China’s Prometeon Tyre Manufacturing, a subsidiary of China National Tyre and Rubber Co., Ltd., plans to invest US$400 million to expand its operations in Egypt, producing 1.5 million additional tyres and upgrading its existing factory. A meeting was recently held with…
Category: Industry News
Wacker to slash 1,500 jobs by 2027; savings of EUR300 mn/year
In view of what it says is a “tense” business situation, German silicones firm Wacker Chemie is to make significant cost savings in its production environment and administration set-up, through job cuts mainly in Germany. Wacker posted a net loss of…
Tata Chemicals to expand capacity for silica/soda ash in India; cater to tyre/auto markets
India’s Tata Chemicals has approved two projects for capacity expansion at its manufacturing facilities in Gujarat and Tamil Nadu. The companys board approved an investment of Rs135 crore for expanding dense soda ash manufacturing capacity at its Mithapur plant, Gujarat, to…
Nokian to lay off staff at Finland tyre plant
Finnish tyre manufacturer Nokian Tyres has announced plans to cut nearly 700 roles as part of a wider cost and efficiency programme. The company said it will permanently reduce 35 white-collar positions in its home market and temporarily lay off…
Contitech to cut further jobs; relocate to lower cost countries
Faced with competition, especially from China, German auto/tyre maker Continental says it is planning additional global measures within its ContiTech sector, which is involved in the manufacturing of belts/hoses utilised across various industries, to achieve a competitive cost level. Early this year…
Continental to shut down tyre cord facility in US
German tyre maker Continental says it will discontinue operations at its Aldora Mills textile manufacturing plant in Barnesville, Georgia (U.S.), by the end of 2026. The facility employs approximately 230 people and produces textile reinforcement materials, including tyre cord fabric,…
Continental uses vacuum tech to study tyre wear particles
German tyre firm Continental says it is pushing forward with efforts to reduce tyre wear by carrying out research and actively participating in various industry initiatives. According to a recent ADAC analysis of 160 tested products, Continental tyres abrade 11%…
JK Tyre launches embedded smart tyres in India
In what it says is a significant step for connected mobility in India, JK Tyre & Industries has launched the country’s first Embedded Smart Tyres designed for passenger vehicles. Developed in-house and produced at its Banmore plant in Madhya Pradesh,…
Hankook Tire ties up with Rotoboost for low-carbon tyre materials
South Korea’s Hankook Tire has entered into a memorandum of understanding with Finland’s Rotoboost to co-develop a new class of low-carbon carbon materials for tyres, to cut emissions across its supply chain. The joint development involves carbon materials derived from…
Vredestein expands in India with retail outlet In Coimbatore
Apollo Tyres Ltd has opened the first ‘exclusive retail outlet’ for its premium European tyre brand, Vredestein, in Coimbatore, southern India. This strategic initiative was executed in partnership with Sri Subham Tyres and Alignment, which will host the new store. The brand initially entered the…