Truck Tyres
Prometeon Tyre Group (the former Pirelli Industrial business unit) is to make its first public appearance at the Autopromotec fair. Prometeon is hosting a multi-brand stand with Pirelli-branded and truck, bus and agricultural products as well Aeolus-branded truck, bus and OTR tyres. The news follows the announcement on 13 April that Pirelli’s Industrial activities will […]
From the exclusive location of the world famous Taj Palace Hotel, tucked away in the diplomatic enclave of the bustling metropolis of Delhi, over 50 European Westlake partners recently had a unique experience of India.
Triangle Tire USA is opening its first US warehouse in Madison, Tennessee to supply off-the-road (OTR), medium and heavy truck as well as passenger and light truck tyres to its distributors and dealers. The 53,000 square-foot facility allows for future expansion, according to Triangle.
Double Coin’s US marketing arm, CMA, has enhanced the warranty on the company’s retreads to seven years and three retreads for all Double Coin Truck and Bus Radial (TBR) tyres, the company announced.
The opening of Apollo Tyres’ Gyöngyöshalász plant, 100km east of Budapest, marks a significant event for both the company’s global aspirations and the Indian tyre industry – the 72 hectare greenfield factory, begun in April 2015, is the first inaugurated by an Indian tyre company to come online outside the domestic market. The importance was reflected in the event itself, with some of the plant’s cavernous warehousing housing around 1,300 guests, among whose number was the prime minister of Hungary, Viktor Orban, who declared Apollo’s sixth global tyre manufacturing plant – its second in Europe after the existing Netherlands facility acquired alongside Vredestein – open on 7 April.
When Apollo Tyres launched its European truck tyre range at the CV Show last week, the company did so with a pre-planned retreading strategy in mind as well as the headlining “disruptive” digital media strategy.
Bandvulc managing director Patrick O’Connell, who started in the family tyre retreading business by working on the factory floor in his school holidays, stepped down as MD of the Bandvulc group of companies on 1 May 2017. According to the company, he will now “spend more time on other projects within Continental”, Bandvulc’s owner since the tyre giant purchased the retreader and fleet business last July.
Aeolus will take the opportunity of Autopromotec 2017 in Bologna (24-28 May) to stage the official launch of its third generation truck and bus tyre range.
Apollo Tyres has thrown its hat into the European truck and bus radial ring and introduced a complete range for our regions. Furthermore, the company is only distributing these products online, through its own ApolloTyresDirect.com portal. The company is the first, and so far, only tyre manufacturer to use the direct online approach to market here, and it says pricing on the site is completely transparent and free from hidden costs or complicated deals.
Following a competitive tender involving several premium competitors, European transport specialist De Rijke Northern Europe B.V. has renewed its contract with Michelin solutions; it will thus continue to manage De Rijke’s tyres across a fleet of 160 tractor units and 660 trailers based in The Netherlands, Belgium and UK for the next three years.
On 13 April TP Industrial Holding – a company controlled by CNRC (the tyre division of ChemChina) – confirmed that agreements have been signed with CNRC, Aeolus and High Grade (HK) Investment Management Limited for the full integration of its controlled Industrial activities with the other assets of the sector belonging to CNRC, including Aeolus and Guilin Beili. The formal finalization of this integration is expected by the end of the year, subject to the approval by the relevant authorities, with the contribution into Aeolus of the 52 per cent stake held in Prometeon Tyre Group (formerly Pirelli Industrial).
The East European market grew by over 5.1 per cent in 2016 and further growth is forecast for 2017, according to Clear International. The figure for 2016 is considerably lower than was anticipated at the beginning of the year and the difference is almost entirely attributable to developments in Turkey. Political instability had already undermined business confidence in early 2016 and then in mid year there was an attempted military coup. This had a dire and worsening effect on business investment resulting in 19,000 trailers being wiped from the Turkish forecast.
Prometeon Tyre Group – the new name for Pirelli’s recentlly separated Truck, Bus, Agro and OTR tyres business – has signed a commercial agreement with Iveco Defence Vehicles, which calls for a partnership for the development and supply of tyres for new generation defence vehicles. The news is a big step forward for Prometoen as it shows the business’s willingness and ability to work at an international OE level.
Philippa Oldham, Head of Manufacturing and Transport at the Institution of Mechanical Engineers, said in response to news of the launch of a new driverless shuttle bus in Greenwich:
In parallel with presenting its full-year 2016 results, Pirelli has revealed further details of its complex ownership structure and how it is splitting its consumer and industrial tyre business into two separate entities.
The latest news is that, as of March 2017, TP Industrial holding (which owns the newly renamed PTG, which was called Pirelli industrial until recently – more on that later) has been separated out from Pirelli’s consumer tyre business. In practice this means the assignment of TP Industrial holding to Marco Polo, Pirelli’s sole shareholder. According to Pirelli, the assignment will “ensure that Pirelli and TP Industrial can pursue their own independent paths to growth and independently developed strategies”.
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