KALUTARA, Sri Lanka — Continental A.G. has acquired full ownership of Sri Lankan solid tire maker Eu-Retec (Pvt) Ltd., buying the 49-percent stake it didn’t own from the company’s managing director.
In honor of breast cancer awareness month, tire manufacturer Titan International (maker of Goodyear Farm Tires) will host the 4th Ride to a Cure event this Saturday at Water Works Park in Des Moines, Iowa
The free, family-friendly event is open to the public with 100% of proceeds going to John Stoddard Cancer Center in central Iowa.
Titan will host a hayrack ride, pumpkin painting and a car show. The Iowa Speedway Official Pace Car will also be on site.
Presenting itself as a global, top-tier truck tire manufacturer, Hankook Tire has started preparations for this year’s 67th IAA Commercial Vehicles show, taking place in Hanover, Germany between September 20th and 27th.
Hankook will be premiering a new tire line-up for mild on- and off-road use. These tires are engineered for ultimate steering, driving, trailer axle. In an outdoor exhibition area, the company will be highlighting further brand activities.
AKRON — The world’s leading tire makers committed more than $7.5 billion in the past year toward new plants and capacity expansions, representing more than 82 million units of new annual car tire and 7.5 million units of new truck/bus tire capacity.
GRI tires will be showcasing their latest specialty Agriculture Tires at the Farm Progress show from August 28 to 30 in Boone, Iowa.
GRI will be showcasing their Radial range of Tractor tires, namely the GREEN XLR 70 and 85 series; the combination of radial technology, tread design, strong carcass and impact ply proves to deliver a longer service life with high resistance against wear and cuts.
Bridgestone is to invest approximately US$182.5m in its factory in Poznań, Poland, which celebrates its 20th anniversary this year.
One of the largest employers in the region, the plant has produced more than 125,161,500 tires to date. If these were distributed to the residents of Poznań, everybody would receive 232 tires apiece.
Tyremakers in India have embarked on aggressive capacity expansion to meet the growing demand from automobile manufacturers and replacement market. They are focusing on expanding their footprint in both domestic and international markets. The projected growth in demand for tyres is expected to be driven largely by Truck and Bus (T&B), PV and scooter segments. Replacement demand for T&B is also expected to grow as the economic activity in the country revives, leading to increased goods movement.
Underlining its position as a leading developer of run-flat tires, Pirelli now has more than 500 homologations for its run-flats. In total, it has secured 516 OE fitment deals – 326 for summer tires, 100 for winter, and 90 for all-season tires. All together Pirelli has more than 2,800 OE contracts with OEMs for its products.
Doublestar Group announced that it has completed an agreement with South Korea’s Korea Development Bank (KDB) to acquire a 45% stake in Kumho Tire for RMB 3.9 billion ($500M). By this, Doublestar becomes Kumho Tire’s controlling shareholder, while KDB and other Kumho creditors will remain the second largest shareholder with a 23% stake.
ZAFCO, the UAE based tire manufacturer and distributor, is marking its entry as an international expert and exhibitor at Tire Cologne 2018. The tire industry event will take place between May 29th to June 1st at the trade town, Koelnmesse, Germany. With the fifth largest exhibition ground in the world and 70,000 square metres of space and modern infrastructure, Koelnmesse aspires to facilitate growth-oriented tires, wheels and car service specialists through the trade fair.