Nokian Tyres says it has signed a syndicated sustainability-linked revolving credit facility of EUR200 million with a group of five banks. The interest margin of the revolving credit facility will increase or decrease dependent on Nokian Tyres meeting sustainability performance…
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Continental/Synopsys provide vehicle digital twin capabilities for software development
German tech firm Continental has announced a collaboration with Synopsys to accelerate the development and validation of software features and applications for the Software-Defined Vehicle (SDV). This new collaboration integrates Synopsys’ virtual prototyping solutions for virtual Electronic Control Units (vECU)…
VMI opens new service centre in Thailand
Dutch tyre and rubber machinery maker VMI recently officially opened its Southeast Asian service centre in Chonburi, Thailand. The move from smaller premises to the new high-tech facility reflects VMI’s commitment to support the industry in this increasingly important region.…
Symbio inaugurates first gigafactory for hydrogen fuel-cell mobility
Symbio, an equally owned joint venture between Forvia, Michelin and Stellantis, has inaugurated SymphonHy, its first gigafactory. SymphonHy will enable Symbio to support its customers in making zero-emission hydrogen mobility an affordable reality, without compromising performance, it claims. Located in…
Michelin to up capacity for radial tyres at China plant
French tyre maker Michelin has decided to expand its Shanghai factory, its second expansion after first increasing its capacity in 2021. It will increase the capacity of high-performance radial tyres by 1 million units to 9.5 million units/year. Work on…
Synthos/Kumho Tire partner on biobutadiene tyre materials
Polish producer of synthetic rubber Synthos has announced an Memorandum of Understanding (MOU) with South Korean tyre maker Kumho Tire for the joint development of sustainable tyre raw materials. Under the MOU, the two companies will conduct a joint R&D…
Arlanxeo to up capacity for HNBR in US, Germany
Arlanxeo, one of the world’s largest synthetic rubber producers and a wholly owned subsidiary of Saudi Aramco, says it is debottlenecking its production processes at its Hydrogenated Nitrile Butadiene Rubber (HNBR) plants in Orange, US, and Leverkusen, Germany. All debottlenecking…
Michelin to shut German ops; loss of 1,500 jobs
The rising costs of operations in Germany are impacting tyre makers. The latest is French tyre maker Michelin that has said that it will gradually cease the production at its Karlsruhe and Trier sites, as well as the new tyre…
Maersk ties up with Kumho Tire for multi-year logistics solutions
Logistics firm A.P. Moller – Maersk (Maersk) has signed a memorandum of understanding (MOU) with South Korean Kumho Tire. The partnership seeks to combine Maersk’s expertise in global transport and logistics with Kumho Tire’s strong foothold in the automotive sector.…
Nokian claims lowest emissions in tyre industry
Nokian Tyres says it has reached one of its key emissions reduction targets seven years ahead of schedule. One of the company’s science-based greenhouse gas emissions reduction targets was to cut its tyre factories’ CO2 emissions by 52% per production tonne…