![Chinese truck tyres: EEC closes dumping loophole](https://www.tyrepress.com/wp-content/uploads/2023/02/EEC-docs.jpg)
Chinese truck tyres: EEC closes dumping loophole
Russia and its friends within the Eurasian Economic Union (EAEU) will soon extend the scope of anti-dumping duties applied to truck tyres from China to counter instances of duty avoidance. The EAEU’s Eurasian Economic Commission (EEC) issued an announcement to this effect on 1 February 2023.
Continue Reading![ContiCasingAccount kicks off](https://www.tyrepress.com/wp-content/uploads/2023/02/ContiCasing-Account-klein.jpg)
ContiCasingAccount kicks off
Continental has designed a new service for European truck tyre dealers – the ContiCasingAccount. In short, the system enables dealers to deposit used casings into an account and receive a credit for them. According to the company, the new service has already been successfully tested by 28 dealers in Germany. The program will be now rolled out to all interested European tyre dealers. However, Tyres & Accessories understands that the service won’t operate in the UK where a different system is in place.
Continue Reading![Bridgestone gains SBT Certification for CO2 targets](https://www.tyrepress.com/wp-content/uploads/2023/02/sbtcertificationglobal02-02-23.png)
Bridgestone gains SBT Certification for CO2 targets
Bridgestone has received Science Based Targets (SBT) certification from SBT initiative (SBTi) for its CO2 emissions reduction targets for 2030, which form part of the company’s Sustainability Business Framework that “ensures the link between sustainability activities and business for contributing to carbon neutrality and a circular economy across the entire value chain”. These efforts align with the “Bridgestone E8 Commitment” which is designed to accelerate transformation to a sustainable solutions company.
Continue Reading![moveero appoints new CFO](https://www.tyrepress.com/wp-content/uploads/2023/02/Anirudh-Pandit.jpg)
moveero appoints new CFO
moveero has named Anirudh Pandit as Chief Financial Officer (CFO), a move that sees Pandit take global responsibility for the company’s finance function.
Continue Reading![Wang Feng resigns as general manager of Aeolus](https://www.tyrepress.com/wp-content/uploads/2022/12/Picture3.jpg)
Wang Feng resigns as general manager of Aeolus
On 19 January 2023, Aeolus stated that Wang Feng resigned from the role of general manager due to work needs. However, while he has left that position, Wang Feng remains chairman of Aeolus. On 5 December 2022, Wang Feng was appointed as the chairman of China National Tire & Rubber Co., Ltd. (CNRC), the controlling shareholder of Aeolus
Continue Reading![Trelleborg: No reason Yokohama deal shouldn’t be approved](https://www.tyrepress.com/wp-content/uploads/2020/01/Trelleborg-brand-agriculture-1.jpg)
Trelleborg: No reason Yokohama deal shouldn’t be approved
Following the news that the UK Competitions and Market Authority (CMA) has opened an investigation into Yokohama’s acquisition of Trelleborg Wheel Systems (TWS), Trelleborg representatives have clarified that – in their view – “…there are no reasons why this deal should not be approved.”
Continue Reading![Speedy and Saemes in tyre retail/car park cooperation](https://www.tyrepress.com/wp-content/uploads/2023/01/multi-storey-car-park-1271919-scaled.jpg)
Speedy and Saemes in tyre retail/car park cooperation
French car parking business Saemes is partnersing with Speedy (the French, Bridgestone-owned tyre and fast-fit operation) and “additional partners” to offer “maintenance of all types of vehicles within its car park”.
Continue Reading![Does Apollo occupy 35% of the Indian tyre market?](https://www.tyrepress.com/wp-content/uploads/2023/01/Indian-Tyre-Market_Question-Mark.jpg)
Does Apollo occupy 35% of the Indian tyre market?
At the start of 2022, several sources on social media shared a chart suggesting that Apollo Tyres is the biggest tyre manufacturer by market share. And what’s more, Michelin was nowhere to be seen. “Don’t believe every meme you see” is great advice for everyone, but for us “check your sources” is a basic rule of thumb. So, we had to take a closer look at those market share claims and found that, while there’s no smoke without fire and they do relate some truth, there is also a fair bit more to the story.
