Michelin-Nexen Talks? Yes, No, Maybe - Tire Review Magazine

Michelin-Nexen Talks? Yes, No, Maybe

Chalk it up to two companies agreeing to disagree – maybe.

There are now conflicting reports – even from the same media source – regarding rumors that Groupe Michelin and Nexen Tire Corp. are considering a "cooperative arrangement" of some type. One side claims Michelin has denied that it is in discussion with Nexen, while the other says that Nexen notified the South Korean Stock Exchange it was exploring such a possibility.

The rumors came on the heels of selling its nearly 10% stake in Hankook Tire Co., a stake it had held for some time. Michelin also had a previous business relationship with Nexen.

For its part, Nexen has offered no specifics, other than to reportedly say that it would comment on the rumors sometime this week.

You May Also Like

Trelleborg to demonstrate its Brawler solid tire line at WasteExpo 2024

The Brawler range includes both press-on and mold-on tires for wheel loaders, skid steers, material handlers, excavators and telehandlers.

Trelleborg-tires@WasteExpo-2024

Trelleborg Tires will be at WasteExpo 2024, exhibiting in booth 2273 at the Las Vegas Convention Center May 7-9. Trelleborg said it will demonstrate the benefits of its Brawler solid tire line up at the show.

According to Trelleborg, in the waste and recycling industry, operational challenges are amplified by the demanding environments of waste transfer stations and recycling facilities. The company said these conditions require tire solutions that can withstand severe operational stress to minimize downtime caused by tire changes or failures.

Schaeffler Group USA expands product portfolio

Seventy new parts have been added to the INA, LuK and Schaeffler Bearings.

Schaeffler-70-new-parts
GT Radial achieves double podium finish at Formula Drift Championship

GT Radial driver Simen Olsen of Norway claimed second place, while Aurimas “Odi” Bakchis of Lithuania finished third.

GT-Radial-Formula-Drift
Chapel Hill Tire introduces nine-month leadership program

The company said its program aims to boost productivity through time management and workforce management techniques.

Chapel-Hill-Tire-New-Location-1400
SRNA promotes Wayne Horne to strategic account manager

Horne has been a part of SRNA for nearly eight years and held various roles throughout his tenure, starting in customer service.

SRNA-Wayne-Horne

Other Posts

Yokohama Rubber donates to Eastern Taiwan earthquake relief

Through its Yokohama Magokoro Fund, Yokohama Rubber will donate a combined ¥1 million (approx. $6,380).

donate-stock
Continental acquires mold specialist EMT for commercial and specialty tires

With the acquisition of EMT, Continental said it can independently produce tire molds for all applications if required.

continental_pp_tiremold
TBC Corp. employee children enjoy ‘Take Your Child to Work Day’

The kids had a jam-packed day learning about tires, and even ate lunch with the company’s new CEO, Don Byrd.

TBC-Bring-Kids-to-Work-Day-CEO-1400
Mitas, Trelleborg to increase prices globally

The companies said this decision is a response to significant inflation.