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Truck Tyre Replacement Market is Weathering the Storm

In the midst of some of the worst falls in Europe truck tyre production in a decade, opinions about the short and medium term prognosis for the segment remain divided. But while the research available fails to offer conclusive answers to the question of whether or not the truck tyre market has yet “bottomed out”; and fails to clearly indicate whether or not it is yet in recovery mode, there are signs that the worst is over. Looking at the SMMT’s UK commercial vehicle registration figures is a depressing place to start, but it reflects how bad the situation has been up till now. This data shows that there were just 309 3.5 – 6 tonne truck registrations (-35.89 per cent) in August; 7,531 3.5 tonne van registrations (-34.56 per cent); and 1546 heavy truck registrations (-46.49 per cent). Year-to-date registrations aren’t any better and are currently -43.88 per cent, -21.79 per cent and -44.59 per cent for each of those three segments at 203,117; 5,669 and 32,263 registrations respectively. According to SMMT chief executive Paul Everitt, not only are the truck and van markets “dogged by weak demand,” but the outlook is that “van and truck registrations will stabilise at around 45 per cent down” compared with 2008.

9th September 2009/by Tyrepress Editors

FAA Benefits From Titan Auction Donation

Titan Tire is once again pitching in to help the young members of the Future Farmers of America.

1st September 2009/by Tyrepress Editors

Lassa: BRISA Partnership Supporting Distribution

Lassa was established in 1974 by the Sabanci Group, of one Turkey’s leading industrial conglomerates. In 1988 it significantly increased its capacity and product by becoming joint venture partners with the Bridgestone Corporation. This partnership forms the award-winning BRISA Corporation, enabling the Lassa brand to be supported by enormous resources and investment which, facilitates the production of a quality range of Lassa brand tyres.

Now one of Europe’s largest tyre producers, its integrated plant in Kentsa, Turkey covers over two million square metres and is equipped with state-of-the-art design and production technology and a revolutionary dedicated research and development centre. Customers are offered tyre products of superior quality sustained by outstanding service. BRISA supply Lassa tyres in over 50 countries worldwide through distributors who are specially selected for their location, logistics and experience. An extensive range of passenger tyres, high performance and winter ranges are manufactured, along with 4×4, rally, van and light truck, OTR and agricultural tyres.

8th July 2009/by Tyrepress Editors

Sibur-Russian Tyres Announces Preliminary 2008 Results

In releasing its preliminary financial results for the 2008 year on June 5, Sibur-Russian Tyres stated that, in spite of “unfavourable trends” during the reporting period, the company’s consolidated revenue – 27.4 billion roubles – did not decrease compared with 2007. The tyre maker further commented that the year’s results were impacted by both increases in raw material costs, beginning in March 2008 and reaching an apex in August, and a decrease in tyre sales during the fourth quarter as a result of the global economic crisis.

8th June 2009/by Tyrepress Editors

Apollo Concludes Vredestein Banden Acquisition

The Apollo Tyres acquisition of Vredestein Banden BV, now officially concluded, has been described by Vredestein Banden CEO Rob Oudshoorn as a “win-win combination for both companies.” With all regulatory approvals and place and consent from the Judge of the Dutch Courts granted, Apollo now holds a 100 per cent share in the Netherlands based manufacturer. While official statements on the acquisition give no purchase price for Vredestein-Banden, the Wall Street Journal notes that a ‘person familiar with the situation’ disclosed a sum of 175 million euros.

18th May 2009/by Tyrepress Editors

Al Saeedi Named Maitech Best Dealer

Al Saeedi Middle East FZ Co. was recently named as Maitech Tyres’s Best Dealer 2008. The award was presented Ian Thomas, Maitech director international sales in a ceremony held at the Intermat show in Paris.

The Maitech range includes all-steel off road radials with sizes to suit many different types of construction equipment. The Maitech range of steel radial UM3/UM5 tyres covers 15.5R25, 17.5R25, 20.5R25, 23.5R25, 26.5R25 and 29.5R25. In particular Maitech tyres are said to be highly resistant to shoulder and tread cuts and hence enjoy a greatly extended life for maximum cost effectiveness. This extended life, combined with the Maitech’s ability to wear evenly, results in lower costs per kilometre and therefore reduced overall machine operating costs.

11th May 2009/by Tyrepress Editors

Belshina Focusing on International Growth

Since Belshina opened its first sales office outside of the CIS region, in Lithuania, a year and a half ago, the Belarusian commercial vehicle tyre specialist has looked towards establishing itself in even more regions. One particular area where Belshina has turned its attention is Southeast Asia, where the company is focusing upon the distribution of its earthmover tyre range. At Tyrexpo Asia the director of Belshina Asia, Maksim Smyslov, shared that the Belarusian manufacturer founded a new Singapore based operation in November 2007. It has been trading since last year and is focusing for the time being upon the earthmover tyre business, marketing these products to the region’s mines and mining operators.

