On June 8, the Deputy Prime Minister for Economic Affairs met with the officials of China National Tire and Rubber Corporation. China National Tire and Rubber Corporation unveiled a new investment plan worth USD 550 million through Prometeon Tyres Egypt. It includes the construction of a new factory in Amreya, Alexan
Pirelli Tyre S.p.A. (Pirelli) has participated in the ISCC PLUS pilot project aimed at adding recycled steel to the ISCC PLUS materials list, working with Xingda, a supplier of rubber reinforcement materials.
As part of the project, the company helped define technical requirements and sustainability guidelines to sup
On June 3, Sumitomo Rubber Industries, Ltd. and Fujitsu Limited announced that they have jointly developed a technology, an AI surrogate model, to predict tire performance with high accuracy and in a short time using AI, confirming its effectiveness in a recent proof of concept. This technology, developed as part of
On May 28, the Michelin Group announced that it had discussed with employee representatives and representative union organizations a staffing reduction project in France, based solely on a voluntary approach. It is aimed at optimizing a cost structure.
The project can impact 1,500 positions over three years, of which
On May 27, TVS Srichakra approved a capital investment of up to INR 2.2 billion to expand capacity at its manufacturing units in Vellaripatti, Madurai. Of this, INR 1.1 billion is directed at its two-wheeler tire plant, which currently operates at 80-85% utilisation with a capacity of approximately 2.10-2.35 million
On May 28, NEXEN TIRE announced that it is supplying original equipment (OE) tires for the Kia all-new Seltos in North America and Europe. For North America, the N'PRIZ S tire is supplied in a 16-inch fitment in the United States and Canada. It delivers excellent mileage performance and a quiet, comfortable ride.
For
On May 26, JK Tyre and Industries announced that its board of directors has approved phased capacity expansion for Truck and Bus Radial (TBR) and Passenger Car Radial (PCR) tires at its Chennai tire plant and Vikrant tire plant. The expansion will add 24% capacity to the existing TBR and PCR base of 21 million tires
Hankook Tire & Technology Co., Ltd. has announced that it will supply original equipment (OE) tires for the Korean and European sales models of the Audi Q7 and Q9 crossover sports utility vehicles (SUVs). The company will supply Audi with two types of tires: the Ventus S1 evo Z AS X and the Ventus evo SUV. The Ventus
Announced on May 22, 2026, Continental inaugurated the expansion of its tire manufacturing plant in Rayong, Thailand. The project represents an investment of over EUR 300 million (approximately THB 13 billion) and increases annual capacity by 3 million passenger car and light truck tires.
The project also introduces
Michelin has joined forces with Syntetica, a European deeptech startup, to accelerate the industrial development of a breakthrough nylon recycling solution.
Syntetica will install its nylon recycling process at Michelin’s Center for Sustainable Materials (CMD) in Michelin Innovation Park – Cataroux in Clermont-Ferran
Michelin has presented its universal tire digital twin, a software-driven system that converts existing in-vehicle data into real-time actionable recommendations without requiring additional tire-mounted sensors.
The system is designed for software-defined vehicle (SDV) architectures and is compatible with all tire b
On May 12, the Goodyear Rubber and Tire Co. announced that, after almost 60 years, it would be closing its Fayetteville, North Carolina, plant that currently employs more than 1,700 workers by the end of 2027. “This difficult action is necessary to strengthen Goodyear’s ability to compete in today’s marketplace and s
On May 19, Aeolus Tyre Co., Ltd. announced that it will establish its first overseas production base in Egypt with an investment of RMB 2.68 billion. It will join hands with Aeolus Hainan (its wholly owned subsidiary), as well as Prometeon Egypt and China Rubber International, to establish Aeolus Egypt. The construct
In an investor update, Apollo Tyres announced a capital expenditure plan of INR 35 billion for FY2027 (ending March). Of the total, approximately INR 30 billion will be invested in India for truck and car tire capacity expansion, with the remaining ~INR 5 billion going toward Hungary for passenger vehicle tyre capaci
South Korea’s Nexen Tire Co., Ltd. announced that it will start supplying the Roadian GTX as original equipment tires for the Hyundai Staria Electric multi-purpose vehicle (MPV) and the Staria Limousine. The tires are designed to maintain stable driving performance even in high-load, high-torque environments. In addi
South Korea's Hankook Tire & Technology Co., Ltd. will deliver the Laufenn S Fit 2 summer tires in 16-inch and 18-inch sizes for the partially-altered Volkswagen Golf VIII hatchback. This tire provides stable handling and braking capabilities with high grip and drainage performance. In addition, a high-silica compoun
Pirelli Tyre S.p.A. (Pirelli) has developed two bespoke tire fitments for the new BMW iX3, the first model built on BMW’s Neue Klasse EV platform.
The dedicated version of the fifth-generation P Zero focuses on precise handling, while the P Zero E highlights the characteristics of electric drivetrains and features ov
Bridgestone Corporation (Bridgestone) has been chosen as the exclusive tire partner for the new Lamborghini Fenomeno Roadster, with just 15 units planned.
The company has supplied two bespoke Potenza tire fitments designed for road and track use. It has developed Potenza Sport ultra-high-performance tires in sizes 26
On May 11, GHV Infra Projects Limited received a letter of intent (LOI) from Cameroon Tyres Factory Project SA for the proposed execution of engineering, procurement, and construction (EPC) works for a greenfield tire manufacturing plant in Cameroon. The consideration for the project is EUR 630 million. The completio
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