Scandinavian Enviro Systems’ (Enviro) major shareholder, French tyre maker Michelin, developed a racing tyre for this year’s edition of the Le Mans 24-hour race that contains a full 63% sustainable materials, including recovered carbon black (rCB) from Enviro’s plant in…
Category: Industry News
Arlanxeo ties up with Qingdao Uni for research, scientific projects
Synthetic rubber manufacturer Arlanxeo, a wholly owned subsidiary of Saudi Aramco, has announced the continuation of its partnership with Qingdao University of Science and Technology (QUST), marking the 19th consecutive year of bilateral cooperation. A signing ceremony for a Memorandum…
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…
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…
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…
SaarGummi expands footprint in Europe with new plant in Poland
German rubber and thermoplastic seal specialist SaarGummi Group, which is an affiliate of Chinese state-owned enterprise CQLT Group, has expanded its global footprint and is better positioned to meet growing European demand for its sealing products, it adds. The company…
Continental and Indag Rubber tie up for retreading
Continental Tires has announced an agreement with Indian tread maker Indag Rubber to promote tyre recycling. During the pilot project, the warranty program and retreading services will be provided to TBR Normal Load (NL) fleets from retreaders from three markets:…