This initiative aims to promote energy-efficient tyre manufacturing, strengthen domestic supply chains, and create employment opportunities, says JK Tyres.

These tyres feature a new tread design which reduces rolling resistance and noise and improves traction, offering robust performance in the most demanding conditions while realising fuel savings, according to Michelin.

This divestment is part of Goodyear's strategic plan to streamline its operations and focus on core business areas. This sale follows Goodyear's recent divestment of its Off-the-Road equipment tyre business to Yokohama Rubber for USD 905 million last year.

The tyre, designed for the regional and long-distance distribution market, boasts a 5-tonne load capacity (per tyre, 10 tonnes per axle) and a reinforced carcass ensuring durability and longevity.

In the CV space, Laufenn supplies tyres designed for regional haul, long-distance transport, and urban delivery operations, with 18 sizes available.

Goodyear do Brasil and ZF do Brazil are to offer combined solutions for fleet and tyre management for passenger cars, commercial and industrial vehicles. This agreement effectively extends the companies’ agreement signed in Europe two years ago.

He will be replaced as CEO of Maxion Wheels by Mark Gerardts, who is currently the business unit president for Europe, the Middle East, and Africa.

Parmeshwaran Iyer is responsible for developing and optimising the company's global supply chain operations in terms of its production and logistical management to drive growth and competitiveness.

Anckaert has held several roles in the company over the past 25 years, including vice president of Commercial Europe, vice president of Consumer Replacement Europe and most recently vice president of the Europe, Middle East and Africa Consumer business.

Hankook's decision to expand its Hungarian plant by 66,000 sqm and add this CV tyre production line was driven by the strategic goal of strengthening its presence in the European market. By producing TBR tyres locally, the company aims to shorten its route to market.

The tyre comes with key performance assurances such as stone protector ledges that help protect the casing from stone penetration. Five rib tread promotes even wear whilst scrub ground compound helps resist tyre wear/abrasion.

Hankook has published its 2024 financials with consolidated global sales of EUR 6,380.7 million, compared to EUR 6,329.5 million in 2023. Operating profit increased by 5.3 percent to EUR 1,194.6 million (2023: EUR 940.1 million) in 2024.