Tyre maker Marangoni says that it has manufactured a Ringtread tyre that achieved an “A” class energy saving level in the same test used for new tyres (ECE.R 117). This result was achieved by applying a Blackline tread ring with…
Author: admin
Nokian Tyres issues EUR100 mn sustainability-linked bond
Finnish tyre maker Nokian Tyres says it has issued euro-denominated senior unsecured sustainability-linked notes in a nominal amount of EUR100 million with ISIN FI4000556444. The Notes will bear a fixed annual interest at the rate of 5.125% and will mature…
China’s Wanli to invest in tyre plant in Cambodia
With the recent announcement of the start-up by China’s General Tire of its Sihanoukville plant, now another Chinese tyre major, Wanli Tire Corporation, is looking at investing in Cambodia. Wanli Tire expressed the interest when a delegation of top officials…
Goodyear to cut capacity at German tyre plant
US tyre firm Goodyear Tire & Rubber says it will cut production capacity at its Fulda, Germany, tyre manufacturing facility by around 50% by year-end 2024. This move will result in approximately 550 job cuts. The company estimates that the…
Goodyear introduces real-time tyre intelligence at Le Mans
Goodyear Tire & Rubber Company has introduced racing tyres with the first real-time intelligence capability to record tyre pressure and temperature to be featured on the Nascar Next Gen Chevrolet Camaro ZL1 Garage 56 entry in this year’s 24 Hours…
Elkem and Zero enter partnership for sustainable solutions
Silicones supplier Elkem has tied up with environmental organisation Zero to aim to drive advancements towards reduced carbon emissions and improved climate solutions, by leveraging the respective strengths and expertise of both organisations. Elkem says it is already more than…
Michelin/Sumitomo jv to divest tyre retail outlets in US
French tyre maker Michelin that jointly operates TBC Corporation, a US based tyre distribution company, with Sumitomo Corporation, has said TBC will divest its company-owned retail portfolio (NTB and Tire Kingdom) to Mavis Tire Express Service Corp. (headquartered in Millwood,…
Apollo Tyres sources NR from sustainable suppliers for European facilities
India’s Apollo Tyres says it is now sourcing 100% of its natural rubber supplies from companies who have committed to sustainability throughout the supply chain, aligning with the code of conduct set out by the Global Platform for Sustainable Natural…
Goodyear under investigation for labour practices in Mexico
A Goodyear Tire & Rubber Co plant in Mexico is under investigation for alleged labour rights abuses in the latest “rapid response” probe under North American trade rules. The complaint from the US Trade Representative’s office (USTR) comes after independent…
Trelleborg invests in new facility for marine solutions in Vietnam
Sweden’s Trelleborg Group has decided to invest in a completely new manufacturing facility in Vietnam for mainly marine solutions, such as marine construction, infrastructure, and fenders. The investment is part of a larger restructuring project where Trelleborg concentrates manufacturing in…