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Nokian Tyres is taking part in a research project that aims to improve the quality and yield of recycled carbon black from end-of-life tyres, with the goal of using this material more extensively in tyre and rubber products. The two-year development project is coordinated by Windspace Group A/S and co-financed by government initiative the Danish Eco-Innovation Program.
Nokian Tyres has initiated work on its Oradea, Romania passenger car tyre factory, billed as the tyre industry’s first zero CO2 emission plant. An event marking the groundbreaking was attended by the Prime Minister of Romania, Nicolae Ciucă. The President of the Bihor County Council, Ilie Bolojan, and other high-level Romanian and Finnish officials also participated along with the chair of Nokian Tyres’s board of directors Jukka Hienonen. The first tyres are estimated to be produced in the second half of 2024. Commercial tyre production is expected to start in early 2025.
Pirelli is the new exclusive tyre partner to the Goodwood Festival of Speed, replacing the five-year agreement with Michelin that concluded in 2022. Amongst other highlights, at this year’s Festival the Italian brand will preview three new P Zero tyres that mark the “imminent renewal of Pirelli’s entire high-end range.”
Prinx is the new flagship brand of Prinx Chengshan Tire Europe and following their public debut at The Tire Cologne in 2022, the market launch of the first Prinx products is imminent. Wholesalers can now order the XNEX Sport and XLAB Comfort, which together are obtainable in a range that covers 45 sizes and 69 articles.
BTL – the business known as Birla Tyres prior to its demerger from Kesoram Industries in 2020 – is insolvent, and two companies are in the running to acquire the tyre maker. One is the Ruia Group, former owner of the Dunlop brand in India.
With 28 years’ experience at Nokian Tyres, Ari Törmä has learned much about how tyres work structurally and what typically gives in. One of the most crucial points he emphasises is the importance of correct tyre pressures.
Following our report naming GB Tyres as the new distributor of Kenda tyres, GB Tyres have confirmed the appointment and added further details. GB Tyres has indeed become UK distributor of Kenda passenger car, SUV, 4×4 and van tyres and the company is said to be “looking forward to an ongoing partnership with the brand”. Specifically, GB Tyres has already accepted delivery of its first Kenda containers and a selection of the range is already available. According to officials, the range of Kenda stock available for immediate delivery will continue to grow over the coming weeks and months.
Although Ferrari says it has “created a whole new segment” with its Purosangue, you’d be forgiven for thinking it an SUV. Whatever this car may be, it is the first ever four-door, four-seater in Ferrari’s history and it comes with a V12 engine that delivers 725hp, sufficient to propel the Purosangue to 60mph in 3.3 seconds and then onwards to around 193mph. The tyres trusted to take care of handling and stopping are Michelin Pilot Sport 5.
The terms of the license agreement signed when the Nokian Tyres operation in Russia changed hands compel the new owner to cease using all trademarks and names belonging to the Finnish tyre maker, except Nordman. The Tatneft-owned business has thus rebranded from Nokian to Ikon Tyres.
The years since 2020 have brought with them more than their fair share of upheaval. However, throughout that period the growth in importance of SUV and 4×4 tyre sales has continued basically unabashed. With that in mind Tyres & Accessories asked the market research specialists at GfK for their view on the latest headline trends in the UK market. However, while this article zeroes in on the UK market, the UK market position as an established leader in the wider European market take-up of SUVs – and therefore SUV tyres – means the trends identified are also relevant across the continental tyre markets.
For years the rise in prominence and market share of high-value and high-margin SUV and 4×4 tyres has continued unabated. During that time the boundaries between cross-over vehicles (CUV), sports utility vehicles (SUV) and 4x4s have been well and truly blurred. Now, with electric drivetrain technology coming to the fore as well, and with some tyre manufacturers making the case for specific electric vehicle-orientated tyres, is a new ultra-high value combined niche emerging? And if so, what does such intersectionality, or perhaps more appropriately since we are talking about tyres cross-sectionality, mean for the wider tyres business?
Car tyre retreading has been a niche activity in recent years, but on 5 April French firm Black Star presented its ‘Leonard’ line-up and announced plans to make a million of these tyres a year. And it isn’t the only tyre company entering this segment, as German retreader Rigdon says it is also planning a retreaded car tyre range of its own.
Nokian Tyres has presented its first quarterly results since the company sold its Russian operations to Tatneft its resultant production gap. In short, first quarter 2023 net sales were 236.4 million euros down 26.8 per cent compare with 322.9 million euros during the same period last year. That meant an operating loss of 18.8 million euros compared with 21.5 million euros of operating profit in the first quarter of 2022.
Nokian Tyres’s well-publicised exit from Russia has left it with a similarly well-reported production gap that continues to impact the company’s ongoing business. Speaking as part of the company’s first quarter 2023 results presentation, Nokian Tyres executives emphasised that “new capacity is our #1 priority” and shared further details of how they are planning to fill the firm’s production gap. We already knew that Nokian plans to expand its existing factories in Nokia, Finland and Dayton, USA as well as build a new factory in Romania and make off-take contracts with third-party manufacturers, what’s new is the detail and time frames associated with “building the new Nokian Tyres”.
In this issue: Cross-sectionality – 4×4 tyres, SUV tyres and electric vehicles For years the rise in prominence and market share of high-value and high-margin SUV and 4×4 tyres has continued unabated. During that time the boundaries between cross-over vehicles (CUV), sports utility vehicles (SUV) and 4x4s have been well and truly blurred. Now, with […]
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