Marubeni buys controlling stake of Radial Llantas
Marubeni Corporation (Marubeni) has raised its stake in Mexican tyre distributor Radial Llantas S.A.P.I. de C.V. (RL). Marubeni initially bought a 49 per cent shareholding in RL back in 2016. On 21 August 2023, Marubeni confirmed that it now owns 80 per cent of RL thereby making RL a subsidiary of Marubeni.
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Colmec cooperating with Flexbuss
Swedish public transport operator Flexbuss – not to be confused with the firm with the green-liveried intercity coaches – has entered into a cooperation with tyre distributor Colmec Group, beginning 1 September 2023. Announcing the arrangement, Colmec key account manager Mikael Kjellgren said “we are very happy that Flexbuss chooses Colmec as its comprehensive partner regarding tyres and tyre service and I look forward to developing together.”
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Siemens joins Zeppelin Sustainable Tire Alliance
Plant engineer and equipment manufacturer Zeppelin Systems launched the Zeppelin Sustainable Tire Alliance in March 2023 to pursue a goal of increasing sustainability within the tyre industry by rethinking production and recycling within the context of a circular economy. The Alliance brings together firms from around the world in order to put this vision into practice at various points in the tyre value chain. The latest to join is Siemens AG.
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New Linglong N.A. sales company, Geoff Doster appointed president
Linglong Tire has launched a new wholly-owned subsidiary, Linglong N.A. Sales, based in Palm Beach Gardens, Florida. Geoff Doster became president of the new company effective 7 August 2023. The establishment of Linglong N.A. Sales follows the news that Linglong is considering investing in production facilities in “the Americas”.
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Sgcarmart car tyre e-shop
Sgcarmart, purportedly Singapores car sales platform, has a new online marketplace, Sgcarmart e-Shop. Available as a new feature on the platform today, automotive suppliers and distributors can now list, price and sell their inventory of car tyres to consumers online.
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No free-standing nanotubes released in tyre tread wear – OCSiAl
A tyre with a tread enhanced with single wall carbon nanotubes was exposed to accelerated wear and handling simulation tests by Akron Rubber Development Laboratory. Analysis of captured airborne particles showed no free-standing nanotubes, according to Luxembourg-based OCSiAl, which produces carbon nanotubes.
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China’s tyre export growth slows in July
The growth trend seen in China’s tyre exports throughout 2023 continued in July, albeit at a slower rate of year-on-year growth than seen earlier in the year. China’s tyre makers exported 56.89 million tyres in July 2023, 4.7% more than a year earlier. The value of these exports increased 9.4% year-on-year, to RMB 14.02 billion (£1.5 billion).
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ZC Rubber revenue rose 11.24%
In the first half of 2023, ZC Rubber’s revenue was 17.374 billion yuan (about £1.89 billion; €2.21 billion), an increase of 11.24 per cent from 15.618 billion yuan (£1.7 billion; €1.98 billion) in the same period last year. During the same period, the net profit of ZC Rubber was 1.625 billion yuan (approximately £177 million; €207 million).
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Bridgestone brings Enliten to motorsport
Teams competing in this year’s Bridgestone World Solar Challenge (BWSC) will drive on the first motorsport tyres to feature Enliten technology. Furthermore, one of the tyre specifications that Bridgestone custom designed for the 1,860-mile (3,000 km) route through Australia contains 63 per cent recycled and renewable materials.
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Sentury Tire share issue meets 75% of Spain factory costs
Approximately three-quarters of the funds that Qingdao Sentury Tire Co. Ltd. needs to set up a factory in Spain have been secured through a share issue. On 22 August, the tyre maker informed the Shenzhen Stock Exchange that it had issued 94,307,847 shares to 20 parties at a price of RMB 26.69 (£2.93, US$3.68) per share, raising approximately RMB 2.8 billion (£307.1 million, $386.4 million).
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IDEA accolade for Nexen Mars tyre
Tyre makers such as Michelin and Bridgestone may be preparing to drive on the moon, but Nexen Tire has its sights on Mars. The Korean tyre maker has received recognition in the International Design Excellence Awards (IDEA) 2023 for its Mearth concept tyre.
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Guizhou Tyre increases investment in Vietnam factory
Chinese manufacturer Guizhou Tyre released its semi-annual report on 22 August, providing progress updates about the production facilities it is currently building at home and overseas. The company also reported revenue of RMB 4.44 billion (£482.6 million, US$611.2 million) for the first half of 2023 and profit of RMB 340 million (£37.0 million, $46.8 million).
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New Linglong Tire sales company in North America
Linglong Tire has established a new wholly owned subsidiary in North America to expand its footprint in the region. As of this month, Geoff Doster, former president and chief operating officer of TBC Corporation’s TBC Brands and TBC International operations, heads the new Linglong N.A. Sales LLC business as its president. Linglong will announce further additions to the team in due course.
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Russian tyre production drops 23% in 2023
A total of 25.2 million tyres and rubber tubes were produced in Russia from January to July 2023. The country’s Federal State Statistics Service reports that this represents a production volume of just 77.3 per cent compared with the same months of 2022.
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Maxxis, Tillotson agree T4 karting sponsorship deal
After half a decade of collaboration on the T4 karting series, Maxxis and Tillotson are advancing their partnership with a new long-term deal. Maxxis will sponsor the International Tillotson T4 Series and T4 Nations Cup for the next three years. Maxxis expects that this deal will aid the growth of both the series and the Cup.
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