22nd April 2009/by Tyrepress Editors

HP Agri Tyre Sales Soften Impact of Downturn for Trelleborg

Despite a substantial slowdown in the agricultural sector, Trelleborg has reported a ‘positive trend’ for high-performance agricultural tyres during the first quarter of this financial year. This area of strength contrasted with sales of industrial tyres, which declined sharply during the quarter. Overall, Trelleborg Wheel Systems experienced a 1.25 per cent decline in organic sales during the period and a one per cent drop in total sales after taking exchange-rate effects into account – down to SEK 950 million (£76.6 million).

17th April 2009/by Tyrepress Editors

BKT Announces Further Significant Investment

When 95 per cent of a company’s sales are achieved in export markets, it would be well advised to ensure its presence at international exhibitions. This is the view held by Balkrishna – also known as BKT – the central business unit of India’s Siyaram Poddar Group. The last two years in particular have been a time in which the agricultural, earthmover, industrial, ATV and small tyre manufacturer has been able to distinctly expand its market share in Asia. As executive director Anurag Poddar explained during an interview with Tyres & Accessories, the company intends through its own marketing plant to further increase sales in the region. During the Tyrexpo Asia exhibition in Singapore the company displayed the first steel belt radials for earthmoving equipment to be produced in an Indian factory, and this landmark product can be used to symbolise the company’s sizeable ambitions for the Asian markets.

9th April 2009/by Tyrepress Editors

Trelleborg Reports on ‘Turbulent’ 2008

In publishing the Trelleborg Group’s 2008 annual report, company president and CEO Peter Nilsson has commented that Trelleborg faces major challenges, but it can draw strength from its enhanced market positions. “2008 was a turbulent year in many ways,” said Nilsson. “An economic slowdown was anticipated by many, but nobody could foresee how rapid it would be. Following a favourable trend in the first three quarters of 2008, the downturn in the fourth quarter was dramatic.

1st April 2009/by Tyrepress Editors

Titan Aiming for 10-Fold Expansion of Giant Tyre Production

According to Titan International chairman and CEO Maurice Taylor, the US$100 million his company has invested in the area of giant mining tyres is about to pay off. During the course of this year Titan intends to increase the production of these tyres ten-fold, a measure anticipated to propel the company towards Taylor’s goal of tripling sales to $3 billion within a five-year period.

31st March 2009/by Tyrepress Editors

Trelleborg to Distribute GPX Galaxy Tyres in Europe

Galaxy-branded farm, forestry, agri-industrial and and OTR will be distributed exclusively by Trelleborg Wheel Systems following an agreement between the companies to form a strategic alliance. The agreement will be effective from 1 April, and covers 25 European countries: Albania, Belgium, Belarus, Cyprus, Denmark, Estonia, Finland, France, Ireland, Germany, Georgia, Italy, Latvia, Lithuania, Luxemburg, Malta, Netherland, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, United Kingdom and Ukraine.

The range of Galaxy-branded pneumatic products covered by the agreement includes tyres for diverse and demanding applications such as: agricultural radial and bias, skid steer, forestry, lawn and garden, OTR, backhoe and telescopic handlers, as well as other agricultural and industrial segments. GPX will continue to market its range of Forklift Industrial, Inter-Modal port and full range of solid tyres independently.

11th March 2009/by Tyrepress Editors

Shandong Linglong Aiming to Increase Sales 17.5% in 2009

Sales wise, last year was a good one for Shandong Linglong. The Chinese manufacturer of car, truck agricultural and OTR tyres reported for the first time ever sales in excess of RMB 10 billion. The company’s 2008 sales, which reached a total of RMB 10.2 billion, (£1.03 billion) in the words of general manager Mr. Feng Wang, “not only exceeded our expectations but also hit a new historical high.”

2nd February 2009/by Tyrepress Editors

Michelin Agri Range Designed to Offer Greater Productivity

Tests conducted by the tractor manufacturer New Holland have demonstrated fuel savings of 10 per cent using the Michelin XeoBib compared to an identical machine equipped with 65-series tyres.

Michelin’s agricultural range lays claim to providing something for everybody: its six ranges include the AxioBib for very high power machinery; the MachBib for machinery over 200 hp; the MultiBib 65 series; the standard 85 series AgriBib; the 2008-launched 70 series OmniBib; and the XeoBib, which has recently undergone a series of tests by tractor maker, New Holland.

12th January 2009/by Tyrepress Editors

Pressure Czech

“For Mitas and its CGS TYRES subsidiaries, 2008 was a highly successful year,” comments Andrew Mabin, sales and marketing director at Mitas/CGS Tyres, summarising the past twelve months. Mabin, who took up his new post on 1 September, 2008, is responsible for global activities in Original Equipment and the replacement market. He succeeds Werner Flebbe, who retired in October of this year. Previously Mabin was head of the British subsidiary of Mitas.

CGS Tyres is the international distribution organisation and a wholly-owned subsidiary of Mitas a.s. Mitas develops, produces and markets agricultural tyres internationally under its own brand name Mitas, as well as under the Continental, Semperit and Euzkadi brand names, which are under long-term licence. The company says that it is Europe’s second largest manufacturer of agricultural tyres.

12th January 2009/by Tyrepress Editors