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On 10 November, Cheng Shin Rubber Ind., Co., Ltd. announced that it is preparing to increase the capital of PT. Maxxis International Indonesia by US$30 million (about £25.53 million pounds; 29.01 million euros). Cheng Shin Rubber said that the capital increase meets the operation’s needs.
Ring Automotive’s 12V tyre inflators have received plaudits in the latest product tests in Auto Express, with Ring’s RTC1000 being awarded the title’s Best Buy title and the RTC450 a recommended status.
On 11 November 2022, Chinese authorities issued a notice on how to proceed with the next phase of COVID-19 prevention and management. The statement’s content shows that the Chinese government is still adhering to the policy of “dynamic clearing”, but it has relaxed controls to a certain extent. And that’s good news for the tyre industry as one practitioner told us: “The fight against COVID-19 may not end in a short period in China. However, if the anti-epidemic policies in the next stage can reduce the negative impact on the economy, it will undoubtedly benefit China’s tyre industry.”
SAS: Who Dares Wins’ Ollie Ollerton and Nirmal ‘Nims’ Purja, star of Netflix’s 14 Peaks: Nothing Is Impossible, reached the summit of Ama Dablam in Nepal ahead of Armistice Day on 11th November. The pair, both former Special Boat Services operatives, led an expedition up the 6,812m-high Nepalese mountain, accompanied by other former Special Forces soldiers and Royal Marines Commandos. The group climbed the mountain to honour the many British service personnel who have given their lives in conflict and in support of the Royal British Legion. Ollie Ollerton has been supported by Davanti Tyres’ all-terrain tyre – the Terratoura – during his training in the run-up to the expedition.
The European Commission published details of the new Euro 7 standards on 10 November 2022. According to the commission, Euro 7 will “ensure cleaner vehicles on our roads and improved air quality, protecting the health of our citizens and the environment.” The transport industry has become familiar with the increasingly demanding Euro series of standards over the years. Up till now, they have focused on vehicle exhaust emissions, something that tyres can only indirectly affect through reduced rolling resistance and its impact on fuel consumption and therefore emissions. This time round however, Euro 7 brings with it standards relating to particle emissions from tyres and brakes.
Australia’s government has included tyres in the list of products that industry must ensure are handled and ultimately disposed of in an environmentally appropriate manner. Minister for the Environment and Water Tanya Plibersek added tyres to the Minister’s product stewardship priority list for 2022–23. This list was published on 8 November.
When it commences operations in 2024, the end-of-life tyre (ELT) processing facility that Bolder Industries, Inc. and three partners are setting up in the Port of Antwerp will be capable of processing approximately 3 million ELTs a year. Bolder says this will “dramatically increase” production volumes for BolderBlack and BolderOil and satisfy increasing demand for these sustainable, circular raw materials in Europe and beyond.
NTDA chief executive Stefan Hay’s 2022 Tyre Industry Conference address sought to bring tyre distributors together and further mobilise what he referred to as the tyre trade team:
In addition to our live social media reporting and reporting the highlights of the 2022 Tyre Industry Conference in last month’s magazine, the December edition of Tyres & Accessories brings you curated coverage of the NTDA chairman and chief executive speeches as part of our “Looking back, Looking forward” review-of-the-year feature. With so much having taken place within the tyre market, the nation and the world as a whole, the two speeches offer a distinctly tyre distribution perspective on key issues relating to the associations growing membership, how it is developing relationships with other trade and charitable bodies and how it is investing in the future of the business via training initiatives.
The Tractor of the Year 2023 awards have taken place at the SIMA show, with BKT serving as main sponsor for the third consecutive year. As this year’s winners were announced, the tyre maker also gave word that it would return as main sponsor in 2024.
According to Dr Sawar Dhanania, chairman of the Government of India’s Rubber Board, natural rubber production within the country “will not be sufficient to meet the consumer industry’s demands” in coming years. He thus sees an “urgent need” to increase the area under rubber cultivation, something that tyre makers are helping to achieve via the NE-MITRA project.
Carlton Forest Group has appointed Mark Horobin its chief financial officer. Horobin, who is ACA (ICAEW) qualified, has enjoyed a successful career in finance with his roles taking him to Denmark, UAE, and Italy in addition to the UK.
Michelin has launched the Michelin X Stacker 3 HD for reach stackers, designed for heavy duty use primarily in ports. The new tyre, which replaces the older generation X Stacker 2 LC, limits unexpected machine downtime, reducing urgent need for replacement and extra service costs for the customer. Its optimised tread wear indicator allows for secure wear life projection, meaning operators can plan the appropriate maintenance accordingly.
On November 2, Linglong held a performance presentation on the operation of the third quarter of 2022. Linglong chairman Wang Feng, board secretary Sun Songtao and heads of relevant departments attended the performance presentation and interacted with investors on Linglong’s business situation.
From January to October, Yanchang Rubber sold 3.759 million tyres. It is reported that the tyre company has undergone several reforms in 2022 and established three new departments in April, the all-steel radial tyre business department, the semi-steel radial tyre business department and the marketing centre.
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