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…
Tag: tyres
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…
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…
Apollo ups productivity with IoT solutions
Apollo Tyres, one of India’s largest tyre manufacturers, sought to transform its manufacturing processes with an ambitious digital strategy. The company worked with AWS Partner Deloitte to implement an Internet of Things (IoT) solution on Amazon Web Services (AWS), connecting…
Wastefront to produce aviation fuel from used tyres in UK
Norway-based recycler Wastefront will begin construction on one of Europe’s largest tyre-to-fuel facilities at the Port of Sunderland, UK, which will convert waste tyres into tyre-derived oil (TDO), and subsequently process TDO into Sustainable Aviation Fuel (SAF). Wastefront intends to…
General Science opens Chinese/Thai tyre plants
China’s General Science recently held the commissioning ceremony for its Chinese semi-steel tyre expansion project in Wuxi, and the Thailand Phase II project in Rayong on the same day. The company’s Thailand Phase II project has a designed production capacity…
Enviro receives order for tyre pyrolysis oil from petchem firm
Tyre recycler Scandinavian Enviro Systems (Enviro) says it has received an order for deliveries of 500 tonnes of recovered pyrolysis oil from a leading European oil player. The oil, which will be produced at Enviro’s facility in Åsensbruk, will be…
LD Carbon secures US$28 mn funding for rCB/pyrolysis oil production
South Korean producer of recovered carbon black rCB, LD Carbon has closed a US$28 million Series C funding round led by auto maker Toyota’s growth fund, Woven Capital, with participation by Meritz Securities, Investwith, Industrial Bank of Korea, Hyundai Motor…
UPM/Nokian Tyres partner on concept tyre with renewable functional fillers
Finland’s UPM Biochemicals, a materials firm, and tyre maker Nokian Tyres say they are set for an industry first with a concept tyre partly based on UPM’s BioMotion renewable functional fillers (RFF). The partnership will launch UPM’s CO?-negative RFF into…