ETRMA not subject to EC inspection
Yesterday the European Commission announced it was “carrying out unannounced inspections at the premises of companies active in the tyres industry in several Member States.” So far, we’ve learned that Bridgestone, Continental, Goodyear, Michelin, Nokian Tyres, and Pirelli received visits from EC officials.
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European Commission ‘conducting antitrust inspection’ at Bridgestone
Bridgestone joined four other manufacturers in confirming to Tyrepress that it has been part of the European Commission’s series of unannounced inspections at tyre makers active within several European Union member states. A representative told Tyrepress: “Bridgestone can confirm that the European Commission is conducting an inspection at its European Headquarters. As a responsible company that is committed to fair practices and transparency, Bridgestone is fully cooperating.”
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Pirelli confirms EC antitrust inspectors visit
Pirelli has confirmed that it is among the tyre manufacturers in European Union member states receiving an unannounced visit from European Commission investigators today, according to Tyrepress sister site PneusNews. The EC is concerned that companies producing replacement market tyres for cars, vans, trucks and busses may have “violated EU antitrust rules that prohibit cartels and restrictive business practices.” A Pirelli spokesperson said the company “has always acted in total compliance with all rules and regulations,” adding that “it is guaranteeing full support” to investigators.
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European Commission investigators make unannounced inspection at Continental
The European Commission’s unannounced inspections at European tyre company premises today included Continental. The Hanover, Germany based manufacturer said, “We can confirm that as of today investigations by European antitrust authorities are taking place at Continental in Germany.” A representative added that the company could not comment further on an ongoing investigation. The EC is investigating concerns of price coordination on new replacement tyres for passenger cars, vans, trucks and busses sold in the European Economic Area.
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Goodyear visited in European antitrust investigation
Following the news that the European Commission is investigating tyre manufacturers across Europe for anti-competitive practices, we now know that at least Nokian, Continental and now Goodyear have been visited.
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Nokian Tyres receives EC antitrust inspection
The European Commission has initiated an unannounced inspection at Nokian Tyres plc’s headquarters in Nokia, Finland. The investigation forms part of the EC’s wider look at tyre manufacturers across several member states:
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EC launches tyre industry antitrust investigation in “several member states”
The European Commission is carrying out unannounced inspections at the premises of companies active in the tyre industry “in several “member states”. The reason? “The commission has concerns that the inspected companies may have violated EU antitrust rules that prohibit cartels and restrictive business practices”, according to an official statement. So far, Nokian Tyres, Continental, Goodyear, Pirelli, and Bridgestone have confirmed they have received an unannounced inspection.
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Import duties: Thailand-produced car tyres may make US market gains
The United States Department of Commerce has released the results of its anti-dumping review of imported passenger car and light truck tyres (PCR) made in Thailand. The result of the re-examination investigation is consistent with the preliminary one and its good news for Thai tyre manufacturing plants. The release of the result also means PCR products produced in Thailand are expected to enter the United States market in large quantities soon.
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Timing is key for 2024 motorcycling season
We’ve done Covid-19 and grown used to rising energy prices. Now it’s 2024, and our crise du jour involves an important sea lane and those intent on disrupting its navigation. The situation is making itself felt in many parts of the tyre business, including the two-wheeler tyre segment.
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Next stop Mexico? Analysing Chinese companies’ overseas factory choices
In 2023, China’s tyre industry experienced “ice and fire”. On the one hand, large tyre makers with sufficient foreign trade orders or with overseas factories doubled growth in revenue and net profit. On the other hand, the slow recovery of the Chinese market, especially the lack of demand in the radial truck tyre (TBR) sector, has put the entire downstream industry under tremendous pressure.
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Sailun ups Cambodia expansion to 12 million tyres
Following on from an October 2023 announcement that it will extend annual passenger and light commercial vehicle tyre capacity in Cambodia by 6 million pieces, Sailun Group has approved additional investment in its plant. It will invest a further RMB 773.69 million (£85.05 million) to expand the capacity expansion project from 6 million to 12 million tyres a year. In total, Sailun is investing RMB 2.25 billion (£247.33 million) in its Cart Tire Co. Ltd. project, which will result in a facility capable of making 21 million semi-steel radial tyres a year.
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Remember This? – January 2024
Our monthly magazine column looks back at the biggest news events from the tyre industry five, 10, 15 and 20 years ago. This months edition looks back to January issues from 2004, 2009, 2014, and 2019 for some of the biggest tyre industry news of those months. Click the month and year to access the digital edition of the relevant issue of the magazine from Tyres & Accessories’ expanding digital archive.
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ETRMA members’ replacement tyre sales continue negative trend in Q4 2023
The European Tyre and Rubber Manufacturers’ Association (ETRMA) has published details of its members’ European replacement market sales for the fourth quarter of 2023. The figures show a year-on-year decline in all market segments.
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7 websites blocked in 40-million-euro Italian online tyre fraud case
The Italian Guardia di Finanza has discovered large-scale online tyre fraud. According to our sister publication Pneusnews.it, the investigation has led to the execution of five “personal precautionary measures” for VAT fraud in the Italian online tyre trade and the seizure of about 40 million euros by Turin European Public Prosecutors Office.
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Bridgestone set to invest $5 billion in enhancing EV tyre offering
Bridgestone is planning to invest around 800 billion yen ($5.38 billion) over the three years between now and 2026, with the money earmarked for the development of electric vehicle and mining tyres along with decarbonization technologies, according to a Nikkei report.
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