Triangle Tyre has returned to the bauma show in 2025 with its portfolio of off-the-road tyre solutions. The Chinese manufacturer is presenting its range at Hall A6, Stand 39 in Munich, Germany, until 13 April. This year, Triangle is exhibiting three flagship OTR products and introducing its new Tyre Performance Monitoring System (TPMS).
Triangle Tyre and its Italian partner Sunebo will return to Bologna for the 30th edition of the biennial Autopromotec exhibition, taking place from 21 to 24 2025. The companies will exhibit from booth C48 in pavilion 20, showcasing their latest TBR and OTR products.
The C-WP.29 Secretariat of the China Auto Standardization Research Institute invited Triangle to attend the WP.29’s 81st Working Party on Noise and Tyres (GRBP). WP.29 is the World Forum for Harmonization of Vehicle Regulations, a permanent working group under the United Nations Economic Commission for Europe (UN/ECE).
Following its presence at the show in 2022, Triangle Tyre is set to return to Bauma 2025. The Chinese tyre manufacturer will present its OTR product portfolio at Hall A6, Stand 39 in Munich, Germany, from 7 to 13 April.
Triangle reports that it remains committed to “strengthening its position in Europe by further developing its product range to meet the demands of both original equipment (OE) and replacement markets”.
Triangle has passed the audit and officially became a member of the United Nations Global Compact (UGNC), an organisation that was established to promote corporate social responsibility and sustainable development. The UGNC currently has more than 20,000 corporate and non-corporate members in more than 170 countries.
Mirco Spiniella has been promoted to commercial director Europe and Igino Schiavi has been named sales director for Southern Europe at Triangle Tyre Europe.
Igino Schiavi, formerly product marketing manager Europe, has been appointed Sales Director for Southern Europe. He takes over this position following the departure of Roberto Pizzamiglio. “With a wealth of experience in product strategy and market analysis, Igino has contributed significantly to Triangle Tyre’s European operations. In his new role, he will focus on strengthening client partnerships and supporting growth in the Southern European market”, company representatives said in an official statement.
The World Brand Lab has announced the 2024 “Top Ten Influential Chinese Tyre Brands”, which are ranked as Doublestar, Sailun, Linglong, Chaoyang (belonging to ZC Rubber), Double Coin, Celmo (belonging to Jiangsu General), Advance Tyre (belonging to Guizhou Tyre), Triangle, Cheng Shin, and Prinx Chengshan.
After Xiong Shunmin resigned, Triangle’s board of directors elected Gu Zhifu as a new member of the Strategic Development Committee.
Triangle’s third-quarter report shows its net profit from July to September fell sharply. In the third quarter of 2024, Triangle’s revenue was 2.61 billion yuan (about £290 million; €340 million), a year-on-year decline of 2.49 per cent; the tyre manufacturer’s net profit attributable to shareholders of listed companies was 270 million yuan (about £30 million; €35 million), a decline of 39.59 per cent.
Despite no longer manufacturing or even officially selling its products within the country, Nokian Tyres remains Russia’s best-selling brand of studded winter tyres. Statistics from major e-commerce platform Avito for September 2024 show that Nokian Tyres holds a 19 per cent share of this particular market segment, more than double the eight per cent share held by Pirelli. Ikon Tyres, the brand now produced in the former Nokian Tyres plant in Vsevolozhsk, holds a seven per cent stake in the studded winter segment. Cordiant and Michelin each hold a five per cent share.
Triangle board member Xiong Shunmin has resigned for personal reasons. After resigning from being director and a member of the board’s strategic development committee, Xiong Shunmin no longer holds any position at the tyre manufacturer and its holding subsidiaries.
The Shandong authorities have presented a 2024-2027 action plan designed to improve the productivity of the tyre industry in its jurisdiction.
Tyrepress China found that Shandong Province is trying to build two tyre industry clusters, Peninsula and Lubei, accounting for more than 80 per cent of the province, with revenue of 60 billion yuan and 80 billion yuan, respectively.
In the first half of 2024, Triangle achieved revenue of approximately 5 billion yuan (roughly £535 million; €635 million), a decrease of around 200 million yuan from the same period in 2023. Net profit attributable to shareholders of listed companies increased by 0.67 per cent year-on-year to 612 million yuan (approximately £65 million; €78 million). However, after deducting non-recurring gains and losses, the company’s net profit fell by 3.23 per cent year-on-year. And it is worth noting that cash flow declined by 49.93 per cent compared with the first half of 2023.
Hankook Ventus S1 evo3 SUV gave it a run for its money, but Continental’s PremiumContact 7 recently won the What Car? With a weighted score of 86 per cent, the PremiumContact 7 was one percentage point ahead of the second-placed Hankook Ventus S1 evo3 SUV (85%). Michelin’s Primacy 4+ rounded off the podium, albeit some way back, with a weighted score of 71 per cent. The test also considered a number of tyres outside the premium stable. Interestingly, What Car? ranked Triangles EffexSport TH202 ahead of the GT Radial FE2 SUV and the Landsail LS588 SUV.
Several Chinese research institutions recently jointly released the “2024 China Brand Influence Index Report”. In the report’s “Top 10 Tyre Brand Influence” list, Doublestar ranked first.
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