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Marangoni Signs MoU With GRP To Acquire Its Share In Joint Venture Company
December 17, 2021
Marangoni Group, a leading tyre-retreading machinery manufacturer, has signed an MoU with GRP, a leading material manufacturing company, to acquire its shares in the 50:50 share joint venture company, Marangoni GRP, in India. The Marangoni GRP joint vent
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Continental Tires Celebrates 150th Anniversary
December 17, 2021
Continental Tires recently celebrated its 150th anniversary across the globe. In India, the tyre manufacturer celebrated the occasion with its retail partners at its Conti Premium Drive (CPD) stores. The company, launched in 1871, has come up with vari
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Continental Invests In Software Specialist Apex.AI
December 16, 2021
Continental has announced that the company has acquired a minority stake in German-US software specialist Apex.AI to bring a new automotive operating system to the road. The two companies have been cooperating since 2020 on the industrialisation of an in
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Toyo Tires Announces Price Hike
December 16, 2021
Toyo Tire U.S.A. Corp. (Toyo Tires) has announced an increase in dealer base prices on the passenger car, light truck and commercial truck tyre patterns by up to 10 percent. The price change will be effective from 1 February 2022.The company confirms that
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Yokohama Rubber To Establish Joint Venture Tyre Sales Company In Malaysia
December 16, 2021
Yokohama Rubber has announced that it will be establishing the joint venture, Yokohama Tyre Sales Malaysia, along with YHI International Limited (YHI), the exclusive distributor of Yokohama tyres in Southeast Asia and its subsidiary YHI (Malaysia) Sdn Bhd
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Brisa Acquires Arvento Mobile Systems
December 15, 2021
Brisa, a leader in the Turkish tyre industry, has acquired 88.89 percent capital shares of Arvento Mobile Systems (Arvento) for USD 19.84 million in line with the strategic visions of its shareholders Bridgestone and Sabancı Holding. Through this acqui
