Photo Credit: Egypt Torday

Shandong Linglong Tire has submitted a proposal to the Egyptian government to develop an integrated automotive tyre manufacturing complex in Egypt with planned investments of about USD 2 Billion, according to a media report.

The project, as per Egypt Torday, would be developed under the private free zone system in partnership with Fit & Fix and focus on producing tyres for passenger vehicles and heavy-duty trucks.

Mohamed Farid, Egypt’s Minister Of Investment And Foreign Trade, held discussions with company representatives regarding the proposed development, which is planned for Borg El Arab across an area of up to 3m square metres, added the report.

According to the proposal, the project would also include supporting industries such as rubber and carbon black production. About 90 per cent of output is expected to be exported, primarily to the US and Gulf markets.

Farid said attracting investments that support technology transfer and strengthen domestic manufacturing capabilities remained a priority for the Egyptian government. He added that expanding industrial capacity in sectors such as automotive components and tire manufacturing was important for increasing the value of Egyptian exports.

The minister said the free zone system was designed to simplify investment procedures and strengthen Egypt’s competitiveness in attracting foreign direct investment for industrial projects. He added that the private free zone framework offered incentives and operational flexibility to support exports and access to global markets.

The company said total investments were expected to reach USD 2 billion across different phases of development, subject to regulatory approvals and licensing requirements.

Sophie Li said Egypt’s geographic position and trade agreements made it an attractive regional manufacturing and export hub.

She added that the company planned to establish a fully integrated industrial complex using advanced production technologies in partnership with Nile Trade and Projects Company, with a focus on technology transfer and local industrial development.

Li said the company would continue working with Egyptian authorities to complete approvals and move the project towards implementation.

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Yokohama ATG-owned Galaxy, a brand of tyres for construction, earthmoving and material handling, has entered the UTV and ATV segment with Hulk PSX and Everest PSX.

The company stated that the tyres are for use in the off-road segment and in utility applications, providing durability, life and traction across terrains. They are engineered to provide puncture resistance, stability and comfort for utility and recreational operations.

The Hulk PSX is for use off-road across terrains. It features a compound for tyre life and sidewalls for cut resistance. Radial construction is for performance, while shoulder blocks assist cornering and handling. It includes a tread design for traction and a tread-to-void ratio for wear resistance and stability. The model fits 12-inch and 14-inch rims to cater to UTV configurations.

On the other hand, the Everest PSX is suitable for utility applications, providing performance, durability and comfort. It offers resistance to cuts, chips and abrasions. Pattern continuity is for roadability and vibration reduction. The tyre provides traction and stability, including wet surface grip. It includes rim protection and puncture resistance for operations. The model is offered for 12-inch, 14-inch and 15-inch rims for UTV applications.

Dyutiman Chatterjee, Chief Technology Officer, Yokohama-ATG, said, “Building on its 100+ years legacy, Galaxy’s entry into the UTV/ATV category is a strategic step in strengthening its presence globally. These tyres are designed to meet the evolving needs of customers seeking performance, reliability and durability in extreme conditions.” 

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Michelin has completed the acquisition of Flexitallic, expanding the French group’s industrial sealing activities as it seeks growth in higher value-added markets under its “Michelin in Motion 2030” strategy.

Houston-based Flexitallic, founded in 1912, manufactures engineered sealing solutions used in industries including energy and chemicals, where equipment operates under extreme conditions and safety standards are stringent. The company operates 17 manufacturing facilities globally and produces seals, gaskets, sheet products and specialty filler materials.

Michelin said the acquisition would broaden its sealing solutions portfolio and strengthen its access to the aftermarket. The transaction also combines Flexitallic’s expertise in engineered sealing technologies with Michelin’s global industrial network.

Flexitallic employs about 1,200 people and generated sales of about $220m in 2025.

The companies said the deal would support demand from both traditional industrial sectors and emerging energy markets, where sealing technologies are required to ensure operational reliability and safety.

Flexitallic provides what it describes as “Total Joint Integrity” services, combining sealing products with onsite technical support aimed at improving long-term operational performance. Its specialist services division, Integra Technologies, offers onsite inspection, maintenance and compliance support across industrial assets.

Michelin said the acquisition reflected its strategy of using its industrial and materials expertise to expand beyond tyres into adjacent engineering and high-technology businesses.

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TBC Corporation, one of North America’s largest marketers of automotive replacement tyres through wholesale and franchise operations, has elevated Rachel Tibor to the role of Chief Marketing Officer for its wholesale division. She now joins the company’s executive team and will oversee the insight-driven go-to-market strategy, reporting directly to President and CEO Don Byrd.

Tibor originally joined TBC in 2023 as Group Vice President of Wholesale Marketing, where she was responsible for developing the wholesale strategy, including marketing leadership, brand positioning and customer engagement. Her career spans more than two decades, with prior leadership roles in marketing and brand strategy at Office Depot and Procter & Gamble.

She holds a bachelor’s degree from Carnegie Mellon University. The promotion reinforces TBC’s focus on data-led marketing as it continues to expand its wholesale and franchise tyre operations across North America.

Byrd said, “Rachel has created deep alignment across multiple disciplines and provided data-driven approaches that deliver a best-in-class customer experience. As Chief Marketing Officer, Rachel will continue to provide rigor and focused strategies that will drive TBC forward.”

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Continental has announced a leadership transition at its supervisory board level, with Sabrina Soussan, 56, elected as the new chair. The unanimous decision took place during the board’s constituent meeting, held immediately after the company’s Annual Shareholders’ Meeting. Soussan, who had just been elected as a shareholder representative, succeeds Wolfgang Reitzle, who departed as planned following more than 16 years of service on the board.

A German-French top executive, Soussan brings over 25 years of automotive and transport sector experience to Continental, positioning her to guide the firm’s strategic realignment. Her career includes serving as CEO of Siemens Mobility and, most recently, as CEO and chair of France’s SUEZ Group. She previously held senior roles at Continental itself and was appointed to the supervisory board by a local court in September 2025. Soussan also serves on Henkel’s Shareholders’ Committee and is standing for election to Stadler Rail’s board of directors.

At the same constituent meeting, the supervisory board extended the executive board appointment of Chief Executive Officer Christian Kötz by three years, securing his tenure until March 2030. The early renewal reflects strong confidence in his leadership, particularly his success in strengthening Continental’s tyre business amid challenging market conditions and his role in reshaping the company as a focused tire manufacturer.

Kötz, who has been with Continental’s tyre division since 1996, joined the executive board in 2019 and has led key areas including passenger-tyre replacement and commercial-vehicle tyre units, as well as global research and development for passenger-car tyres. He has served as Continental’s chief executive since 1 January 2026.

Soussan said, “Being elected as chair of the Supervisory Board fills me with joy and respect. I would like to thank the shareholders and the Supervisory Board for placing their trust in me. Continental is strongly positioned as a focused tyre manufacturer. I look forward to paving the way for a successful future together with the Supervisory Board and Executive Board.”

Kötz said, “I would like to thank the Supervisory Board for placing its trust in me. We have proven in recent years that we have the right ingredients for success: top technology in our products, state-of-the-art manufacturing, efficient distribution and a strong brand, supported by a strong team. We will continue to drive forward our success strategy and make Continental even more resilient.”

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