Hexpol completed the 48 million euro acquisition of 100 per cent of Unión de Industrias C.A., S.A. (Unica) from Espiga Capital, a Spanish based Private Equity firm on 7 July 2021. Unica’s turnover in 2020 amounted to 40 million euros, with a profitability “below Hexpol Group”, according to the business’s new owner. Unica will be consolidated into Hexpol from 1 July.
Kenda Tire Europe has appointed Safame Comercial SL as a tyre distribution partner in Iberia. Effective immediately, “Kenda’s complete tyre portfolio will be available to purchase through Safame’s distribution network of more than 7,000 outlets across Spain and Portugal.”
Hankook Tire has expanded its testing and development capacities in Europe with the commissioning of a new test centre in Spain. The facility, located some 40 miles southwest of Barcelona on the premises of the Applus+ IDIADA Group, will enable the tyre maker to “build on even more efficient and state-of-the-art, fully automated test logistics for European tyre development in the future.”
Reporting on its response to the fire that broke out at its plant in Manresa, Spain on Monday, Maxion Wheels shares that the company’s Incident Management Team is on site today to “oversee fire damage restoration.” Depending on circumstances, some production may resume there as soon as next week.
Conflicting reports on the damage to Maxion Wheels’ Manresa plant in Spain are currently circulating. While local news sources suggest that the fire that broke out in the facility on Monday has completely halted production and will affect it for some time, comment from Maxion Wheels challenges the veracity of these reports. The wheel manufacturer intends to issue an official statement on the matter in due course.
Firefighters have extinguished a blaze at the Maxion Wheels light vehicles steel wheel plant in Manresa, Spain. According to local media sources, the fire service received a call to the site at 6:45pm yesterday afternoon. They had brought the fire under control by 8:30pm. While there are no reported injuries, four pieces of plant machinery are apparently affected. The factory building’s roof has also sustained some damage.
After commencing tests of its tyres in Europe last year, Prinx Chengshan returns in 2021 to continue its testing programme. The Chinese tyre maker is utilising a number of sites, including Applus IDIADA in Spain and a facility in Ivalo, Finland, in order to test its winter, all-season and UHP summer tyres.
At the start of 2021 Grupo Andrés, started work on the construction its new headquarters. According to the company the new facilities will result in “a significant improvement in distribution” due to the “robotization of the logistics process and a notable streamlining of work and the flow of orders”.
In November, Recauchutados Muralla SA (Remusa) confirmed its position as the first retreader to buy Vipal retreading machinery in Europe. The company invested in a VOC 760 Extruder, which has already been installed at the retreader’s headquarters, located in Ávila, Spain.
Mercedes’ Lewis Hamilton won in Spain from pole with a two-stop soft-medium-medium tyre strategy in some of the hottest track conditions experienced by Formula 1’s drivers. Pirelli’s head of F1 and car racing, Mario Isola commented that “managing the tyres in these demanding conditions with nearly 50 degrees of track temperatures was a big challenge, especially on the soft tyre.” There were seven different strategies seen in the top eight.
Continental has reported second quarter 2020 consolidated group sales of 6.620 billion euros. This equates to -39.8 per cent drop year-on-year. Pre-tax profits (EBIT) came in at -9.6 per cent of sales (-636 million euros). However, sales in the Rubber Technologies division, which includes tyres, were 2.962 billion euros and the adjusted EBIT margin was 1.2 per cent (around 36 million euros). Thus, Continental’s tyre business has managed to remain profitable despite the obvious pressures of the coronavirus context.
Alejandro Recasens has joined Apollo Vredestein as Cluster Director South-West, responsible for Spain, France, Italy and Portugal. Having had a successful career with Pirelli Tyres spanning two decades, Recasens is now spearheading Apollo Vredestein’s plans for growth in the markets of southwestern Europe.
For the three national markets of France, Italy and Spain, combined new light vehicle sales fell by 55 per cent on last year to 268,000 in May, which compares with a 75 per cent drop in March and a 93 per cent decline in April. This represents a slightly better scenario than had been anticipated, as Calum MacRae, automotive analyst at GlobalData, explains: “After the seized up and locked down markets of March and April, this is a welcome sign of life in markets that were the first in Europe to be engulfed by the COVID-19 outbreak.
Bridgestone EMIA has resumed production at its European manufacturing plants in Bari (Italy) and Lanklaar (Belgium). The Béthune (France) plant will reopen tomorrow, 21 April 2020. This follows the 14 April news that production in all Bridgestone plants located in Spain (Burgos, Bilbao and Puente San Miguel) and Russia (Ulyanovsk) had recommenced. Today’s announcement means that Bridgestone EMIA’s full manufacturing network has restarted production with the exception of its Indian and South African plants, which remain closed for now.
Kenda
Grupo Andres
Vipal
Pirelli
Marcus Prell, Continental AG
Apollo Vredestein