Triangle adds new mobile crane tyre
TriangleTriangle Tyre has added a new size to its TB576 mobile crane tyre line-up – 445/95R25 TB576 174F. According to the company, Triangle distributors will be able to order the newly introduced size in April 2022.
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Zhongce Rubber Group acquires Tianli OTR, agricultural tyre manufacturer
ZhongceZhongce Rubber Group (Zhongce) has acquired Tianjin United Tire & Rubber International Co, Ltd (TUTRIC), the manufacturer of the Tianli off-the-road tyre brand. The acquisition means Zhongce will expand its business into the agricultural and giant OTR tyre segments, while bolstering its already strong offering to OTR and industrial tyre markets. Established in 1985 in the coastal city of Tianjin, near Beijing, TUTRIC manufactures 35,000 tonnes of OTR and agricultural tyres per year. The TUTRIC factory at Tianjin covers an area of 480,000sqm, employing more than 1,000 people. Zhongce says the acquisition is the next step in its continued global expansion. The manufacturer is China’s largest tyre-maker, and the world’s ninth biggest in Tyres & Accessories’ 2021 ranking.
Titan: Russia-Ukraine war hasn’t impacted global operations
Voltyre-Prom; Titan InternationalOTR tyre specialist Titan International, which owns the Voltyre-Prom tyre manufacturing operation in Russia, is bracing itself for “the potential impact of bans, sanction programs, and boycotts…” due to Russia’s recent invasion of Ukraine. However, deep in the detail of Titan’s strong fourth-quarter 2021 reports which were published today (3 March 2022), executives affirm that “the impact of the military conflict between Russia and Ukraine has not had a significant impact on global operations”.
Tyre Boss signs up to “More Trees” initiative
Construction companies are increasingly considering the environmental impact of their operations and this includes their machinery choices. Legislation has driven the development of clean engines – in the off-highway sector new machines must now be built with Stage V low emission engines. Of course, battery power is also now becoming more prominent as a power source for smaller plant and equipment. So, what about tyres?
Sanction-hit tyremaker Belshina patriotic amid war in Ukraine
Belarussian Ministry for FinanceAs the war between Russia and Ukraine entered its fifth day on 28 February, and as talks between the Russian and Ukrainian governments were set to take place, local news reports suggested that troops from nearby Belarus were set to enter combat. The significance for the tyre industry is that, as well as obvious and tragic implications for Ukraine and its domestic tyre business, there is now evidence that the conflict’s ramifications are reaching neighbouring countries. But where does Belarussia’s leading tyre manufacturer, Belshina, fit into this picture?
Cabot expands E2C range for OTR tyre retreading
Cabot Corporation has expanded its Engineered Elastomer Composites (E2C) product line for use in off-the-road (OTR) tyre retreading applications. These products utilise a propriety process technology that mixes reinforcing carbons into elastomers; the manufacturer says OTR tyre retreaders and rubber compound suppliers can “now leverage Cabot’s state-of-the-art E2C products to extend the life of the retread by as much as 30 per cent.”
Goodyear plant gains another Platinum Caterpillar SQEP certification
Goodyear says it is “honoured to receive” a second Platinum certification in the Caterpillar Supplier Quality Excellence Process (SQEP). The tyre maker’s factory in Wittlich, Germany earned these back-to-back awards with the tyres it supplies for Caterpillar compact wheel loaders.
Itochu bids $1.7 billion for Hitachi Construction Machinery stake
Hitachi Construction Machinery (Europe) NVHitachi is selling around half its 51 per cent shareholding in Hitachi Construction Machinery Co Ltd for 200 billion yen (£1.271 billion; 1,524 billion euros; US$1.7 billion) to Kwik-Fit’s owner Itochu and investment fund Japan Industrial Partners, according to reports published by Nikkei on 13 January 2022. Itochu confirmed that it is “considering this matter”, but declined to give further details later the same day in a statement that read:
Titan International shares up 49% after market consolidation reports
What a difference a month makes. Titan International shares are trading 49 per cent higher now than they were before Christmas. The difference? The news that competitor Trelleborg is in talks with “external parties” relating to the sale of its Trelleborg Wheel Systems (TWS) industrial/OTR tyre business and subsequent market comments publish by Titan chairman Morry Taylor.
Key tyre industry themes for 2022: acquisitions, consolidation and sustainability
DendoktoorA quick glance at our recent top 10 articles of 2021 email offers a unique overview of the major themes of the last 12 months. Since most of those issues are ongoing stories, they bring with them a useful insight into some of the things we can expect in 2022 – an insight that can be summarised by these three words: acquisitions, consolidation and sustainability.
Steve Shannon Tire joins Pre-Q Galgo retreader network
Magna TyresPennsylvania, USA-based Steve Shannon Tire is now a member of the Pre-Q Galgo network of independent retreaders.
Magna Tyres Group buys Polish tyres dealer Industra
Magna TyresMagna Tyres has agreed to buy Polish tyre dealer Industra Ltd. Financial details have not been disclosed. But Magna Tyres Group did report that it is “on track to increase turnover to 600 million euros in three to five years amd that Industra’s annual net turnover is almost 10 million euros.
Trelleborg share price up 16% after Wheel Systems acquisition reports
Trelleborg AB’s share price has risen sharply following reports that the company is in talks relating to the sale of Trelleborg Wheel Systems business.
Trelleborg confirms acquisition interest from ‘external parties’
TrelleborgFollowing our coverage of Yokohama’s offer for Trelleborg Wheel Systems, the tyre and wheel manufacturer’s Swedish parent company Trelleborg AB has confirmed that “external parties have shown interest to acquire Trelleborg’s business area Trelleborg Wheel Systems”. At the same time, Titan International offered its view on third-party interest in Trelleborg Wheel Systems.
Magna Tyres to acquire Fennell Tyres International
Magna TyresMagna Tyres Group is acquiring Australian-based Fennell Tyres International. Fennell Tyres International is known for its competitively priced, quality OTR, mining and TBR tyre solutions. Financial details have not been disclosed. According to the company, “Magna Tyres recognizes the demand for high quality off the road tyres in Australia and the value of a long-term relationship with customers”. The firm’s goal is to strengthen its position worldwide.
