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Enviro: Partners still “highly interested” in Danish, North American tyre recycling projects
The deadlines set out in two of the memoranda of understandings signed between Scandinavian Enviro Systems (Enviro) and firms based in Denmark, the USA and Canada last year may have passed, yet Enviro says this “will not affect the outcome of the negotiations or the possibility of opening the various plants.” The Swedish company still expects to establish joint venture tyre recycling plants with all three partners in the not too distant future.
Hella successfully concludes sale of wholesale businesses, FTZ and Inter-Team
Lighting and electronics specialist Hella has concluded the sale of the Danish and Polish wholesale businesses FTZ and Inter-Team. After approval by the antitrust authorities responsible, both companies were transferred to the Swedish wholesaler Mekonomen. Subject to the terms of the transaction, the purchase price amounts to 395 million euro.
GKN Wheels invests in Danish plant
GKN Wheels and Structures is commissioning a brand new manufacturing cell at its plant in Nagbøl, Denmark.
The programme will see the introduction of robotic technology, with the largest and fastest robot in Denmark being installed to improve both the company’s speed of manufacture and flexibility of production. On completion, the new manufacturing cell will be capable of producing very small batch sizes efficiently and cost-effectively, with changeover times brought down to an absolute minimum. Depending on customer’s specific requirements, the new production cell can also weld different valve guards and make a high spot mark.
Liqui Moly the official sponsor of 2018 IIHF Ice Hockey World Championship
In Denmark the best national teams will cross sticks at the 2018 IIHF Ice Hockey World Championship from May 4 to 20. The German oil and additive specialist Liqui Moly is the official sponsor of the competitions that will be carried out in Copenhagen and Herning.
STARCO moves to new HQ – Bohnenkamp settles into former site
Denmark’s STARCO has called Skovby, near Aarhus, its home since 1993, however its headquarters site for the past 23 years was recently sold to Germany’s Bohnenkamp as part of the divestment of STARCO’s aftermarket activities. Bohnenkamp A/S – the company previously known as STARCO A/S – is now located in the 4,500 square metre office and warehouse facility in Skovby, and STARCO employees have moved to 515 square metres of rented office space in nearby Brabrand.
Just Easy Tools returns to Essen with new products
Two years ago Just Easy Tools – a Danish manufacturer and inventor of tyre manipulators and wheel service Equipment – introduced a special three-point gripping mechanism for safe and effective tyre handling during Reifen 2014. The company returns for the 2016 show and gave Tyres & Accessories this interview with Just Easy Tools CEO, Lars Jorgensen.
Giti makes Nordic and France/Benelux management appointments
Giti Tire has strengthened its Northern European operations with Åke Älmdalen appointed as Business Development Manager – Nordics and Amaury Pouzet extending his remit to General Manager – France and Benelux. Åke Älmdalen will be responsible for increasing existing business in Denmark, Finland, Iceland, Norway and Sweden across both Passenger Car and Light Truck (PCR) […]
NDI seeks new partners for a greater presence in Germany
Danish tyre wholesaler Nordisk Dæk Import (NDI) aims to significantly develop its market presence in neighbouring Germany. Carsten Andersen, area sales manager for the Brørup-based company, says NDI is currently searching for a dozen or so partners to take over distribution of its Nordexx private brand in Germany.
Agreement on Genan’s future now in place
Danish pension fund PKA, accountancy firm Deloitte and a group of four bank lenders have signed an agreement to secure the future of tyre recycling company Genan. This agreement aims to safeguard jobs and ensure Genan’s continued existence. At the same time, a new chairman of the Genan Board of Directors has been instated.
Genan loss may be more than £100 million
The losses Danish pension fund administrator PKA has incurred through its investment in recycler Genan may be even higher than previously thought. On 29 August, the Jyllands-Posten (Jutland Post) shared new evidence that indicates PKA’s losses to be Kr 1 billion (£106.2 million), rather than the Kr 830 million that PKA had calculated. If this new figure accurately reflects the loss PKA has incurred due to its involvement in the tyre rubber recycler, then it represents a loss of Kr 3,800 (£403) for each of the pension fund administrator’s 260,000 members.
PKA buys out Genan founder – but has it been duped?
Bent Nielsen is no longer a shareholder in the tyre recycling company he set up after Denmark’s PKA (Pensionskassernes Administration A/S) acquired his 52 per cent stake in Genan yesterday; with this added to its existing 48 per cent share, Genan is now firmly in the pension fund administrator’s hands – but today PKA allegedly claimed that both Genan and Nielsen have duped it over a number of years.
Continental to take full ownership of emissions JV
Continental has announced its intention to purchase the outstanding shares in the 50/50 Emitec Gesellschaft für Emissionstechnologie mbH joint venture it operates with partner, Worcestershire-based GKN plc. Once the acquisition of the 50 per cent share currently held by GKN is complete, the business will be integrated into Continental’s Powertrain division. With the acquisition of Emitec and the deal’s approval, Continental will emerge as a supplier of exhaust aftertreatment systems. Continental has not stated the price it will pay for the remaining share in Emitec.
Starco helps keep the beer flowing in Russia
Russia’s Baltika Breweries, a member of the Carlsberg Group, is the largest player in the country’s beer market and holds a 36.8 per cent market share. The company operates eleven breweries and a number of maltings and distribution centres across Russia, and operates a sizable fleet of forklift trucks in these facilities. Starco reports that Baltika has adopted its Starco-brand Tusker forklift tyre as standard across this fleet fleet.
JiangXi Black Cat inaugurates a further carbon black plant
Last September, German chemical company Lehmann & Voss and its ‘Luvomaxx’ business unit signed an exclusive sales agreement with China’s Jiangxi Black Cat Carbon Black, giving it exclusive distribution rights in Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Slovenia, Sweden, Switzerland and the UK. Luvomaxx business unit head Karl-Heinz Teschke recently returned from China, and has reported on the entry into service of JiangXi Black Cat’s eight carbon black facility.