Tag: agreement

Carl Zeiss and TRM sign cooperation agreement

Carl Zeiss and TRM sign cooperation agreement

29th January 2019 | 0 Comments

TRM Srl. and Carl Zeiss Optotechnik GmbH have signed a co-operation agreement. As a result of the agreement, TRM will add Zeiss Shearography Systems to its portfolio and will be an authorized dealer for this product line. Furthermore, Zeiss will train the technical staff of TRM on Intact machines. This will allow TRM to offer qualified and authorized after sales service to Shearography customers. For Zeiss this will increase the availability of technical service throughout the markets.

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Linglong confirms $300 million deal for Brazil, Paraguay

Linglong confirms $300 million deal for Brazil, Paraguay

17th October 2018 | 0 Comments

Linglong Tire confirms the signing of a US$300 million deal with Paraguay-based tyre distributor Sunset Tires. Wang Feng, chairman of Linglong Tire, put his signature on a strategic cooperation agreement along with Nabil Chamseddine, chief executive officer and president of Sunset, on 12 October.

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Kumho Tire to aid Pakistani firm’s entry into tyre manufacture

Kumho Tire to aid Pakistani firm’s entry into tyre manufacture

27th September 2018 | 0 Comments

Under a technology transfer agreement signed with Pakistan-based battery manufacturer Century Engineering Industries, South Korean tyre maker Kumho Tire will provide technological and manufacturing know-how as Century establishes its own tyre production plant. The agreement signed in Seoul today covers the ten-year period to September 2028; Century Engineering will initially pay Kumho Tire US$5 million and 2.5 per cent of turnover for the assistance provided, with the contract scheduled for review after five years.

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New factory: Linglong Tire signs investment agreement with Serbia

New factory: Linglong Tire signs investment agreement with Serbia

25th September 2018 | 0 Comments

Shandong Linglong Tire’s plans to set up a tyre factory in Serbia gained a further boost on 17 September with the finalisation of an investment framework agreement with the country’s Ministry of Finance. The document was signed by Linglong chairman Wang Feng and Siniša Mali, Serbia’s Minister of Finance, at a ceremony in Beijing also attended by Aleksandar Vučić, President of Serbia.

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Yokohama Rubber ends technology tie-up with Kumho Tire

9th August 2018 | 0 Comments

A new beginning, and also an end: 6 July, the date on which Doublestar Tire’s acquisition of a 45 per cent share in Kumho Tire was officially completed, was also the day a full stop was placed behind more than four years of technological cooperation between Yokohama Rubber and Kumho Tire. In a statement issued today, Yokohama Rubber informs that it terminated these tie-ups according to their terms and condition following the change in Kumho Tire’s controlling shareholder.

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Linglong Tire, Kasikornbank enter collaborative agreement

Linglong Tire, Kasikornbank enter collaborative agreement

12th July 2018 | 0 Comments

Starting with its very first loan, Linglong International Tire (Thailand) Co. Ltd. (LLIT) has cooperated closely with Thai banking group Kasikornbank over a number of years. The Linglong Tire subsidiary has now entered into an agreement with Kasikornbank that paves the way for the tyre maker’s continued expansion in Thailand.

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Toyo Tyres UK signs new three-year distribution agreement with MTS

17th April 2018 | 0 Comments

Micheldever Tyre Services (MTS) and Toyo Tires have signed a new three-year UK distribution contract. The wholesaler states that it has shown strong sales performance with the Toyo brand recently, and the new deal will help to showcase the solidity of the partnership.

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Linglong Tire signs carbon black agreement with Aditya Birla Group

Linglong Tire signs carbon black agreement with Aditya Birla Group

9th April 2018 | 0 Comments

India’s Aditya Birla Group is now Linglong Tire’s carbon black supplier. The Chinese tyre maker reports the signing of agreement with Aditya Birla subsidiary Thai Carbon Black Public Co. Ltd. on 4 April at a ceremony attended by Wang Feng, president of Linglong Tire, Sanjeev Sood, president of Thai Carbon Black Public, and Amit Saini, the Birla Group company’s vice-president of sales and marketing.

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Liqui Moly to become official ADI supplier

Liqui Moly to become official ADI supplier

26th January 2018 | 0 Comments

The longstanding collaboration between German oil manufacturer Liqui Moly and several partners of Autodistribution International (ADI) has now resulted in an official cooperation agreement being concluded with the umbrella organization. Both sides expect a significant boost in sales as a result. “We look forward to multiplying our success with ADI,” says Salvatore Coniglio, deputy export manager with Liqui Moly.

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Abu Dhabi firm invests in Nexen Tire, signs MoU

Abu Dhabi firm invests in Nexen Tire, signs MoU

20th July 2017 | 0 Comments

Abu Dhabi-based investor Mubadala Investment Company has Nexen Tire on its radar, and this has led to the signing of a Memorandum of Understanding between the two firms. According to Nexen Tire, the agreement its chief executive officer Travis (Ho-chan) Kang formalised yesterday with Khaldoon Khalifa Al Mubarak, Mubadala’s managing director and group chief executive officer, sets out ways and means for both parties to “explore strategic partnership opportunities.” Mubadala has directly invested into Nexen as part of the agreement, however so far the tyre maker hasn’t disclosed the extent of this investment.

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ZC Rubber, Bekaert sign strategic cooperation agreement

ZC Rubber, Bekaert sign strategic cooperation agreement

5th June 2017 | 0 Comments

ZC Rubber has signed a strategic cooperation agreement with Bekaert, the global top steel cord supplier. The new arrangement will focus on the development of steel cord on green tyre.

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Continental supplying OE tyres to Caterpillar, jointly developing new products

Continental supplying OE tyres to Caterpillar, jointly developing new products

22nd February 2017 | 0 Comments

A new agreement between Continental AG and Caterpillar Inc. will see the tyre maker equip the 770 to 775 model series of Cat off-highway trucks with Continental RDT-Master tyres in sizes 18.00R33, 21.00R33 and 24.00R35. The agreement also covers a collaboration between the two companies for the design of new tyres for two other Cat products – medium wheel loaders and articulated dump trucks.

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Goodyear investing €41 million in collaborative eco-tyre project

Goodyear investing €41 million in collaborative eco-tyre project

18th November 2016 | 0 Comments

An agreement signed between Goodyear and the Luxembourg Institute of Science & Technology (LIST) yesterday at the tyre maker’s Goodyear Innovation Center in Colmar-berg, Luxembourg will see the two parties focus upon investments in sustainable mobility and next-generation materials. Specifically, Goodyear engineers will collaborate with LIST in order to make tyres more environmentally friendly in regards to materials as well as their production and performance.

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Further step forward for Michelin’s plan to secure French factories’ future

27th April 2016 | 0 Comments

Michelin aims to increase the flexibility and competitiveness of its tyre factories in France, and French media outlets report that two of the unions representing the company’s La Roche-sur-Yon plant have signed the tyre maker’s ‘Skipper 360’ agreement, which aims to safeguard the facility’s future through the introduction of greater flexibility into how workers’ shifts are arranged.

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KBT Tyres new official Magna Tyres partner

KBT Tyres new official Magna Tyres partner

16th March 2016 | 0 Comments

On 3 March Magna Tyres announced that Kevin Burke, managing director of KBT Tyres in Athenry, Ireland signed a partnership agreement for the distribution of Magna Tyres and MTP Tyres in Ireland.

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