Tyrenet MD Mike Riley retires
After more than 57 years in the tyre business including two decades as Tyrenet managing director, Mike Riley has announced his retirement effective 30 June 2023. Announcing the news, Tyrenet representatives highlighted how Riley’s contributions have been “integral to the success of Tyrenet”, adding: “Mike will continue to play a strategic role in the company as chairman, moving from the daily operations to overseeing and influencing the future growth of Tyrenet.”
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Cyclone: Production resumes at BKT Bhuj plant
BKT has recommenced operations at its Bhuj facility in India after shutting down the plant on the evening of 13 June. Production stopped in Bhuj as a precautionary measure related to Cyclone Biparjoy, which hit the Gujarat coast late last Thursday.
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Petlas launches new SnowMaster 2 Sport winter tyre
Petlas’s new SnowMaster 2 Sport winter tyre seeks to “define excellence in winter tyre performance”, according to the Turkish tyremaker. Company representatives report that the latest offering is “a testament to Petlas dedication to innovation, safety, and performance…”
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Maverick Diagnostics appoints two BDMs
Maverick Diagnostics has appointed two business development managers in order to meet demand for greater support as vehicle technology continues to become more sophisticated.
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Haian Group’s IPO application accepted
On 12 June, Haian Rubber Group (Haian Group)’s application for an initial public offering (IPO) on Shenzhen Stock Exchange was accepted, according to official filings.
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Lo Tsai-Jen becomes Cheng Shin Rubber vice chairman
Taiwanese tyre manufacturer Cheng Shin Rubber has re-elected its board of directors. Chen Yun-Hwa continues as chairman of the tyre maker and Lo Tsai-Jen succedes Chen Shiu-Hsiung as vice chairman. Other members of the board of directors include Chen Shiu-Hsiung, Tseng Sung-Chu, Lee Chin-Chang, Lo Yuan-Long, Chen Han-Chi and Wu Hsuan-Miao. In addition, Lo Tsai-Jen’s son Lo Yuan-Long succeeded Huang Chung-Jen as the new director. Tseng, Sung-Ling’s directorship was replaced by his cousin Tseng Sung-Chu.
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Michelin acquiring Flex Composite Group
Michelin is to acquire Flex Composite Group from private equity investor IDI for an enterprise value of €700 million, a transaction it expects will increase the revenue of its High-Tech Materials businesses by approximately 20% and create a “leader in high-tech engineered fabrics and films.” Michelin views growth here as an “important step” in developing “beyond mobility” and positioning the company as a ”key player in polymer composite solutions” in line with its Michelin in Motion 2030 strategy.
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Strategic tyre sensors – Italy confirms Chinese shareholder restrictions for Pirelli
Italy’s government has identified tyre sensor technology as a national strategic asset and, with the stated aim of preventing misuse of this technology, has confirmed it will use the Golden Power procedure to limit the influence that shareholder China National Tire & Rubber Corporation Ltd. (CNRC) has upon Pirelli & C. S.p.A. According to statements issued by the government on 16 June and Pirelli two days later, a range of measures will now curtail CNRC’s involvement in the tyre maker.
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Metzeler tyres partnering Harley-Davidson in 120th anniversary celebration in Budapest
Motorcycle tyre brand Metzeler will be an official event partner at the European Harley-Davidson 120 Anniversary celebration in Budapest on 22-25 June. Metzeler will have a booth in the Harley-Davidson Village dedicated to its Cruisetec and ME888 Marathon Ultra tyres for the latest generation of cruisers. The brand will also offer free tyre pressure check-ups, as well as tyre sales and fitments at the event. Metzeler will also promote other initiatives, such as its sponsorship of the official Custom Bike Show on Friday 23 June – a competition for the most beautiful bikes in different categories. Metzeler will be the promoter of three special awards: Best in Show; the Metzeler Peoples Choice Award for the most beautiful motorcycle chosen by a popular jury; and the Metzeler Judges Choice, rewarding a specialist jury’s favourite customisation.
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Dunlop targets back-to-back wins at 24H Spa EWC race
Dunlop is supplying its KR109 and KR108 endurance racing motorcycle tyres this weekend at the second round of the FIM Endurance World Championship (EWC). With the 2022 winner of the 24H Spa EWC Motos a Dunlop partner – the BMW Motorrad World Endurance Team – the brand is seeking a repeat of last year’s successful outing. David Auerbacher, Dunlop EWC event leader, said: “BMW Motorrad World Endurance Team showed pace and determination at Le Mans, and a back-to-back Spa win is the target this weekend. We’re also impressed with the new KM99 team, which challenged for the top four at Le Mans and is sure to be a podium contender, too. In Superstock, the quality of the field increases year on year. Tecmas might be the favourite after its Le Mans success, but a whole host of teams, representing several manufacturers, will be challenging at Spa.”
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Automechanika Birmingham reports record numbers for 2023 show
Following a four-year absence, Automechanika Birmingham is reporting a record number of UK automotive professionals attended the 2023 show at the start of June. The 14,402 visitors figure was an increase of 19 per cent on the 2019 show. The total of 6750 garages, workshops and bodyshops, was also a record. A total of 511 suppliers from 23 countries – including key leading brands exhibited.
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Sentury gives Spain, Morocco and Thailand tyre factory updates
At the end of May, Sentury published details relating to the development of its overseas factories. The tyremaker said data for April and May 2023 showed that its production capacity was temporarily unable to meet orders. Therefore, the company believes there is an urgent need to increase production capacity in order to meet customer demand. According to Sentury’s statement, the overseas tyre traders and retailers they cooperate with include Discount Tire, OAK Tyres, Inter-Sprint, American Omni and Turbo Wholesale.
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Carlton Forest bringing ELT pyrolysis tech down under with Triskel
Following twelve months of technology appraisals, meetings with platform developers, due diligence, and alignment of vision and fit, Australia’s Triskel Group has selected end-of-life tyre (ELT) recycling technology from UK firm Carlton Forest Group. This partnership will result in a pyrolysis plant being built in Brisbane, with a further five plants following in the next five years.
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Up to 65% sustainable materials – Continental launches UltraContact NXT
The “most sustainable” Continental tyre to date will arrive next month. With up to 65 per cent renewable, recycled and mass balance certified materials, the Continental UltraContact NXT “combines a high share of sustainable materials with maximum safety and performance.”
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Linglong commences strategic cooperation with SAIC Volkswagen
A new strategic cooperation between Linglong Tire and SAIC Volkswagen will facilitate the development of products and innovations. Wang Feng, chairman and president of Linglong Tire, signed the agreement on behalf of the tyre maker during a ceremony held at SAIC Volkswagen headquarters in Shanghai, China on 12 June.
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