Tag: Russia
Tatneft acquires Sibur synthetic rubber plant
Tatneft’s acquisition of Sibur’s petrochemical plant in Togliatti, Russia has been completed. This concludes the process initiated by the signing of an agreement of intent between the two parties at the end of August 2019.`
Bridgestone adds India to EMEA region
From 1 January 2020, Bridgestone’s India business will fall into the EMEA Strategic Business Unit (SBU), transferring from the China, Asia-Pacific SBU. As a result, Bridgestone Europe, Russia, Middle East and Africa (BSEMEA) will become Bridgestone Europe, Russia, Middle East, India and Africa (BSEMIA), one of four SBUs globally, alongside Bridgestone China, Asia-Pacific, Bridgestone Americas, and Bridgestone Japan. According to the company, the integration of Bridgestone India into EMEA comes as a result of Bridgestone EMEA’s “ongoing transformation capitalising on the opportunities digitalisation offers to pioneer mobility solutions that meet the needs of customers for convenience, efficiency and sustainability”.
Mete Ekin leading Bridgestone Emerging Market business
As of 1 October, Mete Ekin is vice president of Bridgestone Emerging Markets. In this role he oversees Bridgestone EMEA’s businesses in Africa, the Middle East and Russia. The former regional managing director Middle East and Africa reports to Paolo Ferrari, chief executive officer of Bridgestone EMEA.
Harder tyre choice allowed drivers to push pace in Sochi – Pirelli
Mercedes’ Lewis Hamilton won the Russian Grand Prix from second on the grid with one pit stop, moving from the medium to the soft tyre under a virtual safety car. His team mate Valtteri Bottas, who finished second, adopted the same strategy. Behind them there was a wide variety of tactics seen throughout the 53-lap race, which featured two safety cars: one straight after the start, and one just over the halfway point.
Nokian Tyres: No Brexit worries, just car market concerns
Brexit is perhaps just over a month away, and while many companies face an uncertain future, Nokian Tyres is in the happy position of being relatively unconcerned about the UK rescinding its European Union membership. That’s just as well, as the Finnish tyre maker has other things to worry about.
Hankook extends Russian Ice Hockey League until 2022
Hankook and the Russian Kontinental Hockey League (KHL) have officially extended their partnership until 2022. As a result, Hankook remains "KHL Championship Supplier" and "Official tyre partner" in one of the largest ice hockey leagues in the world. The KHL is one of the top sports events in Belarus, China, Finland, Kazakhstan, Lithuania, and Russia where the games are held.
Yokohama gains Nissan Rus supplier award
Nissan’s Russian manufacturing operation has acknowledged tyre maker Yokohama a Nissan Best Supplier Award. Igor Boitsov, general director of Nissan Manufacturing Rus LLC, presented the award to LLC Yokohama R.P.Z. at a ceremony in St. Petersburg.
Nizhnekamskshina: 11 million tyres in 2018
At its annual general meeting this month, Russian tyre maker PJSC Nizhnekamskshina reported that it produced more than 11 million tyres in 2018. In addition to supplying the aftermarket and domestic OEMs such as Volkswagen Group Rus, Ford Sollers Holding, UAZ and GAZ Automobile Works, Nizhnekamskshina tyres were exported to 38 countries during the year.
Restructuring within Tatneft tyre business
Tatneft reports that structural changes have been implemented in its Kama Tyres tyre manufacturing business. The Russian company reports that its OOO Nizhnekamsk Truck Tyres Factory has now joined together with the OOO Nizhnekamsk SSC Tyre Factory. It says the aim of this change is to improve the efficiency of the company’s petrochemical production process management system.
Nokian Tyres: US factory launch team training in Europe
Following a month of orientation, Nokian Tyres has sent the first group of employees hired for its new factory in the USA on a six-week training experience at its facilities in Russia and Finland. The training trip’s aim is to equip members of the Dayton, Tennessee plant launch team with the skills they’ll need when beginning the production process ramp-up ahead of the start of commercial production in 2020.
Nokian’s US staff travelling to Europe for training
Nokian Tyres is sending the first group of US employees from its Dayton, Tennessee factory to Europe for training. After a month of orientation, Nokian reports that it is sending the staff group on a six-week training trip to its facilities in Russia and Finland.
Titan International closes RDIF put option transaction
On 22 February, Titan International Inc. closed the previously-announced transaction with an affiliate of the Russian Direct Investment Fund (RDIF), one of the three shareholders of Voltyre-Prom. Under the terms of a definitive agreement entered into on 11 February, Titan paid RDIF US$25 million in cash and agreed, subject to the completion of regulatory approval, to issue RDIF 4,032,259 shares of restricted Titan common stock in a private placement. The agreement stipulates that RDIF must hold these shares for a period of three years from the date of the agreement.
Carl Zeiss and TRM sign cooperation agreement
TRM Srl. and Carl Zeiss Optotechnik GmbH have signed a co-operation agreement. As a result of the agreement, TRM will add Zeiss Shearography Systems to its portfolio and will be an authorized dealer for this product line. Furthermore, Zeiss will train the technical staff of TRM on Intact machines. This will allow TRM to offer qualified and authorized after sales service to Shearography customers. For Zeiss this will increase the availability of technical service throughout the markets.
Titan receives additional settlement put option notice
Titan International, Inc. has received an additional settlement put option notice From OEP 11 COÖPERATIEF U.A. (OEP), an affiliate of One Equity Partners, one of the three shareholders of Voltyre-Prom, of its exercise, effective 8 January 2019, of the settlement put option with respect to its holdings in Voltyre-Prom, pursuant to the Voltyre-Prom Shareholders' Agreement.
BorgWarner executive arrested for spying in Russia
Well-known automotive parts manufacturer BorgWarner has confirmed that its head of security has been arrested by Russian security services. Various news sources report that Paul Whelan was arrested on spying charges.