The European Investment Bank (EIB) is lending Nokian Tyres EUR150 million for the construction in Romania of the world’s first plant for producing passenger car tyres without emitting carbon dioxide (CO2). The credit to Finland-based Nokian Tyres is for a…
Category: Industry News
Nova Motorsport to invest EUR20 mn in Portuguese tyre factory
UK-based motor tyres firm Nova Motorsport says it is in the final stages of a EUR20 million expansion project at its recently acquired Camac tyre factory in Palmeira, Portugal. The facility will enable Nova Motorsport to resume production of Avon…
Zeon expands technical support for synthetic rubber products in India
Japan’s Zeon Corporation Zeon Corporation has expanded its technical support capabilities for synthetic rubber products in India. Technical support staff will be dispatched to Zeon’s India-based Group company, Zeon India Private Limited to provide timely service for the growing market…
Sailun to invest additional US$200 mn into Vietnamese plant
China’s tyre manufacturer Sailun says it is investing an additional US$200 million into Vietnam, raising its total investment in the country to US$1.7 billion, according to Liu Yanhua, chairwoman of Sailun, as reported on Vietnamnet. Sailun has injected about US$1.5…
Yokohama Philippines commences construction of new PHP3.5-bn plant
Yokohama Tire Philippines, Inc. (YTPI) has begun constructing a new PHP3.5-billion manufacturing plant at the Clark Freeport Zone in Pampanga. The expansion aims to boost YTPI’s production capacity by 5%, equating to an additional 500,000 tires annually. Currently, YTPI, the…
Toyo enhanced proprietary tyre design technology
Japan’s Toyo Tire Corporation says it has adopted a seventh generation High-Performance Computing system (HPC) for its proprietary high-precision tyre design platform T-Mode, establishing a product development platform for the speedy development of higher performance tyres. Toyo Tires has positioned…
JAL/Bridgestone expand tyre wear tech to jet aircraft
Japan Airlines Co and Bridgestone Corporation have expanded the application of tyre wear prediction technology to implement scheduled tyre replacement operations for large jet aircraft, including the Airbus A350-900, which has been operated by JAL since May 2024. Aircraft tyres…
Yokohama Rubber to acquire Goodyear’s OTR business for US$900 mn
Yokohama Rubber Co has announced that it has entered into an agreement to purchase the Off-the-Road tyre (hereafter OTR) business of US-based Goodyear Tire & Rubber Company. The OTR business provides specialised tyres for the mining & construction industries among…
Yokohama mulling over acquiring Goodyear’s OTR tyre business
Japan’s Yokohama Rubber Co. says it is in negotiations to acquire Goodyear Tire & Rubber Co.’s Off-the-Road (OTR) tyre business. According to Bloomberg, the potential deal is valued at around US$1 billion. If the acquisition goes ahead, it will be…
Michelin supports new European regulation on worn car tyres
French tyre maker Michelin says it supports the new European regulation R117-04 on the performance of new car tyres once worn, which has been enforced in July 2024. It allows for guaranteeing better safety on the roads, and also for…