Aeolus’ revenue in 2023 will be 5.74 billion yuan (approximately £620 million; €730 million), an increase of 15.05 per cent from the previous year. Among the market shares, domestic market revenue accounted for 52.23 per cent, and replacement and OE accounted for 28.58 per cent and 23.65 per cent, respectively. According to the tyre manufacturer, it will launch a new 12R22.5 TBR product portfolio in the domestic market in 2023.
Alongside its on-road consumer and commercial portfolio, at The Tire Cologne, Linglong Tire will highlight two tyres for rigid dump trucks. OTR specialists from Linglong’s European team will also be present at the show, at the company’s 350 square metre exhibition space at Hall 7, Stand D040 – E049.
The ContiEarth LD-Master L5 Traction radial range, first seen at the Bauma 2022 show, is growing with the introduction of a size 26.5 R25 version. Specifically designed for loaders operating on abrasive surfaces, the LD-Master L5 Traction is also available in size 35/65 R33.
More than a dozen tyre-related firms are amongst the 600 or so exhibitors committed to participating in this year’s Hillhead show. Visitors will have the opportunity to meet with representatives from manufacturers, distributors and accessories/consumables suppliers, and get to see their latest ranges in a unique location.
With an aim of building on a record-breaking 2022, which hosted over 600 exhibiting companies and received 18,500 unique visitors, Hillhead 2024 will take place in Buxton’s Hillhead Quarry between 25 and 27 June. The current exhibitor list contains around 600 entries, including more than a dozen firms offering tyres and related products.
Kal Tire’s Mining Tire Group has entered into a global mining partnership with Pitcrew AI, a pioneer in autonomous vehicle inspection systems. The Memorandum of Understanding (MOU) signed by the two firms solidifies their existing collaboration and designates Kal Tire’s Mining Tire Group as Pitcrew AI’s preferred global partner. Kal Tire says the agreement capitalises on its extensive customer network and will leverage its established presence in key mining regions to ensure widespread accessibility to Pitcrew AI’s technology.
At the end of April 2024, ZC Rubber showcased its latest Westlake, Tianli and Yonggu branded off-the-road and industrial tyre and track products.At the end of April 2024, ZC Rubber showcased its latest Westlake, Tianli and Yonggu branded off-the-road and industrial tyre and track products.
BKT will display its Earthmax OTR tyre range on booth 3865 at the Las Vegas Convention Center when it hosts WasteExpo, the global trade show for the recycling industry, from 7-9 May. The show is North America’s largest trade show that focuses on solid waste, recycling, organics, food waste recovery, and sustainability. “WasteExpo provides an important opportunity for BKT to share our offerings with North America’s solid waste and recycling industries,” says Chris Rhoades, vice president OTR at BKT USA.
In the April 2024 issue of Tyres & Accessories Magazine, available now as an e-paper for subscribers to Tyrepress, Tyres & Accessories turns its attention to the SUV tyre and OTR tyre markets. As well as these special features, the issue features articles about Yokohama’s expansion strategy in Europe, a round up of some of the leading European tyre tests in the summer tyre season, and Kumho’s decision to build a tyre plant in Europe. Non-subscribers can gain access to Tyrepress with a print or online subscription. Tyre professionals can take advantage of the current Tyrepress Membership offer, helping to drive business online and stay informed with the industry’s leading magazine and websites.
Valuing Goodyear’s for-sale OTR tyre business at between $800 million and $1 billion, financial analysts have evaluated a hypothetical acquisition of the unit by Continental AG as “a complementary fit”. Writing in an investor’s note dated 23 April 2024, the Jefferies report endorsed the business case behind the scenario:
Evolution in the design of loaders has led to a generation of machines that deliver significantly more load capacity, speed and transmission torque than their forebears. In order to adapt to the more powerful and sturdy vehicles operating in quarries, Michelin is offering a tyre suited to these changes – the Michelin Xtra Defend E4 L4.
Goodyear has launched the new three-star RL-5K Off-the-Road (OTR) tyre for large wheel loaders and wheel dozers. The RL-5K is Goodyear’s newest radial OTR tyre in the 45/65R45 tyre size and is constructed to withstand the air pressure necessary to deliver an increased three-star load capacity, which translates to a 16 per cent increase in load carrying capacity, based on Tyre & Rim Association data versus RL-5K two-star predecessor in this size The RL-5K with three-star capacity also features a deep, 250-level durable tread to deliver cut resistance and traction in severe underfoot conditions.
On 2 April 2024, BKT received Excellent Level certification from Caterpillar Inc. under its Supplier Excellence Recognition (SER) Process for the second consecutive year. The Excellent Level certification is the highest honour that Caterpillar Inc. bestows on suppliers, who consistently meet stringent production and quality requirements, under the SER Process.
Continental has launched a new version of its ContiConnect Lite app. The digital tyre management software creates a bridge between tyre sensors fitted to tyres either retroactively or increasingly at the factory and certain features of digitalised tyre management. The app can now be used on tyres with an integrated Gen2 sensor. Beginning in 2024, Continental has been delivering its off-the-road (OTR) radial tyres with a Bluetooth-enabled sensor ex-factory.
Bridgestone claims market leadership in the mining and construction tyre sector, and with the mining sector namedropped alongside electric vehicle tyres for particular attention in its recently announced 800 billion yen ($5.38 billion) round of medium-term investment over the next three years, the global tyre manufacturing signalled its intent to continue to strengthen in this segment. Bridgestone can claim an impressive grip of the off-road tyre market in more ways than one.
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