The natural rubber supply chain is very complex. It includes around six million farmers, 100,000 intermediaries and over 500 processing plants. To bring greater transparency to the supply chain, two ‘top-five’ tyre makers are now cooperating with a third party in a joint venture: Michelin and Continental, together with IT agricultural specialist Smag, have formed a company to further develop and deploy a technological solution for mapping sustainability practices. The client-facing portion of this technology is a smartphone app called Rubberway.
At last week’s HR Excellence Awards 2018 in Singapore, Bridgestone Asia Pacific walked away with an ‘Excellence in HR Change Management’ award. Receiving bronze in this category, Bridgestone was the only tyre maker honoured at the ceremony.
Singapore-based Firenza’s truck and bus tyres are manufactured manufacturing facilities in both Vietnam and Thailand which incorporate “the very latest technological advancements in tyre building technology and design”, according to the company.
All Firenza commercial tyre patterns include a solid shoulder construction complete with a zero angled steel band that is designed to significantly reduce irregular wear whilst a unique tread groove arrangement effectively safeguards against casing damage and stone retention.
Singapore-based contract brand Firenza has opened its first tyre retail concept branch in Cairo, Egypt. This development is a joint venture between Firenza and its long-term Egyptian sales partner Ashfraco.
On 3 April the Intellectual Property Office of Singapore (IPOS) said Thai tyre maker Deestone can retain its brand name despite opposition from Bridgestone, which owns both the Bridgestone and Firestone tyre brands.
Firenza has confirmed it will be supporting the very first The Tire Cologne Show in Germany at the end of May.
From a traditionally appealing international booth, Firenza will be looking to showcase five of its most popular product ranges in both tire and wheels and making its debut in Europe will be the recently introduced Firenza ST06 and ST01A high performance PCR patterns which are exclusively manufactured in Thailand.
Roads account for 12 per cent of Singapore’s total land area and the 278 square mile island city-state is home to some 907,000 vehicles, including approximately 612,000 cars. Enough is enough, says the Land Transport Authority of Singapore (LTA) – from February 2018, it will allow no additional growth in the country’s car and motorcycle parc.
Volvo Buses and Nanyang Technological University (NTU) in Singapore have signed a cooperation agreement on a research and development programme for autonomous electric 12-metre buses. For Volvo Group this will be the first autonomous application in public transportation. Volvo Group has also presented an autonomous, battery-electric, load carrier.
Omni United has received the Enterprise 50 Award for the fifth consecutive year at the Enterprise 50 awards ceremony that was held in Singapore. In winning the award, the company was ranked among the top 50 Singapore-based, privately-held companies.
The first ever wet Singapore Grand Prix saw the top six starting on Pirelli’s Cinturato Green intermediate tyre and a mixture of Cinturato Blue wets and intermediates further down the grid. the early safety car periods provided the opportunity for some drivers to change from wet to intermediate tyres, while Daniel Ricciardo, who had started on intermediates, opted to change to a fresh set of intermediates. The Red Bull driver finished the grand prix second, behind the Mercedes of race winner Lewis Hamilton.
Singapore-based international contract tyre producer – Firenza are established in the UK and Europe as a supplier of value and mid-range truck and bus tyres. According to the company, the Firenza TBR range is manufactured within “leading international production facilities in China and Vietnam”.
Singapore-based tyre distributor Stamford Tyres Corporation Limited has reported a 213.6 percent year-on-year increase in net profit for the 2017 financial year, which ended on 30 April 2017; compared with 2015, net profit last year was up 376.5 per cent. This profit of S$8.1 million (£4.6 million) was accompanied by a gross margin of 26.2 per cent, up from 24.7 per cent in 2016 and 22.1 per cent in 2014. Total revenue for 2017 was $235.8 million (£133.1 million), 1.7 per cent lower than the previous year. Revenue derived from the distribution of tyres and wheels accounted for 87.2 per cent of total revenue while wheel manufacturing accounted for 12.8 per cent.
On 11 June, the PremiumContact 6 was launched into Singaporean shores. The PremiumContact 6 was launched in Europe in November 2016 and is designed to combines “comfort, precise steering response, maximum safety and good environmental properties”. To this end, the development engineers have come up with new compounds and a tyre design that borrows from Continental’s high-tech SportContact 6 tyre. The outcome is a product that delivers up to 15 per cent improvements in handling performance, rolling resistance, mileage and comfort compared to its predecessor.