![Goodyear’s Wells, McClellan to retire](https://www.tyrepress.com/wp-content/uploads/2024/01/Goodyear-Wells-McClellan.jpg)
Goodyear’s Wells, McClellan to retire
Rich Kramer isn’t the only member of The Goodyear Tire & Rubber management team who will retire in 2024. Both Darren Wells and Stephen McClellan plan to end their service with the tyre maker within the coming quarter of a year.
Continue Reading![Pyrum establishes subsidiary for second pyrolysis plant](https://www.tyrepress.com/wp-content/uploads/2021/08/placeholder-sml.jpg)
Pyrum establishes subsidiary for second pyrolysis plant
At the start of January, Pyrum Innovations established a wholly owned subsidiary to operate its second pyrolysis tyre recycling plant. This ‘Pyrum GreenFactory II GmbH’ facility is located in Perl-Besch on the Moselle, in Germany’s Saarland region, and will enter service by the end of 2025. Pyrum has modelled the plant on its main site in nearby Dillingen/Saar, and when operational it will double the company’s recycling capacity to 40,000 tonnes of used tyres per annum. Pyrum says it already starting to order certain plant components – those with “notoriously long delivery times” – in the first quarter of 2024.
Continue Reading![Linglong’s net profit increases >300%](https://www.tyrepress.com/wp-content/uploads/2024/01/LL-Profit.png)
Linglong’s net profit increases >300%
On 15 January, Linglong disclosed its estimated net profit for 2023. The tyre manufacturer reported net profit in 2023 of between 1.35 billion yuan (approximately £148 million; €173 million) and 1.61 billion yuan (about £176 million; €206 million), a year-on-year increase of 362 per cent to 451 per cent.
Continue Reading![Haian Group’s giant tyre product lines in context](https://www.tyrepress.com/wp-content/uploads/2024/01/Haian.jpg)
Haian Group’s giant tyre product lines in context
Haian Group, a Chinese manufacturer of all-steel giant OTR tyres (engineering tyres with rim diameters of 49 inches and above), has commented on the market situation in response to questions from the stock exchange. Globally, Michelin, Bridgestone and Goodyear are described as the first echelon of giant OTR products. Chinese tyre manufacturers capable of producing all-steel giant tyres include Haian, Sailun, Xingyuan, Triangle, Zhongce, Aeolus and Doublestar. In early January, Linglong’s Jilin plant had the first 49-inch all-steel OTR tyre, also entering this field.
Continue Reading![Goodyear: Mark Stewart succeeds Rich Kramer as CEO](https://www.tyrepress.com/wp-content/uploads/2024/01/BU022_230EV-scaled-e1705577897807.jpg)
Goodyear: Mark Stewart succeeds Rich Kramer as CEO
The Goodyear Tire & Rubber Company has named Mark Stewart as chief executive officer and president, effective 29 January 2024. He succeeds Richard J. Kramer, who announced his retirement from Goodyear towards the end of 2023. In addition, also as of 29 January, Laurette T. Koellner, independent lead director of Goodyear’s board since 2019, will become non-executive board chair, and Stewart will be added to the Goodyear board as a director.
Continue Reading![Euro Car Parts partners with Protyre](https://www.tyrepress.com/wp-content/uploads/2024/01/1704646718212.jpg)
Euro Car Parts partners with Protyre
LKQ Euro Car Parts is partnering with Protyre Autocare as the tyre retailer’s primary aftermarket supplier for the next five years. Protyre Autocare, which claims to be the UK’s fastest-growing tyre retailer, also offers MOTs, vehicle servicing, wheel alignment and air con maintenance. With 184 branches across the country, Protyre Autocare boasts one of the UK’s largest DVSA-approved networks of test centres.
Continue Reading![Continental debuts ContiAttack SM2 with promise of improved lap times & mileage](https://www.tyrepress.com/wp-content/uploads/2024/01/continental_pp_contiattack-sm-2__1_-sml.jpg)
Continental debuts ContiAttack SM2 with promise of improved lap times & mileage
A third generation of Continental supermoto tyre arrives this year, the ContiAttack SM2. Continental describes this successor to the ContiAttack SM EVO as a “pure supermoto tyre that is street legal.” It arrives from Q1 2024 and will be available in five sizes by the end of the year.
