Business News

This news section will allow you to find out about takeovers, mergers and other market news within the Malaysian tyre industry.

The Supervisory Board of Continental AG appointed Nikolai Setzer, as new Executive Board chairman until March 2024, effective December 1, 2020. He succeeds Dr. Elmar Degenhart, who is stepping down from his position for health reasons, with the consent of the Supervisory Board, effective November 30, 2020.  

 

Valebridge Media Services (VMS), the Crewe, UK and Madrid, Spain-based media services agency, has announced the shortlist of nominees for the inaugural Recircle Awards 2021, the recently launched awards event recognising sustainable innovation, production processes, management and services within the tyre retreading and recycling industries. 

 

The Hankook Technodome, tyre maker’s state-of-the-art research and development centre has been honoured as one of the most exemplary laboratories in the field of safety management. The Ministry of Science and Information and Communication Technology (ICT) in Korea only awards this title to laboratories that have been assessed by renowned experts under strict scientific criteria. Hankook is the first tyre maker receiving this certificate in Korea. 

The vehicle sales volume for October 2020 was 0.4 per cent higher than September 2020.

Hankook is again featured in the world-renowned Dow Jones Sustainability Index World. The DJSI World recognises Hankook’s sustainability management commitment, especially in the areas of Social Contribution and Supply Chain Management. Hankook has been included in the DJSI World since 2016, and is the only Asian company in the automotive supply industry to have been recognised in 2020. 

Nokian Tyres has been included in the Dow Jones’ DJSI World sustainability index for the fourth consecutive year. The company was also selected for the more strictly defined DJSI Europe index.   

Hankook reveals a futuristic mobility concept with its “Design Innovation 2020” project, presenting a two-wheeled mobility device called “HPS-Cell”. The HPS-Cell serves as an autonomous driving platform, which can be connected to various passenger cabins or cargo spaces, called pods. To bring the scenario to life, concept films and prototypes have been produced and are available to view on the official Hankook Tire YouTube page. 

On 10th December 2020, within a virtual arena, members of automotive aftermarket companies and international experts will discuss key topics such as mobility, new technologies, eco-sustainability of the sector and post-pandemic scenarios.  

 

As the sole importer and distributor of Roadone tyres in Malaysia, Kitar Teliti Sdn Bhd is all set to grow the brand for the local market.

The digital version of Issue 2020/5 of The Tyreman, Malaysia's specialist B2B magazine for the tyre industry, is now available for viewing and download.

Make sure you don't miss a single issue

Click here to subscribe and we'll make sure of it.