Groundbreaking for Yokohama Tire plant in China
Yesterday morning, Yokohama Rubber held a groundbreaking ceremony for its Hangzhou Qiantang Yokohama Tire Co., Ltd plant in China. Yokohama Rubber intends for the factory to begin operations in 2026 with an initial production capacity of 9 million passenger car tyres a year, a quantity that will deliver estimated annual revenues of RMB 3.5 billion (£379.6 million). The factory’s planned final yearly capacity is 14 million tyres.
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Phase 2 expansion begins following Haohua Vietnam inauguration
Some six weeks after the actual start of production at the Haohua Vietnam Co., Ltd tyre factory, company officials hosted national and local dignitaries for the facility’s inauguration on 14 December. During the ceremony, the company shared details about the planned second phase of development at the site.
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Ecolomondo awaits replacement milling line
With the installation of a new milling line at its Hawkesbury site in Canada, Ecolomondo Corporation will have the capacity to mill an additional tonne or so (2,200 lbs) of recovered carbon black (rCB) hourly. This milling line replaces a previously installed line which failed to achieve the promised output of 725 kg (1,600 lbs) per hour of rCB and additionally didn’t yield the particle size of 10-15 microns required by many Ecolomondo rCB off-takers.
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Tyres & Accessories launches new long-term analysis publication, Trends & Facts
Tyre Industry Publications, the publisher of the market-leading monthly magazine for tyre and wheel professionals, Tyres & Accessories, has produced a new special publication examining some of the long-term trends from the tyre business in detail. Trends & Facts takes a long-term view of topics such as the online tyre business, dynamics in the passenger car and light truck tyre segments, and the state of tyre manufacturing in Russia to take the temperature of the wider tyre sector in 2024. It is the perfect complement to Tyres & Accessories’ blend of industry stories and market analysis. Available as a standalone publication for instant download, the magazine is offered as a membership benefit to all existing and new subscribers to Tyres & Accessories (print and digital) or Tyrepress (digital only) - see our subscription shop to find out how to become a member today.
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Kumho completes season as official Mazda MX-5 Championships tyre sponsor
Kumho Tyre, the official tyre sponsor of the British Racing and Sports Car Club’s (BRSCC) Mazda MX-5 Supercup and Championship race series, has celebrated a thrilling season after the final round of the series at Brands Hatch on 19 and 20 October 2024 saw Aiden Hills winning the Supercup and Thomas Langford clinching the Championship title, while Jonathan Greensmith was victorious in the Clubman series, marking a successful year for both drivers and Kumho’s high-performance tyres.
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Shortis Group reduces carbon footprint with solar panels and EV fleet
The Shortis Group moved towards its fleet electrification goals by recently acquiring four fully electric Toyota Proace City vans. The decision is part of an initiative aimed at “transitioning to more sustainable transportation options”, according to the company.
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MAN ends OE tyre supply cooperation with Linglong; VW reviewing facts
Around a year and a half ago, Germany’s Deutschlandfunk radio reported on the alleged disregard for environmental social rights by Chinese tyre manufacturer Shandong Linglong in connection with the construction of its new production plant in Serbia, which was commissioned in mid-2022 and opened in early 2023. A few weeks ago, the Tagesspiegel made similar accusations against the company, and now Managermagazin has turned its attention to this topic and the accusations made against the supplier in connection with the construction of its new plant, which range from human rights violations to human trafficking.
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Charges dropped in tyre wholesaler fire case
Criminal proceedings have been dropped against the pyrotechnician whose fireworks hit the headlines following a major blaze at Germany’s largest tyre wholesaler, Reifen Göggel. The pyrotechnician was charged with negligent arson after a fire broke out during the wedding celebration of then-company owner Bruno Göggel in July 2022. The blaze caused 22 million euros of damage to Reifen Göggel’s facility in Gammertingen, Baden-Württemberg.
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Sailun to reduce risk with currency hedging programme
Sailun Group Co., Ltd. has authorised a foreign exchange hedging programme to mitigate risks from currency fluctuations affecting its operations, particularly those related to US dollar and euro denominated transactions. The programme, approved by the company’s Board of Directors on 13 December and confirmed by its Supervisory Board, allows for transactions up to RMB 6 billion (£653.1 million) or its equivalent in foreign currencies between 1 January and 31 December 2025.
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Exceptionally well-suited – Y-ATG on Noronha promotion
Yokohama Rubber Company has commented on the upcoming appointment of Angelo Noronha to the role of President & CEO of Yokohama-ATG, with Co-Chief Operating Officer Nitin Mantri stating that Yokohama Rubber is “excited to have Angelo lead Y-ATG.” Noronha, who is currently President of Global Aftermarket Sales, will take on this new remit from 1 January 2025.
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Sailun Group implements Shareholder Return Plan
Sailun Group is introducing a mechanism outlining its approach to profit distribution, which balances the need for long-term development with that of delivering reasonable returns for shareholders. Specifically, the new Sailun Group Co., Ltd. Shareholder Return Plan (2025-2027) aims to encourage long-term investment and sustainable growth, provide stable returns to investors, align the company’s activities with regulatory requirements, and enhance decision-making and policy stability.
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Nokian Tyres & Continental – 9 decades of winter tyres
The winter tyre is 90 years old in 2024. Nokian Tyres brought the Kelirengas, its first product with a winter-specific tread pattern, to market in 1934. This was also the year that Continental threw its hat into the winter tyre ring with a tyre called the Gelände.
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Further role for incoming Bridgestone East CEO Tamura
In addition to taking on the positions of Chief Executive Officer within Bridgestone Corporation’s Bridgestone East regional business and G-MICA (Global Mining, Industrial, Construction, and Aviation Tire Solutions Business), from 1 January 2025 Nobuyuki Tamura will also become Chairman and Representative Board Member of Bridgestone Cycle Co., Ltd. Tamura succeeds Fumihiko Eitiko, who is retiring effective 31 December 2024.
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Remember This? – December 2024
Stories from the past 20 years of T&A: Our monthly magazine column looks back at the biggest news events from the tyre industry five, 10, 15 and 20 years ago. This months edition looks back to November issues from 2004, 2009, 2014, and 2019 for some of the biggest tyre industry news of those months. Click the month and year to access the digital edition of the relevant issue of the magazine from Tyres & Accessories’ expanding digital archive. December 2019: Continental held a topping out ceremony at its new HQ in Hannover, Germany.
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Tyre News in Numbers December 2024
Tyres & Accessories’ monthly News in Numbers column identifies the most important statistics of the month, giving you a quick snapshot of some major industry stories. Below, we look at the numbers, big and small, that made the news in the December 2024 magazine. Click the embedded links to read more on each article... €44 billion: The extent of the European tyre industry’s contribution to the regional economy last year, according to a report prepared for the European Tyre and Rubber Manufacturers Association (ETRMA)...
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