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This weekend’s 89th edition of the 24 Hours of Le Mans is not only the most prestigious endurance race on the planet, but a crucial event for Goodyear. After becoming the exclusive tyre supplier to the LMP2 class racing on the European and global stage, Goodyear is preparing for a large-scale operation to support 26 cars.
Locally harvested natural rubber is the key raw material that Sri Lankan tyre maker GRI Tires utilises. It thus views natural rubber farmers as important stakeholders in the ‘GRI ecosystem’. This is an ecosystem that “focuses on sustainability and aims to inspire the farming communities by recognising their work as well as providing knowledge and skills for their development and optimising the yields from their natural rubber farms.”
Davanti Tyres-backed Dan Zelos has stretched his lead in the Mini Challenge 2021 season with a double victory. At Scotland’s Knockhill Circuit, Zelos was fired up and looking to avenge last week’s outing at Oulton Park – where he was denied a deserved triumph following a red flag stoppage.
Team Razoon made its mark on Hankook race tyres as the Histo Cup got underway with the Ravenol Endurance Sunset Race on Friday. 25 teams competed for an hour in temperatures of 36 degrees Celsius and high humidity on the 5.922km Slovakiaring. The race finished with all three of the Austrian team’s KTM X-Bow Rs on the podium in its first one-two-three result in a Histo Cup endurance race. Michael Bräutigam and his partner, team director Dominik Olbert, drove their Hankook-branded car with car number 819 into second place.
Continental Tyres is predicting “huge rises” in demand for MOTs this autumn, as more than five million additional tests are due for annual renewal in the second half of 2021. This huge increase in demand comes as millions of tests postponed in 2020, due to Covid-19, come up for renewal from September 2021 onwards, putting pressure on workshops to meet this additional demand. As well as the short-term strain on the UK aftermarket, the creation of a new ‘MOT season’ from September to December is likely to have a more profound long-term impact on the market.
The latest MOT test data released by the Driver and Vehicle Standards Agency (DVSA) shows that test volumes recovered strongly between April and June of this year, in stark contrast with the disruption caused by last year’s MOT extension. The DVSA data, obtained by BookMyGarage.com through a Freedom of Information (FOI) request, shows 45 per cent more MOTs took place in the second quarter of 2021 than in the second quarter 2020. However, test numbers were still down 32 per cent compared to the same period in 2019.
The Yokohama Rubber Co., Ltd. could phone up the team at Guinness World Records, were it so inclined. Each and every one of the company’s earnings figures for the six months to 30 June 2021 were the highest ever for the first half of a fiscal year.
Continental Tyre South Africa (CTSA) has appointed a new senior management team for its tyre manufacturing plant in Gqeberha (formerly Port Elizabeth). The appointment comes as Continental gears up to increase the site’s role as a supplier of light commercial vehicle tyres to global markets.
With forecasters predicting an improvement in the weather, and possibly even a heatwave in late August, many of those yet to begin their UK staycation will be looking forward to setting off for family time away. However, a study conducted on behalf of Kwik Fit shows that most drivers are not making the necessary checks to ensure their journey is trouble free. It reveals that only 32 per cent of drivers setting off on a family holiday adjusts their tyre pressure to allow for the extra weight of a full load. To combat avoidable safety and efficiency issues, Kwik Fit has recruited SAS star Mark ‘Billy’ Billingham.
A new commercial trailer tyre has joined the Nokian Hakka Truck range. With the launch of the Hakka Truck Trailer, Nokian Heavy Tyres now offers an all-weather fitment for every axle position.
With an additional investment of US$171 million, Yokohama Rubber Co., Ltd. intends to more than double the production capacity for off-highway tyres at its Visakhapatnam plant in India. The new plant is scheduled to begin operations in the first quarter of 2023 with a planned daily production capacity of 55 tonnes; this extra investment will lift daily capacity to 123 tonnes during a second project stage, which is scheduled to start in the first quarter of 2024.
Goodyear has increased operating income considerably in the second quarter of 2021, thanks in part to its merger with Cooper Tire, completed on 7 June. Net income totalled $67 million (£48.45 million at today’s exchange rate $1.00 = £0.72) versus a loss of $696 million (£503 million). Second-quarter sales were $4 billion (£2.89 billion), a rise of 86 per cent versus the second quarter of 2020, which was heavily affected by the Covid-19 pandemic. In the year to date, Goodyear has sold 40 per cent more tyres than in the same period of 2020, with both replacement tyres (41 per cent) and original equipment tyres (39 per cent) assisting in this rise. Cooper sales between the merger completion date and 30 June (the end of the second quarter) totalled $256 million (£185 million). This figure excludes calculations relating to Cooper inventory and assets.
Following the publication of stronger than expected second-quarter 2021 financial results that returned the bottom line to profitability despite pandemic- and seismic-rubber-related headwinds, Toyo published a statement ramping up its full-year 2021 estimates. See accompanying table (below) for further details.
CAM is celebrating its 40th anniversary this month by committing to continue investment £1.5 million of investment a year in research and development design to “keep the tyre industry connected” and help “amplify its growth into the future”.
Since its inception in 1981 by founders Trevor Allen and Len Miller, CAM has expanded to be the primary tyre solutions provider for 19 of the UK’s top 25 tyre wholesalers, and 16 of the UK’s top 25 tyre retailers have chosen CAM products to manage their tyre systems.
The UK light commercial vehicle tyre market had a relatively dynamic year in 2020, with value and volume changes in certain sub-segments driven by an increase in higher rim diameter tyre sizes, as well as increased demand for all-season – and even winter – performance. According to GfK panelmarket data, which tracks points of sale, comparing the calendar year 2020 to 2019, these growth subsegments supported a 2020 light commercial vehicle tyre market value change across all rim sizes of 0 per cent, while volume was down only -2 per cent. While LCV operators were not entirely immune to the effects of the Covid-19 pandemic and its attendant lockdowns, these figures show how the essential services supported by van operators, such as last mile delivery resulting from booming e-commerce, allowed LCV tyres to achieve results within touching distance of pre-pandemic norms.
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