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You are here: Home1 / Nynas

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Nynas stops doing business with Russia and Belarus

International News
Nynas

Nynas has halted the purchase of feedstock of Russian origin. Sales to customers in Russia and Belarus have also been stopped. According to the petrochemical company which supplies tyre industry, the Russian invasion of Ukraine and “its tragic consequences throughout the region” prompted Nynas to reconsider its supplies from Russia and also sales to the country.

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Related news:

  1. Sanction-hit tyremaker Belshina patriotic amid war in Ukraine
  2. Bitumina becomes Nynas’ largest shareholder
  3. Nynas exits reorganisation
  4. Rosava’s long-established partnership with Belarussian Grodno Azot tested by war
3rd March 2022/by Chris

Nynas reorganisation closed

Company News, International News
Nynas

Nynas has settled payments to trade creditors with claims remaining, after receiving an initial payment of 100,000 Swedish krone each following the completion of Nynas’s company reorganisation in January 2021. According to a statement published by the speciality oil refiner and supplier on 19 January 2021, those actions are “in accordance with the composition agreement between all creditors and as decided by the District Court of Södertörn”.

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Related news:

  1. Nynas exits reorganisation
  2. Bitumina becomes Nynas’ largest shareholder
  3. Nynas changes hands again
  4. Nynas enters restructuring process
19th January 2022/by Chris

Nynas appoints Group Strategy and Sustainable Development VP

Career Tracks
Nynas

Nynas has appointed Johan Andersson as vice president Group Strategy & Sustainable Development in Nynas. Johan Andersson leaves the position as CEO of the National Oil Industry Association in Sweden, Drivkraft Sverige, to take on the role. As the CEO he has since 2019 launched a roadmap for climate-neutral competitiveness for the industry, restructured the industry association and repositioned it as an organisation for innovative and sustainable mobility.

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Related news:

  1. Gert Wendroth appointed Nynas president
  2. Nynas appoints Bo Askvik as president and CEO
  3. Nynas enters restructuring process
  4. Nynas showing low rolling resistance oil benefits at Tire Technology
24th September 2021/by Chris

Nynas appoints three new board members

Career Tracks, Company News, International News
Nynas is now free from the US sanctions against VenezuelaNynas

Nynas has appointed three new board members following the resignations of Bernd Schmidt, Rami Farah, and Mohamed Idriss.

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Related news:

  1. Thomas Williams joins Goodyear board
  2. Nynas appoints Bo Askvik as president and CEO
  3. Nokian Tyres appoints Hille Korhonen as president and CEO
  4. Cooper Tire names new North American president
23rd August 2021/by Chris

Nynas changes hands again

Company News, International News
Nynas

After a turbulent few years, tyre industry supplier, Nynas AB has changed hands again signing a binding agreement with an investment vehicle managed by Davidson Kempner Capital Management LP for the acquisition of the entire equity stake (49.9%) in Nynas from Bitumina Industries Limited, making it the largest individual shareholder of Nynas.

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Related news:

  1. Cabot buys Chinese nanotube supplier for $115 million
  2. Bitumina becomes Nynas’ largest shareholder
  3. Nynas exits reorganisation
  4. Goodyear launches private offering to raise funds for Cooper Tire acquisition
26th July 2021/by Chris

Tyre industry suppliers Nynas, Cabot and Evonik amongst top EcoVadis ratings

Company News, International News
EcoVadis

Upstream suppliers to the tyre manufacturing industry Nynas, Cabot and Evonik have received some of the top ratings in the 2021 EcoVadis auditing process. Specifically, these three firms all ranked in the top 1 per cent of their peers, earning platinum status. Meanwhile, carbon black supplier Birla Carbon received the EcoVadis’ gold accreditation.

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  1. Birla Carbon receives IATF certification across all factories
  2. Hankook wins platinum medal for CSR engagement, sustainability
  3. Birla Carbon to raise carbon black prices 9%
  4. Birla Carbon appoints chief research and development officer
23rd April 2021/by Chris

Nynas appoints Bo Askvik as president and CEO

Career Tracks, Company News
Nynas

Oil refiner and tyre industry supplier Nynas AB has formally appointed Bo Askvik as president and CEO of Nynas on a continuing basis with immediate effect.

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  1. Goodyear appoints new EMEA president
  2. Cooper Tire names new North American president
  3. Ex-Goodyear Dunlop comms director joins PR firm
  4. Nikolai Setzer takes over as Continental CEO
2nd March 2021/by Chris

Nynas exits reorganisation

Company News, International News
Nynas

Nynas has exited company reorganisation after Swedish courts confirmed the process is now complete following a creditors meeting. The court’s decision is effective 21 December 2020. After this, Nynas will no longer be limited by reorganisation regulations.

