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Saliun Group Europe has introduced several new tyres featuring its EcoPoint3 liquid-phase mixing technology. One of these products is the Sailun Atrezzo 4Seasons Pro, and the manufacturer says that thanks to EcoPoint 3 this tyre “sets new standards.”
In 2022, Sailun’s revenue was 21.9 billion yuan (approximately £2.55 billion; €2.89 billion), a year-on-year increase of 21.69 per cent. Sailun became the first listed Chinese tyre company with revenue exceeding 20 billion yuan. At the same time, the company’s revenue in 2022 surpassed Linglong, becoming the number one listed tyre company in China. During the reporting period, Sailun produced 43.2078 million tyres, sold 43.903 million tyres, and realized a net profit of 1.33 billion yuan (about £150 million; €180 million).
Following the news that the EU introduced new definitive duties against Chinese-produced truck tyres, and the suggestion that a UK investigation is imminent, the UK Trade Remedies Authority (TRA) has initiated “two transition reviews into anti-dumping and countervailing measures on lorry and bus tyres imported from China”.
When Continental first discussed setting up a plant in Russia back in 2011, it spoke of an investment of around 220 million euros. According to sources within Russia, the German company may only recover a fraction of this amount when divesting its local operation to S8 Capital. Moscow-based newspaper Kommersant states that the transaction is valued at 7 to 10 billion roubles, or just 80 million to 114 million euros, a figure in line with the “impaired assets of around 87 million euros” that Continental reported in connection with its business activity in Russia on 8 March 2023.
As of today (2 May 2023) The Yokohama Rubber Co. Ltd. has completed the acquisition of Trelleborg Wheel Systems Holding AB (TWS), the Swedish off-highway tyre (OHT) manufacturer, news of which we broke on 14 December 2021 and was confirmed three months later on 25 March 2022. Following the successful completion of regulatory requirements, the combined business will now be known as Yokohama TWS and Yokohama Rubber’s consolidated accounts will include TWS business from the second quarter of the 2023 financial year.
At its meeting yesterday, the Continental AG Supervisory Board extended the appointment of Nikolai Setzer, the company’s chief executive officer and Executive Board chairman. It also appointed Philipp von Hirschheydt as a new Executive Board member for the Continental Automotive group sector, effective 1 May 2023.
Mitas is extending Touring Force tyre range with 15” sizes which can be used on modern maxi scooters as well as innovative and powerful three-wheelers. Two new sizes, 120/70R15 56V front and 160/60R15 67V rear, will be available on the market from May 2023.
One of Wolverhampton’s oldest garages has joined the First Stop network, gaining new signage, equipment and access to a range of premium tyres along the way. First Stop Wolverhampton in Chapel was formerly part of HiQ.
Benefitting from “premium positioning” in Q1 2023 despite “weak markets” around the world, Michelin increased its consolidated sales 7.4% year-on-year, to 6.96 billion euros. Tyre volumes, on the other hand, were down 6.6%. Michelin confirms its 2023 full-year guidance.
During my regular routine of social media maintenance, I came across the following post on the @Tyrepress Twitter feed from Fast Ford, Mini Magazine and Total BMW editor, Daniel Bevis: “I defy you to find a more wretched tyre than a 7-year-old Luckyland Happygalop.” Now, to make it clear, Bevis was very much stating his personal, subjective opinion both in relation to that particularly floridly-named brand’s quality and in his specific choice of adjectives. However, since he raised that especially vocal opinion, there are at least two broader points to be made. Firstly, consumers have never been more empowered to research their purchases pre-sale and then air their views relating to tyres. And secondly, the ongoing proliferation of brands in the market makes the ability to discern quality and understand each brand’s provenance as important as ever.
Future visitors to the Nürburgring Nordschleife will see 87 metres of Nankang branding in the ‘Breidscheid’ area. The Taiwanese tyre maker has initially signed up as an advertising partner at the Nürburgring until the end of 2025.
On 2 May, Continental will drive the first mile of a two-year journey that will bring its portfolio of truck tyres and services to fleet customers throughout Europe. By the time the Continental European Roadshow draws to a close in 2025, it will have covered more than 9,000 miles and visited 35 countries.
A couple of weeks after Apollo Tyres unveiled car tyres containing 75% sustainable materials, JK Tyre & Industries has seen Apollo’s 75 and raised it 5. The company has produced a passenger car radial with 80% recycled and renewable materials – and says it will offer such a range “in due course.”
Manufacturer association ETRMA reports that its members experienced a “significant drop” in replacement market sales demand during Q1 2023. Compared to Q1 2022, sales within the replacement consumer tyre segment declined 12% and replacement truck and bus tyre market sales demand shrank by 18%. While sales of moto tyres were just 3% below the prior year figure, agricultural tyre sales were 39% lower.
To support the digitalisation of tyre solutions, production processes and business workflows at Continental Tires around the world, the company has assembled a team of IT and related specialists at a new facility in Portugal. This Solution Center is located near the Continental tyre plant in Lousado and employs around 80 people, with plans already in place to double the workforce by 2026.
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