Corporate bond to finance Environ’s ownership of recycling plants
Scandinavian Enviro Systems (Enviro) is developing a public, international corporate bond to finance the company’s ownership of forthcoming recycling plants for end-of-life vehicle tyres. The work to develop the bond is being carried out in collaboration with the London-based financial adviser, Zenzic Partners.
Continue ReadingPrinx Chengshan Europe moves to Germany – Thomas Wohlgemuth appointed MD
Thomas Wohlgemuth has taken over as managing director of Prinx Chengshan Europe, effective 1 September. His appointment coincides with the relocation of Prinx Chengshan’s European head office from Slovakia to Germany. He succeeds Ivan Majsky, who is no longer with the company.
Continue ReadingPrometeon and Greenroad sign partnership agreement
Prometeon Tyre Group has signed a partnership agreement with GreenRoad, a provider of fleet safety and performance solutions. According to the two companies, the agreement enables Prometeon to “enrich its PRO-Services fleet services portfolio, through the addition of PRO Drive, the new solution based on GreenRoad Know-how and expertise in the fleet management and Telematics sector.”
Continue ReadingDavanti progressing with Protoura, planning all-season segment entry
The latest Davanti Tyres project, the Protoura Sport, made its Far East debut at CITExpo in August. We caught up with Michael Eckert, sales director for mainland Europe, at the show. He told us that Davanti was currently testing the Protoura Sport prior to submitting the tyre to product certification firm IDIADA. “Volume production will probably then start before the end of this year, and the first Protoura Sport tyres should arrive in Europe in March or April 2020.”
Continue ReadingCITExpo 2019: Visitors, exhibitors responding ‘energetically’ to challenging market
Tyres & Accessories has attended and participated in the China International Tire Expo (CITExpo) for much of its 16 years. During this time, we’ve witnessed the trade fair’s evolution in a changing tyre market, and did so again in August when we returned to the Shanghai World Expo Exhibition and Convention Center for this year’s show.
Continue ReadingKumho synergies & new growth: Doublestar benefitting from acquisitions
It was a difficult birth. As regular visitors to this site are well aware, Qingdao Doublestar Co Ltd.’s acquisition of Kumho Tire was punctuated by more than its share of complications: Threats of mass resignations, bickering over brand name use and questions about financing all belonged to the experience.
Continue ReadingMichelin tops Tyrepress UK social media ranking 2019
Not only did the @MichelinTyre-based chart see Bibendum plant its flag at the top of the tree, it also shows that the French tyre manufacturer is extending its lead. According to the 2019 data, Michelin’s overall score of 86.5 is now 7.5 points clear of second place as opposed to 6.5 points last year. It is also worth mentioning that Michelin demonstrates the best parity between the Klear and RightRelevance social metrics as well as the smallest gap between its primary and secondary RightRelevance sub-topics. In addition, with 84 points, Michelin achieved the highest score on the “Tire Industry” RightRelevance sub-topic (see below for details on how we calculated our score and what these terms mean).
Continue ReadingReport: Yokohama has signed ‘no shop contract’ with Prometeon
Rubber industry news sources have confirmed earlier reports that Yokohama Rubber is in acquisition talks with Prometeon.
Continue ReadingSeptember 2019 – Retreading Special
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Continue ReadingYokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon
Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon Japanese tyre and rubber manufacturer Yokohama is planning to invest into and even buy Prometeon, the new name for the former Pirelli commercial and industrial tyre manufacturing operation, according to a range of sources. Tyres & Accessories first heard this news in July and then the Italian financial press subsequently suggested that Prometeon’s shareholders were considering restructuring Prometeon’s ownership. Yokohama is understood to be leading the suitors. The official Yokohama/Prometeon investment announcement is expected during the course of the next week or so.
Continue ReadingBridgestone discusses its ‘multifaceted’ fleet customer approach
Far from there being one trump card to keep commercial fleets happy and content, Bridgestone believes there are a number of compelling factors that combine to keep its customers on the right road. Bridgestone’s commercial sales director Greg Ward tells Tyres & Accessories that a number of factors combine to make Bridgestone a top proposition to commercial fleets. The manufacturer has invested in digital mobility solutions, while its latest tyres for the segment introduce improved fuel efficiency and durability characteristics.
Continue ReadingSeptember 2019
Click on the CONTINUE READING button to view the September 2019 issue of Tyres & Accessories
Continue ReadingSerbia to become PCLT tyre production hub
When Toyo recently announced its intention to build a new tyre plant in Serbia it consolidated the country’s position as the leading location for new passenger car and light truck (PCLT) tyre manufacturing capacity in Europe. Toyo’s proposal follows Linglong’s decision to build its new European plant in the country and Cooper Tire’s plan to double the size of its facility there. Based on analysis of all announced capacity actions by Astutus Research (plant opening and expansion net of closures and downsizing), the Czech Republic is a distant second in terms of planned capacity additions between 2018 and 2026.
Continue ReadingGoodyear Total Mobility represents tailored, end-to-end offer for fleets
The launch of the second generation Kmax and Fuelmax truck tyres provides Goodyear with opportunity to emphasise progress in digitalisation of truck tyre business It is a mark of how far the role of the truck tyre manufacturer has come in European markets that at the 2019 launch of its second generation of Fuelmax and […]
Continue Reading‘One-sided, unrepresentative, unrealistic’ – Michelin criticises Auto Bild tyre test
As we reported in July, progress is being made at European and international levels towards deciding on a wet grip test for worn tyres. Michelin actively supports this development and claims that driving on tyres to the legal tread depth of 1.6mm can be completely safe. The tyre maker is therefore critical of a magazine test that suggests this isn’t the case at all.
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