid the foundation for further ESG developments in 2023, not least the news that company will introduce a carbon-neutral tyre before the year is out.
Continue Reading![DRC a Tyrexpo first-timer](https://www.tyrepress.com/wp-content/uploads/2023/02/DRC.jpg)
DRC a Tyrexpo first-timer
Originally created by the US military as a retreading facility, Danang Rubber (DRC) claims the highest market share for truck tyres within Vietnam, a country with almost 100 million people and a very active road transportation industry. The company is also a first-time Tyrexpo Asia exhibitor and is “enthusiastically looking forward” to introducing itself to Asian and global markets.
Continue Reading![Iochpe-Maxion joins UN Global Compact](https://www.tyrepress.com/wp-content/uploads/2020/10/tlo_biz83a-scaled-e1602237521703.jpg)
Iochpe-Maxion joins UN Global Compact
Automotive wheel and structural components manufacturer Iochpe-Maxion has joined the United Nations (UN) Global Compact, the world’s largest voluntary platform for the development, implementation, and disclosure of responsible sustainability business practices.
Continue Reading![Sentury CEO and ‘number two’ running Spain factory project](https://www.tyrepress.com/wp-content/uploads/2022/09/pexels-narcisa-aciko-1292464-scaled.jpg)
Sentury CEO and ‘number two’ running Spain factory project
Following the departure of Sentury’s Spain factory project’s general manager, Warren Rudman, Sentury’s senior executives have taken up the reins of Sentury Tire (Spain), according to local business publication Economia Digital Galicia.
Continue Reading![Sentury will significantly increase production capacity in 2023](https://www.tyrepress.com/wp-content/uploads/2023/02/Picture3.jpg)
Sentury will significantly increase production capacity in 2023
Sentury’s revenue and net profit in 2022 increased year-on-year. The tyre manufacturer’s annual report shows that last year’s revenue was 6.29 billion yuan (about £760 million; €860 million), an increase of 21.53 per cent. Net profit attributable to shareholders of listed companies was 800 million yuan (approximately £97 million; €1.1 billion), an increase of 6.3 per cent.
Continue Reading![Linglong to build tyre factory in the Americas](https://www.tyrepress.com/wp-content/uploads/2023/02/news-photo1.png)
Linglong to build tyre factory in the Americas
Linglong Tire will build its next tyre factory in the Americas region. Tyres & Accessories learnt the news during a recent interview with Linglong Tire chairman Wang Feng, which took place alongside an exclusive tour of the company’s new European tyre production facility in Serbia.
Continue Reading![New Doublestar factory in Cambodia](https://www.tyrepress.com/wp-content/uploads/2023/02/Picture2.png)
New Doublestar factory in Cambodia
On 20 February 2023, the board of directors of Doublestar reviewed and approved the proposal to build a factory in Cambodia. The tyre manufacturer reportedly plans to establish a joint venture with UBE Development Co., Ltd in order to complete the plans.
Continue Reading![Yokohama adding 100,000 tyre capacity to Mie plant](https://www.tyrepress.com/wp-content/uploads/2023/02/Ise-City_150.jpg)
Yokohama adding 100,000 tyre capacity to Mie plant
Yokohama has announced plans to add 100,000 tyres-worth of production capacity to its existing factory in Ise City, Mie Prefecture, Japan.
Continue Reading![Yokohama Rubber reports record 2022](https://www.tyrepress.com/wp-content/uploads/2023/02/6561-Yokohama-Rubber-Posts-Record-Sales-Earnings-for-2022-Graph-02.jpeg)
Yokohama Rubber reports record 2022
The Yokohama Rubber Co. Ltd. has reported record sales and earnings in its fiscal 2022 (January to December 2022) figures. Sales revenue increased 28.3 per cent over the previous year, to 860.5 billion yen (£5.338 billion; 6.009 billion euros; US$6.409 billion). Business profit increased 12.8 per cent to 70.1 billion yen (£434.864 million; 489.504 million euros; $522.164 million). Both sales and profit were record figures. However, due to profit from the sale of Yokohama Rubber’s headquarters building in the previous year and other factors operating profit was down 17.7 per cent to 68.9 billion yen.
Continue Reading![Sinochem Holdings denies selling Pirelli stake](https://www.tyrepress.com/wp-content/uploads/2023/02/Picture1.png)
Sinochem Holdings denies selling Pirelli stake
On 16 February, Marco Polo International Italy S.r.l. (Marco Polo) stated that “Sinochem does not have any plan to sell its stake in Pirelli”. Marco Polo is Pirelli’s largest shareholder, holding a 37.01 per cent stake in the tyre maker. The ownership of Marco Polo belongs to China National Tyre & Rubber Co., Ltd (CNRC) under Sinochem Holdings.
Continue Reading![Integrating sustainability throughout the organisation: Goodyear EMEA VP talks sustainability](https://www.tyrepress.com/wp-content/uploads/2023/02/XavierFraipont-Goodyear-VP-Product-Development-EMEA.jpg)
Integrating sustainability throughout the organisation: Goodyear EMEA VP talks sustainability
“Sustainability” is not new, but it has really stepped into the foreground in the last couple of years. Furthermore, while “sustainability” is often used synonymously with terms like “green” and “ecological”. It is increasingly used in a much more strategic and philosophical manner to refer to areas across the gamut of environmental as well as corporate and social responsibility domains. At the same time, others have accused businesses of using such language as a means of jumping on the bandwagon and even “greenwashing” their companies to make them appear more sustainable than they are. March’s Tyres & Accessories takes a look at all these points and asks how they relate to the tyre business, beginning with this preview of an interview with Xavier Fraipont, Goodyear VP product development EMEA that will be published in the March edition of Tyres & Accessories magazine. This article is a preview of the full interview that will be published in the March edition of Tyres & Accessories magazine. Not a subscriber? No problem, click here to become one.
Continue Reading![VMI opens extended Poland tyre manufacturing machinery factory](https://www.tyrepress.com/wp-content/uploads/2023/02/2023-02-VMI-Poland-scaled.jpg)
VMI opens extended Poland tyre manufacturing machinery factory
VMI is celebrating the opening of three new assembly halls at its manufacturing site in Leszno, Poland. This brings VMI’s total available floor space in Poland to almost 30,000 square meters. The expansion of the VMI operation, which is part of technology company TKH, follows a number of years of strong growth in VMI’s core tyre and pharmaceutical business.
Continue Reading![Yokohama significantly boosting car tyre capacity in India](https://www.tyrepress.com/wp-content/uploads/2023/02/Yokohama-India-plant-sml.jpg)
Yokohama significantly boosting car tyre capacity in India
In order to satisfy increasing local demand, Yokohama Rubber is expanding passenger car tyre production capacity in India. It will invest US$82 million in its Yokohama India manufacturing and sales subsidiary to increase capacity from 2.8 million tyres per annum to 4.5 million tyres.
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