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…
Tag: tire
Goodyear Tire to axe 500 jobs against weaker demand
US tyre maker Goodyear Tire & Rubber Co. says it is reducing its workforce by about 5%, or 500 jobs, in first half of 2023, as part of a restructuring in response to a “challenging” industry environment and inflation-related cost…
Purcell expands with Callender Tire acquisition
Purcell Tire & Rubber Co., based in Missouri, has acquired the Colorado-based tire dealership Callender Tire Inc. Purcell, one of the largest retreaders in the United States, expects the acquisition to broaden the market reach of its specialty retread product,…
Yokohama expands commercial tyre business with Aichi Tire acquisition
Tokyo, Japan-based tyre manufacturer Yokohama Rubber Company has successfully completed its acquisition of Japanese industrial tyre maker Aichi Tire Industry Co. as part of its strategy to expand in the commercial tyre business. The expansion in the commercial tyre sector,…
Kumho Chairman making a bid for control in company
After last month’s news that China’s Doublestar would by the likely buyer of Kumho Tire https://rubberjournalasia.com/kumho-likely-to-be-sold-to-chinas-doublestar/, it now appears that Kumho Asiana Group Chairman Park Sam-Koo has raised nearly US$870 million to buy back a controlling stake in the group’s…
Lanxess to introduce new products for tyre-makers at Tire Tech Expo 2017
Lanxess Rhein Chemie Additives, a business unit of Germany-based specialty chemicals group Lanxess, is introducing a range of its latest solutions for tyre-makers all over the world at the upcoming Tire Technology Expo 2017 that will be held from February…
Nexen Tire signs deal with Pirelli subsidiary to boost Latin American presence
South Korean tyre manufacturer Nexen Tire has entered into a strategic partnership with Pirelli Latam Participacoes LTDA, the Brazil subsidiary of Italian multinational company Pirelli, in an effort to increase its presence and boost sales in the Latin American market.…
Kian Hon Tyres opens first facility in ASEAN region
Kian Hon Tyres is opening in Nibong Tebal in Malaysia its first ever Maxiss retreading plant in South East Asia to help in future expansion plans in Indonesia and Philippines next year.
Sumitomo develops new tyre production technology
Sumitomo Industries develop a new tyre manufacturing system, the NEO-T01, created in the pursuit of ultra-high precision tyre production technology”.
GM and National Tyre Research Centre to develop new tyre technology
General Motors Co. (GM) and National Tyre Research Centre (NTRC) work together to develop a new tyre technology that can improve fuel-efficiency of tyres.