Hankook Tire a partner in Korean tyre mould recycling project
Hankook Tire & Technology shares that its Hankook Technodome research institute is collaborating to develop eco-friendly manufacturing technologies as part of a project led by South Korea’s Ministry of Trade, Industry and Energy (MOTIE). The aim is to develop technology for reusing discarded tyre moulds in the manufacture of new, reusable moulds.
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20th Automechanika Shanghai opens its doors
Automechanika Shanghai 2024 opened its doors on 2 December with a record-breaking 6,763 exhibitors, an increase of 20 per cent compared to last year’s event, including 17 overseas country and region pavilions. The fair will run until 5 December, covering over 350,000 square metres and 14 halls of the National Exhibition and Convention Centre (Shanghai).
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Gu Zhifu becomes the new director of Triangle
After Xiong Shunmin resigned, Triangle’s board of directors elected Gu Zhifu as a new member of the Strategic Development Committee.
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Guizhou Tyre’s Vietnam factory expands again
The third phase of the Guizhou Tyre Vietnam Factory project started on 25 November 2024. Nguyen Van Yong, chairman of the People’s Committee of Tien Giang Province, Vietnam, and Hu Zhongxiong, Secretary of the Guiyang Municipal Party Committee, attended the groundbreaking ceremony. The third phase of the Vietnam tyre manufacturing centre has a designed annual production capacity of 6 million semi-steel radial tyres.
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G.M.P. Group aiming for international expansion through Reedijk acquisition
In a strategic move aimed at enhancing its presence in European markets and driving growth on a global scale, Italian alloy wheel manufacturer G.M.P. Group has acquired Netherlands-based tyre distributor Reedijk Wheels and Tyres Group. For Reedijk, this development represents “the next step in the development of a historically profitable collaboration between the companies” that began back in 2007. G.M.P. Group intends to use the acquisition as a vehicle for relaunching its Antera wheel brand.
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Basketball – Kumho Tire USA begins partnership with Atlanta Hawks
A new multi-year partnership with basketball team Atlanta Hawks will see Kumho Tire U.S.A. gain an in-arena and broadcast presence with its “local” team. The partnership begins this season and additionally covers social activities and community engagement events, including supporting charitable causes as well as opportunities to recognise and honour local citizens as honorary “captains” of the NBA team for an evening.
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Stalking horse – ATD enters asset purchase agreement with lender group
American Tire Distributors, Inc. (ATD) announced on 27 November that it has made a preliminary agreement to sell its assets to a buyer backed by some of its major lenders. Specifically, the company has entered into a ‘stalking horse’ asset purchase agreement (APA). The lenders supporting the buyer entity include investment groups and funds managed by companies like Guggenheim Partners, KKR, Monarch Alternative Capital, Sculptor Capital, and Silver Point Capital. In a statement announcing the transaction, ATD collectively refers to these lenders as the ‘Ad Hoc Lender Group’.
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Guizhou Tire commences 3rd phase of Vietnam factory project
On 25 November, Guizhou Tire held a ceremony to mark the start of work on the third construction phase of its Advance Tyre (Vietnam) Co., Ltd. plant. Local government officials attended the ceremony together with counterparts from China and company management. When complete, the expansion will add 6 million semi-steel radial tyres to the plant’s annual production capacity.
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Bridgestone Battlax Hypersport tyres OE on new Kawasaki Ninja
Bridgestone Corporation will supply Battlax Hypersport S23 tyres as original equipment for the new Ninja 1100SX made by Kawasaki Motors, Ltd.
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Pit-Stop: HUK-Coburg increases stake in German tyre retailer
In Germany, our sister title Reifenpresse.de is reporting that, subject to the approval of the antitrust authorities, HUK-Coburg Mobilitätsholding GmbH – a subsidiary of insurer HUK-Coburg – will acquire a majority stake in the Pit-Stop workshop chain on 2 January 2025.
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People, 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 of the challenges that tyre makers and other manufacturers face in Western Europe. Perhaps the Michelin team could restore some lost optimism.
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Transaid’s annual showcase demonstrates expansion of anti-Malaria programme in Zambia
International development organisation Transaid has celebrated the roll-out of its MAMaZ Against Malaria programme to cover nearly 80 per cent of districts across Zambia. Launched by Transaid within a single district in 2017, the life-saving project was proven to dramatically reduce severe malaria mortality in children under six years of age. It has been recognised in a World Health Organization report as “feasible, safe and effective in hard-to-reach communities.” Transaid presented the latest good news at its annual showcase event at the Africa Centre in London this week (27 November).
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62,000+ Metzeler/Pirelli two-wheel tyres recalled
On 20 November 2024, Kraftfahrt-Bundesamt (KBA), the German Federal Motor Transport Authority, detailed the worldwide scale of the previously-reported recall of certain Pirelli-manufactured Metzeler-brand “Tourance Next” and “Tourance Next II” as well as Pirelli-branded “Scorpion Trail II” tyres. In short, 62,526 units are said to be affected worldwide, which is considerably more than it first appeared at the point of the initial North American recall of some 3,100 tyres.
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Sustainability in the usage phase: details of Michelin’s whole life tyre strategy
Picking up on our earlier first-look relating to Michelins whole-life sustainability strategy and previewing the extended and more in-depth take we exclusively provide in our forthcoming Trends & Facts premium supplement, here are some further details Tyres & Accessories gleaned during a recent visit to the French tyre majors headquarters. The wider context is necessary to understand why Michelin cares so much about both tyre wear and whole-life performance. And that was something that Gary Guthrie, SVP Automotive Global Brands Business Line at Michelin made the focal point of his presentation at the company’s global headquarters in Clermont-Ferrand, France:
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Full capacity test – Pyrum Innovations closer to concluding expansion project
For the first time, Pyrum Innovations is operating all three production lines at its main site in Dillingen/Saar, Germany. The thermolysis waste tyre recycling specialist reports that the new TAD 2 and TAD 3 lines have been running alongside the original TAD 1 line since last weekend and will operate in unison for a week before TAD 1 is closed down for scheduled maintenance.
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