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Competition heats up in the Europe’s coldest tyre markets

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September has been a month of official openings. Specifically, Nokian Tyres opened its Romania tyre factory – something it has done in record time (see pages 14-16 for the details). And Linglong flipped the switch on passenger car tyre manufacturing at its Serbia plant too (see pages 18-19). At the same time, October’s magazine focuses on tyre wholesale (see page 44 onwards) and industrial tyres (from page 36). However, this column turns its attention to an arguably under-reported part of the European tyre market – the Nordic/Scandinavian tyre business.

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Related news:

  1. Lapin Kumi and Colmec form joint tyre services group
  2. Däckhuset i Norrland makes a hattrick of CTS members
  3. Port problems cause Honda Swindon shutdown, pressurise UK tyre supply
  4. Do markets dream of electric cars?
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Norgesdekk named exclusive Magna Tyres distributor for Norway

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Magna Tyres Group has appointed Norgesdekk its exclusive distributor for Norway, an arrangement it views as a continuation of its “ambitious global expansion strategy” and a reinforcement of Magna Tyres’ presence in Scandinavia. Norgesdekk will offer the full range of Magna OTR and industrial tyres to customers in the Norwegian market.

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Related news:

  1. Norgesdekk buys 67% of Valla Däck AB
  2. Magna Tyres Group buys Polish tyres dealer Industra
  3. Magna Tyres opens Serbia and Montenegro office
  4. Norgesdekk buys Dexen AB
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NTAW raising capital to support Dunlop distribution in Australia & NZ

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On 18 September 2024, Australian tyre and wheel importer and distributor NTAW Holdings Limited announced an entitlement offer to raise AU$12.41 million (£6.52 million) in working capital to support its strategic expansion in Australia and New Zealand following appointment as regional Dunlop tyre distributor.

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Related news:

  1. Australia’s NTAW Holdings preparing for growth despite challenging conditions
  2. Australia’s National Tyre & Wheel grows through Tyres 4U acquisition
  3. NTAW revises leadership team
  4. New name for Australia’s National Tyre & Wheel
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Continental building own USA distribution centre

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Continental serves its customers in the USA via seven distribution centres, none of which it owns. This will soon change, as the company has announced an investment into its first fully owned tyre distribution centre in the US market. The facility is to be located in Texas, within the Dallas-Fort-Worth-Metroplex, and will have a capacity to store more than 800,000 tyres – with potential for future expansion. Construction commences this month, with Continental aiming to start operations in the centre in 2026.

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Related news:

  1. Conti pioneers driverless tyre tests
  2. Momentive Takes Over Conti R&D Facility
  3. Conti tyre cord plant turns 125
  4. Conti’s Sumter plant now in operation
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Wholesaler Grupo Andrés begins inclusion employment programme

Grupo Andrés, a leading tyre distributor on the Iberian Peninsula, has launched the ‘Andrés Contigo’ programme, an employment inclusion project aimed at people with Down’s syndrome. This programme, developed under the methodology of supported employment, strengthens the company’s commitment to Corporate Social Responsibility (CSR) and the creation of more inclusive and diverse working environments.

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Related news:

  1. Grupo Andres: tyre exports are growth area
  2. Grupo Andrés tyres sales were 219 million euros in 2021
  3. Grupo Andrés exhibiting at The Tire Cologne
  4. Grupo Andrés invests in financial management consultancy iFinanciera
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Nexen and Amring celebrate 10 years of partnership

Nexen Tire held a 10th anniversary event on 6 September, celebrating a decade of tyre distribution with Amring. Specifically, Nexen hosted the first-ever “Nexen InnoForum Scandinavia” event, featuring a comprehensive factory tour at Nexen Tire’s Europe Plant (EP) in the Czech Republic. Over 40 participants from Amring and their trusted partners joined the event. The […]

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Related news:

  1. Nexen Tire extends SK Slavia Praha sponsorship
  2. Nexen Tire inaugurates European plant
  3. First OE tyre supply from Nexen’s Czech plant
  4. Nexen Tire debuts anniversary logo
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ETEL expanding footprint in Ireland with Tractamotors Group acquisition

European Tyre Enterprise Ltd (ETEL) is set to extend its footprint with the acquisition of Tractamotors Group, a leading tyre distribution company operating in the Republic of Ireland and Northern Ireland. Together with shareholders of Tractamotors Group, ETEL has reached an agreement to purchase a 100 per cent shareholding in the business.

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Related news:

  1. Yokohama buys Polish tyre distributor from Itochu
  2. EG Wholesale inaugurates new East Peckham warehouse
  3. Wholesaler Univergomma defies market trends in 2023
  4. ETEL appoints Tanaka as chairman, Kimbara as CEO
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Wholesaler Univergomma defies market trends in 2023

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Despite a challenging market environment, as highlighted by ETRMA data showing a further year-on-year decline compared to 2022, Univergomma Group defied the trend and significantly improved its economic and financial results in 2023. The Italian tyre distributor was even able to report record figures, with sales revenue exceeding €335 million, marking a five per cent increase. The group’s production value also surpassed €350 million, reaffirming its position as a market leader and a key reference point for Italian customers.

