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European new car sales hit 10-year high

Thursday 18th January 2018 | 0 Comments

“It is positive to see that demand for new cars in Europe grew by +3.4 per cent in 2017 and reached a 10-year high of 15.6 million units sold”, said Sue Robinson, Director of the National Franchised Dealers Association (NFDA), which represents franchised car and commercial vehicle retailers in the UK, commenting on the latest figures by the European Automobile Manufacturers' Association (ACEA).

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Prometeon/Aeolus integration stalls

Prometeon/Aeolus integration stalls

Thursday 18th January 2018 | 0 Comments

The integration of Prometeon Tyre Group (the former Pirelli Industrial business) and Aeolus Tyre Co. Ltd has stalled after Aeolus’ pending acquisition of a 90 per cent stake in Prometeon failed to gain overseas acquisition approval from Chinese authorities before the 31 December 2017 deadline.

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Bridgestone introducing Tirematics solution in Asia Pacific

Bridgestone introducing Tirematics solution in Asia Pacific

Thursday 18th January 2018 | 0 Comments

Offered as part of its fleet service programme in Europe since 2013, Bridgestone is now beginning the rollout of its Tirematics solution in the Asia Pacific region. The solution is initially being deployed in Singapore and Thailand.

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Belshina investing in industrial tyre production

Thursday 18th January 2018 | 0 Comments

Belarusian tyre maker Belshina is investing an undisclosed sum to expand its heavy tyre capacity. The project will see production of all-steel radial industrial tyres with 25- to 29-inch rim diameters begin within the main factory at Belshina’s heavy tyre plant. Plant director Vadim Nikitenko shares that Belshina intends to begin serial production of these tyres in sizes 18.00R25, 17.5R25, 20.5R25 and 23.5R25 by the end of this year.

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Michelin raises worn tyre issue at Detroit show

Michelin raises worn tyre issue at Detroit show

Wednesday 17th January 2018 | 0 Comments

The argument against prematurely dismounting tyres voiced by Michelin here in the UK and in Europe has become a topic of conversation at the North American International Auto Show in Detroit this week. The tyre maker’s global initiative to promote consumer awareness was presented at the show yesterday by Michelin North America’s recently-appointed chairman and president, Scott Clark.

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Hoosier co-founder dies

Hoosier co-founder dies

Tuesday 16th January 2018 | 0 Comments

Hoosier Racing Tire Corp. co-founder Joyce Newton, the matriarch of the company, has passed away at the age of 85. “The thoughts and prayers of Hoosier Tire employees and Distributors are with Joyce’s family,” the company said in a statement.

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Doublestar constructing tyre recycling plant

Tuesday 16th January 2018 | 0 Comments

Qingdao Doublestar broke ground on an industry 4.0 scrap rubber recycling plant in December 2017. When fully operational, the $92.7 million plant will process 200,000 tons of scrap rubber annually.

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India expansion to boost Yokohama Rubber’s off-highway tyre production

Monday 15th January 2018 | 0 Comments

A total of US$45.5 million is being invested to expand the Yokohama Group’s global production capacity for off-highway tyres. The investment will cover the production of a new plant in India that will add a further 34,700 tonnes to Yokohama’s capacity by the end of 2019. Work on the plant will commence next month at the site in Dahej operated by ATC Tires Pvt. Ltd., a subsidiary of Yokohama Rubber’s July 2016-acquired off-highway company Alliance Tire Group (ATG).

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Kordsa expands polyester yarn capacity

Friday 12th January 2018 | 0 Comments

Kordsa is expanding its polyester capacity at its plant in Izmit, Turkey. With the addition of new facilities and equipment, Kordsa aims to have an additional polyester yarn capacity of 7000 tons with an additional 3,500 m2 area in its current facility this year.

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Korea Development Bank could halt Kumho restructuring, trigger receivership

Friday 12th January 2018 | 0 Comments

Kumho Tire has been attempting to downsize for a possible sale, according to the Korea Times. At the same time, the Korea Development Bank (KDB) is threatening to withdraw support for Kumho Tire unless the tyremaker can agree restructuring terms with its trade unions. And this in turn could trigger receivership.

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Linglong doing aircraft tyre R&D

Thursday 11th January 2018 | 0 Comments

Linglong Tire is working on  a research project to develop radial tyres for large aircraft used in China’s civil aviation industry.

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Training centre to form key part of Triangle’s new US tyre factory

Thursday 11th January 2018 | 0 Comments

North Carolina’s Edgecombe County will build a manufacturing training centre at Kingsboro to provide a trained workforce for Triangle, as part of its agreement with Chinese tyre manufacturer.

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Volvo to develop autonomous electric buses for Singapore

Volvo to develop autonomous electric buses for Singapore

Thursday 11th January 2018 | 0 Comments

Volvo Buses and Nanyang Technological University (NTU) in Singapore have signed a cooperation agreement on a research and development programme for autonomous electric 12-metre buses. For Volvo Group this will be the first autonomous application in public transportation. Volvo Group has also presented an autonomous, battery-electric, load carrier.

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VMI launches new website

VMI launches new website

Thursday 11th January 2018 | 0 Comments

In early January VMI launched a new company website. According to the tyre manufacturing machinery maker, the new site is entirely styled in the firm’s new corporate branding. It is also said to features “more information on the VMI products and services”. Company representatives explained that the site has been designed to give “an improved browser experience with easy navigation and is furthermore optimized for mobile usage”.

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Clarification: Michelin, Sumitomo Corporation tyre wholesaling JV

Tuesday 9th January 2018 | 0 Comments

In order to clear any consfusion arising from the announcement that Michelin and Sumitomo Corporation of Americas (SCOA) are forming a joint venture to pool tyre wholesale resources in the USA and Mexico, the Micheldever Group has issued a statement stressing that it is not in any way connected with Sumitomo Corporation or its North American subsidiary.

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