The Goodyear Tire & Rubber Company released its annual report on corporate responsibility performance. The report summarizes the company’s actions in 2019 that demonstrate Goodyear’s commitment to ethical and sustainable processes, materials and programs that can help people, communities and the environment.
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.
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 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.
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.
Hanover / Berlin, August 27, 2020. For the first time ever, the German Federal Ministry of Economic Cooperation and Development (BMZ) and technology company Continental are making a rubber supply chain seamlessly electronically traceable – from cultivation in Indonesia and further processing through to tire production.
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.
Australian tire recycler Green Distillation Technologies, which has already developed world-first technology that can commercially and economically turn end-of-life tires (ELTs) into high value, oil, carbon and steel, can now take the carbon raw material and turn it into hydrogen.
AKRON — Robert E. Mercer, who spent more than four decades working for Goodyear and is perhaps best known for fending off a hostile takeover attempt in 1986, died Aug. 28 at his home in Akron of natural causes. He was 96.
Mr. Mercer, whose career at Goodyear spanned 42 years — including six as chairman and CEO — arguably will be most remembered for leading the effort over a two-month period of 1986 to pushing back against a hostile takeover attempt by Anglo-French financier Sir James Goldsmith.