HELSINKI (Reuters) – Finnish tire maker Nokian Tyres expects its new U.S. factory in Tennessee to help it double its sales in North America, especially by expanding its all-season tire sales in the region, the company said on Thursday. The company, which has previously concentrated mostly on winter tire sales in Russia and Europe, said the new facility would allow it to seek growth in the significantly larger all-season tire market in North America.
MILAN — Pirelli C. & S.p.A. is planning to consolidate its operations in Brazil, with one possible plant closure in the offing and the commitment of $136 million in investments over the coming two years.
The “reorganization of production structure” would involve the transfer of motorcycle tire production to Pirelli’s plant in in Campinas, Sao Paulo — which currently manufactures car tires only — from its plant in Gravataí, Rio Grande do Sul, thus creating an industrial hub for car, moto and motorsport tires to serve the Latin American markets.
The move likely would result in the closing of the 43-year-old …
KERALA, India—Indian tire maker Apollo Tyres Ltd. posted double-digit increases in sales and operating profits for the fiscal year ended March 31.
Operating profits and sales both rose 18 percent, to $299.2 million and $2.47 billion, respectively, gains Apollo attributed to a “strong performance” in the commercial vehicle segment, especially truck radials in India, and passenger car tires in Europe.
MILAN, Italy — Prometeon Tyre Group S.r.l., the former Pirelli industrial tire business, has launched a Tier 3 associate truck/bus tire brand as part of the company’s move to a multi-brand approach.
Developed with a special focus on safety, the “Anteo” brand will complement Pirelli as Prometeon’s premium brand, the company said, while an as-yet-unnamed Tier 2 brand is being developed as well for launch later in 2019.
ATLANTA — Combining two legacy brands, such as Goodyear and Bridgestone, into a cohesive joint operation is a challenge that requires collaboration and logistics.
HANOVER, Germany—Despite the fact that Michelin has owned Lehigh Technologies since October 2017, the majority of the other tire manufacturers remain comfortable doing business with the producer of micronized rubber powders, according to a company…
France: Michelin has completed the acquisition of 88% control of Indonesia’s PT Multistrada Ara Sarana Tbk., producer and marketer of the Achilles and Corsa tire brands as well as a number of private brands.
Michelin paid $439 million (€386 million) for the publicly-listed shares, held by an investment group, the company announced 8 March.
The French tire maker is now launching a public offer for the remaining shares in Multistrada, at the same price it is offering the investor group.
Nokia, Finland – Nokian Tyres has received a ‘silver class’ distinction in the RobecoSAM Sustainability Yearbook 2019, the Finnish tire maker announced 14 Feb.
RobecoSAM carries out an annual evaluation of companies’ efforts to minimise the environmental-impact of their products and activities.
Nokian, which last year received a ‘bronze’ rating, is following a sustainability-improvement plan, with several specific targets for 2020.
Goodyear is working with Arizona-based Local Motors to conduct tire testing on its eight-passenger autonomous shuttle, the Olli. All of Local Motors’ Olli vehicles will be equipped with Goodyear tires.
The partnership will enable Goodyear to evaluate advanced tire technologies at various locations, including at the University of Michigan’s Mcity test facility. In particular, engineers will study operation and maintenance considerations.
Michelin has completed its acquisition of Camso under the terms released on July 12, 2018, having obtaining all of the necessary approvals for the transaction. Michelin purchased the solid tire maker for US$1.36bn.
With net sales of US$1bn, Camso has been developing OTR mobility solutions since 1982, including rubber tracks for farm equipment and snowmobiles, solid and bias tires for material handling equipment, as well as track and tire solutions for small heavy equipment.