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Cabot & IFF collaborating to increased bio-based rubber content

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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Related news:

  1. Cabot commits to Paris Climate Agreement goals
  2. Cabot buys Tokai’s Tianjin carbon black plant for $9 million
  3. Cabot planning to invest US$90 million in Louisiana factory
  4. Cabot changes EMEA leadership
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Hankook and Hyundai sign Driving Experience Center MOU

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Hankook Tire’s Taean Tire Proving Ground in South Chungcheong Province will be completed in the first half of 2021 (Photo: Hankook)Hankook

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.

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Related news:

  1. Hankook Tire signs MoU with leading Korean fleet management firm
  2. France and Iran sign tyre technology exchange MoU
  3. Hyundai, Ulsan – The largest car factory in the world
  4. Korean OEMs switching to European tyre brands
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Hankook Tire signs MoU with leading Korean fleet management firm

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.

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Related news:

  1. Hankook Tire CEO Cho receives suspended prison sentence
  2. Hankook and Hyundai sign Driving Experience Center MOU
  3. Hankook Tire shares update on risk detection tech development
  4. CV Show launch for Laufenn truck tyre range
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VW and Ford establish van/EV partnership

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Volkswagen AG and Ford Motor Company have will partner in the production of light commercial vehicles after announcing the first formal agreements in “a broad alliance”. The alliance does not involve cross-ownership between the two companies.

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Related news:

  1. Connected, autonomous tech driving global LCV market toward recovery
  2. Nexen supplies New Volkswagen Caddy OE tyres
  3. Emissions revelation puts VW group credibility in question
  4. Daimler share price hit after emissions investigation news
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France and Iran sign tyre technology exchange MoU

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On Tuesday 25th September France and Iran signed a memorandum of understanding under which France will engage in a know-how transfer relating to tyre production technology with the Islamic Republic.

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Related news:

  1. Michelin considering Iranian tyre market
  2. Hankook and Hyundai sign Driving Experience Center MOU
  3. Iranian car market to experience modest growth after sanctions removal
  4. Iran tyre cord player emerges
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Ceat signs India factory MoU

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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.

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Related news:

  1. Ceat begins production at newest plant
  2. Ceat lays foundation stone for new tyre factory
  3. Ceat commissions Buti Bori plant
  4. Ceat acquires land for new tyre plant
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Wonderful Indonesia – Achilles signs co-branding MoU

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The Achilles Radial tyre brand is one of 28 brands in Indonesia that recently agreed to promote the ‘Wonderful Indonesia’ tourism initiative. On 8 August, tyre maker PT Multistrada Arah Sarana Tbk and the companies behind the other brands signed a Memorandum of Understanding with the Republic of Indonesia’s Ministry of Tourism.

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Related news:

  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. Multistrada to increase production capacity despite lower car tyre exports
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Agreement gives Continental room to expand tyre plant in Hefei, China

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At a ceremony held at Continental’s headquarters in Hannover, Germany yesterday, the tyre maker signed a long-term option for acquiring additional land adjacent to its plant in Hefei, China. The deal almost doubles the space available for further expansion at the site.

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Related news:

  1. 20 million tyres a year by 2022: Continental launches next expansion phase in Hefei
  2. Continental’s tyre test centre up and running in China
  3. Conti opens training centre in Hefei, China
  4. Continental opens China test centre
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MRF signs MoU for expanding plants

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Indian tyre maker MRF Ltd reports it has signed a Memorandum of Understanding with the Government of Tamil Nadu to invest at least Rs 45 billion (£446.4 million) in two plants located within the state over a seven-year period.

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Related news:

  1. MRF to increase tyre production capacity – reports
  2. ‘Ultra Mega Project’ – MRF investing Rs 45 billion to expand facilities
  3. MRF to double factory capacity
  4. MRF receives state approval for Sadasivpet tyre plant expansion
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Chinese tyre recycling plant to feed ‘SRI Compound’ demand

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A plant for converting end of life tyre rubber into a compound suited for use in new tyres will be set up in China’s Fujian Province if the aims of a new Memorandum of Understanding are fully realised. The MoU signed between China Automobile Parts Holding Limited and Malaysia’s Sri Elastomers Sdn. Bhd. on 18 March formalises both parties’ intention to form an alliance for the commercialisation of SRI Compound. Plans call for the establishment of a joint operation in the city of Xiamen.

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Related news:

  1. Agreement gives Continental room to expand tyre plant in Hefei, China
  2. Prinx Chengshan the only HKEX-listed tyremaker at Tire+
  3. Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
  4. CITExpo 2018: still room for small-medium Chinese players, though times are tough
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‘Ultra Mega Project’ – MRF investing Rs 45 billion to expand facilities

India’s MRF Ltd has informed the Bombay Stock Exchange that it will invest Rs 45 billion (£483.5 million) in its Perambalur and Arakonam plants in Tamil Nadu state over a seven year period as part of an expansion plan. The tyre maker will gain some level of support from the government of Tamil Nadu and says it will sign a Memorandum of Understanding with the government there in the near future. The government of Tamil Nadu has accorded the MRF expansion project ‘Ultra Mega Project Status’ under Tamil Nadu Industrial Policy 2014, a policy that aims to strengthen the state as a centre of manufacturing and increase exports from the region.

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Related news:

  1. MRF signs MoU for expanding plants
  2. MRF to double factory capacity
  3. MRF to increase tyre production capacity – reports
  4. MRF to expand capacity at three locations
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Michelin donates to €300,000 French agronomy programme

Under an agreement signed at the SIMA International Agri Business Show in Paris yesterday, Michelin will donate €300,000 to the La Salle Beauvais Polytechnic Institute to support its creation of a farming machinery and new agricultural technology programme. The funds will be donated over a three-year period through the Michelin Corporate Foundation. Jean-Dominque Senard, who in addition to his functions as Michelin chief executive officer and managing general partner is president of the Michelin Corporate Foundation, signed the Memorandum of Understanding together with Claude Gewerc, president of the Picardy Regional Council, Philippe Choquet, general director of the LaSalle Polytechnic Institute, and Richard Markwell, president of AGCO Massey Ferguson.

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Related news:

  1. Michelin opening new R&D facility
  2. Michelin reaffirms opposition to 3mm replacement
  3. ‘A tool to accelerate our innovation process’ – Michelin opens RDI Campus in France
  4. New dates for SIMA show
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Pirelli signs MoU for truck tyre factory expansion in Egypt

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Plans to enlarge Pirelli’s truck tyre radial facility in Egypt are one step closer to realisation following the signing of a Memorandum of Understanding between Pirelli Tyre S.p.A and Egypt’s Ministry of Investment. The freshly-autographed MoU explores the possible expansion of the Alexandria Tire Co. (Atco) plant, an operation that Pirelli holds more than 90 per cent control in. On the basis of the MoU, it is foreseen that Atco would invest around US$107 million to expand and technologically upgrade the plant. The investment is expected to take place over a 36 month period once the conditions (which have not been made public) for the launch of the expansion activities have been met. When completed, the expansion project will create up to 250 new direct jobs at Atco and increase truck tyre radial production by around 300,000 units per annum.

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Related news:

  1. Pirelli signs research MoU with Russian partners
  2. First Pirelli-Rosneft tyre centre opens in Moscow
  3. Yokohama Prometeon bid nearing completion, Aeolus Tyres now involved
  4. Rosneft gains funding for Pirelli acquisitions, signs MoUs with the Italian tyre maker
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