Maxam Tire Latin America (LATAM) will acquire and control the full equity interest in the LATAM Joint Venture (JV) on 31 October 2021. The 2015 JV was previously in place with Gustavo Lima and Marco Zigni and structured to expand the Maxam brand in the region via strategic partnership.
SPR Group recently set up a new tyre recycling plant in San José, Costa Rica via its affiliate in Mexico.
The new facility, located in the capital city of Costa Rica, has been designed to afford the use of the secondary fast-rotation granulator getting an input up to 5 tonnes per hour. This technological solution developed by SPR Group makes it possible to obtain a granulometry lower than 35 mm ready to be used as Alternative Fuel in the industry.
Dayco will open a new South American plant in Indaiatuba, Brazil. The engine products and drive systems supplier says the new plant will improve the company’s distribution, production and technological capabilities in South America and support its fast-growing aftermarket business in the region.
In September 2019, Tyrepress.com broke the news that Yokohama is set to buy the ex-Pirelli industrial tyre business Prometeon. Back then, we reported that the deal was at an advanced stage and could be completed before the end of 2019. That clearly didn’t happen, but the deal is still live and the latest news is that it is nearing completion, but now also involves Aeolus Tyres.
Dmack is celebrating its eighth year as tyre partner to the FIA CODASUR South American Rally Championship. The tyre supplier states that the championship is one of the world’s most diverse regional championships. It has provided competitors with gravel tyres for a wide range of surfaces – from rocky gravel roads to clay and mud.
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.
Linglong Tire confirms the signing of a US$300 million deal with Paraguay-based tyre distributor Sunset Tires. Wang Feng, chairman of Linglong Tire, put his signature on a strategic cooperation agreement along with Nabil Chamseddine, chief executive officer and president of Sunset, on 12 October.
Shandong Linglong Tire has signed a tyre distribution cooperation agreement with distributor Sunset to expand its market share in Brazil and Paraguay.
According to a statement issued on 7 September, Pirelli has disposed of its car tyre factory in Guacara, Venezuela and all other activities within the country. As Pirelli’s Venezuelan subsidiary was deconsolidated as far back as 31 December 2015, the tyre maker says the operation’s divestment “has no financial effects on the group.”
TRM, the Tyre Retreading Machinery division of Marangoni, is aiming to grow its business in South America, specifically the Brazilian market, the company said.
Machinery manufacturer VMI says it is increasingly active in South America, and in response VMI South America Ltda has moved to a new and larger location. On 12 May, VMI South America opened its new facility in the Brazilian city of Itatiaia, approximately half way between São Paulo and Rio de Janeiro. Managing director Robson Souza de Araujo and his team now have approximately 1,350 square metres of floorspace at their disposal, an area divided into workshop and office space.
ZC Rubber has hosted its 2016 dealer meeting in Brazil. The Hangzhou based manufacturer outlined its new strategic plan focusing on business development. According to Ge Guorong, vice president of ZC Rubber, the company has continued steady development with output reaching more than 7 million truck and bus tyres and more than 14 million car and light truck tyres in the first half of 2016, accounting for 17.57 per cent and 13.21 per cent respectively within the Chinese tyre industry.
Retreading solutions provider Eversafe Rubber has outlined plans for expansion beyond the Asean region once it has completed its current initial public offering (IPO), with South America identified as a target.
The company has released a draft prospectus describing potential investment in South America, following its first moves into Brazil this year. Plans include trademarking its brand in several regions, including South America.
Maxam Tire Latam showcased its OTR, industrial, construction and agricultural tyre lines at the 2016 Expomina show in Lima, Peru, held between 14 and 16 September at the Centro de Exposiciones Jockey.
Latin Expo Group