Black Bear Carbon B.V. has entered into a long-term supply chain and marketing cooperation with German chemicals marketing company Helm AG. Under this cooperation, the partners will jointly introduce industrial clients to the carbon black that Black Bear recovers from end-of-life tyres. Black Bear says it will contribute its extensive knowledge in product and application development while Helm will provide its supply chain know-how and commercial expertise through its broad market presence.
Hankook & Company Co., Ltd., the holding company of Hankook Tire & Technology Co., Ltd., has expanded its cooperation with the Korea Advanced Institute of Science and Technology (KAIST) through the signing of a memorandum of understanding with its College of Engineering. This latest MoU centres on the ‘Symbiotic Transformation for AI-infused Reality (STAR) Project’ and seeks to “build a data infrastructure platform and strengthen cooperation in researches for the post-AI age.” One potential outcome of this collaboration is that data will later be used in Hankook’s tyre research and development.
Hankook Tire will work together with Hyundai Motor and Kia to develop intelligent services for consumables management based on the three companies’ data and technologies. This collaboration will take place under a Memorandum of Understanding that the companies sealed through a virtual signing ceremony yesterday.
On 17 June 2020 Hankook Technology Group vice chairman and CEO Hyun Shick Cho and Hyundai Motor Group executive vice chairman Euisun Chung hosted a signing ceremony related to construction of the HMG Driving Experience Center at Hankook Tire’s new Taean Proving Ground.
Hankook Tire signed a memorandum of understanding (MOU) on 16 April with Korean fleet management service provider UB1st. The cooperative relationship between the two companies focuses on creating a new type of fleet management service by combining Hankook Tire’s offline service capabilities with vehicle data collected by UB1st’s platforms, such as UbiKhan.
Yokohama Rubber has signed a Memorandum of Understanding (MoU) with the Rubber Authority of Thailand (RAOT). The aim of this cooperative partnership with the state enterprise is to provide economic support for Thai natural rubber farmers and to improve traceability, with the aim of ensuring transparency and soundness within the supply chain.
In a letter to BSE, Ceat Ltd. has confirmed entering into a Memorandum of Understanding (MoU) with the government of India’s Tamil Nadu state. The tyre maker told the stock exchange that the MoU for setting up a new greenfield facility covers an estimated investment of Rs 40 billion (£437 million) over a period of ten years. It adds that passenger car radials, commercial vehicle radials and two-wheeler tyres will be produced in the plant.
A Memorandum of Understanding (MoU) covering the co-development of synthetic rubber technologies has been signed between Hankook Tire and Arlanxeo. Under the terms of the MoU, the two companies will jointly study and develop new high-performance synthetic rubber grades and applications, with the aim of increasing tyre performance from the early stages of product development.
On August 1, 2017 China National Chemical Equipment (CNCE; also known as ChemChian) and Fraunhofer Institute for Manufacturing Engineering and Automation (Fraunhofer) under Fraunhofer-Gesellschaft signed a strategic cooperation memorandum of understanding (MOU) in Munich. According to the MOU, the two sides will cooperate with each other in the fields of new chemical materials, intelligent manufacturing, automation and information technology.
Abu Dhabi-based investor Mubadala Investment Company has Nexen Tire on its radar, and this has led to the signing of a Memorandum of Understanding between the two firms. According to Nexen Tire, the agreement its chief executive officer Travis (Ho-chan) Kang formalised yesterday with Khaldoon Khalifa Al Mubarak, Mubadala’s managing director and group chief executive officer, sets out ways and means for both parties to “explore strategic partnership opportunities.” Mubadala has directly invested into Nexen as part of the agreement, however so far the tyre maker hasn’t disclosed the extent of this investment.
Malaysian news site Utusan Online reports the signing of a Memorandum of Understanding between Chinese tyre maker Shandong Wanda Boto Tyre Co. Ltd. and government agency the Malacca State Development Corporation (PKNM). The MoU, signed on 11 April, will see Wanda Boto invest Rm 1.2 billion (£213.5 million) to set up a tyre factory in Lipat Kajang, near the town of Jasin, some 100 miles southeast of Kuala Lumpur. The plant is expected to be operational by mid-2018.
The Memorandum of Understanding signed between the Marangoni Group and Onyx Group in January has now been finalised. With the transaction’s execution, the UAE-based company has acquired all shares in four Marangoni S.p.A. solid tyre businesses. The manufacture of solid tyres will continue at the Marangoni S.p.A. plant in Roverto, Italy, under an off-take agreement with Onyx.
A Memorandum of Understanding has been signed between the Philippines’ Department of Agriculture, the Philippine Rubber Farmers Association (PRFA) and Phoenix Petroleum Philippines, Inc. to establish the country’s first ever tyre production facility.