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The latest data might show that 4×4 replacement tyre sales are down 6 per cent, however Tyres & Accessories asked market analysts GfK how past trends compare with current realities and found: 4×4 tyres have been hit by the effects of the Covid-19 pandemic, but far less than most other segments. At the same time, the all-season 4×4 tyre sub-segment witnessed some examples of positive growth.
GRI recently hosted politicians from Sri Lanka’s Presidential Task Force on Economic Revival and Poverty Alleviation. Specifically, national dignitary Basil Rajapaksa made a visit to GRI’s new factory, which purportedly one of the largest specialty tyre plants in Sri Lanka and the first to produce radial agriculture tyres in the country.
Goodyear made its WTCR debut in the Race of Belgium at Circuit Zolder. Goodyear is the exclusive tyre supplier to the global touring car series as of this year. Through its close relationship with promoter Eurosport Events, Goodyear is also an Official Series Partner of WTCR, highlighted through initiatives such as the Goodyear #FollowTheLeader campaign. The single compound Goodyear Eagle F1 SuperSport WTCR race tyre will be used by the entire grid at every race.
The 39th Tire Society Conference on tyre science and technology, which runs from 28 September to 2 October, will be held entirely
virtually for the first time this year, due to the Covid pandemic. However, it will still feature 27 original works of tyre technology presented by the authors and a special topic paper on the 40+ year history of the Tire Society as well as a keynote address, plenary address, invited lecture and panel discussion.
Hankook’s Ventus Race tyre is in action at three major series this weekend. The tyre follows up DTM, Formula Renault Eurocup, and 24H Series powered by Hankook action with events at the Nürburgring and the Circuit de Nevers Magny-Cours. Saturday’s race at the Nürburgring marks the DTM’s halfway point, with Sunday’s second race getting the second half immediately underway. The series lines up on the Grand Prix circuit for the first time for 19 years, including 17 corners and big changes in elevation. Hankook says the resulting compressions place great strain on the construction of the Ventus Race, as do the solid kerbs, which are taken at great speed.
The Yokohama Rubber Co., Ltd. is set to build a new plant at Atchutapuram Industrial Park, Visakhapatnam, Andhra Pradesh, India to expand ATG’s (Alliance Tire Group) tyre production capacity. The new plant will have a daily production capacity of 55 tons (rubber weight), with planned capital investment totalling US$165 million. Construction will start in the third quarter of 2020 and the new plant is scheduled to come on line in the first quarter of 2023.
Having received approval back in June, Qingdao Sentury Tire has successfully completed its Initial Public Offering (IPO) and is now listed on the Shenzhen Stock Exchange (China) as of 11 September 2020. 11 per cent of the company's shares were valued at 1.31 billion yuan (162 million euros; £149.859 million) by investors, resulting in a theoretical total valuation of 1.47 billion euros. The offered shares offered were oversubscribed 2887 times over. But what is the company planning to do with its newly-raised funds?
The Alliance brand has gained a strong position in certain segments of Europe’s agricultural tyre market. Alliance Tire Europe claims a leadership market share of up to 30 per cent for row crop applications and a 20 to 30 per cent share for implement applications. But Alliance’s primary ambition is to break into the tractor segment in a bigger way. In recent months it introduced a couple of products to support this drive.
Michelin and Pirelli are leading the way on tyre and rubber sustainability, according to a recent report from Context Group. Context’s ranking assessed 11 members of the Tire Industry Project (TIP), namely Bridgestone; Continental; Cooper; Goodyear; Hankook; Kumho; Michelin; Pirelli; Sumitomo Rubber; Toyo and Yokohama.
Context analysed the sustainability content on each company’s website to see if it included communications covering some of the main issues associated with the life cycle impacts of tyres, including the four focus areas of the TIP: tyre and road wear particles, sustainable natural rubber, end-of-life tyres and environmental performance. The researchers assessed how well the companies tell their sustainability story by looking at their use of multimedia, news articles and social media.
GRI has upgraded its website (www.gritires.com). Now, according to the company, it features “streamlined navigation and recognizes the farmers, construction workers and forklift operators who move the world.”
Tym International will cease trading from 30 October 2020, effectively winding up the tyre import and wholesale business specialising in Far Eastern-produced and OTR tyres. Writing in a letter dated 8 September, managing director Steve Eke explained “the decision to cease has been forced upon the company by others that control the majority of the shares in the business”. Tyres & Accessories understands that the combination of recent business pressures caused by EU anti-dumping truck tyre tariffs and then coronavirus caused major shareholders to withdraw their investment.
There is no doubt that the all-season tyre segment is one of the fastest-growing in the European market, and it is not difficult to see why; while some countries routinely experience extreme weather conditions in the winter months, much of the continent does not suffer to the same extent. As such, many countries – such as the UK, for example – have never developed a strong winter tyre market.
The majority of industries across the UK have been impacted by the effect of COVID-19 and – with up to 60 per cent of garages closed during lockdown – the tyre industry is no exception. Prevailing market conditions combined with the complexity of the pandemic’s damage means that insurers have reduced their risk exposure and overall capacity. This, combined with newer pressures on the horizon, has provided tyre companies with a rationale for bolstering their risk management measures in order to avoid costly and time-consuming slip-ups down the line. Tyres & Accessories spoke with Ben Harrison, vice president, Marsh Commercial in order to find out more.
The University of Plymouth published government-funded research into what happens to particles released from vehicle tyres back in May. This comparatively recent report – as far as academic research is concerned – was launched with no-small media fanfare amid claims that tyres “could be a significant and previously largely unrecorded source of microplastics in the marine environment”. Be that as it may, the research also highlighted a number of significant knowledge gaps in this field of research.
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