News from Notch Consulting, Inc.

April 16, 2019

BKT Tires Inaugurates New European Headquarters

Filed under: Tires — Notch @ 10:44 am

Inaugurated on April 5th, BKT’s new European headquarters in Seregno at the outskirts of Milan has been completely renovated to convey the company’s goal of achieving the “Next Level.”

“Creating our new headquarters is more than just an architectural project. For us, it also has an underlying strategic meaning,” explains Lucia Salmaso, CEO of BKT Europe. “We are constantly striving to increase our presence and market share in Europe and, above all, to get closer to our European OEM customers. Our goal is to permanently strengthen the presence of the BKT brand with Original Equipment Manufacturers (OEM), and we know how to achieve it. We have already opened many doors with our Aftermarket references and continue forging ahead with new opportunities. Our new headquarters has a key role in this regard.

The European market has proven to be essential for the company, representing 50% of BKT’s turnover, which surpassed $900 million at a global level last year.

Referenced article found here.

Pyrolyx working to secure 5-year supply deal with Continental

Filed under: Carbon Black — Notch @ 9:20 am

Recovered carbon black producer Pyrolyx A.G. has signed a non-binding letter of intent with Continental A.G. to set up a supply agreement for its recycled product.

The value of the contract, which calls for the supply of up to 15,000 metric tons per year of Pyrolyx’s rCB over five years to Conti, was not disclosed. Conti did not comment independently on Pyrolyx’s news release.

Pyrolyx’s USA CEO, Thomas Redd, said: “This LOI is an extremely positive development for Pyrolyx and validates Pyrolyx’s process and products. Pyrolyx is a world leader in assisting the carbon black industry to decrease its environmental footprint and this agreement, once implemented, will eliminate the need to burn or dump four million scrap tires annually and reduce CO2 emissions by over 32,000 tons annually, as compared to current carbon black manufacturing techniques.”

Read the full press release here.

Munich-based Pyrolyx A.G. is in the process of moving its headquarters to the U.S., into facilities under construction in Terre Haute, Indiana.

Nexen to begin trial production at Czech tire plant

Filed under: Tires — Tags: — Notch @ 8:49 am

Nexen Tire Europe is ready to begin trial production at its $1 billion greenfield tire plant in Zatec in northeastern Czech Republic, pending permission from “appropriate authorities.”

Nexen broke ground on the project in October 2015. Start-up of the first phase of the factory, producing roughly 15,000 units a day, was scheduled for 2018. Nexen plans to increase the plant’s production capacity gradually to over 12 million units a year.

Zatec is Nexen’s second tire plant outside Korea; the other is in Qingdao, China.

Reference article found here.

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