Brussels, 17 September 2020 – The tyre industry welcomes the European Commission’s ambitious goal to reduce greenhouse gas emissions by 55% by 2030. This announcement also affirms Europe’s determination to continue striving for more innovative and sustainable mobility solutions to advance common interests.
The COVID-19 pandemic has had a significant impact on global car and tire demand. Despite this, Nokian Tyres’ short-term priorities are clear: “We will continue to provide our customers and consumers with world-class products and services, while at the same time keeping costs under strict control. We will prioritize cash flow by cutting back investments and actively managing working capital,” says Jukka Moisio, President and CEO of Nokian Tyres. “In this volatile market environment, our focus in the second half of 2020 is tactical. A more thorough review of our longer-term growth strategy will take place once the market has stabilized.”
Highlighting a growing drive within the tire industry toward greater environmental accountability, Nexen Tire has released its first Sustainability Report, outlining the company’s sustainable practices and environmental, social and economic performance in 2019.
Nexen says the report has been published to provide shareholders with consistent and transparent information, highlighting the progress and long-term commitment to its sustainable practices. The report is based on standards of the Global Reporting Initiative (GRI) and the United Nations Sustainable Development Goals (UN SDGs), and has been verified by the Korea Management Registrar (KMR), a third-party assurance institution.
Officially funded by the EU in May 2020, the BlackCycle partners are pleased to announce the launch of the project today. The BlackCycle project involves 13 organisations1 in a unique European public-private partnership that will demonstrate the technical, environmental, and economic viability of world-first circular processes. The consortium will develop specific solutions to produce sustainable raw materials for tyres: ELT collection and feedstock selection, pyrolysis2 optimisation, oil refining and valorisation, furnace process optimisation, and sustainable tyre performance assessment. As early as 5-6 years after the project, close to 1 out of every 2 European ELTs will be incorporated into the only virtuous cycle of this magnitude amongst all industrial sectors for the recovery of end of life products.
Bridgestone Americas announced Taren Rodabaugh has been named Chief Information Officer (CIO) for Bridgestone Americas effective August 31.
She will lead the information technology strategy in support of the company’s ongoing evolution to become a sustainable mobility and advanced solutions company.
As the fall and winter seasons approach, your customers will be coming into your shop to gear up for the weather ahead – and some may need new tires. Luckily, you have options. Maybe you fit them with an all-season depending on where you live, or perhaps their best bet is a designated winter tire. For situations sandwiched between those two, a tire in the all-weather segment could be a better bet.
The launch of the second-line Laufenn brand onto the European commercial vehicle tyre market has rounded out Hankook’s offer to fleet customers. Offering a second tier brand – alongside a growing retreading programme via its Alphatread range – can both allow the manufacturer a more extensive product range to cater to each customer’s entire fleet, and also allow Hankook to capitalise on the growing interest in more value-oriented products.
Ferrari shares his take on the state of the North American tire market and Bridgestone’s sustainable mobility plans. He also discusses the role independent tire dealers will continue to play in the company’s progress, the most significant challenges facing tire manufacturers over the next few years and other topics.
Hanover, September 1, 2020. Continental is expanding the Transformation 2019–2029 structural program it initiated in 2019 with additional measures to cut costs and increase efficiency. … As announced today in Hanover, the goal is to achieve gross annual savings now totaling more than €1 billion from 2023 onwards. The Hanover-based company is thus further increasing its previous savings target, which it has already announced on several occasions, by slightly more than €500 million.
After 100 days as the President and CEO of Nokian Tyres, Jukka Moisio will share his initial observations on Nokian Tyres’ business in the current market situation and the company’s immediate priorities in a conference call, including a Q&A session, on Tuesday, September 8, 2020 at 3:00 p.m. Finnish time.