Tyre dealers could save £1000s in payment processing fees
Tyre dealers stand to save thousands of pounds a year by shopping around when selecting payment processing providers. For a long time tyre retailers did business with cash, cheque and invoices. The next generation brought with it credit and debit card processing, something that has become the norm in garages. Now, a new generation of payment processing providers are offering to streamline the critical payment part of any business while also significantly reducing the associated fees.
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Responsible corporates need to give back: GRI aids Sri Lanka during pandemic
Sri Lankan tyre maker GRI Tires strives to be a responsible company that always recognises the importance of giving back to the country and its people, especially in times of need. Managing director Prabhash Subasinghe states that it “is ingrained in our DNA as an organisation to give back to society.”
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EV recharging facilities for Pirelli’s Driver network
Pirelli is working with energy sector company Enel X to set up electric vehicle recharging infrastructure in selected Pirelli ‘Driver’ tyre centre outlets. The two companies signed an agreement to this effect at this year’s socially distanced version of the Milano – Monza Motor Show, which began yesterday in the centre of Milan. They will begin by setting up charging facilities at Driver centres in Italy before rolling out charging infrastructures at sites in Spain and then other countries where Pirelli is active with Driver Tyres and Service.
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Nexen Tire gains Stellantis supplier award
Stellantis, the company created through the merger of Peugeot and Fiat Chrysler Automobiles in January, has honoured Nexen Tire at its inaugural Supplier Awards. It awarded the tyre maker for Competitiveness, one of eight categories in this year’s event; Nexen was one of two firms recognised for “outstanding performance in terms of cost savings (commercial, process, technical solutions and logistics) and their proposals for a cost reduction portfolio in line with Stellantis objectives.”
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9 million tyres a year – Sailun approves expanded plans for Cambodia factory
Earlier in the year, Sailun Group announced it was evaluating the feasibility of producing car tyres in Cambodia, but the plans its Board of Directors approved this month are for a larger and costlier plant than originally reported. Planned capacity has risen 80 per cent, and the proposed investment almost doubled.
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Springwater injects 43 million euros into Fintyre
Springwater Capital has been confirmed as Italian tyre wholesaler Fintyre’s new shareholder, bringing with it 43 million euros of new capital – a figure that is in-line with reports suggesting Springwater’s involvement back in November 2020. Springwater Capital, founded in 2002 and led by managing partner Martin Gruschka, specializes in the turnaround of European Mid-Caps with a long-term investment horizon.
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Linglong investing almost $1 billion in new circular economy-focused China tyre factory
Shandong Linglong Tire Co. Ltd is investing 6.066 billion yuan (£669.678 million; 779.348 million euros; US$949.830 million) in its latest tyre factory. Tyres & Accessories has confirmed that the roughly billion-dollar Tongchuan City factory project will put sustainability at the heart of its plans, which include largescale retread capacity.
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Nokian Tyres installs solar plant at Finnish logistics centre
Nokian Tyres has equipped its logistics centre in Nokia, Finland with solar power capabilities. The plant consists of 3,160 solar panels with a combined output of more than 1,100 kilowatts (kW). All electricity generated by the solar panels is used by the logistics centre, including to provide lighting and ventilation.
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Linglong investing in new Tongchuan City, China tyre factory
The board of Shandong Linglong Tire Co., Ltd has agreed to build its sixth Chinese tyre factory in Tongchuan City, Shaanxi Province. The construction site is located in Dongjiahe Circular Economy Industrial Park, Yaozhou District, Tongchuan City, Shaanxi Province and will be home to large and modern factory manufacturing tyres for a wide range of business segments.
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Linglong moves to 7+5 tyre factory investment model
The board of Shandong Linglong Tire Company Ltd has revised its 10-year “medium and long-term development plan (2020-2030) to focus on a 7+5 rather than a 6+6 tyre manufacturing capacity expansion model. Up till April 2020, Linglong has worked according to a 5+3 plan, but last year this was upgraded to 6+6, meaning the company plans to run six tyre factories in China as well as six situated in international locations. However, according a stock market filing dated 10 June 2021, Linglong’s board voted unanimously in favour of running a total of seven plants in China and five internationally.
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The most forgiving colour: Why Camso non-marking tyres are grey
Camso aims to bust a myth or two surrounding non-marking forklift tyres. Non-marking tyres are available for a variety of applications and in a range of colours, from white to green and even yellow – but all Camso non-marking tyres are grey. The off-highway tyre specialist, part of the Michelin Group since 2018, explains why.
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Hamaton offers 3 years of free updates with VT56
TPMS manufacturer Hamaton has extended the initial software subscription customers receive when they purchase a new ATEQ VT56 tool to three years from one. Users will, therefore, have access to regular software updates for two extra years at no extra cost.
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Kumho: We aim to become a ‘major brand’ in Europe
Kumho Tire Europe has a vision to “grow into a major brand,” shares Namhwa Cho. Speaking with the CEO Edit, a show presented outside the UK by BBC StoryWorks, the Kumho Tire Europe president spoke about the tyre maker’s aspirations as well as its experiences during the pandemic and plans to capitalise on mobility megatrends.
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Hankook Tyre UK secures headline sponsorship of 2021 BBC Top Gear EV Awards
Hankook will act as main sponsor of the 2021 BBC Top Gear Global Electric Vehicle Awards, which recognise the best EVs across 12 different award categories, including EV of the Year, Best Hatchback, SUV, Estate, and Hypercar. This arrangement builds upon other EV-related engagements, such as Hankook Tire’s upcoming tyre supply to the ABB FIA Formula E World Championship, the world’s first and only all-electric street racing Formula series.
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Automechanika Birmingham postponed till June 2023
Automechanika Birmingham has been moved to June 2023, maintaining its alternation with Automechanika Frankfurt, which recently moved its full form to September 2022 due to ongoing international travel restrictions following the coronavirus pandemic. Organisers of Automechanika Birmingham, Messe Frankfurt UK, report that they made the decision following “close discussion with exhibitors and other key stakeholders in the UK aftermarket”.
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