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Samson Agro and Apollo Tyres have completed an in-depth tyre test in Denmark to explore ways to enhance the efficiency of organic fertiliser handling. This collaborative study examined five different sizes of Vredestein slurry tanker tyre, evaluating their impact on fuel consumption, soil compaction, and overall performance in both field and road conditions.
Synthetic rubber producer Synthos has signed a Memorandum of Understanding (MOU) with Sumitomo Rubber Industries (SRI), manufacturer of the Falken tyre brand and Dunlop tyres for many markets outside Europe. Under the terms of this MoU, the partners will promote the development and use of high-performance rubber powders for the production of sustainable tyres.
Some 180 days after signing a memorandum of understanding with Hahn & Company in May, on 31 October Hankook & Company Group (formerly Hankook Tire Group) entered into share purchase agreements for the acquisition of Hanon Systems Co. Ltd. The company has executed the acquisition through its core business, Hankook Tire & Technology (Hankook Tire), and now holds a 54.77 per cent stake in Hanon Systems.
Polish waste tyre recycler Recykl Group says it increased the scale of its operations in the nine months to 30 September 2024, and during the final month of this period concluded due diligence processes regarding potential acquisitions in Germany and Lithuania. The company is currently analysing the results to prepare for possible transaction agreements, with Recykl’s Management Board anticipating reaching a decision by the end of the year.
Tyre manufacturers are likely to see revenue growth of between 7 and 8 per cent this financial year, according to Crisil Rating data. The sales growth has reportedly been driven by a 3 to 4 per cent increase in both “realisations and volume”. Revenue will grow at “a single digit for the second straight year (albeit nearly double that of last fiscal)”, according to the analysts, who added that the results come in the context of growth “at a compound annual growth rate of 21 per cent between fiscals 2021 and 2023”.
It may be behind schedule, but Bolder Industries is pressing ahead with plans to set up a pyrolysis facility in Antwerp for obtaining raw materials from end-of-life-tyres, and its efforts have been given a boost in the form of a 32 million euro grant by the European Commission through the EU Innovation Fund pilot programme. This is further supplemented by a 2 million euro grant from Belgium’s Flanders region. The funding will enable the construction of Bolder’s European facility at the Port of Antwerp, a plant capable of recycling over four million end-of-life tyres annually.
For the first three quarters of 2024, The Yokohama Rubber Co. Ltd. reported sales revenue of ¥782,906 million (+13.1% year-on-year), and business and operating profit of ¥85,772 million (+63.8% YoY). Tire segment sales revenue totalled ¥701,243 million (+14.4% YoY), accounting for 89.6 per cent of Yokohama Rubber Group’s consolidated sales revenue.
In addition to supplying EcoContact 6 Q tyres for factory fitment on the BYD Seal, Continental tyres are original equipment on the BYD Seal U. The electric SUV is available with Continental PremiumContact C – the ‘C’ standing for ‘Comfort’ – in size 235/50 R19 99V. According to Continental, this OE supply arrangement applies in “numerous countries” where the Seal U is sold.
Brisa, the joint venture company of Bridgestone Corporation and Turkey’s Sabanci Holding operates plants in Izmit and Aksaray / Turkey and produces PSR, LT, TBR, AG and OTR group tyres under Bridgestone and Lassa brands. The Brisa footprint also includes an R&D center that delivers more than 100 new products a year. One of these is the Revola, a summer comfort tyre that is already leading the Lassa summer PSR line up.
After more than seven decades in operation, the Yokohama Rubber Co. Ltd. (YRC) plant in Hadera, Israel will stop producing tyres by the end of this year. The tyre maker announced today that it will cease operations at the former Alliance Tire Group (ATG) facility as it is becoming increasingly uncompetitive against plants in the Asia region.
A recent study conducted by Select Van Leasing into the annual UK MOT vehicle check-up shows that more than a third of vans and pick-ups submitted for an MOT in the past year failed their initial test. Around 36 per cent of light commercial vehicles failed their initial test in a 12-month period between 2023 and 2024. That’s significantly higher than the 28 per cent initial failure rate recorded by the DVSA (Driver and Vehicle Standards Agency) for cars, passenger vehicles and vans as a whole between 2023 and 2024. In the tyre segment, it is interesting to note that the MOT failure rate of vans due to tyres with tread below the legal limit at 17 per cent is below that suffered by UK vehicle MOT tests as a whole (circa 26 per cent), suggesting that UK van operators are generally better at checking and maintaining their rubber than the average motorist.
Tyres & Accessories’ monthly News in Numbers column identifies the most important statistics of the month, giving you a quick snapshot of some major industry stories. Below, we look at the numbers, big and small, that made the news in the November 2024 magazine. Click the embedded links to read more on each article... 3% - The year-on-year growth in consumer (passenger car and light truck), agricultural and powered two-wheeler tyre units sold in the EU27+UK bloc by European Tyre and Rubber Manufacturers’ Association (ETRMA) members in the first nine months of 2024 versus the same period in 2023…
Pirelli has debuted the third in its series of six Formula One vodcasts, featuring the biggest names in the series and presenter Tom Clarkson. The episode, entitled ‘Commitment’, features Charles Leclerc talking about the opportunity to go head-to-head with Lewis Hamilton on equal terms as team-mates at Ferrari in the 2025 season. The episode also features interviews with Mohammed Ben Sulayem, president of the FIA (International Automobile Federation), and Pirelli director of motorsport, Mario Isola.
Nacka-Värmdö Däckdepå is the latest to join the Circular Tire Services (CTS) Nordic tyre distributors group. Nacka-Värmdö Däckdepå sells tyres and rims as well as running a tyre hotel for both passenger cars and heavy vehicles.
Halfords is the most prominent brand within the UK cycling sector for 2024, according to a new report. Salience Search Marketing analysed 11 performance indicators, including year-on-year visibility, search volume trends, and brand awareness, for cycling companies to reveal the industry’s most successful names.
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