Eden Tyres acquires Apex Tyres
Around 26 May, Eden Tyre completed the purchase of Apex Tyres in Peterborough, bringing the tyre retailer’s total branch count to 22. Managing direct, Matthew Eden, commented:
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Inverness gets Eurorepar Car Service centre
Inverness, the UK’s most northerly city, recently gained its first Eurorepar Car Service centre. Autovision, situated on Harbour Road to the north of the city centre, is widely recognised as the Vauxhall dealership serving Inverness and its surrounding villages. The site’s workshop will now also be used to carry out all-makes servicing and repair work as a Eurorepar Car Service centre.
First Toyo Serbia tyres arrive in the UK
Five months after the opening its new tyre factory in the Municipality of Indjija, Toyo first Serbia-made tyres have arrived in the UK. Aboard this historic shipment are the Proxes Comfort, the passenger and eco car-targeted offering from the Proxes range.
TireHub becomes Mickey Thompson tyre and wheel distributor
TireHub, the US national tyre distributor cofounded by The Goodyear Tire & Rubber Company (Goodyear) and Bridgestone Americas Inc. (Bridgestone), started selling Mickey Thompson Tires & Wheels as an authorized national distributor on 1 May. The Mickey Thompson brand specialises in off-road orientated 4×4 products and came to Goodyear in the last couple of years as a result of the company’s acquisition of Cooper.
Yokohama “eliminates” fake wheels in China
The Yokohama Rubber Co. Ltd. says it has eliminated “counterfeit versions of the company’s aluminum wheels in China”. Yokohama Rubber filed an administrative complaint and submitted information to the Administration for Market Regulation in Foshan, Guangdong Province, regarding five companies engaged in the distribution of counterfeit sports car aluminium wheels imitating Yokohama’s “ADVAN Racing” wheels. The distributors were selling the counterfeit wheels via internet shopping sites and retail shops outside of the company’s official distribution channels.
TBC Corporation sells 595 NTB and Tire Kingdom centres to Mavis
TBC Corporation, a leading tyre distributor in North America, has agreed to sell its company-owned retail portfolio to Mavis Tire Express Services Corp. Specifically, Mavis will acquire 392 NTB Tire and Service Centers (NTB) and 203 Tire Kingdom Service Centers (Tire Kingdom). In connection with the deal, Mavis and TBC have entered into a distribution agreement, through which TBC will provide wholesale and tyre distribution for Mavis retail locations. The transaction is expected to close in the coming weeks. Financial terms of the transaction have not been disclosed.
CL Tyres buys Fork Truck Tyres
Fast-growing industrial tyres business, CL Tyres Ltd has bought Fork Truck Tyres Ltd. Founded in July 2019 by Steve Donnithorne, CL Tyres Ltd experienced 10-fold growth in its first three years of business. The acquisition of Manchester-based Fork Truck Tyres by Midlands-based CL Tyres, which also runs centres in locations including Hull and Washington, suggests a national expansion plan.
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Michelin buys Canopy Simulations for its ‘virtual driver’ technology
Michelin has bought UK-based simulation software specialist Canopy Simulations for an undisclosed fee. Since Michelin has been developing dynamic virtual tyre models for the last couple of decades using its Tame Tire software, it appears the plan is to combine Canopy’s “virtual driver” with Tame Tire, taking Michelin’s virtual modelling to the next level.
Bandag launches Hotread mould-cured retreaded tyre range
In a significant development building on the retreading brand’s pre-cure heritage, Bridgestone-owned Bandag is expanding its portfolio of mould-cured retread activities with the launch of Bandag Hotread.
GB Tyres constructing “one of the largest stockholdings in Europe” with new Oldbury site
Fast-growing tyre wholesaler, GB Tyres, has begun construction of its new Oldbury tyre “storage and distribution facility”. As we reported back in September 2022, despite existing storage space of roughly 250,000 square feet across two large sites in the midlands the business requires much more space.
Automechanika Birmingham just weeks away
With about a fortnight to go until it opens its doors once more, Automechanika Birmingham – hosted from 6th – 8th June at the NEC – has given visitors a flavour of what’s to come at this year’s highly anticipated show, launching its official event preview.
Nexen considering US$1 billion US tyre factory
Nexen Tire is considering eight southeastern US states as the possible location for a new $1.3-billion tyre factory project. According to stock market filing published on 18 May, Nexen is set to make a decision on the project by the end of 2023, with a view to getting the factory operational by 2028-2029.
Continental sells Kaluga, Russia tyre factory to S8 Capital
On 22 May, Continental confirmed that it has sold its tyre factory in Kaluga, Russia, to Russian company S8 Capital. That means Continental has now divested the majority of its activities in Russia as part of its aforementioned “controlled withdrawal”. The transaction has been approved by the relevant authorities. Continental and S8 have agreed that employees will be taken over as part of the sales contract. No price details have been disclosed.
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HiQ Sheffield a recent addition
HiQ Sheffield is a relatively recent addition to the HiQ network. The HiQ Tyres & Autocare Sheffield team joined the franchise network in October 2022 when manager George Snelling and his close family took on a new venture to start their Autocare business from scratch following the pandemic.
Trade Remedies Authority extend NTDA’s consultation deadline
The Trade Remedies Authority (TRA) has extended the NTDA’s deadline for submission of pre-sampling questionnaires following a request from the tyre industry body. At the start of May, TRA initiated two transition reviews into anti-dumping (T0035) and anti-subsidy (T0036) measures on lorry and bus tyres imported from China. However, the initial deadline for that was 18 May 2023 – too short a time period for many.
