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Target Tyres in Sowerby Bridge is reporting increased business in its first year as a Landsail key dealer. An independent tyre company, Target Tyres specialise in a full range of car, SUV and van tyres.
As winter tyre specialists Target Tyres were also attracted by the Landsail winter tyre range. Target’s exclusive Winter Tyres Club offers customers who buy winter tyres from them free storage for their seasonal tyres, discounted re-fitting and fitting reminders.
India’s MRF Limited reports that its year-on-year net profit almost doubled in the three months to 31 March 2015. Net profit during the period amounted to Rs 3,326 million (£34.4 million), up 94.6 per cent on the Rs 1,709 million (£17.7 million) earned in the first three months of 2014. This huge jump in profit was achieved in spite of hefty competition from imported Chinese tyres, and was facilitated by much lower natural rubber prices – Mumbai-based stock and wealth trading company Angel Broking reports that MRF’s raw material costs declined from 65.7 per cent of sales in the second quarter of calendar year 2014 to 57.4 per cent of sales in the reporting period. Net income of Rs 33,120 million (£342.7 million) for the quarter was only 0.4 per cent higher than a year ago.
The centrepiece of the North American Tire & Retread Expo was the inaugural Miss Retread Truck Tire Contest, won by Industrias Del Neumaticos of Alicante, Spain. The winning company was awarded $5,000 along with a trophy. 22 retread tires were entered in the contest.
Following the opening of a tyre research and development centre at the site of its factory in Hefei, China, Continental says it will be able to more quickly and efficiently develop new generations of summer and winter tyres for the Chinese market. The centre, which was erected with an investment of more than €4 million, opened at the end of March.
It’s only a month until the first tyres in the new Davanti range are shown to the public at Autopromotec in Bologna, and Liverpool-based creative agency Liquid has expressed the pride it feels in presenting the brand to consumers. Liquid says it has been involved in every aspect of developing the brand – the agency was responsible for generating the name Davanti, designing the logo and developing all marketing and advertising materials. It has also worked with traditional and social media to elevate brand recognition.
While many of the names of the top 20 tyre retail chains will be familiar, the last year has seen the continuation of a number of so-called right-sizing and redistribution trends, especially at the bottom end of the top 15 between places (positions 11 – 15). At the same time, one or two medium sized retailers have grown significantly since the last survey, resulting in greater influence from this part of the market. At the same time as this, the total number of branches controlled by the top 20 chains continues to grow – pushing the balance of power further in the direction of those retail multiples.
A positive 9.7 per cent currency effect due to euro weakness helped Michelin achieve 5.6 per cent year-on-year growth in net sales in the first quarter of 2015, even though a 5.1 per cent worsening in price mix whittled €245 million from this top line result. Net sales for the three-month period amounted to €5.02 billion. Overall sales volumes rose 1.5 per cent, performance described by Michelin CFO Marc Henry as “faster than market growth.” He added that this performance was “in line” with declining B2B markets for truck and specialty tyres, and showed faster growth than B2C passenger car and light commercial tyre markets.
Vipal Rubber recently conducted a training session with the team from Nas Tyres Services Ltd (NTS), the company’s partner in Tanzania, East Africa. The event took place at the retreader’s headquarters in the city of Dar es Salaam, the country’s economic and political capital.
Pirelli has published its 2014 Annual Report. The 389 page tome, which can be downloaded from Tyrepress.com’s company profiles section, contains details of Pirelli’s production and financial performance, along with the tyre maker’s priorities for 2015 and other specific areas of interest.
The Z tyre brand has held a co-ordinated countrywide launch in South Africa in association with Tyrecor, its distribution partner. Taking place in three different locations showcasing the country’s diversity to accommodate the maximum number of tyre dealers, the main event was held at the Emperor’s Palace in Johannesburg, hosted by Harjeev Kandhari, CEO of Tyrecor and Zenises, global distributor of the Z brand. The two supplementary official launch events were also hosted by Tyrecor at the Oyster Box in Durban and the Taj Hotel in Cape Town.
Pets at Home has signed a new contract with ATS Euromaster. The tyre management firm will seek to provide longer tyre life and greater visibility of running costs, handling all aspects of Pets at Home’s tyre management. This follows a comprehensive tyre audit carried out by ATS Euromaster across the customer’s truck and trailer assets, which identified opportunities to reduce operating costs and improve tyre life, safety and uptime.
Landsail tyres is going drifting with Wayne Keeber, a contender for the 2015 British Drift Championship title. Joining the likes of Maxxis, Lassa and Falken, who similarly sponsor drivers and teams taking part, Landsail will support Keeber as he competes against the best drift racers across Europe. The first round of the British Drift Championship took place at Lydden Hill last weekend, and at the end of the two days Keeber sat in joint 9th place on the Pro Class table.
The Intermat 2015 exhibition for the construction and materials industries begins today in Paris, and Goodyear reports it will launch its EM Track III tyre management programme at the company’s show stand (F 001, Hal 5a). EM Track III is a Windows-based service tool that is utilised by all Goodyear OTR personnel and aims to lower the total cost of ownership associated with off-the-road tyres. EM Track III can record all tyre-related data and make it available to the customer.
Pirelli intends to supply its tyre factories in the Asia Pacific region with synthetic rubber produced in Russia. The tyre maker has signed a three-party Memorandum of Understanding related to this project. This new MoU facilitates the continuation of plans set out by MoUs signed between Pirelli and Russian petroleum company Rosneft in May and October 2014.
The Michelin Group’s Aircraft Tire Division has been recognised as a Boeing Company ‘Supplier of the Year’. The tyre maker was one of 14 companies (and one university) honoured at a Ceremony held in the USA on 15 April. Michelin was awarded in the ‘Electronics/Hydraulics/Mechanical’ category. Michelin also received a Boeing Performance Excellence Award.
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