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Cooper Tire & Rubber Company intends to completely acquire its joint venture tyre manufacturing facility in Mexico. It currently holds a 58 per cent share in Corporación de Occidente S.A. de C.V. (COOCSA), but has entered into a definitive agreement with partner Trabajadores Democraticos de Occidente S.C. de R.L. de C.V. (TRADOC) to acquire its 42 per cent stake. On Friday, a majority of TRADOC members voted in favour of the agreement.
The Executive Board of Axle Group Holding Limited has reported “significant growth” in the 18 months since it announced its three-year, £12 million inward investment strategy in March 2018.
According to the company, the investment has three core pillars:
Introduced earlier in the year at the Geneva International Motor Show, the BluEarth-air EF21 represents the very latest from Yokohama in environmentally-friendly tyre design. The tyre comes with a coveted ‘AA’ label rating for rolling resistance and wet grip.
Murfitts Industries has acquired the tyre collection business of Sapphire Energy Recovery, part of Tarmac, the UK’s leading sustainable building materials and construction solutions company. Murfitts Industries reports that the company will “continue to invest and grow its end-of-life tyre recycling capabilities in the UK”.
Bridgestone is limbering up to add no less than four products to its motorcycle tyre portfolio in 2020. It has announced the impending arrival of four all-new or evolved lines – the Battlax Classic Racing CR11, Battlax BT46, Battlax Racing Street RS11 and Battlecross E50 Extreme. Battlax Classic Racing CR11 Specially developed for maxi classic […]
In 15 October 2019 Tyres4U acquired Tyre and Tube Australia Pty Ltd (TTA). TTA is known as a leading specialty tyre and tube wholesaler in addition to being a substantial distributor of value tier passenger and truck tyres in Australia. Initially TTA will continue to operate as it does not, but it will ultimately be absorbed into the Tyres4U operation. This is expected to be complete by the end of November 2019.
Consumers benefit from independent tyre tests, but the advice given is sometimes conflicting. Whereas Auto Bild declares that all-season tyres can provide a safe solution for year-round motoring, ACE still believes motorists must live with a compromise when choosing these products.
Just a year after the company was founded, polymer recycler Big Atom reports that it has “successfully disrupted the industry across the North West of England”. Big Atom says it is driving the UK to a sustainable future by kickstarting both local and national engagement with a circular initiative in the waste industry. The vision is to provide systems to realise a circular economy, effectively converting plastic and rubber waste into secondary raw materials.
Flintshire-based Buckley Tyre Service has been named the best tyre dealer in the UK after picking up the hotly contested Tyre Retailer of the Year Award at last night’s National Tyre Distributors Association (NTDA) Awards.
Avon Tyres will celebrate its famous victory at the 1959 24 Hours of Le Mans with Aston Martin during this year’s Autumn Classic at Castle Combe on 5 October. Established in 2012, the Autumn Classic has developed into a popular event on the classic racing calendar, providing grids full of spectacular cars from the 1950s, 1960s and 1970s.
In late 2018, Kirkby Tyres completed ‘stage one’ of its expansion plan for its Liverpool-based distribution facility. The wholesaler, which specialises in commercial, OTR and agricultural tyres, opened new state of the art warehousing facilities, with a gala opening which also marked the company’s 60th anniversary celebrations. Following on from this landmark year, Kirkby has begun ‘stage two’ of its expansion plans. Once completed in 2020, the full expansion will bring its total covered tyre and wheel storage space to 250,000 square feet.
Beleaguered wholesale and tyre services company Kings Road Tyres is now in administration, with KPMG appointed joint administrators. The administration comes at the end of nearly a decade of turbulence for the company, which is one of the UK’s oldest tyre wholesale operations, having been incorporated in 1959.
The Colewood Group has acquired the online domain name www.etyres.co.uk following the business ceasing trading recently. Etyres.co.uk has since been re-launched with a brand new website on the 30 September 2019.
The Orange1 FFF Racing #563 Lamborghini won the final Blancpain Endurance Cup race of the season in Barcelona, helping the team to seal the overall and Endurance Cup titles with 185 points. The crew of Andrea Caldarelli, Marco Mapelli and Albert Costa, who replaced the unwell Dennis Lind, started third on the grid following qualifying, but eventually moved up to first spot to take the chequered flag.
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