Continue Reading![Automatic driving moves closer – Goodyear on Gatik collaboration](https://www.tyrepress.com/wp-content/uploads/2023/01/1920_gy-1.jpg)
Automatic driving moves closer – Goodyear on Gatik collaboration
In what the companies are describing as an important step towards safer and more sustainable goods movement through autonomous transportation, Goodyear and Gatik have demonstrated, in a proof of concept, that intelligent tyres powered by Goodyear SightLine technology can accurately estimate tyre-road friction potential and provide real-time information to Gatik’s automated driving system (ADS). The breakthrough will add more utility to what a tyre can deliver by providing critical data that can help enhance vehicle safety and performance, increasing efficiency and value for Gatik’s customers in the B2B short-haul market.
Continue Reading![Goodyear job cuts: Unanswered questions in the UK and EMEA tyre markets](https://www.tyrepress.com/wp-content/uploads/2023/01/WINGFOOT-ONE-4-scaled.jpg)
Goodyear job cuts: Unanswered questions in the UK and EMEA tyre markets
Goodyear’s decision to cut 5 per cent of its global salaried employees is shocking enough for the firm’s 72,000-strong worldwide workforce. However, the fact that senior executives directly linked that decision to the company’s worse-than-expected performance in the EMEA region (Europe Middle East and Africa) is giving employees in those countries extra cause for concern.
Continue Reading![German rubber sector union demanding higher wages](https://www.tyrepress.com/wp-content/uploads/2023/01/Goodyear-Hanausml.jpg)
German rubber sector union demanding higher wages
In what may be a poorly timed coincidence the announcement of a notable reduction in Goodyear’s global workforce came just days after the union representing many employees in Germany confirmed demands for more money. On 25 January, union IG BCE shared details of upcoming negotiations on behalf of 25,000 rubber sector workers, naming Goodyear as one of the “large companies” it represents. The union’s income wishlist includes a cost of living pay rise and one-off inflation bonus.
Continue Reading![Goodyear to cut 5% of salaried staff globally, $80 million 4Q loss expected in EMEA](https://www.tyrepress.com/wp-content/uploads/2023/01/goodyear-innovation-center-luxembourg-exterior-20210311.jpg)
Goodyear to cut 5% of salaried staff globally, $80 million 4Q loss expected in EMEA
Goodyear Tire & Rubber Company is planning “rationalization and workforce reorganization” actions that would result in a 5 per cent reduction in salaried staff globally, or about 500 positions. According to executives, the move has been prompted by the “challenging industry environment and cost pressure driven by inflation.” However it is also attributed to weaker-than-expected fourth-quarter results:
Continue Reading![Solidium: Nokian Tyres Romania plans offer ‘good prospects for building the business on a new basis’](https://www.tyrepress.com/wp-content/uploads/2023/01/Solidium-shares.png)
Solidium: Nokian Tyres Romania plans offer ‘good prospects for building the business on a new basis’
Publishing its second-half 2022 report on 25 January, Solidium Oy (Nokian Tyres’ largest single shareholder) expressed confidence in the Finnish tyremaker’s work last year.
Continue Reading![Is Nokian Tyres a takeover target?](https://www.tyrepress.com/wp-content/uploads/2023/01/Vsevolozhsk_plant_from_outside_2-scaled-e1674572219104.jpg)
Is Nokian Tyres a takeover target?
How the Russia-Ukraine war, the companys low share price and other challenges make Nokian Tyres prime takeover material for a premium brand with the money and desire
Continue Reading![Up to 49” – Sailun upgrading OTR tyre production](https://www.tyrepress.com/wp-content/uploads/2023/01/Sailun-OTR.jpg)
Up to 49” – Sailun upgrading OTR tyre production
On 18 January, Sailun Group announced an 833-million-yuan (£99.63 million) investment to upgrade OTR tyre production at its plant in Qingdao, China. The upgrade will allow Sailun to produce OTR tyres in sizes up to and including 49-inch. The tyre maker intends to complete this upgrade and adjust its production portfolio within a period of ten months.
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