Global truck tyre radial market to be worth US$43 billion by 2036
Analysis of the truck tyre and bus radial tyre market (TBR) conducted by Research Nester reveals that it will grow at a compound annual growth rate (CAGR) of 7.6 per cent between 2024 and 2036, reaching US$43.1 billion by 2036.
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Nexen and Amring celebrate 10 years of partnership
Nexen Tire held a 10th anniversary event on 6 September, celebrating a decade of tyre distribution with Amring. Specifically, Nexen hosted the first-ever “Nexen InnoForum Scandinavia” event, featuring a comprehensive factory tour at Nexen Tire’s Europe Plant (EP) in the Czech Republic. Over 40 participants from Amring and their trusted partners joined the event. The […]
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Prometeon to debut 80% renewable material coach tyre at IAA
Prometeon Tyre Group will launch an 80 per cent recycled and renewable material A-rolling-resistance-rated coach tyre at IAA Transportation in Hanover, Germany – the Prometeon C02 Coach. At the same time, the company will use its booth, Hall 12, stand 52, to show Prometeon SuperFleet, the company’s fleet management solution.
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Hankook Returns as Tyre Supplier to Australia’s Bathurst 6 Hour
Next year, Hankook Tire & Technology will make a comeback as the official tyre supplier for the Bathurst 6 Hour race in Australia, replacing MRF Tyres, which has served in this capacity since 2019. Hankook Tire previously served as the tyre supplier for the inaugural race in 2016 and the two following years. As part of the new agreement, it will supply every competitor with Hankook Ventus R-Spec Medium compound tyres throughout next year’s event, which takes place from 18 to 20 April 2025.
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Automechanika providing platform for UK firms
More than a hundred UK automotive companies will come together in Germany this week (September 10-14) for Automechanika Frankfurt, one of the largest global aftermarket trade shows, with 19 of them having secured a place at the sold-out UK Pavilion hosted by the Society of Motor Manufacturers and Traders (SMMT).
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Webfleet study – AI & EVs to shape future fleet management
Fifty-eight per cent of fleet managers expect to implement artificial intelligence (AI) within the next five years, according to a new global study released by Webfleet to commemorate its 25th anniversary. The research, commissioned by Bridgestone’s fleet management solution, was conducted across 15 countries with 1,800 fleet managers participating to provide insights into the current and future landscape of fleet digitisation. The findings indicate a growing commitment to increasing investment in digital fleet solutions, with AI and electric vehicle (EV) technologies expected to play a central role.
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Hamaton to showcase retrofit TPMS at SEMA
The 2024 edition of SEMA is expected to attract over 140,000 attendees from more than 140 countries and territories. Hamaton’s team will exhibit at booth 41131 in the Lower South Hall of the Global Tire Expo and showcase their brand-new, app-based BLE Retro-Pro retrofit TPMS system for trailers, RVs, and non-TPMS-enabled passenger vehicles and light trucks.
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New Zealand debuts waste tyre scheme
As of this month, New Zealand’s first national tyre recycling scheme is fully operational. The free collection of end-of-life tyres commenced on 1 September, half a year after the country added a tyre stewardship fee to the cost of every newly imported tyre, replacing the ad-hoc disposal fees that many tyre retailers used to charge. Penny Simmonds, New Zealand’s Environment Minister, considers the introduction of the Tyrewise scheme a “significant step toward addressing a long-standing issue.”
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Linglong Tire becomes Chelsea FC global partner
Linglong Tire has made a multi-year agreement with Chelsea Football Club. The partnership will see Linglong and Chelsea “create bespoke content and experiences in key strategic markets, as well as building Linglong’s global presence through pitchside placements with the men’s and women’s teams, at Stamford Bridge”.
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Bridgestone, Versalis & Grupo BB&G partner to advance tyre circularity
A new agreement between Bridgestone EMEA, Grupo BB&G and Versalis (Eni) will see the three parties working together to establish a closed-loop ecosystem to transform end-of-life tyres (ELTs) into new tyres, with each contributing its particular innovation, experience and technological skills to the project. The partnership aims to develop a model for the creation of a scalable and increasingly sustainable supply chain.
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Triangle’s sales fell 6.1% in the first half of 2024
In the first half of 2024, Triangle achieved revenue of approximately 5 billion yuan (roughly £535 million; €635 million), a decrease of around 200 million yuan from the same period in 2023. Net profit attributable to shareholders of listed companies increased by 0.67 per cent year-on-year to 612 million yuan (approximately £65 million; €78 million). However, after deducting non-recurring gains and losses, the company’s net profit fell by 3.23 per cent year-on-year. And it is worth noting that cash flow declined by 49.93 per cent compared with the first half of 2023.
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Autoparts from Spain members to showcase sustainability at Automechanika
Autoparts from Spain, the platform of internationalization for Spanish automotive suppliers,will present their latest innovations and technological developments focused on solutions covering the most critical challenges of today’s industry. The Spanish suppliers will exhibit their news on components, systems and accessories, electronics, maintenance and automotive supplements, highlighting their progress in recycling technology, energetic efficiency and carbon-footprint-reducing products.
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Martins Industries partners with Walter Capital to ‘fast-track acquisition strategy’
Martins Industries tyres and wheels based-equipment maker from Farnham, Quebec, has announced that Walter Capital Partners is now a major shareholder. According to the company, the transaction is intended to support Martins as it implements its “acquisition-based international growth strategy to consolidate its position as a leader in its industry”.
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Chinese tyre dealer plans to build factory in Brazil – reports
Qingdao, China-based tyre dealer, Sunset Tires Corp, is considering building a tyre factory in Brazil, according to local news reports. Specifically, the company reportedly plans to invest $256 million to produce XBRI brand passenger car tyres for the Brazilian and US markets.
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delta4x4 introduces new Loder AT#1 winter-equipped tyres
delta4x4 has launched the Loder Tire brand. The new range’s flagship product is the Loder AllTerrain AT#1, which is specifically designed for pickups and 4x4 vehicles in EU 305/60R18, US 33x12.50R18.
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