Michelin presented SUN Mobility and Tarmac Technologies with its International Mobility awards to recognise up-and-coming businesses in the connected mobility sector.

The awards were given out as part of the Blue Ocean Awards. Both SUN Mobility and Tarmac Technologies have been recognised as businesses that can help make mobility safer, greener and cheaper.

SUN Mobility has been working to provide energy infrastructure solutions for electric fleets in 14 Indian cities. The company offers battery swapping solutions through smart batteries and interchange stations. SUN Mobility helps solve the hurdle of accessing electric mobility by making it cheaper to own and operate.

Tarmac Technologies is responsible for offering 100 percent digital solution to airlines and airports, helping them track and optimise aircraft ground handling operations during stopovers. The company has been active in Europe and the US, helping airlines, airports and cargo handling companies iron out problems and reduce flight delays.

Talking about winning the award, Chetan Maini, CEO, SUN Mobility, said, “It is an honour for us to receive the Michelin International Mobility Award as part of the Blue Ocean Awards. At SUN Mobility, we are driven by innovation and a relentless passion to build safe and affordable energy solutions for electric mobility. We look forward to exploring collaboration opportunities with Michelin to accelerate sustainable mobility services at a global scale.”

Anthoine Dusselier, Co-Founder, Tarmac Technologies, said, “We are honoured to receive this prestigious award in recognition of our efforts to optimise and transform air transportation operations. We look forward to the opportunity of working with Michelin, the world leader in mobility, to continue transforming and reinventing air transportation. Lastly, we would like to thank the organisers and judging panel of this international competition who have made it an enriching experience and enabled us to fine tune our strategic approach.” (TT)

LANXESS, a specialty chemicals company, has successfully placed a six-year-tenor euro benchmark bond with a coupon of 0.0 percent in the European capital market.
The company, with about 14,800 employees in 33 countries, will use the funds to finance the planned acquisition of IFF, a US-based chemical company involved in microbial control.

The new bond is listed on the Luxembourg Stock Exchange in denominations of EUR 1,000.

Michael Pontzen, CFO, LANXESS, said, “We have secured the first step of financing already quickly after the announcement of the acquisition of IFF Microbial Control and are happy about the very receptive reaction of the capital market to our offering.” (TT)

Goodyear has launched its new RT-3B bead-to-bead tread in US and Canada in sizes 20.5R25 and 23.5R25 for off-the-road (OTR) tyres.

The new retread provides all-around performance for loaders and graders. Joining the existing lineup of premium off-the-road Goodyear tyres, the retread provides up to 60 percent savings compared to a new tyre.

Used extensively in gruelling OTR applications, retreading helps extend the life of tyres while delivering high traction and minimal tread wear. Additionally, retreading promotes sustainability by reducing unnecessary waste.

The new Goodyear RT-3B is cured in a mould and press method to generate low heat through long hours of usage via its 115-level tread depth. Strongly cut-resistant in nature, the centerline lugs and open shoulder provides optimal traction.

Loic Ravasio, General Manager, Global and Americas OTR, Goodyear, said, “We are always focused on delivering high value and low cost of ownership to our OTR customers. The RT-3B is a substantial addition to our retread portfolio providing another great option for operators to help drive efficiency, reduce costs and protect the environment.” (TT)

Anshuman Singhania, Dy. Managing Director of JK Tyre, has been appointed managing director of the company, effective October 21,2020.

Anshuman Singhania joined the Company as an Executive and over the years has been deeply involved in various activities of the Company in different positions, said the company.

Singhania is also Vice Chairman of ATMA

He is a graduate from Oxford Brookes University, UK and an alumnus of London Business School. As a young leader, he started his career from the shop floor as an apprentice and has held several positions in Planning, Production, Product Development, Quality Control, Stores & Purchase, Finance as well as Sales & Marketing. Being a techno-savvy person, he has played a key role in implementing the latest technologies in the manufacturing process at JK Tyre.

Yokohama Off-Highway Tires recently held the groundbreaking and foundation stone unveiling ceremony of its new plant at Atchutapuram, Visakhapatnam - Andhra Pradesh, India.

In the online event, Masataka Yamaishi , President & Chairman of the Board, Yokohama Rubber Co., Ltd broke the ground to commence construction work.

Yamaishi San unveiled the Foundation Stone virtually in the presence of Atao Kishi San: Chairman - ATC Tires Pvt. Ltd. and Managing Officer - The Yokohama Rubber Co., Ltd., Nitin Mantri – CEO and Anil Gupta – COO and the leadership team at Yokohama Off-Highway Tires.

The new plant will have a daily production capacity of 55 tons (rubber weight), with planned capital investment totalling US$165 million. The plant, which will be the company’s third plant in India, will manufacture its three brands ALLIANCE, GALAXY and PRIMEX brand tyres.

 Yokohama Off-Highway Tires currently has two tyre plants in India—the Dahej Plant in Gujarat and the Tirunelveli Plant in Tamil Nadu.