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Continental has begun volume production of its “most sustainable series tyre to date” at its plant in Lousado, Portugal. The Continental UltraContact NXT contains up to 65 per cent renewable, recycled and mass balance certified materials, and at the same time achieves an EU tyre label AAA rating with the best possible values for wet grip, rolling resistance and exterior noise.
While the all-season tyre market in the UK has started its ascent from a low base, it remains the fastest growing consumer car tyre segment. The trend has been supported by the last five years of manufacturers’ all-season product development, which have reduced the compromises involved in fitting a tyre capable of performing well in moderate winter weather conditions all year round. Leading independent UK tyre wholesaler Micheldever Tyre Services (MTS) has been strengthening its all-season range with exclusive brands, including the new all-season tyres from its owner Sumitomo Rubber Industries’ global flagship brand Falken and long-term MTS partner GT Radial, the recent addition of Turkish brand Petlas to its line-up, and further product additions from brands such as Runway and Ovation. MTS wholesale director Graham Mitchell tells Tyres & Accessories about how the wholesaler views the all-season (and winter) tyre segment in the UK, as well as the company’s plans to support its dealer network with the increased interest in these adaptable products.
ATS Euromaster says it has seen a significant 216 per cent uplift in the requirement for Class 7 MOTs compared with 2020 as fleet managers adapt to longer commercial vehicle life cycles. With the squeeze on new commercial vehicle availability as a result of the war in Ukraine combined with the shortage of semiconductors since 2020, fleet managers have been adapting fleet lifecycles by making their vans work longer before replacement. The Association of Fleet Professionals recently reported that its members were seeing extensions that ranged five to eight years before replacement. As a result, fleet managers are needing to adapt their management of Service, Maintenance and Repair spend and manage MOT requirements.
In spite of weaker volumes in H1 2023, thanks to improved price/mix Pirelli grew its revenues 7.5% YoY, to 3,437.5 million euros. Organic revenue growth was 10.4%. Price/mix increased 12.5% in H1 2023, supported by price increases to counter the growing inflation of production factors.
Hankook Tire & Technology reports increasing its revenue and operating profit in Q2 2023 despite a difficult business environment. Revenues were up 11 per cent year-on-year to KRW 2.2634 trillion (£1.37 billion, US$1.77 million), and operating profit jumped 41.6 per cent to KRW 248.2 billion (£150.41 million, $194.0 million). At 11.0 per cent, operating margin was 2.4 percentage points higher than in Q2 2022.
Aberdeen-based haulier Dyce Carriers is to move its 100-strong fleet of HGVs and trailers to Michelin’s X Multi range of tyres. The tyres will be fitted by independent tyre dealer Redpath Tyres over the next year’s transition period. The company has conducted a two-year trial on Michelin’s truck tyre range. The trial showed mileage and performance improvements compared with its existing tyre policy, Dyce stated.
Giti Tire has launched its Mercury fleet management programme. The programme offers online real-time reporting across all core operational areas. Giti plans to offer Mercury as a value-added service to all truck and bus customers contracted to the brand. Giti is also introducing its Retorque App, designed to give fleet managers visibility that their retorque policy is being followed in real time. The software was soft-launched with several UK-based key fleet customers last September, the company adds. The launch is designed to allow Giti, a mid-market player, to offer services that are now common amongst premium fleet tyre suppliers and partners.
The Bridgestone passenger/light truck tyre manufacturing facility in Wilson, USA has earned International Sustainability and Carbon Certification (ISCC) PLUS recognition for its transparency and traceability of sustainable raw materials. It is the second Bridgestone tyre manufacturing facility in the country to gain this certification
Official data for June 2023 shows that China’s tyre makers exported 56.69 million tyres during the month, a year-on-year increase of 16.7 per cent. These products had an export value of approximately 13.737 billion yuan (£1.49 billion, US$1.92 billion) and were thus 24 per cent more valuable than the tyres exported in June 2022.
Prinx Chengshan announced its operating conditions in the first half of 2023. The tyre company said that its net profit in the first half of the year was between 285 million yuan (about £31 million; €36 million) and 333 million yuan (about £36 million; €42 million), an increase of about 80-110 per cent over the same period in 2022.
The open letter that Elliott Investment Management L.P. sent to The Goodyear Tire & Rubber Company on 11 May 2023 was met with a promise to review the shareholder’s recommendations, which included the initiation of an operational review and the appointment of “five new highly qualified independent directors.” While Goodyear hasn’t met this wish list in its entirety, today the company announced three additions to its Board of Directors in connection with a cooperation agreement with Elliott.
Marangoni S.p.A. and Ceat Limited have entered into a strategic partnership to provide tyre retreading solutions in the Indian market. By combining Ceat’s tyre casings with Marangoni’s retreading technology, the two firms intend to provide customers with “an optimum solution that offers extended tyre life, superior performance, and cost-effectiveness.” Ceat and Marangoni also view the partnership as a means of expanding their franchisee networks.
Earlier this month, European broadcaster Arte screened a documentary about a series of accidents involving heavy trucks. Titled ‘Sophie Rollet Takes On Goodyear’, the French documentary looks at the possible connection between these accidents and tyre failure. It is available to watch with English subtitles in the Arte archive.
Iori Suzuki will retire as chairman, president and chief executive officer of Toyo Tire Holdings of Americas Inc. (TTHA) on 31 July 2023, and two will fill the roles he vacates the following day. Tatsuo Mitsuhata is to become chairman and chief executive officer of TTHA, and Nobuo Yoshida has been named the business’s president and chief operating officer.
Mark Ferner, Bridgestone Retail Operations (BSRO) senior manager, technical operations will become chair of the Tire Industry Association’s Electric Vehicle Advisory Council (EVAC) on 1 August. He takes over from Big O Tires and Grease Monkey franchisee and former TIA Board member Ron Lautzenheiser, the original council leader since its foundation in June 2022. Lautzenheiser will continue to serve the council as a member.
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