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The Finnish Lapin Kumi and Swedish Colmec tyre businesses are forming what they call “a new sustainable and customer centric tyre services group”. This step follows a similar move by fellow Swedish firms Centrala Gummi and Colmec earlier in the spring. The transaction is expected to close in the third quare 2024, subject to customary closing conditions.
LD Carbon has closed a $28 million Series C funding round led by Toyota's growth fund, Woven Capital, with participation by Meritz Securities, Investwith, Industrial Bank of Korea, Hyundai Motor Group ZER01NE, Elohim Partners and New Main Capital. LD Carbon will use the investment to scale operations to recycle end-of-life tyres and material from end-of-life vehicles into recovered carbon black and pyrolysis oil through pyrolysis and material recovery technology. From here, the aim is to use the recovered materials to create new automotive parts and tyres. According to the company, “the investment will advance LD Carbon's mission of accelerating the circular economy while delivering material cost and carbon savings to global customers”.
After a few years of rapid growth designed to challenge ETEL’s position at the top of the UK tyre retail tree, this year’s data shows that the force of that challenge has diminished and European Tyre Enterprises Ltd (ETEL) is actually extending its lead. The fiercest competition is at the edge of the top five where two manufacturer-connected tyre retail chains have really upped the ante and both have expanded rapidly compared with last year’s table. HiQ comes out as this year’s fastest rise and there have also been significant movements in the mid-table positions as well as some surprising changes towards the end of the top 25.
Just a couple of weeks before the general election, the major parties published their manifestos. Meanwhile, in the tyre world, UK collection and recycling body, Tyre Recovery Association (TRA) launched its “election manifesto for the reform of UK rules to protect the environment and save UK capability”. The goal is to give “the British political leaders a clear agenda for the new government to implement, whoever wins the vote”.
Continental Tyres has promoted its former regional truck tyre general sales manager to the role of truck tyre sales director for the UK and Ireland. The new appointment will see Grant Willman head up Continental Tyres’ truck sales team from its UK headquarters in Datchet.
Goodyear ran its largest ever 24 Hours of Le Mans operation to demonstrate the long-distance performance of both its slick and wet tyres in the 2024 edition of the iconic endurance race. Mixed conditions throughout the race set the stage for a strategic battle in both the LMP2 and new LMGT3 classes. Goodyear supplied tyres for 39 cars across two classes, almost two-thirds of the entire grid at Le Mans, using 7,500 tyres, serviced by expert tyre fitters working in shifts throughout the race to remove, inspect and replace a set of tyres in as little as three minutes. In the pit lane, a crew of 18 track support engineers worked directly with each team throughout the race to advise on setup and strategy.
Goodyear will exhibit its new Goodyear GP-4D Gen II alongside its range of OTR tyre products, services and solutions at Hillhead 2024 (25-27 June, Stand U13). The new 750/65R25 Goodyear GP-4D Gen II tyre at the show targets articulated dump trucks with an optimised tread design, multiple steel belt carcass construction, and a tread compound. These features add up to benefits such as versatile tread pattern for balanced performance, improved treadwear as well as high level of comfort for the operator.
Jiangsu General said the Thailand plant’s construction project (Phase II) has been modified. Specifically, the tyre manufacturer has increased the production capacity of semi-steel radial tyres at overseas bases and cancelled the plan to expand the production capacity of full-steel radial tyres.
Falken has launched its latest tyre, the Ziex ZE320, which incorporates sustainable rice husk silica in its manufacture. It replaces the existing Falken Ziex ZE310 Ecorun tyre and the new model promises to be even better and more environmentally friendly, says the company. The first twelve sizes of the new tyre are due to arrive in Europe in early summer 2024, with a further 48 sizes set to be added by spring 2025.
Michelin is revealing the airless lunar wheel prototype it has produced to meet the tender brief NASA's Artemis programme at Le Mans 24 Hours 2024 . The objective of NASA's Artemis programme is to explore the Moon's south pole, where no human has ever been, in order to acquire scientific data and search for water in the form of ice.
Top Recambios, a Valencian company specialized in the distribution of multi-brand tyres, has described its first participation in The Tire Cologne as “a very positive experience”. As well as the fact that the show is seen as the largest in Europe and reported attendance of 14,400 professional visitors, the fact that 65 per cent came from 109 countries outside Germany appears to have been important for Top Recambios, which also shared details of a new warehouse.
August will see Christian Morawa assume the role of chief executive officer of the Alcar Group. Alexander Riklin, the long-serving current chief executive officer, will continue to work alongside Morawa until the end of the current 2024/25 fiscal year. In February 2025, Mr Riklin will transition to the Alcar Group’s advisory board, where he will oversee the strategic direction of the company.
Triangle Tyre continually enhances its Earthmover tyre range by conducting ongoing product testing and introducing new products tailored for quarries, underground and surface mining, construction, and port-industrial applications. The range includes radial tyres up to a 63-inch rim, the largest size available globally in this segment. Mines use these tyres on rigid dump trucks with a load capacity of up to 400 tons, solidifying Triangle's position as a major manufacturer in the earthmoving tyre sector. Triangle aims to offer end-users the best cost per hour, positioning itself as an ideal alternative to premium brands.
JK Tyre & Industries has joined forces with EKA Mobility, a leading player in the electric mobility sector with Mitsui Co., Ltd. (Japan) & VDL Groep (Netherlands) as equity partners. The long-term agreement was signed in Pune in the presence of Sanjeev Sharma, AVP, Fleet Management & Mobility Solutions, JK Tyre and Vijaykumar Yelne, President of EKA Mobility.
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