Hankook & Company Group (previously Hankook Tire Group) signed share purchase agreements (SPA) with Hahn & Company on 31 October to acquire Hanon Systems, a leading manufacturer of automotive components and one of the world’s largest suppliers of vehicle thermal management systems. The transaction was carried out through Hankook Tire & Technology (Hankook Tire). With this acquisition, Hankook & Company Group now owns 54.77 percent of Hanon Systems' shares.

The agreement was finalised 180 days after Hankook & Company Group and Hahn & Company signed a memorandum of understanding (MOU) in May. With this new agreement, both firms want to leverage synergies by combining resources and technology to drive future growth. Both firms want to share their global sales networks and combine supply chain management (SCM) skills such as raw material procurement. They will also integrate their IT infrastructure, business processes and organisational cultures.

In a letter addressing Hankook & Company Group and Hanon Systems employees, Chairman Hyunbum Cho said “The company will leverage all resources, including the holding company, to maximise synergies with Hanon Systems. This acquisition will serve as a pivotal moment for Hanon Systems’ advanced technological capabilities and unique strengths, generating even greater momentum. With the assets of both companies, including personnel and expertise, we will secure the group’s strongest position in the electric-vehicle era.”

The company hopes to complete the acquisition by the end of this year after complying with all the legal formalities. A representative of Hankook & Company Group said, “Chairman Cho’s innovation management and the employees’ proactive capabilities have led to good results. The company will continue communicating with stakeholders to finalise the remaining procedures and position itself as an innovation leader in the future of mobility technology.”

Wabash, a leading supplier of connected solutions for the transportation, logistics and distribution industries, has renewed its strategic agreement with the Goodyear Tire & Rubber Company, one of the world’s largest tyre companies.

The agreement is expected to further strengthens Goodyear’s position as the preferred tyre supplier for Wabash's van, tank and platform trailers, and will also provide Wabash customers with full-service tyre management support.

Richard Mansilla, Vice-President, global supply chain at Wabash, said, “We are excited to continue our long-standing relationship with Goodyear. This agreement strengthens our supply chain with a premium brand, enhances customer support and contributes to the continued growth of the Wabash ecosystem. We look forward to building on our shared commitment to industry innovation and exceptional service.”

For over 15 years, Goodyear has been the equipping Wabash with tyres for its trailer product lines.

Joe Burke, Vice-President of Goodyear’s North America Commercial business, said, “Goodyear's collaboration with Wabash underscores our combined focus to deliver high-quality, innovative products and seamless, end-to-end services to van, tank and platform trailer customers. We are excited to continue advancing solutions that enhance the Wabash customer experience and help ensure they carry their cargo with confidence.”

Continental, one of the leading tyre and automotive technology suppliers, has launched its new fuel-efficient, long haul drive tyre – Conti HDL 3 EP - for the United States Market.

The company stated that the new tyre combines high-structure carbon black and silica technology to deliver a well-balanced mix of rolling resistance and durability. It features a polymer matrix-bound silica compound, which enables up to 10 percent better rolling resistance compared to its predecessor and is SmartWay verified for Class 8 long haul tractor trailers.

Shaun Uys, Head of Continental’s Truck Tyre Replacement Business in the US, said, “The Conti HDL 3 EP was purposefully designed with a fleet’s needs in mind – from being built on 3G Casing for maximum retreadability, to its improved rolling resistance and even wear. This premium long-haul tire was designed to help fleets achieve their lowest overall driving cost.”

The Conti HDL 3 EP comes with groove geometry reduces stone retention, and the tyre offers up to 15 percent improved cut and chip resistance, further extending its lifespan.

It is built on Continental 3G Casing that has a 240-245 mm retread width, and features a state-of-the-art belt package that reduces heat, increases durability, and maximises retreadability. It can also be paired with Continental’s ContiConnect Live digital tyre monitoring system.

The tyre will be available for the replacement market in size 295/75R22.5 in load range G, and additional sizes to be introduced by Q1 2025. 

Bridgestone Corporation (Bridgestone), one of the leading trye manufacturers, is all set to supply the Battlax Hypersport S23 tyres as original equipment for the Kawasaki Ninja 1100SX.

The Battlax Hypersport S23 tyres feature a new pattern design, which the company said balances optimal changes in contact patch stiffness with exceptional water drainage properties for riding on wet surfaces. The tyres provide both enhanced grip and handling stability during straight-line riding and at large lean angles.

The Kawasaki Ninja 1100SX offers riding performance and aggressive styling. It is equipped with the KQS (Kawasaki Quick Shifter), a USB Type-C power socket, and a smartphone connectivity function.

The partners have co-developed the tyres through a long-term co-creation development.

Using racing as a ‘mobile laboratory,’ Bridgestone aims to refine technology in extreme conditions, evolving and connecting the innovation to the development of replacement tyres for the future under the concept ‘From Circuit to Street.’

The tyre maker is banking on motorsports activities to continuously evolve its ‘Dan-Totsu’ products and strengthen its global premium niche strategy in the premium motorcycle tyre business.

Hankook Tire has launched the fourth generation Ventus evo, a sporty ultra-high-performance summer tyre for changeable conditions.

Featuring a new mixture developed using artificial intelligence (AI), the tyre provides excellent wet grip and low rolling resistance. The wide drainage grooves work in tandem with the optimised tyre contact area to facilitate good evacuation of water and reduce the risk of aquaplaning, while the extra-rigid sidewalls and tread blocks provide stability during cornering and shorten the dry braking distance by six percent compared to the third-generation tyre. The innovative mixture, on the other hand, ensures low rolling resistance despite the high grip. This reduces fuel consumption and provides a 32 percent increase in mileage compared to the third-generation tyre.

Klaus Krause, Vice President and Head of Europe Technical Centre, Hankook, said, “With the fourth generation of the Ventus evo, we are setting new standards. We decided early on to leverage AI in the development of tyre mixtures and were able to successfully transform the laboratory results into high-quality industrial processes. Today, we’re seeing the benefits of that effort. With its innovative mixture ratio, the Ventus evo overcomes traditional trade-offs, delivering uncompromising excellence in performance, safety and mileage.”

The new Ventus evo and Ventus evo SUV will be available in stores in 58 sizes by this summer, with plans to expand the offering to 94 sizes – from 17 to 23 inches in widths from 205 to 325 in the 65 to 30 series and with speed indexes from V to (Y) – by the end of next year.