Pessimistic Chinese tyre industry: what does the future hold?
2022 has been a challenging year for the Chinese tyre industry. This year is coming to an end, but a feeling of anxiety is crossing regions and classes and spreads throughout the industry. From manufacturers to distributors, from vulcanisation workshop workers to corporate executives, many professionals are asking the question: Where is the future of China’s tyre industry?
Tatneft has signed an agreement with JSC Uzkimyosanoat to purchase Uzbekistan tyre manufacturer Birinchi Rezinotexnika Zavodi (BRZ) LLC. According to the Interfax news agency, Tatneft will hold 100 per cent of the enterprise's shares following the deal.
Nokian Tyres: “substantial uncertainties” relating to timing of Tatneft deal closure
At the end of June, Nokian Tyres announced that it was executing a “controlled exit” from Russia. By August Russian news sources were reporting that Nokian was accepting “binding offers” for its Russian tyre plant up until the end of September. At the end of October, Nokian co
Goodyear, rFactor closing gap between real and virtual racing
Goodyear is contributing to the pursuit of increased realism in virtual racing via its collaboration with Studio 397, developer of the hyper-realistic rFactor 2 simulation engine. The tyre manufacturer says its partnership has led to a major step forward in replicating race tyre model behaviours in the virtual environment. Such developments allow esports drivers to get closer than ever to the experiences of their real-life counterparts. The engine, which uses thousands of data points to create a
Trelleborg fined for Yokohama-TWS takeover disclosure violation
Trelleborg AB has been fined 9.6 million Swedish krone (roughly £750,000; 880,000 euros) by officials at Swedish stock market, Nasdaq Stockholm. Nasdaq Stockholm specifically sanctioned Trelleborg for reacting too slowly to international reporting of the – at the time – proposed sale of its Trelleborg Wheel Systems (TWS) business to Yokohama.
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Pro-Align supports Kwik Fit wheel alignment upgrade
1st December 2022
UK Hunter tyre servicing equipment distributor Pro-Align is helping to upgrade wheel aligners throughout Kwik Fit’s 600-plus site network. The company is supporting the software upgrade to WinAlign 17 on Hunter Elite TD aligners used by the chain. The new version increases accuracy and efficiency, and therefore revenue opportunities, Hunter says. Kwik Fit has been using the Elite TD since 2014. In addition to the network wide software upgrade, Pro-Align is also installing the Hunter Elite TD system across 14 Kwik Fit and Tyre Pros centres, with one site investing in a new Hunter DSP706 aligner for its workshop.