SEOUL, South Korea, July 19, 2017 /PRNewswire/ — Nexen Tire, a leading global tire manufacturer and Mubadala Investment Company (Mubadala), the Abu Dhabi strategic investment fund, today signed a Memorandum of Understanding to explore strategic partnership opportunities. Mubadala has made a direct investment into Nexen as part of the agreement.
Nexen Tire is one of the fastest growing companies in the automotive industry, with a compounded annual growth rate of 15% over the past ten years. The company sells 40 million tires to more than 140 countries annually, with more than 4 million tires sold throughout the Middle East.
Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO of Mubadala, and Travis Kang, CEO of Nexen Tire, signed the MOU in Abu Dhabi on July 19th.
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Firestone Ag, a subsidiary of Bridgestone Americas, hosted 10 Nuffield International Farming Scholars at the Firestone Ag tire plant in Des Moines, Iowa, to provide a glimpse inside the tire manufacturing process.
The Nuffield International Farming Scholars is a global network of farmers that works to provide insight growth to members through leadership.
Read the source article at Tire Review
Bridgestone was recognized by Volkswagen Group Award for Innovation & Technology.
During the 15th edition of the Volkswagen Group Awards, Bridgestone received an award in the category of Innovation & Technology.
“Bridgestone teams worldwide are honoured by this prestigious award for Innovation & Technology,” said Paolo Ferrari, CEO & President of Bridgestone EMEA.
Read the source article at Autosphere.ca
Heavy-duty trucks that don’t need a driver behind the wheel could be on the road in as little as three years. That’s the assessment of industry experts speaking at the Automated Vehicles Symposium in San Francisco on Wednesday, where they laid out a tentative road map for how self-driving trucks will begin to integrate with the existing fleet.
Read the source article at Trucks.com
Major Indian vehicle manufacturer Mahindra & Mahindra bestowed its ‘Business Partner of the Year’ award upon Apollo Tyres at its recent annual suppliers meeting. The award, the highest recognition given to any supplier for overall outstanding performance during the entire financial year, was accepted by Satish Sharma, Apollo Tyres’ Asia Pacific, Middle East & Africa region president, and Sandeep Mathur, the tyre maker’s head of OEM and Institutional Business.
Read the source article at Tyrepress
The Tire and Rubber Association of Canada, (TRAC) held its biennial Tire & Rubber Summit on June 19 and 20 in King City, Ont. The precursor of the Summit dates back more than 30 years, and its core value remains constant to this day—bring together C-level executives to reveal latest trends, collaborate, and address key issues and developments affecting the global tire industry with the spotlight on Canada.
“Canadian manufacturers and suppliers face profound challenges brought on by global economic and political changes,” says Glenn Maidment, President of the Association. “The NAFTA renegotiation undoubtedly represents the core sign of times of the global challenges facing Canada. But trade agreement between Canada and the E.U., as well as potential agreements within Mercosur in South America, and a pivot toward China cannot be discounted when it comes to their potential profound effect on Canada. We want to create conversation on how such fundamental changes challenge not just how the tire and rubber industry approaches business, but how we approach business in Canada.”
Regarding international trade and NAFTA, McMaster University’s Automotive Policy Research Centre discussed the deep integration of the automotive sector throughout United States, Mexico and Canada, and Royal Bank of Canada provided
Read the source article at cbj.ca
Asia BD price drop… Nike sales… Clariant-Huntsman link-up… Michelin buys wine reviewer… Conti acquires… Eversafe Rubber… SKF sued ?… Firestone leak… UK down… Kumho limbo… Thai NR…
Read the source article at European Rubber Journal
Cologne, Germany – Resistance to change has been identified as a major barrier to the adoption of new automation systems and technologies in tire-manufacture, industry leaders said at the Future Tire Conference, held 27-28 June in Cologne.
Read the source article at European Rubber Journal
The Tire Industry Association (TIA), a leader in tire safety, held its mid-year board of directors meeting on June 21-23 and elected Brian Rigney as its new board secretary, effective Oct. 30.
Rigney is currently the president of Dill Air Controls Products and has 16 years of experience within the tire industry.
Read the source article at Aftermarket News
The Tire and Rubber Association of Canada held its 2017 Tire and Rubber Summit at the Kingbridge Centre in King City, Ontario. The Summits theme was “Navigating the New Normal in International Trade,” and included discussions regarding NAFTA, economic benefits of an integrated automotive industry in North America and other related topics.
The Keynote presentation at the Chair’s Opening Dinner was presented by …
Read the source article at Canadian Automotive Fleet