Trail, the European private equity investment firm, today announces the signature of an exclusivity agreement to acquire Electropoli, a leading provider of surface treatment services in Europe, notably for the automotive industry.
Road safety is child’s play at one Warwickshire Primary School, thanks to a donation from Bridgestone. The tyre manufacturer gave £350 to Stratford-upon-Avon Primary School to allow the school to become Warwickshire Road Safety Club members.
Machine Mart has introduced a new range of Clarke boltless shelving combines tough steel construction with quick and easy set up for any garage, office, home or more. The boltless units can be assembled using only a hammer, allowing for quick and easy assembly.
Test World officially opened additional new indoor test facilities at its Ivalo, Finland operation on 27 March 2019, signalling the culminating of that latest part of a multi-million-euro series of investments in Test World. The recently constructed indoor facilities increase Test World’s capacity for year-round cold weather testing, allowing for simultaneous testing on snow, ice, and wet and dry asphalt, 365 days a year.
German tyre and wheel wholesaler Reifen Gundlach is investing more than 20 million euros in an additional production line for its tyre-and-wheel assembly business. Work on the project is under way, and the 25,000 square metre building that will house the line is expected to be completed by May. Plans call for the production line to be operational in time for this autumn’s winter tyre season. The project will create around 100 new jobs at Gundlach’s site in Daufenbach, some 40 miles southeast of Cologne.
Authorities in India are conducting an investigation into alleged subsidies on truck and bus tyres imported from the People’s Republic of China. According to a document released on Wednesday by the Directorate General of Trade Remedies, a department of India’s Department of Commerce, the investigation is taking place in response to a submission filed by local industry representative the Automotive Tyre Manufacturer’s Association (ATMA) on behalf of tyre makers Apollo Tyres, J. K. Tyre & Industries, MRF and Ceat. Should the allegations be verified, the department will recommend implementing countervailing duties.
BFGoodrich is expanding its pan-European Off-Road Centre network into Ireland, initially working with 13 dealer partners in this market. Representatives from the dealerships – which BFGoodrich chose on the basis of their off-road tyre expertise – recently attended a launch event for the network in County Kildare.
Thomas Jacobi is the new director of human resources at Hankook Tire’s European headquarters. He began in this position on 1 March and is responsible for managing the tyre maker’s human resources activities within the region. Jacobi joins Hankook Tire from telecommunications company Syniverse Technologies, where he was senior regional director for the EMEA region. In total, Jacobi has more than 13 years of experience in human resources across various sectors.
This week a meeting took place at Italy’s Ministry of Economic Development to discuss the future of the workforce and production at the Marangoni S.p.A. plants in Rovereto and Ferentino. The meeting was attended by representatives from the retreading specialist, local government, trade unions and Italian bank Medio Credito Centrale.
ZF Friedrichshafen AG, a leading global technology group and supplier of mobility systems for passenger cars, commercial vehicles and industrial technology, has announced that it has entered into a definitive agreement to acquire WABCO for $136.50 per share. The planned acquisition has been approved by ZF’s management board and supervisory board and WABCO’s board of directors. Together, ZF and WABCO will form a leading global integrated mobility systems provider for commercial vehicles, creating added value for ZF’s commercial vehicle customers. The combined company will have sales of approximately €40 billion.
The Goodyear Drive-Over-Reader, an automated tyre analysis and control system, has won first place at the International Bus Sustainability Awards in the ‘Tyres and Tyre Management’ category. The awards honour innovative companies and products that address the challenges of global sustainability. Thomas Sauer, marketing specialist for Goodyear Proactive Solutions EMEA received the award for Goodyear at the award ceremony in Berlin on 18 March, 2019.
Giti’s GTR955 Combi Road trailer tyre and Team Oliver Racing’s bonneted Volvo VNL race-prepared truck will be the highlights of the tyre manufacturer’s stand at The CV Show 2019 (Stand 4F55, 30 April – 2 May, NEC Birmingham).
MWheels has launched a new generation of 9.00×22.5 Xlite and Xbrite forged aluminium wheels. The wheels are available in two ten-stud variations, designed for 295/60R22.5, 315/60R22.5, 315/70R22.5 and 315/80R22.5 tyres. Both have a load capacity of 4,125kg, have been TÜV tested, and gained KBA approval. The 26mm stud hole variant weighs 25.9kg and the 32mm 25.7kg. Like all Xlite and Xbrite wheels the new models carry a five-year warranty.
Continental’s new tyre making facility in Thailand is officially up and running. A ceremony was held yesterday to mark the occasion, with around 500 people present to mark inauguration of the 250-million-euro greenfield factory in Rayong. Production will now be ramped up to provide a capacity to manufacture some four million passenger car and light commercial vehicle tyres by 2022. These tyres will be sold locally and throughout the entire APAC region.
Finland’s central police agency, the National Bureau of Investigation, has completed its pre-trial investigation related to Nokian Tyres and accusations of tyre test rigging. It has referred the case to the Prosecutor’s Office of Helsinki.