1. Articles in category: Executive News

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    1. Michelin planning to convert German tire plant to 'cleantech' park

      HALLSTADT, Germany — Group Michelin plans to 'revitalize' the site of its tire plant in Hallstadt — due to close by early 2021 — by turning it into a 'clean-tech' light industry development center. Michelin disclosed in September 2019 it would shut the 49-year-old Hallstadt site by early 2021.

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    2. Pirelli Among Signatories of CFO Principles for Integrated SDG Investments and Finance Launched by The UN Global Compact CFO Taskforce

      UNITED NATIONS, New York, 21 September 2020 — The UN Global Compact CFO Taskforce today launched the first integrated, UN-backed principles for integrated SDG Finance and Investment. The principles seek to guide companies in aligning their sustainability commitments with credible corporate finance strategies to create real-world impact on the Sustainable Development Goals (SDGs).

      Released on the sidelines of the historic 75th session of the UN General Assembly, 34 Chief Financial Officers and C-suite Executives – members of the UN Global Compact’s CFO Taskforce – pin pointed four key areas that are relatively underserved but critical for SDG-aligned investments: SDG impact and measurement, integrated SDG strategies and investments, integrated corporate SDG Finance and integrated SDG communication and reporting.

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    3. HEXPOL Launch Wire & Cable Compounds Portfolio

      International Polymer Compounding Group HEXPOL has brought together their expertise in various product areas and technologies to launch a comprehensive portfolio of wire and cable compounds. Based on high performance materials such as VMQ, advanced rubber technologies, additives and Thermoplastic Elastomers (TPE).

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    4. France to discuss alternative scenarios for Bridgestone plant | Reuters

      PARIS (Reuters) - The French government plans to discuss in two or three weeks time with all involved parties alternative scenarios for a French plant that tyre maker Bridgestone is considering closing, Junior Economy Minister Agnes Pannier-Runacher said on Monday. The French government is looking into options to try to save jobs and prevent the closure of the Bethune tyre plant in northern France that Japan's Bridgestone 5108.T plans to shut.

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    5. The European tyre industry will contribute to achieve the new EU climate goals

      The European tyre industry will contribute to achieve the new EU climate goals

      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.

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    6. Nexen Tire publishes first Sustainability Report

      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.

       

       
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    7. Michelin and BlackCycle: A major European project for recycling end-of-life tires into new tires

      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.

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    8. Nokian Tyres Ceo’s 100-Day Update

      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.”

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    9. Laufenn launch makes Hankook more holistic commercial tyre supplier

      Laufenn launch makes Hankook more holistic commercial tyre supplier

      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.

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      Mentions: europe truck supplier
    10. Bridgestone's Ferrari Talks Tire Demand, Future Mobility and More

      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.

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    11. Nokian Tyres plc: Invitation to a Q&A conference call with CEO Jukka Moisio

      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.  

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    12. Continental to Expand Structural Program and Save More than One Billion Euros Per Year

      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. 

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    13. Tire Review Podcast: Hankook’s New All-Weather Tire & COVID-19 Effects

      Tire Review Podcast: Hankook’s New All-Weather Tire & COVID-19 Effects

      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.

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    14. Robert Mercer, Goodyear CEO during Goldsmith raid, dies at 96

      Robert Mercer, Goodyear CEO during Goldsmith raid, dies at 96

      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.

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    15. TRAC Appoints Carol Hochu as President & CEO-Elect

      TRAC Appoints Carol Hochu as President & CEO-Elect

      Cambridge, ON, Aug. 27, 2020 - The Tire and Rubber Association of Canada is pleased to announce the appointment of Carol Hochu as incoming President & CEO.

      Ms. Hochu brings a lifetime of experience and successful track record of leading Canadian associations and non-profit organizations. Most recently, she led the Canadian Plastics Industry Association as President and CEO for nearly a decade, and prior to that she served as Executive Director of the Ontario Electronic Stewardship. As an accomplished association executive, in all her past roles Ms. Hochu served as a passionate industry advocate who successfully raised industry profiles and advanced important industry issues with key stakeholders, influencers, and government; and she expertly navigates all aspects of association management, including government, member and public relations.

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    16. TireHub Names Auto Industry Vet as New VP of Sales

      TireHub has named Ted Becker as the company’s new vice president of sales. In this role, Becker will oversee all aspects of TireHub’s selling and transfer business.

      “We are proud to add Ted to our leadership team. With more than 20 years of experience, he brings a wealth of tire industry knowledge and understanding to TireHub,” said Peter Gibbons, CEO of TireHub. “His passion for people and desire to go the extra mile exemplify the Hubber commitment to saying ‘yes’ to the needs of our customers. Ted is a strong leader, and we look forward to working with him to grow our company.”

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      Mentions: sales Management
    17. Groundbreaking Held for Cooper Tire's New Distribution Center

      FINDLAY, Ohio, Aug. 18, 2020 – Earlier today, a groundbreaking ceremony was held at the site of a new 1-million-square-foot regional distribution center that will be opened by Cooper Tire in Whiteland, Ind. The facility, which will replace Cooper’s Franklin, Ind. distribution center located just minutes from the new site, is expected to open in early 2021.

       

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    18. Introducing First Brands Group, Formerly TRICO Group

      The renowned and established automotive replacement parts manufacturer, TRICO Group, has announced its new name: First Brands Group, along with the addition of two new brands to its growing portfolio. It is fitting that as the organisation adopts its new identity, which reflects its position as a multi-brand global player, the First Brands Group is […]

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    19. Smithers identifies 20 disruptive tire technologies

      A new report from Smithers, the multinational provider of testing, consulting, information, and compliance services, has identified the top 20 technologies that will transform the global tire industry across the next two decades. The trends identified range from new materials to smart driving concepts.

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