Michelin has announced the launch of a new employee share ownership plan giving Michelin group employees the opportunity to subscribe to a rights issue reserved for them under preferential terms. The subscription period for the share offering will run from Sept. 16 to Oct. 1, 2020.
A recently released survey conducted by eTracks Tire Management Systems — a company that works on behalf of tire producers to meet their regulatory obligations of recycling tires — is looking to dispel the myths and misinformation about the tire recycling industry, and with good cause: the survey revealed that only one third (37 percent) of Ontarians know that, in Ontario, tires are recycled.
Given the challenging long-term evolution of the industry in the European passenger tyre market, Bridgestone has to consider structural measures to ensure the reduction of its production overcapacity and improve its cost efficiency.
After carefully studying all the potential options, the company announced during an Extraordinary Works Council today it intends to stop all activity at the Bethune plant, as it is the only viable path to safeguard the competitiveness of Bridgestone’s operations in Europe.
The European Tyre and Rubber Manufacturers’ Association (ETRMA) has welcomed the publication of the European Union’s 2020 Communication on Critical Raw Materials, which retains natural rubber (NR) in its list of critical raw materials. NR is the only biotic material to be included on the list, and was included in 2017.
According to the organization, the tire industry alone absorbs about 76% of all the natural rubber produced globally. Today, there is no substitute for natural rubber from hevea trees that could be used in all current applications. ETRMA states inclusion in the critical raw materials list reconfirms NR’s priority status in EU policy, and the importance of securing fair and sustainable supply of natural rubber for European industry. It also provides further support for ongoing industry research into alternative sources of natural rubber.
MANCHESTER, England, Sept. 16, 2020 /PRNewswire/ — Announcement marks the start of a third term for the partnership which began in 2015 Nexen Tire is the official sleeve partner for the men’s and women’s teams across all competitions, as well as the men’s training kit and Manchester City…
Goodyear has signed a five-year partnership with Bretts Transport. As part of this deal, Bretts Transport will be supplied with premium tyres from Goodyear Fuelmax Gen-2 range and be supported by TruckForce under the Goodyear Total Mobility offering.
The post Goodyear signs five-year fleet tyre deal with Bretts Transport appeared first on Tyrepress.
Dunlop’s new all-season tyre will be called the Sport All Season. The Goodyear brand revealed details for the forthcoming tyre for the European market on its German website. It would be the first all-season model released under the Dunlop brand for many years, with no predecessor currently in the range to replace.
Pirelli motorsport boss Mario Isola welcomes the FIA’s move to reduce downforce levels on the F1 cars further for 2021. A combination of the teams rejecting the proposed 2020 Pirelli compounds and delaying of the new rules until 2022 means that in 2021, Pirelli will have to supply the same tyres for the third season in a row.
Trelleborg Wheel Systems implements new environmental measures at its China facilities linked to the country’s “three-year action plan for Blue Sky protection” to reduce air pollution, as per the 2016 Paris Agreement within the United Nations Framework Convention on Climate Change.
Paolo Pompei, President of Trelleborg Wheel Systems, says: “With sustainability in mind, Trelleborg is continuously investing in its state-of-the-art facilities in China, which have been set up in synergy with the environment and people.
German chemical company BASF is providing its customers with carbon footprint information about all its products in a move to providing greater transparency and allowing customers to lower their CO2 emissions.