ITMA welcomes Aeolus as latest member
Aeolus Tyres has signed up as a member of the Imported Tyre Manufacturers’ Association. The Chinese manufacturer is the fourth tyre maker to join ITMA this year – Shandong Linglong and Nexen Tire were named as members in February and news of Triangle Tyre’s membership was given at the end of April.
“We are delighted to welcome Aeolus Tyres to the Association,” commented ITMA president Alfred Graham. “In recent years, we have seen a trend towards an ever-increasing number of rules and regulations affecting tyre manufacturers looking to operate within Europe. Against this backdrop, ITMA play a critical role in helping manufacturers such as Aeolus fully understand their responsibilities to operate legally within the region.”
ITMA remains the only trade association in Europe to exclusively represent the interests of non-EU based tyre manufacturers. It was established more than three decades ago when imported tyre brands started gaining a significant share of the UK and mainland European replacement markets. The association now represents more than 30 tyre brands from its member companies. According to the Tyre Industry Federation, non-EU sourced tyres now account for more than half of all UK replacement tyre sales and some 30 per cent across Europe as a whole. Indeed, over 300 brands of tyres are on sale in European markets sourced from over 45 countries around the world.
“Europe presents a number of attractive opportunities for non-EU based tyre manufacturers, but it is essential that they fully comply with all relevant legislation,” Graham added. “What’s more, as the regulations continually evolve, it is essential that changes are understood and communicated in a timely fashion so that details can be fed back into manufacturers’ design and production schedules. With ITMA’s assistance, we can help members address these challenges quickly and effectively.”
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