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Mike Welch on Michelin takeover, Blackcircles’ growth and expectations

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© Jane Barlow 2014 janebarlowphotography

With Michelin buying a stake in Allopneus as well as the complete Blackcircles business in the Spring; and with Apollo purchasing Reifen.com in November, it is fair to say we witnessed a trend towards manufacturer investment in online tyre businesses this year. Dig a little deeper and we are beginning to learn more about how tyre manufacturers are approaching this unavoidably important strategic area. With 2015 being something of a landmark year in this respect, Tyres & Accessories met with Blackcircles founder and managing director Mike Welch in Edinburgh to find out more.

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Related news:

  1. Michelin buys Blackcircles.com for £50 million
  2. Michelin to capitalise on Blackcircles.com, ATS Euromaster ‘synergies’
  3. Blackcircles on expansion, investment and going international
  4. Blackcircles.com sponsoring Formula E on ITV
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Andrew Page gets further growth funding

Andrew Page Group, has secured further funding from its provider PNC Business Credit (PNC) part of one of the largest financial institutions in the United States. The new funding comes a year after its original deal see funding grow from £40 million to £50 million to support its growth plans.

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  3. Euro Car Parts to divest 9 Andrew Page branches for CMA clearance
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Further Doublestar Kazakhstan truck and OTR tyre JV details

Further to Tyres & Accessories’ detailed report on Qingdao Doublestar Tire Corp’s expansion plans last week, the company has released further information about the truck and OTR tyre joint venture it is setting up in Kazakhstan.

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  1. Qingdao Doublestar doubling capacity
  2. Overview: Qingdao Doublestar Tire Industrial
  3. Serbia open for business
  4. Consolidation of Chinese tyre manufacturers gaining speed
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MRF receives state approval for Sadasivpet tyre plant expansion

India’s MRF Ltd has reportedly received approval from the government of Telangana to instigate an Rs 9 billion (£89.5 million) expansion of its Sadasivpet tyre factory in the state’s Medak district. The company first made its expansion plans public in April 2015, quoting an investment sum of Rs 9.8 billion and claiming the project would create an additional 900 jobs. The Sadasivpet announcement followed news in March 2015 that the tyre maker would invest Rs 45 billion in an ‘ultra mega project’ to expand its Perambalur and Arakonam plants in Tamil Nadu.

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  1. MRF to increase tyre production capacity – reports
  2. Tendulkar Closes MRF Innings after Decade at Crease
  3. Apollo increases Chennai tyre plant by 50%
  4. MRF exhibiting at Tyre & Rubber Indonesia 2017
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Qingdao Doublestar doubling capacity

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Things are tough in China, but not every company is going under. While some are struggling others are expanding quickly. During the course of the recent Reifen China exhibition in Shanghai, Tyres & Accessories spoke with Qingdao Doublestar representatives and found our more about the company’s ambitious plans for rapid change despite the turbulent market conditions.

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If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

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  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
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Related news:

  1. Further Doublestar Kazakhstan truck and OTR tyre JV details
  2. Jiangsu General investing US$300 million in Thailand tyre plant
  3. Overview: Qingdao Doublestar Tire Industrial
  4. Why Doublestar’s Kumho purchase is a good idea
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Shenzhou Tire breaks ground on phase two of £1 billion tyre factory project

Ningxia Shenzhou Tire Co. Ltd. has broken ground on a new tyre plant in the city of Shizuishan in Ningxia Province, China. Company representatives have been quoted as saying that the production capacity forms the second phase of £1 billion project, the output of which is destined for high-end markets in the Europe and the USA.

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  1. Qingdao Doublestar doubling capacity
  2. Linglong IPO attracts 2000x more interest than offer
  3. Jiangsu General investing US$300 million in Thailand tyre plant
  4. Guizhou Tire begins $350 million construction project on two China factories
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Michelin backs TW Tyres’ £40,000 refurbishment

TW Tyres has invested £40,000 into refurbishing its Rugby branch as, which was part-funded by the Michelin Auto Professional programme’s business development fund.

