New name for former Continental Russia plant
With holding company S8 Capital having acquired the assets of Continental AG in Russia, the LLC Continental Kaluga tyre manufacturing facility has been renamed LLC Cordiant Kaluga. The new legal name came into force on 17 August 2023 and the business will in particular be responsible for tyre production at the former Continental plant in Kaluga, some 100 miles southwest of Moscow.
Continue Reading
Goodyear to exhibit Powerload and OTR tyres at steinexpo 2023
Goodyear is showcasing its premium OTR tyres and solutions for construction and industrial machinery at steinexpo 2023 (23-26 August in Homberg, Germany). Goodyear will showcase its Powerload, GP-3E, Omnitrac Heavy Duty, and TL-4A OTR tyres, alongside its TPMS Heavy Duty solution on stand (B81) in the open-air area of the fair. “We offer a large portfolio of high-performance tyres for industrial and construction machinery. For us, steinexpo is the perfect opportunity to present a selection of our OTR tyre segment and to enter into a valuable personal exchange directly with our customers,” says Octavian Velcan, managing director OTR & Aviation EMEA at Goodyear.
Continue Reading
‘La Carrera Panamericana’ drives with Liqui Moly
Liqui Moly is delighted to confirm a cooperation with “Carrera Panamericana”, by far the most famous race series in Mexico, which is held during October and has been around for decades. From 13-19 of October 2023, drivers from around the globe will drive through a very special route in Mexico. Known worldwide in its initial stage as “The Mexican Road Race”, the automobile sports competition also goes by the name of La Carrera Panamericana. La Carrera, a rally-type sporting event, is catalogued as one of the most important of its kind, in addition to being the longest in the world, even surpassing the Mille Miglia and Targa Florio races in Italy.
Continue Reading
Continental advances phase 4 of Hefei tyre plant
On the afternoon of 17 August, Yu Aihua, Party Secretary of Hefei City, Anhui Province, held talks with Christian Kötz, Head of the Continental Tyres division. Tyrepress China learned that Yu and Kötz talked about “accelerating the construction of the fourth phase of the (Hefei factory) project” and planning the follow-up “automotive electronics, R&D centre project”.
Continue Reading
Cooper Kunshan tyre factory forced to limit production
In May this year, China’s environmental protection department imposed a penalty on the Cooper Kunshan factory, restricting production on the grounds of violating the “Air Pollution Prevention and Control Law”. At the same time, the tyre manufacturing base was fined 240,000 yuan.
Continue Reading
New Forceum Trideka MPV tyre
At the start of August, EP Tyres reported that it has developed a new small MPV tyre under its Forceum brand.
Continue Reading
New Accelera drifting tyre launched
Indonesian tyre manufacturer, Elang Perdana (EP Tyres) has released the 651 Pro under its Accelera brand.
Continue Reading
Blatco and Kingdom Tyres’s Saudi Arabia tyre factories progress
Plans for two Saudi Arabia tyre factory projects were announced during 2022. In January 2022, Black Arrow Tire Company (Blatco) agreed to a tyre factory construction joint venture with Kumho. By June 2022, Kingdom Tyres, which describes itself as Saudi’s largest tyre producer, signed a provisional investment agreement with the Royal Commission for Jubail & Yanbu. Here Tyres & Accessories considers the latest developments with both projects and asks if the market is big enough for both factories?
Continue Reading
Government mandates and infrastructure investments to fuel EV growth globally – GlobalData
The electric vehicle (EV) sector registered exponential growth during the last decade due to depleting fossil fuel reserves and growing awareness about the impact of global warming. As EVs are a viable option to replace internal combustion engine (ICE) vehicles, EV sales increased substantially in several countries despite the automotive industry facing supply chain constraints in 2020 due to the COVID-19 pandemic. Global EV sales reached 7.7 million units in 2022, up from 1.4 million units in 2018, and are anticipated to reach 51.6 million units in 2035, driven by government mandates and infrastructure investments, according to data and analytics company GlobalData.
Continue Reading
Bridgestone breaks ground on $550 million truck tyre project
On Wednesday, Bridgestone Americas held a groundbreaking ceremony for the expansion of one of its truck and bus tyre plants in the USA. An investment of US$550 million will increase the footprint of the Warren County, Tennessee factory by 850,000 square feet (79,000 square metres) and lift production capacity while adding 380 jobs to the plant’s workforce. Bridgestone will also equip the plant for producing tyres featuring Enliten technology.
Continue Reading
ADAS testing market is expected to hit $202.7 billion by 2033
The global advanced driver assistance system (ADAS) testing equipment market is projected to attain a valuation of US$56.4 billion in 2023 and is expected to accumulate over $202.7 billion by 2033, trailing a compound annual growth rate (CAGR) of 13.6 per cent from 2023 to 2033.
Continue ReadingAnyline names Petra Preining as board chair
Anyline has appointed Petra Preining as its first chairperson of the board. Petra Preining will lead the board and ensure as an independent chairperson that Anyline pursues and builds on its strong, future-proof strategy to continue to grow the company.
Continue Reading
Davanti Tyres exhibiting at CITExpo 2023
Davanti Tyres is returning to CITExpo in Shanghai, China, exhibiting at the 2023 show. After a short break due to the Covid-19 pandemic, Davanti will showcase 17 products covering all seasons during the event which takes place 4-6 September. And what’s more, the CITExpo line-up includes previews of a number of new products.
Continue Reading
Danish authority ends NDI acquisition case as Euromaster prepares to leave
The Danish Competition and Consumer Authority has suspended its investigation into the planned NDI Group acquisition of Euromaster Danmark. Following the collapse of the two companies’ planned merger, the Euromaster Group announced that it will “not continue its activities in Demark” after the end of 2023.
Continue Reading
Groupe Touchette acquires Fastco Canada
Canada’s largest locally owned tyre distributor has acquired the country’s largest manufacturer and distributor of alloy and steel wheels and accessories. With its purchase of Fastco Canada, Groupe Touchette Inc., views itself as positioned to “significantly expand” its service offering and is confident the transaction will provide Fastco Canada with “greater access to new markets.” The tyre wholesaler also speaks of “strong synergies in product offering.”
Continue Reading
