Green materials firm Neste says it is expanding its logistics infrastructure for liquefied recycled raw materials at its refinery in Porvoo, Finland, including materials such as liquefied waste plastic and liquefied rubber tyres. This lays the foundation to handling larger…
Tag: tyres
China’s Linglong to expand Serbian facility
Chinese tyre manufacturer Linglong says it plans to invest US$645 million to expand its production of tyres in Serbia’s northern city of Zrenjanin. The company says the investment is needed to meet rising demand in Europe. This project includes the…
Bridgestone to go on cost cutting measures amid lower sales
Japan’s Bridgestone Corporation during its latest earnings call, detailed its strategy to navigate current market challenges and outlined its financial performance for the second quarter of fiscal 2024. The company reported an increase in revenue but a decrease in adjusted…
ZC Rubber breaks ground on third overseas tyre facility in Mexico
China’s ZC Rubber recently officially broke ground on its third overseas manufacturing facility in Saltillo, Mexico. This significant milestone marks a major step forward in the company’s global expansion strategy and commitment to meeting the growing demands of the tyre…
Continental increases recycled material content in tyres; rCB from Pyrum
German tyre maker Continental says it has concluded a long-term purchase agreement with Pyrum Innovations, a specialist in the thermolysis technology of end-of-life tyres, for carbon black (rCB) recovered from end-of-life tyres. Continental intends to use rCB in the series…
Nokian Tyres receives EUR150 mn EIB loan for Romanian tyre plant
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…
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…