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The NTDA has announced the finalists for its 2018 Tyre Industry Awards. The awards will be presented at a ceremony sponsored by tyre manufacturer Sailun which will take place at the Association’s 89th Annual Dinner on 4 October at the DoubleTree by Hilton, Milton Keynes. The dinner sponsor this year is tyre wholesaler Land Tyre Services and the awards will be hosted by TV personality and sports presenter Mark Durden-Smith.
Birmingham headquartered OTR, industrial, construction, and agricultural tyre supplier, Maxam has created what it calls a “first of its kind”, the MS708 solid OTR tyre. The MS708 features “zero maintenance” solid construction, long tread life, high heat resistance, superior wear and cut resistance, softer ride, self-cleaning tread and mounts on standard multi-piece earthmover rims.
As far as years go, 2017 was a special one for Tyre Trading International (T.T.I.). Early on in the piece it delivered growth through the acquisition of Van Aalderen Twen-Tyre, it then witnessed expansion with Reifen Kraftwerk and was rounded off by organisational restructuring following the sale of the company’s Motoria business. T.T.I.’s owner Peter-Alexander van ’t Hof sees last year’s changes as a “big step” for the wholesaler, and 2018 is also looking to be a red-letter year.
At the end of May, anti-Chinese truck tyre tariffs were implemented. They included nominal (as opposed to percentage) tariffs at levels that surprised many. As a result, supply shortages and challenges at distributors were predicted. Shuttering of some of the lowest cost Chinese tyremakers is also expected. However, speaking to affected firms during the recent Tire Cologne reveals that many are already prepared to source tyres elsewhere. Indeed, the largest manufacturers have been off-shoring for some time. As a result, virtually all the leading Chinese tyre manufacturers already have non-Chinese tyre production in place. Let’s take a look at who’s got what.
Less than two years after Prinx Chengshan Europe came into being, the company has already sold quantities of tyres numbering in the millions across Europe. Not only that, but the Chinese-based firm has also invested in a manufacturing base in Malaysia during the same period of time. Tyres & Accessories met up with European managing director Ivan Majsky and the rest of the European sales and marketing team at Tire Cologne in order to find out more.
New research by London based independent research company Astutus Research suggests that a domestic Chinese company could be about to join the top 10 global manufacturers of passenger car and light truck (PCLT) tyres. Linglong Tyre, currently ranked 12th globally in the segment by unit sales, is forecast to take tenth place by 2019, replacing South Korea’s Kumho Tyre. The move would make the manufacturer the first from China to enter the PCLT top 10.
Prometeon Tyre Group’s recent appointment of Kirkby Tyres as its official wholesale partner for Pirelli truck & bus product is “a landmark in Kirkby’s history as with this agreement, this is Kirkby’s first appointment as a national distributor of a major tier-1 tyre brand”, according to Dave Dorrity, managing director of Kirkby Tyres.
While US President Donald Trump may be talking up the benefits of a trade way, after reviewing certain tariffs on passenger and light truck (PLT) tyres imported from China, the US Department of Commerce (DOC) has adjusted some of its antidumping and countervailing rates. Reductions in the antidumping tariffs for the period from 27 January 2015 through 31 July 2016 include the rate for Giti Tire dropping from 30.74 per cent to 1.5 per cent and Qingdao Sentury Tire dropping from 25.84 per cent to 4.41 per cent.
The Michelin brand’s value has grown some 30 per cent to US$7.9 billion in the latest Brand Finance Tyres 10 ranking. As a result Bibendum is now the world’s most valuable tyre brand.
The management of Kings Road Tyres Group (KRTG) has welcomed the well-known wholesaler’s return to private ownership after reaching agreement to conclude its contractual arrangements with the Sailun Jinyu Group.
Kirkby Tyres’ 2017 expansion programme will see its first warehouse completed in December 2017, with the 80,000sqft of new floor space, across nine additional new warehouses, fully operational by March 2018. In total, Kirkby will fit in 2,500 additional tyre racking units, enabling 8.9m high tyre storage facilities. The wholesaler will also add 10 more loading bays to its operation. In order to realise this expansion, Kirkby purchased three acres of land adjacent to its Speke headquarters, allowing it to increase its stock capacity and further improve its logistical operations, and increasing its total footprint to approximately nine acres. Kirkby added that the expansion would require more local personnel to be employed, and enable the company to offer customers a wider range of brands, sizes and applications.
The 15th edition of the China International Tire Expo (CITExpo), and its second at the Shanghai World Expo Exhibition & Convention Center, opened its two-hall, 40,000sqm exhibition space at a time of uncertainty for the Chinese tyre industry – especially the aspirational medium and small sized companies the show tends to attract as exhibitors. Two factors that promise to change the shape of the industry provided a backdrop for the show: in Europe, the European Commission announced its intention to initiate an anti-dumping proceeding focusing on imports of truck and bus tyres originating in the People’s Republic, prompted by the “coalition against unfair tyres imports,” a group representing the interests of manufacturers accounting for more than 45 per cent of all new and retreaded truck and bus tyre production in the European Union. Meanwhile in China, the government’s crackdown on certain factories for environmental reasons looks likely to affect some tyre manufacturers’ pricing structure at best, and ability to continue to operate at worst. Tyres & Accessories spoke to one representative who suggested that some factories could struggle to meet demands as the availability of raw materials for tyre production is affected by the state mandated closures.
The inaugural Tire+ exhibition made its debut in Shanghai today. Beginning with an opening parade of the CEOs of the top 12 Chinese tyre manufacturers, which was covered by national broadcaster CCTV, organisers CURC have taken steps to reflect the Chinese tyre industry’s increasing focus on quality. It also means large and professional stands from many of the biggest firms in the business including: ZC Rubber, Linglong, Sailun Jinyu, Doublestar, Triangle, Double Coin, Aeolus, Prinx Chengshan and Guizhou/Advance Tyre – to name just a few. This is all supplemented by an impressive number of forum discussions and four halls of tyre and rubber manufacturing stands in the RubberTech exhibition next door.
In order to give an impression of the kind of clientele Tire+ is attracting, it worth looking a little closer at the show’s exhibitor list. With this in mind here are 12 of the biggest tyre manufacturers exhibiting at the events inaugural show:
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