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Related news:

  1. Nynas exits US sanctions
  2. Bitumina becomes Nynas’ largest shareholder
  3. Nynas considering India expansion
  4. Nynas enters restructuring process
30th November 2020/by Chris

Bitumina becomes Nynas’ largest shareholder

Company News, International News, UK News
Nynas

Having exited US sanctions in May 2020, Nynas – which supplies oils to the tyre and rubber industries – has continued an eventful year by announcing significant ownership changes that put Bitumina in a commanding position amongst its shareholders.

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Related news:

  1. Nynas exits reorganisation
  2. Nynas exits US sanctions
  3. Nynas considering India expansion
  4. RISE and Environ embark on tyre-derived oil research project
16th September 2020/by Chris

Nynas exits US sanctions

Company News, International News, Legislation
Nynas is now free from the US sanctions against VenezuelaNynas

The US Treasury Department’s Office of Foreign Asset Control (OFAC) has confirmed that Nynas is no longer being blocked pursuant to the Venezuela Sanctions Regulations. As a result of a corporate restructuring of the ownership of Nynas AB, sanctions are lifted.

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Related news:

  1. Nynas exits reorganisation
  2. Bitumina becomes Nynas’ largest shareholder
  3. RISE and Environ embark on tyre-derived oil research project
  4. Trelleborg Fined US$11M for Cartel Involvement
13th May 2020/by Chris

Nynas showing low rolling resistance oil benefits at Tire Technology

International News, Product News

Nynas is attending Tire Technology Expo in Hannover, Germany, 25-27 February 2020 where the company is showing how tyres made with Nynas oils provide “low rolling resistance, reducing energy losses and fuel consumption, while maintaining wet grip for improved control on snow and ice.” Performance of naphthenic oil in winter tyres will also be examined in a presentation by Technical Advisor Dr. Kamyar Alavi, entitled “Get a grip: performance of naphthenic oil in winter tyres.”

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Related news:

  1. RISE and Environ embark on tyre-derived oil research project
  2. Gert Wendroth appointed Nynas president
  3. Nynas enters restructuring process
  4. Nynas: Our oils contribute to safe & efficient winter tyres
24th January 2020/by Chris

Nynas: Our oils contribute to safe & efficient winter tyres

Product News

Swedish company Nynas is presenting its naphthenic tyre oils at Tire Technology Expo next month, and aims to convince customers and producers that tyres made with Nynas oils “provide low rolling resistance, reducing energy losses and fuel consumption, while maintaining wet grip for improved control on snow and ice.”

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  1. Nynas showing low rolling resistance oil benefits at Tire Technology
  2. Turnover Up, Profits Down – Nokian’s First Quarter Figures
  3. Conti’s Winter Tyre Sales Exceed 19 Million
  4. Nokian announces ‘A’-rated winter tyre for electric vehicles
15th January 2020/by Stephen

Nynas enters restructuring process

International News, UK News

Nynas AB (publ) filed for “company reorganisation” in Sweden at Södertörn’s District Court today (Monday 16 December 2019). According to a company statement, Nynas’s banks have refused to continue to extend loans to the company and therefore “Nynas cannot pay due debts forcing the company to apply for a reorganisation”.

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Related news:

  1. Nynas to Supply Lanxess Rubber Production Following DAE Ban
  2. Gert Wendroth appointed Nynas president
  3. RISE and Environ embark on tyre-derived oil research project
  4. Nynas exits reorganisation
16th December 2019/by Chris

RISE and Environ embark on tyre-derived oil research project

International News, Product News
Research Institutes of Sweden (RISE), Nynas AB

The Research Institutes of Sweden (RISE) and Swedish oil company Nynas AB are launching a joint research project aimed at developing a process for refining the oil that is recovered from end-of-life tyres using Scandinavian Enviro Systems AB’s recycling method. Through refining, the oil can be used for more than fuel, which both increases the value of the recovered oil and reduces the environmental impact.

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Related news:

  1. Enviro: Improved tyre pyrolysis market will help revenues
  2. Sri Lanka tyre manufacturer signs recycled carbon black order
  3. Nynas considering India expansion
  4. Nynas showing low rolling resistance oil benefits at Tire Technology
26th November 2019/by Chris

Nynas “honoured” by Pirelli Supplier Award

International News

Nynas representatives has said the company is “honoured” to have been named as one of nine suppliers selected from a global list of more than 10,000 to receive a Pirelli Supplier Award.

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Related news:

  1. Pirelli recognises suppliers’ excellence
  2. European firms stand out in Pirelli 2014 Supplier Awards
  3. Pirelli one of America’s ‘most reputable companies’
  4. Temporary measure or close of play? Pirelli stops production in Venezuela
30th September 2019/by Chris
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