On 4 February, DHL announced that the well-known logistics company has signed a Memorandum of Understanding (MoU) with Michelin. Commenting in a statement on social media, DHL global customer director, Benjamin Jehl said the agreement signalled “the start of an exciting new chapter in our journey” and suggested it relates to sustainability, continuing:
Synthetic rubber producer Synthos has signed a Memorandum of Understanding (MOU) with Sumitomo Rubber Industries (SRI), manufacturer of the Falken tyre brand and Dunlop tyres for many markets outside Europe. Under the terms of this MoU, the partners will promote the development and use of high-performance rubber powders for the production of sustainable tyres.
Model Solution, which is a subsidiary of Hankook & Company Group, has signed a memorandum of understanding (MOU) with Hycore Co. Ltd., which specialises in AI mobility. The MOU focuses on prototyping and mass production of AI-based robotic mobility.
Kal Tire’s Mining Tire Group has entered into a global mining partnership with Pitcrew AI, a pioneer in autonomous vehicle inspection systems. The Memorandum of Understanding (MOU) signed by the two firms solidifies their existing collaboration and designates Kal Tire’s Mining Tire Group as Pitcrew AI’s preferred global partner. Kal Tire says the agreement capitalises on its extensive customer network and will leverage its established presence in key mining regions to ensure widespread accessibility to Pitcrew AI’s technology.
A Memorandum of Understanding (MoU) confirmed between Cambodia and China paves the way for major investments in tyre and rubber sector projects. Cambodia’s First Deputy Prime Minister, Sun Chanthol, signed the MoU together with Yuan Zhongxue, director of China’s National Engineering Research Center for Rubber and Tires (NERCRAT), during a visit to the Qingdao-based facility earlier this month.
Synthetic rubber producer Synthos has announced the signing of a Memorandum of Understanding (MOU) with OMV, an Austrian multinational integrated oil, gas, and petrochemicals company. Under the MOU, the two firms will cooperate on the long-term supply of sustainable raw materials, with a focus on sustainable butadiene for synthetic rubber used in tyre manufacturing.
Within the framework of a Memorandum of Understanding with the Korea Expressway Corporation’s Road Traffic Research Institute, Nexen Tire intends to reduce the time and expense required to produce tyres for original equipment customers. The two partners signed the MoU on 27 November at the Research Institute’s headquarters in Dongtan, Hwaseong.
Scandinavian Enviro Systems (Enviro) and Siemens have signed a Memorandum of Understanding regarding a collaboration to support the European expansion plan that Enviro announced together with Antin Infrastructure Partners earlier this year. Through the collaboration, Siemens’ “extensive experience in automation and digitalisation” will help boost the efficiency of Enviro’s production.
UTAC, which owns test centres including Millbrook and winter facilities in Ivalo, Finland has signed a Memorandum of Understanding (MOU) with BlueBinaries to “position the two companies as end-to-end test solutions and services provider for mobility industry globally”.
Apollo Tyres Ltd and the Telangana Government have agreed to open a Digital Innovation Centre in Hyderabad. The two parties signed a Memorandum of Understanding (MoU) to that effect after a meeting between the two parties during the World Economic Forum at Davos. The planned Hyderabad location is Apollo Tyres’s second Digital Innovation Centre. The first is in London.
Pyrum Innovations intends to build up to ten pyrolysis plants for recycling end-of-life tyres in the EU by 2030 together with tank terminal operator Unitank Betriebs- und Verwaltungs. The two firms agreed on this in a MoU signed in September. The first plant will be built in Germany, with its exact location finalised by the end of this year and commercial operation probably commencing late 2025.
A memorandum of understanding (MoU) between Michelin and Hyundai Motor Group will facilitate the development of a new generation of tyres optimised for electric vehicles (EVs). The three-year agreement, a follow-up to the partnership of November 2017 that resulted in an exclusive Michelin tyre for the Hyundai Ioniq 5, covers joint work on tyres containing an increased level of eco-friendly materials, tyres optimised for next-generation EVs as well as a real-time tyre monitoring system for autonomous vehicles.
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.
On Tuesday, the Marangoni Group and Indian reclaimed rubber manufacturer GRP Ltd. entered into a non-binding Memorandum of Understanding for the sale of Marangoni’s equity shareholding in Marangoni GRP Pvt Ltd, a 50/50 joint venture established in 2015 to bring the Marangoni Ringtread system of retreading to India.
Under a freshly signed Memorandum of Understanding (MOU), Cabot Corporation will work with IFF Health and Biosciences, a leader in world-class bio-science and engineering, to develop and commercialise sustainable reinforcing additives for rubber products. The partners will exclusively work together to accelerate the advancement of solutions that reduce greenhouse gas emissions and increase the amount of renewable bio-based content in rubber products.
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