Bridgestone is planning to cut jobs at two factories in northern Spain in response to a negative shift in the European market and the growth of non-European goods.

According to a Reuters report quoting local union UGT, the business intends to lay off 546 workers at two plants in Cantabria and the Basque Country in northern Spain that produce tyres for tractors, other farm vehicles, buses and trucks. The report adds that UGT and other unions have declared their intention to call for a strike at the two facilities, but they have not given any specifics.

The company's local unit, Bridgestone Hispania, employs 2,800 people at the moment, according to UGT. Bridgestone stated that it has to modify its production capacity in light of the current market conditions, which are marked by inflation, uncertainty and regulatory changes, says the report.

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CEAT Specialty Tyres has received a nomination for its SUSTAINMAX-VF tyre in the Environmental Achievement of the Year – Tire Design category at the prestigious Tire Technology International Awards 2026. The nomination marks a significant milestone for the company, highlighting advancements made at the intersection of tyre design, performance and sustainability.

The winners are scheduled to be announced on the opening day of the Tire Technology Expo 2026, held in Hannover, Germany, from 3 to 5 March 2026. The recognition on a global stage underscores the company’s commitment to developing responsible and forward-looking mobility solutions, specifically within the off-highway segment.

The nomination reinforces the company’s dedication to engineering products that align with evolving industry standards. CEAT Specialty Tyres anticipates participating in key discussions shaping the future of tyre technology during the event in Hannover.

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JK Tyre & Industries has expanded its premium agricultural tyre lineup with the introduction of ‘Shresth Plus’, unveiled at the Krishi Darshan Expo 2026 in Hisar. The launch was officiated by Rajya Sabha MP Subhash Barala, alongside the company’s Director of Sales & Marketing, Srinivasu Allaphan, and other key officials. This new offering underscores the company’s dedication to delivering innovative solutions tailored to the shifting demands of contemporary agriculture.

Engineered to meet the challenges posed by modern farming techniques, the Shresth Plus tyre is designed for high-horsepower tractors that operate under diverse and demanding soil conditions for extended periods. Its construction features a deep non-skid profile and a broad lug pattern, which together provide superior grip and longevity. The tread design incorporates an angular step lug configuration with connecting tie bars, which enhances stability and minimises tread distortion under strenuous fieldwork. Furthermore, features such as the Eagle Eye sidewall design and a fortified nylon casing contribute to increased durability, offering better resistance against impacts and greater load-bearing capacity for both in-field and on-road applications.

JK Tyre is leveraging the expo to present its comprehensive range of farm solutions, catering to a wide array of tractors and implements used across different agricultural terrains. The display at Stall OA-15-16 highlights the brand's robust portfolio and its commitment to boosting farming efficiency and productivity through reliable technology.

Beyond the product showcase, JK Tyre is adding a dynamic element to the event with a dedicated motorsport arena. Reflecting its legacy as a motorsport pioneer, the company has arranged for a professional driver to perform live tractor stunts, providing entertainment and demonstrating the vehicles' capabilities in a high-energy format. The expo, held at the Northern Region Farm Machinery Training & Testing Institute in Hisar, runs from 14 to 16 February, offering attendees a firsthand look at the new tyre’s features.

Srinivasu Allaphan, Director – Sales & Marketing, JK Tyre & Industries, said, “Indian agriculture is rapidly embracing mechanisation and higher horsepower tractors. With premiumisation at the core of our business strategy, we are focused on bringing advanced, high-performance solutions to the farm segment. ‘Shresth Plus’ reflects this direction, combining superior traction, durability and stability to meet the evolving needs of modern farming. The product has been designed to help farmers achieve better efficiency, reliability and consistent performance across varied agricultural applications.”

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Ecolomondo Corporation has finalised documentation with Export Development Canada (EDC) for an additional USD 2.7 million in financing aimed at advancing the final phase of operational ramp-up at its Hawkesbury tyre-derived products (TDP) facility. This follows a previously announced agreement in principle reached on 12 January 2026, concerning funding for capital investments and working capital needs at the Ontario site. Alongside this new financial support, EDC has also granted a temporary reprieve on principal and interest payments for existing loans throughout the company's 2026 ramp-up period.

The announcement coincides with recent operational milestones at the Hawkesbury plant, which achieved record production levels during the week of 12 January 2026. During this peak period, the facility successfully processed approximately 150,000 pounds of crumb rubber, yielding around 60,000 pounds of recovered carbon black, 75,000 pounds of tyre-derived oil and 15,000 pounds of syngas. This level of output corresponds to the processing of an estimated 9,375 end-of-life tyres, underscoring the facility's enhanced capacity and operational progress as it moves towards full-scale production.

Jean-François Labbé, Interim CEO, Ecolomondo, said, “This additional financing provides important financial flexibility as we complete the final stage of the Hawkesbury facility ramp-up. It also supports continued workforce expansion and a steady increase in production as we advance towards full operational capacity.”

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Citira has expanded its service network in western Sweden by acquiring TH Pettersson, a renowned tyre service company with two shops in the Gothenburg area. This acquisition adds two key service points positioned close to the region's major traffic and logistics hubs, significantly advancing Citira's coverage in this strategic area.

TH Pettersson holds a distinguished place in Swedish commercial history as one of the oldest tyre shops in the country, having been founded in 1923. From modest origins, the business grew to achieve a strong national reputation under the guidance of three generations of entrepreneurs who maintained a long-term value creation and service-driven philosophy. The two well-situated shops will now form crucial new service points within the Citira network.

The business will continue operating with the same team in the same premises, ensuring continuity for customers and staff alike. David Heidenfors, the long-term manager, together with the broader TH Pettersson team, will continue managing daily operations while benefiting from Citira's resources for continued development. As part of this new chapter, both Max Petersfeldt and Mikael Petersfelt will become co-owners of Citira.

David Boman, CEO, Citira, said, “We are very excited that TH Pettersson will join Citira, as we have regarded them as a key player in the Gothenburg area for a long time. The team delivers great service to their customers, which will now come to the benefit of our customers as well. In TH Pettersson, we have a great partner on Sweden’s west coast, which we look forward to further developing and growing together with David, the TH team and Max as a senior advisor.”

Max Petersfeldt of TH Pettersson said, “Joining Citira and a group of like-minded colleagues marks an important milestone in our journey while also allowing us to be part of and contribute to this exciting development in our industry. I am confident that under the continued leadership of David Heidenfors, Citira and TH Pettersson will realise our full potential in the region while allowing us to stay true to our customers, who will find us in the same place with the same team which they have always trusted.”

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