Sword of Honour – Apollo Tyres gains British Safety Council award
The British Safety Council has awarded Apollo Tyres Ltd its Sword of Honour, demonstrating excellence in the management of health and safety risks at work. The company’s plant in Andhra Pradesh, India gained this distinction after achieving Five Stars in the British Safety Council health and safety management audit conducted in the qualification period between 1 August 2023 and 31 July 2024. The tyre maker also demonstrated, to an independent panel, excellence in its health and safety management throughout the business – from the shopfloor to the boardroom.
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Camac targeting retreading market with compounding business
Camac Tyres has announced the establishment of Camac Compounding, a new company dedicated to providing innovative, sustainable, and bespoke solutions to the tyre retreading sector across Europe. Camac Compounding is scheduled to commence production in 2025 and is, like Camac Tyres, a part of rubber compound specialist SPC Europe.
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Ceat buys Camso bias tyres and tracks business from Michelin
CEAT and Michelin have entered into a definitive agreement for Ceat to acquire the Michelin-owned Camso brand’s off-highway construction equipment bias tyre and tracks business from Michelin in a $225 million deal. The transaction includes the business with revenues of around $213 million in 2023 as well as “global ownership of the Camso brand along with two state-of-the-art manufacturing facilities”.
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Petlas launches NZ310 trailer tyre
Petlas Tire Corporation has launched its “latest innovation in trailer tyres”, the NZ310. Engineered to meet the demands of both regional and long-haul applications, the NZ310 reportedly combines “advanced durability with fuel-efficient performance”, making it the “ideal choice for the modern transportation industry”.
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The many businesses of BBS Automotive owner Sahin
Big words, little action. Turkish businessman Ilkem Sahin appeared on our radar late in 2023 as a potential rescuer of insolvent German wheel manufacturer BBS Automotive GmbH, but what a difference a year has made. As our German sister publication notes, the name Ilkem Sahin has become a “red rag” to the company’s employees. This is because the new owner and managing director led the firm from its fourth insolvency into its fifth within a very short space of time.
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Michelin, unions negotiate framework for France plant closures
On 3 and 4 December, Michelin management met with representatives from the unions CFDT (French Democratic Confederation of Labour), CFE-CGC (CEC European Managers), FO (Workers’ Force), and SUD (Solidarity Union) – collectively known as the ‘Intersyndicale’ – to negotiate the procedural framework for the proposed closure of its Vannes and Cholet tyre plants in France. As the CFDT reports, these discussions culminated in a draft agreement outlining key points for structuring the negotiations. This agreement, adds the union, should also ensure “employee support” throughout the process.
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Camac restart – Nova Motorsport now making 3 tyre brands
Over recent months we’ve reported the renaissance of the Avon brand at the Camac tyre factory in Portugal, which Nova Motorsport acquired in April. The Camac brand has also gained a new lease of life thanks to a 20-million-euro investment to refurbish and upgrade at the factory in Palmeira over the past half a year.
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CLEPA Innovation award for Continental UltraContact NXT
On the evening of 4 December, CLEPA – the European Association of Automotive Suppliers – held its ninth CLEPA Innovation Awards in Brussels. In addition to featuring talks with high-level EU policy makers on the future of transport, the event awarded 12 Top Innovators, six each in the categories ‘Digital’ and ‘Green’. The latter category included kudos for a tyre, the Continental UltraContact NXT.
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Falken Tyres event partner to 2025 IHF Men’s World Championship
Reinforcing its sport sponsorship activities, Falken Tyre Europe GmbH has extended its collaboration with the International Handball Federation (IHF) by becoming an event partner to the 29th IHF Men’s World Championship. This handball tournament takes place in January, with Denmark, Croatia and Norway serving as hosts.
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Strong demand for Emerald Tyre IPO
Within hours of opening, the initial public offering (IPO) of Indian tyre maker Emerald Tyre Manufacturers Ltd was already heavily oversubscribed. By 1pm (IST) on Friday 6 December, the second day of the IPO, Emerald Tyre Manufacturers had been subscribed 67 times. The IPO on the National Stock Exchange of India will remain open until 9 December.
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Olpneus becomes exclusive MRL Tires distributor for Italy
From 2025, MRL Tires will work exclusively with Olpneus in the Italian market. The Sicily-based wholesaler has already distributed the MRL agricultural and industrial range on a non-exclusive basis for around four years, and in mid-2024 the MRL Tires team decided to take this partnership to the next level. “We believe in the company, and are very confident that in the years to come we will have a much bigger business in the Italian market, together with Olpneus,” comments Satinder Singh, General Manager of Export Sales & Marketing at MRL.
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You’ll be hearing a lot more about us – MRL preparing for European growth
In January, MRL Tires will present its range at LAMMA 2025. We gained a foretaste of what it is bringing to the UK’s premier agricultural machinery show last month, as the company also exhibited at EIMA in Bologna and used the trade fair as a platform for launching several new European market products. Our sister publication PneusNews.it spoke with Satinder Singh, General Manager of Export Sales & Marketing at MRL, who shared insights about the Indian company and its growth plans for Europe.
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NIRA Dynamics pairs real-time tyre data with weather information
NIRA Dynamics, which is known for its indirect TPMS technology, and Vaisala Xweather have releases an integrated data set which connects road weather forecasts and computer vision observations with real-time connected car data. The integration draws on NIRA Dynamics’ data from billions of data points gathered from connected vehicles, paired with Vaisala Xweather’s advanced artificial intelligence (AI) and machine-learning-based (ML) road weather forecasting models. These, according to the companies, achieve accuracy levels 50 per cent higher than those of publicly available forecasts.
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Aberg Connect’s Europe-wide TPMS
Aberg Connect, a subsidiary of trailer-maker Wielton Group, launched a Europe-wide tyre pressure monitoring system (TPMS) in Autumn 2024 to enhance transport digitalization and safety. The system provides real-time monitoring of tyre pressure, axle load, and other key parameters, helping fleet managers maintain optimal vehicle performance and comply with EU regulations.
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Global TPMS market could be worth >$13 billion by 2032
The global Tyre Pressure Monitoring System (TPMS) market was worth $6-8 billion in 2023 a figure that could double by 2032, according to the latest reports published by two market research firms. The worldwide TPMS market reached a value of US$5.87 billion in 2023, according to Research and Markets. Furthermore, the market is projected to grow at a compound annual growth rate (CAGR) of 9.4 per cent between 2024 and 2032 to reach a value of $13.2 billion by 2032.
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