The goal at Continental is to exclusively obtain natural rubber for its tyres from responsible sources as of 2030. Confirmation of responsible sourcing is essential to natural rubber’s status as a sustainable raw material, and gaining this confirmation requires traceability within the supply chain. Although completely seamless traceability is currently technically impossible, Continental says it is “working at full speed” on a blueprint for the sustainable and responsible structuring of natural rubber supply chains.
Mountain bike tyres from the Continental Gravity range have become the first products to feature responsibly sourced natural rubber from a project aimed at establishing sustainable natural rubber supply chains. Continental aims to achieve 100 per cent sustainable supply chains by 2050 at the latest, but is going one step further when it comes to natural rubber and intends to cover its entire demand exclusively through responsible sources by as soon as 2030.
Bridgestone Corporation owns almost 24,000 hectares of natural rubber plantations in Indonesia and has approved plans to increase yields there to ensure a sustainable supply of natural rubber for its tyre production. The company will invest US$26.7 million by 2030. The aim of these investments is to enhance the plantations’ productivity, with Bridgestone setting a goal of doubling harvest volumes (compared with 2022 projections) in a given area in 2035.
Staff at B-Quik branch number 196 set to open the growing tyre retailer’s latest branch in Thailand. The Chiang Mai Huaikaeuw location is store number seven in the city of Chiang Mai. Three more openings in Thailand are planned for the next six weeks.
With the purchase of the 49 per cent shareholding that Barito Pacific Group had in Royal Lestari Utama (RLU), the joint venture pilot project to develop sustainable rubber tree plantations in Indonesia becomes a 100 per cent Michelin-owned affair. Moving forwards, Michelin views RLU as a “significant long-term opportunity to actively contribute to making the natural rubber sector more sustainable.”
As 2021 drew to a close, Far Eastern tyre retail specialist business B-Quik opened its 200th store and hit an interim growth target. The opening of the new location at Maxxbox Lippo Village brought the chain’s Indonesian total to 9 branches and 200 across Thailand, Indonesia and Cambodia.
Hankook Tire has announced it will provide formic acid, an eco-friendly coagulant, to rubber farmers in West Kalimantan, Indonesia. It says this measure furthers its “commitment to enhance the sustainability across its value chain for natural rubber.”
Pirelli’s latest efforts are quite literally for the birds – and this is by no means a bad thing. Together with the BMW Group, Pirelli is joining with BirdLife International in a three-year project that aims to favour the long-term production of sustainable and deforestation-free natural rubber in Indonesia. Our feathered friends are just one of a whole range of potential beneficiaries.
The vice chairman of Giti Group, Cherie Nursalim, has become the Indonesian government’s special advisor on climate. In addition to her leadership role at Giti Tire, Nuralim is also the vice chairman of the International Chamber of Commerce (ICC), and board member of Publicis Groupe in France, IMAGINE Collective with Paul Polman, and Partnering for Green Growth (P4G).
On 28 May 2021 growing Thai tyre retail chain, B-Quik opened two new centres on the Tiwanon road in north Bangkok. The addition of the two centres, which are spaced 8 kilometres apart, follows the opening of two more Thai branches at the start of April 2021.
Continental is extending its commitment to sustainability in the natural rubber supply chain. The tyre maker and the German Federal Ministry for Economic Cooperation and Development (BMZ) have agreed to significantly expand their project to ensure full traceability within the natural rubber supply chain in the Indonesian province of West Kalimantan (Borneo).
Following the news from the Association of Indonesia Automotive Industries (GAIKINDO) that automotive exports from the country declined by 30.1 per cent, Bakar Sadik Agwan, senior automotive consulting analyst at GlobalData, says: “Indonesia’s automotive output tumbled significantly due to the COVID-19 and troubled economic environment in 2020. Production, domestic sales, exports and imports all were significantly below the initial expected levels. Indonesia, which is the second largest vehicle manufacturer in the Southeast Asia, depends heavily on exports, making it a key variable for the domestic automotive economy.
Toyo Tire Corporation is closing its loss-making wholly-owned Silverstone Berhad Malaysian tyre manufacturing subsidiary in June 2021. Established on 12 July 1986 and purchased by Toyo in 2011, Silverstone currently manufactures tyres for (primarily Malaysian) new vehicles and Silverstone branded tyres for the aftermarket as well as certain Toyo branded tyres. The dissolution of the Silverstone subsidiary (Silverstone Berhad) will commence by 31 December 2021.
There’s no substance to the rumour about a merger with Michelin-owned tyre maker PT Multistrada Arah Sarana Tbk, says PT Gajah Tunggal Tbk. Indonesian financial publication Kontan reports that when asked to confirm or deny the alleged transaction, Gajah Tunggal’s finance and accounting director Kisyuwono responded that the rumour is “not true”.