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  1. Michelin to capitalise on Blackcircles.com, ATS Euromaster ‘synergies’
  2. ATS Euromaster renews Safecontractor for eighth straight year
  3. Kerr’s Tyres & Auto to invest £2 million creating 15 new jobs
  4. ETEL continues to lead top 20 UK tyre retailers 2019
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Why it’s too early to cry tyre-mageddon

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On 3 November Michelin announced a series of pan-European tyre manufacturing restructuring plans designed to address the dual pressures from the on-going negative effects of the 2008 global financial crisis and the sharp increase of low-cost imports – especially in the truck and bus tyre segment. In short this means the closure of its Ballymena truck tyre plant, alongside investment in its Dundee and Stoke facilities; as well as the closure of its Pneu Laurent retreading operation in Germany; not to mention further significant investments and some closures in Michelin’s Italian tyre production plants.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

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Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

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Related news:

  1. Trio of Guides Added to Michelin Library
  2. Michelin launches X Multi D coach, medium truck tyre
  3. The thinking behind Bridgestone’s TomTom Telematics acquisition
  4. Fintyre platform company acquires Reiff Reifen & Autotechnik
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Michelin closing Ballymena factory, investing in Dundee and Stoke-on-Trent

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Michelin Tyre Plc is consulting on the closure of its Ballymena truck tyre factory at the same time as investing in the expansion of its Dundee car tyre and Stoke-on-Trent retreading sites. The Ballymena factory closure plans suggest the site will be run-down between now and a mid-2018 closure point. The Ballymena factory currently employs 860 people and Michelin says it is “committed to supporting those employees during consultation and in the forthcoming months”.

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  1. Michelin closing Dundee tyre factory
  2. Michelin unveils European Distribution Centre in Stoke-on-Trent
  3. Dundee closure ‘supports Michelin’s intent to accelerate cost savings’ – analyst report
  4. Fully automated Remix factory amongst the most modern in the Michelin group
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Conti to ‘significantly expand’ Contidrom

Continental AG’s tyre division is planning to “significantly expand” its Contidrom testing and development centre, north of Hannover. According to local press reports, the tyre manufacturer have already bought an adjacent 20-hectare area of forest. The expansion is said to focus on expanding wet handling test capacities which have been described as a “bottleneck” for the entire site. Nearly 11,000 tyre tests are currently conducted on-site.

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Nexen breaks ground on Zatec, Czech Republic plant

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On 1 October 2015 Nexen Tire broke ground on the site of its new plant in Zatec, Czech Republic. The company has committed to investing more than 829 million euros in building the new plant on 650,000 square metres of land in Zatec.

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  1. Nexen investing US$800 million in new Czech Republic tyre factory
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/1 Comment/by

DriveRight receives six-figure investment from Finance Wales

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DriveRight, the global vehicle fitment data specialist, has secured a six-figure equity and mezzanine investment from Finance Wales to fund its ongoing expansion into new markets in Europe, Asia and the Americas.

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Related news:

  1. Blackcircles on expansion, investment and going international
  2. Motokiki tyre price comparison site launches
  3. DriveRight appoints new chairman, international staff
  4. Michelin closing Ballymena factory, investing in Dundee and Stoke-on-Trent
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Goodyear South Africa to invest 44 million euros in Uitenhage, South Africa plant

Goodyear South Africa has announced plans to invest 670 million South African rand (£32.216 million; 43.847 million euros; US$49.557 million) in increasing production of so-called high-value-added (HVA) consumer tyres at its Uitenhage manufacturing plant. Meanwhile, medium radial production currently at the location is to be relocated across the EMEA region.

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  1. Tyre cord firm Kiswire continues US plant expansion
  2. Marangoni investing $75 million Sri Lanka industrial capacity
  3. ZC Rubber’s Anji factory starts making tyres
  4. Pirelli expands Romania factory and warehousing
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A-Z investment to give Continental added tyre mould options

Continental’s acquisition of A-Z Formen- und Maschinenbau GmbH last year brought one of the world’s most skilled tyre mould manufacturers in-house. Now the German tyre maker has announced its intention to expand capacity for extremely detailed tread designs at the A-Z factory in Runding, Bavaria this year through the construction of a new foundry. This project will be funded by a €6 million investment in A-Z Formen- und Maschinenbau. Continental says the investment will better prepare it for the increasingly complex nature of tyre moulds and their production, and will lead to 20 new jobs being created at Runding site.

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£1 million investment in BookMyGarage.com

Motorists will never need to feel like they are being taken for a ride again with the launch of an interactive booking directory of garages, which allows motorists to get instant prices for their car’s servicing, MOT, and repair requirements. The Motorist’s Organisation’s £1m investment sets to save consumers time and money by giving them the transparency of information to make an informed booking decision with confidence.

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