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New legislation applicable to Tire Pressure Monitoring Systems (TPMS) will come into effect within the European Union from 7 July. The new law outlines the minimum operating standard for TPMS devices, including the data that’s displayed to drivers in real-time.
Falken Tyre Europe shares that it will “implement structural price adjustments across Europe” from 1 June 2024. These changes affect the Falken and Sumitomo tyre brands in different product segments. The company has shared no details regarding specific price adjustments.
On 15 April, Michelin, the CNRS, and the University of Strasbourg inaugurated the SpinLab associated research laboratory. This Strasbourg-based endeavour is dedicated to the study of the electrospinning process for the optimal production of nanofibrous materials. Over four years, these teams will collaborate to develop an innovative electrospinning platform, with the aim of creating novel and distinctive fibrous materials tailored for diverse applications, including tyres.
Indian tyre maker Ceat asserts its commitment not only to expanding production capacity at its Chennai plant but also to halving its carbon footprint by year-end. Presenting itself as a trailblazer in the adoption of sustainable production processes and products, Ceat highlights its EcoDrive summer car pattern as a “clear statement in terms of environmentally friendly driving.” The company emphasises that the EcoDrive’s low rolling resistance not only ensures heightened fuel efficiency but also underscores its dedication to eco-friendly initiatives.
With increasing consumer demand and the greater availability of electric models, the number of electric cars in the UK has rapidly grown. When looking at how this increase is playing out in the fleet market, research from the SMMT indicates that three out of every four new electric vehicles were registered to fleets.
Dutch wholesaler Inter-Sprint will present its exclusive and private brands as part of an extensive range of premium, quality, economy and budget brands at The Tire Cologne from 4 to 6 June 2024. Partner firm Inter-Tyre showcase its latest aluminium wheels.
In order to provide fleet operators an opportunity to gain experience about its end-to-end offering, Goodyear is fielding both its flagship mobile showroom truck as well as a fleet of Drive Results Vans as part of the Drive Results Tour 2024. During the tour, Goodyear says its experts will provide tangible examples of how Goodyear Total Mobility suite of products, solutions, and services can maximise efficiency, competitiveness, and sustainability for fleets.
Fornnax introduced the SR-200 HD Dual-Shaft Primary Shredder at India Rubber Expo (IRE) at the Bombay Exhibition Centre in Mumbai on 20 March. According to the company, “the SR-200 HD marks a significant leap in recycling technology, demonstrating Fornnax's dedication to engineering excellence and sustainability.”
The Bulldog operation was founded in 1974 as part of the Sleaford Tyre Company Group and first supplied retreads to Bridgestone in the mid-1990s, before Bridgestone purchased it outright in 2005. A significant part of Bulldog’s recent history is made up of an increasingly close collaboration with Bridgestone. To be more specific, the two companies started working together in 1992, when Bulldog began making test tyres for Bridgestone. By 1995, Bulldog had become a major Bridgestone retreading partner. 10 years later, the working relationship became closer still when Bridgestone bought Bulldog. And next year market the 20th anniversary of Bridgestone’s Bulldog ownership. In the intervening years, Bridgestone global bought leading pre-cure retreading franchise, Bandag. Meanwhile, in the UK, Bridgestone grew to a position of market leadership in the bus tyre segment around 2017.
On 15 April The Yokohama Rubber Co. Ltd. (YRC) broke ground for its new consumer/light truck tyre plant at the Alianza Industrial Park in Saltillo, Coahuila, Mexico. The event was attended by state and local officials, as well as management from Yokohama companies, including YRC chairman and CEO Masataka Yamishi; Yokohama Corporation North America (YCNA) CEO Shinichi Takimoto; and Yokohama Tire Corporation (YTC) president and CEO Jeff Barna.
Bridgestone claims market leadership in the mining and construction tyre sector, and with the mining sector namedropped alongside electric vehicle tyres for particular attention in its recently announced 800 billion yen ($5.38 billion) round of medium-term investment over the next three years, the global tyre manufacturing signalled its intent to continue to strengthen in this segment. Bridgestone can claim an impressive grip of the off-road tyre market in more ways than one.
At the end of January, the European Commission (EC) announced that it is had begun conducting “unannounced inspections” – commonly known as dawn raids – at the European offices of the world’s leading tyremakers. The investigation intends to find out whether or not “the inspected companies may have violated EU antitrust rules that prohibit cartels and restrictive business practices”. In the days immediately after that news broke, it quickly became apparent that (in alphabetical order) Bridgestone, Continental, Goodyear, Michelin, Nokian and Pirelli all received those visits. All the above companies issued statements denying the allegations and confirming that they are cooperation with the authorities. The EC’s announcement was short on detail and the investigated tyremakers are being understandably tight-lipped about the whole thing, which leaves significant questions about what the grounds for such an investigation were in the first place.
SUV tyres have not only become a fixture in the wider car tyre market in recent years, they also remain a significant margin opportunity for manufacturers and distributors alike. However, while this section of the market has been a bastion of the premium tyre brands throughout most of that time, the latest research suggests the budget SUV market segment is growing largely at the expense of the mid-range. With that in mind, in our April 2024 edition, Tyres & Accessories takes a look at the latest SUV tyre news, trends and products. Throughout the rest of the section we look at vehicle market trends, which pertain to size choice and volume demand, as well as the latest product and OE fitment news. Here, working in partnership with the market research specialists at Encircle Marketing, we take a look at SUV segmentation from a pricing perspective.
Initiating detailed coverage of European tyre manufacturers, analysts at Jefferies Equities Research fated Pirelli as their top pick, followed by Continental and Michelin. “Continental is trading on the largest discount to Michelin in years and the ex-tyres business is at the lowest multiple (2x EBIT) in three years. Pirelli is at a two per cent discount to Michelin versus a premium for >90 per cent of the last three years.
Metzeler has provided further details about the new Roadtec 02 range that it announced at the start of this year. It presents this successor to the Metzeler Roadtec 01 as “two tyres in one, thanks to innovative DynaTread technology, which adapts the behaviour from sport touring to supersport.”
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