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You are here: Home1 / proving ground

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Sentury Tire joins the Shenzen Stock Exchange

Company News, International News, Premium

Having received approval back in June, Qingdao Sentury Tire has successfully completed its Initial Public Offering (IPO) and is now listed on the Shenzhen Stock Exchange (China) as of 11 September 2020. 11 per cent of the company’s shares were valued at 1.31 billion yuan (162 million euros; £149.859 million) by investors, resulting in a theoretical total valuation of 1.47 billion euros. The offered shares offered were oversubscribed 2887 times over. But what is the company planning to do with its newly-raised funds?

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Related news:

  1. Georgia selected as location for $500 million Sentury Tire US factory
  2. Nexen appoints Seung-Do Jin as new European president
  3. Giti to build $560 million US tyre plant
  4. Sentury internationalising with US tyre factory investment
11th September 2020/by Chris

Hankook and Hyundai sign Driving Experience Center MOU

Company News, International News
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
22nd June 2020/by Chris

Test World opens new tracks to ‘meet growing customer demand’

Company News

Test World is starting its full programme of winter tyre and vehicle testing after expanding its outdoor tracks in Ivalo, Northern Finland. The team has added 4km of new tracks to meet the rise in demand for tyre and vehicle test services, making the total length 84 km. Some tracks have been reshaped based on customer feedback and to meet changing requirements.

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Related news:

  1. Millbrook’s Test World acquisition followed ‘strategic collaboration’
  2. Finnish Prime Minister visits Test World tyre test centre
  3. Millbrook expanding Test World facilities in Finland
  4. Test World opening indoor wet and dry asphalt test tracks
28th October 2019/by Andrew

Work begins on Nokian Tyres’ technology centre in Spain

Company News, International News

A groundbreaking ceremony held today marked the start of construction work on a new testing and technology centre being set up by Nokian Tyres in Spain. Festivities to celebrate the occasion were held at the site in Santa Cruz de la Zarza. Nokian Tyres anticipates the completion of the first test tracks next year ahead of the technology centre attaining full operational status in 2020.

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Related news:

  1. Nokian Tyres to build test facility, technology centre in Spain
  2. Court confirms sentences for misappropriation of Nokian Tyres’ business secrets
  3. Commercial production starts at Nokian Tyres’ USA plant
  4. Nokian Tyres adjusting output in Russia, freezes hiring at new USA plant
25th May 2018/by Stephen

SRI: USA Technical Center fully operational in January, European facility in September

Company News, International News

Since gaining a much greater degree of freedom to conduct business in North America and Europe with the dissolution of its global alliance with Goodyear in October 2015, the Sumitomo Rubber Group has striven to enhance its R&D, production and sales infrastructure to better serve these markets. As part of these efforts, the tyre maker has built a new, 3,500 square metre USA Technical Center on the grounds of its Tonawanda factory in New York State. Sumitomo Rubber Industries reports that this facility will become fully operational in January 2017. The company is also moving forward with the preparations for a Europe Technical Center, which it expects to be fully operational as of September 2017.

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Related news:

  1. New year, new business structure – SRI making changes in North America
  2. SRI increasing capacity at US tyre factory
  3. SRI team commended for ‘4D Nano’ research
  4. SRI’s Buffalo factory to supply Japanese car makers with OE Dunlop tyres, phasing out Goodyear make to order
15th December 2016/by admin

Nokian Tyres to build test facility, technology centre in Spain

Company News, Premium

The Spanish municipality of Santa Cruz de la Zarza, some 50 miles southeast of Madrid, has been selected as the location of Nokian Tyres’ new technology centre for the testing of summer and winter tyres. The Finnish tyre maker will invest approximately €16 million to build the facility on a site of some 300 hectares. Construction work will begin early in 2017, and while the facility will not be finished until 2019 the first project stage is expected to be completed next year.

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Related news:

  1. Linglong partnering with IDIADA in China tyre test centre project
  2. Work begins on Nokian Tyres’ technology centre in Spain
  3. Millbrook buys Test World
  4. Vipal Rubber signs retread manufacturing joint venture with Mezcla Caucho
20th September 2016/by admin

ETI developing ‘smart’ TPMS at MIRA

Product News, UK News

The Energy Technologies Institute (ETI) is to invest £200,000 in the first stage of four-month project which aims to develope smart tyre pressure system (commonly called TPMS) at MIRA. According to the two parties, the project aims to help increase the fuel efficiency and reduce emissions of all heavy duty land vehicles that use pneumatic tyres.

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Related news:

  1. 5*StarS consortium, led MIRA, to focus on cyber security
  2. MIRA first to offer Tempest-accredited testing in the UK
  3. ResiCAV: ‘Urgent Need’ for UK Road Transport Cybersecurity Programme
  4. Horiba MIRA reopens, becomes ‘Covid-Secure’
14th April 2016/by admin

Yokohama Rubber opens winter tyre proving ground

Company News, International News

A ceremony held on 20 January marked the official opening of Yokohama Rubber’s new winter tyre testing facility in Japan. The ribbon on the Tire Test Center of Hokkaido (TTCH) was cut by a number of dignitaries, including Yokohama Rubber president Hikomitsu Noji and Masahito Nishikawa, mayor of host city Asahikawa.

