The Yokohama Rubber Co., Ltd. has announced plans to strengthen its capacity for supplying tyres to the North American market by building a passenger car tyre factory in Mexico. The company intends to invest up to US$380 million to build a plant with an annual production capacity of 5 million tyres.
In February 2024, directors of Maxxis visited the rulers of the Ukanku Community in the Ukwa East region of Nigeria. According to local Nigerian media Business Day, Maxxis executives inspected the land where they were “preparing to build a tyre factory.” Another media outlet, The Cable, stated that Maxxis announced “plans” to build a local tyre manufacturing plant.
Norwegian waste tyre recycling company Wastefront has appointed Vianney Valès as its new CEO, replacing founder Inge Berge, who moves to chief operating officer. Valès is a former top oil and gas executive in in companies such as Shell and Galp Energia. He was first introduced to Wastefront by its liquid offtaker Vitol in 2019, was initially engaged with the Norwegian company in his former position as CEO of Devaltec LLC, a project developer and solutions provider in new and sustainable energies. Valès will be responsible for de-risking the company’s first waste tyre plant project in Sunderland, due to begin construction in early 2022. Valès will relocate immediately to London from Houston, Texas. Wastefront added that Valès’ initial priorities will include the selection of an EPC partner, developing commercial agreements, and ensuring all outstanding permits are approved.
Norwegian waste tyre recycling company, Wastefront AS has entered into an exclusive long-term project delivery partnership with Devaltec LLC. The partnership will commence with Wastefront’s first waste tyre recycling plant in Sunderland, due for completion in 2023. Wastefront had previously secured a 10-year offtake agreement with Devaltec’s liquid offtaker, Vitol for the production of liquid hydrocarbons and certain non-liquid products due to be produced at the Sunderland plant and future plant sites. Devaltec will now be the primary strategic partner to Wastefront, co-leading the development of all upcoming projects for the next five years. It is contracted to deliver production from multiple plants of minimum 1000 MTD.
Norwegian waste tyre recycling company Wastefront has chosen Port of Sunderland as the location for its first plant. Construction will begin in 2021. The company says that on completion it will be “the greenest waste tyre recycling plant in the UK.” The plant will convert locally-sourced End-of-Life Tyre (ELT) waste into useful commodities, including liquid hydrocarbons and carbon black, which can then be reutilised in processes such as alternative fuel or ground rubber manufacturing. The construction of the plant is expected to generate around 100 jobs in the region and, once fully up and running in the second half of 2022, the plant will employ up to 30 people full time. It is estimated the investment will be around £25 million.
Norwegian tyre recycling startup, Wastefront AS has confirmed that its first plant will be located in the UK. It plans to invest between £20-30 million on the recycling facility, with its construction resulting in employment for around 100. When fully up and running, Wastefront adds the plant will employ between 20 and 30 people full time. The company, founded in 2019 in Oslo, is now deciding where to locate its first site. The company tells Tyres & Accessories that its plant will be the first to combine conventional technology with Wastefront’s own proprietary technology, which will minimise the environmental impact typically associated with traditional tyre pyrolysis. It adds that this will “make the UK plant the ‘greenest’ of its kind.”
Goodyear announced that it will expand its manufacturing facility in Slovenia to meet the growing demand for premium tyres in Europe, the Middle East, and Africa. The plant, in Kranj, will be expanded to house new tyre building machinery intended to increase its capacity by a quarter, creating more than 150 new jobs, and reaching full capacity by 2021.
Hella, the lighting and electronics specialist, has opened a new plant in Lithuania. Based in the Lithuanian Kaunas region, the new facility will serve the rising demand for electronics components in the European market. The production focus will initially be on lighting electronics components, but will soon be expanded to include various sensors, actuators and control units.
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