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Related news:

  1. Univergomma acquires Overgom
  2. Univergomma and Momo Tires report double-digit growth
  3. Univergomma reports 10% sales increase in 1H ‘23, Momo range renewal in ‘24
  4. EG Wholesale inaugurates new East Peckham warehouse
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EG Wholesale inaugurates new East Peckham warehouse

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Independent tyre distributor EG Wholesale has announced the opening of a new warehouse facility in East Peckham, Tonbridge. One of ten members of independent tyre wholesaler Grouptyre, EG Wholesale covers a wide area across the South and considers the opening of the East Peckham site a “milestone for the company” as it aims to enhance its service coverage across Kent and Greater London.

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Related news:

  1. Grouptyre member EG Wholesale opens Isle of Wight warehouse
  2. Grouptyre member EG Wholesale opens new West Sussex warehouse
  3. Grouptyre turnover ‘approaching £310m’
  4. New warehouses, online tools and chairman mark Grouptyre’s 20th anniversary
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Lapin Kumi and Colmec form joint tyre services group

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The Finnish Lapin Kumi and Swedish Colmec tyre businesses are forming what they call “a new sustainable and customer centric tyre services group”. This step follows a similar move by fellow Swedish firms Centrala Gummi and Colmec earlier in the spring. The transaction is expected to close in the third quare 2024, subject to customary closing conditions.

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Related news:

  1. Colmec acquires Finnish Bandag retreader Pentep Oy
  2. Sweden’s JJ’s Däck now a Colmec business
  3. Keolis chooses Colmec as ‘complete tyre supplier’
  4. Conti’s Bandvulc purchase results in UK market remoulding
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Top Recambios exhibiting at Tire Cologne 2024

Top Recambios, a Valencian company specialising in the multi-brand distribution of tyres, reports that it is will sharing details of its ”cutting edge…4.0 distribution concept”, which is said to achieve “an optimum connection between the most advanced solutions and the needs of its customers”.

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Related news:

  1. Michelin invests in Iberian tyre distribution
  2. Grupo Andrés exhibiting at The Tire Cologne
  3. Grupo Andres: tyre exports are growth area
  4. Grupo Andrés tyres sales were 219 million euros in 2021
/by

From kitchen table to the world – Vimexa celebrates 10th birthday

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It’s now little over a decade since Rutger Veerman told us of his plan to establish himself as a ‘matchmaker’ for tyre, wheel and battery companies. The idea was to serve as an intermediary between supply and demand, matching stocks in and outside Europe with customers seeking these products. Vimexa Automotive BV figuratively opened its doors for business in January 2014.

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Related news:

  1. Vimexa enlarges Scandinavia/Baltic presence
  2. Vimexa moving forward as an independent intermediary
  3. Discover Vimexa in 90 seconds
  4. Vimexa: Don’t be stopped by shipping issues
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Bridgestone aiding Burgos plans with high-capacity logistics centre

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Bridgestone EMEA has officially opened a new “smart logistics facility” for tyre storage at its Burgos site in Spain. The more than 44,500 square metre ‘Tizona’ facility enables the company to store more than 800,000 tyres in one location. Billed as one of Bridgestone’s “most significant logistics centres in Europe” and the result of an investment exceeding 40 million euros, Tizona represents for the tyre maker a “large boost to the growth and development of its facilities in Burgos.”

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Related news:

  1. Up to €207 million – Bridgestone investing for higher-value tyres at Burgos plant
  2. Michelin inaugurates 3 million square foot distribution centre
  3. Bridgestone EMIA resuming manufacturing
  4. Bridgestone European manufacturing network restarts production
/by

Goodyear partners with TyreCall in Ireland

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Goodyear has appointed TyreCall as “a Full Service Distribution (FSD) partner” in the Republic of Ireland and Northern Ireland. According to Goodyear, the strategic partnership will help Goodyear “manage stock, simplify the sales process, and improve the service offered to retailers. “

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Related news:

  1. Who Wears the Trousers?
  2. Goodyear to shut UK tyre plant in cost-cut move
  3. Goodyear Dunlop Names George Rietbergen As New UK MD
  4. ATL opens ‘ATL midlands hub’
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Oak Group buys Ostles Scotland Ltd

Oak Group Holdings

Oak Group Holdings (OGH), the parent company of Oak Tyres, which is known as the distributor of Davanti Tyres amongst other things, has acquired the Ostles Scotland Ltd tyre and exhaust centre.

Established in 1987 and a long-standing customer of Oak Tyres and Davanti Tyres, Ostles has a strong reputation as a retailer in Galashiels and has also established a growing distribution presence across the Scottish borders. The business now sits under Oak Group Holdings, as part of OGH’s ambition to bolster its own distribution presence in the area.

According to the company, the acquisition marks a step towards diversifying OGH’s route to market in

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Related news:

  1. McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
  2. Kwik-Fit and Stapleton’s owner ETEL buys leading tyre recycling firm Murfitts
  3. 91% increase in Halfords Autocentres revenues drives group sales and profits
  4. FinTyre completes Rs Exclusivreifengrosshandel and Tyrexpert Reifen + Autoservice acquisition
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