Commercial Vehicle Tyres
Pearl River Tyre (Holdings) Limited reports that the disposal PRT Capital Pte Ltd took place on 16 April 2013. Upon completion of the HK$85 million (£7.2 million) deal, PRT Capital will cease to be a subsidiary of Pearl River Tyre and the financial results will no longer be consolidated with that of the group.
The link between Continental’s sponsorship of top level footballing events such as the UEFA Champions League and Euro 2012 and its tyre business was made explicit during the latter of these events. In Poland Coaches for players and fans were fitted with Conti’s HSR2 tyre and a specially modified HSU1 respectively by the Conti360⁰ network. Public transportation and its role in Europe remained high on Conti’s agenda moving into 2013 as the manufacturer introduced the first commercial vehicle tyres of its “third generation”: a three product speciality coach tyre line-up. Once again, Conti chose to introduce these products alongside its football sponsorship at St George’s Park in rural Staffordshire, the English Football Association’s new training and development site of which Conti is an official supporter, its branding displayed in various places around the impressive state of the art facility.
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Aeolus has confirmed its involvement with the CV Show in April, where it will debut with its exclusive UK distributor, Kings Road Tyres (KRT). According to the company, the show will provide an important opportunity to build wider brand awareness for Aeolus, which has been manufacturing commercial vehicle tyres since 1965.
Italian tyre maker Pirelli intends to introduce a second brand of commercial vehicle tyres that takes its name, if not its heritage, from the company’s F1 involvement. At a recent dealer meeting in Munich, Germany, Pirelli presented examples of an associated tyre brand; this new, yet to be released range is called ‘Formula’, and the Pirelli says its introduction will complete the company’s heavy vehicle product range. Further details about the Formula brand are yet to be made public.
Al Dobowi Group company Eskay Tyres has announced the selection of Agripan SA as the authorised Westlake distributor for Greece.
In the February issue of Tyres & Accessories, as well as all the latest news, developments and product releases, we focus on Van Tyres and TPMS technologies. Subscribers can view their own virtual edition online by simply clicking more.
Another expansion of Continental’s Mount Vernon, USA plant will commence in order to meet growing North American demand for commercial vehicle tyres. Continental Tire the Americas will invest US$129 million in the plant, with $95 million of the funds going towards expanding CV tyre production, including wide-base truck tyres. The expansion of the Mount Vernon plant’s commercial vehicle production is expected to be complete in mid-2015 and will increase truck tyre capacity to more than three million units per annum. At least 80 new jobs will be created.
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A CDN$73 million (£46.3 million) investment for Michelin’s Waterville truck tyre factory in Canada will increase capacity over the coming four to five years. Michelin North America says the Waterville plant will make capital investments in equipment improvements and increased production capacity; the project will include the installation of new technologies in all aspects of the manufacturing process, supporting the success and continued growth of wide commercial vehicle tyres such as the X One. The project will include a 3,000 square metre assembly building expansion and Michelin anticipates the investment will create approximately 50 new local jobs.
Apollo Tyres Ltd has opened a global R&D centre in Enschede, the Netherlands as well as a global branding centre in London, UK. Opened just days apart, the two moves follow earlier commitments to put European activities in the driving seat for passenger car tyre development and, in company chairman Onkar S Kanwar’s words, to fuse the company’s three cultures into one team. Hints towards increased OE activity and the potential of a more international investor base are also evident.
Late last year Goodyear Dunlop introduced PrecurePro, a further development of its commercial vehicle tyre retreading programme. The tyre maker describes PrecurePro as a “comprehensive range of pre-cure retreading solutions that reduce vehicle operating costs and support retreading partners and fleets.” The ultimate goal of PrecurePro, it adds, is to give partners the required edge in a competitive market.
Goodyear launched its line of specialist coach tyres at an event hosted by Mira in the Autumn of 2012, and designed to present the brand’s commercial vehicle tyre activities over the course of the year. In addition to providing a look at the Marathon Coach and the Ultra Grip Coach winter tyre, Adam Stanton, commercial marketing manager, Goodyear Dunlop Tyres UK, showed the benefits of specialist winter products on other commercial vehicles, advising fleet managers to “look beyond the label” when selecting seasonal products. The company also announced its distribution partnership with Zafety Lug Locks, a Canadian innovation developed to prevent wheel loss accidents. Zafety Lug Locks secure adjacent wheel nuts to each other, creating resistance between two wheel nuts to minimise their ability to rotate and reduce the risk of wheel loss. The product is offered as part of a bespoke fleet proposal to customers of TruckForce.
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The influence of non-premium brand tyre manufacturers and of non-European produced tyres has markedly increased in the wider European agricultural tyre market. Something else that the data suggests is that a degree of desegmentation has occurred because all this has been set against a series of financial crises in Europe and its respective national markets. Not only are there opportunities for those entering the right niche at the right time, it would seem that there are opportunities for those entering the market at a different position to the historically dominant players.
Whether they know it or not, farmers are under a legal obligation to ensure that the tyres fitted to the agricultural equipment they own and operate are fit for purpose. That means fitting the correct type for a given situation/application and ensuring that they are properly adjusted and maintained. Ron Wood of Mitas Tyres UK Ltd, Matthew Knight of Knights Solicitors and Nigel Bush of tyre distributor B. A. Bush recently shared their insights on the relevant legislative requirements with Tyres & Accessories.
Techking Tires has announced the completion of the greenfield factory that it, along with an unnamed partner, erected in China’s Shandong province. The plant is located in the city of Heze and will produce passenger car and light commercial vehicle tyres. Techking says the plant will have an end annual capacity of ten million tyres, an output that will be reached in two phases over a period of five to seven years. The Heze plant began trial operations in November 2012.
Apollo Tyres intends to supply its Oragadam factory in India’s Tamil Nadu state with electricity produced in its own plant. The company plans to establish a 15 Megawatt coal-based thermal power plant at the site; the facility will consist of two 7.5 Megawatt units. In a statement, Apollo said the plant will improve overall efficiency and reduce pollution compared with separate power generation and process steam generation.
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