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Watling Tyres, which has been growing in recent years, has been restructured in moves that sees the directors take over 100 per cent of the company. The firm had previously been 49 per cent owned by universal. Watling Tyres was ranked 19th on Tyres & Accessories’2017 leading UK tyre retailers ranking.
Trelleborg has announced it will launch a smart wheel “designed to produce more, with less” at next month’s Agritechnica trade fair. Called ConnecTire, the new product is a sensor-based smart wheel that enables data sharing at multiple levels, reducing the risk of tyre slippage on the rim. It allows farmers to leverage the Internet of Things for safer and more efficient operations.
Reporting its performance during the third quarter of 2017 and the first nine months of the current financial year, Michelin has announced net sales of 5.34 billion euros for the three months to 30 September 2017. This result represents a 3.0 per cent year-on-year increase in net sales and includes a favourable 5.0 per cent price-mix effect and 1.0 per cent growth in volumes.
Tyre fitting has been added to the range of services offered by eBay Motors in the USA. As of this week, shoppers in the US who purchase tyres on eBay can opt to have them shipped to a local installation location at no additional cost. Installation can currently be performed at 9,000 sites across the country, and eBay says tyre inventory spans across all major brands.
Yesterday, the High Level Group (HLG) GEAR 2030 issued its report on the competitiveness and sustainable growth of the automotive industry in the EU and offered recommendations on how the automotive industry can anticipate and adapt to current trends, specifically identifying two fields – zero emission and zero emission-capable vehicles (ZEVs and ZECs), as well as connected and automated driving (CAD). The European Tyre and Rubber Manufacturers’ Association (ETRMA) welcomes the adoption of the HLG report; in a statement, the association shares that it views the reports as constituting “a stepping stone for all stakeholders.”
With the weather getting colder, some motorists are now changing over to Winter tyres, meaning a considerable amount of TPMS sensor valves will require servicing. This creates the opportunity to bring in more business for garages and servicing centres – and as more and more new cars on the road are fitted with TPMS, this number is increasing every year.
New Kenda Group company STARCO will introduce two new tyre and wheel solutions to the market at next month’s Agritechnica trade show. The first is described as a reinvention of the haytedder wheel, while the second is a flotation solution for agricultural equipment.
This year specialist private equity firm Bain Capital has been busy making strategic acquisitions in the European tyre wholesale and retail sectors. First off the company bought Italian tyre wholesaler Fintyre from previous owners Bluegem Capital back in March. Then at the end of June the firm added the German Reiff operation to its portfolio, an acquisition that was subsequently approved by the EC in August. Tyres & Accessories recently interviewed Ivano Sessa, one of Bain Capital Private Equity’s managing directors, and learnt that there are plans for further mergers and acquisitions with a view to creating a “larger tyre distribution group across Europe”.
Dunlop has received motorcycle manufacturer KTM’s Supplier Quality Excellence Award. The Austrian manufacturer rated Dunlop as an A+ supplier for the perfect supply of motorcycle tyres in 2016. Dunlop states that KTM is currently the fastest growing motorcycle manufacturer in the world.
A grand opening ceremony has been held for Hankook Tire’s newest plant. The facility, located in Clarksville, Tennessee, is the tyre maker’s first manufacturing site in the United States and the eighth Hankook Tire factory worldwide. The opening ceremony was attended by Tennessee Governor Bill Haslam, United States Representative Marsha Blackburn, Korean Consul General Seong-jin Kim, along with many other prominent state and local officials.
Yokohama stated that it was “honoured” to secure the NTDA Marketing Campaign of the Year Award 2017. In its award-winning campaign, the manufacturer utilised its partnership with Chelsea Football Club to generate high-profile awareness of tyre safety issues, creating a powerful call to action encouraging football fans to check their tyres and travel safely.
Continental winter tyres have already claimed two test victories this autumn – the WinterContact TS860 took top spot in ADAC and Auto Bild tests, while the WinterContact TS850 P was voted top by Auto Motor und sport. The latter of these has now achieved a second win, in the test that will appear in the issue of Auto Bild Sportscars (11/2017) due to be released tomorrow. The victory was a shared one, however, with the Michelin Pilot Alpin PA4 named joint winner.
When Sydney Stapleton set up his business in a simple shop parade at 195 High Street, Watford in 1937 he was one of a number of businessmen taking advantage of the growing market for tyres. Growing his business through the 1950s and ‘60s, his personal renown as one of the industry’s most dynamic characters and an entrepreneur of considerable foresight followed. The location of its headquarters in the vicinity of the M1 is testament to this – in the 1960s Stapleton’s supplied replacement earthmover tyres used to build the Watford-Milton Keynes stretch of the motorway.
The 15th edition of the China International Tire Expo (CITExpo), and its second at the Shanghai World Expo Exhibition & Convention Center, opened its two-hall, 40,000sqm exhibition space at a time of uncertainty for the Chinese tyre industry – especially the aspirational medium and small sized companies the show tends to attract as exhibitors. Two factors that promise to change the shape of the industry provided a backdrop for the show: in Europe, the European Commission announced its intention to initiate an anti-dumping proceeding focusing on imports of truck and bus tyres originating in the People’s Republic, prompted by the “coalition against unfair tyres imports,” a group representing the interests of manufacturers accounting for more than 45 per cent of all new and retreaded truck and bus tyre production in the European Union. Meanwhile in China, the government’s crackdown on certain factories for environmental reasons looks likely to affect some tyre manufacturers’ pricing structure at best, and ability to continue to operate at worst. Tyres & Accessories spoke to one representative who suggested that some factories could struggle to meet demands as the availability of raw materials for tyre production is affected by the state mandated closures.
Capacity at Michelin’s factory in Chennai, India will more than double to 30,000 tonnes a year by the end of 2018. Work has already begun on increasing truck tyre capacity at the Thervoy Kandigai plant, which currently makes 70 per cent of the commercial tyres Michelin sells in India, and the intention is for the plant to meet all Indian market demand for these products with tyres within two years. This expansion will be accompanied by an increase in the plant’s workforce from around 850 to approximately 1,000.
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