Corporate bond to finance Environ’s ownership of recycling plants

Scandinavian Enviro Systems (Enviro) is developing a public, international corporate bond to finance the company’s ownership of forthcoming recycling plants for end-of-life vehicle tyres. The work to develop the bond is being carried out in collaboration with the London-based financial adviser, Zenzic Partners.

Read the source article at Tyrepress

AIA Canada Releases New Report for ASPs

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AIA Canada has announced the release of its latest report ‘Under the Hood: How Canadians View Vehicle Maintenance and Repair’, for the benefit of automotive service providers.

The report is available free of charge for AIA Canada members, while non-members may purchase it for $199.

Read the source article at Autosphere.ca

Tireshop.com to make e-commerce debut in October 2019

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Tireshop.com has announced it will be making its e-commerce debut in October 2019. Tireshop.com is a concept and vision created by brothers Jason and Joshua Crook. The two have successfully operated their independent tire shop, Jack Calhoun Tire out of Lithia Springs, Georgia with their mother Sandra Mclarty for over three decades. The entire tireshop.com team have created a vision and business plan to be the #1 go to online tire shopping solution.

Read the source article at Traction News

Continental to close plants in Europe, U.S.

Continental plans a decade-long restructuring plan that will lead to the closure of plants in Europe and the U.S. in an effort to restore profits as vehicle production slows in key markets. The supplier did not say how many jobs would be lost but it estimates that globally 20,000 of its 244,000 positions will be affected by job cuts or job creation and the sale or transfer of parts of the business.

Read the source article at Automotive News Europe

Falken factory-fit for Audi Q3, Toyota Corolla

Brussels – Falken has been approved to supply high performance tires to Audi’s compact SUV, the Q3, the company announced 19 Sept.

The SUV will be fitted with the 215/65R17 99V derivative of Falken’s Ziex ZE914 A EC AO pattern, which is exclusively available for original equipment.

The tire has low rolling resistance and good handling and braking properties “even on wet roads,” said Falken Tyre Europe, an affiliate of Japanese tire maker Sumitomo Rubber Industries (SRI).

Read the source article at European Rubber Journal

TBC Brands Introduces New Agricultural Tire

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TBC Brands has announced the release of a new agricultural tire—the Akuret Implement I-1.

As stated by the company, the tire has been designed as a useful durable option that will aid in accomplishing all necessary tasks.

The tire contains a multi-rib tread design and features a wide footprint that enables it to deliver suitable tracking, steering and floatation. As explained by the company, the tire has been created to decrease tire deflection and offer the necessary rolling resistance.

Read the source article at Autosphere.ca

TGI extends Bahamas relief efforts with free tire offer

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MIAMI — Tire Group International L.L.C. is offering private citizens of Grand Bahama and Abaco Islands free industrial, off-the-road and agricultural tires as part of its effort to help Bahamas residents rebuild from the devastating effects of Hurricane Dorian.

Read the source article at Tire Business

Sumitomo unveils Dunlop Geomax MX53 motorcycle tire

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BUFFALO, N.Y. — Dunlop Motorcycle Tires, a subsidiary of Sumitomo Rubber Industries Ltd., has added the MX53, designed for intermediate-to-hard terrain off-road riding, to its Geomax motorcycle tire portfolio.

Read the source article at Tire Business

Yokohama Launches New 712L Winter Tire

Yokohama Tires has introduced a new long-haul drive tire, the 712L.

According to Yokohama, the new tire meets the performance criteria required by the long-haul transportation sector for severe snow service. Manufactured at Yokohama’s West Point, Mississippi facility, the four available 712L sizes – 295/75R22.5, 11R22.5, 285/75R24.5 and 11R24.5, display the three-peak mountain snowflake symbol on their sidewalls.

Read the source article at Autosphere.ca

Goodyear offering contract buyouts at US tire plant

Akron, Ohio — Goodyear has begun offering voluntary buyouts to certain employees at its Gadsden, Alabama, tire plant as part of the company’s strategy to strengthen its US competitiveness.

Goodyear disclosed the plan in a 8K filing with the Securities and Exchange Commission, stating that the move aimed to curtail the production of tires for less profitable segments of the tire market.

Read the source article at European Rubber Journal