YOHT – fire report incorrect
Yokohama Off-Highway Tires notes that an erroneous report of a fire at its plant in Hadera, Israel has “caused confusion in the tyre industry.” Company officials confirmed today that there was no fire at the facility.
Yokohama Off-Highway Tires notes that an erroneous report of a fire at its plant in Hadera, Israel has “caused confusion in the tyre industry.” Company officials confirmed today that there was no fire at the facility.
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.
moveero has appointed Hugo Burgers as its new Chief Executive Officer (CEO), effective 1 December 2022. Burgers joined moveero in September 2021 with a senior level background from across the off-highway-industry, including Yokohama Off-Highway Tires, Warn Industries and John Deere.
As of October, Kevin Burke Tyres is offering the entire Alliance tyre portfolio in Ireland. Yokohama Off-Highway Tires says that this new partnership, along with its long-standing relationship with Kirkby Tyres, will “ensure an even wider array of tailor-made solutions for the Irish market.” Kirkby Tyres remains exclusive partner for the Alliance brand in England, Wales and Scotland.
Yokohama Off-Highway Tires has introduced two further sizes into its Galaxy LSDR 510 range for wheel loaders and dozers operating in mining and earthmoving applications. The new 17.5R25 and 20.5R25 tyres join existing size 23.5R25 in the LSDR 510 line-up to provide fitment options for an even broader range of machinery.
As reported on Tuesday, Yokohama Off-Highway Tires (YOHT) has opened its third factory in India. Yokohama Rubber has shared some additional details about the new plant in Visakhapatnam, Andhra Pradesh, which alongside existing facilities in Dahej, Gujarat and Tirunelveli, Tamil Nadu will produce YOHT’s core Alliance, Galaxy and Primex off-highway tyre brands.
During a ceremony held today and attended by local and regional officials, Yokohama Off Highway Tires (YOHT) inaugurated its newest factory in India and broke ground on the second stage of work at the site. Located in Visakhapatnam, Andhra Pradesh state, the new plant is YOHT’s third in the country.
Kirkby Tyres’ stand in Lamma 2022’s Hall 9 focused on the comprehensive technical tyre support the large tyre specialist can offer to farmers and the Alliance Agri Star II. Kirkby Tyres is the exclusive partner of Yokohama Off-Highway Tires’ (YOHT) Alliance brand in the UK and Ireland, and it describes the tractor tyre as a great success. The company also displayed new sizes of the versatile Alliance 590 tyre for a broad range of transport applications, and the Alliance 372 VF and Alliance 389 VF tractor trailer tyres. On the latter tyres, Kirkby showed evidence presented by Danish SEGES Innovation which evidences the effective soil protection, and therefore yield increases, the tyre combination can achieve during the application of liquid manure.
Yokohama Off-Highway Tires (YOHT) aims to be a top-three player in the global off-highway’ tyre segment and the company hopes that the recent expansion of the Alliance Agri Star II range as well as the performance of its other products will help it reach that goal. Highlighting the 4,000 plus SKUs it already offers, YOHT used the occasion of a virtual briefing to launch the Alliance Agri Star II range in 70, 85, 90 and 95-series fitments. In short, the company launched an additional 12 sizes and shared on-the-ground experiences of farmers as well as the results of recent research.
Yokohama Off-Highway Tires (YOHT) has an additional partner in Sweden. In addition to its four-decade old strategic partnership with NDI, the tyre maker is now also working with Broson Wheels. Introducing its new partner, YOHT shares that Broson Wheels is the “market leader of the OE2 business and leading supplier of tyres, rims, wheels and accessories for off-highway vehicles in Sweden.”
Yokohama Off-Highway Tires (YOHT) has added 12 more sizes to the Alliance Agri Star II radial tractor tyre range. These new additions include five 70 series tyres (240/70R16, 360/70R28, 520/70R30, 260/70R20, 580/70R42), four 85 series tyres (250/85R24, 280/85R20, 320/85R34, 420/80R46) and three 90-95 series tyres (210/95R16, 320/90R42, 420/90R30).
Yokohama Off-Highway Tires (YOHT) has reported the appointment of Andrew Musgrave as its country manager for the UK and Ireland. Musgrave commenced in this role last November and leads the aftermarket business for the Alliance and Galaxy brands in these markets. He reports to Ole Baek, YOHT’s regional head Northern Europe and France.
As a result of continued high raw material prices and “dramatically” rising freight costs in 2022, Yokohama Off-Highway Tires (YOHT) is increasing prices for its products from 1 April 2022. Announcing the upcoming changes, YOHT states that although it has absorbed “the majority of the costs” incurred upstream and during transportation and has thus implemented price increases that are “lower than industry average,” it is “unavoidable to pass a minor portion to its business partners.”
Yokohama Tire has bid around $2 billion for Trelleborg Wheel Systems in a move that could further expand the Japanese company’s growing off-highway tyre business. Sources close to the bid told Tyres & Accessories that Yokohama is currently in a due diligence process that is likely to be completed during the next month or so. Yokohama previously bid for Prometeon, the ex-Pirelli industrial/off-highway tyre business at the end of 2019. Despite ongoing discussions over the following year or so, that deal wasn’t completed. Yokohama appointed the former global head of Prometeon, Gregorio Borgo, as its European president earlier this year. Trelleborg Wheel Systems executives declined to comment on the reports.
For the fourth time this year, Yokohama Off-Highway Tires (YOHT) is increasing prices for its products. In announcing the new pricing that will be applied from 1 December, YOHT stresses it has sought to keep the increases in 2021 “lower than the industry average” by itself absorbing “the major part” of the “dramatically rising cost for raw materials and freight” rather than pass these additional costs on to customers.
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