China’s ZC Rubber (Zhongce Rubber Group Co Ltd) has successfully debuted on the Shanghai Stock Exchange (SSE) under stock code 603049. The company’s initial public offering (IPO) of 87.45 million shares at RMB 46.50 per share has a market capitalisation…
Category: Industry News
Michelin to close Mexican plant; loss of 500 jobs
Against the back of market changes, French tyre maker Michelin Group plans to close its tyre manufacturing plant in Querétaro, Mexico, by the end of 2025, citing shifts in the passenger car and light truck tyre market as the primary…
Enviro’s CEO and CFO add on 9 mn shares in Enviro’s issue
Tyre recycler Scandinavian Enviro Systems (Enviro) CEO Fredrik Emilson and CFO Fredrik Aaben have subscribed to a total of 8,908,844 additional shares in Enviro’s recently concluded rights issue. In total, they have now subscribed to nearly 13 million shares in the…
Continental to discontinue truck/bus tyre biz in India; focus on passenger car/light truck tyres
German tyre maker Continental has announced a realignment of its product portfolio in India. In future, the company will fully focus on the profitable growth of its Passenger Car and Light Truck tyre (PLT) business. As part of this transition,…
Datwyler streamlining US network; to close one facility
Swiss supplier of system-critical components Datwyler is streamlining its US production network as part of its transformation program. Operations at the Vandalia site in Ohio will be transferred to two existing locations in California and Ohio. The site will close by the…
Continental to increase share of renewable/recycled materials in tyres
German tyre maker Continental is integrating even more renewable and recycled materials into its tyre production. While the share averaged 26% in 2024, the tyre manufacturer expects this figure to increase by two to three percentage points in 2025. This…
Michelin to incorporate 50% sustainable materials in 2026 sportscar tyres
French tyre maker Michelin says it will introduce a new range of slick tyres, produced from 50% sustainable materials, for the World Endurance Championship (WEC) and the IMSA SportsCar Championship next year. The tyre supplier has surpassed its original target…
Bridgestone ups the ante with 65% recycled material-content tyres for Solar Challenge
Tyre company Bridgestone has announced that it will be supporting the 2025 Bridgestone World Solar Challenge (BWSC) with its Enliten technology tyres, which feature the first application of new recycled materials developed through co-creation with partners, increasing the ratio of…
Pengling/Del Monte tie-up for automotive parts supply
China’s Pengling Group and France’s Del Monte Group recently signed an agreement that is said to be an important milestone in the development of both parties in the automotive sector. Founded in 1965, Del Monte Group has now developed into a manufacturer of automotive…
Nok opens technical centre in China; to cater to EV market
Sealing company NOK Corporation recently opened its NFC Technology Centre in Wuxi, China, to strengthen its locally-led development structure and accelerate its response to future growth areas such as the electric vehicle (EV) market.?The technology centre is managed by NOK-Freudenberg…