Tyre industry intelligence, market reporting, and editorial analysis — curated for Southern African professionals.
Goodyear has announced a US$36m investment to increase off-the-road tyre production and fund process improvements at its manufacturing plant in Colmar-Berg, Luxembourg. David Anckaert, VP of Goodyear commercial Europe, said, “The demand for premium OTR tyres continues to grow worldwide thanks to the expansion of mining and construction operations, as well as developments in the […]
The Bridgestone Group has seen “steady progress” in implementing its Global Sustainable Procurement Policy, which aims to ensure alignment with the company’s use of “100 percent sustainable materials” by 2050 and beyond. Through a 2018 partnership with EcoVadis, a provider of sustainability, risk and performance ratings for global supply chains, Bridgestone is assessing suppliers’ current sustainability practices, as […]
Netherlands based Magna Tyres Group have posted a 48 per cent increase in turnover during the first Quarter of 2019 compared to the same period last year which further underlines the company’s strong growth momentum this year. Magna confirm they have sold 17,500 earthmover tyres during this first trading period in 2019 and confidentially expects […]
– First quarter revenue per tire up 4%, excluding foreign exchange – U.S. consumer replacement tire shipments increase 6% – Modernization of Hanau and Fulda plants will increase cost-effective supply of premium tires – Goodyear extends maturity and increases liquidity in €800 million European revolving credit facility refinancing AKRON, Ohio, April 26, 2019 – The Goodyear […]
Successor to popular and acclaimed Eagle F1 Asymmetric 3 range Innovative technologies unlock significant improvements in wet braking and dry handling without compromising ride comfort or road noise Caters to growing Ultra High Performance (UHP) market, with 34 SKUs arriving between Q1 2019 and Q1 2020with fitments from Volkswagen Golf to Porsche 911 Goodyear has […]
USTR’s announcement is in response to President Trump’s tweet May 5 pledging to increase tariffs due to lack of progress in discussions with China. Chinese Vice Premier Liu is expected to arrive in Washington on Thursday to continue trade negotiations. The notice states that an exclusion process will be established for interested parties to file for products […]
Moody’s Investors Service downgraded the ratings of The Goodyear Tire & Rubber Company including the corporate family and probability of default ratings to Ba3 from Ba2, and Ba3-PD from Ba2-PD, respectively. In a related action, Moody’s downgraded Goodyear’s senior secured second-lien term loan, to Ba1 from Baa3; senior unsecured guaranteed notes to B1 from Ba3, senior unsecured […]
Researchers at the Fraunhofer Institute for Applied Polymer Research in Germany claims to have developed synthetic rubber that has superior character to natural rubber. “Our synthetic rubber BISYKA – that’s a German abbreviation for “biomimetic synthetic rubber” – actually has superior characteristics to natural rubber,” says Dr. Ulrich Wendler, who heads the project at the […]
China Sunsine Chemical Holdings Ltd. wholly-owned subsidiary, Shandong Sunsine Chemical Co. has announced expansion in the Southwest of Shandong Province. The company acquired approximately 534,000 m2 of land in Shandong Shanxian Chemical Zone in Shanxian County in the Shandong Province in early March. Shandong Sunsine is expanding its capacities in Rubber Chemical products and investing […]
BestDrive is one of the fastest-growing tyre fitment centre networks in the region 149 BestDrive dealers across Southern Africa, located in South Africa, Namibia, Botswana, Swaziland, Zimbabwe and Mauritius Exclusive ContiSure Warranty available from BestDrive on all Continental-branded passenger car and 4×4 tyres Ongoing skills development and training, including specialised ContiAcademy at the flagship store […]
In an effort to drive sustainable township entrepreneurship, Sumitomo Rubber South Africa (Pty) Ltd (SRSA) manufacturer of the iconic Dunlop, Sumitomo and Falken Tyre brands has partnered with the KZN Economic Development, Tourism and Environmental Affairs (KZN EDTEA) and iThala Development Finance Corporation in KwaZulu-Natal. The partnership will see a minimum of 25 containerised tyre […]