ReOil pyrolysis process the template for Grimsby plant
North East Lincolnshire Council has approved plans for a pyrolysis plant for processing end-of-life tyres in Grimsby. The facility proposed by Fluid Ice FO Ltd has the capacity to process nearly 25,000 tonnes of waste tyres annually. Fluid Ice claims that the plant will use a pyrolysis process “based on the plant” operated by ReOil in Jazworno, Poland, which produces saleable fuel oil, carbon black and steel as well as pyrolysis gas.
Continue ReadingZodo Tire to build tyre plant in Cambodia
Shandong, China-based Zodo Tire Co. Ltd is preparing to set up a factory in Cambodia. According to plans, the tyre maker will build a facility with an annual production capacity of 6 million semi-steel radials and 1.2 million all-steel radials. Zodo Tire has not disclosed how much it will invest in this project.
Continue ReadingSailun delays Vietnam plant expansion
Sailun Group has revised the timetable for expanding production at its factory in Vietnam. Instead of commencing operations by March 2024, the tyre maker now intends to add a further three million semi-steel radials, one million all-steel radials and 50,000 tonnes of off-highway tyres to its annual capacities by March 2025.
Continue ReadingNova Motorsport acquires Camac
Following the news that the company will be producing certain Avon-branded motorsport tyres, Nova Motorsport has announced “its acquisition of leading tyre producer, Camac”. No details relating to the terms of acquisition have been released.
Continue ReadingTyre mould maker EMT now a Continental operation
Continental has acquired EMT s.r.o., a mould manufacturing specialist based in Puchov, Slovakia. The tyre maker and automotive technology company obtained all shares in its long-standing supplier on 2 April 2024 after entering into an agreement with EMT’s shareholders, including majority shareholder Dynamic Design Europe. Beyond confirming the retention of all 107 EMT employees, Continental has not disclosed details of the agreement.
Continue ReadingREV Technologies – Kordsa debuts EV brand
Tyre reinforcement, composite technologies and compounding specialist Kordsa has unveiled a new brand, REV Technologies. The company is positioning this brand at the electric vehicle market, and by doing so aims to solidify its “commitment to shaping the future of sustainable mobility.”
Continue ReadingNexen Tire selects schoesslers for Europe PR
Nexen Tire has commenced a strategic partnership with public relations agency schoesslers. The aim of this collaboration is to bolster the tyre maker’s brand throughout Europe.
Continue ReadingElectric vans arrive in Michelin Services and Solutions fleet
With the delivery of 17 Vauxhall Combo vans, Michelin has completed the first phase of its electric vehicle (EV) transition programme in the van fleet that its Services and Solutions division operates in the UK. The electric vans, supplied on a four-year lease and featuring a Michelin livery that emphasises the company’s sustainability commitments, are part of “ambitious” plans to electrify the division’s 54-strong fleet by 2026.
Continue ReadingKraiburg Austria a Kununu Top Company again
Retreading supplier, Kraiburg Austria has been awarded the Kununu Top Company seal again in 2024 after also doing so in 2023. The seal recognises companies with high employee satisfaction and is awarded exclusively based on independent reviews on Kununu. Kununu means blank slate in Swahili and, according to the operators, stands for all companies that have not yet been rated. The platform, which was founded in Vienna, has been online since 2007 and currently employs around 130 people in Vienna, Porto, Berlin and Hamburg.
Continue ReadingMichelin & partners break ground on Cataroux site project
Reporting the official groundbreaking of a Collaborative Innovation Center at the company’s Cataroux site in France yesterday, the Michelin Group says the ceremony “marks a major milestone” in this innovation-focused project, which it considers the only one of its kind in Europe. Michelin and four other entities have spearheaded the project since 2020, investing 61 million euros in a facility that will serve as a nexus for business and innovation stakeholders.
Continue Reading3rd consecutive EcoVadis Platinum rating for Bridgestone EMEA
Bridgestone EMEA has once again attained the prestigious Platinum rating from EcoVadis, a renowned sustainability assessment platform. This achievement marks the third consecutive time Bridgestone EMEA has received the highest accolade since 2021, positioning the organisation within the top one per cent of the 130,000 companies evaluated globally across 220 industry sectors by EcoVadis.
Continue ReadingDoublestar prepares to formally take control of Kumho
At the end of March, tyre manufacturer Qingdao Doublestar suspended trading on the stock exchange and announced that it was preparing to officially take control of Kumho and resolve competition in the industry. Doublestar said it will disclose further information before April 11.
Continue ReadingNew name for Australia’s National Tyre & Wheel
Australian headquartered tyre and wheel importer, distributor and retailer National Tyre & Wheel Limited has a new name. From 9 April 2024, the company call itself NTAW Holdings Limited. Shareholders passed a resolution to rename the company during an extraordinary general meeting on 26 March 2024.
Continue ReadingBest results – Prinx Chengshan publishes 2023 financials
Prinx Chengshan Holdings Limited has released its financial results for the twelve-month period ending on 31 December 2023, referring to these as “the best results” in the company’s history. Operating revenue increased to RMB 9,950 million (£1.09 billion), marking a 22% year-on-year rise, while net profit surged to RMB 1,030 million (£113.32 million), a 162.4% increase compared to the previous year. Earnings per share reached RMB 1.62, up by 161.3% year-on-year, and EBITDA rose to RMB 1,710 million (£118.14 million), reflecting a 102.4% increase year-on-year.
Continue ReadingTBC Corporation names Bill Schafer as COO of TBC Brands and TBC International
TBC Corporation has appointed Bill Schafer as Chief Operating Officer (COO) for TBC Brands and TBC International. Schafer will report directly to TBC Corporation’s President and Chief Executive Officer, Sam Kato, and will oversee all TBC Brands and TBC International sales initiatives, including customer service, commercial tyre sales, equipment and non-tyre sales, and operations.
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