Maxion Wheels, a leading global wheel manufacturer, in partnership with Iochpe Foundation from Brazil and Savitribai Phule Pune University (SPPU), celebrated the inauguration of the company's first Formare programme in Asia today with a ribbon-cutting ceremony held at the brand-new Formare Learning Centre in Pune, India.  

Formare is a well-established academic scholarship programme for underprivileged youth in Brazil and Mexico. It recently celebrated its 35th anniversary, which is a benchmark in Brazil for providing professional training to economically and socially vulnerable young people. With this inauguration, Formare started its first class in India by selecting 26 EWS students for the two-year academic and industry programme that began with SPPU university classes in July and professional training at Kalyani Maxion Wheels’ manufacturing operation in Pune.

In addition to 100 percent tuition fees being reimbursed, they will receive a uniform, transportation, meals and a monthly stipend. After successfully completing the two-year programme, students will receive a Manufacturing Technology academic diploma.

Marcos Oliveira, President and CEO of Iochpe-Maxion and Chairman of the Board, Iochpe Foundation, commented, “The launch of Formare in India is a special moment for our company – a true testament to Iochpe-Maxion’s dedication to transforming lives through education and opportunity. For more than 35 years, we have successfully connected classroom learning with real-world workplace experiences for thousands of students in Brazil and Mexico and excited now to bring this successful programme and social benefits to India.”

“People and culture are at the centre of everything we do, from the wellbeing and inclusion of our employees to the social and environmental needs of those who live in our communities. The primary objective of Formare is to enhance the employability of underprivileged youth, and in this case, for the Pune region. I’m proud of the company and many Formare volunteers who work tirelessly to create a better shared future for us all,” said Pieter Klinkers, CEO of Maxion Wheels.

Sutheep Ratnabhas, President of Maxion Wheels’ Asia business unit, said, “Unlike other educational scholarship programs in the region, Formare is not focused on moulding students into future employees; instead, we want to give participants an opportunity to succeed in the overall job market. Formare provides job readiness and industry acumen, therefore opening doors to a wide range of employment opportunities upon graduation.” 

Highlighting the leadership and pioneering spirit of Maxion Wheels, Claudio Anjos, President of Iochpe Foundation, said, "Our foundation has worked closely with Maxion Wheels for almost 25 years in Brazil and Mexico. By offering opportunities for education and professional training to young people who really need it, Formare has the power to transform lives.”

“We are honoured to partner with Maxion Wheels in realising this programme and to provide the academic education for the Formare students here at Savitribai Phule Pune University,” said Prof Dr Suresh Gosavi, Vice Chancellor, SPPU. “The programme is unique as the comprehensive benefits alleviate any financial concerns and therefore allow the students to focus wholeheartedly on their education and professional development.”

Apollo Tyres Ltd has secured a one-season shirt-sleeve sponsorship agreement with AS Monaco, one of French football's most successful clubs, to increase awareness for its premium Vredestein brand.

This partnership will leverage Ligue 1's ranking as the fifth most watched football league in the world to raise awareness of Vredestein's award-winning products among a large audience in France and abroad. On November 22, AS Monaco's home league game against Brest will have the new sleeve branding for the first time. The Vredestein brand will be heavily promoted at Stade Louis-II for the 2024–2025 season, including on player sleeves and LED screens around the field. Exclusive social media initiatives will further help make the brand prominent, reaching a large and interested audience.

Yves Pouliquen, Vice President – Commercial, Europe, Apollo Tyres, said, “This partnership is an exciting opportunity to strengthen Vredestein’s presence in one of our key markets. AS Monaco’s rich history and commitment to excellence mirror our focus on performance and innovation. We look forward to building a successful relationship with the club and celebrating its achievements this season.”

Thibaut Chatelard, Marketing and Revenue Director, AS Monaco, said: “We are delighted to welcome Apollo Tyres and its Vredestein brand to the family of AS Monaco partners. This collaboration makes sense in view of the values we share, such as the constant pursuit of performance and excellence. There’s no doubt that this new support will be precious for the rest of our season, which promises to be thrilling.”

Nexen Tire, a leading global tyre manufacturer, has launched the Nexen N´Blue S tyre, adding to its range of summer tyres and providing drivers with advanced safety, energy efficiency and superior driving stability in wet and dry conditions.

Developed using highly dispersed silica and equipped with an optimised structural design, the Nexen N´Blue S tyre provides reduced road noise and improved driving stability. The tyre features an innovative tread compound, formulated with hydrophilic fillers and microstructure-controlled polymers, and provides lower rolling resistance and exceptional dry and wet grip. The tyre also excelled in test results by demonstrating an 11 percent improvement in wet braking distance compared to its predecessor.

Apart from providing excellent performance, the Nexen  N´Blue S also scores high on the sustainability index. The tyre provides an eco-friendly solution for environmentally conscious drivers by minimising fuel consumption and CO2 emissions. The Nexen N´Blue S summer tyre is available in 58 sizes, which makes it compatible with different types of vehicles.

Kumho Tire Vietnam Co., Ltd. is all set to expand its investment project in Binh Duong province of Vietnam, with the phase 3 of expansion commencing in early 2025. This was discussed at a recent meeting between Vo Van Minh, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee (PPC), and Kim Hyun Ho, General Director of Kumho Tire Vietnam Co., Ltd.

The meeting was held on 13 November at the Administrative Centre of Binh Duong province, as per an official statement. Apart from the company’s investment till date and the planned investment for phase 3, the two also discussed about the challenges and obstacles regarding procedures and processes to have more land funds to expand the manufacturing plant, along with taking measures to tackle the obstacles. Kim Hyun Ho also conveyed to the PPC Chairman that Kumho Tire Vietnam Co., Ltd. belongs to South Korea's Kumho Tire Group and is currently ranked 10th in the car tyre manufacturing industry.

The company had invested in a tyre manufacturing plant in My Phuoc 3 Industrial Park in 2007 with a total initial investment of USD 308 million, which was supplemented by another USD 300 million in 2021. This extended the factory scale to six hectares and increased the production capacity to 12.5 million tyres annually. With the expansion in early 2025, the company will raise its total investment to USD 908 million and increase the factory's production capacity to 17 million tyres annually. The expanded capacity is expected to be operational by early 2026.

Yokohama-ATG, a leading manufacturer of all-terrain and off-the-road tyres, has expanded its Galaxy MFS 101 SDS range of forklift tyres with the launch of white, non-marking tyres.

The Galaxy MFS 101 SDS range consists of puncture-proof SDS tyres with extended wear limits designed for high-intensity working shifts and long durability. These are premium, solid rubber tyres developed for tough demands, a long service life and high driving comfort. The addition of white, non-marking tyres is specifically aimed at clean working environments.

Marked by a 3-stage construction process, the forklift tyres feature reduced heat build-up, effective shock absorption and minimised vibrations. The pattern design guarantees a smooth ride and good steerability thanks to its continuous centre lug and circumferential grooves. Furthermore, the flat walls and wide flat profile offer excellent stability when using a forklift for vertical stacking. The tyres are also equipped with anti-slip steel beads for improved rim fitment

In a case study on a CAT 2.5-tonne forklift that was used for handling heavy pallets on asphalt, the Galaxy MFS 101 SDS outshone the competitors with impressive performance. The tyre delivered an approximate 900 working hours before replacement against competitors’ 500 working hours.