![Yokohama’s Prometeon bid: Delayed by Covid, but nearing completion](https://www.tyrepress.com/wp-content/uploads/2019/09/Prometeon.png)
Yokohama’s Prometeon bid: Delayed by Covid, but nearing completion
Yokohama’s Prometeon bid: Delayed by Covid, but nearing completion Today Yokohama announced that it is consolidating its OTR tyre businesses into Yokohama Off-Highway Tires, which could be read as a prelude to the announcement Yokohama’s bid for the Prometeon tyre business. Roughly a year after the story broke, Yokohama’s bid for Prometeon isn’t the best kept secret in the tyre industry. Tyres & Accessories first heard talk of Yokohama’s bid for the ex-Pirelli industrial and commercial vehicle tyre business back in July 2019. The news was reported world-wide after we broke the story in September 2019, followed days later by third-party confirmation from the Chinese side of the deal. At that time, the deal was set to go public by the end of 2019. A few months later at the start of 2020, the timeframe switched to an end-of-first-quarter 2020 deadline. Then the coronavirus pandemic happened. And in the months that have followed things have gone quiet. So, where is Yokohama’s bid for Prometeon up to? The latest news is that deal is still on-track, but that there have been a few changes along the way. Here, Tyres & Accessories brings an update on the status of the acquisition and offers a different view on the deal by looking at it from a South American perspective.
Continue Reading![Yokohama consolidates OTR tyre businesses into Yokohama Off-Highway Tires](https://www.tyrepress.com/wp-content/uploads/2019/04/MAN_Alliance_442.jpg)
Yokohama consolidates OTR tyre businesses into Yokohama Off-Highway Tires
The Yokohama Rubber Co. Ltd. is consolidating its various off-highway businesses into a single entity. The new division – Yokohama Off-Highway Tires – will include Alliance Tire Group (ATG), which Yokohama bought four years ago and Yokohama’s off-the-road (OTR) tyre businesses across the globe. The move can also be interpreted as a prelude to the announcement of the result of Yokohama’s bid for the Prometeon tyre business, talks about which got underway last year.
Continue Reading![New Sice website features virtual training centre tour](https://www.tyrepress.com/wp-content/uploads/2020/10/demo-video-2.jpg)
New Sice website features virtual training centre tour
Sice has launched a new website after analyzing visitor statistics from the last few years. In response, the new Sice.it site been rationalized allowing “more intuitive navigation between the various sections, giving priority to products”.
Continue Reading![French government willing to invest in Bridgestone Bethune rescue](https://www.tyrepress.com/wp-content/uploads/2020/09/bethune.jpg)
French government willing to invest in Bridgestone Bethune rescue
The French government is willing to partner with Bridgestone to save to the Bethune tyre factory the Japanese tyre manufacturer is planning to close.
Continue Reading![Sailun named Transportation Partner for World Child Cancer](https://www.tyrepress.com/wp-content/uploads/2020/10/820_earth_globe-scaled-e1602237485165.jpg)
Sailun named Transportation Partner for World Child Cancer
2020 marks Sailun’s 5th year supporting World Child Cancer as the transportation partner, alleviating the financial burden for families of children with cancer. Financially, Sailun continues its pledge to World Child Cancer – which supports children with cancer in the low and middle-income world – with a recent 50,000 euro donation.
Continue Reading![Building on foundations of growth – GRI MD talks with T&A](https://www.tyrepress.com/wp-content/uploads/2020/10/Mixing-Plant2-scaled.jpg)
Building on foundations of growth – GRI MD talks with T&A
Global Rubber Industries (Pvt.) Ltd. (GRI) has spent the last 18 years since its foundation cultivating its niche in the industrial, agricultural and construction tyre sectors. With ambitious capacity and expansion plans underway, Tyres & Accessories interviewed managing director Prabhash Subasinghe and learnt more about the company’s plans to build on its growth foundations. This interview appears in full in the November edition of Tyres & Accessories magazine. Not yet a subscriber? You can change that here.
Continue Reading![2020 tyre brand social media ranking: Where the numbers come from](https://www.tyrepress.com/wp-content/uploads/2016/09/email-concept-1236473.jpg)
2020 tyre brand social media ranking: Where the numbers come from
As popular as our annual social media ranking is, we are often asked where we get the numbers from. Our table is designed to be as transparent as possible, but in order to offer a little more detail, here’s a description of our methodology.
