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Fortune and Austone support Garret Trucksport in European Truck Racing Championship
2nd May 2025Fortune Tires and Austone Tires are entering the Goodyear FIA European Truck Racing Championship. Starting in 2025, the two brands from tyre manufacturer Prinx Chengshan are main sponsors of Garret Trucksport. The sponsorship includes financial support for the team and a flat-rate tyre supply for the trucks. The three-year contract was officially signed on 28 April at a press event in London.
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Continental closing one of its Malaysia tyre plants
2nd May 2025Continental will discontinue tyre manufacturing operations at its plant in Alor Setar, Malaysia by the end of 2025. Approximately 950 people work at the Alor Setar site, and the company says its priority is to “support its employees by providing assistance and support such as career counselling as well as exploring potential employment opportunities inside and outside of Continental.”
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Tyres & Accessories interviews new Nokian Tyres CEO, Paolo Pompei
Paolo Pompei officially took over as chief executive officer (CEO) of Nokian Tyres Plc on 1 January 2025. With a distinguished career spanning decades in the tyre business including leadership positions at Yokohama TWS, Trelleborg Group, and Pirelli, Pompei brings a wealth of international expertise and a proven track record of driving growth and innovation. Since taking over at Nokian, production at the company’s landmark zero-emission Romania factory has got underway. And – as of the week
Continue ReadingTRA ‘encouraged’ by minister’s commitment to circular economy solution for UK used tyres
Following the Defra Minister Mary Creagh MP’s “robust” statements in answer to questions on used tyre exports and other matter pertaining to tyre recovery in the UK on 29 April, the Tyre Recovery Association (TRA) has responded with cautious optimism. Prompted by the concerning revelations of the BBC's File on 4 documentary, The Tyre Scandal, the debate saw the Minister acknowledge the programme’s “deeply upsetting” findings and pledge a crackdown on “waste cowboys” to “clean u
Continue Reading‘A little less conversation, a little more action’ – UK parliament discusses used tyre exports
The issue of used tyre exports was the subject of a Westminster Hall debate today (29 April) at 11:00. Tessa Munt, the Liberal Democrat MP for Wells and Mendip Hills, asked the Parliamentary Under-Secretary at the Department for Environment, Food and Rural Affairs, Mary Creagh (Labour MP for Coventry East) a series of 13 questions around both the issue and the Environment Agency’s review of the situation, announced by the government in response to increased scrutiny of the sector. This was rai
Continue ReadingPirelli and Sinochem disagree on definition of control
Yesterday Pirelli published a board-level declaration that Sinochem no longer “controls” Pirelli. However, elsewhere in Pirelli’s own statement, the company also qualified that definitive-sounding remark with the following note: “the decision regarding the absence of control of the shareholder Sinochem represents a first, but not decisive, step on the path to the necessary adjustment of company governance…”. Therefore, it was no surprise to learn that Sinochem, which holds its 37 per
Continue ReadingSinochem ‘control’ of Pirelli ends
Pirelli officials have confirmed that Sinochem Group’s control over Pirelli has ended. The news follows reports earlier in the day and ongoing talks between the company and its major shareholders based on fears that too strong a Chinese position would hinder Pirelli’s development in the USA. However official documents also state “the decision regarding the absence of control of the shareholder Sinochem represents a first, but not decisive, step on the path to the necessary adjustment of co
Continue ReadingTyres & Accessories interviews new Nokian Tyres CEO, Paolo Pompei
Paolo Pompei officially took over as chief executive officer (CEO) of Nokian Tyres Plc on 1 January 2025. With a distinguished career spanning decades in the tyre business including leadership positions at Yokohama TWS, Trelleborg Group, and Pirelli, Pompei brings a wealth of international expertise and a proven track record of driving growth and innovation. Since taking over at Nokian, production at the company’s landmark zero-emission Romania factory has got underway. And – as of the week
Continue ReadingTRA ‘encouraged’ by minister’s commitment to circular economy solution for UK used tyres
Following the Defra Minister Mary Creagh MP’s “robust” statements in answer to questions on used tyre exports and other matter pertaining to tyre recovery in the UK on 29 April, the Tyre Recovery Association (TRA) has responded with cautious optimism. Prompted by the concerning revelations of the BBC's File on 4 documentary, The Tyre Scandal, the debate saw the Minister acknowledge the programme’s “deeply upsetting” findings and pledge a crackdown on “waste cowboys” to “clean u
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