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New Zealand’s first nationwide regulated product stewardship scheme for recycling used tyres is expected to start operating in 2023. The Tyrewise scheme will address the estimated 6.5 million end-of-life tyres (ELTs) generated within the country each year.
Wheel loaders, articulated dump trucks and graders are typically used on major infrastructure projects that have tough cost and timescale targets. After researching operator requirements, Goodyear has introduced a new tyre for these vehicles, GP-3E. It says the increased the operational versatility of its latest tyre generation makes “tyre choice easy for the operator.”
According to Federal Corporation’s 2021 annual report, which was published in mid-May 2022, on 15 October 2021, “major shareholder Nankang Rubber Tire Corp. Ltd. Nankang Rubber Tire Corp., Ltd…called an extraordinary shareholders’ meeting to obtain the management right[s].” Federal and Nankang representatives have been contacted by Tyres & Accessories for comment.
Halfords Group has reported strong full-year 2022 revenue growth of +19.9 per cent compared with 2020. That means total group revenues amounted to £1.369 billion in 2022, of which £368 million came from the autocentres business – an increase of 91.9 per cent compared with 2020. Group gross margin totalled £721.7 million, of which £211.0 million came from Autocentres. Much of the Autocentres-driven growth comes via the acquisitions of Iversons and the Axle Group/National Tyres last year, however life-for-like growth of 23.4 per cent shows that business continues on an organic upward trajectory as well. As a result, Halfords Autocentres gross margin is now growing six-times faster than the group’s wider retail business.
Goodyear’s Eagle F1 Asymmetric 6 was launched in late 2021 with the promise that it would be “ready for anything”. The tyre has certainly impressed in its initial run of independent tyres tests, picking up wins in the Auto Bild, Auto Motor und Sport, and Tyre Reviews tests. But Goodyear’s mission for the tyre has gone beyond its traditional wet and dry performance characteristics; the manufacturer wants to bring this technology to a very wide selection of cars – hence its plan to offer 65 fitments between 17” and 22”, a relatively broad range, by 2023. The tyre and this range is designed to offer fitments for existing growth vehicle types, like SUVs, and future dramatic changes in the market, with a construction making it suitable for the wave of battery electric and hybrid vehicles quickly entering the car parc. In 2021, petrol cars retained a leading 40 per cent share, but battery electric (EV) cars took a record 9 per cent of the European market and hybrid (PHEV and HEV) grew to a significant 20 per cent share, according to ACEA data.
The Giti Tire Motorsport by WS Racing team won the VT2 class and achieved third place in the SP8T class with its all-female racing team at the 50th ADAC TotalEnergies 24hr Nürburgring endurance race. Both vehicles delivered their results on GitiCompete GTR1 tyres. The new BMW M4 GT4 of ‘Girls Only – Ready to Rock the Green Hell’ achieved a magnificent third place in the powerful SP8T after a near seamless weekend of high-octane action which saw the race go the full distance.
ATS Euromaster, which describes itself as a network of “tyre and maintenance centres”, has invested in upskilling technicians so they can work on both hybrid and electric vehicles. Technicians have been trained to IMI standards as part of a phased roll out.
Michelin remains the world’s leading tyre company by sales turnover, but Bridgestone is close behind in one of three close battles distributed across the table. For the first time, our research ranking market-leading global tyre manufacturers in terms of sales turnover converted into euros, illustrates the impact of recent high-profile acquisitions as well as the ongoing disruption of pandemic on the wider market landscape.
Three different cars using Pirelli’s Scorpion gravel tyres took the podium places on Rally Poland, the latest round of the European Rally Championship. The Skoda Fabia of Mikolaj Marczyk led the Hyundai i20 R5 of Tom Kristensson and the Ford Fiesta Rally2 of Ken Torn. Each driver made the most of the reliability of the Pirelli Scorpion. Marczyk took the lead after Hyundai driver Nils Solans – also running Pirelli tyres – encountered problems on SS6, while Kristensson and Torn finished 13 seconds ahead of the fourth-placed crew. Pirelli said the highly variable conditions of the roads in Poland put the Scorpion tyres to a challenging test.
Chinese listed tyre companies have successively released their 2021 annual reports in recent weeks. Here, Tyrepress analyses these annual reports’ comparing developments in revenue, operating conditions and overseas factory strategy. And the short story is Linglong remains the largest tyremaker amongst the top 10 listed Chinese tyre companies and that Sailun is the fastest growing.
Point S Tyre & Autocare, the independent tyre dealer and car maintenance network, has pledged to help independent garages and tyre dealers to futureproof their business. The network says its goal is to grow strategically, working with ambitious members who share the brand’s mission: to build a network of professional, profitable businesses that are equipped to compete in the rapidly evolving automotive market.
Hankook has launched the Ventus iON S, the first summer tyre in a new product range that has been specifically designed for electric vehicles. By taking this approach, the company wants to make a decisive contribution from a tyre choice perspective to advancing the mobility transition towards zero-emission vehicles. The new summer tyre is a pioneer of the new, global “iON” tyre family designed for premium electric vehicles, which will include the Hankook Winter i*cept iON in September 2022.
GfK data shows that the 17” and above UK tyre replacement market continues to offer both increased volume and value. While the 19” and above segment retains the characteristics of specialised fitments, the top two fitments account for more than one-fifth of replacement tyres sized 17-18”.
The European Court of Justice’s (ECJ) judgement that the European Union’s anti-dumping and anti-subsidy tariffs should be annulled has been welcomed by many of those responsible for distributing these products across the continent. Yet for importers of these products in post-Brexit United Kingdom, the truck tyre tariffs introduced by the European Commission appear to be persisting. Speaking to representatives of the Imported Tyre Manufacturers’ Association (ITMA), the association whose members are most directly concerned with these tariffs, Tyres & Accessories now understands that the UK’s Trade Remedies Authority (TRA) does not intend to annul the tariffs since the ECJ’s judgement does not apply legally in the UK, even considering the view that the tariffs were implemented improperly under EC law. It follows that the status quo on these tariffs will be maintained, at least until the TRA reaches tyres in its review of the lengthy list of trade remedies inherited from the UK’s time as a member of the EU. Until such a review takes place, the tariffs will continue to apply until at least November 2023, and UK importers are effectively blocked from joining European colleagues in ending and recouping duties found to be improperly implemented.
On 25 May, Hankook opened the Hankook Technoring, its new proving ground in Taean, South Korea. The new facility is the largest in Asia with an area of 1.26 million square metres and will serve as a state-of-the-art research and development facility for Hankook’s pioneering products.
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