Trelleborg Wheel Systems Archives - Page 2 of 6 - Tyrepress

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Slight delay for Yokohama Rubber’s Trelleborg Wheel Systems acquisition

Trelleborg Wheel Systems will soon have a new owner, but not as soon as first announced. The Yokohama Rubber Co., Ltd. now anticipates completing its acquisition of all outstanding shares in Wheel Systems Holding AB in the first half of 2023, rather than during the originally planned second half of 2022. Narrowing this timeframe further, Trelleborg Group says its divestment of the business is “likely in the first months of the year.”

3rd January 2023/by Stephen

Trelleborg fined for Yokohama-TWS takeover disclosure violation

Company News, International News

Trelleborg AB has been fined 9.6 million Swedish krone (roughly £750,000; 880,000 euros) by officials at Swedish stock market, Nasdaq Stockholm. Nasdaq Stockholm specifically sanctioned Trelleborg for reacting too slowly to international reporting of the – at the time – proposed sale of its Trelleborg Wheel Systems (TWS) business to Yokohama.

30th November 2022/by Chris

SIMA debut for Trelleborg HF1000

In addition to presenting its Adaptive Tire Management System (ATMS) at SIMA 2022, Trelleborg debuted its next generation implement tyre, the HF1000. Specially designed for increasing load capacity on large forage wagons and slurry tankers, Trelleborg HF1000 is the “perfect tyre with unrivalled efficiency for demanding applications.”

10th November 2022/by Stephen

Future of agriculture: Trelleborg unveils ATMS

Upon officially launching its Adaptive Tire Management System (ATMS) at SIMA 2022 this week, Trelleborg comments that ATMS could “revolutionise today’s agriculture industry by increasing crop productivity while improving efficiency, alleviating the industry’s biggest challenge: feeding an ever-growing world.”

8th November 2022/by Stephen

Trelleborg MPT100: Better ground spreading performance

Trelleborg Wheel Systems says it has “stepped up to meet the growing demands of farmers looking to increase reliability and productivity in their ground spreading operations” with the release of its MPT100. It specifically conceived the radial for use on multi-purpose vehicles and fertiliser trucks used in ground spreading, and offers MPT100 in sizes 405/70R20, 425/75R20 and 445/65R22.5.

14th September 2022/by Stephen

Mitas introduces new Grip’N’Ride size

Mitas has expanded its Grip’N’Ride range of construction tyres with a larger size tyre for wheeled and backhoe loaders. Announcing this new addition, Mitas shares that it designed the 21L – 24 IND tyre to deliver improved performance even on softer terrain. The tyre features strengthened sidewalls for greater durability when handling increased load capacity, a tread pattern that delivers increased grip, and self-cleaning properties.

21st July 2022/by Stephen

World’s leading tyre companies 2022: Michelin and Bridgestone neck and neck for pole position

Company News, International News

Michelin remains the world’s leading tyre company by sales turnover, but Bridgestone is close behind in one of three close battles distributed across the table. For the first time, our research ranking market-leading global tyre manufacturers in terms of sales turnover converted into euros, illustrates the impact of recent high-profile acquisitions as well as the ongoing disruption of pandemic on the wider market landscape.

14th June 2022/by Chris

Helping with heavy lifting – Trelleborg EMR1031

Trelleborg Wheel Systems has released a new radial for earthmoving operations, the Trelleborg EMR1031. Designed to perform on the most demanding terrain, from sand to rock or extra hard surfaces, EMR1031 features a cut-resistant compound and a sidewall protector for damage protection and longer tyre life, along with a multi-surface tread design for superior traction.

30th May 2022/by Stephen

Mitas celebrates official opening of new two-wheeler tyre factory in India

Company News, International News

Mitas’s newest two-wheeler tyre production facility in India has been formally inaugurated, following our early 2022 article that the factory was ready to commence production. The factory, which will serve global motorcycle tyre markets, is the result of a joint venture with the Mahansaria Group. The two companies are combining their expertise to bring Mitas tyre engineering into the two-wheeler tyre market. Both companies have been working throughout the challenges of the last two years, to test and produce tyres. The Mitas brand is part of Trelleborg Wheel Systems, whose sale to Yokohama for 2.1 billion euros was confirmed at the turn of the year.

23rd May 2022/by Peter Gardner

Trelleborg & Agricolus partner to enhance precision farming

Trelleborg Wheel Systems, in partnership with Agricolus, has launched a new integrated platform to provide digital solutions for smart and sustainable farming. The unified platform provides farmers with additional key information to help them increase yields and optimise farm management through a website and mobile app.

19th May 2022/by Stephen

Lower raw material exposure and better ESG profile – What Trelleborg gains from TWS sale

Company News, International News

Apart from the 2.1-billion-euro price tag what does Trelleborg Group stand to gain from the sale of its Trelleborg Wheel Systems business unit?

25th March 2022/by Chris

Yokohama confirms 2.1 billion euro Trelleborg Wheel Systems acquisition

Company News, International News

Three months after we published the news, The Yokohama Rubber Co., Ltd., has confirmed that it has entered into a share purchase agreement with Swedish-based Trelleborg AB to acquire all outstanding shares of Trelleborg Wheel Systems Holding AB (TWS). According to Yokohama, TWS’s enterprise value is €2,040 million (about ¥265.2 billion). But the acquisition agreement includes a performance-linked earn-out clause, which could increase the acquisition price by up to €60 million depending on TWS’s 2022 financial results. And therefore Trelleborg refers to the sale as a 2.1 billion euro deal.

25th March 2022/by Chris

Trelleborg Wheel Systems raises tyre prices 15%

Trelleborg Wheel Systems will increase the price of all its brands across all segments globally by up to 15 per cent. The sharp price hike takes effect from April 2022.

23rd March 2022/by Chris

Trelleborg introduces XP1000 material handling tyre

Trelleborg Wheel Systems says it is looking to “significantly improve material handling operations” with the launch of its latest tyre for maximum intensity applications, the XP1000. It adds that the tyre provides customers moving materials around ports, warehouses, and shop floors with optimum traction and minimal vibration. The claimed result is greater comfort, increased safety, lower fuel consumption and a longer tyre life for more cost effective and sustainable operations. The XP1000 is also available in a non-marking version.

17th February 2022/by Stephen

Early 2022 start for Mitas two-wheeler tyre production in India

Company News, International News

Trelleborg Wheel Systems (TWS) has confirmed a timetable of beginning volume two-wheeler tyre production at the SYAM Trelleborg Tires LLP joint venture factory “by early 2022” following the start of trial manufacturing last December. With the plant’s entry into operation, TWS looks forward to an increased production capacity of two-wheeler tyres that not only “contributes to consolidate market presence” in southeast Asia, a region where two-wheeled vehicles are in great demand, but also “augmenting motorcycle operations across Europe and North America.”

21st January 2022/by Stephen