ToP Tunniste, which supplies RFID solutions to businesses including the tyre industry, has merged with Fentec Partners Ltd. The merger, which was completed on 31 December 2020 means the company is now known as Fentec Ltd, effective 1 January 2021.
In January 2019, the ground was broken on the US$614 million Roadbot tyre plant in Abu Dhabi. Local news sources described the project as a milestone in the capital of the United Arab Emirates as recently as January 2020. However, the project has since hit a roadblock as a result of the coronavirus pandemic.
Tyres & Accessories has seen documents that show how recent progress has been limited, though initial steps seem to have progressed well. Specifically, the official letter from Roadbot Tyre Industries dated July 2020 confirms that all the necessary planning applications, architectural designs and structure drawings have been approved and completed. Yet critical machinery work came to a standstill in March 2020.
The sentencing of nine former Nokian Tyres employees for the misappropriation of business secrets has been welcomed by both the tyre maker and by Black Donuts Engineering – albeit for different reasons. Both parties now look forward to progressing beyond the case, which has been ongoing since 2011.
National Tire Company (NTC) has unveiled plans to build a greenfield car and truck tyre factory in Jubail, Saudi Arabia. The goal is to focus on “premium” tyre production only.
The investment is owned by HRH Prince Fahad Bin Abdul-Rahman Bin Abdul-Aziz Al-Saud. According to NTC, the plant will be the first of its kind in Saudi Arabia and “one of the biggest and most modern individual tyre factories in the world”. The factory will make 16 million car tyres and 6 million truck tyres a year, with a workforce of 4000 at full capacity.
NTC will work with the Finnish Black Donuts Engineering Inc in the construction of the factory.
At the start of next year Derek Carruthers will take over as chief executive officer of Black Donuts Engineering Inc. Carruthers commences in this capacity on 1 January and succeeds Kai Hauvala, company founder, CEO and president. Hauvala will continue working with the company.
The Finnish District Court of Pirkanmaa has sentenced 10 former Nokian Tyres employees who transferred to the Black Donuts Engineering group of companies for “the violation and abuse of Nokian Tyres’ business secrets”. According to Nokian, the District Court convicted all the defendants. Eight defendants were sentenced to conditional imprisonment of 6–18 months and two received fines. The managing director and two other executives from Black Donuts Engineering Oy were sentenced to business prohibitions of 3–5 years in addition to imprisonment.
A 50 hectare rubber plantation and processing plant will be established on the Philippines island of Mindanao at a reported investment cost of US$200 million, and Finnish firm Black Donuts Engineering Inc. will serve as a consultant for coordinating the project.