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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Tyres & Accessories December 2024 issue out now in print and online
The December 2024 issue of Tyres & Accessories is available now for Tyrepress subscribers to read online or download. In this issue we present the latest analysis, partnerships and product news from the fleet tyre segment, with a particular focus on light commercial vehicles, and tyre manufacturing and raw materials. Also featuring the latest news and analysis from the international tyre business, this issue includes an analysis of the latest report from one of the UKs largest retail chains, Halfords. Non-subscribers can gain access to Tyrepress with a print or online subscription. Tyre professionals can take advantage of the current Tyrepress Membership offer, helping to drive business online and stay informed with the industry’s leading magazine and websites.
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Cofo establishes Vietnam tyre factory
Cofo is building a manufacturing base in Vietnam with an annual output of 160,000 all-steel radial tyres and 800,000 semi-steel radial tyres. Li Shengfa, the company’s head, revealed in an interview with local media that “choosing to build a factory overseas will improve the supply of domestic and foreign markets to a certain extent, and will also help to absorb advanced technology and experience, to better develop and adapt to overseas markets”.
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Linglong celebrates Thai tyre factory’s 10th anniversary
On 30 November 2024, Linglong held a global partner meeting in Spain to commemorate the 10th anniversary of the opening of Linglong’s Thailand tyrefactory. Linglong chairman Wang Feng attended the meeting. In his speech, he reviewed the glorious journey and remarkable achievements of Linglong Thailand in the past ten years and expressed his heartfelt gratitude to global partners.
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Management & job cuts – Evonik announces restructuring
German specialty chemicals company Evonik has announced plans to adopt a “new segment structure” and a “significantly leaner management model” that will lead to significant job cuts. From April 2025 its business units, currently grouped into four divisions, will be corralled into two segments – Custom Solutions and Advanced Technologies – and managed directly by members of the company’s Executive Board.
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Yuan Liang takes on GM remit at Prometeon Tyre Group
Prometeon Tyre Group has appointed Yuan Liang to the role of acting General Manager. At the same time the tyre maker shares that Roberto Righi has “stepped down as General Manager and left the company.”
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