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Ring names new area sales manager
4th December 2024Ex-Magowan Tyres salesman, Colin McCourt has recently joined Ring Automotive and will be primarily managing accounts on the island of Ireland, looking after both Northern Ireland and the Republic of Ireland. McCourt has more than 20 years experience in the aftermarket, including previous roles with Forte Lubricants, Magowan Tyres, Würth Ireland and Charles Hurst.
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Ceat buys Camso bias tyres and tracks business from Michelin
6th December 2024CEAT and Michelin have entered into a definitive agreement for Ceat to acquire the Michelin-owned Camso brand’s off-highway construction equipment bias tyre and tracks business from Michelin in a $225 million deal. The transaction includes the business with revenues of around $213 million in 2023 as well as “global ownership of the Camso brand along with two state-of-the-art manufacturing facilities”.
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Ceat buys Camso bias tyres and tracks business from Michelin
CEAT and Michelin have entered into a definitive agreement for Ceat to acquire the Michelin-owned Camso brand’s off-highway construction equipment bias tyre and tracks business from Michelin in a $225 million deal. The transaction includes the business with revenues of around $213 million in 2023 as well as “global ownership of the Camso brand along with two state-of-the-art manufacturing facilities”.
Continue ReadingThe many businesses of BBS Automotive owner Sahin
Big words, little action. Turkish businessman Ilkem Sahin appeared on our radar late in 2023 as a potential rescuer of insolvent German wheel manufacturer BBS Automotive GmbH, but what a difference a year has made. As our German sister publication notes, the name Ilkem Sahin has become a “red rag” to the company’s employees. This is because the new owner and managing director led the firm from its fourth insolvency into its fifth within a very short space of time.
Continue ReadingCimcorp enters UK market
Finnish automation specialist Cimcorp is expanding its footprint in the UK. Announcing this development, Jarkko Hakkarainen, Head of Operations for Cimcorp’s European region, explains that while the main focus is to “ensure the success of our new projects,” the company is also studying future opportunities in the tyre industry, where Cimcorp aims to enhance its competitiveness through ongoing conversations with key players. Hakkarainen recently relocated to the UK to support Cimcorp’s ex
Continue ReadingHankook launches new AI-enhanced Ventus evo ultra-high performance tyre
The fourth generation in the Hankook Ventus evo range of ultra-high performance tyres harnesses an Artificial Intelligence-enabled mixing process to “overcome traditional trade-offs”. Announcing the new product, simply known as the Hankook Ventus evo but carrying the new product number K137, Hankook said the tyre “combines outstanding wet grip with impressively low rolling resistance and high mileage.” Longevity, Hankook says, has been boosted by a whopping 32 per cent. The manufacturer
Continue ReadingPeople, profit & planet – Michelin talks manufacturing in Western Europe
Several weeks ago, prior to visiting the Michelin plant in Bad Kreuznach, Germany, I witnessed the partial demolition of what until recently was one of the country’s most modern and efficient power plants. Capable of satisfying almost the entire electricity requirements of neighbouring Hamburg yet decommissioned after less than seven years in what the local Environment Minster called a “symbolic” gesture, the blasting of the 3-billion-euro plant’s chimneys delivered a depressing reminder
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