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…
Tag: tyres
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…
Nokian Tyres completes ramp-up of US facility
Finland’s Nokian Tyres has opened a new finished goods warehouse in Dayton, Tennessee, marking the completion of a ramp-up process at the company’s US production facility. Nokian Tyres began tyre production at the US factory in 2020 and has since…
Bridgestone to lay off workers at US farm tyre plant
Against the back of the biggest fall in farm income in the US in two decades, tyre maker Bridgestone-Firestone has announced layoffs at its Des Moines, Iowa, plant, where most of the company’s tractor tyres are produced. It declined to…
Prinx and Marangoni tie-up for Austone retreading
Italy’s retreading company Marangoni says it has entered into a partnership with Chinese firm Prinx Chengshan’s Austone brand, focusing on truck and bus tyres. The tie-up comes as Prinx Chengshan has reorganised its commercial vehicle tyre business in the Germany,…
Magna Tyres launches five tyre models for materials handling sector
Poland’s Magna Tyres has announced the launch of five tyre additions to its product line-up. Expanding the renowned MB800 Series, Magna Tyres introduces the all-new MB800 in a larger size: 355/65-15. Building upon the performance and durability of the MB800…
GRI expands reach to South American market
Sri Lankan speciality tyre maker Global Rubber Industries (GRI) says it has established a sales/distribution presence in South America, working with tyre distributors and dealers, especially in countries like Argentina, Peru, Colombia and Ecuador. It adds that it has “reached…
CSRC/Sheico to set up tyre recycling plant in North America
Taiwanese firm CSRC Group, together Taiwanese compatriot Sheico Group, are teaming up to set up a tyre recycling plant in Phoenix City, Alabama, that will use pyrolysis technology to produce recovered carbon black (rCB). CSRC will partner with Eco Infinic…
Circtec raises EUR150 mn funding for tyre recycling plant in Europe
UK recycling start-up Circtec has secured fundng of EUR150 million to construct, what is said to be, Europe’s largest end-of-life tyre (ELT) pyrolysis recycling facility in Delfzijl, the Netherlands. The funds include a EUR75 million equity investment led by Novo…
Nokian considering laying off workers at Finnish tyre facility
Nokian Heavy Tyres says it has started a two-week “change negotiations” with workers in what it says is a part of a move to “adapt production to the market and demand situation.” The negotiations concern the Nokia factory employees of…