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Maxion Wheels adding forged aluminium products to CV portfolio

The truck steel wheel plant that Maxion Wheels and Inci Holding have jointly built in Turkey is ready to open, and during last week’s IAA Transportation show the two companies additionally announced plans to set up a facility for manufacturing aluminium commercial vehicle wheels. Maxion Wheels says adding forged aluminium commercial vehicle wheels “rounds out” its globally leading steel wheels portfolio, making Maxion a “one-stop option for truck and trailer manufacturers.”

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  1. Maxion on track with Turkey expansion project
  2. Groundbreaking held for Maxion-Dongfeng aluminium wheel plant
  3. Maxion Wheels presenting CV growth strategy at IAA Transportation
  4. Maxion Wheels joins ‘responsible’ aluminium, steel organisations
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Kal Tire & Mitsui partnering on mining tyre recycling

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To meet growing demand for mining tyre recycling and recycled rubber products, specifically carbon black and rCB, Kal Tire’s Mining Tire Group and Mitsui & Co. have entered into a joint venture commercialise the Kal Tire thermal conversion recycling facility in Chile from early 2023. Activities there will act as a “foundation” as the venture pursues “opportunities to bring OTR tyre recycling solutions to mining regions around the world.”

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  1. Kal Tire nears full start-up of OTR tyre recycling facility in Chile
  2. Kal Tire acquires Tyre Corporation’s South Africa business
  3. Salvadori supplying downsizing system to Michelin/Enviro recycling plant
  4. Sustainable raw materials: Liberty deal supporting Bolder’s growth
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JV with Al Dobowi: Rema Tip Top Middle East

Rema Tip Top and Al Dobowi Industrial Rubber Services have formed a joint venture that will provide industrial services across the Middle East and North Africa. Called Rema Tip Top Middle East, the joint venture aims to be a “leading engineering and service provider” in the region.

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  1. Solution Focused – Al Dobowi Group
  2. Alcoa Wheel Products Europe appoints new sales director
  3. Russia, Saudi Arabia to finalize rubber joint venture by end of 2018
  4. Kumho and Blatco in talks over Saudi tyre factory
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Hella exits joint venture, agrees sale of HBPO shares to co-shareholder Plastic Omnium 

HBPO Beteiligungsgesellschaft HQHella

Global automotive supplier Hella, which operates under the umbrella brand FORVIA, has agreed the sale of its 33.33 per cent stake in HBPO Beteiligungsgesellschaft mbH (“HBPO”) to its co-shareholder, Plastic Omnium. The agreed purchase price amounts to 290 million euros. The transaction is subject to customary regulatory approvals, but closing is expected in the fourth quarter of 2022. 

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  1. Plastic Omnium and Hella enter into strategic partnership
  2. Hella sells Mando Hella Electronics joint venture shares to partner Mando
  3. HELLA and Faurecia to cooperate in the independent aftermarket
  4. First joint exhibition appearance for Hella and Faurecia
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Pakistan-China joint venture tyre plant in operation

Chaoyang Long March

The first phase of the China-Pakistan joint all-steel radial tyre plant, Service Long March (SLM), has been officially put into production, with an annual output of 740,000 sets of all-steel radial tyres.

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  1. Chaoyang Long March invests in $250 million Pakistan joint venture
  2. Aeolus Placing a Focus upon Quality
  3. Alliance Tire Buys GPX Assets
  4. Sailun to grow through acquisitions
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Brembo and Gold Phoenix invest 35 million euros in aftermarket brake joint venture

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Mike’s Photography; Pixabay

Brembo and Chinese brake manufacturer Gold Phoenix have signed a 50:50 Joint Venture agreement to create Shandong BRGP Friction Technology Co. Ltd, the first large scale Brembo manufacturing facility fully dedicated to producing aftermarket brake pads. Brembo and Gold Phoenix have agreed to invest 35 million euros in the project over the next three years. Shandong BRGP Friction Technology Co., Ltd is expected to start operations in early 2023 in Jinan, the capital of Shandong province in Eastern China.

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  1. Brembo to invest €32 million in Mexico caliper plant
  2. Brembo reports 1H sales of 1.1468 billion, EBIT up 42%
  3. Serbia open for business
  4. Jinyu: Further international tyre factories on the agenda
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Pyrolysis tyre recycling: Ipswich facility amongst planned Pyrum SPVs

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At its recent Annual General Meeting, the first held since the company’s IPO in Oslo and its secondary listing on the Frankfurt Stock Exchange, Pyrum Innovations AG shared details of the special purpose vehicles (SPV) that it intends to establish with joint venture partners. It has already announced one of these, a 20,000-tonne pyrolysis plant in Germany, but a further six SPV projects are on the cards – including a facility in the UK.

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  1. Pyrum to supply Continental from expanded pyrolysis plant
  2. Bridgestone partnering in ELT raw material projects
  3. Eldan & Pyrum intensify tyre recycling, pyrolysis collaboration
  4. Pyrum to set up JV pyrolysis plant
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Marangoni acquires Indian JV share for 710,000 euros

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Marangoni Group is now the proud 100 per cent owner of the business it established in 2015 as a joint venture to bring its Ringtread retreading system to India. In a notification sent today to the Bombay Stock Exchange and the National Stock Exchange of India, former joint venture partner GRP Limited confirmed disposal of its 50 per cent shareholding in Marangoni GRP Private Limited.

