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.

The sale has been finalised after receiving the necessary regulatory approval. The divestiture is part of Goodyear’s plan to cut costs by streamlining its business operations.

Closure is part of broader efficiency drive.

X Multi tyres in sizes 315/70 R 22.5 and 215/80 R 22.5 can now get a second retread, extending its service life and reducing operators’ costs.

After a downturn in wheel demand in Europe, Accuride Wheels Europe & Asia GmbH, a subsidiary of the U.S.-based Accuride Corp, filed for insolvency on February 5, 2025, at the Wuppertal District Court in Germany.

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.

Maxion announced that, upon Neto’s appointment, Ralf Duning, who served ten years as vice president of global engineering, will retire from the company.

The RFID tags are embedded into the sidewalls of its tyres, enabling comprehensive life-cycle monitoring and enhanced traceability.