Continue Reading![Magna Tyres to launch its own TPMS System](https://www.tyrepress.com/wp-content/uploads/2024/01/Magna-tpms_mail-1200x700px_cropped.jpg)
Magna Tyres to launch its own TPMS System
Netherlands-based Magna Tyres launched its own in-house TPMS System on Tuesday 9 January. The Magna TPMS system offers real-time tyre pressure and temperature monitoring with alerts on moderate and extreme readings, 24/7, even when the machine is unpowered.
Continue Reading![USA to decide on Thailand tyre duties in March](https://www.tyrepress.com/wp-content/uploads/2024/01/Thailand-tyres-sml.jpg)
USA to decide on Thailand tyre duties in March
The U.S. Department of Commerce is investigating imports of truck and bus tyres from Thailand after the United States International Trade Commission determined that the domestic tyre industry is materially injured by tyre imports sold in the USA at “less than fair value.” The Department of Commerce’s preliminary antidumping duty determination is due on or about 25 March 2024.
Continue Reading![Xingda Steel Tyre Cord achieves National Green Factory status](https://www.tyrepress.com/wp-content/uploads/2024/01/Xingda-Solar.jpg)
Xingda Steel Tyre Cord achieves National Green Factory status
The Ministry of Industry and Information Technology of the People’s Republic of China has released the 2023 Green Manufacturing List, which “prominently features” Xingda Steel Tyre Cord as a National Green Factory, according to the company. The recognition honours the company’s “exceptional achievements in green manufacturing, low-carbon development, and energy management…”.
Continue Reading![Toyo Tires presents 90% sustainable materials tyre](https://www.tyrepress.com/wp-content/uploads/2024/01/Sustainable-Concept-tire.jpg)
Toyo Tires presents 90% sustainable materials tyre
At this month’s Tokyo Auto salon, Toyo Tires presented a concept tyre that utilises 90 per cent sustainable materials. Prior to this Sustainable Concept Tyre, the highest ever usage rate of sustainable materials in a Toyo tyre was 50 per cent, as seen in the Open Country MT/R tyres that have seen action in the 2024 Dakar Rally. The tyre maker thus considers the new concept, which “dramatically surpasses this share,” a “step forward towards a more viable future mobility.”
Continue Reading![Yamaha MT-09 riding on Battlax Hypersport S23](https://www.tyrepress.com/wp-content/uploads/2024/01/Battlax-S23.png)
Yamaha MT-09 riding on Battlax Hypersport S23
Bridgestone Corporation is supplying Battlax Hypersport S23 tyres as original equipment for the Yamaha MT-09 hyper naked. This latest generation MT-09 wears the Bridgestone tyres in 120/70ZR17M/C(58W) at the front and in the rear wheel size 180/55ZR17M/C(73W).
Continue Reading![Toyo Tires wins Tokyo Auto Salon 2024 prize](https://www.tyrepress.com/wp-content/uploads/2024/01/custom05_20240112.jpg)
Toyo Tires wins Tokyo Auto Salon 2024 prize
Toyo Tires won the Grand Prize in the uprated SUV category for the Subaru Legacy Boost Gear Package it exhibited at Tokyo Auto Salon 2024.
Continue Reading![Wanli expands Guangzhou tyre production base](https://www.tyrepress.com/wp-content/uploads/2024/01/Wanli-Guangzhou.jpg)
Wanli expands Guangzhou tyre production base
At the beginning of 2024, Wanli Tire launched the construction of a 6 million semi-steel radial tyre project at its Guangzhou factory. The tyre manufacturer invested 1.086 billion yuan this time, which is the first part of the third-phase project. According to the plan, Wanli’s Guangzhou plant will increase its tyre production capacity by another 6 million units to achieve the target of 12 million tyre production capacity in the third-phase of the project.
Continue Reading![Global tyre-cutting machine market to total $17.35 billion by 2034](https://www.tyrepress.com/wp-content/uploads/2020/09/P287_BASF_New-Energy_Shredded_Tires-scaled.jpg)
Global tyre-cutting machine market to total $17.35 billion by 2034
The tyre-cutting machine market is expected to attain a valuation of US$1,316.7 million in 2024. In addition, the market is set to demonstrate a compound annual growth rate (CAGR) of 2.5 per cent between 2024 and 2034. Anticipating a total valuation of approximately US$ 1,735.5 million by 2034, the market indicates growth and encouraging opportunities within its evolving landscape, according to a new report published by Future Market Insights.
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