Pirelli has published its 2014 Annual Report. The 389 page tome, which can be downloaded from Tyrepress.com’s company profiles section, contains details of Pirelli's production and financial performance, along with the tyre maker's priorities for 2015 and other specific areas of interest.
Pets at Home has signed a new contract with ATS Euromaster. The tyre management firm will seek to provide longer tyre life and greater visibility of running costs, handling all aspects of Pets at Home’s tyre management. This follows a comprehensive tyre audit carried out by ATS Euromaster across the customer’s truck and trailer assets, which identified opportunities to reduce operating costs and improve tyre life, safety and uptime.
Cooper Tire & Rubber says its tyre factory in Texarkana, Arkansas has been certified as a gold level ‘Superior Energy Performance’ (SEP) facility by the US Department of Energy. The plant was recognised for implementing ISO 50001, and Cooper earned gold distinction by meeting the SEP programme’s additional standards, namely achieving a more than ten per cent improvement in energy performance over three years.
The very first Hyundai i20 WRC to be run by a private team has won for the first time with Pirelli. Former World Rally Championship competitor Corrado Fontana, co-driven by Gio Agnese, won the Rallye Elba in Italy, the first round of the International Rally Challenge (which is Italy’s main championship for World Rally Cars).
Apollo Tyres inaugurated its third Apollo Retread Zone (ARZ) in Mumbai, in the western part of India. Rajesh Dahiya, Group Head, Sales-APMEA (Asia Pacific, Middle East & Africa), Apollo Tyres Ltd inaugurated the outlet in Turbhe, Navi Mumbai. With the objective of providing quality retreading service to truck-bus customers and fleet owners, these branded outlets are equipped with most advanced retreading machines, high quality tread material and trained workers. The move demonstrates
Two new Michelin tyres presented at Intermat 2015 in Paris are said to help worksite operators deliver higher productivity by delivering the “most advanced solutions available”. These tyres are the Michelin XTXL E4 L4, designed for loaders, and the Michelin Bibload Hard Surface, which is designed for backhoe loaders, telehandlers and compact loaders.
Dieter Köppner, managing director of Nokian Tyres Central Europe since 2007, has announced his intention to retire this year. Sharing the news with Tyres & Accessories, the 62 year old said that to ensure a smooth transition he is already working alongside his successor, Hannu Liitsola, at the tyre maker’s Central European headquarters in Prague.
In case you haven’t heard, as much as 65 per cent of Pirelli is in the process of being sold to ChemChina. It’s a complex plan and there’s a long road ahead, but the deal has been done and so takeover wheels are in motion (see page 28 for complete coverage of this part of the story). So what’s next? The deal can’t fail to have an impact at Pirelli, but what about the other top five tyre manufacturers and beyond? We hinted at market consolidation in this column last month, with reference to restructuring proceedings at Shandong Deruibao Tire Co., Ltd and possible contagion in China; and Pirelli CEO Marco Tronchetti Provera made the market aware of that he was planning to sell his stake within two years in January 2014. But few would have named this particular bidder and this particular timing. Now we are faced with the possibility, even the likelihood that the Pirelli/ChemChina deal is going to precipitate further micro and macro consolidation within the tyre market - even a re-shuffle of the tyre industry's top 10.