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  1. Marangoni opens 4th Ringtread franchise in India – 4 more on the way
  2. Marangoni GRP launches India’s first franchised Ringtread plant
  3. Marangoni GRP to evaluate production options in coming months
  4. Marangoni, GRP form Indian retreading joint venture
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Mitas celebrates official opening of new two-wheeler tyre factory in India

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Mitas’s newest two-wheeler tyre production facility in India has been formally inaugurated, following our early 2022 article that the factory was ready to commence production. The factory, which will serve global motorcycle tyre markets, is the result of a joint venture with the Mahansaria Group. The two companies are combining their expertise to bring Mitas tyre engineering into the two-wheeler tyre market. Both companies have been working throughout the challenges of the last two years, to test and produce tyres. The Mitas brand is part of Trelleborg Wheel Systems, whose sale to Yokohama for 2.1 billion euros was confirmed at the turn of the year.

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  1. Early 2022 start for Mitas two-wheeler tyre production in India
  2. India JV about to start making Mitas two-wheeler tyres
  3. Trelleborg invests in India two-wheel tyre production JV
  4. More than just products: T&A speaks with TWS’ Paolo Pompei
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Kumho confirms Saudi tyre factory MoU

Blatco

Kumho Tire representatives have confirmed reports that the South Korean tyremaker has signed a Memorandum of Understanding with Saudi tyre business Black Arrow Tire Co (Blatco). However, the two parties differ on the degree of progress made with the talks.

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  1. Kumho and Blatco in talks over Saudi tyre factory
  2. Pyramids Tires: $350 million Egyptian factory begins manufacturing
  3. Roadbot roadblock – Middle Eastern tyre factory stalls due to pandemic
  4. Ssangyong Motorsport fits Yokohama Geolandar on 2020 Dakar Rally
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Kumho and Blatco in talks over Saudi tyre factory

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Aramco

Various news sources are reporting that South Korea’s Kumho Tire signed a memorandum of understanding (MoU) with Saudi Arabia-based Blatco (Black Arrow Tire Co. as part of the Saudi-South Korean Business Forum on 18 January 2022. As many as 13 agreements were signed during the Saudi-South Korean Business Forum, of which 10 were signed by oil major Saudi Aramco.

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  1. Kumho confirms Saudi tyre factory MoU
  2. Kumho investing $300 million in tyre factory expansion plans
  3. No extension for Kumho Tire receivership deadline
  4. Kumho brand name off-limits to tyre maker’s potential purchaser
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Early 2022 start for Mitas two-wheeler tyre production in India

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Trelleborg Wheel Systems (TWS) has confirmed a timetable of beginning volume two-wheeler tyre production at the SYAM Trelleborg Tires LLP joint venture factory “by early 2022” following the start of trial manufacturing last December. With the plant’s entry into operation, TWS looks forward to an increased production capacity of two-wheeler tyres that not only “contributes to consolidate market presence” in southeast Asia, a region where two-wheeled vehicles are in great demand, but also “augmenting motorcycle operations across Europe and North America.”

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  1. India JV about to start making Mitas two-wheeler tyres
  2. Trelleborg invests in India two-wheel tyre production JV
  3. Richard Lyons joins Trelleborg as North Region general manager, UK MD
  4. More than just products: T&A speaks with TWS’ Paolo Pompei
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Arlanxeo-TSRC JV plant relocating, growing capacity

In response to local government environmental protection measures in the Yangtze River region and with the aim of establishing “one of the most modern NBR plants in the world,” Arlanxeo and TSRC are relocating their joint venture synthetic rubber facility. The move to a new location will be accompanied by an increase in NBR capacity from 30,000 to 40,000 tons per annum, growth that will support local demands and reinforce global supply.

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  1. Pirelli, Rosneft and Synthos move to next phase of synthetic rubber cooperation
  2. China implements anti-dumping tariffs against synthetic rubber producers
  3. Mesnac buys synthetic rubber producer
  4. Arlanxeo invests millions in synthetic rubber production
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India JV about to start making Mitas two-wheeler tyres

Despite delays during the pandemic, the joint venture plant set up in India by Yogesh Agencies & Investments Private Limited (YAIPL) and Trelleborg Wheel Systems (TWS) is now gearing up for deliveries of Mitas two-wheeler tyres. Paolo Pompei, president of TWS, recently confirmed that production will soon start.

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Related news:

  1. Trelleborg invests in India two-wheel tyre production JV
  2. Mahle buys-out Indian JV
  3. Apollo to manufacture motorcycle tyres?
  4. Richard Lyons joins Trelleborg as North Region general manager, UK MD
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Butadiene JV: Tatneft & KazMunayGas sign agreement

Russian oil and gas company Tatneft and Kazakhstani state-owned oil and gas company KazMunayGas have officially commenced a joint venture to produce butadiene rubbers with the signing of a corporate agreement by Nail Maganov, general director of Tafnet, and Alik Aidarbayev, management board chairman of KazMunayGas. The agreement follows the signing of an agreement earlier this year that set out the basic terms of the project as well as a roadmap for its implementation, a framework agreement and an agreement on an action plan for cooperation.

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  1. Tatneft to supply new KamaTyresKZ plant from JV butadiene facility
  2. KamaTyresKZ secures funds for automated machinery
  3. An Untapped Resource? Nokian’s Kazakhstan factory bid
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