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Related news:

  1. Yokohama opens indoor winter tyre test facility
  2. Yokohama Rubber Raises Sales and Earnings Projections
  3. Yokohama Points to New Winter Tyre Engineering Breakthrough
  4. Tyre sensor development – Yokohama Rubber working with Alps Alpine
26th January 2016/by admin

Millbrook’s Test World acquisition followed ‘strategic collaboration’

Company News, International News, UK News

The formal agreement to acquire Test World was preceded by the establishment of a “strategic collaboration” between Millbrook and the Finnish facility in June 2015. The collaboration was announced at Automotive Testing Expo Europe 2015, in Stuttgart which ran from 16 – 18 June. There the growing partnership between the two companies could be seen in their adjoining exhibition stands designed to demonstrate the range of facilities and services the two businesses can offer.

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Related news:

  1. Millbrook buys Test World
  2. Millbrook expanding Test World facilities in Finland
  3. Test World opening indoor wet and dry asphalt test tracks
  4. Hankook building winter tyre proving ground in Finland
24th September 2015/by admin

ZC Rubber: IDIADA tests ‘strong’

International News, Product News

Compared with other international tyres, ZC Rubber reports that its Goodride Sport SA-37 has “obvious advantages”, especially in terms of wet braking test and with relation to the 225/45 R17 size.

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Related news:

  1. Linglong partnering with IDIADA in China tyre test centre project
  2. ADAC summer tyre test 2014 – the results
  3. Michelin previews CrossClimate+ at Paris Motor Show
  4. Goodyear: New EfficientGrip Performance 2 tyre offers 20% more mileage than Michelin
9th September 2015/by admin

Camber Ridge to open $60 million indoor tyre test track in 2016

International News

Camber Ridge LLC has announced its financial partnership with Teton Capital LLC of Jackson, Wyoming, to launch a new state-of-the-art facility for vehicle tyre characterisation, which will begin operations in 2016. The facility aims to offer all the advantages of testing real tyres on real surfaces, but with the precision, environmental control and repeatability of a laboratory environment.

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Related news:

  1. SRI: USA Technical Center fully operational in January, European facility in September
  2. Yokohama donates to local colleges ahead of US groundbreaking
  3. Georgia selected as location for $500 million Sentury Tire US factory
  4. Incentives helped Triangle decide to build US factory in North Carolina
5th August 2015/2 Comments/by admin

Conti to test Taraxagum-based WinterContact TS 850 P at Arvidsjaur

Premium, Product News

Continental will reach an important milestone in its research project for the industrialisation of dandelion rubber in tyre production when it tests its first WinterContact TS 850 P with a Taraxagum based tread at its Swedish testing facility. Continental unveiled its first test tyres made from the raw material (the botanical name for dandelion is taraxacum) in a limited series last autumn. The use of the material in its WinterContact TS 850 P takes Continental “an important step closer” to its long-term sustainability goals, reducing its dependence on traditional raw materials.

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Related news:

  1. Taraxagum – Continental unveils brand name for dandelion tyre rubber
  2. Continental producing first Taraxagum-based test tyres
  3. Conti launches WinterContact TS 850 P winter tyre in Austrian alps
  4. Auto Express names Dunlop, Continental Product Awards winners
4th August 2015/by Andrew

Sami Toljamo becomes Test World MD

International News

Sami Toljamo has been appointed managing director of well-known Finnish test centre Test World effective 3 November 2014. According to the company, Toljamo has strong background in international business and in managing test facilities.

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Related news:

  1. TestWorld building year-round winter test centre in Summer 2012
  2. Millbrook buys Test World
  3. Test World appoints new business development director
  4. Test World opens new tracks to ‘meet growing customer demand’
21st October 2014/by admin

Linglong partnering with IDIADA in China tyre test centre project

Company News, International News, Premium
Linglong and IDIADA signing

On 1 July Linglong Group signed a strategic agreement with IDIADA to partner in the construction of a central Asian tyre proving ground. The agreement was signed between Josep-Maria Farran, COO (chief operating officer) of IDIADA, and Wang Feng, vice president of Linglong Group, marking the start of this strategic cooperation.

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Related news:

  1. Football & tyres: Linglong Tire partnering with VfL Wolfsburg
  2. Linglong Tire’s R&D, European factory plans – Wang Feng gives details
  3. Millbrook buys Test World
  4. Nokian Tyres’ boss: How could we “have been so stupid”? – Ari Lehtoranta talks tyre test manipulation
10th July 2014/1 Comment/by admin

Maxxis unveils $150m Shanghai proving ground

International News, News

Maxxis International has held a grand opening ceremony attended by nearly 400 domestic dignitaries and overseas partners for its new Maxxis Proving Ground in Kunshan City, directly adjacent to the company’s Shanghai manufacturing plant. The 860,000sqm comprehensive testing facility is estimated to have cost more than US$150 million, and is thought to be the first proving ground on such a large and all-encompassing scale in China. Cheng Shin Rubber Ind. Co., Ltd., doing business as Maxxis International, calls its new testing facility the country’s “first international standard proving ground”. Backing up this claim, Tyres & Accessories/Tyrepress.com was informed at the opening that at least one European original equipment manufacturer – Mercedes – had given Maxxis input into the facilities required at the proving ground to continue to build its OE supply, while a construction firm from Japan was consulted, though it was built by the Chinese.

Read more

Related news:

  1. Investments Signal Maxxis’ Competitive Intentions
  2. Hangzhou Zhongce largest tyremaker in China
  3. Maxxis: Sales have grown US$2 billion in five years
  4. Federal and Hero brands comply with Reach, manufacturer says
19th November 2012/by Andrew
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