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Continental “working at full speed” to restructure rubber supply chains

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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.

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Related news:

  1. Continental purchasing rubber via HeveaConnect
  2. Continental debuts responsibly sourced tyres – 100% of range by 2030
  3. Continental grows commitment to rubber supply chain sustainability
  4. Continental gains 4th consecutive top CDP rating
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Continental debuts responsibly sourced tyres – 100% of range by 2030

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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.

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Related news:

  1. Continental gains 4th consecutive top CDP rating
  2. Continental grows commitment to rubber supply chain sustainability
  3. Continental codeveloping invisible rubber marking technology
  4. Continental purchasing rubber via HeveaConnect
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Bridgestone investing to increase rubber harvest volumes

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.

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Related news:

  1. Bridgestone optimising rubber yields with big data
  2. GM collaborating with tyre makers on natural rubber sustainability
  3. Michelin and Pirelli lead in rubber sustainability – Context Group
  4. Guayule ‘milestone’ – Bridgestone & NRGene assemble new genome
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B-Quik branch number 196 set to open

B-Quik

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.

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Related news:

  1. Marubeni re-brands Indonesian tyre retail chain as B-Quik
  2. B-Quik tyre retail branch count rises to 180
  3. B-Quik hits 200 store target in 2021
  4. B-Quik opens four branches in Indonesia
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Michelin now sole owner of RLU sustainable rubber project

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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.”

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Related news:

  1. Michelin accused of Indonesia natural rubber deforestation “cover-up”
  2. Michelin begins natural rubber JV with Barito Pacific
  3. Top natural rubber produces cutting exports by 240,000 tons
  4. Continental grows commitment to rubber supply chain sustainability
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B-Quik hits 200 store target in 2021

B-Quik

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.

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Related news:

  1. B-Quik tyre retail branch count rises to 180
  2. Marubeni re-brands Indonesian tyre retail chain as B-Quik
  3. B-Quik – Tyre retail service Thai style
  4. Another Record Year for B-Quik
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Sustainable rubber – Hankook supplying eco-friendly coagulant

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.”

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Related news:

  1. Top natural rubber produces cutting exports by 240,000 tons
  2. Michelin accused of Indonesia natural rubber deforestation “cover-up”
  3. Continental grows commitment to rubber supply chain sustainability
  4. Hankook Tire secures container stability through Hapag-Lloyd deal
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Deforestation-free rubber: Pirelli, BMW working with BirdLife International

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.

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Related news:

  1. Pirelli introduces FSC-certified P Zero for BMW hybrid
  2. Global platform for sustainable natural rubber launched
  3. Further tyre makers publish GPSNR-aligned rubber procurement policies
  4. GPSRNR policy framework drives commitment to sustainable rubber sourcing
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Giti vice chairman becomes Indonesia special advisor on climate

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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).

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Related news:

  1. Giti Tire Europe – Link Into Europe
  2. Giti Tire USA clarifies financial figures
  3. GITI arranging US$225 million loan
  4. Gajah Tunggal accused of covenant breach, Moody’s considering rating downgrade
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B-Quik tyre retail branch count rises to 180

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B-Quik

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.

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  1. Sixth Consecutive Record Year For B-Quik
  2. Low Demand For Cars In Thailand Boosts B-Quik
  3. B-Quik Expands Despite Unrest in Thailand
  4. Marubeni re-brands Indonesian tyre retail chain as B-Quik
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Continental grows commitment to rubber supply chain sustainability

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).

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  1. Work starting on Continental’s Russian dandelion rubber lab
  2. Continental’s Taraxagum project a potential winner under Germany’s bioeconomy strategy
  3. BMZ and Continental pioneer digital tracing in natural rubber sector
  4. GPSRNR policy framework drives commitment to sustainable rubber sourcing
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Indonesia not on track to meet vehicle export target, says GlobalData

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.

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  1. Manufacturers Take On the Russian Market
  2. Gajah Tunggal looks to the USA for growth
  3. Multistrada to increase production capacity despite lower car tyre exports
  4. Top natural rubber produces cutting exports by 240,000 tons
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Toyo closes loss-making Silverstone tyre plant in Malaysia

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Silverstone

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.

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  1. Toyo’s Shandong Silverstone acquisition finalised
  2. Toyo announces plans for new Malaysian tyre plant
  3. Michelin: Acquiring Multistrada will help meet growing tier 2 tyre demand
  4. Michelin now 99.64% owner of Multistrada
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Gajah Tunggal: Multistrada merger rumour untrue

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”.  

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  1. Interested parties vie to acquire Indonesian tyre maker Multistrada
  2. Michelin: Acquiring Multistrada will help meet growing tier 2 tyre demand
  3. Michelin now 99.64% owner of Multistrada
  4. Gajah Tunggal Considering Share Issue
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