Continue Reading![Russian OTR tyre operation is Marubeni’s model for future expansion plans](https://www.tyrepress.com/wp-content/uploads/2020/10/820_earth_globe-scaled-e1602237485165.jpg)
Russian OTR tyre operation is Marubeni’s model for future expansion plans
Marubeni range of international tyre-related investment interests also includes projects in Russia. One example is the establishment of Marubeni Rubber RUS LLC (MRR) in February 2019. In this case the Marubeni Corporation chose to connect with Russia’s very active mining industry due based on the country’s rich natural resources.
Continue Reading![Marubeni re-brands Indonesian tyre retail chain as B-Quik](https://www.tyrepress.com/wp-content/uploads/2020/10/B-Quik.png)
Marubeni re-brands Indonesian tyre retail chain as B-Quik
Marubeni is well-known for its range of tyre-related investment interests. While the conglomerate began in Japan, recent additions in Russia and US-based Tyrata demonstrate the diversity of its tyre-related portfolio.
Continue Reading![Marubeni partners with Tyrata drive-over tyre tread depth system in Japan](https://www.tyrepress.com/wp-content/uploads/2019/10/Tyrata-sml.jpg)
Marubeni partners with Tyrata drive-over tyre tread depth system in Japan
Tyrata Inc. and Marubeni Corporation are collaborating in the distribution of Tyrata’s IntelliTread drive-over tread-depth reading system. Specifically, Marubeni will be introducing the technology to its customer base in Japan. Marubeni will begin selling units in Japan in the fourth quarter of 2020.
Continue Reading![Pirelli shareholders amend agreement, some parties end co-investment accord](https://www.tyrepress.com/wp-content/uploads/2020/10/tlo_biz83a-scaled-e1602237521703.jpg)
Pirelli shareholders amend agreement, some parties end co-investment accord
Pirelli’s largest shareholders have amended their ownership agreement and – at the same time – certain parties have ended their co-investment stance in relation to each other.
Continue Reading![Vipal Machinery sales growing in the USA](https://www.tyrepress.com/wp-content/uploads/2020/10/VR01-Smart-Duo.jpeg)
Vipal Machinery sales growing in the USA
Vipal Machinery is reporting growing sales in the USA, having sold five machines so far this year in the worlds largest tyre retreading market. According to the company, four major North American retreaders acquired the five pieces of machinery including Pete’s Road Services based in Corona, California.
Continue Reading![Siemens Energy sale good for Conti group spin off – Analysts](https://www.tyrepress.com/wp-content/uploads/2020/10/2019-10-01_PP-4-VT-Headquarter-RGB_1-scaled.jpg)
Siemens Energy sale good for Conti group spin off – Analysts
Following the reports that Continental is in talks to sell off various parts of its wider group, analysts have responded positively to Siemens recent sale of its Energy division, saying it is good for Conti. Upgrading their rating to “buy”, Jefferies analysts said: “Siemen’s recent spin-off of Energy gives confidence that Contis share price will benefit from its planned spin-off of Vitesco as the combined market cap of Siemens and Energy was up 7 per cent on the day of transaction (DAX +3%)” The implication, they explained, was that there was a discount in Siemens’ sum-of-the-parts valuation. That being the case, given Contis “more attractive transaction structure”, the analysts predicted that Conti’s “re-rating should be more pronounced.”
Continue Reading![Falken Tire takes pole position in 2020 global social media ranking](https://www.tyrepress.com/wp-content/uploads/2020/09/mobile-phone-1917737_1920.jpg)
Falken Tire takes pole position in 2020 global social media ranking
As Tyres & Accessories annual global social media ranking enters its seventh edition, this year there is a new winner. Last year’s champion, Pirelli, has fallen two places to third position. At the same time, Sumitomo Rubber Industries’ Falken brand rose an impressive eight positions to take the top spot. And Pirelli wasn’t the only well-known name to downshift, with two other brands taking retrograde steps. At the same time, in a reflection of what has taken place in the UK-only ranking, the top 10 has a new entry, with previously 10th-ranked MRF being overtaken by another large Indian tyremaker.
Continue Reading![Online tyre prices went up as lockdown bit](https://www.tyrepress.com/wp-content/uploads/2020/10/ecommerce-3546296_1920.jpg)
Online tyre prices went up as lockdown bit
In October’s magazine, Tyres & Accessories takes a closer look at the latest developments in the multifaceted online tyre business. This article specifically looks at online tyre buying and pricing in conjunction with tyre pricing and selling-way data specialists Encircle Marketing. However, this is just one dimension in the online tyre business. In addition to online tyre retail, there is also the question of online marketing, an area in which social networks are playing an increasing important role (see separate article for further details). And on top of this, there is the electronic infrastructure necessary for the tyre business to participate – beginning with increasingly smart web sites and going onto integrated pricing and marketing tools.
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