Giti will be supplying tires for the Pikes Peak hill climb event. The Chinese company has been appointed as tire supplier for defending champion, Nobuhiro Monster Tajima. Giti will supply the tires for the teams’s 1,000 horsepower electric vehicle. The Pikes Peak International Hill Climb is the second oldest motor sports race in America. The
DHL has agreed to a three year contract to manage Hankook Tyres’ UK warehousing operations. The company has taken over responsibility for the receipt, check and stock replenishment for Hankook’s facilities in Daventry, Northamptonshire. Hankook’s market share in the UK has increased over the past few years, leading the company to alter its supply chain management. The
Tire companies are reporting their results. So far Michelin, Goodyear, Yokohama, Toyo, Nokian, Hankook and Nexen have all reported for 2012. Indian companies Apollo, MRF, JK and Ceat also reported for the quarter ended December 2012, but their financial year runs from April to March, so they will not report full-year figures until May. Premium
Goodyear Dunlop Europe is to close one of its two factories in Amiens, France. The move was predicted by Tire Industry Research weeks ago. The news was released to workers at the factory and on the US Securities and Exchange Commission on 31 January, 2013. Goodyear did not make a public announcement of the move,
Michelin has opened the first phase of its new factory in Shenyang, China. The project is huge. Total investment is scheduled to be US$1500 million (1,500,000,000). It will make many kinds of tire, including the cars tires, light truck tires, truck and bus tires. Total capacity will be 12 million units/year. This is projected to
Pirelli and its Russian joint venture partner have officially opened a new tire manufacturing line at the factory in Voronezh. The investment includes a mixing centre. The new line is capable of making the latest Winter tires for use in Russia and the rest of Europe. The factory will begin shipping the tires from March
Cabot Corp is receiving royalties from Michelin. The revenues come from an exclusive licence to Michelin for Cabot’s liquid mixing technology. Cabot sells the technology into the non-tire sector as Transfinity. Cabot’s main product is carbon black. The licence covers all tire-related applications for the technology. The licence permits Michelin to build and operate factories
In 2012, a total of 125,825 new commercial vehicles were registered in the EU*, down by 12.4%compared with 2011. The UK (-5.7%) and Germany (-7.0%) declined a bit. The French market shrank by 10.3%. The Spanish (-25.9%) and Italian (-31.7%) faced a more severe downturn. In the month of December, new commercial vehicle registrations continued
Continental Tire the Americas, LLC (CTA) is to invest $129 million in its Mt. Vernon, Illinois tire facility. The move will create more than 100 new full-time jobs over the next three years. The biggest spend is on a $95 million expansion of the Commercial Vehicle Tire (CVT) production area. This will enable the Mt
Two industry leaders are to produce a sustainable source of natural rubber in Europe. The natural rubber will be sourced from the guayule (Parthenium argentatum) shrub. The shrub will be grown at an undisclosed location in southern Europe. The two partners in the project are Versalis and Yulex Corp. Versalis makes synthetic rubber. It is a
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