German technology company Continental says it has received a major award in the third quarter for the series production of its semi-dry brake system (also known as Future Brake System, FBS), valued about EUR1.5 billion. This success increases the liftetime…
Category: Technology
Volvo spins out new company for tyre pressure monitoring
Volvo Group, Qamcom Group and the inventor Roman Iustin form a new start-up company, Fyrqom AB. The new company will offer an automated system for calibration of the tyre pressure monitoring system on heavy-duty vehicles. With a tyre pressure monitoring…
VMI opens global remote monitoring service centres
Dutch tyre manufacturing machinery maker VMI has launched three remote-monitored technical support centres, which it says will provide “consistent service to customers globally”. The company said that three helpdesk units in Yantai, Shandong Province, China; Ape, Netherlands and Ohio, US; Will…
Continental acquires second conveyor company in Sweden
German technology firm Continental has acquired the conveyor and maintenance company Vulk & Montage, based in Karlstad, Sweden. This acquisition complements the portfolio of Continental and establishes the technology company in the heart of Sweden’s industrial area. It had in…
Continental to debut timing belt made from alternative sources
Technology firm Continental will debut a new timing belt with a profile side made not from polychloroprene, but from a new and patented synthetic rubber compound at the Automechanika show (September 13-17, Frankfurt). Though it did not state what the material…
Monolith raises US$300 mn for hydrogen and carbon black technology
Monolith, a global leader in clean hydrogen, carbon black and ammonia, has obtained an investment round of more than US$300 million. Led by TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform TPG Rise, with Decarbonization…
Michelin buys US street scanning start-up RoadBotics
French tyre maker Michelin says that it has acquired US-based RoadBotics Inc., a start-up that specialises in the analysis of road infrastructure images it captures with smartphones. Terms were not disclosed. Michelin says the acquisition of RoadBotics will enable it…
Kordsa cooperates with SES for RFID tags for tyres
Turkey-based reinforcement technology company Kordsa, which claims to cover one out of every three tyres manufactured worldwide, has entered into a collaboration with German connected electronic products and systems firm SES RFID Solutions GmbH. The companies will combine the patented SES technology with Kordsa’s…
Continental tyres with rPET available in Europe
Continental says tyres containing polyester made from recycled PET bottles are now available to all dealers in Europe. Continental has brought the so-called ContiRe.Tex technology, which can completely replace the conventionally polyester in the tyre carcass, into series production in…
Continental emphasises on need for skilled migrant labour in Germany
Technology firm Continental is calling for a concept for the controlled immigration of foreign workers. The German company sees this as an important means of effectively addressing the skills shortage in Germany. “The impact of demographic change, decarbonisation and digitalisation…