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15366 search results for: eco tyres

5386

Chinese tyre import share rises above 50% in declining European market

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China accounted for more than half of all passenger car and light truck (PCLT) tyres entering the European Union and the United Kingdom for the first time during the first eight months of 2020. Comparatively, the then 28 EU nations imported 105 million passenger car and light truck (PCLT) tyres from outside the region in the same period of 2019.* The major impact on tyre demand of the coronavirus pandemic, as well as varying degrees of disrupted production, led to the EU-27 and UK together importing 21 million fewer tyres in the corresponding period of 2020, a reduction of 20 per cent. The Eurostat and HMRC data was compiled by leading data analyst Astutus Research.

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5387

Strong Q3 performance – Michelin revises 2020 guidance upward

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Good news in a year where this has been in short supply: Michelin reports that global demand for its tyres “picked up more strongly than expected” in the third quarter of 2020 after falling steeply in the second quarter. That said, demand is still below where it was this time last year.

5388

E-Cube UK roll-out scheduled for Q1 2021

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With mobile tyre fitment take-up increasing since the pandemic, E-Cube equipment is aiming to become an “essential part of a tyre retailers services in the UK and Europe”. However, while things have been developing positively with the E-Cube in general, the coronavirus pandemic has is said to have “temporarily delayed” manufacturer TMG’s intention to fully launch E-Cube into the UK tyre market. Nevertheless, the final preparations regarding the distribution and servicing of the unit are being made now with a view to an early 2021 launch.

5389

Michelin accused of Indonesia natural rubber deforestation “cover-up”

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Campaign group Mighty Earth has published a report alleging that Michelin “covered up industrial-scale deforestation of over 2,500 hectares of rainforest in the run-up to the launch of its flagship ‘eco-friendly’ sustainable natural rubber joint venture project in Sumatra, Indonesia”. The project is currently seeking an additional $120 million in investment from green financiers. Michelin’s joint-venture Indonesia natural rubber project Royal Lestari Utama (RLU) robustly denied the allegations.

5390

A Layered Journey – Bridgestone’s new rubber sustainability campaign

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Bridgestone has announced a new campaign that invites its partners to participate in building a stronger society. Called ‘A Layered Journey’, the campaign highlights the ways Bridgestone is incorporating sustainability in its value chain with a focus upon its commitment to sustainable procurement of natural rubber.

5391

EV growth demands alternative tyre servicing solution

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While sales of eco-friendly electric and hybrid cars have been slowly accelerating for a number of years, figures released by the Society of Motor Manufacturers and Traders (SMMT) show that for the first time ever, sales of new electric and hybrid cars recently overtook that of diesels for the first time ever. Although we’re probably still some time away from the real tipping point of mass adoption of electric vehicles in the UK, workshops are being advised that they need to prepare for this now, as they will only see more and more EVs and hybrids coming through their doors.

5392

Yokohama’s Prometeon bid: Delayed by Covid, but nearing completion

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Yokohama’s Prometeon bid: Delayed by Covid, but nearing completion

Today Yokohama announced that it is consolidating its OTR tyre businesses into Yokohama Off-Highway Tires, which could be read as a prelude to the announcement Yokohama’s bid for the Prometeon tyre business. Roughly a year after the story broke, Yokohama’s bid for Prometeon isn’t the best kept secret in the tyre industry. Tyres & Accessories first heard talk of Yokohama’s bid for the ex-Pirelli industrial and commercial vehicle tyre business back in July 2019. The news was reported world-wide after we broke the story in September 2019, followed days later by third-party confirmation from the Chinese side of the deal. At that time, the deal was set to go public by the end of 2019. A few months later at the start of 2020, the timeframe switched to an end-of-first-quarter 2020 deadline. Then the coronavirus pandemic happened. And in the months that have followed things have gone quiet. So, where is Yokohama’s bid for Prometeon up to? The latest news is that deal is still on-track, but that there have been a few changes along the way. Here, Tyres & Accessories brings an update on the status of the acquisition and offers a different view on the deal by looking at it from a South American perspective.

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5393

Yokohama consolidates OTR tyre businesses into Yokohama Off-Highway Tires

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The Yokohama Rubber Co. Ltd. is consolidating its various off-highway businesses into a single entity. The new division – Yokohama Off-Highway Tires – will include Alliance Tire Group (ATG), which Yokohama bought four years ago and Yokohama’s off-the-road (OTR) tyre businesses across the globe. The move can also be interpreted as a prelude to the announcement of the result of Yokohama’s bid for the Prometeon tyre business, talks about which got underway last year.

5394

Mr Tyre makes it 35 with Ashton tyre retail centre

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Mr Tyres has opened a new branch in Aston-under-Lyne, Greater Manchester. With the additional of the Ashton-under-Lyne centre, Mr Tyre now has a total of 35 locations across the Midlands and North West of England.

5397

Vipal Machinery sales growing in the USA

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Vipal Machinery is reporting growing sales in the USA, having sold five machines so far this year in the world’s largest tyre retreading market. According to the company, four major North American retreaders acquired the five pieces of machinery including Pete’s Road Services based in Corona, California.

5398

Falken Tire takes pole position in 2020 global social media ranking

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As Tyres & Accessories annual global social media ranking enters its seventh edition, this year there is a new winner. Last year’s champion, Pirelli, has fallen two places to third position. At the same time, Sumitomo Rubber Industries’ Falken brand rose an impressive eight positions to take the top spot. And Pirelli wasn’t the only well-known name to downshift, with two other brands taking retrograde steps. At the same time, in a reflection of what has taken place in the UK-only ranking, the top 10 has a new entry, with previously 10th-ranked MRF being overtaken by another large Indian tyremaker.

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5399

Online tyre prices went up as lockdown bit

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In October’s magazine, Tyres & Accessories takes a closer look at the latest developments in the multifaceted online tyre business. This article specifically looks at online tyre buying and pricing in conjunction with tyre pricing and selling-way data specialists Encircle Marketing. However, this is just one dimension in the online tyre business. In addition to online tyre retail, there is also the question of online marketing, an area in which social networks are playing an increasing important role (see separate article for further details). And on top of this, there is the electronic infrastructure necessary for the tyre business to participate – beginning with increasingly smart web sites and going onto integrated pricing and marketing tools.

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5400

Michelin tops 2020 UK social media ranking, Davanti enters top 10

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For the fourth year in a row, Michelin can be found at the top of Tyres & Accessories’ 2020 UK social media ranking. Indeed, such is Michelin’s dominance in the annual table, only Goodyear (in 2012) and Dunlop (in 2016) have done enough to overtake the UK arm of the French tyre brand since our research began in 2011. In both cases, Michelin still managed to take second place.

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