China launch for Prinx TBR range
In the UK, Prinx Chengshan is primarily represented in the truck tyre segment by the Fortune brand, with the company also marketing these products across other parts of Europe under the Austone name. While the flagship Prinx brand is exclusively associated with consumer tyres in our region, the manufacturer has now introduced a range of Prinx truck tyres in its domestic market. On 21 August, Prinx Chengshan held a major product launch event in Rongcheng, Shandong, where it unveiled the first high-end Prinx truck tyres for the Chinese market.
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Nexen raises tyre prices in Europe
Nexen Tire has “restructured” the prices of its summer and all-weather tyres effective 1 September 2024. The move, which amounts to a price increase, will be implemented across the European market, including the United Kingdom and Turkey. It will apply to all goods ordered from that date onward.
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Higher volumes, cheaper tyres – China’s exports in July
Tyre makers in China exported 60.6 million tyres in July 2024, exceeding the 60-million mark for the second consecutive month. Volumes were up 6.8 per cent year-on-year in July, with the value of these tyre exports amounting to 14.05 billion yuan (£1.49 billion).
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OE tyres for China’s top selling cars
Some 1.6 million passenger cars were sold in China in July 2024, and for the first time the number of new energy vehicles sold surpassed sales of combustion vehicles. The top ten selling cars accounted for around 230,000 units, and local association the Car and Wheel Shop Owners Alliance provides information about the tyres these popular models wear as original equipment. Linglong is a reoccurring name, with six of the ten best-selling models available with Linglong OE tyres.
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Sequential improvement for ETRMA member tyre sales in Q2 2024
Following a challenging 2023, the European Tyre & Rubber Manufacturers Association (ETRMA) has reported positive developments in the first half of 2024. ETRMA members recorded a year-on-year increase in replacement consumer PCLT (passenger car, light truck) and agricultural tyre sales in H1 2024, with particularly strong performance in the second quarter. However, PCLT tyre imports grew at a faster rate than member sales.
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Mitsubishi Chemical launches tyre recycling study
The Mitsubishi Chemical Group (MCG) is studying the “chemical recycling of end-of-life tyres (ELTs) by utilizing the coke ovens at its Kagawa Plant in Sakaide City, Kagawa Prefecture, Japan. The MCG Group aims to begin marketing sustainable carbon black made from ELTs by March 2026.
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The US extends Chinese truck tyre anti-dumping duties for five years
The US International Trade Commission (ITC) voted to conduct an anti-dumping and countervailing duty sunset review on truck and bus tyres (TBR) imported from China. The review results show that Chinese tyre exports may harm the US industry again, and anti-dumping and countervailing duties should be continued.
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RPM Automotive reports “strong” full-year 2024 results
Australian garage chain RPM Automotive Group Limited has released its unaudited results for the 12 months ended 30 June 2024. Group revenue was up 3.7 per cent to $121 million (FY23: $117 million) through “diversified product offering and increased cross sell”. And Gross profit was up 12.0 per cent to $41.4 million “benefits from optimisation program and scale”.
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Dunlop clamping down on unofficial products & dealers in China
Sumitomo Rubber Industries is placing an increased emphasis upon protecting the reputation of its Dunlop tyre brand in China and is communicating with both dealers and consumers about how to identify the genuine item.
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LKQ Europe targets 10,000 workshops with launch of new harmonized approach
LKQ Europe, which describes itself as “the leading distributor of automotive aftermarket parts, services and solutions in Europe” has launched a central workshop hub to bring its 16 concept brands closer together. The move will enable LKQ Europe’s in-country workshop concept teams – and importantly, the garages they partner with – to share best practices and resources, and benefit from a harmonized approach to proposition development and innovation.
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China continues anti-dumping duties on synthetic rubber for tyre liners, tubes
China has extended anti-dumping duties on imports of halogenated butyl rubber originating in the United Kingdom, European Union, United States, and Singapore, extending a programme of penalties first announced six years ago. Upon the recommendation of the Peoples Republic of China’s Ministry of Commerce, the Customs Tariff Commission of the State Council is imposing anti-dumping duties for a further five years, effective from 20 August 2024.
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Full-service workshop provider – Mahle Aftermarket at Automechanika
Mahle Aftermarket is showcasing its position as a full-service provider for independent workshops at Automechanika Frankfurt 2024. The spotlight will be on electrification and thermal management, two areas critical to the future of sustainable mobility. Mahle Aftermarket’s range on display includes the entire BatteryPRO product line for battery care and diagnostics, a new CO2 A/C service unit with climate-neutral coolant, and the latest TechPRO 2 diagnostic tool. Additionally, highlights from Mahle’s original equipment business will be presented to demonstrate the Group’s broad technological expertise.
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Kumho Tire sponsoring ice hockey in Germany with Löwen Frankfurt
Kumho Tire has announced a new partnership with Löwen Frankfurt, becoming the official partner of the German ice hockey team from the start of the forthcoming season in mid-September. The collaboration will see the tyre manufacturer prominently featured at the team’s home rink, the Eissporthalle Frankfurt, enhancing its brand visibility and regional engagement.
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Bridgestone to highlight fleet solutions at IAA Transportation 2024
Bridgestone will return to IAA Transportation in Hannover, Germany, from 17 to 22 September 2024, where it will showcase its advancements in fleet management solutions. The event will serve as a platform for Bridgestone to demonstrate technologies it has specifically designed to enhance the efficiency, productivity, safety, and sustainability of commercial fleets.
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Sustainable tyre material market to hit $46.38 million by 2032, up 32.88% CAGR
So called green tyres are reliant on sustainable materials and so that market is also growing fast. Indeed, separate research distributed by Report Ocean, found that the global sustainable tyre materials market is projected to reach US$46.38 million by 2032 from $34.9 million in 2023, growing at a CAGR of 32.88 per cent between 2024 and 2032.
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