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.
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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.
New Year’s price rise for Trelleborg Wheel Systems products
Prices for Trelleborg Wheel Systems (TWS) products will increase by up to ten percent as of January 2022. Trelleborg says the price rises apply to all TWS brands and products and is a consequence of the escalating energy, logistics and raw materials costs in all markets.
More than just products: T&A speaks with TWS’ Paolo Pompei
Tyre makers have a lot on their minds these days. In addition to experiencing an extraordinary couple of years that began with a virus and then mutated into a succession of rising input prices, they also need to think far beyond the traditional product development cycle. Legislation and end user expectations are driving manufacturers to explore new materials and achieve greater sustainability, while at the same time evolving technology means a growing focus upon connectivity and services. We recently caught up with Paolo Pompei to find out how Trelleborg Wheel Systems (TWS) is addressing these key issues.
Maurice Taylor: Don’t overlook Titan
On 14 December, Tyrepress.com shared information from sources who anticipate a Yokohama Rubber bid to acquire Trelleborg Wheel Systems. While the parties involved have neither confirmed nor denied such a transaction, the chairman of Titan International Inc. (TWI) has commented on a deal he apparently views as problematic.
India JV about to start making Mitas two-wheeler tyres
Despite delays during the pandemic, the joint venture plant set up in India by Yogesh Agencies & Investments Private Limited (YAIPL) and Trelleborg Wheel Systems (TWS) is now gearing up for deliveries of Mitas two-wheeler tyres. Paolo Pompei, president of TWS, recently confirmed that production will soon start.
Trelleborg Wheel Systems: Lower Q3 2021 EBIT despite strong organic sales
Sweden’s Trelleborg AB shares that its Trelleborg Wheel Systems business achieved “strong” organic sales growth during the three months to 30 September 2021, with significant growth in all product categories and in most geographies. Overall net sales were up 14.2 per cent year-on-year, to SEK 2.37 billion (£201.36 million).
Trelleborg introduces PS800 press on range
Trelleborg Wheel Systems has launched the PS800, its newest press on solid tyre for medium intensity material handling applications; it describes the Trelleborg PS800 as “versatile for working in all conditions indoors or out.”
Trelleborg Wheel Systems raising prices
Trelleborg Wheel Systems has announced price increases up to five per cent on all brands and segments. The increase will take effect in November and the company stresses that this is the last price rise for the current year. The tyre maker says it is adjusting prices in light of “continuous increases along the entire value chain in all markets.”
Mitas tyres for Piaggio Beverly 400
Italian manufacturer Piaggio & C. SpA has selected the Mitas Touring Force-SC as an original equipment tyre for its new 2021 Piaggio Beverly 400 range. It will equip the Beverly 400 and 400 S with the Mitas tyre in size 120/70-16 at the front and 150/70-14 on the rear.
Trelleborg Wheel Systems joins EUWA
The Association of European Wheel Manufacturers (EUWA) reports that Trelleborg Wheel Systems has signed up as a member. In a statement, the association says it is “very happy to welcome” Trelleborg Wheel Systems.
Trelleborg – Higher Q2 2021 EBIT despite rising raw material costs
Trelleborg Wheel Systems enjoyed strong year-on-year organic sales growth in the three months to 30 June, reports parent company Trelleborg AB. The division noted marked growth in sales of its tyres for agricultural machinery in most markets. Sales of tyres for materials handling and construction vehicles were also significantly higher than in both the preceding quarter and the same period of last year.
Trelleborg reports ‘strong’ second quarter as agri tyres lead pandemic bounce
TrelleborgTrelleborg has reported a strong second quarter, representing both large sales growth on 2020’s Covid-19 affected second quarter and significant sales growth on the same period in 2019. The company’s three business areas – Industrial Solutions, Sealing Solutions, and Wheel Systems – contributed to this growth, with sales of agricultural and materials handling tyres notably showing a “significant upturn”. However, spiking raw materials costs in the tyre segment have simultaneously affected Trelleborg’s margin on such products. The manufacturer expects gradually implemented price hikes to offset these additional costs.
Trelleborg doubles range available via its Lydney wheel systems warehouse
TrelleborgTrelleborg Wheel Systems has taken steps to expand its stock and warehousing operation in Lydney, Gloucestershire in order to offer faster shipping across the UK. According to the company, the site previously only held Trelleborg’s range of material handling and earthmover tyres. Now it houses the Trelleborg’s entire range of agricultural tyres, allowing the company to store twice as many products and offer immediate delivery on a wider variety than ever before.
Trelleborg Wheel Systems increases tyre prices by up to 8%, rims up 20%
At the end of May 2021, Trelleborg Wheel Systems it is increasing the prices of its tyres globally by up to 8 per cent. Prices for rims will be increased by up to 20 per cent. The price increase is effective immediately “across all brands and segments”.
